Hi, I’m currently looking at investing in SEQ and I just finished reading the Shaping SEQ Planning Report that details the future planning for the region until 2041. See report here - https://dilgpprd.blob.core.windows.net/general/shapingseq.pdf In the report, it identifies the principal regional activity centres. Beenleigh, Ipswich, Sprinfield, and Springwood are included under this. I’d be keen to get the thoughts of everyone on the forum, around which of these suburbs has the most potential. I’m leaning towards Beenleigh and Springwood as I like the idea of being between Brisbane and the Gold Coast. Is there anything I should be wary about with either of these suburbs?
Springwood is a lot better from a socioeconomic point of view than Beenleigh, this is reflected in the price though.
Springwood is a good option. During the comm games it was apparent that Beenleigh is becoming more important as the gold coast grows. It is a place where both Bris and Gold Coast are accessible, and has a good express train service. For me the train is imperative as I think public transport is hugely important. I think Beenleigh is a better option that Ipswich, and the outer development areas (Jimboomba, Yarrabilba), and I think Springwood has some benefits but lacks the train line. Both good options in my opinion, different price brackets.
Springwood has a train line it just doesnt connect direct to GC. You have to go into brissy to change onto the GC line. Maybe one day they will connect the springwood and beenleigh lines but doubtful.
For an IP Beenleigh 35 mins from surfers paradise 45 mins from coolangatta airport 20 mins from Brisbane CBD (without traffic) low entry point with 5-6% yield lot of development (infrastructure) in the area with an existing good train line Nothing wrong with Springwood but yield is lot lower and i dont feel its good value for money with house prices nearly 70-80% more than Beenleigh. Feels like Springwood already had some increases while Beenleigh still has a bit left in it for now
Yeah the problem with that is it isn't actually close enough to any of those to be a selling point. Not sure 20 minutes is achievable even without traffic. I would be buying an old walk up unit in a blue chip before any of those options at similar price.
I think Springwood is the way to go imho. There are still great opportunities to be had to purchase zoned properties because of the apartment down turn. https://www.google.com.au/url?sa=t&...FjADegQICBAB&usg=AOvVaw2uk18IosNQM5HepS8l1fcC
Everyone's comments here are fantastic. Both are great up-and-coming picks, but the desirability is already reflected in the price. Springwood is a "better" area with more potential, but it's a lot more expensive. If it were me and I wasn't considering development land -just a good investment as is-, I'd be putting my money on a carefully chosen property in Beenleigh.
Would you mind sharing what would be "a carefully chosen property in Beenleigh"? What location would you choose and what property - 3 bd vs. 4 bd ? Outdoor area? What else?
Geez that's a hard one to be put on the spot for! It's really hard to say because every property will be a different combination of price, condition, features, etc. To be as general as possible, I have a strong preference for 4/2/2 with wardrobes, security screens and air-conditioning no matter where it is. Specifically to Beenleigh, you want to pick your street/neighbourhood carefully- there's some great streets, but there's also plenty of feral areas. It's pretty representative of Logan on a whole- not a place you want to buy sight unseen.
For someone without serviceability issues Springwood could be good for long term growth with potentially better tenants than Beenleigh... However if you are like me and wary of hitting the serviceability wall it's hard to go past the yields in Beenleigh...
How about Belivah if any one is familiar? I am hearing that much more OO stock as estates are limiting investors to only 20 percent.
Each estate will individually tailor its internal policies and procedures on sales. Belivah is a lovely spot and I believe one or more of the developments around there are trying to avoid an overabundance of rentals (don't want to make the Yarrabilba mistake), but of course you want to do your due diligence on the specifics of what you're looking at before pulling the trigger.
