QLD Brisbane capital growth

noticing some people are talking up thornside a lot recently in diff threads. statistics say otherwise Investment Property Thorneside, Queensland, 4158

 

Not good enough for you?
Median price change - 1 year 10.11%

 

Here are my thoughts:

Budget under 300k - Kallangur (getting rare), Deception Bay

Budget under 400k - Strathpine, Kallangur, Clontarf, Margate, Rothwell, Woody Point, Redcliffe, Scarborough

Budget 400-480 - Rochedale South, Underwood, Springfield, Bracken Ridge, Deagon, Brighton, Wynnum

Don't like North Lakes, Mango Hill too new and fully priced. Birkdale is too far out nor enough infrastructure though happy to buy under 400k.

 

Birkdale is far out? A train line is not enough infra for you?

 

For brisbanites...yes. the mindset is a bit different than syd/mel etc when it comes to distance.

 

he is suggesting strathpine and kalangur and birkdale is far out. that part is strange to me

 

Out of tge 17 suburbs you mentioned only 5 of them are closer to brisbane than CBD

Infrastructure - plenty of close by schools, train station, birkdale fair shopping centre, every chain shop in the australia is 5 minutes down the road in capalaba, restaurants
Even has a boat ramp
Not sure what its missing and how it is perceived too far - maybe because investors drive through wynnum manly before they venture to birkdale - hence the far away perception

 

Yes agree it is perception. The other is median is higher and return lower.

I concentrate on lower priced areas for medians to increase quickly due to the infrastructure spend. This has been the premise of my investment strategy to date. It would have not been possible a portfolio of 30 odd houses and land without this approach. You need to yield to service and capital growth for more deposits.

As for the infrastructure yes there is some there...but would prefer large Westfield within the catchment as that will drive up prices. For example the North Lakes Westfield is almost doubling in size...along with it they plan to put in a Costco, Ikea...new rail line is also there.

 

Out of towners with vested interests.

 

For your budget I would recommend banyo, zillmere, geebung. All close to rail

 

No just the facts...but yes I do have quite a few in Moreton Bay...but also in Southern suburbs closer to the city. Areas like Strathpine, Bray Park are now actively being targeted by people priced out areas like Banyo, Bracken Ridge, Deagon, Zillmere, Geebung....they are only another 6 clicks North.

Yes...great spots...the competition is quite intense ....you will have pay 400k plus to get in. Though you will find some occasional ones under this mark.

 

I've said it before but if your budget is up to the high $400's why would you go so far out when you can still get a house in keperra 10kms from the CBD in that price range?

 

Exactaroonies.
I've been having another sneaky look lately, still some good ones around.

 

Life isnt that simple, nor is investing

Suburbs in bayside melbourne that are over 20 kms from the cbd have medians on or close to 1 million dollars.
Yet there are suburbs north and west of the city with half the median

 

I think i know what you are saying. But in this case they are on the bay.
Redfern is much closer to the cbd than bondi but it's cheaper for a reason. No beach (other factors too but that's the biggest driver)
What is interesting is suburbs in Melbourne that are not any closer to the water than other ones but go for more per m2 because historically they just have nicer houses and are better suburbs.
In the long long run that always equalises.
Distance to cbd or water will always win in the long run.
I agree go keperra over kallangur any day.

 

I agree. Personally I do think it's fairly simple when it comes to Brisbane.

If your budget is for a house( and all things being equal) then try to buy that house as close to the Brisbane cbd as possible staying within your budget.

Just my opinion.

 

Sorry, I meant Rochedale South

 

Agree to an extent strongy1986 but if you also look at keperras surrounding suburbs it is definitely undervalued.

In terms of Sydney anywhere within 10km of the Sydney CBD is worth more than anything 30km from the CBD.

Comparing apples with apples that is.

 

yeah id agree with this.