QLD Brisbane capital growth

That maybe true but sydneys population is 5 million and brisbanes is 2 - hence the value placed on a property purely on its proximity to the cbd

Redfern was cheap for a long long time until it was seen as a good affordable option close to the cbd
Just my opinion

 

So was the Fortitude Valley's.
All the workies and immigrants used to live there.

 

What are people's thoughts on Bray Park? Especially area around Les Hughes sporting complex?

 

I bought in Bray Park last year. There are plenty of new houses in the area, and I found driving through the streets that generally the houses/lawns are well kept.

 

Hi Cream@Co.

Of the suburbs you mentioned, I would personally go for the area around Strathpine. From my perspective, and perhaps due to lending restrictions, a lot of investors are going for low risk properties. With Strathpine, I like the following:

• comparatively low buy in price
• decent yield
• lower supply
• high demand
• transport infrastructure
• amenities

I don't believe the other areas tick these boxes to the same extent.

Cheers

Jen

 

Great area...if you can find stuff under 370k...snap it up!

 

Go closer in if you can.

 

Jen that is spot on...the pressing reason is demand from FHB buyers as they get pushed out of areas like Chermside, Banyo, Zillmere, Geebung, etc.

The only issue is the competition now.

 

Sash, I agree. I looked at all those areas a while ago. Prices are higher, plus lots of new stock in some areas which I would be steering clear of.

 

steer clear of new stock and see if you can find something old. Brisbane is very much about proximity to the CBD and will be for quite some time. People have choices and when the market goes flat when you're far away you get punished. There's suburbs out that way they haven't really grown much at all since 2008 I agree you don't want to buy anything new but I wouldn't be going any further out then you absolutely have to. Ive followed the statistics at least for the Northside suburbs and those closer to the CBD hold their value the best they're the first to go up and the last to go down. Southside it's probably the same except for the Chinese hubs. Driven by other factors even though they're not close

 

But the issue is that in all the areas closer to CBD the houses are very old. Wouldn't there be lots of maintenance issues and the return will be less as well.

 

less that 370k?? Very rare. If there is any at that price its very old. But its good to know your thoughts and advise. The one which i was looking at is a newish house with asking price above $430k

 

You think the build quality in a cheap suburb further out is going to be better? There are well built houses, and there are crap houses. Everywhere really. Avoid the crap ones in general.

 

Yes..I can't see value in the new estates yet...but at some point they will be ok also.

Areas like Strathpine, Kallangur, and Bray Park are catching the way down.

So is Clontarf and Woody Point.

 

Yes getting rare but a reno special comes along occaisionally..but hard to get...

 

yeah absolutely. Same with the other directions as well.
Agree also about chinese hubs- gw is not close to mel; yet look what happened there. Id rather chase fundamentals and location rather than a chinese hub though..long term, the location will trump all things.

 

there are renod houses with good structural integrity. Some will just need a cosmetic reno...alternately, townhouses are a good option as they are usually newer ( eg wont find many post-war townhouses/villas).

 

I agree with this eventually Chinese second generation want to live somewhere trendy close to everything.

 

Yep. .just like the second gen are doing now in sydney.

 

Queensland economy needs ‘second capital city’