QLD Brisbane IP under 400k

Discussion in 'Where to Buy' started by Noviceinvestor11, 26th Oct, 2021.

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  1. Noviceinvestor11

    Noviceinvestor11 New Member

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    Hey guys,

    I'm looking at purchasing an IP in Brisbane. I was looking at both Ipswich and Logan areas and was interested in purchasing in either Leichhardt, Raceview, Marsden or a Townhouse around the Logan area.

    Could anyone advise me if these area 'good' suburbs or best to avoid these areas. Or does anyone have any other recommendations. Appreciate your help
     
    Noviceinvestor11, 26th Oct, 2021
    #1
  2. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    Can you even get homes for under 400K in Brisbane anymore!?
     
    Ariyahn2011, 26th Oct, 2021
    #2
  3. Hamish84

    Hamish84 Well-Known Member

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    Hamish84, 26th Oct, 2021
    #3
  4. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    That would be riddled with asbestos though.
     
    Last edited by a moderator: 27th Oct, 2021
    Ariyahn2011, 26th Oct, 2021
    #4
  5. Heinz57

    Heinz57 Well-Known Member

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    You should get into Ipswich still at that price, Raceview has moved about 20%. Try to get as much land as you can for your 400k
     
    Heinz57, 27th Oct, 2021
    #5
  6. wylie

    wylie Moderator Staff Member

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    No more than thousands of other houses in other areas at higher price points.
     
    wylie, 27th Oct, 2021
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  7. AsburyJuke

    AsburyJuke Well-Known Member

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    Ipswich you can still buy under $400k, but it's starting to move pretty quick.
     
    AsburyJuke, 27th Oct, 2021
    #7
  8. AsburyJuke

    AsburyJuke Well-Known Member

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    Asbestos wouldn't worry me. The floods might tho!
     
    AsburyJuke, 27th Oct, 2021
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  9. thunderstrike888

    thunderstrike888 Well-Known Member

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    Logan.

    Get the worst house you can find if your capable and try get under $400k. Wont be many suburbs with anything under $400k these days. Whatever is listing for "offers over $350k" usually are selling well into the 400s now.
     
    thunderstrike888, 27th Oct, 2021
    #9
  10. Icarus

    Icarus Well-Known Member

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    Icarus, 27th Oct, 2021
    #10
  11. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    Nah screw that.... I will take floods over asbestos ..
     
    Ariyahn2011, 27th Oct, 2021
    #11
  12. Hamish84

    Hamish84 Well-Known Member

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    Go for gold. I’ll take the asbestos house, deal with the issue once, while you can have the flood house and pay crazy insurance and lose all your possessions every <insert frequency of flood based on how low it is> years.
     
    Hamish84, 27th Oct, 2021
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  13. Hamish84

    Hamish84 Well-Known Member

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    Hamish84, 28th Oct, 2021
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  14. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    I mean if you are buying a house on elevated land and out of a flood zone not sure what the issue is....



    Some information on asbestos..
     
    Ariyahn2011, 28th Oct, 2021
    #14
  15. Hamish84

    Hamish84 Well-Known Member

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    Nah you can only choose floods or asbestos. One or the other. Obviously the preference is neither but that’s not in the spirit of the initial quibble!
     
    Hamish84, 28th Oct, 2021
    #15
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  16. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    Well... they are both pretty terrible in that case. I would select neither.

    Cheers :)
     
    Ariyahn2011, 29th Oct, 2021
    #16
  17. Patrick Bateman

    Patrick Bateman Well-Known Member

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    Patrick Bateman, 2nd Nov, 2021
    #17
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  18. Hamish84

    Hamish84 Well-Known Member

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    :eek::D:D:D
     
    Hamish84, 2nd Nov, 2021
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  19. Heinz57

    Heinz57 Well-Known Member

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    Lot of people work there tho
     
    Heinz57, 3rd Nov, 2021
    #19
  20. Nathan Prasad

    Nathan Prasad Well-Known Member Business Member

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    Hi,

    That is starting to become very very difficult at the moment, but I would say try Crestmead, Hillcrest, Browns Plains and surround. We have been purchasing in these areas, the last property we purchased OFF MARKET in Hillcrest was a 3 bed 1 bath on over 700m2 for $420k. It is going to rent for $400 per week.

    They are still available but you really need to build up those REA relationships to find the OFF MARKETS.
     
    Nathan Prasad, 8th Nov, 2021
    #20
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