QLD Brisbane Property Q1 2018

I have an invesment which is a 4 bedroom house in taringa. The house is not in amazing condition so is best suited to uni students . It rented prior to mid last year for $490. I had to drop the rent to $420 mid last year to get a tenant which took almost 2 months as not many students were looking. Now I have just rented for $500 in 2 weeks as there are heaps of students looking for a place for the start of uni. I agree that a lot is down to timing .

 

The last two times the townhouse at Camp Hill has been available for rent by a new tenant has been January and as I said, remains vacant for around 3 weeks after previous tenant has moved out. First time was 2011 after the floods and it was freshly renovated. In a market that had a lot of people looking at the time it still took time to rent and it was priced well for the market.

If it’s ‘timing’ as you say, it’s certainly not time of year.

 

Fast rail: Travel from the Coast to Brisbane in 45 minutes

So there is no money for the Petrie Uni but a 5B $ project is a possibility?
What a joke!!

 

What. Isn’t the uni still happening?

 

A business case is a possibility. There may be funding to decide if it's a good idea. It will take 2 years to decide if it's a good idea - if the decision is made to look into whether it's a good idea. Then the fight about building it begins.

SEQ rail is a disgrace. 45 minutes from Nambouring to Brisbane is not fast rail. Busses in Brisbane are good however.

 

I thought your comment was serious until you said the buses were good in Brisbane

 

They're better than the trains.

Now shut up, I've got to get to Sunnybank and you're scaring my donkey.

 

Lol , they are both far from optimal however I find the trains far quicker and more reliable than the buses .

 

Where are you going to from?

I regularly get PT from my house in Tenerife to Calamvale. Busses **** all over trains - from a grate height. Faster, far more frequent, and less connections.

Same for the small hop to the city or West End.

If I travel by bus I don't check the schedule. I certainly do if going by train.

 

Luckily I rarely ever catch pt nowadays as I have a carapace in the city . I live st taringa so have the option of bus or train. Train takes 10 minutes , the bus could take anywhere from 20 minutes to an hour spending if Coro drive happens to be a carpark etc

 

We've got 5 relatively new med/high finish townhouses in Camp Hill and they have been the most difficult to rent when vacant in the past couple of years.
These are our lowest performing properties and will be the first sold if that ever happens in future.

 

The townhouse was my PPOR when I was single and always such a pain compared to my other houses! Mine is one of three. I have thought of selling a few times, whenever I do the market starts rising. It’s been great for capital gain.

 

Jobs growth is going well with article in the Australian today. And especially for Qld.
In 2017
NSW 140000 jobs created
Qld 100600 jobs

Vic 88000
Was 50000
Act 10200
TAS 7700

Go Brissy

 

What are peoples thoughts on Keppera v Geebung / Zillmere @500K?

 

I think you'd be hard pressed to to find anything in Keperra (one p, two r's) for $500k at the moment. Anything that cheap and not needing significant outlay gets snapped up quickly.
Geebung and Zillmere have lower entry points.
Bit of an open question - you haven't outlined your strategy... I'm guessing that you're talking capital growth? If the hype is correct, there's scope for boom times across all 3 suburbs. There's been solid to very good growth already though... Only time will tell I guess.

 

If you and your donkey catch the very fast train from park road to altandi (10 minutes) you are in Sunnybank! I think a donkey is allowed so long as it is assistive, and even though fridges are not allowed they do occasionally catch the train (a person with trolley attached).

 

try getting your fridge on a bus

 

I think Zillmere.
Has rail. Close to the Chermside hub (if near Zillmere station). More in the growth corridor. Badder rep' too. And I like suburbs with bad reputations close to trains and infrastructure.

 

I need one of those lift things for Fridges. Perhaps it can lift my Donkey. I think the north line is favourable to non donkey transit

 

Solid fundamentals in the aria. slightly further from Brisbane but closer to the airport and as you say in the growth corridor.