QLD Brisbane South Middle Ring

I know we have a bris, north and logan thread but I am looking to buy middle ring southern side.

Prices and competition has heated up quite a bit especially around Mount Gravatt, Salisbury, Sunnybank, Eight Mile Plains.

I am looking Algester, Acacia Ridge, Runcorn, Calamvale, Stretton, Underwood but also keen on Wynnum West, Manly West and Tingalpa.

Any advice / comments / local knowledge ? Anyone going to any opens this w/e and active on the ground ?

 

I think you have chosen great areas without so many of the socioeconomic tenant issues that you may have in some of the other areas you mention. I'm invested in Algester, spent a lot of time searching Acacia Ridge too. Stretton I think is quite a fancy suburb and popular with Chinese Australian homeowners.

 

+1

(What's Stretton's median? A million? Edit: I checked, it's 765k)

 

I was looking at the recent sales report for Salisbury. Some places go for considerably more than asking, but then there are still some pretty cheap properties for sale which are actually going under asking.

Saw one or two on 600m2 blocks 3 bed 1 bath houses that need a reno for low $400k's.

In this market that's what I would be going for. Something with a sweat equity gain at the start, and priced smack bang in a high demand price bracket.

 

Runcorn would be my pick of the bunch, for cf+. Changing though and like a lot of brisbane, you will need to move quickly.

 

And yet only freeway and a few trees separates it from Woodridge!

 

Me too. It's not my favorite suburb but it's the easiest to get into right now.

 

Funny how the world works.

 

Runcorn seems cheap when compared to surrounding suburbs. But I did purchase there myself so may be biased

 

Regarding Salisbury area, yes it is definitely profitable since it can have potential Capital Gain as stated in this article: http://hotspotcentral.com.au/salisbury/


THE LOCATION

• Only 9kms from Brisbane CBD with DSR Score trending up 15% in 6 months (currently 33/48)
• Suburb is gentrifying fast (new coffee shops etc)
• Townhouses in huge demand (ask any agent in the area)
• Few townhouses sites available putting a lid on supply
• Close to Griffith university
• Walk to train and bus interchange
• Established area with all the requisite amenities.

Please correct me if I'm wrong.

 

Not necessarily wrong, but hotspot has a vested interest in selling those townhouses.

I'd prefer a house on land.

 

Agreed, no need to go townhouses in salisbury. In the last sales report I got for the suburb there were about 3 houses under $450 000 that were on 600m2 blocks, 3 bed 1 bath and needing a reno, however putting the money in to reno something like that which will end up with a good sized family block in the suburb is much more appealing than a townhouse.

Especially with the big private school opening in the suburb next year.

 

The article says: "
The project site is less than 700 metres to the local train station and 400 metres to the nearest cafe. A major bus interchange is planned to be built within a short walking distance.

There are good schools located in the suburb 
including St Pius X Catholic Primary School and the Southside Christian College, as well as Nyanda State High School"

Where is this site exactly? I've got no idea where they would be able to fit 32 townhouses.

Anyone have any info on the planned bus interchange?

Also Nyanda State High has been shut down for a long time now. That's the site of the new private school opening next year.

 

@Tim86 Yeah, that's the thing, I also didn't get the location of the project. You'll need to put in your name, email and mobile phones to get the exact address.

This offer is too good to be true for instant Capital Gain $89k when the project completed.

 

you know what they say about offers being too good to be true...

 

According to research done by Matusik Property Insights:

Highest vacancy rates
4007 – Ascot/Hamilton 5.9%
4065 – Bardon 5.0%
4000 – Brisbane CBD/Spring Hill 4.6%
4171 – Balmoral/Bulimba/Hawthorne 4.6%
4069 – Chapel Hill/Kenmore 4.6%
4010 – Albion area 4.4%
4066 – Milton/Toowong 4.0%
4068 – Chelmer/Indooroopilly/Taringa 4.0%
Lowest vacancy rates
4113 – Eight Mile Plains/Runcorn 1.6%
4115 - Algester/Parkinson 1.8%
4120 – Greenslopes area 1.8%
4018 – Fitzgibbon/Taigum 1.9%
4077 – Durack/Richlands 1.9%
4034 – Aspley area 2.0%
4122 – Mt Gravatt area 2.0%

 

Whoa... "4000 – Brisbane CBD/Spring Hill 4.6%" When is that data compiled @Leo2413 ?

I guess most of the newbie interstate investors who bought "cheap" OTP 2 bedders in Brisbane city will not like that vacancy rate numbers increasing in the next 2 years.

 

I think May 2015 mate. Terry Ryder also mentions it. ahhh.. gotta love the Singaporian spruikers.
http://www.propertyobserver.com.au/...te-to-get-considerably-worse-terry-ryder.html

 

I am genuinely surprised at the numbers on the inner/middle west. But funnily enough, most of the PC chat has been on the lowest vacancy suburbs anyway. Go PC. And Greenslopes again

 

I live in Runcorn if that's any use to you.

There's a lot of big land/houses there though. Have been in some of them (friends' houses), not the super mansion types, but fancy enough compared to my little townhouse