QLD Brisbane suburbs to buy $1M budget

From a value from money perspective for a budget under..Nundah and Chermside in the North....and Morooka/Annerley southside

 

On price --size--and location -- and more bang for your dollar--4121..

 

Not many decent places left sub $1m in Brisbane.

 

1 million can still get you a decent house premium suburb. I was looking in the sub 900k which now is 1m.
I would look hard at 4121 Tarragindi if very lucky, HPW or Holland park
4152 Carina Carina heights
Moorooka
Stafford Kedron if very lucky
Mitchelton all middle ring suburbs

 

Hi,

Am looking at 4152.

It’s quite a big area.

Camp hill is very nice.

Carindale is in 4152.
a bit further than Carina from CBD.

would you say it’s still as desirable?
And would it be cheaper?

am considering buying a 3 bed house in Carindale.

Thanks.

 

Camp Hill most expensive
Carindale second most
Carina next
Carina Heights next.

All desirable, pockets of camp Hill are great. But pockets of there are too.

I think Carina Heights offers some value. The boom is ongoing in 4152!!

 

We also have been looking at 4152; this went for 1m at auction;

https://www.realestate.com.au/property-house-qld-carina-137251102

in hindsight should have stretched ourselves a bit more but the slopes/contours are tough for knock down rebuilds and added to the build costs

 

Hi,

why is Carindale more expensive than Carina and Carina Heights?
Since Carindale is further away from CBD than Carina?

Been looking around Cadogan street pocket near the reserve.
Is that a good desirable pocket?

thanks.

 

It doesn't make sense. I like Carina and Carina Heights better, but some ppl like mcmansions and Westfield

I will just check cadogan I think uts excellent edit: bit close to freeway and check flooding

 

^ Yep - Something to always keep in mind is a higher median does not mean more valuable land. Hypothetically, a suburb of post wars at 800k average is actually more desirable than newer builds with a median of 900k as the underlying land (and growth asset) is actually higher.

It presents a good opportunity for discounts in certain situations.

 

I agree. Cannot make sense of the Carindale preference.

 

If 1 is spending 1.2 m on an IP...what are tge cg prospects?

 

I think im almost giving up on the 10km ring... i was told the vendor would be over the moon with a 1.25m offer; ended up going over 1.5m;

73 Tarragindi Road, Tarragindi, Qld 4121

 

anyone care to estimate how much this might go for?

102 Burbong Street, Chapel Hill, Qld 4069

ill take +20-30% as a margin of error ha

 

To be honest Tarragindi is a pretty upmarket area. It's why there's a premium. You may be best to look at the mount Gravatts Moorooka and Salisbury area in South and North Mitchelton, Chermside West for under a $1m

 

Any takers? Ofcorse market is up now and everyone is chasing capital growth so interested to know viewa. Bris quality suburbs property purchase as an IP, what should be the CG expectation (guess estimate)

 

i think 1.59 million at auction today.

 

Hi standtall, how about indooroopilly? There are some weatherboard homes in indooroopilly around the 800-900k, do you think this could be a good investment given that the property is in a decent condition? Thanks

 

Any sub million house on a land is a good purchase provided 1) it’s not in flood zone 2) house on it isn’t in a too bad shape.

 

Agree with 1) but the rest of your advice is how people are going to get burnt.

So a house in Wacol or Inala is a good buy for $990k?