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QLD Brissy bayside - Wynum - Manly units

Discussion in 'Where to Buy' started by dabbler, 27th Jan, 2016.

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  1. dabbler

    dabbler Well-Known Member

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    18th Jun, 2015
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    Location:
    Sid en e - olympic city
    Hi All,

    Seems I may have a few off opportunities & I am wondering if the market is spooked on units already.

    Without spelling to much out, if you got a clear 30-40k discount on a unit with standard sort of strata, walk to transport, shops, bay, would you be buying ? Not a unit like in a block of units with no outside area.

    My hesitation is also have some good house options, need to be careful of spending & it only takes one decent flood and it's all going backwards again I would say. Pretty confident it would be a good renter.

    People up there are concerned about the unit building, but hey, I am from Sydney and work near where there is about 10 new high rises & also go to the mascot area often where there you will see real unit building, if you know what I mean.

    What are your thoughts specifically on the 3 types of units in these 2 locations.
     
  2. Tyler Durden

    Tyler Durden Well-Known Member

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    Location:
    Australia
    There's a fairly good reason to be spooked by the level of apartment construction going on (link below) but a well located duplex, townhouse or a unit in small block (4-8) with low BC wouldn't be a bad play if you can indeed pick something like that up 30-40k BMV.

    Brisbane could see 50,000 new apartments added to skyline: expert
     
  3. dabbler

    dabbler Well-Known Member

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    Most of those units are CBD, has anyone seen the numbers for bayside specifically ?
     
  4. JK200SX

    JK200SX Well-Known Member

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    Location:
    Melbourne
    Most of the unit blocks going up in the area are typically 3-4 storey buildings, and the apt's tend to be bigger than those in the CBD. Some that I've seen are marketed by Remax.
     
  5. Tonibell

    Tonibell Well-Known Member

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    Discount off what ? Also, why are you offered the discount.

    If it can be readily sold for $40K more immediately the for sure I'd by buying (everything else being equal).
     
  6. See Change

    See Change Timing Lord Premium Member

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    Location:
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    We bought three units/ town houses in Manly Wynnum end of 2013 .

    It's not going to be impacted the way the CBD is . we bought close to water of Manly " CBD " . prices have moved up slightly , but no massive boom yet . tighter restrictions on development .

    Have thought of buying more , but bought else where

    I think it will do well .

    Cliff
     
  7. trinity168

    trinity168 Well-Known Member

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    Sydney
    Hi Cliff,

    What is the averate strata in the units you got?

    Thanks.
     
  8. JK200SX

    JK200SX Well-Known Member

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    Location:
    Melbourne
    Yes, the area will do very well!
     
  9. bread_boy

    bread_boy Well-Known Member

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    Location:
    Floater
    I pay $502/qtr for a t/house in Wynnum 10 min walk from the Esplanade.
     
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  10. DiligentPM

    DiligentPM Well-Known Member Business Member

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    Location:
    Brisbane
    Professional couples and families like this area and from our experience Manly and Wynnum Manly rent well - very attractive area - train line as well in Manly