QLD Buderim Sunshine Coast

Discussion in 'Where to Buy' started by Lilyau, 15th Nov, 2018.

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  1. Lilyau

    Lilyau Member

    Joined:
    8th Mar, 2018
    Posts:
    16
    Location:
    Sydney
    Hi,

    I am looking to purchase another IP and would like your thoughts on Buderim.
    Anyone owns an IP there or lives there?

    Any areas to avoid? Streets to target more specifically?
    Any thoughts on growth potential and rental yields in the current market?

    Anyone thinks there are any better options for a budget no higher than $550K?

    Thanks a million for your help, feedback and opinions
    Lily
     
  2. Property Twins

    Property Twins Finance Strategists Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,519
    Location:
    Sydney, Australia
    Hi @Lilyau
    What made you select this area?
    What is the supply of properties on sale like?
    What is the supply of rentals like?
    What type of property are you looking to purchase?
     
  3. Lindsay_W

    Lindsay_W Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    438
    Location:
    QLD
  4. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    1,755
    Location:
    Sydney
    I think you missed some questions.
     
  5. Ross36

    Ross36 Well-Known Member

    Joined:
    14th Aug, 2015
    Posts:
    92
    Location:
    Sunshine Coast
    Hi Lily,
    I live in Buderim so hopefully can provide some help.

    1. Growth and rent potential - I don't see it going crazy, more of a consistent slow burn over the next decade assuming no major calamities. There are quite a few projects happening / proposed like the Brisbane fast train, airport expansion and maroochydore cbd upgrade that are major positives. However the salaries here aren't as good as Melbourne or Sydney so that naturally caps the price potential. The nearby burbs on the beaches like minyama tend to rise faster, but also get hammered if there are floods. Check the flood maps before buying anything on the coast.

    2. Areas - I don't really know of any dodgy areas. Even the housing commission flats are generally very nicely maintained and have good people in them. It's not like Melbourne where there are defined ghetto areas. It's too neighbourly here. Buderim is a massive suburb though, with on the mountain and on the flats. Get on the mountain if you can, it's more temperate, better soil for your garden and has a better feel. More expensive though.

    3. Try for the holy grail of "on top" of the mountain, flat north facing yard, single level and walking distance to buderim cbd (buderim mountain school is a good centrepoint). Don't just go by distance, check your contour maps.

    Good luck
     
    JLK likes this.