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Bulimba Barracks master plan

Discussion in 'Where to Buy' started by ycdfdyan, 31st Jul, 2016.

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  1. ycdfdyan

    ycdfdyan Member

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    Hi All,

    A few friends of mine have been talking about the proposed Bulimba Barracks development lately.

    Some of them think the new development will create an oversupply in the Hawthorne/Bulimba/Balmoral area and therefore will slow the CG for these areas.

    I actually think the new development will help with the CG (for houses with land only) in these areas (more infrastructure and no many houses with land are proposed).

    These surburbs are very expensive already, is it likely to have good capital gain in these areas?
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    They're not building any more waterfront land - if you can get your hands on some do it (oh, it's probably floodprone too so you'll have to check if you can get insurance).
     
  3. Heinz57

    Heinz57 Well-Known Member

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    And prepare for a lengthy commute as Hawthorne Rd will be a car park
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Ferry? Why bother driving.
     
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  5. Heinz57

    Heinz57 Well-Known Member

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    Yes city cat is the best option.
     
  6. ycdfdyan

    ycdfdyan Member

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    Waterfront land are too expensive not something we can afford :(

    What do you think about the houses (not TH or units) close to the river with no flooding issues?
     
    Last edited: 31st Jul, 2016
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Possibly close enough is good enough - you're talking about proximity to the city same as say Docklands or Barrangaroo or Waterloo/Green Square.
     
  8. Azazel

    Azazel Well-Known Member

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    What's the commute time on the ferry?
     
  9. Heinz57

    Heinz57 Well-Known Member

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    40 mins to the CBD
     
  10. Azazel

    Azazel Well-Known Member

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    Cheese n rice. May as well buy a little tinnie to put put across the river.
     
  11. Jacque

    Jacque Buyers Agent and Bookworm, Sydney Business Member

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    LOL I like this part of Brissy and don't think an oversupply of units will affect the market too much- certainly not as much as the inner city. Bulimba/Balmoral/Hawthorne are all nice gentrified suburbs and you can still buy houses on decent blocks (keeping in mind most blocks 607sqm+ can be developed and can fit up to 4 townhouses STCA) for good prices compared to other more up-market suburbs on the northside. Rents decent on houses so you could always hold whilst getting a DA together. I think anything walking distance to Oxford St/ferry/river waterfront is always going to be popular in these areas.