QLD Cashflow Positive IP in QLD or regional NSW?

Latest data from Corelogic.

The following statistics apply to Houses in NEWTOWN*

• Change in Median Price (5yrs) is 6.2%
• Annual Change in Median Price (10yrs) is 0.5%
• Median Asking Rent for NEWTOWN is $315 per week
• Median Days on Market is 50 days

*Statistics are calculated over a rolling 12 month period.

 

Just for comparison:

The following statistics apply to Houses in WOODRIDGE*

• Change in Median Price (5yrs) is 9.6%
• Annual Change in Median Price (10yrs) is 0.5%
• Median Asking Rent for WOODRIDGE is $320 per week
• Median Days on Market is 58 days

*Statistics are calculated over a rolling 12 month period.

The following statistics apply to Houses in EAGLEBY*

• Change in Median Price (5yrs) is 19.3%
• Annual Change in Median Price (10yrs) is 0.7%
• Median Asking Rent for EAGLEBY is $340 per week
• Median Days on Market is 80 days

*Statistics are calculated over a rolling 12 month period.

 

Doesn`t Logan move before Ipswich? What about same reports but on 20/30 years? Unfortunately I don`t have access to Corelogic, what`s about Ipswich?

 

Check out 78 ellen st kingston fully renovated with 7.4 percent yield at asking price.

 

Another illegal 'granny flat'? Obviously not legal height downstairs. The house is unlikely to be covered by insurance if there are beds downstairs and there is a fire. Advertising it as a 5 bedroom is high risk!

This highset home features:

- Freshly renovated throughout
- Three bedrooms upstairs, with ceiling fans
- Generous lounge with AC, dining and kitchen
- Stunning renovated bathroom with free standing bath
- Separate living granny flat downstairs with two utility rooms, bathroom, and kitchenette
- Large yard for children to play, fully fenced, shed, and carport
- Solar hot water and solar panels
- Peaceful and private living

78 Ellen St, Kingston, Qld 4114

 

I was thinking the same about the land available in Logan area. My preconceptions of Logan aren’t great. I went to Ipswich last week and really liked the suburbs on east to the city area (Newtown etc). Its seems quite affluent.
Saying that, it looks like the numbers stack up better in Logan. I’ll go for a drive this week and have a look around.

 

I like Newtown and surrounding suburbs but for me I feel Logan is a better more central location. If your tenants live in Logan they have easy access to Ipswich, Gold Coast, Brisbane and Redlands for work.

 

Any feedback on Kin kora?

 

Kingston one has better value. The land itself $220k. You may offer public tustee $210k with no finance clause.

Oops... under offer

 

Thanks for the reply. I meant on the suburb kin kora?

 

No sorry ,i think the hard part would be finding a tenant ..imho..

 

I agree with you about the location of Logan. Not sure about demographics though. Im a bit worried about the level of risk.
Any tips on where to stay away from. In Logan Central area. I’m looking for a high set, mid 200k, do a renovation to maximise yield, I’d pay a bit more for a big block with granny flat potential.

 

Just look for the best deal you can find where you can add value and increase the yield without too much renovation

In general stay away from busy roads unless there is a good chance of a zoning change.

 

@My House QLD QLD

Ooops,I should have included this in my previous post.
There is no granny flat.
The height downstairs is not legal but from what I have heard they have made the disclosure about it to the insurance company and they are paying higher premium.
(Of Course, I cannot guarantee the information).Other property managers have confirmed after viewing that it would rent for 450-470/week even when advertised legally as it is very well renovated.
Although,the listing price is 369K they will offload for around 345K mark so thats a much higher yield close to 8%.
I have also heard that there are some B&P issues and one of the previous contract had fallen off as the buyer was asking further discount.

Cheers,