Join Australia's most dynamic and respected property investment community

QLD convince me deception bay is a bad idea

Discussion in 'Where to Buy' started by Brad81, 19th Jun, 2015.

  1. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    With all the water front development and the refurb of the shopping centre plus north lakes now virtually backs onto it and the train line coming to completion. Can anyone offer solid opposition to deception bay being an up and comer?
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,595
    Location:
    Adelaide, SA
    Maybe its all a deception?
     
  3. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    Haha indeed it may
     
  4. R377

    R377 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    310
    Location:
    Adelaide - Southern
    There is still so much vacant land between Deception Bay and Bris CBD. I would be looking closer in, as close to Chermside as possible. Aspley maybe.....
     
    Last edited: 19th Jun, 2015
    Inov8ive likes this.
  5. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    Yes I do agree with you in that respect but what about the virtually untouched water front that is extremely well priced at this stage. Is that worth considering versus ripple effect from the CBD which as you said is not viable that far out .
     
  6. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    5,812
    Location:
    Sydney
    Just depends when you want to see capital growth. Its too far from the CBD to have good growth in the short to Medium terms IMO.
     
  7. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    Mmmmm fair call
     
  8. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Have you been there? It's a weird place.
     
  9. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    I lived there about 8 yrs ago
     
  10. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Well there you go, you're practically an area expert. If you like it, do your research and go for it. As long as you are prepared for it to be flat for a little while, but you could say that about almost anywhere really.
     
    Brad81 likes this.
  11. See Change

    See Change Timing Lord Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    2,145
    Location:
    Sydney
    I think it's a great idea . If you're buying there you won't be competing with me where I' m buying ...:D


    But seriously , it is somewhere we have been looking at for the reasons you mention .

    At the moment the median price for deception bay is 326,250 in 2015 and at the peak of the last cycle it was 325 in 2009 , so in terms of potential growth in the current cycle , there is plenty of room for movement .

    We're looking at buying several properties in a short time ( so far we've bought four in the last month )and the easily obtainable return in deception bay doesn't match other places we've looked at , hence our reason not to buy there .

    If we were looking at buying one or two and weren't as concerned about getting a return in the mid 6's I'd be happy to buy there .

    Also anything we're buying at the moment isn't necessarily for a long term hold , and D bay probably has more potential for gentrification on a longer term basis purely due to its waterfront locations , and the cheapest are closest to the water .

    Cliff
     
    Seal, RetireRich101 and Brad81 like this.
  12. RetireRich101

    RetireRich101 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,312
    Location:
    Sydney
    Cliff, I am guessing you're buying back in Logan?
    ....or Moreton Bay area around $300k ish?
     
  13. Heinz57

    Heinz57 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    493
    Location:
    Brisbane
    Just do it. You know you want to
     
  14. See Change

    See Change Timing Lord Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    2,145
    Location:
    Sydney

    Guess again ...

    Though I'm not saying you're incorrect o_O , just not saying you're correct :oops:


    Cliff
     
  15. See Change

    See Change Timing Lord Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    2,145
    Location:
    Sydney
    It's like chocolate .

    Once you've tasted one , you'll want more .

    Cliff
     
  16. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,443
    Location:
    33°41'24.7"S 150°55'34.3"E
    Buying activity was certainly hot when I was searching for my first IP. It settles next week.
     
    Azazel likes this.
  17. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    yeah there's a lot moving very quickly of late
     
  18. WattleIdo

    WattleIdo renovating Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,821
    Location:
    Central West NSW
    What makes it weird??
     
  19. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    I have one in Depression Bay....look forward to more rises...DB owes me!! :D
     
  20. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Nice one! Let us know the details when it's all done.