QLD Crestmead

Discussion in 'Where to Buy' started by Yinka Dare, 30th Dec, 2018.

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  1. Yinka Dare

    Yinka Dare Active Member

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    I am currently looking at buying another investment property in the 300-350k range. I live and invest in Melbourne, but have found some good yields to be made in Crestmead. I do not know much about Brisbane, but can anyone give me more information on this suburb regarding demographics, future growth and location.

    From looking on the internet there seems to be a lot of new houses in the 500k range and the cheaper houses are older in the 300-400k range. I have about 200k deposit.

    Thoughts?
     
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  2. Closet

    Closet Well-Known Member

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    Better off focusing your research around north brisbane areas around the new uni where a lot of infrastructure is going in. Just watch out for the suburbs with high levels of investors as when the going gets tough they will exit whereas families are there for the long haul...
    Logan has potential also but stay away from the lower socio economic areas rather looking at those popular with families...it has however been saturated with investors so careful due diligence is required...
    Either way do plenty of research ☺
     
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  3. sash

    sash Well-Known Member

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    Ditto stay away from lower socio Logan. The only people making money there are some buyers agents and mortgage brokers. They seem to work like a pack.

    I have seen some really stupid stuff being done where people have bought 5 or even 6 house in these areas. They are thinking rents will stay the same....with saturation of investors eventually the yield olay will not work either. Then what?

     
  4. daKing

    daKing Member

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    Crestmead isnt bad, but as mentioned above, you will get more growth in the north at least in the short to meduim term
     
  5. Daz1979h

    Daz1979h Member

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    I think the suburb is absolutely fine. I have an investment there. Steady growth with great yields. Always been rented.
    Everyone saying that Logan is an investor driven area,well guess who is buying up all the property around Petrie at the moment........yep investors.
    North and South will do well over time.
     
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  6. sash

    sash Well-Known Member

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    Agreed Petrie and Kallangur is investor driven.

    Better places would be Redcliffe suburbs ...older and require work...but more capital growth.

    I don't think the Logan lower socio will perform as much a people think. Have a look at what happened to Mt Druitt...if you did not get out....
     
  7. Daz1979h

    Daz1979h Member

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    I hope your right! I have one in Scarborough,but I’d say my one in Crestmead has performed a lot better taking into account yield as well.
    I suppose,like Mt Druitt,you have to know when to get out of that market if any growth does occur. I still think people who bought in those areas haven’t done badly at all......
     
  8. Yinka Dare

    Yinka Dare Active Member

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    So is Crestmead considered part of Logan? I’ve heard conflicting reports mainly from mates in Melbourne.

    What suburbs in the north of Brisbane have the potential for good CG in the next few years?
     
  9. Noobieboy

    Noobieboy Well-Known Member

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    My thoughts: Bald hills, Petrie, Bracken ridge. Maybe, maybe Redcliffe.
     
  10. datto

    datto Well-Known Member

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    Why not try Mt Druitt?

    Prices are down and by the next boom multiple growth figures are possible.
     
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  11. Greg McDonald

    Greg McDonald Active Member

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    Yeah stay away from Logan. lol
     
  12. Marg4000

    Marg4000 Well-Known Member

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    “Considered” has nothing to do with it.
    The Logan LGA area has clearly defined boundaries, as does any Council area.
    Marg
     
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  13. willair

    willair Well-Known Member Premium Member

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    There is nothing wrong with Crestmead..I know several people that have lived there for over 25 years ..

    The only way to understand Logan is start at the train station at Logan central ,and sit at the shops for half an hour in the middle of the day..

    [​IMG]
     
    Last edited: 31st Dec, 2018
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  14. Noobieboy

    Noobieboy Well-Known Member

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    I guess each to their own... No matter how I look at Crestmead, other than general statements here it is rubbish area. Below some stats.

    Rank.jpg
     
  15. Noobieboy

    Noobieboy Well-Known Member

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    Also doesn't look very well compared to neighbors either.

    Rank.jpg
     
  16. Yesberg

    Yesberg Active Member

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  17. diagnostic

    diagnostic Well-Known Member

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    Would also be interested in some more information regarding those charts :)
     
  18. Noobieboy

    Noobieboy Well-Known Member

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    You can play with a similar chart here: linky
    They also send newsletters every now and then with additional charts.
     
  19. dabbler

    dabbler Well-Known Member

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    Why, do you want people to be robbed ?
     
  20. Tom Rivera

    Tom Rivera Property Manager Business Member

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    I'm genuinely surprised Crestmead is doing there, it's a nice area and definitely no Woodridge.
     
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