Hi guys, was considering buying a duplex in Biggera Waters. We are currently renting here and love the area. Would you consider it a sound area for investment for some short term gains to produce equity and decent long term CG? Thanks!
I used to live around the corner at Runaway Bay, which is a similar location, but different demographic Biggera and Labrador has had a bunch of new unit development, and fair bit of infill new duplex development. Its had 10 % or so grwoth in the last 2 years according to residex, who also ascribe a 1 % to 2 % growt rate for the next 5 to 8 years. Obviously if those numbers are remotely correct...........and apply to a newish ?? duplex, then this wont help your goal ta rolf
It's an interesting area. There's been every indicator that it should grow, but it hasn't. My personal feeling is that a detached house in that area would be a great pick, but with an enormous predominance of units, townhouses and duplexes in the area- they'd be an average pick.
It's near Harbour Town and not too far from the water which is good but there's a lot of development happening in the area so consider the supply side of the equation as well