Hi seeking advice on purchasing a 3 bed townhouse in Eagleby . Would anyone recommend this area ? For long term growth ?
Newly built? What’s the price point? This area hasn’t moved much in the last 10 years so I would say there has to be movement coming in the future. By how much I don’t know. Logan being squeezed between GC and Brisbane I’m on the fence about potential. Brisbane is yet to hit its straps and very much due for its time in the spotlight. GC has peaked and coming off the boil now. GC growth has put a big space between southern Logan properties and northern Gold Coast. Logan at some point is due for a catch-up.
That doesn’t automatically mean you are getting a bargain. Ignore the previous price point, it is now irrelevant. Marg
I think that’s good buying- everything is taking a discount from new in the area so it’s already taken the hit. Currently tenanted? No. Garages? No. Bathrooms? Sqm?
Said it before and I'll say it again - don't buy townhouses, units or villas in the Logan area. Has very little to no value, no demand and can't sell it when you need to. Can't add value, and cashflow absorbed by body corporate. I have not met one person who bought a townhouse in these areas that have not regretted it. Spend an extra $50 - $80k and get a proper house instead
For that kind of money the OP wants to spend. Surely there are better places to buy than Eagleby? I do want my tenant to keep paying rent, preferable not trash / take a dump in my IP.
