QLD First Investment Property - OTP Chermside?

A unit is the same as an apartment imo.
If you are going to go for a townhouse make sure it's very much like a house. Go for one that is in a small complex. Large private courtyard. Leafy complex.

I recommend go for a detached house forget about multi dwelling options. $400 to 500k will get you something. There's a wide range of options. Close to rail and amenities will be fine.

 

Agree.

 

There are a million and one units/apartments being built around the Brisbane CBD ATM, once the market is oversupplied you'd find renters would prefer to live in those rather than a unit in Chermside. If you want long term growth look around the CBD or potentially outer suburbs for houses, I see a lot of properties with a estimated rental income of $350-$380 purchased for $450K, and yet if you go a bit further out you can buy on a bigger block of land for $350K with same rental return.

 

Supply and demand is a key driver for house price growth and Chermside and Brisbane as a whole is a bit over supplied with apartments which means demand for units is going to take a fair bit of time if ever to outweigh the current supply. Townhouses rarely have the same problem because they are much lower density inherently. Also, townhouses have a larger land component than apartments and you own a higher land portion than apartments which is where the real value is. Townhouses appeal to larger markets than apartments generally speaking (every area is different) because families often live in townhouses but less so in apartments. Body corporate is usually cheaper in townhouses as well.

 

4/27 Wooloowin Avenue Wooloowin Qld 4030 - Unit for Sale #124138634 - realestate.com.au

Would much rather something like this to an otp in Chermside. Walk to well serviced train station, Close to the Albion precinct for dining and in a much nicer suburb. Plus outdoor space and a garage.