QLD Geebung - my thoughts

I was reading on here someone's recommendation about buying in suburbs where the median price is at least 5 to 10% less then adjacent suburbs.
That is most definitely the case with Geebung. Compared to Wavell heights. What I like about it is there are pockets that are more or less adjacent to the park and Chermside mall. So close. From my point of view that should bring some good future growth. Chermside mall is only getting bigger and bigger as a satellite hub and they continue to build apartment blocks next to the mall. There are houses available there in pockets of Geebung that are high set houses on decent blocks of land. I saw one a few weeks ago and was going to post it because it looked like a great deal.
For me in Wavell it's a solid walk to Chermside mall. Just a bit too far to walk comfortably with shopping so I've always liked that little pocket in Geebung.you have everything you need at that chermside hub.
I have a different investment agenda atm but for those looking in Brisbane I think it's an area worth looking at. API did a feature on it not that long ago.

Median price geebung $470k median price Wavell $630k

 

I think realestate.com.au also said something about that not too long back...adjacent suburbs quite a bit less than neighbouring suburbs are primed for some cg due to ripple, lower base and thus potentially higher % cg and those with some flexibility that are willing to save good $ by being in adjacent suburbs. I dont know about other cities, but those are all over brisbane...the example you pointed out, clayfield to ascot, carina to camp hill etc

 

Keep in mind the size of the two suburbs as both cover quite a large area. The top end of Geebung is about 5km away from the bottom end of Wavell Heights with the bottom end of Wavell Heights being a fair bit closer to Brisbane CBD. Even within those two suburbs there's variation from one end to the other.

 

Also keep in mind how it's performed recently.
If it's already well above its previous peak and has had a lot of growth recently, just because it's still below an adjacent suburb doesn't mean it's automatically going to increase.

 

Not to mention Geebung also is next to places like Aspley. Geebung should be a lot cheaper than Wavell.

 

Why, is there something wrong with Aspley?

 

Not really just a mediocre outer suburb. While Wavell borders the likes of Wooloowin, Nundah and Kedron. It's a much nicer area much closer to the city.

 

But it's got a Hypermarket - a HYPERMARKET!?!

 

More on Aspley,

6 suburbs to boom in the next 6 months

 

I actually just read this from there as well, coincidence.

 

Great minds think alike.

Aspley/Geebung was an area I had much interests on when I first started looking at Brissy. We got 2 now, and contemplating if I should get one more, depending on serviceability, will be a cheapie and with good yield.

I've always wondered about the price variations on neighboring suburbs. Will post more later as I am at work and can't help myself from browsing the forum every so often.

 

Or mediocre minds

Are you looking to have them all in the same area?

 

I've got one in Bracken Ridge, one in Manly West. I'd like to think am not fussed about having them all in the same area.

I'll put a hypothetical budget of $300K this time around, since I know we are close to hitting serviceability wall. I've got North vs South Brissy to choose from ( big scope! ). Inland (west) brissy can be a dark horse.

 

south and east will be the star performers in Brisbane.
West and north will be close behind.

 

Did the author di any research.
I think Aspley is a good investment its really changed and is close to lots of services shopping etc but notice what he says about the caravan park. He doesn't realise that caravan park is the most hardcore caravan park in qld except for mudgereeba. Tradies go in with police escorts. Everything surrounding it is nice though it's just holding out there as a halfway house for newly released.
No one uses it as a holiday park lol

 

I was going to talk about the caravan park then I remembered there are two parks. I believe the scary one is behind Officeworks. Is that right? The residents stare at us out when we go there.

There is another one further east near the high school, it seems better from the outside. But then who in their right mind would go to Aspley for a holiday? It is an hour to Caloundra and about 45 minutes to Bribie Island.

 

Is it this one Angel?

( Am going to buy me ma a caravan -- brad pitt in lock stock and two smoking barrels )

 

I think the same thing when I drive South out of Sydney towards the South coast, past the caravan park in Engadine. Come on kids, going for a holiday...

 

Google

 

Geebung and Wavell Heights are recommended as good options in this month's Herron Todd White review