QLD Goodna performance Vs Sunny bank hills , Wavell Heights , Moorooka and Logan ...

Figures from REA investor section .

2016 Median , 2015 Median , Median at previous Peak , Median at trough since last peak , Yield

Goodna 309 , 290 ( incorrectly posted as 298 , see turk post ) , 298 , 208 , 5.2 %
Sunny Bank Hills 658 , 630 , 500 , 480 , 3.6 %
Wavell heights 649 , 630 , 480 , 500, 3.6 %
Moorooka 600 , 571, 455 , 500 , 3.7 %

So from my perspective , as an investment , goodna is out performing the others in every stat I consider relevant .

It has the highest return , so I can hold more property , so the more I hold , the more money I make . The holding cost between 5.2 ( we've actually bought at returns of around 6 % ) and 3.6 % is significant .

It has gone up the most in the last year 6.5 % , SBH - 4.4 % , M - 5 % , WH - 3.0 %

Price above previous peak G 3.7 % , WH - 20% , M - 23 % SMH 32 % . Given that most suburbs tend to double each cycle , ( I'm working on the premise that Goodna has a greater percentage to go in the current cycle and this is my observation in previous cycles )

I could also point out that if you had bought at the bottom of the market ( which I didn't ) you'd be sitting on a 48 % increase , which is higher than all the others and also higher than logan which has had around a 36 % increase so far ( I actually would have expected higher )

Conclusion ....So far I'm happy with my decision to decide to buy in Goodna .

Cliff

 

Glad to see your strategy is paying off

Soon you will be crowned as master timing lord and stats

 

I must be missing something here, Goodna's median has increased from $298k in 2015 to $307k in 2016, an increase of 3.7%, where does the 6.5% come from?

 

Turk , thanks for that

actually typo , it was 290 . Interesting that someone was on the ball enough to check .....

Cliff