QLD Indooroopilly

Hi everyone, i am looking at Indooroopilly as an investment option as it is close to the cbd, and has a very good school in the area. Some homes in the area are selling for 2M plus whereas there are weatherboard homes in certain parts selling in the 800-900k range. Would anyone familiar with the area kindly advise on why there is a huge difference in the price? Would these weatherboard homes in Indooroopilly serve as a good investment? Really appreciate any feedback on this

 

Some are in flood prone areas - when I was looking, a lot of homes less than $1m were on the flood zone map

 

Thanks i guess that’s why there is a price difference, will take note of that.

 

I don’t think you will find a freestanding home in Indooroopilly less than $1m now unless on a major rd or very close to the freeway etc . What is your max budget ? I can recommend some other suburbs in the area once I know that

 

Hi patrick, thanks for responding, ideally 850k but i could stretch it up to the high 800’s if i find something good.

i was referring to something like this in indooroopilly which sold 2 months ago:


45 Boundary Road, Indooroopilly, Qld 4068
https://www.realestate.com.au/sold/property-house-qld-indooroopilly-136473190

 

Yep exactly what I was saying , look how close it is to the freeway . I would steer clear of properties like that the noise would be horrific. Sadly even at high $800’s you would struggle to even get into something half decent at Kenmore now and that’s a fair bit further out . Nice suburb though if you can find something but it doesn’t have the prestige of indro

 

Not sure how much this went for but you might snag something similar if you act quickly .
https://m.realestate.com.au/property-house-qld-kenmore-137065326

 

Thanks patrick, kenmore has a very popular school doesn’t it? I will add that to my list. I am in the process of sorting out finance so it will be a few weeks before i start making offers. I also have mansfield ( good school zone) and keperra/ everton park on my mind as they are popular suburbs.

 

No worries at all yes Kenmore had good schools and is a very nice area. No train and traffic can be a killer into the city at peak hour but apart from that it’s all gravy . Mansfield I personally feel is overpriced , seems to be a big premium based mostly on the school and if the performance of the school drops off in the future I think people who have overpaid on that basis might get burned . Let me know if you find any west side properties you want a second opinion on

 

Thanks patrick, very useful info, how about something like Corinda, i have heard that it is good as well: for eg this sold around the 760k mark.


47 Deniven Street, Corinda, Qld 4075
https://www.realestate.com.au/sold/property-house-qld-corinda-137123326

 

Just some advice.. If you are looking at sold prices in say September, be aware that nearly everything has moved up a lot from even just 7 weeks ago. So buying at those prices may not be achievable right now.

You need to chat to some agents and get a feel for what sold for this week or the last, as prices are moving so quickly. Anything older than that might just lead to disappointment.

 

Corinda is good mate but many parts flood , the house above this is the flood map

 

totally agree

 

Thanks mate, based on what you have said it looks like kenmore is a good option, any chance you know about keperra / everton park and your thoughts about investing there?

 

It would be interesting if the Kenmore bypass eventuates.. that would take a lot of the pressure of Kenmore/Chapel Hill - moving it onto the Centenary Hwy, but still a big improvement. That house listed above for $799 would be great value.

 

I don’t really know Everton park / keperra to be honest , just my personal bias I would prefer Kenmore

 

Thanks mate, appreciate the feedback.

 

Kenmores a great place if you find something in your range. Lived there for 3 years during 2011 floods and it had a great community feel at that terrible time. It would help however if you can work either from home or flexible hours. Moggill Rd is a true carpark during rush hours.

I live in Corinda now and I can guarantee there is nothing under $850k out of the flood zone. You might find something in Oxley which is gentrifying fast but again, check the flood maps before you look at something.

 

Hi thanks for your input, Kenmore also doesn't have a train station, is that a concern? Do suburbs with a train station perform better than those without one in Brisbane?

In sydney thats not always the case and suburbs without train stations can perform better than those which have one.