Investing in Ormeau. Brand new vs existing house

Discussion in 'What to buy' started by Mimi23, 14th Feb, 2017.

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  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    as a local .............

    Ormeow .............. why ?


    ta

    rolf
     
    Rolf Latham, 16th Feb, 2017
    #21
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  2. dabbler

    dabbler Well-Known Member

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    Hey Simon....

    LOL funny this thread and what your saying, a few friends just left for a trip to this area from Sydney, they are buying (new houses) but they intend to move there....

    When I was being told about it, I said...."where"
     
    dabbler, 17th Feb, 2017
    #22
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  3. dabbler

    dabbler Well-Known Member

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    Cause there is a few good local brokers to get things across the line.... :p
     
    dabbler, 17th Feb, 2017
    #23
  4. Mimi23

    Mimi23 Member

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    Hi,
    After 2 wks I received my $1000 deposit. Phew very lucky. However, their mortgage broker is stuffing me around & has not cancelled all the loan application. Had to make a formal complaint. The broker was rude to say the least.
    Back to the drawing board. Thank you for the advice. Now, I am tossing between Ormeau & coomera. I have a good deal atm via property agent for $470K h&l package. Which is way better than $526k for a similar house. Thoughts????

    Coomera I chose because it has a lot of infastructure happening but its a high density area. Ormeau is a quite area compared to Coomera but close enough drive to the main hub/westfield & train station & motorway.
     
    Mimi23, 15th Mar, 2017
    #24
  5. Mimi23

    Mimi23 Member

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    Why not????

    In my opinion, Ormeau is a nice quiet area. Away from high density Coomera but close enough to drive. I liked the feel of the suburb & the development. There will be a small shopping complex & community centre to be built in the future.
    Its in the middle between Brisbane & Goldcoast. Easy access to freeway.
    Good reviews of the schools & community reviews which indicates the standard of ppl living there thus will get high %percentage of good tennants. More owner occupiers live there than renters which is also a good sign.

    Feel free to tell me different since your a local.
     
    Mimi23, 15th Mar, 2017
    #25
  6. Tanya1335

    Tanya1335 Well-Known Member

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    I have heard several tims of interstate price verse local price. It sounds like you have done your research and found similar prices
    Exactly
     
    Tanya1335, 7th May, 2017
    #26
  7. Crido

    Crido Well-Known Member

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    Did you buy in Ormeau Mimi23? If so. how is it fairing? I'm being spuiked a 4x2x2 brand new h&l for $530K east of the M1. Looks like a good area and investment, but so did my last venture ... which wasn't! Thoughts? Anyone?
     
    Crido, 29th Nov, 2018
    #27
  8. hammer

    hammer Well-Known Member

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    I'm sure the Ormeau place is lovely but for 530k you can buy muuuuuuuuch closer to the Brissie CBD. Maybe even middle ring. As an investment that would be a way safer move and far more likely to grow over time.
     
    hammer, 30th Nov, 2018
    #28
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