Ipswich vs Deception Bay for Growth - 3 bed house 300k

Stuck between a 3 bed house in Ipswich or in Deception Bay.

Both areas seem to be close to cash flow neutral but my objective is to chase Capital Growth.

Deception Bay is 36km to CBD
Ipswich is 42km to CBD

Both have strong population projections, average wage is higher in Ipswich (46k vs 42K in 2011), vacancy rate is 2% in Ipswich and 0.9% in DB.

Median is lower in Ipswich so you can get a nicer property for the 300k budget.

Not to keen on all the problems with flooding and ground movement in Ipswich and like the idea that Deception Bay is close to the water.

Would love to know the local stigma on both suburbs and what the thoughts are for Capital Growth.

 

I made that decision last year. Decided to buy in Deception Bay rather than in Ipswich.

Plenty of flooding issues in Deception Bay and you need to be careful where you buy.

New rail infrastructure into Moreton Bay is almost operational ( parts undergoing testing ). Parts of Moreton Bay Regional Council have also had zoning changes to allow increased population densities. Planned University campus at Kallangur is also a consideration.

Do your research into various locations along the rail link.

Ikea going into North Lakes is a plus (opens later this year). Ikea only build where there is current population or population growth.

 

With houses in both Ipswich and DBay, I'd say DBay has moved a abit already, my DBay place moved around 30% in 2 years, but I see it move even more esp when you compare with Rothwell which is 5 mins drive away, DBay is dirt cheap.
On Ipswich, I would look at the border of Ipswich and BCC (like Redbank Plains, Collingwood Park, Bellbird Park etc) which is just under 30kms from CBD, just make sure it doesn't flood.
Stigma wise, they are similar I would say, having been there multiple times that they are improving.

 

What's the rates difference between Ipswich and DB?

 

Similar. But depends on the land value.
I am paying around 350-400 pq council and ard 230 pq water supply.

My DBay place land value just rose by 15% so I expect a slight increase to council rates.

 

12 Shirley Street Redbank Plains Qld 4301 - House for Sale #122639422 - realestate.com.au

this one a bit cheaper would be a ripper of a deal!!

id buy if I had the $$$

 

I looked at this one, theres a battleaxe house right behind you (the street number deceived me at the start) so not sure if it affects development
Not a bad location in Redbank Plains tho

 

Places like that sort of make the argument about First Home Buyers affordability look obsolete.

 

I like Ipswich. There are pros and cons of each and I think both will see good growth into the future. The thing that swayed us (just purchased in Eastern Heights) was the lack of buyer competition in the area in comparison to Logan and Moreton areas. We were able to negotiate hard at the time. Things since our purchase have somewhat changed and speaking with agents in the area they are getting very busy now.

 

$242K

Out of reach for first home buyers.

Whats that about $300 a week ?
include your spouse $150 ?
Yourself and 2 mates $100 a week ?

Weak as ****.

 

Ipswich flood maps are great. Morton bay a bit more speculative.

What does this mean?

 

I'll go with option C. Logan.

 

I have a property in D'Bay...the area has alredy moved about 10-15% in the last 2 years.

I believe this area has enormous potential.....the sheer infrastructure going in the area and surrounds will continue growth. It is among the most affordable areas in MBRC.

I bought in at 235k ...and now in the low 3s.

 

Good work keep it up

 

Might be short lived for all....it looks like Labor has a chance of getting in.....already scoping opportunities in Sydney...I think the market there will take a pummeling. Brisbane not so much as it has steadily grown.

Though the silver lining is rental...I expect them to go up 5-10% if Negative Gearing is removed.

Old confucious curse of "May you live in interesting times"....come to mind.

 

Great info! Have you seen any growth in your Ipswich house since purchase?

 

My place is actually in Redbank Plains, its grew abit, bought a 1000sqm+ block on the good side of town (south of the shopping centre) for mid 200's mid 2015 now probably late 2's.
There seems to be quite a few house and land packages there, and they sell pretty well, so that should push up old stock as well especially land size for older stock are generally much bigger than those house and land packages.

 

TMT
12 shirley st
12 Shirley Street Redbank Plains Qld 4301 - House for Sale #122639422 - realestate.com.au

On initial sight -that looks like a good deal.-It isnt flood effected -
Maybe some termite issues or major repairs needed

 

This Redbank Plains property is a perfect example of the opportunities available to FHBers, large land content, cheaper than renting, extremely affordable with value adding potential.

 

Don't forget Park Ridge as well mate , it is much chceaper than Redbank Plains.