Join Australia's most dynamic and respected property investment community

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

Discussion in 'Where to Buy' started by Timwest, 13th May, 2016.

?

Ipswich vs Deception Bay - 3 bed house 300k

  1. Ipswich

    13 vote(s)
    59.1%
  2. Deception Bay

    9 vote(s)
    40.9%
  1. Timwest

    Timwest Well-Known Member

    Joined:
    11th Feb, 2016
    Posts:
    108
    Location:
    Sydney/Wollongong
    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.
     
    blackrocky and markson like this.
  2. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,449
    Location:
    33°41'24.7"S 150°55'34.3"E
    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.
     
    Taku Ekanayake and Timwest like this.
  3. channon

    channon Member

    Joined:
    18th Jun, 2015
    Posts:
    22
    Location:
    Sydney
    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.
     
    Taku Ekanayake likes this.
  4. markson

    markson Well-Known Member

    Joined:
    14th Feb, 2016
    Posts:
    310
    Location:
    NSW
    What's the rates difference between Ipswich and DB?
     
  5. channon

    channon Member

    Joined:
    18th Jun, 2015
    Posts:
    22
    Location:
    Sydney
    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.
     
    Taku Ekanayake and markson like this.
  6. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    1,397
    Location:
    Melbourne
  7. channon

    channon Member

    Joined:
    18th Jun, 2015
    Posts:
    22
    Location:
    Sydney
  8. peastman

    peastman Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    119
    Location:
    Melbourne
    HUGH72 and Hanison like this.
  9. Mick Butterfield

    Mick Butterfield Well-Known Member

    Joined:
    15th Jan, 2016
    Posts:
    408
    Location:
    Bermagui NSW
    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.
     
    Ryno and Timwest like this.
  10. Hanison

    Hanison Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    242
    Location:
    Brisbane
    $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 piss.
     
  11. markson

    markson Well-Known Member

    Joined:
    14th Feb, 2016
    Posts:
    310
    Location:
    NSW
    Ipswich flood maps are great. Morton bay a bit more speculative.

    What does this mean?

    image.png
     
    Timwest likes this.
  12. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    4,941
    Location:
    Sydney
    I'll go with option C. Logan.
     
    Special order likes this.
  13. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    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.
     
  14. Special order

    Special order Well-Known Member

    Joined:
    7th Jul, 2015
    Posts:
    211
    Location:
    Nsw
    Good work keep it up
     
  15. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    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.
     
  16. Timwest

    Timwest Well-Known Member

    Joined:
    11th Feb, 2016
    Posts:
    108
    Location:
    Sydney/Wollongong
    Great info! Have you seen any growth in your Ipswich house since purchase?
     
  17. channon

    channon Member

    Joined:
    18th Jun, 2015
    Posts:
    22
    Location:
    Sydney
    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.
     
    Tekoz and Timwest like this.
  18. Luke T

    Luke T Well-Known Member

    Joined:
    12th Dec, 2015
    Posts:
    164
    Location:
    Sydney
    Tekoz likes this.
  19. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,124
    Location:
    FNQ
    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.
     
    Tekoz likes this.
  20. Tekoz

    Tekoz Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,244
    Location:
    Sydney
    Don't forget Park Ridge as well mate :cool:, it is much chceaper than Redbank Plains.
     
    HUGH72 and hash_investor like this.