QLD Kallangur 2021

765m is a decent sized block as well. Great result!

 

It’s exceptionally hard to find anything under half a million that doesn’t need at the very least $30k+ work done. Most 3 bedder properties that need nothing major done seem to start around the $550k mark now. Decent 4 bedders seem to kick off towards the $600k mark.

 

This was a great 4 bedder purchase for $550k

Sold House 43 Rosebrook Street, Kallangur QLD 4503 - Sep 10, 2021 - Homely

Having a pool, it’d be good OO buy. Great outdoors area. The property just need a new fence, it’s looking a bit old. There is still the odd steal out there.

 

I purchased one of these I'm very excited about Kallangur - this is such a great thread! We started looking in April and we kept having to go further and further out of town - we almost took the hit and settled for a ~400m2 block, not a fan

 

Market is nuts, we were getting outbid for every house and we were way over bidding ourselves! A lot of these places selling for cheap end up having so many structural issues or there's a cash buyer which knocks everyone out of contention. We ended up getting over it and overbidding just to secure a place - I completely agree with you, there's going to be HUGE growth over the next 10 years.

 

I'm from NZ and after seeing the property growth there and watching NSW and VIC, it feels like a no brainer that North-Brisbane will follow similar trends. With all the infrastructure and jobs in the area + arguably the best weather in Australasia, it's almost too obvious

 

“'The Mill' is set to generate $950 million for the Queensland economy and could support more than 6,000 jobs by 2036 in fields such as education, technology, health and research.”

Source: Queensland's Petrie Paper Mill Precinct Gets PDA Status

That’s 6000+ professional jobs planned for the Mill PDA over the next 15 years. 6000 professionals... that will want to live locally, and not deal with Brisbane CBD peak hour traffic that’s becoming increasingly worse. Think about that, and you’ll see the long term value of your investment

 

Wow. Listed as “offers over $545,000”. Someone got lucky with a $550k bid

 

Agreed!

 

The 6,000+ professional jobs will greatly assist with the gentrification of Kallangur & Petrie ...

 

“Aligning the council’s vision to elevate the region economically by diversification of investment attraction, Millovate successfully engaged regional interest from advanced manufacturers considering locating at The Mill at Moreton Bay.”

“Millovate is now extending the opportunity to national advanced manufacturers (robotics, medical technologies, microelectronics, Information Technology, pharmaceuticals, food processing, through to textiles, plastics and renewable energies).”

“Moreton Bay region is determined to attract new investment that will provide a high level of value to our economy, create employment and opportunities for our community, with the embracement of industry advancement across advanced manufacturing, food and agribusiness, tourism, sport and major events, and knowledge, innovation and entrepreneurship.”

Source: The Mill at Moreton Bay Attracts Advanced Manufacturers (6/9/2021)

 

Next 10 years should show a huge spike in the area, it looks like everywhere Narangba and down is going up rapidly at the moment - don't think it's near hitting peak numbers yet.

 

What do you think will be the impact on areas like Morayfield and surrounds?

 

The further north the more land that’s available. I think Lendlease have a massive development coming on board soon, called The Pines

 

Caboolture West is going to be huge too - check out the file I attached. This will boost areas in Caboolture, Morayfield, Burpengary and Burpengary East.

You really can't go wrong in North Brisbane at the moment.

 

https://www.realestate.com.au/sold/property-house-qld-kallangur-137092562

So 600k for 3br 1ba in Kallangur now?

 

I honestly think people are just buying to the limit banks are willing to lend them, no matter the property. When you're looking for a place for 6 months and prices keep increasing and you keep getting outbid, it calls for desperate measures.

 

Congratulations on your purchase. Is this a place to live in or investment?

 

A 750m block is a tad larger than the standard 600-650m block. Regardless, a great result for the seller.

 

To live, still early on the home ownership journey but getting stuck in.