QLD Kallangur 2021

Out of curiosity whats the magic number for you to sell? It seems like your in it for the long haul but if I'm completely honest with you I dont need the Kallangur, Petrie, Bald Hills, Bracken Ridge, Strathpine, Lawton houses to go to $1M each.

If they even reach $600-$700k which is very very real possibility in the very short term well offloading 3-4 of them will allow me to pretty much pay off all of my Sydney properties and retire. We bought them all at such low low prices and I know you did too. Even at $600k I think you'd be close to doubling your money right.

In saying that I always feel that if I sell before the Petrie PDA is completed I'll regret it bigtime.

 

Yup, I totally agree, I wouldn’t sell until the Petrie PDA is completed, which is approx 2030. There’s no major renovations I need to do to either my Kallangur or Petrie properties for at least the next 10 years, just general maintenance, so I can just leave them on cruise control for the next decade. Because they are now positively geared as well, as their rental value continues to increase, so does my early retirement fund.

As long as the rent I can charge continues to align with the property value increase, I’m happy to hold on for 10-15 years, then retire in my late 50’s. That’s my current strategy, and so far all good!

 

Excellent very happy for you man. The prices are indeed getting very very attractive for me, but then in the back of my mind once all the developments are finished and if these places go north of $700-$800k well I'd kick myself.

Lets see what happens by the end of 2021 or mid 2022. If these places start fetching $600k+ it might be time to reward ourselves a little no? - I want to contribute to the economy and buy myself some nice shiny toys.

 

Lol, as much as I'd like some nice shiny new toys soon (I really want a Mustang GT), my main focus is retiring really early. I'm 39 now, and have no intention of working after the age of 60. The problem is, the government probably won't let people touch their Super until 67+ by the time I retire, so I'm getting all my ducks lined up now for some sweet, sweet residual rental income.

 

Sold 24 Seabiscuit Crescent, Kallangur QLD 4503 on 06 May 2021 - 2016901358 | Domain

$564k on a 600m block.

It is a Duplex, so keep that in mind.

Regardless, slap the fat and ride the waves!

 

I've only got the one in Kallangur so let me know when they hit $3m and I'll do the same!

 

Sold 64 Benham Avenue, Kallangur QLD 4503 on 07 May 2021 - 2016949715 | Domain

Sold for $603k on a 419m block. That’s a very small block for a duplex.

Wait ‘till stage 2, and more importantly 3, of the Petrie PDA is complete.

You ain’t seen nothin’ yet people.

 

Established standard 3 bedder sold for $510k.

Sold 40 Kent Street, Kallangur QLD 4503 on 11 May 2021 - 2016995212 | Domain

Ain’t no party like a K-Town party coz a K-Town party don’t stop.

 

Sold 8 Able Street, Kallangur QLD 4503 on 13 May 2021 - 2016965634 | Domain

3 bedder sold for $572k on a 597m block.

Utterly phenomenal. People lie, but the consistent data doesn’t.

Kallangur is utterly smashing it.

 

Wow. That is an excellent outcome. I'm loving it.

 

3 bedder on just 420m sold for $470k.

Sold 29 Diane Parade, Kallangur QLD 4503 on 18 May 2021 - 2016983374 | Domain

Incredible to see 3 bedders on small sub 450m blocks selling for just under half a million, while established properties on standard 600m blocks are smashing well past the $500k range.

 

Just 10% up from a year ago.

 

Sold 12 Elsie Street, Kallangur QLD 4503 on 25 May 2021 - 2016917959 | Domain

Established 2 bedroom sold for $465k.

 

Big land though. In saying that not a bad price achieved at all. I'm not seeing any slowdown whatsoever in Northside Brisbane. David Deane who I use as my RE - their sales guys keep calling me asking if I want to sell.

I'll be tempted if these places move another $150k each house. Fingers crossed by end of 2022 we get there.

 

I think if it had been a 3 bedder instead of a 2, it would have easily smashed past the half million mark. Pretty rare to see any 2 bedders on a decent sized block, anywhere.

If I had been the owners, I would have added 2 extra bedrooms to bring it up to 4 in total, then listed for offers over $570k.

 

I can’t believe this dump sold for $412k on a 541m block. Only 1 pic, from the outside, and it looks like it needs a bomb dropped on it.

Sold 19 Aquarius Street, Kallangur QLD 4503 on 19 May 2021 - 2017021127 | Domain

 

Established 3 bedder on a 627m block sold for just under half a million.

https://m.realestate.com.au/sold/property-house-qld-kallangur-136287838

 

How quickly are we expecting capital growth to occur here? Is it too late for new investors to hop onboard now?

 

Its rising rapidly as the weeks go by. I still think its going to keep going throughout 2021-2023. Still plenty of money to be made if you enter now at a good price. Buy something that needs ALOT of work and do it yourself.

If you buy renovated you'll be paying premium just like anywhere else.

 

Average established block size in Kallangur is around 620m.

Bottom/entry level of established homes in Kallangur is now low 400's.

Sold 19 Aquarius Street, Kallangur QLD 4503 on 19 May 2021 - 2017021127 | Domain

Mid level established 3 bedrooms are $460-500k.

Decent established 4 bedrooms are $500-550k.

Premiums are $550k+.

There's a massive jump in what you get from $400k-$500k. $400 just gets your foot in the door, but the door is probably falling off.Many of the low end properties will need substantial work ($) to bring them up to a decent standard.