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Kippa-Ring (Moreton Bay Region)

Discussion in 'Where to Buy' started by bobbyj, 27th Apr, 2016.

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  1. bobbyj

    bobbyj Well-Known Member

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    I've noticed ads showing properties now going for $390-420k+

    Towards the end of last year properties were still going for $350-380k. A good 10% rise in less than 6 months.

    I've got 2 in the area.
    Waiting to see what sort of growth we'll see once the train station is open in July (2-3months away).
     
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  2. chindonly

    chindonly Well-Known Member

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    I grew up there. Mum and dad still there. Will be interesting to see prices with the train opening up.
     
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  3. sash

    sash Well-Known Member

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    Actually if we go back to 2014...you could have bought under 300k....but you are right the whole Redcliffe Peninsula is warming up.

    As I have said in other posts....I can see mid 4s being the norm within 18 months.
     
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  4. ej89

    ej89 Well-Known Member

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    Could the price rises have priced in the fact that there will be a train station?
     
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  5. Aether

    Aether Active Member

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    Argh don't promote the suburb too much yet please! I'm still looking for a place around there and don't need even more competition:p
     
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  6. Aether

    Aether Active Member

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    Its one of the main reasons im looking there.
     
  7. bobbyj

    bobbyj Well-Known Member

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    Definitely.
    However, I think there's always speculative growth beforehand and once infrastructure has been delivered there is usually slower and more consistent growth as the flow on effects take place: commuters for work, businesses growing, close to schools etc.

    I believe the region has been waiting for this to happen for a very, very long time. (Like 50years+?)
     
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  8. bobbyj

    bobbyj Well-Known Member

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    Agreed.
    The yields and growth is too good to refuse even in this environment.
    You can still pick up positive geared properties in the area.
    As risky as I like to think I am, I'm quite conservative and will sit tight with 2 and regret later for not buying more.
     
  9. Azazel

    Azazel Well-Known Member

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    I saw nearly 100 years today.
    Seems a stretch.
     
  10. bobbyj

    bobbyj Well-Known Member

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    Good ole Wiki
    Moreton Bay Rail Link - Wikipedia, the free encyclopedia

    Early history[edit]
    A rail line to Redcliffe was first proposed in 1895 when the Queensland Government's Minister for Railways, Mr Hon Robert Philp, considered three proposals, one preferred route via North Pine (Petrie).[2] In more recent times, the Redcliffe railway was more seriously identified and anticipated in the 1970s, and the land was purchased in the 1980s by the state government.[3] This land is still owned by the government and was preserved as a transport corridor. The issue of the proposed railway line seemed to be a recurrent theme during state elections, leading to a skeptical belief by many that the line would never actually be constructed.
     
  11. Azazel

    Azazel Well-Known Member

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    There we go, 121 years later!
     
  12. Aether

    Aether Active Member

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    And people say governments are inept ...Just need a little patience!
     
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  13. bobbyj

    bobbyj Well-Known Member

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    Exactly. They delivered didn't they? Almost...
     
  14. Azazel

    Azazel Well-Known Member

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    We'll see I suppose.
    Still plenty of time to muff it up.
     
  15. bobbyj

    bobbyj Well-Known Member

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    A decent volume flood will do the trick haha
     
  16. tomlemke

    tomlemke Well-Known Member

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    Whats streets did you buy in bobby? I've got one in Mcgregor street.The tenants have been great from day one. 370p/w from a 350k purchase not a great yield but its been hassle free compared to my logan property.
     
  17. Angel

    Angel Well-Known Member

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    Wash your mouth out.
     
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  18. mini2

    mini2 Well-Known Member

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    What's the consensus of this area - is it better to be closer to the CBD (Petrie) or to the bay (Redcliffe/Kippa)?
     
  19. sash

    sash Well-Known Member

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    I believe both of these areas will continue to do well....one is closer to the CBD but not by much may 2-3 klms and the proposed University. The other has the amenities of the Bay!
     
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  20. bobbyj

    bobbyj Well-Known Member

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    Correct me if I'm wrong, but Redcliffe and kippa ring are safe in terms of flood mappings. Rothwell (south end) however, is a different story.