It's had MASSIVE interest according to the REA ad and it's still listed. Something is weird about it. Has anyone been able to get in touch with the agent yet?
Already starting to sell otp apartments in those streets I mentioned in the op. Starting from $300k for 1 bedroom! 10 Timor Avenue Loganholme Qld 4129 10 Timor Avenue Loganholme Qld 4129 - Unit for Sale #126918962 - realestate.com.au
1-21 Riedel Road & 39 Fischer Road Carbrook Qld 4130 1-21 Riedel Road & 39 Fischer Road Carbrook Qld 4130 - Acreage/Semi-Rural for Sale #125644566 - realestate.com.au This is under offer. Didn't take long considering its $3.8m+. No suprise where the real estate agent is located.
There are specific members on here who hate Western Sydney and Logan/Gold Coast in fact they hate everywhere more than 10km from any city and are so naive thinking people cant make money in outer ring suburbs. What a joke. We can ignore them in this thread. Here is some recent good news for Logan investors. - 80 million in private investment funding - hundreds of millions in government infra spend. - lowest unemployment in its history - Gross regional product of 11.243 billion (quite nice figures actually). - 900 new businesses - Over 314,000 in population growth. Now the 6th largest council in the entire of Australia. LOL Logan City Council’s annual report shines a light on a city realising its potential - Logan City Council No wonder I'm seeing houses in Shailer Park, Daisy Hill and a bunch of other suburbs fetch very very high prices. Giddy up!!
27 Concorde Drive, Loganholme, Qld 4129 - Property Details Good purchase if you like motorway noise! (Very noisy there)
Yes plenty of noise around that area of loganhlme and the back end of tanahmerah. Prices usually reflect that. Usually about 50k cheaper on those surrounding streets. As an investment I don't believe it makes much difference when it comes to finding tenants ect. But as an oo I would avoid it that's for sure.
Speaking of noise, it reminds me of this place in Sydney: https://www.realestate.com.au/property/1190a-pacific-hwy-pymble-nsw-2073 Sandwiched between Pacific Highway (which is a super busy road) and backed by North Shore train line, it's really a double whammy of noise from living perspective! Hard to get in and hard to get out too and on a descending slope. I thought to myself what a terrible place to live when I was inspecting it. BUT! Have a look at the sold price...sold in 2010 for $720K, Feb 2015 for $1.6M, and Sept 2015 for $3.5M! It was bought out by developers at 2015 and now fenced to build high rise apartments. I was considering buying this place back around 2013'ish for close to $800K. Looking back I'm now seriously kicking myself Cheers, David
Sure, places on noisy roads that have development potential are a different story especially in Sydney Stock standard houses in Brisbane close to a (raised) motorway with normal residential zoning are nothing to get excited about. This one went to auction recently, only one bidder who was definitely an inexperienced buyer, kept bidding against himself went up about 60k from the opening vendor bid. Was lucky to sell for 290k. https://www.realestate.com.au/property/37-holder-st-loganholme-qld-4129
@Tom Rivera from Propertyworks has been brilliant for us. In addition he is very knowledgeable around the Logan area.
It would need to be SIGNIFICANTLY cheap for me to consider investing next to a main road/motorway. When you say you would avoid it as an owner occupier, it pretty much sums up the sentiment that there will be zero emotional appeal for the property for when you sell one day, unless you drop your price significantly for most likely another investor to take the baton.
The ones that advertise as mortgagees or some other form of distressed nature are generally a waste of time as the buzzwords in the ads will bait plenty of naive investors looking to snag a bargain. The problem is then increased competition which usually means the property sells for market value anyway (sometimes even above!). Plenty of mortgagees are instructed by banks not to advertise as such, and likewise with distressed situations. Agents are also often supposedly not allowed to disclose this info if asked by potential buyers either - keyword being 'supposedly'
Buying on a main road always has the misconception its always bad. This is not the case. If there is potential in the future for development or if it gets rezoned which usually happens closer/on main roads more frequently than a quite street its like winning a mini jackpot. imho main roads are ok and can be very good investment. A large multi-lane motorway - maybe not so good.
Just paid my council rates for mine and realised that didn't or don't charge the 0.5% fee for using credit cards So unless I got lucky, no more fees ladies and gents!!!
I'm super paranoid about forgetting the due dates. That's $20 loss for not. Being on top of it I pay as early as possible Logan city bills has always been the hardest to pay with minimal fees. Since they don't do PayPal, post ill pay and also have a counter fee if you pay at aust post
