QLD Logan Property 2017

Any feedback on Vale Estate Holmview and suggestion on similar or better opportunities?

 

Holmview won't have hte same transport woes as out towards Jimboomba, yarrabilba and all those new developments.

 

Thank ýou @boganfromlogan . Have you guys heard of Bellbird park and Pallara? What are your views? I am still learning about Brisbane, so thanks in advance for your advice and patience add I keep throwing names on the forum.

 

Bellbird Park is considered the nicest part of that East-Ipswich area, but it's expensive as a result. Fewer and fewer good buys around for new.

 

Tom ive noticed the logan market been pretty quiet lately less buyers interested?

 

It pains me to admit it, but we have definitely seen a slow down this year.

 

Any drivers behind the slowdown? Which areas are popular this year?

 

im thinking it will bounce back by the end of the year/early next year

 

i would say lending crisis has slowed down all markets and unsureness in the property market all around
plus not much new stock hitting the logan market lately

 

I hope so! I'm still picking up steady business from clients purchasing in the area, but the homes are harder to rent than they were 12 months ago.

Our building side hasn't slowed down at all, but investors only make up a small percentage of our clients, so we're a bit insulated from market movements in that respect.

 

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ahh huh i see, and rent prices stable or being forced to drop a bit? i noticed theres a fair bit of variation in rents with similar property and distance?

 

Houses without unique attracting features have definitely dropped, across the board.

 

okay yep makes sense, thanks for the on the ground info

 

Strict lending is hitting all markets. If you cant get lending well that's obviously going to put a dent into the property market.

Lending will ease up sooner or later. Its hitting the button line of many financial institutions. In saying that though I just refinanced from Pepper to Suncorp. Fairly easily actually.

 

On the ground? Business as usual. Good properties, well priced still going lightning fast. Rental markets slows down as always around this time of year so expect a longer vacancy. Most of my clients still financing through CBA....a range of clients from those starting out to those with several properties under their belt already. From what I can see, "strict lending" has been more of a media hype than reality, and in some cases, lending is actually easing.

Stick to the fundamentals and numbers and you'll be fine!

 

Some reasonable priced high sets

78 Waratah Drive, Crestmead, Qld 4132. high set for 275 k

Highest for 260k 20 Paperbark St, Crestmead, Qld 4132

The do need some cosmetic work

 

Cant you check from the land value and build price/sqm plus the bank vals that you are buying overpriced stuff.Just wondering.

Thanks

 

It seemed to be a good purchase after all haha.