Moreton Bay region or Logan Region

I'd preference buying for location over newness... you can always knock down an old house (as long as its not heritage listed!) and build new in its place, but you can't change its location. Remember, worst house best street beats best house worst street. And besides, in a few years time, your new house won't be new anymore.

 

OK.. Then suggest some areas plplea

 

I am not the best person to talk about specific Brisbane areas, but there are plenty of posts in the Brisbane thread naming areas you can consider.

 

Make sure you check vacancy rates where you intend to buy. Be careful if the vacancy rate is more than 2%.

 

2%? Most of Brisbane is more than 2% from when I last looked and plenty of good suburbs (5-15 km) between 3-4%. I wrote a reply to someone mentioning that 2.7% was high (which it is not). Anything around the 3-3.5% is fine for vacancy.

There was also an article on RE not too long ago about vacancy rates. They seem to view that around 3% give or take a few decimals is a healthy rate.

 

Your new house will not be new next year. Unless the increase in land value can offset the decrease in the value of the building you might find yourself going backwards for a few years.

 

Hows Heathwood area?

 

And Hemmant?

 

Heathwood is a lovely area. It sold very well when the prices were under $500,000 but has slowed a little since they've continued to rise. Best priced new land under Brisbane Council. I'm not sure about Hemmant.