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Moreton bay

Discussion in 'Where to Buy' started by Ethantheeel, 20th Jan, 2016.

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  1. Ethantheeel

    Ethantheeel Active Member

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    I am really learning a lot from reading and corresponding on this site. Has really changed my thinking. When I first starting looking at investing in Brisbane I really liked the coastal suburbs in Moreton Bay extending from Manly through to just north of Wellington Pt. Like the look of the house and townhouses on real estate.com. Would appreciate people thoughts.
     
  2. dabbler

    dabbler Well-Known Member

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    Yep, what thoughts would you like....

    That strip is all nice, Wynnum and Manly pretty popular, Lota not as much so just yet, then Tinglapa creek is the border for next council area, where you have Thorneside, Birkdale, Wellington Pt etc

    Thorneside to Wellington is a great spot, really nice look and feel, popular for families that want a quiet existance, but I think that will all become as popular as Wynnum, Many, Lota in the near future.

    Basically all those areas are 20k from CBD to drive, all have the train line near the coast.

    Wynnum West and Manly West , Tingalpa also all popular.

    What else do you want to know ?
     
  3. flightcrank

    flightcrank Active Member

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    alexandra hills + capalaba also look like nice areas
     
  4. Natedog

    Natedog Well-Known Member

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    Grew up in birkdale, and think that strip from thorneside to wello pt is definitely worth a look. Have property in birkdale, Cleveland and Victoria pt, very tight vacancies in all 3 suburbs, and high yield in comparison to Melbourne properties anyway
     
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  5. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    They are lovely areas, with trains, laid back feel in Thorneside to Wellington Point which I love (I hope it can stay like that!) Nothing wrong with continuing onto Cleveland but its just a few more train stops away and Cleveland itself feels too busy for me. As an Investor I'd try to pick up a freestanding house on level land (800+ sqm if you can) with water views around the 500k mark. Doesn't have to be a great house but it should be sound. For OO, I'd budget up to 700k, get something in a really good position.
    While lots of people are looking up North with the Moreton Bay train line at the Redcliffe Peninsula here's your opportunity to buy on the quiet... :)
     
  6. Ripehouse.com.au

    Ripehouse.com.au Active Member

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    Moreton Bay has the most traffic/interest by investors using our research platform. #1 by a decent margin. This was logan for the first half of 2015, but as we got closer to 2016 things shifted to Moreton.

    There are some suburbs that have a strong bias towards owner occupiers but generally we see the follow suburbs as a great starting point for investor backed demand/growth in the short/med term:

    Low Socio (relative to the council area)- Deception Bay (Avoid areas of high public housing, look for the sweet spots in the south)
    Mid Socio - Morayfield + Caboolture South (Avoid O/O enclaves, new supply risks and public housing at a street level)
    Highish (Still under $500k) - Mango Hill, into Redcliffe and Griffin

    Jacob
     
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  7. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    Hi @Ripehouse.com.au,
    Is this info I highlighted in bold available to admin only or can subscribers also get access to this data?
     
  8. Mr Dabolina

    Mr Dabolina Well-Known Member

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    Jacob - It would be good if people from Ripehouse would actually return the calls of existing customers....just saying.
     
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  9. Ethantheeel

    Ethantheeel Active Member

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    I see you have a property in Victoria Point. I have a friend who has recently moved there. How is your property going and would you suggest it's a good place to by looking for a good rental yield not outrageous, low vacancy and capital gain in the next 5-7 years.
     
  10. Ethantheeel

    Ethantheeel Active Member

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    Opin
    Opinion of Victoria Point?
     
  11. dabbler

    dabbler Well-Known Member

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    If your asking me, I cannot say much, bit far away from city at the moment maybe.
     
  12. Natedog

    Natedog Well-Known Member

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    Have had the property just over 12 months, just increased the rent and from what I see if I had to lease to a new tenant the vacancy period would be negligible. I obviously personally think there's value in buying there, other may not. My holding plan is 10years approx. I bought under market value off a vendor that needed to sell
     
  13. Ethantheeel

    Ethantheeel Active Member

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    If I bought a 10-20yr old property 4 beds nice family home in Vic point and rented it for say $450 a week with a plan of keeping it for 5 yrs at least. What do you think would be out of pocket expenses and outcome be like?
     
  14. MsAli

    MsAli Well-Known Member Premium Member

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    What's the buy in price? Worth doing the cashflow analysis on the purchase to see what it will cost you per annum
     
  15. Ethantheeel

    Ethantheeel Active Member

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    Looking at a number between 390 and 450k
     
  16. Natedog

    Natedog Well-Known Member

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    If you can get a 4 bed 2 bath 15-20 year old house for sub $430k and rent for $450 per week, using depreciation it won't cost a lot out of pocket. As for how the capital growth will be 5-10 years? I am hoping it's decent :)
     
  17. Ethantheeel

    Ethantheeel Active Member

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    Think I might do it. Have found a few I like. Got a friend looking at 3 tomorrow.
    I
     
  18. Natedog

    Natedog Well-Known Member

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    Get as close to the bay as possible, further from the big shopping precinct there, but long term may be better, nice cool bay breezes :)
     
  19. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Agree.
     
  20. MsAli

    MsAli Well-Known Member Premium Member

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    Hi Natedog, what's the reason for further away from the shopping centre?