QLD North Brisbane

Discussion in 'Where to Buy' started by Mr Dabolina, 24th Dec, 2015.

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  1. trinity168

    trinity168 Well-Known Member

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    Is there a reason why the opinion on that said property cannot be shared on this thread, instead of a PM?

    People learn from looking at good and bad properties, more so the bad ones I suppose.
     
    samiam likes this.
  2. Mr Dabolina

    Mr Dabolina Well-Known Member

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    Agree
     
  3. rookie101

    rookie101 Well-Known Member

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    They have released another estate in north lakes angel. Yes stock land have done it again. I think its called eden brae or something. Up next to park vista. I also know they are about to build yet another north lakes ridge or similar over the other side of boundary road next to those big industrial warehouses opp bunnings
     
  4. Angel

    Angel Well-Known Member

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    Good luck building houses in an industrial estate!

    I have checked the Stocklands website master plan. The last estates are still south of Boundary Rd, all part of the master plan and that will just about completely fill the town. Barely leaves a spot for Ikea.
     
    Last edited: 4th Mar, 2016
  5. allisterlm

    allisterlm Active Member

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    Hi guys, just wasn't sure whether the initial poster was looking to buy it or not, so thought I'd message them first.

    We looked into 9 Grahams in about November last year and it had already been up for a while. When we told our PM we were interested in it, she said she had heard on the grapevine that there were B&P issues so we didn't bother.

    Then late December, I enquired with the agent to see what was happening. Apparently it had a couple of contracts crash on it over B&P. As a result, the vendors were going to take the listing down over the new year period, fix the issues and re-list earlier this year.

    I followed up in mid Jan and the agent told me some of the issues have been repaired though she still suggests doing a B&P to check for any other issues. Whether or not there are bigger issues with the property that have not been fixed, I do not know.

    I suspect people are very wary because of these B&P issues and the fact that other contracts have already crashed because of it.

    It was also originally listed with a higher asking price so the yield was not as attractive. You could get better buys with fewer B&P issues and similar yields late last year - this is why we didn't bother with it.

    @larrylarry @Golden_Lio @tegs77 @trinity168 @Mr Dabolina
     
    Last edited: 4th Mar, 2016
    larrylarry, trinity168 and Azazel like this.
  6. Azazel

    Azazel Well-Known Member

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    Exactly what I thought.
    What's the big secret?

    Edit: all has been revealed ;)
     
  7. meme plecko

    meme plecko Well-Known Member

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  8. rookie101

    rookie101 Well-Known Member

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    North Lakes will heat up again as the movies open and the rail link.
    I went late night shopping last night at Westfield north lakes, the new dining precinct was packed! Zambero just opened and people were also lined up into the carpark. We just bought an IP in Bray Park. The market is definitely moving. We missed out on a few properties
     
  9. Seal

    Seal Well-Known Member

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    We are heading up to kallangur/strathpine/bray park/lawnton next week to suss it out. We are after a house. If you are happy to share - what did you end up getting, what was the cost of reno and what yield did you get? any thoughts on different areas of kallangur?
    and @rookie101
     
    Last edited: 1st Jun, 2016
  10. Seal

    Seal Well-Known Member

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    How do i go about finding those type of maps. They look really helpful! i am going up to strathpine/lawnton/bray park/kallangur next week do look at things on the ground. is it easy to find these maps for HC?
     
  11. sunnyskies

    sunnyskies Well-Known Member

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    Was this structural issues?
     
  12. Coota9

    Coota9 Well-Known Member

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    Ripehouse | Empowering the DIY Property Investor
     
  13. Seal

    Seal Well-Known Member

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  14. Coota9

    Coota9 Well-Known Member

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    @Seal

    Not sure if it is better or worse as it's a different platform than PF as its more of a demographic profiler of an area.
     
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  15. Azazel

    Azazel Well-Known Member

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    Pricefinder is pretty good for cheap/free.
    I'm curious to try out this Ripehouse business too.
     
  16. Pash81

    Pash81 Well-Known Member

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  17. Pash81

    Pash81 Well-Known Member

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  18. GSD

    GSD Active Member

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    I'm looking through RE.com and find many properties are vacant. Many are dressed up giving the appearance of it being lived in.

    6 suburbs are almost at 5% vacancy rates, most of the others are around 3% or below.

    Anyone know what it's like on the ground? should i be concerned?
     
  19. Angel

    Angel Well-Known Member

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    Where are you talking about?
     
  20. GSD

    GSD Active Member

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    The high vacancy rates are

    North lakes, mango hill, griffin, murrumba downs, kallangur and dakabin

    I am however preferring areas 10 - 20 Kms around 500k and along the rail