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QLD Not to buy SE Qld ???

Discussion in 'Where to Buy' started by gtr, 9th Aug, 2016.

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  1. gtr

    gtr New Member

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    Firstly im a long time lurker now 1st time poster .Currently live in Bangkok (13yrs) as i run a small business here and looking to invest up to 600k into a property in SE Qld .Instead of looking for positives into the following areas could you give some negative feedback on why etc .Ill actually be heading back to Oz for a period of 5 weeks to gather info from personal view as well as agents etc.Looking for cash flow for a period of 2 - 3 yrs before i move back and then will become my PPOR. The areas in interested are --
    Gold Coast -- Robina / Varsity Lakes / Mudgeeraba (House or Townhouse)
    Brisbane -- Annerley / Greenslopes / Norman Park ( Townhouse)
    Sunshine Coast -- Buderim / Peregian Springs / Caloundra (House or Townhouse)

    Thx in advance
     
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  2. New Town

    New Town Well-Known Member

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    Sometimes it rains
     
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  3. cherubym

    cherubym Well-Known Member

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    The weather is not as warm as Bangkok.
     
  4. wylie

    wylie Moderator Staff Member

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    That is not an easy question. Such diverse areas and different types of housing mentioned means you are comparing apples with oranges.

    Where do you want to live when you come here to live? That would be the first way to narrow your search.
     
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  5. euro73

    euro73 Well-Known Member Business Member

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    You really need to spend time on the ground in each location and decide where you would prefer to live, especially because thats the end goal - to use it as your own home.
     
  6. Luka

    Luka Well-Known Member

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    If you go interstate or overseas, you might embarrassingly get asked if you're friends with Steve, Pauline and Sir Joh
     
  7. Bran

    Bran Well-Known Member

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    Annerley/Greenslopes/Norman Park can be very different suburbs from each other, and very different within themselves. I wouldn't consider this part of the city to be cash flow investments. I'd try stretch a little further into a house, or maybe look a little further out, for a house. My 2 cents. Townhouses are few and far between.
     
  8. Acuarela

    Acuarela New Member

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    Agree with this 100%. They are other areas a bit further from Brissie CBD that will be potentially better for cash flow, especially in houses when comparing with those areas you've mentioned with townhouses. Cheers
     
  9. Azazel

    Azazel Well-Known Member

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    Townhouse.
     
  10. Richard Williams

    Richard Williams Buyers Agent - Southeast QLD Business Member

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    Gold Coast -- Robina / Varsity Lakes / Mudgeeraba (House or Townhouse)
    House prices are strong there at the moment, no bargains as such... even units and townhouses.

    I'd look at Southport, try and pick up a house, over time I think you will do well. The second stage of the light rail is under construction and the International airport is a good bonus to have there. And some of the best beaches going :) not to mention the climate.
     
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  11. JDP1

    JDP1 Well-Known Member

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    The areas you mention span from gc to Brisbane to Sunshine coast and are very different and have different drivers for growth as well as cash flow. Remember that seq is not like Sydney where similar market behaviour exists for closeby suburbs. Over here, there has and will likely be a fairly big variance even in closeby suburbs. Gc and Sc are totally different to Brisbane..despite all 3 essentially being disparate country towns in their own right.
     
  12. Azazel

    Azazel Well-Known Member

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    Is it a bit too late for Southport?
    Seems to have moved a bit.
     
  13. Richard Williams

    Richard Williams Buyers Agent - Southeast QLD Business Member

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    Definitely moved a good amount however the OP said he has 600k to spend and you might get a house with development zoning for around that money... Depends on his time frame.
     
  14. WallyB66

    WallyB66 Well-Known Member

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    Agreed with above- v hard to get any cash flow from greenslopes, norman park etc. They have some nice pockets, close to CBD and probably good CG prospects over medium term. They get a tick as good PPOR and CG but not good cash flow as a buy and hold. Good luck, Wal
     
  15. Azazel

    Azazel Well-Known Member

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    It's a good spot. I had another look last year, but haven't looked again for a while.
    A bit out of touch.
     
  16. Elvis1

    Elvis1 Well-Known Member

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    Hey
    hey guys I've noticed a couple of cash flow properties north of Logan around 10% townhouses , I understand it's around Logan but does that sound about right , meaning would you find any in other better locations with a moderate growth? I would like some opinions , as I need it to increase my borrowing capacity ??
     
  17. dabbler

    dabbler Well-Known Member

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    Yes, the units around the Logan area usually have high yields.
     
  18. G TOWN

    G TOWN Well-Known Member

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    Out of the areas OP listed, it's hard to go past Buderim. Gorgeous.
     
  19. Azazel

    Azazel Well-Known Member

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    What are the body corporate fees?
    Can drop from 10% pretty quick.
     
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