Join Australia's most dynamic and respected property investment community

QLD Nundah. A

Discussion in 'Where to Buy' started by Whitecat, 8th Apr, 2016.

  1. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    Nundah is kind of unique in bne. Trendy. Tidy. But (all of a sudden) built up with highrises - but not in the cbd.
    It's kind if like a bne version of chatswood but not Asian.
    I see sustained growth there for townhouses and great growth for houses due to train now that is well established as a 'hub' for young professionals.
    Has everything in that 'village'.
     
  2. DiligentPM

    DiligentPM Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    443
    Location:
    Brisbane
    Avoid apartments...homes are in very high demand in Nundah
     
    Leo2413, Whitecat and Foxdan like this.
  3. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,124
    Location:
    FNQ
    Its very popular with people who work at Brisbane airport, not surprising given its proximity.
     
  4. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,226
    Location:
    At work
    My best mate just sold a house in Nundah. He doubled his money in about 5 years, but he was sitting on two titles, with a habitable second dwelling already on the second lot that would have made it a cash flow positive for about 10, maybe 20k tops. He sold it for a million instead. I tried very hard to convince him to keep it.
     
    Elives and Whitecat like this.
  5. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    It was very busy tonight with cafes and restaurants and bars. Outdoor dining etc. I don't know of any other hub like it apart from the classier James street or park(?) road in Milton.
    It's been an amazing transformation.
     
    Elives likes this.
  6. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    And it's got the Argonaut's home field.
     
  7. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,124
    Location:
    FNQ
    Good spot, I have always been a fan of Oxford st Bulimba as well. Restaurants, bars and independent cinemas with access to the cbd by citycat at the end of the street.
     
    Whitecat and Elives like this.
  8. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    yes I knew there had to be another place similar on the south side. Oxford Street would be similar but just a little bit classier. Bulimba is very expensive
     
  9. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,124
    Location:
    FNQ
    Shame that the street is vulnerable to flooding like much of Bulimba.
     
  10. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    Same with Rosalie village
     
  11. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    It seemed like every news crew was filming from the same location just down the road there during the floods.
     
  12. vbplease

    vbplease Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    538
    Location:
    Brisbane
    Park Rd Milton is terrible, imo.. There are much nicer ones around;
    Wilston village
    Stones Corner
    Racecourse Rd
    Latrobe trc
    Boundary Rd (west end)
    Blackwood st (mitchy)
     
  13. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    I agree some of those are nicer but i was referring to level of activity. It's like bar after cafe after restaurant now in Nundah
     
  14. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    New apartments yes...they are over priced.

    But if you would have bought an older apartment in 2010...you would have almost doubled your money.
     
    Realist35, Whitecat and RM1827 like this.
  15. Chode

    Chode Member

    Joined:
    1st Jul, 2015
    Posts:
    17
    Location:
    Brisbane
    After living in Bulimba, I can say I'd rather live where I do now (just north of Nundah in Banyo) when it comes to city access. Bulimba is very close to the city as the crow flys but door to door took me about twice as long to get to the Valley when I lived there as opposed to now.
     
    Lenny, DiligentPM and Whitecat like this.
  16. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    I am presuming this is because you have to take normal roads vs freeways??
     
  17. vbplease

    vbplease Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    538
    Location:
    Brisbane
    Selling for $315k now.. Sold Price for 6/23 Melton Road Nundah Qld 4012
    Wish I bought one in 2010 for $170k :rolleyes:
    No shortcuts (or freeways) from Bulimba to CBD.. traffic is hopeless..
    Gateway bridge is still a long way around and Clem7 involves heavy traffic to reach the entrance
     
    DiligentPM likes this.
  18. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    Hey at that sort of numbers I would take a few. That is 80% gain in 6 years!

    If you bought 6....that would have given 800-900k in CG!

    The stuff I bought in the Central Coast did 100% gain in 2010....also in Shellharbour.

    The others were not that close.

    For Brissie those numbers are excellent.
     
    Whitecat and RM1827 like this.
  19. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    Any example?
     
  20. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    Last time this property was at that price range was 2000. In 2009 it sold for $330k. That's not a good investment so far
     
    Elives and DiligentPM like this.