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QLD Park Ridge QLD 4125 is now in the top 10 list of fastest growing suburbs in QLD !!!

Discussion in 'Where to Buy' started by Tekoz, 22nd Sep, 2015.

  1. Tekoz

    Tekoz Well-Known Member

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    Surprising news when I look at the top 10 Fastest Growing suburbs in Australia, especially in Queensland state, Park Ridge QLD 4125, is now at number 9 :D

    Source:http://www.whichinvestmentproperty.com.au/best-suburbs/fastest-growing-suburbs
    Accessed 22/09/2015.

    Despite its far location from Brisbane CBD and negative comments regarding this suburbs in Somersoft and this forum by some people, this suburb is now proving itself as the great candidates for the best investment location for newbie investor who can only affords to spend under $500k.

    What are your thougths and comments regarding this suburbs ?

    Note: This suburbs was very popular last year due to R/E marketer in Sydney tries to introduce this area for entry level investor.

    Thoughts and comments would be appreciated.:cool:
     
  2. Bran

    Bran Well-Known Member

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    I think you should buy.
     
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  3. Azazel

    Azazel Well-Known Member

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    When I click on it:
    Median Quarterly -0.47%
     
  4. trinity168

    trinity168 Well-Known Member

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    Have you bought anything yet Tekoz? I agree with Bran, I think you should BUY BUY BUY!
     
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  5. Tekoz

    Tekoz Well-Known Member

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    I'm in the process now after paying $5k deposit.

    I will update again when it comes back with the pre approval from the bank.
     
  6. Bran

    Bran Well-Known Member

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    Hey Tekoz,

    You have been offered the same responses to the same questions that many times.
    But it seems that you and Site Manager (from another site) already know all the answers.

    "Hi All,

    I’d like to know what’s your thoughts and comments about the Park Ridge QLD, 4125
    Suburb profile: http://s000.tinyupload.com/index.php?file_id=02614947828995694945

    http://www.whichinvestmentproperty.com.au/best-suburbs/fastest-growing-suburbs –> As at today, look at number 9 in QLD top 10 suburbs.

    Because in Sydney, most of the Real Estate agent who markets the affordable H&L package promotes Park Ridge all the way up everyday, I guess it’s because of the future potential just like Schofields here in Sydney.

    personally I don’t like to invest in area that I haven’t seen it myself, but somehow according to my friend who bought it last week, it was a profitable deal that is once in a lifetime due to:

    1. For approximately $300k you get H&L package, considering the second stage is $400k, so it is surely a capital gain increase.
    2. Land size is 270 sqM (doesn’t matter as long as it has a land component, then it is always appreciates over times).
    3. Many big store names has been planned to open in Park Ridge.
    4. NSW investors are looking to buy in Brisbane, but the OTP apartment is already over supplied in Brisbane CBD.
    What are your thoughts and comments as a local Brisbane investor ?

    Is it a good place for buy and hold 5-7 years or should be somewhere else like Ipswich instead ?

    00
    0 Votes
    SiteManager

    Investing for a better future"
     
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  7. Azazel

    Azazel Well-Known Member

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    Hmm, seems you have found that there may be an ulterior motive beyond just naivety?
     
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  8. Befuddled

    Befuddled Well-Known Member

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    Enough said
     
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  9. Hanison

    Hanison Well-Known Member

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    Got to be a troll.

    Constant gee ups of OTP a new builds in sub standard areas.
     
  10. larrylarry

    larrylarry Well-Known Member

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    Great. Buy it. Exchange. Settle. Show and Tell. This way, we know that you don't just talk but act.
     
  11. TMNT

    TMNT Well-Known Member

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    and put up an ad in API magazine
     
  12. larrylarry

    larrylarry Well-Known Member

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    Why not if it's a great buy that none of us saw it coming if prediction is correct.
     
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  13. TMNT

    TMNT Well-Known Member

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    why doesnt he just buy the entire suburb????? then you are capitlising on it!!!!

    plus he gets discounts on PM fees, selling costs, plus numerous others!!
     
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  14. larrylarry

    larrylarry Well-Known Member

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    @Tekoz prove us wrong mate.
     
  15. Tekoz

    Tekoz Well-Known Member

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    @larrylarry Yes, I'm trying to mate.. i'm trying to here.

    slowly I've seen that the Suburb is now listed in the top 10 fastest growth suburbs in QLD, that's to begin with.
     
  16. York

    York Finance Broker Business Member

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    Hmm...interesting. Nice spot Az. It never occurred to me that that's what this might be. Now that you mention it. .....
     
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  17. Azazel

    Azazel Well-Known Member

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    Bran can take the credit for finding that one, I'm not on the other forum much.
     
  18. York

    York Finance Broker Business Member

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    Haha...Na mate. I bet you've read every thread on this forum. You could easily weed out the 'interesting' posts from certain members. ;)
     
  19. Azazel

    Azazel Well-Known Member

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    Hehe, I'm not that addicted.
    But I think Bran found that info which seemed very similar on another site.
     
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  20. Sequin

    Sequin Member

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    A lot of growth is planned for around Park Ridge in the new Logan planning scheme. A lot of land is available - maybe 20/30 years supply - so scarcity is unlikely.
    Prices can increase as new housing stock replaces old - with new modern housing prices.
     
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