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

And only $100k more? The CG would be more than that by now surely. Instant equity.

 

This is the key to any form of successful sales business

 

As per @ej89 suggestion which has confirmed me about this area. I have to admit yes, I bit the bullet and have put my self forward to invest in Park Ridge QLD for a 4/2/2 new house build by Australand.

Where else you can find a property slightly above $300k with the potential of CF+ ?
as per @wombat777 has said in another thread, anything sub $350k will gain high yield easily which makes it easier to hold during the interest rate increase next few years.

As for the details, I will update you later with the new thread as soon as the house is fully built and rented out .

At least I have locked in the price of $308,500 as at this month, so the house can / should appreciate next year when it is fully build.

 

Well done! How big was the land/building?

 

4/2/2 is around 320 sq meter.

 

Well done Tekz. Hope you make a killing on it. Looking forward to the details when it's built.

 

Congratulations @Tekoz besides park ridge where else are you buying?

 

Are these packages all sold out I take it?

 

Glad you went with the 4 bedder in the end Tekoz, lots of families in that area

 

I am looking for the area in VIC namely,
Frankston and Werribee.

Is it any good ? It doesn't have to be a house, 2/1/1 apartment or townhouse would be great since I'm looking for a cashflow or high yield property.

 

Of course the stage 1 is already sold out.
So I heard they'll open the next stage in the 1st quarter 2016.

 

Well done for taking the first step, that's aways the hardest.

 

Boronia Heights is close to Park Ridge. Is it suburb worth looking at ? I am from Syd. Not sure the demorgraphic etc.

 

Is 320 m2 the house size or the land size?

 

@Angel it's the land size mate given the property price is just slightly over $300k

 

@Kangaroo when you are looking to buy existing house, then you also have choice to buy in Crestmead as well.

As for the Demographics, you can see it in the real estate investor website information here.
Boronia Heights Property Market, House Prices & Suburb Profile

 

Hi @Kangaroo here's the update from a well known trusted source Compare suburbs to uncover potential bargains as at today 5/1/2016

Crestmead vs. Boronia Heights





Cashflow wise it is clearly Crestmead comapre to Boronia Heights.

Note, I couldn't find some info about Park Ridge as this thread title suggest.

 

Hey Tekoz, how do you get to that section, do you have to login?

 

@Azazel yes you'll have to login first.

 

No worries.
Cheers, I'll give it a go.