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Pimpama

Discussion in 'Where to Buy' started by Ethantheeel, 18th Jan, 2016.

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  1. Ethantheeel

    Ethantheeel Active Member

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    I would like people's opinion on the Meadows Estate Pimpama. Thinking of buy a house land package in this estate as an IP.
     
  2. MsAli

    MsAli Well-Known Member Premium Member

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    A lot of land around those areas!

    @Ethantheeel - what's the reason for choosing Pimpama? What's your strategy? What are the growth drivers in Pimpama?
     
    Last edited: 18th Jan, 2016
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  3. Ethantheeel

    Ethantheeel Active Member

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    Area getting a lot of infrastructure. Population forecasts. Appears a nice place to live. Approximity to both Bris and GC. Capital growth should be good over the next five years.
     
  4. MsAli

    MsAli Well-Known Member Premium Member

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  5. Bran

    Bran Well-Known Member

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    In the same category as Coomera, Upper Coomera, Pimpama (Park Ridge, Yarrabilba ;) ). Land stretches from Brisbane to Gold Coast. But this doesn't fit my strategy so I've never really looked in detail. I don't know anyone who would live down there and commute into Brisbane, and if one is going to live near the Gold Coast, then live nearer the Gold Coast. Short-sighted, but traffic is only going to get worse and distances further.
     
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  6. Biz

    Biz Well-Known Member

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    It's pretty quite there all year until July when the Running of the Bulls kicks off.
     
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  7. Bran

    Bran Well-Known Member

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    Lol

    There is a kick ass outdoor go kart track in Pimpama.
    I think go kart tracks are a sign of excess land supply. There are two in Pimpama
     
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  8. JDP1

    JDP1 Well-Known Member

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    I would agree with this. Cant see a lot of cg in short and med terms. Brisbane and gc would have to both grow a lot before you see higher cg there...and that will be long term. Probably not too shabby long term hold as long provided the property has lots of land and easy access to trains/pt either way to gc and brisbane. But those that do would likely be already higher priced in which case might ask yourself why not just do brisbane or gc itself at that price...and realize quicker cg.
     
  9. Mr Dabolina

    Mr Dabolina Well-Known Member

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    Who told you that ?
     
  10. Azazel

    Azazel Well-Known Member

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    Yeah, would rather live closer to one or the other.
    But there might be people who like it.

    It's a hell of a day out.
     
  11. Bran

    Bran Well-Known Member

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    First you build the houses, then you try and get the infrastructure (i.e. If you build it, they will come)
     
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  12. Ethantheeel

    Ethantheeel Active Member

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    I
    I'm reading lots of sales pitches from various building companies and developers. Just getting bogged down and very confused about what I want to do and where to buy in SEQueensland. Not sure to buy new or old. My finance guy wants me to buy new to get depreciation but I am not sure.
     
  13. MsAli

    MsAli Well-Known Member Premium Member

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    Have you asked what's in it for him?

    Will he buy there for himself? His family?

    And has he ever invested or bought OTP himself? I doubt either.
     
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  14. Ethantheeel

    Ethantheeel Active Member

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    Of
     
  15. MsAli

    MsAli Well-Known Member Premium Member

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    Why would you follow his advice then?
     
  16. Ethantheeel

    Ethantheeel Active Member

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    Of cause there would be a kick for him. Have you looked at Redland Bay?
    a
     
  17. strongy1986

    strongy1986 Well-Known Member

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    You realise you are being taken for a ride?
    Let me guess you were introduced to a broker through a developer, salesman or a dodgy buyers advocate who is getting kickbacks from the sale and from the finance

    Did they offer legal and accounting services as well?
    You need to do your own research , here is not a bad place to start but its full of sheep
    Get on google maps look for places that seem like good locations for capital growth, get on real estate.com and see if you can afford them. If you cant then look for a nearby suburb that you can. If still not then maybe look on the other side of the city

    And ffs do not buy house and land in brisbane, a house 10 - 25km from brissy in an established area is generally 350 - 500 , so why pay the same for something in pimpana
     
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  18. Ethantheeel

    Ethantheeel Active Member

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    From what I've been learning since joining this forum all looks that way not to buy house and land. When I first started looking about 3 months ago I liked what I saw around the Manly area. What is your opinion.
     
  19. strongy1986

    strongy1986 Well-Known Member

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    Manly is expensive now
    If you could find something decent for 450 in manly west or wynnum then go for it
    Otherwise you could go over the creek - thorneside should have houses for under 400k
    We bought in birkdale in 2013 - 1400sqm block for 370k , crappy house
    Personally i prefer manly area but couldnt pass up a big block as developing is part of the end strategy
    Its all relatively close to the cbd as you just jump on the gateway, serviced by train, private and public schools, close to capalaba where you can find anything you need
    Dont really like south of birkdale rd area that much though
    Few bogans around but nothing out of the ordinairy for brisbane
    Should get a 5% yield
     
  20. Tekoz

    Tekoz Well-Known Member

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    @JDP1 somehow when you look into the Park Ridge housing estate second release, they are more expensive than $300k now. Luckilly, last year I've purchased $303k but nowadays it is more than $350k:

    Houses For Sale with 3 bedrooms in Park Ridge, QLD 4125 (Page 1) - realestate.com.au

    The market doesn't lie for sure :cool: