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QLD Redbank Plains

Discussion in 'Where to Buy' started by hash_investor, 10th Mar, 2016.

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  1. hash_investor

    hash_investor Well-Known Member

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  2. Heinz57

    Heinz57 Well-Known Member

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    1 weeks rent free @ $400 / wk = $7.70 a week discount over the 12 month lease. The rent is already 10% - 15% over market. Around $340 to $360 is where it's at. So slick.
     
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  3. TMNT

    TMNT Well-Known Member

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  4. Heinz57

    Heinz57 Well-Known Member

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    Number 21 sold Oct 2015 for 300,500. 3 bed 1 bath. That blue room must be where the garage has been converted to bed plus ensuite.

    Could you fit a granny flat?
     
  5. Heinz57

    Heinz57 Well-Known Member

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    It's under contract. Did you buy it @TMNT ?
     
  6. TMNT

    TMNT Well-Known Member

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    not moi! I was going to call the agent today, oh well!
     
  7. Tekoz

    Tekoz Well-Known Member

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    @TMNT Why Redbank Plain mate ?

    that area is too far away from Brisbane CBD where people works with higher wage.
     
  8. TMNT

    TMNT Well-Known Member

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  9. Heinz57

    Heinz57 Well-Known Member

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    Funny, same distance as Park Ridge!
     
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  10. Tekoz

    Tekoz Well-Known Member

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    Uhm... Yes,
    That's right @Heinz57 but at least Park Ridge is much more affordable for a news house.
     
  11. Whishy

    Whishy Well-Known Member

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    Quicker to get to the cbd from red bank plains than from chermside
     
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  12. TMNT

    TMNT Well-Known Member

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  13. dabbler

    dabbler Well-Known Member

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    on another note, did you see Park Ridge on black lists for lenders, are they building lot of units or town houses or something out there to get black listed ?
     
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  14. dabbler

    dabbler Well-Known Member

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  15. Tekoz

    Tekoz Well-Known Member

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    @dabbler do you mean this one: Apartment lender 'blacklists' 140 suburbs

    Yes I have seen it, but luckilly it only affects new apartment not a House & Land package like mine :cool:

    [​IMG]
     
  16. TMNT

    TMNT Well-Known Member

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    I thought it was quite a good deal
    Essentially you get 1000sqmx3
    2 with gf
    1 with house

    200k each
     
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  17. dabbler

    dabbler Well-Known Member

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    Yes, but is there units/townhouses being built there in bulk ?
     
  18. dabbler

    dabbler Well-Known Member

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    Not when I look at it, you cannot split that block like that, they could have done a better job with building placement, you could build townhouses there, but you can see the owners looked into it but decided to sell.
     
  19. TMNT

    TMNT Well-Known Member

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    For me i look at primarily projects that have goood cashflow that can be torn down for multiple dwellings. Since multi sites have the addrd bonus of land banking
     
  20. dabbler

    dabbler Well-Known Member

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    I understand where your coming from.

    I am not sure of all the RE's with the big C, but I see a lot of ads with offers over say 300 , where the place is really in the late 3's or 4's.....

    Anyway, if it is your thing, it does not say under contract as yet.....so go for it :)