QLD Regarding Pallara

Hey Guys, I am seeking some feedback on suburb Pallara in Brisbane. Anybody has any idea how good suburb is? Is it okay to spend 600k for Home and Land package for 400sq mtr land. It's in Brisbane council and is 19 kms to city.

Any feedback is greatly appreciated.

Thnks.

 

Don't have anything to add on re the suburb.

Why house and land? What is your goal and how will this type of property get you closer to your goal?

I'd personally be looking at an established house with good land component.

 

This ticks few of my checklist. Being closer to city, in budget, in Brisbane council and good area. Yes, I am not getting much land which is why I am confused.

Unfortunately, there are no suburbs left In Brisbane council, which are good and has land. All within budget of 550k.

 

Good this ticks your boxes.

What are older properties selling for in this area?

There was a thread on this price point a few days ago.

 

It's a new suburb so no old properties. Let me check the old thread.

 

Land appreciates in value, buildings depreciate.

With no established properties and all brand new builds... make sure you take into account the impact it will have when the houses are due for completion.

 

What kind of impact will it have, thanks for all the feedback till now.

 

Oversupply, potential impact on vacancy rates (as a lot of properties hit the market at the same time and tenants have a bit to choose from), potential impact on future growth depending on how much stock is available

 

I live <19 klms north of cbd at Eatons Hill, Albany Creek is closer to CBD. Here you will get a 650 m2 block of land with established houses for under $600K, some under $500k. Established homes, shopping centres, schools, parks and massive sports complex. Short drive to: Tafe, huge hospital complex at Chermside, and near train stations. Nearby suburbs such as Bald Hills and Carseldine with similar price have their own train stations. It is a 20 minute drive to Sandgate beach with easy parking and 30 minutes to the airport.

 

19km is considered way out in the sticks by Brisbane standards , don't apply Sydney and Melbourne logic here . For $600k I would highly recommend you look at an older house closer to the city if you are after capital gains .

 

19 km is reasonable but the only issue is the access to Pallara which is not good now but there are plans in future.
Hey @ Patrick Bateman, Can you please advise areas closer to city within 600k?

 

The house available in Albany creek within 600k are split or very old.
For old house which requires reconstruction in coming few years is like paying for land which is not worth!
+ Albany Creek is not Brisbane council.

 

Most of the blocks are with Stockland and Stockland never discloses it and release in chunks, they have their own strategy.
All i can say, Wherver Stockland goes that area becomes worth living. take the case of North lakes, its developed by Stock land and its pretty. and other are in New port.

 

Wow, how experienced are you?

Eatons Hill, QLD 4037 (+1 location) Sold Property Prices & Auction Results - realestate.com.au

 

Government incentives and tax are should be secondary drivers, and not primary.

 

If we have zeroed on to a suburb, in that case what would be your recommendation? If existing, why? If H&L, what is an acceptable premium once should pay over the median?

 

Look at the price difference between established vs brand new.

I don't know what is an acceptable premium.

My preference is established, and wouldn't pay premium for an IP. Land is what holds the value.

 

here are some static, the sale number was low in recent months, not easy to predict.

 

Pallara and surrounds is the last really large area of land left in the BCC. It's a great spot and investors we have in Doolandella and Heathwood nearby who bought new H&L over the past two years have mostly been very happy.

I have noticed quite a few of you (mostly Sydney and Melbourne based) have been paying attention to Pallara lately- are the marketers starting to push the area?