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Slacks Creek or Deception Bay

Discussion in 'Where to Buy' started by Proper Property, 27th Jun, 2016.

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Which suburb will get higher capital growth in 5 years?

  1. Slacks Creek

    59.3%
  2. Deception Bay

    40.7%
  1. Proper Property

    Proper Property Active Member

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    In terms of reasonable capital growth within 5 years, what are your thoughts on Slacks Creek or Deception Bay? Which one do you think will outperform the other?

    Also what other suburbs do you think will perform better for a current buy in price of $350K?
     
  2. MsAli

    MsAli Well-Known Member Premium Member

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    I'd look in Moreton Bay city council in suburbs closer to the city than DBay for that kind of a budget
     
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  3. Proper Property

    Proper Property Active Member

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    Hi MsAli,

    Do you think suburbs like Strathpine would get more value than DBay?
     
  4. MsAli

    MsAli Well-Known Member Premium Member

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    When the capital growth happens the tide lifts it all. My pick between the two would be Strathpine due to its proximity to the CBD
     
  5. Proper Property

    Proper Property Active Member

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    For a budget of $350K, do you think Brisbane is the best choice as Melbourne has grown. Or would it be better value to invest in the outskirts of Melbourne for that price. My only concern is that Melbourne has grown considerably.
     
  6. RetireRich101

    RetireRich101 Well-Known Member

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  7. Blueskies

    Blueskies Well-Known Member

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    Slacks Creek for my money, if for nothing else than the fact it is almost half the distance to the CBD as D-bay.

    I can understand the appeal of the Northside, a lot of development out that way at the moment, lots of new housing estates, young families moving to to the area, infrastructucture planned etc etc. Poor old Slacks creek with a bunch of 40 year old high-set houses and a healthy population of welfare recipients doesn't look as great, but I think in the long game being on the edge of that 20k ring rather than the 40k ring will give it a much better chance for capital gains.
     
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  8. MsAli

    MsAli Well-Known Member Premium Member

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  9. MsAli

    MsAli Well-Known Member Premium Member

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    From the commentary Melbourne is nearing peak or is at peak. Melbourne rental yields are quite low however the immigration is higher compared to Brisbane.

    I see Brisbane as offering better options for that sort of dollars...
     
  10. Angel

    Angel Well-Known Member

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    Strathpine and Bray Park over D Bay any day. But I cannot offer any comment on Slacks Creek. Strathpine is like Slacks Creek in many ways.
     
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  11. Whitecat

    Whitecat Well-Known Member

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    Is there much in strathpine for 350k?
     
  12. Angel

    Angel Well-Known Member

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    I haven't looked since three months ago and it was doable then. I just mean why go as far away as Deception Bay when Strathpine is 30 minutes by train to access the city.
     
  13. +men

    +men Well-Known Member

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    350k can still get u an average 3/1/1 lowset in strathpine
     
  14. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    @Proper Property Kallangur could be a shot at around the low 300's and could do a small cosmetic job on it.

    I like Kalangur because most neighbouring suburbs median house price is higher than Kallangur, which gives it a lower base to start from for future growth, and yield is slightly better than others.

    I have in D-Bay also but would not be able to make sense of paying $350K there in most instances (generalised statement).
     
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  15. Proper Property

    Proper Property Active Member

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    @Taku Ekanayake How do you compare Kallangur vs. Strathpine in terms of growth drivers as Strathpine is more closer to the CBD.
     
  16. Angel

    Angel Well-Known Member

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    Strathpine has a train station, a very small hospital and a high school. If Kallangur ever gets a high school, it will be newer than Strathpine's, if that is any help.
     
  17. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    I think much of a muchness. If you can find a comparable property in strathpine for the same price, I would go Strathpine due to CBD proximity. I'm pretty sure Strathpine is slightly dearer though

    Strathpine has train station as @Angel pointed out but Kallangur is getting in new train station with the new rail link going in also

    New uni will be in between Kallangur and Strathpine if I'm not mistaken
     
  18. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Still possible to pick up a 3/1/1 highset or lowset around that price point.
     
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  19. hash_investor

    hash_investor Well-Known Member

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    I would say depends on the stock. Many people would like to live in an estate which is in kallangur and qld govt is giving grants as well for new homes. Strathpine is a little disadvantaged i believe although it is closer to CBD but that is only comparative. It does not have anything of its own while Kallangur area is building a lot its own.

    Remember Brisbane is not that big where areas 25 km out of cbd rely on cbd for growth. Kallangur wins in that class hands down
     
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  20. Whitecat

    Whitecat Well-Known Member

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    I think you would be silly to buy a new house a long way from the city vs something older but closer in (and maybe better constructed anyway just dated)
    My 2c
    Seen this in a previous cycle in bne