QLD South Ripley for Investment Property

Discussion in 'Where to Buy' started by property3005, 23rd May, 2022.

Join Australia's most dynamic and respected property investment community
Tags:
  1. property3005

    property3005 New Member

    Joined:
    23rd May, 2022
    Posts:
    1
    Location:
    New South Wales
    Hi All,

    Looking for some insights and feedback on South Ripley for IP in the long run. Secured a 480m2 land in the new Stockland Providence development project. Registration is expected mid of next year. Anyone here has looked into it or already bought something? Interested in knowing your thoughts around it.
     
    property3005, 23rd May, 2022
    #1
  2. applesathome

    applesathome Well-Known Member

    Joined:
    26th Oct, 2021
    Posts:
    268
    Location:
    VIC
    General feedback around places like that is too much potential supply will slow capital growth.
     
    applesathome, 23rd May, 2022
    #2
  3. Nathan Prasad

    Nathan Prasad Well-Known Member Business Member

    Joined:
    6th Sep, 2020
    Posts:
    193
    Location:
    Brisbane
    I have not been going out to South Ripley for clients because it is just to far, you can take the money and buy a property in a far better location. You could get 15% from buying in the right area and then focus on sourcing a good deal by good deal I mean aim to purchase below market value.
     
    Nathan Prasad, 16th Jun, 2022
    #3
  4. Investor1111

    Investor1111 Well-Known Member

    Joined:
    19th Aug, 2021
    Posts:
    287
    Location:
    Darwin
    Interesting about knowing thoughts on an area, after you've already purchased? :)

    How much do you anticipate your build to cost?
     
    Investor1111, 17th Jun, 2022
    #4