Does anyone have any advice on the property demand or expectation for Springfield in QLD? I am a Victorian and have been given advice to buy in Springfield.. Hit or Miss?
I bought in Augustine Heights in July, and prices have increased since I bought (atleast by $50K) I was able to find a tenant before settlement and at rent above my expectation! There’s a lot of development in the area ie new schools, public hospital, new stadium etc. so I think there will be growth. There’s only one residential land estate left for development (spring mountain), so once that’s done people will have to look further out… Though, I would avoid cookie cutter houses… I.e. small land, one living space, no upgrades etc. …
It’s in Ipswich, which is the most undesirable of the 5 Brisbane LGAs. It’s much hotter in summer and much colder in winter than the other areas of metro Brisbane. Locals would snub their noses at the idea of Ipswich, but it’s riding the wave nonetheless and has already gone up LOTS, in line with the rest of Brisbane. OP what are you looking for, a PPOR or IP? If IP, do you want CG or do you prefer yield? Budget? Aren’t they all cookie cutter in newer estates?
Like most investors… looking for CG and good yield. I have been told Brisbane market is experiencing both. I was told Thornlands but also great but nothing left that is new. I’m from Melbourne so do not know too much but we are paying way too much per Sqm of property down here…Australia in general really my only lingering thoughts are when the borders open back up…. Students will flood melbourne again, november will see the first rise in interest rates and melbourne and Sydney will just keep growing.
Some of them are surprisingly nice! Saw this one the other day - big price tag, but good land size and nice interior https://www.realestate.com.au/property-house-qld-augustine+heights-137061722 I would have bought in Brookwater if it wasn’t for the additional levies! They have some nice houses there too
That is a really nice house! It’s like someone built a Brookwater house in Augustine Heights. I guess there’s a cookie cutter somewhere in Brookwater that was meant to built on this block
Yes, Springfield is geographically in Ipswich, but only just outside the BCC boundary. I doubt most people would actually realise it is in the Ipswich LGA, so don’t see this as a negative.
OK place to live, I don't think its a good place for an investment due, just too much of the same thing and not as established as something on say the outer rings of BCC.
