QLD Tamborine Mountain 4272 Sleeping Giant?

Discussion in 'Where to Buy' started by boganfromlogan, 28th Aug, 2018.

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  1. boganfromlogan

    boganfromlogan Well-Known Member

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    Brisbane
    OK bit tongue in cheek..........

    Tamborine Mountain has been flakey in the past.

    Surprising increase in values, surprisingly tight rental market.

    Boom time? Or just a blip?
     
  2. TAJ

    TAJ Well-Known Member

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    Northern NSW
    I would of thought this area would be predominantly an owner occupied one. Is there a lot of rental properties in the area?

    Think 1. Employment opportunities
    2. Infrastructure
    3. Services
     
  3. boganfromlogan

    boganfromlogan Well-Known Member

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    Brisbane
    Well, there is a mix of owner occ and holiday homes and there are nearly no rentals but quite a high rental demand.

    The interesting thing is that it is landlocked, and limited supply - but there has never been an increase that looks kinda out of sync like the recent one.

    Some optimistic folk see it as the 'hollywood' of the gold coast, and for that to be true GC would have to reach a critical mass (not suggesting it is there yet).

    Yarrabilba is just down the road, people seem to live there and commute. Also brings infrastructure with it.

    It is a curiosity to me as the increase in values and decrease in rentals (plus increase in rents) all combine to make it more viable than it has been historically.

    Not many units.
     
  4. Tom Rivera

    Tom Rivera Property Manager Business Member

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    South East Queensland
    Don't forget that the roads out of there are a pain, so it's significantly less viable than Yarrabilba for a commute. Absolutely stunning place to live though- we seriously considered finding work and living up there once upon a time.
     
  5. willair

    willair Well-Known Member Premium Member

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    I had a property up in cedar creek from 1982 till 1988-40 acreage undeveloped site and the side of the mountain -put a D9 straight up the side of the mountain cleared a 150sqms pad at the top and developed the site one of the best investment I ever made,and it's a market within a market value wise..
     
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  6. radioactive

    radioactive Well-Known Member

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    Perth
    This place to me seems like glasshill mountains in north.
    Very low vacancy rates & high number of OO properties.
    Sometimes I wonder how come so far flung suburbs thrive and be desirable.