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QLD Tamborine Mountain

Discussion in 'Where to Buy' started by Tim86, 10th Aug, 2015.

  1. Tim86

    Tim86 Well-Known Member

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    I have a mate at work that lives at Mount Tamborine, he is always saying how dead the market is there.

    With Brisbane & potentially the gold coast(?) heating up, will it eventually stretch out as far as Tamborine Mountain?

    If it really is so dead and has the potential to share in some of the growth that surrounding areas are seeing, would it be worthwhile for people to consider the area?

    Or because it's more of a tourist spot would the property market dynamics work a bit differently...still making it not quiet a viable prospect?
     
  2. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Its so dead no one knows where it is :D
     
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  3. Tim86

    Tim86 Well-Known Member

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    lol apparently.

    First pic is a view of the goldcoast from mount tamborine, so that will give you a bit of an idea where it is.

    Such a nice place. Lots of rainforest walks and waterfalls.

    main_1.jpg 7067133-Tamborine_Mountain_Mount_Tamborine.jpg waterfall-rainforest-bushwalking.jpg
     
  4. Angel

    Angel Well-Known Member

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    HI Tim.
    I have thought the same things myself. We have a friend who lives there and it has an unusual economy. It is full of owner occupiers, mostly retired or self employed. Pretty much everyone has their own income stream as there isn't really much work up there - only casual touristy stuff. Did I say casual work? if that. It is a very long commute from there to any employment hubs. So I personally wouldn't be looking for tenants anywhere in that general area, same as I would say for Yarrabilba at the base of the mountain, which is being spruiked in other parts of Australia. But really - where is the employment?

    I personally believe that as a private residence it has "potential" for growth in the next boom. But what would I know? Nothing in SEQLD has performed in the last five years like previous booms.
     
  5. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Must say it looks very very nice and doesnt seem that far from the Gold Coast either?
     
  6. HUGH72

    HUGH72 Well-Known Member

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    Anyone in SEQ knows where it is, its probably more a lifestyle and tourist location or one for retirees IMO. Beautiful location but it would be a bit of a commute for most to either the CG or BN.
     
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  7. Breeamy

    Breeamy Member

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    I just spent 2+ years at the GC and looked in the hinterland for most thus time myself for PPOR, but end decision it was it was just too far, the road is not the best and very windy, makes the trip longer even though it doesn't seem far. The vacancy rates are quite low but there is not many rentals compared to the coast, because most pple don't want the commute. I'm undecided on how the area will go though.......there is not much work at the GC in general (one reason why we left), most people I met there were out of work/looking/not working enough hours, a lot of pple move there but without a massive turn around in the job situation I don't think there would be a Sydney type boom unless a heap of international investors jump on before/after cwth games to drive the prices up, but still I don't think that would flow through to the hinterland too much.
     
    Last edited: 11th Aug, 2015
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  8. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    I remember the early 90's they had Real Estate Salesman on every corner on the Gold Coast trying to sell you apartments or timeshares.
    A lot if people I knew bought back then.
    Im not sure how the GC has fared over the last 20 years.
     
  9. HUGH72

    HUGH72 Well-Known Member

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    Plenty of those salesman still there flogging units. Don't know about timeshare, dodgy travel clubs/offers seem to be all the rage currently.