QLD Tamborine Mountain

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?

 

Its so dead no one knows where it is

 

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.

 

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.

 

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

 

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.

 

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.

 

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.

 

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

 

Mount Tamborine ..... climate change led boom? 5 degrees cooler than Brisbane on most days in Summer.

 

Shut it Tim! If people start talking about Tamborine the prices will go up and they'll start developing it.... I need to retire up there!

Realistically, the commute kills it. Too hard to work full-time and live up there.

 

I have a client who owns in Canungra (same place).
There is some land sub div going on there.
Primary growth driver is tree change. So for me it will just be a slow trickle short medium term for growth

 

who is tim?

 

Canungra is a seriously different place from Tamborine Mountain, the biggest thing about Tamborine Mountain is the cooler climate brought about mostly by elevation. Do NOT move to Canungra expecting the same, Canungra is just a quaint little town with the Jungle Warfare Centre near by .................... it is sea level. Nothing like Tamborine Mountain (only 500m elevation but 4-5 degrees cooler.)

 

The commute to Tamborine Mountain used to be 52 minutes to Milton, 53 minutes home (extra time going up). Until someone built a bloody great carpark and called it the M1.

 

Hahaha.. exactly where I go when it gets hot in town. Love it up there. You can actually watch the temp drop as you drive up the mountain.

 

Can the Chinese develop and harvest a National Park?