QLD Thoughts about Redbank Plains

Discussion in 'Where to Buy' started by <JC>, 10th May, 2017.

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  1. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

    Joined:
    26th May, 2017
    Posts:
    1,244
    Location:
    Sydney
    I have bought in Redbank Plains within the last 12 months.

    I posted before when I bought avg price for 3 bedder was $285k, now its $310k. So small increase in a 6 month period which I'm happy with.

    No issues with rentals at all. 5.8% yield and my tenant has just signed on for another 12 months.

    If you invest there probably better to buy existing house rather than OTP new construction because you will pay premium for that. If its for OO then I understand you want the new house - but for investment fundamentally you never buy New of the plan. You are paying premium for stuff that depreciates in value.
     
    eletronic_exp0430, 18th Aug, 2017
    #21
    Tom Rivera likes this.
  2. Tom Rivera

    Tom Rivera Property Manager Business Member

    Joined:
    1st Jul, 2015
    Posts:
    2,718
    Location:
    South East Queensland
    The council has marked that corridor for huge infrastructure growth and investment, Forest Lake down to Springfield and across to Ripley. At this stage Redbank Plains is the most cost effective entry point. It hasn't performed exceptionally well so far but I suspect it will make a good bet in the long run.
     
    Tom Rivera, 19th Aug, 2017
    #22
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