QLD Thoughts on Everton Park

Discussion in 'Where to Buy' started by Angel, 20th Mar, 2016.

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  1. Azazel

    Azazel Well-Known Member

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    Is it the best investment option for them to buy it, or is it to transfer ownership to them?
     
    Azazel, 28th Mar, 2016
    #41
  2. Angel

    Angel Well-Known Member

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    Yeah, and you are always involved.
     
    Angel, 28th Mar, 2016
    #42
  3. JDP1

    JDP1 Well-Known Member

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    Lol..just doing my part to keep PC traditions alive and well. :)
     
    JDP1, 28th Mar, 2016
    #43
  4. Angel

    Angel Well-Known Member

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    To transfer ownership mainly, to get a start on the ladder. Some day I will own a half share. I have no idea what my brother wants to do with his share, but if my kids buy him out, then they get a convenient place to live at an "affordable" price.
     
    Angel, 28th Mar, 2016
    #44
  5. Whitecat

    Whitecat Well-Known Member

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    Photos are coming. Just got back from Kings Cross and gf lives in New farm so I know the valley well. JDP and I will take this to another thread.
     
    Whitecat, 28th Mar, 2016
    #45
  6. Azazel

    Azazel Well-Known Member

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    Pretty dead at night time in the Cross now?
     
    Azazel, 29th Mar, 2016
    #46
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  7. 733

    733 Well-Known Member

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    Everton Park is a good suburb in very high demand by tenants. The suburb is very well serviced with good infrastructure. Good sized blocks ...check out Ferny Grove as well
     
    733, 30th Mar, 2016
    #47
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  8. Angel

    Angel Well-Known Member

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    Asking prices way over $400K for a 405m2 vacant block
     
    Angel, 30th Mar, 2016
    #48
  9. Azazel

    Azazel Well-Known Member

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    Always guaranteed to get a seat on the train from Ferny Grove.
     
    Azazel, 30th Mar, 2016
    #49
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  10. 733

    733 Well-Known Member

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    [QUOTEpost: 187277, member: 442"]Asking prices way over $400K for a 405m2 vacant block[/QUOTE]
    Hi Angel. I was referring to good sized blocks of land with existing dwellings on them particularly post war and circa 1970's/80's older homes. To purchase only land certainly is not cheap as you have identified
     
    733, 30th Mar, 2016
    #50
  11. Angel

    Angel Well-Known Member

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    The auction this morning - 4 bidders. About 25 parties, mostly relatives and neighbours of the deceased. I recognised a local agent and a couple of BAs from events I have attended in the past.. Sold for $515,ooo.
     
    Angel, 31st Mar, 2016
    #51
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  12. HUGH72

    HUGH72 Well-Known Member

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    The block is probably worth 400-425k so not much more than land value, at 515k there is a little room to value add especially with that kitchen.
    It shows that this suburb so far has underformed compared to its surrounding neighbour's.
    And apologies for contributing to derailing your thread.o_O
     
    HUGH72, 31st Mar, 2016
    #52
  13. Angel

    Angel Well-Known Member

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    Nothing to apologise for, Hugh. I liked the property, I would much prefer to get dirty playing in it than the one I was talking about last weekend. It is in much better condition than the little house - this is a bigger house, bigger land, much closer to the shopping centre etc. It even has water flowing through the taps.
     
    Angel, 31st Mar, 2016
    #53
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