What areas haven't taken off yet?

Discussion in 'Where to Buy' started by Jmillar, 11th Apr, 2021.

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  1. Jmillar

    Jmillar Well-Known Member

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    As always, some areas/asset classes take off before others, but they generally catch up (more or less). So it would be good to know what areas haven't taken off much yet.

    For eg in Inner West Sydney, feedback from agents is that houses have gone nuts but units haven't moved as much yet.

    In QLD, Logan is going nuts but Ipswich doesn't seem to be as hot.

    What is everyone else seeing in the areas you follow?
     
    Jmillar, 11th Apr, 2021
    #1
  2. Brad England

    Brad England Well-Known Member

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    I too am wondering what's happening with Ipswich market? I have a budget of 450k for investment and expect 430$ rent per week. Last week I went to an inspection in Springfield 4/2/2 600 sq hardly 4 members visited the open house. While at the same day a similar property in Logan (regent park/ Hillcrest) had close to 10 inspection with multiple offers by afternoon. Confused where to invest
     
    Brad England, 11th Apr, 2021
    #2
  3. thunderstrike888

    thunderstrike888 Well-Known Member

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    Like you mentioned EVERYWHERE is nuts and even Ipswich I heard its the strongest its been in decades. Logan suburbs on fire - they are achieving remarkable sales figures there compared to only 12 months ago.

    I own a house in Redbank Plains which to be brutally honest is probably my worst performing investment EVER in terms of capital growth (but cashflow is awesome). However in saying that comparables now are in the $330k-$340k range when I bought my place for $268k. My internals were nice as well.

    So still around 25-30% capital growth. Not bad when your spending peanuts and cashflow is paying for the entire house. I havent spent a significant amount down there except new fans recently in the last 2 years.
     
    thunderstrike888, 11th Apr, 2021
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  4. Shaggerr

    Shaggerr Member

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    I live in Wollongong .... whilst Sydney is moving leaps and bounds ahead. Wollongong suburbs have moved about 10%. This is except beachside areas near Bulli and Thirroul. You can buy a house in say ... Figtree, close to the CBD for not much more than this time last year. A great investment as being so close to Sydney, they are bound to follow in the next 12 months when people that are outpriced in the city look further afield.
     
    Shaggerr, 12th Apr, 2021
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  5. Propin

    Propin Well-Known Member

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    Bassendean in Perth doesn’t look like it’s hot yet. I’d say all surrounding suburbs are.
     
    Propin, 12th Apr, 2021
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  6. Jmillar

    Jmillar Well-Known Member

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    Interesting, will take a look
     
    Jmillar, 13th Apr, 2021
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  7. Serveman

    Serveman Well-Known Member

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    Dubbo and Armidale still affordable
     
    Serveman, 13th Apr, 2021
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  8. Shaggerr

    Shaggerr Member

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    Looks like from the lack of response ... that pretty much everywhere has taken off :D
     
    Shaggerr, 15th Apr, 2021
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  9. The Y-man

    The Y-man Moderator Staff Member

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    There are places that have gone down - Eg. Melb CBD apartments

    Also CBD and metro office blocks are probably a bit in the doldrums right now with covid/wfh uncertainties.

    The Y-man
     
    The Y-man, 16th Apr, 2021
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  10. Never giveup

    Never giveup Well-Known Member

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    Is anyone buying In Armidale or bought recently, would like to know their ooinion!
     
    Never giveup, 30th Jan, 2022
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  11. Shogun

    Shogun Well-Known Member

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    Shush!

     
    Shogun, 30th Jan, 2022
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  12. boganfromlogan

    boganfromlogan Well-Known Member

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    What about Toowoomba?

    Goombungee through the roof, but Toowoomba not so much.
     
    boganfromlogan, 30th Jan, 2022
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  13. The Y-man

    The Y-man Moderator Staff Member

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    The Y-man, 30th Jan, 2022
    #13
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  14. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    Cairns, Mackay, Townsville, Rocky take your pick.
     
    Ariyahn2011, 30th Jan, 2022
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  15. Propin

    Propin Well-Known Member

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    Propin, 30th Jan, 2022
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  16. spludgey

    spludgey Well-Known Member

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    Yes, I was going to mention Rockhampton as well. They've got a couple of potential projects that could make investing there quite lucrative.
     
    spludgey, 30th Jan, 2022
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  17. Realist35

    Realist35 Well-Known Member

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    I wonder why. Even the surrounding areas, like St Albans (which is considered nicer than King Park) hasn't moved much. Well, hopefully their time will come
     
    Realist35, 30th Jan, 2022
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  18. Do Androids Dream

    Do Androids Dream Well-Known Member

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    @Realist35 Just curious after reading over your thread... did a BA help you with this purchase?
     
    Do Androids Dream, 30th Jan, 2022
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  19. Realist35

    Realist35 Well-Known Member

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    Yes mate, a BA bought this for me.
     
    Realist35, 31st Jan, 2022
    #19