QLD What do you think of these Brisbane suburbs investment wise?

Discussion in 'Where to Buy' started by Matt87, 22nd Sep, 2017.

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  1. Matt87

    Matt87 Well-Known Member

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    1st Jul, 2017
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    Location:
    Sydney
    Hi all,

    hope you are all well!

    Thought I would run some suburbs past you. I am interested in 550k budget.

    Suburbs I have looked into are:

    Algester
    Everton Park
    Mitcheltion
    Aspley
    Stafford/Stafford Heights.
    Mooroka

    What are your thoughts about a free standing house in the 500ish budget?

    Matt
     
    Matt87, 22nd Sep, 2017
    #1
  2. ndpjai

    ndpjai Well-Known Member

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    Sydney

    IMO all of them are good suburbs for investment and you could get a 3 brm house within your budget. Not sure your expectations for land size, renovated\un-renovated, flood zones etc. based on that its possible or not possible. Mitchelton, stafford and even moorooka you may have to compromise for $550K as they are within striking distance of 600K now.

    Brisbane is moving at a gentle pace, hop in quickly and good luck
     
    Last edited: 22nd Sep, 2017
    ndpjai, 22nd Sep, 2017
    #2
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  3. Sackie

    Sackie Well-Known Member

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    Vaucluse, Sydney.
    I think 550k-600k is a good budget for middle ring areas. Larger block homes that can be renovated in good OO areas would be my pick. Personally I would be staying away from other dwelling type markets if your budget/serviceability can handle it.
     
    Last edited: 22nd Sep, 2017
    Sackie, 22nd Sep, 2017
    #3
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  4. Toby

    Toby Well-Known Member

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    Location:
    Melbourne
    As always it depends on your goals. For one it looks like Aspley will be the only location you will get a well located freestanding house for around your budget.

    If you're wanting that hills district, look a little bit further out but close to the train stations at the $500-550k mark (ie/ Keperra, Arana Hills, Ferny Hills & Ferny Grove), with the added bonus that Anara Hills/Ferny Hills yield a bit better and you can granny flat them if you need the cash flow (in moreton bay city council).

    Overall I really like those north west suburbs (I just bought in Keperra) due to the affordability, incomes in the area, high owner occupier appeal and good access into the CBD.
     
    Toby, 22nd Sep, 2017
    #4
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  5. fols

    fols Well-Known Member

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    I think you're on the right track here.
     
    fols, 22nd Sep, 2017
    #5
  6. fols

    fols Well-Known Member

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    Sydney
    Agree with this also. I hold in Ferny Grove- 6% growth in latest QTR.
     
    fols, 22nd Sep, 2017
    #6
    Toby likes this.
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