QLD What will Logan and Ipswich do in 2019?

Im sure the m1 upgrade will help, there is also a lot more traffic moving from the goldy to Brisbane now and is only going to get worse.

 

What will Logan and Ipswich do in 2020?

 

Probably the same as 2019!

 

What has Logan done this year?

 

To be fair there have been pockets of Ipswich which have done ok this year especially given turbulence year for property investment that 2019 has been. Couple the reasonable growth with the good CF on offer and I’m sure some people are happy with 2019 In Ipswich.

 

What will they do?

Create long lasting commercial ties via the booming Logan/Ipswich Meth trade

 

Quarterly growth -2.27%
12-month growth -10.40%

 

For where?

 

Corelogic

 

It’s always an option , though what you don’t want is a rumour going around that your IP’s being used for cooking .

we had that happen recently . Tenant left and when the pm went do an inspection a neighbour came over to let her know what was “ happening “ . Quick phone calls , place cleaned then tested which came back negative .

Seems that the insurance would have covered the costs of it had been positive .

the PM made a point of going and telling the neighbour and showing them the negative test just to make sure . What happened was told to the incoming tenant .

cliff

 

I was down in logan central this afternoon walking around the raillway station shops after a checking in on a mate in logan hospital and driving in there are very few for sale signs most have sold signs in front of them and from what i saw it all looks as it always has been ..There is a bake shop hot off oven in front of the railway station from a Lebanese BAKER 4 bucks for a pack of six all this area needs is 50 businesses like this one and the area will change..imho..

 

? Ipswich and Logan combined

 

Median house prices by local government area

LGA Dec-19 Dec-18 Dec-14 Year-on-year change 5 year change
Brisbane $680,000 $677,000 $575,750 0.4% 18.1%
Ipswich $414,250 $390,000 $325,000 6.2% 27.5%
Logan $444,950 $435,000 $363,000 2.3% 22.6%
Moreton Bay $480,000 $475,000 $410,000 1.1% 17.1%
Source: Domain House Price Report, December Qtr 2019.

Ipswich and Logan outperforming Brisbane!
House prices inch up in ‘sleepy’ Brisbane, but not in inner city

 

Would you do a new build in Hemmant or going Morton bay region or ipswich

 

What's the purpose for a new build? Owner occ or investment to rent out or sell after completion? More info required.

Personally I'd pick Logan over Moreton Bay or Ipswich. You get better yields, lower prices (than some parts of Moreton Bay) and it's proximity to the Gold Coast is a big draw card. All the data shows Moreton Bay growth over the last 5 years is doing no better than Ipswich or Logan so I would take higher yields any day if I was building a larger portfolio, servicing loans is everything these days...

 

To build then rent out. I’m also looking at either palmview or aura in sunshine coast

 

Surprisingly my bank has valued my Collingwood Park property at $400k and my Redbank Plains property at $300k this was done last month as I was doing refinance.

Redbank Plains not so surprised as it was a fairly rundown house. But $400k for Collingwood Park was a first I was expecting it to return around $350k.

 

If currently there is option to buy a new investment property (4 bed house) in Collingwood Park in Ipswich city or Park Ridge in Logan city then which option is a good one from long term investment point of view?

 

I wouldn't choose either of those as there is too much supply. For that budget look at north Brisbane around bray park or strathpine....alternatively clontarf or Margate which are in demand and gentriying as they are right by water and swimmable beaches. Check out the investing in mbrc link I posted recently it tells you all about where the $ are going for infrastructure development in that area.

 

What are the benefits you're looking for in brand new?