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Where to after Logan?

Discussion in 'Where to Buy' started by bob shovel, 26th Sep, 2015.

  1. bob shovel

    bob shovel Well-Known Member

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    So where is the next "Logan" going to be? What will be the next default area for the "where to buy "question.

    Anyone care to share thoughts on what will be the next up and coming hot spots.

    Is Elizabeth, SA a likely front runner at the moment?
     
    Taku Ekanayake likes this.
  2. pugstar205

    pugstar205 Well-Known Member

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    Logan is yet to prove itself. At the moment it's just an ordinary LGA with ordinary growth. The magnificant capital gain anticipated by some is yet to come to fruition. So far, it's been nothing but hype.
     
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  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    Unfavorable areas have always done well. Look at Clarkson WA, Frankston Vic, Western Sydney, Logan QLD.

    If somethings c.f.+ then it costs nothing to have a punt; no one has a crystal ball. However I prefr to make my own growth, not wait around for it.
     
  4. MTR

    MTR Well-Known Member Premium Member

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    70% are investors buying in Login? low entry level always attracts investors, it's a bit like Frankson, lots of hype. That reminds me, whatever happened to Frankson, no new threads on this

    Seems Brissy is on the move, is this what you are seeing, multiple offers on properties???
     
  5. Natedog

    Natedog Well-Known Member

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    It's no longer hype, check the last couple pages of the threads below, Frankston has moved!

    https://propertychat.com.au/community/threads/frankston.56/
     
  6. MTR

    MTR Well-Known Member Premium Member

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    you
     
  7. Natedog

    Natedog Well-Known Member

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    Me?
     
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  8. bob shovel

    bob shovel Well-Known Member

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    Its already gone up 20%+ in the last couple of years, plus good cf. there's still more to go but possibly to late to buy now. The hype around it now suggests it will keep going

    And I'm pretty sure the idea is to get in before "it proves itself " by then you've missed out on the cg
     
  9. Sam Yue

    Sam Yue Well-Known Member

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    I just settled 2 in Logan a few weeks ago. I agree logan is a big area, there are a lot of opportunities there. But it is good if you can buy other high yield areas to diversify your portfolio. But it is not easy to do that because it takes time to understand a different market. Elizabeth SA is interesting, higher yield with higher risks. I can not understand how the market is driven by different drivers yet. The new change of government is a good news for Adelaide since the previous government didn't work well with SA.
     
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  10. SouthBoy

    SouthBoy Well-Known Member

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    I was bullish about Logan for a long time, now doubts are starting to creep in. The high unemployment in Logan is an issue. The northern corridor of Brisbane on the other hand appears to have more jobs coming through due to infrastructure spending. Maybe this will be the next investor hotspot in the short term.
     
  11. jas

    jas Member

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    I've been reading threads hyping Logan for years and years. One would think after all that time it would either (a) catch up with other areas or (b) grow in line with other areas - making Logan look like good value in comparison.

    If it did (a), it should eventually disappear from the 'brilliant places to buy' threads and turn into 'brilliant place where I made a lot of money' thread.

    Given how long I've seen Logan pushed as a brilliant place to buy, I'm inclined to (b).
     
  12. Azazel

    Azazel Well-Known Member

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    North QLD and coastal. Shh ;)
     
  13. bob shovel

    bob shovel Well-Known Member

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    Townsville going to get some ripple action soon?
     
  14. HUGH72

    HUGH72 Well-Known Member

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    I think its fair to say that prices have moved there by up to 20% in certain suburbs in the last 2 years. Whether it has anymore short term growth remains to be seen.
     
  15. Shawn

    Shawn Well-Known Member

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    I believe it will grow to match the other areas by 2020.
    ie (Logan property prices will be 85-90% of surrounding suburbs)
     
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  16. Azazel

    Azazel Well-Known Member

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    If you're a fan of buying closer to the bottom than the top, definitely some good buys up there. If Brisbane actually takes off there will be.
     
  17. bob shovel

    bob shovel Well-Known Member

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    Does any one like buying at the top?? Seems like to much hard work searching and missed equity/growth
     
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  18. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    Agreed, and yet soooooo many people do it. The herd mentality is hard to break for many.
     
  19. bob shovel

    bob shovel Well-Known Member

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    Hey! Western Sydney isn't "unfavorable" only small pockets. I know which areas you mean though
    Actually if you go by the news /media definition of Western Sydney that's a good 75% of the Sydney metro area! Sydney metro minus northern beaches, city and the Shire... All of which have their own unfavorable bragging rights
     
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  20. Andrew H

    Andrew H Well-Known Member

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    yep, i was very surprised of the growth in Cairns suburbs last 12 months - hadn't checked for a while and I LIVE HERE! now that insurance isn't such an issue for houses the numbers are really stacking up with big yields in some areas