Where to after Logan?

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?

 

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.

 

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.

 

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???

 

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/

 

you

 

Me?

 

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

 

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.

 

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.

 

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).

 

North QLD and coastal. Shh

 

Townsville going to get some ripple action soon?

 

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.

 

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

 

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.

 

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

 

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

 

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

 

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