Where to after Logan?

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

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  1. See Change

    See Change Well-Known Member

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    Hi jas

    Great to see you back . How's things going ?

    We made good money in Logan in previous cycle and people will make good money in the current cycle .

    Cliff
     
  2. Sam Yue

    Sam Yue Well-Known Member

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    I am confidence of Logan. Brisbane and Gold coast are like two big magnets, and they are very close and they are growing into each other. See the google satellite map, two cities's shapes are like that. When the two cities become one city, logan will be the city central:p.
     
  3. See Change

    See Change Well-Known Member

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    or maybe the central sewerage intake .......:p

    Cliff
     
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  4. JDP1

    JDP1 Well-Known Member

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    What you have described is about 20 plus years away.
     
  5. Sam Yue

    Sam Yue Well-Known Member

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    Well, that is long but a good trend. Population growth will be good in the area between brisbane and gold coast, more infrastructure and amenities will be in place for the added population.
     
  6. samiam

    samiam Well-Known Member

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    @See Change - hi cliff, care to share where you bought in previous cycle other than logan?;) what do you think of central coast?
     
  7. Phantom

    Phantom Well-Known Member

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    As an estimate Cliff, what kind of % gains did you see in Logan in the last cycle? Do you think the same gains are attainable this time around?
     
  8. See Change

    See Change Well-Known Member

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    Rockhampton

    Central Coast is nice , but has already moved strongly .

    we looked at buying there in 2013 , but bought in Manly / Wynnum instead.

    Cliff
     
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  9. See Change

    See Change Well-Known Member

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    Normally prices double in each cycle . Some places in sydney have done that

    Last time , Logan was going from 70 to up to 300 at peak . Don't expect to see that degree of growth .

    Mt Druitt peaked at around 24- 250 and is now around double that .

    Logan peaked higher than Mt druitt in last cycle but that peak was in around 2009 compared with 2003 in Mt Druitt.

    If you go on those figures , I'd be expecting Logan to peak around 600 in around 5-6 years . Seems crazy at this point , but 500 in Mt Druitt seemed crazy when places were selling around 200 ( it dropped back after it's previous peak as did Logan ).

    I'm not budgeting on those sorts of gains to get where I want to get to , but then I haven't bought in logan this time around ....;)

    I'm planning on at least a 50 % growth and if we get more great .

    Cliff
     
  10. RetireRich101

    RetireRich101 Well-Known Member

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    @See Change

    I'll hold you randsome on those figures for Logan in 5 years :p
    #checkbackin5years
    #onlywhennotyetbroke
    #
     
    Last edited: 1st Oct, 2015
  11. bob shovel

    bob shovel Well-Known Member

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    Great info!... Your a bloody oracle!

    Do you see rocky following a similar trend or will it follow a different path with the "mining boom " interfering? they've had some some pain up there already haven't they
     
  12. See Change

    See Change Well-Known Member

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    Rocky vacancy rates are high at this stage .

    I'll be waiting to see movement in where we are currently buying before we buy anywhere else , and then I'll be looking at rocky and a lot of other places .

    I've even been asking questions about Perth on the forum :D

    Cliff
     
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  13. bob shovel

    bob shovel Well-Known Member

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    Haha I have noticed. :)
    Atm I need a "Logan" very short term growth with a "Perth" few years out. But I'm currently searching for a Perth area fixer upper +future dev

    Would rocky be at a similar spot to Perth. Bottoming and high vacancies
     
  14. samiam

    samiam Well-Known Member

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    great post, @See Change
    I learned a lot from your posts - this post esp highlights how to do dd before you buy. Thanks.:)
     
  15. See Change

    See Change Well-Known Member

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    Outside knowing Rocky's not where I'm buying at the moment , I haven't looked closely .

    Don't really know Perth at all .

    We've bought several properties elsewhere and want to buy more . That's my priority .

    Cliff
     
  16. Greyghost

    Greyghost Well-Known Member

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    Investors are already talking about "missing the boat" in Logan.

    If the numbers still stack now with your strategy it doesn't matter if they are selling 30-40k higher than they were 4 months ago..

    Look at the numbers for what they are today.
     
  17. bob shovel

    bob shovel Well-Known Member

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    Let us know if your flying over for a chance to catch up
     
  18. bob shovel

    bob shovel Well-Known Member

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    True, There are still good deals just harder to find and need to act quick
     
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  19. Sam Yue

    Sam Yue Well-Known Member

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    I am waiting for movement as well. I bought 1 house in Enoggera last year, 2 houses in logan a couple months ago. I can still get 1 deposit by refinance, but I will hold down for a few months and see how it is going. I don't have the crystal ball, it is better to have some turn-around left.

    Actually, now not only sydney is slowing down, but also Brisbane, Adelaide, (of course perth and darwin) even New zealand:
    http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11519706

    UK:
    http://www.cityam.com/225572/housing-mired-uncertainty-brace-higher-prices-and-polarised-demand
     
  20. See Change

    See Change Well-Known Member

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    Last figures showed Brisbane investment was still increasing , unlike rest of Oz.

    Cliff
     

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