QLD Which Brisbane suburbs have lots of old 2/3 levels of old walkups ?

Discussion in 'Where to Buy' started by Kangaroo, 27th Dec, 2015.

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  1. Kangaroo

    Kangaroo Well-Known Member

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    HI,
    I am from Sydney and due to limited budget I would like to invest an old walkup unit in Brisbane. Have no idea where they are. Which suburbs have more of them ?........Thanks in advance.
     
    Kangaroo, 27th Dec, 2015
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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Start looking in Kangaroo Point then work your way out.
     
    Scott No Mates, 28th Dec, 2015
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  3. wylie

    wylie Moderator Staff Member

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    Coorparoo, Holland Park, Annerley, Morningside - tick "surrounding suburbs" and you'll find a lot.
     
    wylie, 28th Dec, 2015
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  4. Gockie

    Gockie Life is good ☺️ Premium Member

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    How much is your limited budget? 300k? 500k?
     
    Gockie, 28th Dec, 2015
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  5. norwoodman

    norwoodman Well-Known Member

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    Windsor, Clayfield, Wavell Heights, Nundah and surrounds on the northside have quite a few walk up unit blocks as well.
     
    norwoodman, 28th Dec, 2015
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  6. Kangaroo

    Kangaroo Well-Known Member

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    it would be under 400k.
     
    Kangaroo, 28th Dec, 2015
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  7. willair

    willair Well-Known Member Premium Member

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    Have a look around Moorooka,Yeronga,with all the new units walkups in moorooka the older 2 bedroom ground floor units with off street parking would be below 400k..imho..
     
    willair, 28th Dec, 2015
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  8. Angel

    Angel Well-Known Member

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    Stafford, Gordon PArk.
     
    Angel, 28th Dec, 2015
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  9. Azazel

    Azazel Well-Known Member

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    For under $400k, add to these the suburbs on the Ferny Grove line out as far as you care to go.
     
    Azazel, 28th Dec, 2015
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  10. BarneyRubble

    BarneyRubble Well-Known Member

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    Toowong, Auchenuflower, Taringa, Indooroopilly would be on my target in that price point for walk ups. On the train, close to the river and city. Major shopping centre in Indoodo (and less so in Toowong)

    Hopefully I am not too off track with the dollars. I have lived in the area in the past and its an attractive area.
     
    BarneyRubble, 28th Dec, 2015
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  11. sash

    sash Well-Known Member

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    Yes second that

    ....add to that Morooka...Kedron....Nundah...
     
    sash, 29th Dec, 2015
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  12. Ember

    Ember Well-Known Member

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    I am curious about what kind of growth people think these kind of units will have. I am sometimes tempted by the buy in price compared to houses and most units rent Ok if you get lucky, but I haven't seen a lot of capital growth in this style over the last few years in the inner west of Brisbane and wonder if there will be much CG in the future. Houses in the area are getting top dollar though.
     
    Ember, 29th Dec, 2015
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  13. wylie

    wylie Moderator Staff Member

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    Our son's six-pack style (Greenslopes) was purchased six years ago for $290K (close to the cheapest of its type at the time), he put about $10K maximum into it, and its value today would be about $350K.
     
    wylie, 29th Dec, 2015
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  14. sash

    sash Well-Known Member

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    As houses get very expensive in the inner suburbs...the units prices will rise. Once a house gets to say $1.2 median in a suburbs....the unit prices should be at least 50-60% of that median.
     
    sash, 30th Dec, 2015
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  15. wylie

    wylie Moderator Staff Member

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    Probably should have added to my comment that prices have been stagnant for much of that time and hopefully Brisbane prices will continue to rise.
     
    wylie, 30th Dec, 2015
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  16. Ember

    Ember Well-Known Member

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    I agree Brisbane older style unit prices have been stagnant for many years. With so much additional supply in the inner ring, not just the CBD, I wonder when the CG will come in these areas.
     
    Ember, 30th Dec, 2015
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  17. Kangaroo

    Kangaroo Well-Known Member

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    Thank you everyone, It looks like it is safer to stay in Sydney if I can find those fire sale although the waiting period may be longer than Brisbane ?
    I have observed a few of the recent asking prices which is 10% to 15% lower than , say, 2 months ago.
     
    Kangaroo, 31st Dec, 2015
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  18. Gockie

    Gockie Life is good ☺️ Premium Member

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    Really?
    I think its safer to diversify and look interstate if you already own in Sydney. Don't have all your eggs in 1 basket in case Sydney has a long prolonged flat spell which it may well be heading into. So my next question. For 400k, why not go for a house or townhouse on land in Brisbane? Have you gone up for a look?
     
    Gockie, 31st Dec, 2015
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  19. big max

    big max Well-Known Member

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    I disagree. It's not at all "safer" to stay in a market that has likely peaked and/or is overvalued.

    Buying elsewhere where the dynamics all point towards good value makes much more sense, not to mention the benefit of diversifying in itself. Do check out Brisbane and also Gold Coast.
     
    big max, 31st Dec, 2015
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  20. Bran

    Bran Well-Known Member

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    For under 400K, I'd look at Greenslopes.
    There is some supply coming on board at Stones Corner, but it's taking a fairly long time and is not an enormous development.
    But, it doesn't take a whole lot more money for a house on 600m2.
    Apartment supply is literally limitless, only the land can't be built upward.
     
    Bran, 31st Dec, 2015
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