My buyers agent has just sent me a potential buy in Yamanto, Ipswich. I know nothing about this suburb so hoping to get an idea from the Property Chat experts on feelings of Yamanto and anything to look out for? Cheers, Robbo
I’d question your buyers agent loyalties. Much better deals with a lot less risk to be found in Ipswich.
Why does everyone hate Yamanto so much? Great area, no "black soil" (well, less), easy to rent, quality tenants, modern homes, immediate access to Cunningham Highway.
No hate, just thinking there are possibly better prospects. For the OP who appears to be after a buy and hold with prospects of CG, my impression of a high number of new cut and paste stock, large housing estate developments in and around the area, and plenty more land to develop screams lack of scarcity and increased risk to me. I know there are some immediate drivers with Amberley expansion and Development jobs, but it’s current house price trajectory doesn’t really offer much nor can I see more future upside compared to other established suburbs in Ipswich. If people have been buying here and seeing growth in the last 12 months and are confident over the next 5 years, it’s news to me. You may have a better handle on things, do you have many clients in the area?
What Dan said. The newer estates west of Ipswich have unlimited land available. If you go back to the early 2000s, people buying H&L there had nil or negative growth for ages and ages. ASAIK prices out there are still the same as they were 2 cycles ago.
