Hi All,
I am contemplating buying an IP townhouse in Kippa-Ring. Anyone bought in that area and have any advice?
I am looking at a long-term investment so quick growth is not important.
Tanya
Hi Tanya
Is that anywhere near Fleet St? Anyway, regardless, I wouldn't buy there expecting much capital growth. You can work out the returns yourself. I doubt it would be worth it. Sorry to rain on your parade but I think if you can buy a cheapie house that is closer to the water is the way to go. People move to Redcliffe because they want to be near the beach.Now I have a house down near Hercules rd primary school. I don't expect much in the way of capital growth. It doesn't get the sea breezes, and all the units/townhouses will one day be cheap housing for the unemployed. They don't stay new and shiny for long. I'm not concerned about my house because it is brick and tile and has a grannyflat out the back which I rent out separetly. Thus, the return is great.
Of course this is just my opinion.
Good luck in whatever direction you choose.People make a big song and dance about the new bridge……a bridge that was needed and promised 20 yrs ago. When they built the Houton hwy, it was supposed to go in one direction while the Hornibrook went the other….thus providing the much needed 4 lanes. Well it didn't happen. Finally something is to be done and it will be adequate without being more so.
Thanks for your advice Milly.
The property is in Fleet Drive.
At least I am not going in expecting huge capital growth so eyes are wide open.
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