PERTH
ELLENBROOK- The new shopping centre starts construction, supposedly MYERS already commited, it’ll become the biggest shopping centre in Perth, Somebody from Multiplex is Changing his farmlet next door to a residential area ( 400 lots i believe ) and another land owner nearby is allready looking at doing the same..
MIDLAND- the Council etc ‘pushing’ for further developements here, Dept Of Land Administration allready here, Police Communications Centre now in Midland..and still cheap too, some social problem’s but hey, it’s not Redfern..
And The South West… Lots planned
The nature of this thread ?
Follow the Big money ?
can’t see it necessarily being ca$h flow positive..possibly ‘great’ growth though [
]REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
I have just been told by someone who owns a property in Gloucester that two mines are going to be opened.
There has also been a sudden increased interest from buyers there.
Please do your own due diligence.
Pisces
re the Bris-GOld Coast Corridor, I am a little cool on it. Back in the 80s when it first took off, lots of people moved up from down south for cheaper housing. There were a lot of social and economic problems due to poor job opportunities. The same can be said for the Caboolture Shire in the north.
I accept things have changed a bit since the 80s, but i still think it is wiser to buy where the job more solid. Brisbane City seems to still have the edge over the corridors in that respect.
SE Qld employment is still very much local service based, not a good thing considering the growing level of personal debt in Australia.
Bruce
Mooloolaba, QldAs Bruce says : “I accept things have changed a bit since the 80s, but i still think it is wiser to buy where the job more solid. Brisbane City seems to still have the edge over the corridors in that respect.”
I agree 100%. If one wants to have less upheavals in one’s life one doesn’t get too involved in precarious situations which may cause havoc in one’s life.
A bit less return in return for less or possibly no hassles isn’t that the way to go ?
What is wrong if it takes a bit longer to reach one’s goals ?
I would say nothing, even if one is an old man in a hurry. [
]Actually, an older person can afford even less to take risks than a younger person.
Playing defense, defense, defense isn’t a bad idea (as long as one doesn’t take it that far that one ends up sitting on one’s hands).
Pisces
Now thats what I’m talking about!
A forum specific to developments projects and growth regions. I already put my 2 cent email in to the administrator…
Another area to look at is the M2 extension which will open up a lot of suburbs with better access to the city. Castle Hill was a good example of when the M2 was built. That suburb increased dramatically.
Lee
I agree 100% with Redfern in Sydney, it’s a nice gamble.
Yet disagree with Fairfield. Prices in Fairfield are already high due to high demand from a constant flow of new migrants who find some ethnic cohesion there. The recent approval of several high rise buildings will do nothing to increse the value of the place. Cheap flats never have that effect To the contrary I think it will deteriorate the place even further (if that is at all possible) to a new Lakemba or Cabramatta.
May God bless you
and prosper you.
MarcA really left field one here. Listening on the Country Hour on ABC radio a week or so ago about a major water discovery in Northern territoy that will increase fruit and grape production and bring in a heap of jobs as there is just about all season production (including Asian markets). Trouble is I was in the car and didn’t write down where it was[confused2]
______________________
I know I can, I know I can
hey gramyre,
I think this is what you are talking about
http://www.abc.net.au/rural/nt/stories/s1090321.htm
james
H,
I totally disagree with “TheFirstBruce”
Employment opportunities in the corridor have had a huge increase and it is still growing – for instance – take Carleton United Breweries – they are in the process of building their biggest plant in Australia at Yatala and Aldi have just announced that they are building their major distribution centre in Yatala also.
And everyone one knows how well Bunnings researches it’s areas before setting up shop ” Bunnings have been fighting tooth and nail to get into Beenleigh !! but have been outed by the first Mitre 10 Mega store in Australia – which will be completed next month – this is just a small part of the economic growth for the Corridor and there is more to come.
The Corridor has totally changed from the 80’s
and people are definately reaping the rewards.Cheers
Ginamarree[biggrin]The growth is in QLD, forget NSW or VIC.
On average 5 families a week move into QLD. The estimate I read re SE corner is in 20 years the current population of QLD will reside within the SE corner- thats a triangle area of Sunshine coast to Tweed to Ipswich. Very soon it will be built in totally and the only way you will know you’ve driven into another area is by the signage.
Cairns is a hot tip, people are moving into the area from all over Australia, they estimate in 20 years the population will double. The problem is with the mountains behind the coastal strip there will be a big competion for land near the city. Competion = Higher prices.
What do you think? Let me know, maybe we should start a syndicate; better than super?
Kev
Perth
I agree Redwing
Ellenbrook will see good CG for the foresseable future
In 5 -7 years it will be bigger than Bunbury.
Huge New S/centre has started- Woolworths/Kmart etc – Darwin Hwy going in right next door – 2 new Land developements started.
Large rental demand – vacancies about 1%- but most (all) Properties are -ve.
Kewdale and Southwest?
Karratha and Hedland up north with all the big developements/projects
Just afew possibles.
rgds
CobraHi Bigben,
I agree with you ( I know it was a old post) there is some merit in certain parts of islington. However, the idea that street prostitutes will move just because middle class families move to the area and pay alot for the homes is not a reality.
.
A more likely senario is that the pros will stay and the resident will pride themselves on living in such a “colourful” and “earthy” area.
.
Your point about the changing demographics is a good one though.
.Henry
Quote:Originally posted by Cheata68:
[
Cairns is a hot tip, people are moving into the area from all over Australia, they estimate in 20 years the population will double.Hi Kev,
I agree – Cairns was mentioned in the media as one of the next hotspots. However, with this and other places mentioned, how do they sustain the job situation – how can for example -double the number of people moving in – wouldn’t there be a limit as to job vacancies in these areas?Yo Ho Samwise
At the risk of sounding like I am flogging my own product, the smaller towns in New Zealand look set to follow the larger cities (already boomed) in the same way it happened in Australia.
Dan.
Looking for positively geared property? Check out http://www.positivelygeared.com.au
Take a look at Hastings on westernport bay, near melbourne. It’s the last place you’ll find waterfront suburb homes within walking distance of the foreshore for 190k to 250k. It’s underpriced cf rosebud and the like.
“5 familys a week” moving to QLD sounds a bit low…I heard it was 1000 a week (50KPA)
In any case, its a healthy buffer for prices and rents.
My opinion may be a little tainted because I live here but i have to agree with yack on this one..
Frankston is the only bayside suburb left in Melbournse where you ban pick up homes within walking distance to the beach for under $300K
Not to mention the fact that there is sooo much development going on within the CBD and foreshore areas. These include:
– development of wells street car part into cinema complex, retail and restaurants (currently underway due completeion Dec 2004).
– development of beach street carpark to double the size of bayside shopping centre (due to be completed Dec 2005)
– Foreshore re-developments Almost complete. new foreshore restaurant currently underway)
– Marina due to go ahead..currently being put to tender, work to start on it by the end of 2007.
– relocation of Frankston train station. govt spending millions on beautifying wells street to make it an attractive retail promenade linking the train station tothe foreshore area.
Values should go up uner this much investment.
My 2 bobs worth
QLD: it is booming out west of the ranges past toowoomba, not enough places to sell I am told. Prices have jumped, cant get enough. Thats RE talk not mine.
Logan: seen good growth despite some pretty bad socio-economic problems. I dont know much about ipswich (lack of time). Hi rental area, but can be problematic.
Good coast to Brisbane, the gaps are lessening, the growth is increasing, upper coomera prices were rocketting two years ago. still possible to get good rental returns and growth – well last time i looked.
Yatala has the best PIES!, but it concerns me that there is a pet food place close by….LOL
NSW
Penrith: St Marys, ADI site to be developed, new housing estate, new CBD developments aided by the great olympic sites and rowing regatta in Penrith, Prices have near doubled in three years in some areas. I feel Penrith will growBlue mts: pricy now, some cheap places still to be found, but I wouldnt say on the positive side.
Land is at a premium as in limited supply. It has become a very touristy place.” a blind man may see what a sighted man may not”
]
]
You must be logged in to reply to this topic. If you don't have an account, you can register here.
