All Topics / The Treasure Chest / Vote on CG or Good Buy at Redcliff .vs. Redland

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  • Profile photo of 111111111111
    Participant
    @111111
    Join Date: 2003
    Post Count: 29
    August 15, 2003 - 2:20 am

    I am comparing 2 bayside areas.
    Which one you think is a good buy and also for a goof CG.

    Let’s vote on it.

    RedCliff

    Median House Price ((Mar 03) : 207K
    House Vacancy Rate (Mar 03) : 4.31%
    Unit Vacancy Rate (Mar 03) : 5.41%
    Distance from Brisbane CBD : 28 Km
    Transport to Brisbane CBD : 1 hr drive
    : No train (can drive to Sangate)
    Vacant Land Avaliability : Almost run out
    Community : Low base

    RedLand

    Median House Price (Mar 03) : 247K
    House Vacancy Rate (Mar 03) : 1.74%
    Unit Vacancy Rate (Mar 03) : 0.55%
    Distance from Brisbane CBD : 20 Km (ie. from Wellington Point)
    Transport to Brisbane CBD : 1/2 hr drive from Wellington Pt
    : 45 min to 1 Hr By Train
    Vacant Land Avaliability : not sure (there might be some
    vacant land in Redland Bay,
    Clevelend, ThornLand ..etc)
    Community : More than Low base
    (may be median base)

    Profile photo of MelanieMelanie
    Member
    @melanie
    Join Date: 2003
    Post Count: 382
    August 15, 2003 - 2:27 am

    Which area gets higher rents? Know both from passerby perpective and from ‘feel’ only would go Redland for both CG and rent return.
    [8)]
    Mel

    Profile photo of 111111111111
    Participant
    @111111
    Join Date: 2003
    Post Count: 29
    August 15, 2003 - 2:43 am

    Here is the medain house rental.

    Reclifee : $190/week
    Redland : $210/week

    Profile photo of RoyTasRoyTas
    Member
    @roytas
    Join Date: 2003
    Post Count: 2
    August 15, 2003 - 2:47 am

    As this is my 1st post (this real estate game is very new to me) I am unable to comment on the figures you have mentioned. However, I am hopeful you may be able to tell me where to gain access to the stats on a particular area i.e median house price etc. Is there a website???

    Roy

    Profile photo of 111111111111
    Participant
    @111111
    Join Date: 2003
    Post Count: 29
    August 15, 2003 - 2:54 am

    RoyTas

    You ca get those data from Property Investor Magazine, Property & Life Style (QLD) magazie and also from REIQ as well

    Profile photo of Andrew_PAndrew_P
    Participant
    @andrew_p
    Join Date: 2003
    Post Count: 11
    August 15, 2003 - 2:55 am

    If I was to buy and live in I would go for Redclife. Also CG.
    If the property would need to be rented at any stage I would go for Redland.

    Profile photo of RoyTasRoyTas
    Member
    @roytas
    Join Date: 2003
    Post Count: 2
    August 15, 2003 - 3:30 am

    Thanks 111111,
    Greatly appreciated!

    Just looking at the house vacancy rate, I too would go for Redland if your aim is to rent the property out. Also closer to CBD

    Cheers

    Profile photo of MelanieMelanie
    Member
    @melanie
    Join Date: 2003
    Post Count: 382
    August 15, 2003 - 5:01 am

    Hi,

    Roy another good source of free demographics data is http://www.realestate.com.au – look under home price guide in the bottom left then use postcode snapshot on the rhs. Doesn’t have rents but has portion lending & loan repayment stats.

    Count Redland 3 v Redcliffe 0 ……

    [:)]
    Mel

    Profile photo of DramDram
    Member
    @dram
    Join Date: 2003
    Post Count: 82
    August 15, 2003 - 9:16 am

    Looking at the vacancy stats and distance to Brisbane/Public Transport available….. Redland for me.

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