Hi All,
Anyone know if there are any SE QLD suburbs around Brisbane for a 3-4 bedrooms house
for less than $300k?I’ve been looking at Morayfield & Narangba area. Anyone know if this is a good area to invest in?
Thanks & Cheers
loveinvesting.
Hi Morayfield it northern suburbs as far as I am aware
Narangba and Morayfield are really taking off at the moment. Narangba is a little closer to the city than Morayfield – you also have Burpengary in between the two of them (another area that is taking off).
Approximately 30 minute drive to the city on the Bruce Highway and also about 30 minutes drive to Caloundra / Bribie Island. Travel to the city via train is approximately 45 minutes.
I grew up around that area and it has definitely come along since then. I would think the closeness not only to the city but also to the Coast make it a good option – and still pretty affordable at the moment as well. Also about 15 minutes from Redcliffe which you may have seen from other posts is really booming at the moment.
Linda
Hi loveinvesting,
Have you considered the western suburbs….Inala,Darra would be my suggestions for under $300k. They are both in close proximity to nicer suburbs (forest lake/oxley) and about 20 or so minutes from the cbd.They have held a bad name in the past but the way i see it if brisbane keeps growing it will get too expensive for those people giving the suburbs a bad name to live in.Cheers
AngeloI'd suggest you have a look at Ipswich as the area is expected to triple in size over the next 20 years. An average house in good condition will cost $220 $250K and you should expect 5-6% return.
Thank you all for your sugguestions and opinions.
It is often a challenge investing interstate. I am from Sydney venturing up to SE QLD (supposingly the highest growth population growth in Aust).
I have heard of Redcliffe, Inala, Darra and Ipswich and am interested in these suburbs as well. Without having the local knowledge, It is often hard to judge whether these subs are good investment or not.
Thanks again and Happy Easter!
loveinvesting
Hi loveinvesting,
If you need any further details on Ipswich please feel free to drop me a line,
I've been looking at Morayfield & Narangba area. Anyone know if this is a good area to invest in?
Back to your question.
Good areas to invest in. Well that depends on your investment strategy and the outcomes you invest for.
If you wanted the facts and figures i'd assume you would have them by now.
Solid performers with improving rental returns. Narangba is still an emerging market.
I just bought in the Logan area south of Brisbane. It has a reputation for a bit of a "rough" part of town, however, property is going great-guns at the moment. Property is selling within a couple of days of being listed.
You can easily find a house under $300,000.
I have read a great deal on the Logan/Beenleigh area which is apparantly set to boom over the next few years due to major growth and urban renewal.
Hi lovelnvesting,
I would have a look at Springfield.
Springfield lakes is an excellent development by Delfin http://www.springfieldlakes.com.au/ and the area is booming in the last few months a University and Education City has opened as well as Orion shopping centre, you can get deals under 300k but close by Springfeld may find slightly cheaper deals and bigger blocks.Cheers,
Grasshopper
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