Brisbane Housing Market

I read a post earlier on here about the coming Commonwealth games on the Gold Coast in 2018… ? possibly consider the GC? I think the majority of work is being done in Southport.

But I think as close to the city you can get in Brissy will be a safe bet rent and tenant-wise. 

Buying with your SMSF, assuming on 80%+ LVR you would be neutral/positive position in most cases and areas, hence why lenders put this requirement in place for LRBA.

consider:

Carindale is one of Brisbane's most searched suburbs on realestate.com.au, with a median house value of $650k However, a few kilometres away is Tingalpa, where house values are 30 per cent cheaper.

or

Ashgrove is the second most popular, with median house values at $740,000. However, a short drive away is Enoggera, where the median house value is $510,000, a 30 per cent saving.

Realestate dot com have a few good tools to see the most searched suburbs and most volume of properties for sale, then Google Map surrounding suburbs  and buy for a 30% + saving

Good luck!

Anything inside 10km is moving well, anything inside 5km even better.  Price and target market for your tenants will be a deciding factor.

If your not from brisbane, south side has the entry level properties, I recently bought 4 x 1 bedunits with 48m2 floor area for $110k each in Park ridge which is near greenbank and only 4km from sunnybank which are both expensive areas. During the next upturn these units will be worth around $200k each

Stay away from logan unless you find a good deal. Theres also good side of the highway and bad side of the highway areas on the south side, aka acacia ridge and sunnybank.

Most places north side are a sure thing

Im investing heavily in Gold coast at the moment, the market is highly depressed – but wont be like that for long. After they finish the light rail the values will start to pickup mid next year, then automatically follow brisbanes upturn. So 2bed units selling for $170k now will likely to go up by 20% once the light rail is completed, and the games will speculate prices even more

Yes just picked a 2bed unit up in Southport for $160k rent at $250 p/w tenants been there for 7 years. Close to beach.

Im pretty much buying anything with 2bed Under $180k. Im hoping to get 3 more by may next year. Gold coast is in a very good position for capital growth in the next 24 months – and thats automatic equity.

Alderley is considered a good suburb however the local shops there are disintegrating, slowly store owners are closing up – almost half of them.

Chermside is the best of the three you have chermside shopping center close by and a main rd straight to the city including clem7.

Coopers plains is industrial area, very run down.

Thats normal price aka retail for alderley, the suburb is very diverse. Only way i would personally buy that is if it has subdivision potential as its a blue chip area.

* try and stay away from that evil shopping center, all the back streets are very good (attached location of shopping area) when you see it youll understand