All Topics / General Property / Starting to look at QLD

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  • Profile photo of StevenSteven
    Participant
    @steven1982
    Join Date: 2017
    Post Count: 189

    Hi all

    My family are considering buying a place in QLD, that can function as our “holiday home” for the moment, but can become our “future home” as prospect of us relocating to QLD is on the cards. My wife thinks VIC winter is too cold for her liking and she has some good impressions with QLD.

    Anyway, we don’t necessarily want to buy a house with big blocks of land as a glance at various locations seems to suggest a house with big land would cost at the very least some $600K and more.

    I do notice between Sunshine cost and Brisbane Metro and Gold Coast, if I look at say, Morrayfield or Caboolture or Coomera, Beenleigh…. I do notice that Townhouses are still advertized for below 350K (and can rent for between $320- high 300 per week for the time being).

    The reason for looking into those areas is mainly because they are not too far away from Brisbane, and at the same time, within 1 hour drive from one of the “Coast” locations, and their pricing aren’t as crazy as Brisbane city itself.

    My question though is since I have very little knowledge of QLD market…. are there any gotchas for those areas? such as: too dependant on seasonal traffic? natural disasters? any other quirks I need to be aware of?

    Profile photo of Colin RiceColin Rice
    Participant
    @fms
    Join Date: 2011
    Post Count: 338

    My question though is since I have very little knowledge of QLD market…. are there any gotchas for those areas? such as: too dependant on seasonal traffic? natural disasters? any other quirks I need to be aware of?

    Check for flood zones and also the cost of insurance.

    QLD is currently booming atm and will probably do so for a while yet so don’t leave it too long if you want to get some potential uplift in the value.

    • This reply was modified 1 year, 5 months ago by Profile photo of Colin Rice Colin Rice.

    Colin Rice | CDR Finance
    http://cdrfinance.com.au/
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    Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]

    Profile photo of StevenSteven
    Participant
    @steven1982
    Join Date: 2017
    Post Count: 189

    Actually, I posted the same in whirlpool forum and the feedback so far has been that Coomera is the only one from those I listed that are worth considering, due to demographic reasons and crime reasons….

    Some suggest I look in Logan region, still possible to get a house with 300K, or some better suburbs where we can try to get a newer / better townhouse for 300K…

    Is there like an online database I can look at for a compherensive / easy to read map / table of some sort that can outline flood zones

    • This reply was modified 1 year, 5 months ago by Profile photo of Steven Steven.
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