Strong Growth in Brisbane

Yeah Strathpine seems to tick all the boxes at the moment. You've got prices in the $310-360K region so in terms of distance to CBD to price ratio it's still about 50-100k cheaper than it's neighbours. Also yield is a lot better than neighbouring suburbs being able to get yields of 5.5-5.6% (which would still come out cash flow neutral if using a cheaper PM and after depreciation) compared to 5% of the surrounding suburbs. Main train line, Westfields, private and public schools, high owner occupier proportion and the suburb going through change with lots of old folks moving out and new young professionals moving in. Finally, the prices are still below what you were paying 3-4 years ago and with little competition from other buyers you should be able to pick up something decent.
 
Yeah Strathpine seems to tick all the boxes at the moment. You've got prices in the $310-360K region so in terms of distance to CBD to price ratio it's still about 50-100k cheaper than it's neighbours. Also yield is a lot better than neighbouring suburbs being able to get yields of 5.5-5.6% (which would still come out cash flow neutral if using a cheaper PM and after depreciation) compared to 5% of the surrounding suburbs. Main train line, Westfields, private and public schools, high owner occupier proportion and the suburb going through change with lots of old folks moving out and new young professionals moving in. Finally, the prices are still below what you were paying 3-4 years ago and with little competition from other buyers you should be able to pick up something decent.

hi lovestruck

i'm not sure if you are aware, strathpine has a lot going for it. council is rezoning significant parts around the train station and pumping money into infrastructure. it may pay off for you to download the council's master plan for more info.
 
REIQ release from a few days ago:



Queensland real estate records solid growth

Wednesday 21 May 2014

Queensland?s residential property market enjoyed steady growth in the year to March amid increasing buyer confidence, according to the Real Estate Institute of Queensland (REIQ).

The REIQ March quarter median house price report reveals solid and sustainable house and unit price growth in most of Queensland?s local government areas.

REIQ CEO Anton Kardash said the results showed Queensland?s real estate market was firmly in recovery mode.

?Median prices are on the rise and properties are selling quicker throughout Queensland, as buyers take advantage of more favourable market conditions,? Mr Kardash said.

?Total house sales numbers for the State recorded their fourth consecutive quarterly increase, up 8.3 per cent over the March quarter 2014.

?The unit and townhouse market has now finally followed suit, with significant increases in activity across the state.

?We?re seeing sustainable growth without any rapid price swings, which is the sign of a healthy market.?

The REIQ March quarter results found all but three of the major regions across Queensland posted a steady or better median house price result over the year.

According to the REIQ, the Brisbane median house price remained relatively steady over the March quarter, down just 0.4 per cent to $560,000.

For the full year from last March, Brisbane?s median house price increased 5.9 per cent, on the back of increased sales activity over the period.

The top performer of all major regions outside Brisbane in the March quarter was Cairns, which recorded a median house price increase of 5.6 per cent to $375,000

?Cairns is performing strongly as investors return to the market, buoyed by growing confidence in Queensland?s tourism regions,? Mr Kardash said.

?This includes the Gold and Sunshine Coasts, where properties are changing hands quicker and prices are recording steady increases.?

After four consecutive quarters of increased sales activity, the Gold Coast posted an increase of 4.2 per cent in its median house price to $500,000 over the March quarter.

The Sunshine Coast also recorded a positive result, with its median price up 2.0 per cent to $465,000 over the March quarter.

Another solid performer was the Fraser Coast, which recorded median house price growth of 2.9 per cent to $300,000 over the three months to March.

In Toowoomba, sales activity remained steady over the quarter, with the median house price easing 1.2 per cent to $325,000.

In the remaining major regional centres, sales activity continues to ease, however median house prices remained relatively steady for most.

In Rockhampton, the median house price was up 3 per cent to $329,500 while Townsville was up 2 per cent to $364,000 over the quarter.

In Mackay and Gladstone, median prices fell 1.2 per and 0.6 per cent respectively, while Bundaberg saw its median drop 3.8 per cent to $269,500 over the March quarter.
 
Shhhh I'm looking at buying in strathpine lol.

How about the south of deception bay?

What do you consider as the south of Deception Bay - Moreton Downs or over the back fence to North Lakes. :eek:

Hey, Deception Bay could become North Lakes North, or North Lakes could become Deception Bay South. :D
 
Also why is Lawnton cheaper (buy and rent) than strathpine.

Bad area?

I used to live in Lawnton in the 1980s, much to my parents' disgust. At the time it was no different but the perception was there. Let's say that Strathpine was for families and Lawnton was for pensioners. Those families in Strathpine would all be aged pensioners by now. Both suburbs are heaps nicer than Logan in my view. Lawnton has traditionally had a bad name, but as long as you stay off the main road and out of the massive unit complexes it was nice for us. Michael Lavarch lived two streets from us before he became the Attorney General and built a new home on a huge block of land.

I want to add that I have no idea what these two suburbs are like to live in these days. We recently drove all over them on a weekend and they looked fine.
 
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So it's just a name reputation.

"Both suburbs are heaps nicer than Logan"

I thought that was funny lol. When people ask where I bought I tell people I bought in the Mt Druitt of brisbane.

I didn't mind logan from what I saw
 
I thought that was funny lol. When people ask where I bought I tell people I bought in the Mt Druitt of brisbane.

We bought in logan having worked in Mt druitt for a number of years. After the early 2000 Mt Druitt Boom , many of my patients were selling up and buying in logan which they said was much nicer than Mt Druitt .

When we finally got up to check out logan , my wife's opening line was " Mt Druitt with palm trees ".

Cliff
 
Much nicer in Redcliffe hey :)

I'd love to buy there next

I like the prospect of Redcliffe for the relatively low buying price ATM.
Beautiful coastline, great shops, parks and sport fields close to Brisbane.
With the new rail line, Brisbane will become any easy commute for school kids, city workers, people wanting city shopping or to catch a show (maybe a game of football ;)) or to see a specialist. I can see it will be very attractive living for families and retirees.
 
Just keep in mind if you purchase property in the Morton Bay council district, investment properties are charged higher rates over owner occupied.

Must be for the better services we get!
 
Just keep in mind if you purchase property in the Morton Bay council district, investment properties are charged higher rates over owner occupied.

Must be for the better services we get!
I imagine this practice has been suspended until the matter is resolved in the Courts. A class action against Mackay Regional Council for this practice was recently successful. The Local Government Association is appealing the decision because it affects so many councils, but it would be a brave council that continued to charge investors more in the interim:

Paton & Ors v Mackay Regional Council

e.g. news article: Councils face huge rates refunds
 
Just received a notice in the mail that it is the case and I called the council this morning who confirmed it! Another $250 per year over an owner occupied.
 
Just received a notice in the mail that it is the case and I called the council this morning who confirmed it! Another $250 per year over an owner occupied.
The Court is going to crucify them if the decision I referred to is upheld, and they'll definitely have to refund it. I don't think Courts take kindly to their decisions being flouted.
 
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