hi folks,
this is my first post on this forum, but have been a reader for a while,
i have 2 IPs, in victoria
I am looking at the bundaberg/bargara area for my next possible IP, i understand there is infrastructure going in at, i think, moore park area.
Would like to know if anybody as invested recently here and the potential for investment, the location seems good 15mins to beach from bundy, as good population,
any infrastructure/development press releases recently?
why the houses are so cheap towards other coastal areas in QLD?
any info/views would be great:
DDD
Hi DDD,
Welcome to SS
I'm not familiar with WA so cant you give you a good comparison to your area
but we've held 3 properties since 2002 in the Moore park area
Prices have obviously risen considerably since then but the feel of place hasn't
Nor has the feel of Bagara and Bundy.
Strangely enough the country folk seem to prefer the big smoke
and to them that is Bundy.They dont want to drive too far.
It's odd as the summer temperatures are 5 degrees colder and 5 degrees warmer nearer the ocean.
So for the moment, Bundy will rent quicker and for a bigger amount of $$$
Bagara has bigger developments closer to the foreshore with multilevel highrise buildings
If you like walking along the esplanade on a boardwalk then that's the place for you.
Fatboy mentions two beaches, but they aren't huge and rest of the foreshore is all volcanic rock
Also it's the Coral sea, so there is no huge waves crasing onto these rock, sure it looks nice but not spectacular with big swells crashing on the rocks.
It would be perfect if it was further north where you are resticted because of stingers and crocs
but this is in area where you can swim safely all year round.
Mon repro has a sandy beach which is not to far away but it is restricted as it the beach where most of the turtles go.
Personally I prefer Moore Park Beach's lifestyle as it's a quiet undisturbed town
No huge buildings, I believe the limit might be three storeys.
20 minutes to all hospital, airport, bunnings and other shopping you may need.
The almost north facing beach is all sand... 15 klm without a rock in sight
A sunrise instead of a sunset which will be a new experience for you.
and although they don't get spectacular waves they are still strong enough to do a bit of bodysurfing
There are some daggy houses in the older part of town nearer the caravan park
but most of the area has relatively new housing.
There is quite a few different new estates that have been developed and they range in size from the standard block.
acre blocks on the foreshore and 5 acre farmlets and quite a few different sizes in between.
Some really impressive forshore dwellings as well.
The foreshore has a green belt area/reserve in front of the properties
as well as conecting walkways to the internal green corridors
Rents aren't great, but have moved up just recently.
Buying up a forshore place doesn't get you executive rental as the demands aren't there.
Dont know if this is also the case in Bagara.
Buildings will be a little higher in cost to build
all houses north of the river in Bundy need to build cyclone proof.