BA recommendation for buying in Redcliffe qld?
- Thread starter Truffle
- Start date
Can second Andrew.
I have no experience with any agents specifically working in Redcliffe however a few other names to try should Andrew be swamped
- Hot Property Specialists
- Property Pursuit
- Propertyology
Cheers
I have no experience with any agents specifically working in Redcliffe however a few other names to try should Andrew be swamped
- Hot Property Specialists
- Property Pursuit
- Propertyology
Cheers
If you need as well a local opinion, I live in Redcliffe and know a bit about the property market in general.
Hey Dave, thanks for your thoughts. It is tempting to try myself but the reasons I was interested in BA are:
1. I am really time poor and dont plan to view the property myself so I wanted to have someone to do the legwork on finding potential properties in our specs and viewing them
2. I have only purchased a couple of IPs in the past (none of which I own now) and am uncomfortable with not having someone at least look at a property before I purchase it
3. I dont know much about the redcliffe or brissy market, so i want local knowledge and experience in the market to help ensure I am buying in a good street etc, and at the right price in comparison to where the market is
of course this is all on the assumption that the BA i go with will be able to provide local market knowledge and is a savvy buyer, which is why i was after a recommendation rather than a google search
1. I am really time poor and dont plan to view the property myself so I wanted to have someone to do the legwork on finding potential properties in our specs and viewing them
2. I have only purchased a couple of IPs in the past (none of which I own now) and am uncomfortable with not having someone at least look at a property before I purchase it
3. I dont know much about the redcliffe or brissy market, so i want local knowledge and experience in the market to help ensure I am buying in a good street etc, and at the right price in comparison to where the market is
of course this is all on the assumption that the BA i go with will be able to provide local market knowledge and is a savvy buyer, which is why i was after a recommendation rather than a google search
Prop Researcher, thanks so much for your offers of local wisdom! I do have a few questions!
Do you (or anyone else out there in somersoft forum land) have any idea why the redcliffe and kippa-ring markets appear to have gone backwards in the last 3 years? Kippa-ring units seem to have gone backwards 26% over 3 years, and Redcliffe units almost 20%. Was there a large number of new units hitting the market 4 years ago, and new development has since ceased? and/or something else going on??
Have you seen construction start on this new railway? (It looks like it is now a reality but just wanted to make sure some turf has been turned...)
I also have a few questions in relation to good streets/areas - ideally walking distance to new train station and close to shops, restaurants etc, but I am not sure if that fits with areas that are currently seen as nice to live in (for renters, but i would still like something appealing for rental). But i might PM you about that if you dont mind?
Do you (or anyone else out there in somersoft forum land) have any idea why the redcliffe and kippa-ring markets appear to have gone backwards in the last 3 years? Kippa-ring units seem to have gone backwards 26% over 3 years, and Redcliffe units almost 20%. Was there a large number of new units hitting the market 4 years ago, and new development has since ceased? and/or something else going on??
Have you seen construction start on this new railway? (It looks like it is now a reality but just wanted to make sure some turf has been turned...)
I also have a few questions in relation to good streets/areas - ideally walking distance to new train station and close to shops, restaurants etc, but I am not sure if that fits with areas that are currently seen as nice to live in (for renters, but i would still like something appealing for rental). But i might PM you about that if you dont mind?
I own a townhouse on the peninsula and some of the reasons prices have gone backwards in the last three years is the same for ALL of South East Qld. A flood that spooked everyone, followed by a bankrupt state govt laying off staff and doubling the stamp duty for owner occupiers later in 2011 then Ms Gillard announcing a federal election in February 2013. In 2011 and 2012 there was a mass exodus of workers to the mining areas and Gladstone, hence demand for property down here decreased. Even our PPOR 16 klms from Brisbane CBD went backwards.
There has been an oversupply of apartments along the waterfront but their rate of building is slowing according to my Property Manager. Sales of houses in the suburbs close to the water are definitely picking up, units not as much yet. I don't take any notice of Rothwell and Kippa Ring though, I cant see them gentrifying like Scarborough or Woody Point. But that is just my opinion.
Yes, there are real signs of rail building activity all along the train line.
There has been an oversupply of apartments along the waterfront but their rate of building is slowing according to my Property Manager. Sales of houses in the suburbs close to the water are definitely picking up, units not as much yet. I don't take any notice of Rothwell and Kippa Ring though, I cant see them gentrifying like Scarborough or Woody Point. But that is just my opinion.
Yes, there are real signs of rail building activity all along the train line.
Hello, I would be interested in reading your thoughts on the region too.
Hi all,
Kippa-Ring doesn't have new units, the units that went onto the market are in Redcliffe Pde, also a block at Margate and some at Woody Point.
Scarborough seems continually popular with sea changers and families, while investors chase Kippa Ring. You've got to remember that only a small percentage of people will love to take the train from finished Kippa-Ring to the city. Rest are retired, work here, or are mobile. Redcliffe avg. income $880 per week.
The peninsula market for cheapie houses $290 - $350K is hot, according to to a RE agent friend (first home buyers are drawn here).
Units: I would not think these would be that great here, but I have not researched it yet. If you're set on units have you looked at Lawnton? Median price $206K, 7% yields, and just suffered big drop in value but yet to bounce back, close to train etc. http://www.yourinvestmentpropertymag.com.au/top-suburbs/qld-4501-lawnton.aspx
Hope I could be of help.
Kippa-Ring doesn't have new units, the units that went onto the market are in Redcliffe Pde, also a block at Margate and some at Woody Point.
Scarborough seems continually popular with sea changers and families, while investors chase Kippa Ring. You've got to remember that only a small percentage of people will love to take the train from finished Kippa-Ring to the city. Rest are retired, work here, or are mobile. Redcliffe avg. income $880 per week.
The peninsula market for cheapie houses $290 - $350K is hot, according to to a RE agent friend (first home buyers are drawn here).
Units: I would not think these would be that great here, but I have not researched it yet. If you're set on units have you looked at Lawnton? Median price $206K, 7% yields, and just suffered big drop in value but yet to bounce back, close to train etc. http://www.yourinvestmentpropertymag.com.au/top-suburbs/qld-4501-lawnton.aspx
Hope I could be of help.
Please PM further questions
Hey Dave, thanks for your thoughts. It is tempting to try myself but the reasons I was interested in BA are:
1. I am really time poor and dont plan to view the property myself so I wanted to have someone to do the legwork on finding potential properties in our specs and viewing them
2. I have only purchased a couple of IPs in the past (none of which I own now) and am uncomfortable with not having someone at least look at a property before I purchase it
3. I dont know much about the redcliffe or brissy market, so i want local knowledge and experience in the market to help ensure I am buying in a good street etc, and at the right price in comparison to where the market is
of course this is all on the assumption that the BA i go with will be able to provide local market knowledge and is a savvy buyer, which is why i was after a recommendation rather than a google search
Truffle,
i was in the area over the easter weekend, whilst looking at maps and google will help geographically but being on the ground particularly in the peninsula will help you to pick the better streets. as a general rule east of oxley is the general choice but is more expensive BUT there are some streets in the area that are on a hill like King st where being west of oxley will have ocean views.
if you have a budget of between 350-400 you will be able to buy into houses. kippa ring and rothwell are the 2 suburbs with the new train stations but they are not on the coast. rothwell appears to be when looking at a map but there is a lot of mangrove before hitting the water. the coastal suburbs are woody point, margate, redcliffe and scarborough. newport is the canal areas which is dearer to hold.
sing out if you require more info.
cheers
jerry
