I'm ready to buy IP #3 and #4 (2 townhouses in Logan region), and I've been speaking to agents and doing some research on the area.
I've been offered 2 townhouses in Eagleby and Beenleigh for $160k purchase price, $260/wk rent (off market deals) which seems like better value than anything else I can find at present. I'm trying to get my head around the socio economic status and the location of each of the Logan areas...
From what I gather, Beenleigh and Eagleby are about a 6/10 for demographics but aren't as well located as Waterford West and Woodridge, however council has plans to make Beenleigh a Principal Activity Centre.
Waterford West seems to be the leader in terms of location and demographics (8/10 in each), while Woodridge seems to be the lowest socio economic area, with slightly cheaper prices and lower rents.
Not sure about Kingston, Logan Central etc.
Any input on the above would be appreciated. Also I've noticed that you need to be wary of the flood zones and strata fees can vary a lot.
I'll be visiting QLD in 2-3 weeks to do some ground work myself but seeing as properties are starting to sell quicker and quicker, I'd like to secure 2 properties before this if possible.
Cheers
John
I've been offered 2 townhouses in Eagleby and Beenleigh for $160k purchase price, $260/wk rent (off market deals) which seems like better value than anything else I can find at present. I'm trying to get my head around the socio economic status and the location of each of the Logan areas...
From what I gather, Beenleigh and Eagleby are about a 6/10 for demographics but aren't as well located as Waterford West and Woodridge, however council has plans to make Beenleigh a Principal Activity Centre.
Waterford West seems to be the leader in terms of location and demographics (8/10 in each), while Woodridge seems to be the lowest socio economic area, with slightly cheaper prices and lower rents.
Not sure about Kingston, Logan Central etc.
Any input on the above would be appreciated. Also I've noticed that you need to be wary of the flood zones and strata fees can vary a lot.
I'll be visiting QLD in 2-3 weeks to do some ground work myself but seeing as properties are starting to sell quicker and quicker, I'd like to secure 2 properties before this if possible.
Cheers
John
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