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knightm said:Edens landing is not a bad suburb at all. My brother owns 1 IP there, generally newer housing stock, lots of brick places, some on decent size blocks, the cheaper ones are on very small (sub 450) blocks. Shops are much smaller than beenleigh and takes a couple of minutes to drive either to logan or beenleigh to access the highways etc. For a (slightly) more upmarket area close to the infrastructure of beenleigh, its not a bad bet. yeilds would be lower than the cheaper areas, but if you want more depreciation and sanf (if lowbrow tenants worry you) then if could be a goer. Up on the hill there are some house with views over the area but these seem to be really expesive (50-80% more) compared to similar houses down on the flat - I guess people will pay for the view. The other area you might want to check out is Mt Warren Park. Its on the southside of Beenleigh and has a mixture of lower, medium and higher price newer areas. (My folks have 1 place there.)
Gotta agree with you, Tim - but then, I was fed the old "SEQ corridor" thing 21 years ago when we bought our first home in Logan. It's taken a while (a LONG while...), but then, so has the "boom"..... But our PPOR is now worth 4 times what it was worth then (ignoring inflation, of course )I think in time the whole SEQ corridor between sth Bris and Gold Coast will just be a BrisVegas, so endless sprawls of suburbs and freeways means that housing very close to major CBD, shops and transport will be a winner.
Tim said:I have had a typical 3 bdr brick/hardiplank rental in Eagleby since 1991 (lived in it myself for the first 5 years).
Bought in 91 for $73k, it rose slightly for two years, then lowered until around 2001, when it was worth about $65k (after 10 years). It peaked at around $220 one year ago and is now sitting around $185.