Hi All
Just an update.
Was in brisbane on the weekend
Landed 730am Saturday morning and left 7 Saturday night
Great trip with some great findings. Saw maybe 11-12 properties in Camp Hill, Coorparoo, Mt Gravatt, Mount Gravatt East and Bulimba.
JCamp hill looked like a nice neighbourhood compared to Coorparoo and Bulimba even nicer and given this both of the 2 bedder apartments I saw were north of 400k compared to the 2 bedders in coorparoo that were around 330-340k (Slightly lower north of old Cleaveland road and more expensive south)
The MT Gravatt places were all old houses, not sure if its just the ones i saw but it really made me think twice about the suburb. A lot of them looked like they could use a good 20k reno before renting them out again. I didn't see a single open house where the house was < 20 years old and didn't need some desperate TLC. Maybe i'm just being too picky or cautious as being out os state means i'd have to take some time off for a reno or hire someone to do it adding to the costs.
Questions
What are all the houses in the Mount Gravatt region old and fibrous? (or was I just unlucky?) ;-) Any nice roads/streets i should have looked at? I saw a properties on Tantallon, Cavendish and Creek roads
Bulimba - Seems like a blue chip upper middle class yuppie suburb? Thoughts on investment here? What are the growth prospects? I don't mind spending 450k on an apartment if the growth is there. Since 2011 the median property price seems to be stable and not really moving up or down. saw a nice place on Hawthorne road near oxford.
Camp hill - I'm getting mixed info on this area? Thoughts? Last few years the median property price hasn't really changed.
Coorparoo - Seems like a good investment. If I keep south of old Cleveland and find a nice road (any suggestions on streets/roads that are better than others) I should be fine.
My money would be on camp hill and the neighbours of coorparoo and carina heights for your budget. Your budget just won't get much in Bulimba, although it's a really nice area.I can't see anything 450 in Bulimba really growing more than equivalent in the camp hill area for the money.