*((i made this post in another thread but thought i'd make my own thread))*
im so glad someone has brought this up (in another thread) as ive been following real estate around there for the last few years to see what its like compared to other neighborhoods such as darra, oxley, archefield, acacia ridge etc. (and even forest lake&springfield- which i personally am not that interested in)
being a town planning student (im 22) i've been taking note of all the developments and ammenities around this area and have come to the conclusion that DURACK is the place i hope to invest in for the following reasons:...
-whilst darra and oxley have the train line, the prices have gone up alot there and there seems to be alot more indutrial sites (i also work in Darra). Durack is more residential, and is basically integrated with oxley as the golf course is in durack.
- plenty of (new) bus stops around durack
- oxley golf course (off Blunder Rd.)
- fairly large shopping area with supermarket, dentist, videostore, tavern, resturant, some other shops, etc.
-took me 13-15 minutes to drive to CBD
-not much crime (i know a guy who lives in inala and he reckons its not as bad as people think- just has a bad reputation still. "durack" doesnt have the same stigma as inala)
-oxley hotel currently being completly redeveloped (its massive).
-2 service stations
-huge bunnings warehouse
-a fast food place (redrooster)
-mechanic
-2 other resturants or sumthing (cant remember, just drove past)
-some townhouse development in cintra st. (i'd go for a house with land though)
-
*this is getting too long so i will just wrap it up.....
in summary. i think Durack would be one of the most undervalued suburbs that i've researched and if you go on Realestate.com.au you'll see that every property in durack under say 320k is "under contract/offer" within a week. that, if nothing else has gotta say something. i saw a 3 bed house a few days ago on 635sqm with a pool and 2 bathrooms, so i enquired about it today and it had already been sold/contract for 278k!! (so annoyed). and a year ago i would've thought that was way overpriced.http://www.realestate.com.au/cgi-bin/rsearch?fslm=1&a=o&id=104036428&t=res
its probably fair to say that you cant beat inner-city houses (i also have an IP in Paddington) but prices have gone up so much that i wouldnt be able to afford the repayments on places around there now, unless i wanted to buy a 1or2 bedroom apartment or sumthing, but my dad wouldn't let me even if i wanted to as "its all about the land". my parents are my biggest critics and pretty much rain on my parade whenever i talk about this or that suburb etc (they own alot of innercity property). but even they said "talk to the bank".
so anyways if anyone has anything to add please do as i'd love to hear some opinions to see if my observations are accurate.
i might also make this the start of a new thread seeing ive typed so much
mike
im so glad someone has brought this up (in another thread) as ive been following real estate around there for the last few years to see what its like compared to other neighborhoods such as darra, oxley, archefield, acacia ridge etc. (and even forest lake&springfield- which i personally am not that interested in)
being a town planning student (im 22) i've been taking note of all the developments and ammenities around this area and have come to the conclusion that DURACK is the place i hope to invest in for the following reasons:...
-whilst darra and oxley have the train line, the prices have gone up alot there and there seems to be alot more indutrial sites (i also work in Darra). Durack is more residential, and is basically integrated with oxley as the golf course is in durack.
- plenty of (new) bus stops around durack
- oxley golf course (off Blunder Rd.)
- fairly large shopping area with supermarket, dentist, videostore, tavern, resturant, some other shops, etc.
-took me 13-15 minutes to drive to CBD
-not much crime (i know a guy who lives in inala and he reckons its not as bad as people think- just has a bad reputation still. "durack" doesnt have the same stigma as inala)
-oxley hotel currently being completly redeveloped (its massive).
-2 service stations
-huge bunnings warehouse
-a fast food place (redrooster)
-mechanic
-2 other resturants or sumthing (cant remember, just drove past)
-some townhouse development in cintra st. (i'd go for a house with land though)
-
*this is getting too long so i will just wrap it up.....
in summary. i think Durack would be one of the most undervalued suburbs that i've researched and if you go on Realestate.com.au you'll see that every property in durack under say 320k is "under contract/offer" within a week. that, if nothing else has gotta say something. i saw a 3 bed house a few days ago on 635sqm with a pool and 2 bathrooms, so i enquired about it today and it had already been sold/contract for 278k!! (so annoyed). and a year ago i would've thought that was way overpriced.http://www.realestate.com.au/cgi-bin/rsearch?fslm=1&a=o&id=104036428&t=res
its probably fair to say that you cant beat inner-city houses (i also have an IP in Paddington) but prices have gone up so much that i wouldnt be able to afford the repayments on places around there now, unless i wanted to buy a 1or2 bedroom apartment or sumthing, but my dad wouldn't let me even if i wanted to as "its all about the land". my parents are my biggest critics and pretty much rain on my parade whenever i talk about this or that suburb etc (they own alot of innercity property). but even they said "talk to the bank".
so anyways if anyone has anything to add please do as i'd love to hear some opinions to see if my observations are accurate.
i might also make this the start of a new thread seeing ive typed so much
mike