Re: Re: messages below in Brisbane, and regarding the baby boom migration to the Coast.
I have been following some various undeveloped areas over the last number of years on the Sunshine Coast, with the intent of one day investing and eventually living on the coast. For me, I grew up near the coast, in a small hicksville town with my relatives on the coast living the dream so to speak. So in the end it is where I'd like to settle.
I have been away from home for a number of years now and have managed to invest in hicksville and I am seeing in the last year or so some noticable gains in the market value, particularly in the last 12mths. At least I know the market there and am able to make affordable repayments for resonable returns.
Surprisingly the Sunny Coast and Hinterland has gone up madly, in my eye, so much so my relatives have actually moved closer to hicksville, sold their now prestige near six figure property and diversified their cash across a couple of property investments giving them a nice income, quiet lifestyle and they managed to be at a distance that is near to the beloved water! With no kids at home and Brissy just a couple of hours away I think many are realizing this semi-retired dream. I think for my line, they just get chased away by the development and the busy-ness and are chasing their childhood holidays on the Gold Coast in the 50's and 60's. I'll probably do the same once I stop roaming about, just hopefully not in hicksville!
Over the last one and half years on the Sunny Coast property prices have boomed. Does anyone have any comments? Is the market on the Sunny Coast heading towards a big pop. My feeling it is more of an adjustment for near coastal living when compared to the Gold Coast expansion, where there is probably too much available, and at a greater distance from the coast. I only wish I had of jumped into something on the sunny coast one and a half years ago when I had the time to look around.
Nevertheless let me add, that I am lucky and everyone in Australia is very lucky in terms of home ownership and property investment oppourtunities. I work in Ireland presently, where the market is not free, development is restricted, property developers are select, they hold back on completing development and the governments hold back for them too it is a developers gold mine if you're privy to the club. (I'm not, sorry to any wanabe expats developers).
Rents here are higher than the repayments you would make on any loan. The banks, however are difficult with people even though interest rates are lower than home. It is a daunting prospect here for young people to consider that the average property starting price in Dublin city for a 2 bed shoebox unit is around AUD $350,000 (and thats not that near to town either) and they'll never be able to loan that on one income.
Don't worry I'll be home soon.
All comments appreciated.
I have been following some various undeveloped areas over the last number of years on the Sunshine Coast, with the intent of one day investing and eventually living on the coast. For me, I grew up near the coast, in a small hicksville town with my relatives on the coast living the dream so to speak. So in the end it is where I'd like to settle.
I have been away from home for a number of years now and have managed to invest in hicksville and I am seeing in the last year or so some noticable gains in the market value, particularly in the last 12mths. At least I know the market there and am able to make affordable repayments for resonable returns.
Surprisingly the Sunny Coast and Hinterland has gone up madly, in my eye, so much so my relatives have actually moved closer to hicksville, sold their now prestige near six figure property and diversified their cash across a couple of property investments giving them a nice income, quiet lifestyle and they managed to be at a distance that is near to the beloved water! With no kids at home and Brissy just a couple of hours away I think many are realizing this semi-retired dream. I think for my line, they just get chased away by the development and the busy-ness and are chasing their childhood holidays on the Gold Coast in the 50's and 60's. I'll probably do the same once I stop roaming about, just hopefully not in hicksville!
Over the last one and half years on the Sunny Coast property prices have boomed. Does anyone have any comments? Is the market on the Sunny Coast heading towards a big pop. My feeling it is more of an adjustment for near coastal living when compared to the Gold Coast expansion, where there is probably too much available, and at a greater distance from the coast. I only wish I had of jumped into something on the sunny coast one and a half years ago when I had the time to look around.
Nevertheless let me add, that I am lucky and everyone in Australia is very lucky in terms of home ownership and property investment oppourtunities. I work in Ireland presently, where the market is not free, development is restricted, property developers are select, they hold back on completing development and the governments hold back for them too it is a developers gold mine if you're privy to the club. (I'm not, sorry to any wanabe expats developers).
Rents here are higher than the repayments you would make on any loan. The banks, however are difficult with people even though interest rates are lower than home. It is a daunting prospect here for young people to consider that the average property starting price in Dublin city for a 2 bed shoebox unit is around AUD $350,000 (and thats not that near to town either) and they'll never be able to loan that on one income.
Don't worry I'll be home soon.
All comments appreciated.
