There is some decent Capital gain. I think the starting price for house + land (400sqm) is about 720k in willowdale. i'm guessing you bought late 2013 or early 2014
i have a friend who lives in hollywell and was up there a couple of weeks ago. i too am interested in coombabah, however given somersoft is going to close, why don't you continue this thread on propertychat
Specififically in the local area... Prestons, Glenfield, edmondson Park, Horningsea Park.
I'd be surprised if it was extremely different in the northwest, however don't know for sure.
Some simple searches on rental availability should pick this up
I've noticed higher and longer vacancy rates in the newer suburbs
I put this down to the following
- Large number of investors which is pushing up the available # of properties available for rental
- These newer suburbs are is also the First Home Buyers belt, so there are a higher number of...
There seems to be a lot of focus on suburbs were foreigners, especially Chinese like to buy investment property as these typically experience fantastic capital gain due to the gigantic influx of cashed up investors.
However do these suburbs have the potential to turn into the mining towns...
From what you are saying i assume it is positively geared, if that is the case why not hold onto it and use the the equity in the property to buy the 2nd IP in Brisbane.
You will hear many stories from people (myself included) who have regretted selling investment properties especially if...
I live in the SW and just went for a drive around Leppington/Middleton Grange and there is "A LOT" of undeveloped land.
I think the risk is that if developers and councils get their act together and accelerate land release this has the potential of supply overtaking demand, in the same way...
Los Angeles
http://www.trulia.com/real_estate/Los_Angeles-California/market-trends/
Peak Median - 2007 - $600k
Correction - 2009 & 20111 - $320k
Current peak - 2015 - $625k
The correction here seems to be more severe and could argue that this would constitute a crash. However it has...
Nice response and i did a bit of digging around on SF and noticed that it hit a peak of ~$800k in 2007 and dropped to hit a floor of ~$600k in 2011 & 2012. Whilst this is a reasonable correction - i would hardly see this as a market crash. You will note that it has since recovered and is...
I'm interested if anyone has any links or articles to other high demand / low supply markets like (ie. Hong Kong, London, New York, San Francisco, Vancouver) that could articulate the details of any correction phases that these property cycles go through.
-What was the average percentage...
Bringing this back to the reason for the thread is the question above
Northside Medians
Shorncliffe - $731k
Sandgate - $535k
Brighton - $440k
Average across 3 suburbs $568k
South Bayside Medians
Manly - $710k
Wynnum - $593k
Lota - $569k
Average across 3 suburbs $624k
Obviously...
Hello Everyone,
I have an IP in Sandgate and realize that southern bayside suburbs such as Manly, Wynnum are generally valued higher than the Northside bayside areas like Shornecliffe, Sandgate & Brighton.
On paper they seem very similar
- both serviced by train lines
- similar...
Another interesting article with some good information however seems to sit on the fence with regards to where the property is at the moment
http://news.domain.com.au/domain/real-estate-news/the-housing-bubble-explained-20150606-ghha4m.html
My opinion is that Coniston is too close to the steel works so suffers the same stigma as Warrawong, Cringilla
But then again Port Kembla suffers the same plight - but is close to the beach.....
When i first listened to the podcast i thought 'holy cow - the sky is falling' and then after i posted, i googled the authors of the podcast and realized that they were spreading doom and gloom.
what got me, was that their arguments seemed valid and rational so easy for a newbie like me to...