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Thanks for the input...we have taken the plunge and bought a place at Jacobs Well. Too tempting to pass up...and yes, we have bought after a period of high capital growth, but as Jan Somers says, don't hunt for that elusive bargain, but just get in at a fair market price, which we think we have...

Am considering Jacobs Well Qld as an area for my first investment property. Near the water, not far from the M1, reasonable prices, unlike the other near water areas of the Gold Coast and it is still an unspoilt little fishing village. Local agents reckon the rental demand is very high...