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I agree the waterfront is much less developed and pretty than wynnum/manly....but it's also much less crowded and calm. Can't see the future capital growth?? I cant see why there "wont" be CG! When you can still buy a 3 bed house on a 600sqm block 400m from the waters edge, 10 minute...

If lota/manly are gettin up the list, maybe also consider thorneside/birkdale. further from CBD but yields are good and can still buy a 3 bed 1 bath house in land for under $400k walking distance to bay/schools/shops and train.