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What would the Brisbane Team say about investing in Acacia Ridge ? prices are around $275,000 for a 3 bed and if the street was not never flood impacted ?
Would getting quality tenants in Acacia Ridge be a challenge ?
Would it recover similar to prices in Sydney's bottom end ?
thanks ... keen to buy there as prices are low
Hello Tim
thanks for advise, i stayed there for a few days and it seemed to be decent place, but you are right the industrial traffic was all over
Sorry did someone say Acacia Ridge was close to the CBD.
Must admit i wouldn't like to walk to work living out that far.
Personally i would never invest that far out as i don't think you need to.
You get a lot better bang for your buck closer in.
As far as whether Brisbane will boom this year there is no doubt that prices have started to increase but i think boom is a little optimistic.
I have just listed a block of 6 x 2 bedroom units in an inner city suburb (which i have owned since 2003) and have received some good initial offers in the first weekend. Demand for the right property is definitely strong.
I buy hold and also develop and sell a lot in Brisbane. A site in Upper Kedron is selling out stage by stage prior to us obtaining registration of titles. This is also happening through the northern corridor. I view the biggest indicator of supply pressure in a city being the ability on mass for large scale developers either having lots of titled stock on the market and when there is limited supply the majority of developers are selling stock with registration dates pushed out.
Good times ahead for Brisbane.
Cam, I was going to ask you your thought on Brisbane yesterday on another tread, but this is more appropriate.
In particular how do you rate Chermside, based on your MAP criteria. I purchased my last property there and am looking at my next there also. I see it as a major growth corridor with no land available and the new neighbourhood plan came in last week, which now allows 15 storey development.
I also choose to work this area due to above.
Thomas St?I like chermside. We just picked up an 8 story apartment complex there which will soon start. I myself have a lot of property through the northern corridor. Brsibane is where I'm investing currently.
Thought so.That's the one
Thought so.
I have a 2000m2 10 storey block coming up and was using that as a guide. If you hear of anyone looking for a similar project, let me know. Also have some smaller 45 unit complex.
on another topic, do you do any training sessions in Brisbane on MAP.