Buying IP in Brisbane,Arana Hills & Everton Park

[ericproperty]

Hi guys

being looking for a low maintenance IP (due to interstate) for a short while, read threads on the forum, had some thoughts in mind:

east of Brisbance, such as Wynnum, has become too expensive.

south of Brisbane, not sure about it

north(north-west) of Brisbane, Zillmere has come to mind, however, it has been going strong for a while, might not be the best option, also houses there are mostly fibro houses (not many brick houses). looking from the imagines from google street view, it looks a bit rough (a bit like western Sydney). some attention has been paid to Arana Hills and Everton Park, brick house could still be bought under $450k, about 5% yield, about 15km to CBD, has train stations, local schools, (not sure whether there are good shopping centers or not).

what do you reckon of the 2 suburbs (Arana Hills $ Everton Park) ?

advice pls

regards

 

[RPI]

I am doing a development in Everton Park at present. To me it is a suburb that is going from large blocks semi acerage down to a modern, low - medium density area. Close to transport and Brookside shopping centre. I like the area. Moreton Bay Council is also rezoning a lot of its Everton Hills (other side of the road in many cases) to med density with 4 storeys and tiny lots to be allowed.

 

[ericproperty]

Hi RPI

the rezoning will have some effect on the existing houses. the new developments (due to the rezoning) is likely to have some positive impact on the existing houses which have 600m2 of land. would you pls give a bit more advice re where these new developments are? or will be in your opinion?

what is your opinion on this:

http://www.realestate.com.au/property-house-qld-ferny grove-118384511

thanks in advance