Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
You look at a 30 year cycle,and versions of this get repeated and rediscovered everytime,the CBD has worked very well for me,a lot better then several mining properties in central Qld..
http://www.hotspotting.com.au/news/1/brisbane-apartment-vacancies-rising.html
interesting how sydney doesn't get a mention in the oversupply/vacancy hit list
http://www.hotspotting.com.au/news/1/brisbane-apartment-vacancies-rising.html
interesting how sydney doesn't get a mention in the oversupply/vacancy hit list
That's the good part about living inner city for over 35 years,you get to see all the change that has happened and still happening,the old queenslanders on over 1000sqms that were levelled in the 1980's to make way for the six-pack Greek built flats,those same flats now are being levelled to make way for 8 levels up depending on location land area,and it will never stop..So I guess yes, you are right, investing in CBD is definitely a profitable choice in any major cities, IF you have the money to get into the property ;-)
In my case Sydney CBD is the nearest Metro in my mind for investing.
Reading this document:
http://www.urbangrowthnsw.com.au/do..._PROP_C2E_GlobalPrecinctOpportunity_PRINT.pdf
from this page: http://www.urbangrowthnsw.com.au/wo...h-urban-transformation-transport-program.aspx
certainly make sense to buy the apartment or unit in the CBD area for a CF+ type of investment.
For a capital gain it would be too much I guess, because the price is already went through the roof.
I think you may want to watch out buying in Zetland, Roseberry, Alexandria, Mascot (Around that area) though... It has So many apartments coming down the pipeline.
throw green square in there. The mirvac developments seem to be getting absorbed really well. I personally wouldn't have the balls to buy there. But for a ppor who cares? it's close to the city, transport etc.
Whats everyone's opinion on this area? Been discussed in other threads but I'm very interested to see how this area will do in the next 5 years