Logan Central Qld, Invest now or not?

[Suraj]

Hi I was thinking to buy investment townhouse or unit, or villa in Logan central, woodridge or kingston area as it looks like yeild is relatively higher and the market cycle as said by some of the property expert is at the bottom level. However I am not fully aware about the place and which suburb and area to invest. If you have any idea or information appreciated.

With regards

 

[Andrew_A]

Suraj, You will get some of your best yields in greater Brisbane in this area, whether or not this is the correct thing to be doing is an important question as you point out. Pluses and minuses as with almost all investments.

I suggest to people that they spend 30 minutes in Logan Central shopping centre, sit down have a coffee and just observe the people to get a good idea for the makeup of the area, if this isn't possible then there's plenty of opinion on somersoft to search for.

In terms of long distance research if you aren't able to put feet on the ground yourself I suggest phoning a few local property managers (avoiding the selling agents and looking for the specialist PM's) and have a chat about the different suburbs and areas, tell them you are thinking of buying an IP and would be looking for a manager would make them more keen to have a chat.

 

[Michael Yardney]

Be really cautious in which areas of Brisbane you invest -it's a really patch market.
Some suburbs are doing well, but for over 6 months more than 50% of the suburbs have had falling property values