Mt Gravatt IP help

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From: Greg C


Can anyone suggest where i can get info on mount gravatt historical prices?
I am looking at ip there & have just got some rather negative feedback about potential growth both with capital gain & rent.
The property is 2 bed townhouses,brand new
Asking around $175K and suggesting rent of $220pw. Does this sound typical for townhouses 10km from Brisbane CBD?
Where can i find out more
 
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Reply: 1
From: The Wife


Greg,


This is probably not going to answer your questions, however my 2 cents worth on the subject of townhouses in the mt.Gravatt area is:

When I was up there a few months ago, i saw In the MtGravatt area , Sunnybank area, runcorn, all that general area, a whole heap of townhouses, with on site management, and they were all struggling to get tenants, they were offering weeks of free rent etc etc to try and get them in, it made me feel very nervous with the amounts of vacant townhouses.

However 3 bedroom houses in those areas, were motoring along on price very nicely.

TW
~Life is a daring adventure, or nothing at all~
 
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Reply: 1.1
From: M Kats


Town houses would not be my first choice.

If it were me I would stick to a House in that same price bracket.

R,
M Kat.
 
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