Hey guys,
So after sitting down with my parents for dinner and a bit of conversation - I was discussing something property related when they told me that one of their old friends was about to sell a few hectare block in greater Townsville for $3,000,000 to a developer that had approached them and that they remember the day they went with them to secure that block... and guess for how much.... $20,000 20-30 years ago. Pretty awesome stuff.
So it had me thinking. And obviously this is not an easy question and just speculation where we will most likely be incorrect, but who here wants to have a guess at a possible location of where a regional area has a large component for land at a low price that could one day be developed/rezoned and lead to an excellent gain?
After a quick search I thought I would check Oakey. I didn't know much about Oakey except that it is home to the Australian Army aviation base and is approximately 20km west of Toowoomba. But after looking into it, it has a hospital, race cource, state primary and secondary school, preschool, foodworks, medical centres, airport (run by Australian army), train line, bus service to Toowoomba and Brisbane.
Basically - the biggest pros for me are: australian army aviation base, proximity to surat basin and maybe future growth due to resource industry, bypasses warego highway, hospital and still not that far away from toowoomba which is in no means a large city with exceptional infrastructure but it has a myer and some quality schools, hospital, etc.
So after a quick real estate search I found the following site - 3.7 acres within town with all services connected for $165,000.
http://www.realestate.com.au/property-residential+land-qld-oakey-2609871
I wonder if this could be an example of a site that could one day be redeveloped into residential with 10+ blocks. Or for an industrial or commercial purpose. It does look to be across the road from a cemetery though!
It would definitely be a gamble but I wonder if you could knock this price down a bit if it could show some nice CG in the short to medium term.
I understand that there would be no holding income with this so I guess its just if someone had some money lying around.
This was just a quick look at it with no further investigation into DD of various things, eg. flooding, bad soils, etc. Just speculating for the sake of it!
YPG
So after sitting down with my parents for dinner and a bit of conversation - I was discussing something property related when they told me that one of their old friends was about to sell a few hectare block in greater Townsville for $3,000,000 to a developer that had approached them and that they remember the day they went with them to secure that block... and guess for how much.... $20,000 20-30 years ago. Pretty awesome stuff.
So it had me thinking. And obviously this is not an easy question and just speculation where we will most likely be incorrect, but who here wants to have a guess at a possible location of where a regional area has a large component for land at a low price that could one day be developed/rezoned and lead to an excellent gain?
After a quick search I thought I would check Oakey. I didn't know much about Oakey except that it is home to the Australian Army aviation base and is approximately 20km west of Toowoomba. But after looking into it, it has a hospital, race cource, state primary and secondary school, preschool, foodworks, medical centres, airport (run by Australian army), train line, bus service to Toowoomba and Brisbane.
Basically - the biggest pros for me are: australian army aviation base, proximity to surat basin and maybe future growth due to resource industry, bypasses warego highway, hospital and still not that far away from toowoomba which is in no means a large city with exceptional infrastructure but it has a myer and some quality schools, hospital, etc.
So after a quick real estate search I found the following site - 3.7 acres within town with all services connected for $165,000.
http://www.realestate.com.au/property-residential+land-qld-oakey-2609871
I wonder if this could be an example of a site that could one day be redeveloped into residential with 10+ blocks. Or for an industrial or commercial purpose. It does look to be across the road from a cemetery though!
It would definitely be a gamble but I wonder if you could knock this price down a bit if it could show some nice CG in the short to medium term.
I understand that there would be no holding income with this so I guess its just if someone had some money lying around.
This was just a quick look at it with no further investigation into DD of various things, eg. flooding, bad soils, etc. Just speculating for the sake of it!
YPG