Jacque: Yeah, Frenchville is quite a nice area... pretty much all of Frenchville is out of the flood zone, although a few streets in the eastern part towards Mt Archer have overland flow issues.
TMNT: I think you'd have trouble getting insurance for the property at 12 Berserker Street and if you could it would blow the cash flow figures to bits. You'd also potentially run into resale troubles as well being in the 9.5m flood area. I ran some figures for another property slightly further up Berserker Street (which didn't get flooded in 2011 but sits just inside the 1/100 year flood area) and had these issues when I tried to get quotes.
I'm not sure about the West Rockhampton property. I don't think it got flooded in either of the last floods but it is pretty close to an area that did get flooded both times: Rocky Airport.
Wandal and West Rocky have decent properties but they don't have much in the way of local amenities. There's only one school I know of in that area and the only other places of note are the shops on Wandal Road and the hospital to the south. Suburbs like The Range, Allenstown and Berserker are a lot closer to the amenities. A lot of stuff is within walking distance in those suburbs. Then there's Depot Hill and Koongal which I'd avoid altogether.
Berserker is a pretty big suburb, it might as well be several different suburbs. If it was, the median price in the southern third would be considerably less than the northern two-thirds, even for properties with similar houses and they tend to sit on the market longer! There's a very good reason for that.
TMNT: I think you'd have trouble getting insurance for the property at 12 Berserker Street and if you could it would blow the cash flow figures to bits. You'd also potentially run into resale troubles as well being in the 9.5m flood area. I ran some figures for another property slightly further up Berserker Street (which didn't get flooded in 2011 but sits just inside the 1/100 year flood area) and had these issues when I tried to get quotes.
I'm not sure about the West Rockhampton property. I don't think it got flooded in either of the last floods but it is pretty close to an area that did get flooded both times: Rocky Airport.
Wandal and West Rocky have decent properties but they don't have much in the way of local amenities. There's only one school I know of in that area and the only other places of note are the shops on Wandal Road and the hospital to the south. Suburbs like The Range, Allenstown and Berserker are a lot closer to the amenities. A lot of stuff is within walking distance in those suburbs. Then there's Depot Hill and Koongal which I'd avoid altogether.
Berserker is a pretty big suburb, it might as well be several different suburbs. If it was, the median price in the southern third would be considerably less than the northern two-thirds, even for properties with similar houses and they tend to sit on the market longer! There's a very good reason for that.
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