We just added to the list of properties 'Under Contract'. Low-mid $300k, so not quite under 300, but for a 3BR, 700m2, walk to station, close to everything (schools, shops, parks, etc) incluing the bay itself. Seems like a good deal to me. It is hard to find anything less than $400k though.I have been looking to buy in brisbane over the last week and can't find anything to buy its all UNDER CONTRACT! (UNDER 300K BAYSIDE)
Until recently, I wondered why properties from Wynnum to Wellington Point were so cheap. That is now changing by the looks of it. It's just a shame that the cancer of 400m2 blocks have destroyed parts of Wynnum. Originally we were looking in Wynnum/Manly, but it's turned into a property developers/investors suburb and has had most of the potential profit squeezed out. (IMIANSHO - In my inexperienced and not so humble opinion).
We ended up focusing along the rail line from Thornlands to Wellington Point. (Love Wellington Point, best resturants in Brisbane and a great park at the point as well, huge block sizes available if you have the cash, not where we bought though, just where we rent)