Thoughts on Morayfield

[Balman]

Hi,

Wondering what your thoughts were on Morayfield? Any parts of Morayfield I should look at avoiding?

 

[strongy1986]

Hi,

Wondering what your thoughts were on Morayfield? Any parts of Morayfield I should look at avoiding?

Probably the whole suburb/ town

 

[Balman]

Probably the whole suburb/ town

Any particular reasons? the properties are yielding approx 6% and have an annual growth rate of approx 3%.

 

[Angel]

Any particular reasons? the properties are yielding approx 6% and have an annual growth rate of approx 3%.

Is that 3% growth from before or after the 2011 flood?

 

[Nattl3s]

Low socioeconomic area. Acres of land available so maybe less CG. Very far from Brisbane (At least for Brisbanites). Wouldn't be my choice either. Cheers, nat

 

[Rolf Latham]

Any particular reasons? an annual growth rate of approx 3%.

that one ?


I dont know much bout the burb, but sanity check on an annualised growth of 3 % means a doubling of prices every 24 years

vs

say a burb with 7 % growth which means doubling every 10 years ..........


ta
rolf

 

[strongy1986]

It's a long way from Brisbane

It's full of drongos

It's basically a country town - surrounded by land
Heaps of supply little demand

You can buy a house for the same price half the distance to Brisbane in a nicer area

You almost couldn't pick a worse place to invest - unless you are buying cheap acreage and have long term aspirations

 

[Balman]

You can buy a house for the same price half the distance to Brisbane in a nicer area


Thanks for the feedback. Any particular areas you would recommend(in the say 250k range)?

 

[Balman]

that one ?


I dont know much bout the burb, but sanity check on an annualised growth of 3 % means a doubling of prices every 24 years

vs

say a burb with 7 % growth which means doubling every 10 years ..........


ta
rolf

Thanks for your reply. what areas would you recommend with 7% growth? Thanks