Thoughts on Pimpama

[Ralph1]

Hi all. Just after your thoughts on Pimpama.
Looking at a dual occupancy home. 3 beds 2 bath on one side and 2 bed 1 bath on the other.
Looks like a house from the street not a duplex.
In a new estate with lots of vacant land around it, so the potential for a lot more homes to be built.
Will have a yield of around 6% but not to sure of the potential for CG in the area.
Unemployment of 5% in the area.

Any comments greatly appreciated.

 

[Player]

Hi all. Just after your thoughts on Pimpama.
Looking at a dual occupancy home. 3 beds 2 bath on one side and 2 bed 1 bath on the other.
Looks like a house from the street not a duplex.
In a new estate with lots of vacant land around it, so the potential for a lot more homes to be built.
Will have a yield of around 6% but not to sure of the potential for CG in the area.
Unemployment of 5% in the area.

Any comments greatly appreciated.

Hi Ralph,

my thoughts and some further links on GC are here:

http://somersoft.com/forums/showpost.php?p=1209713&postcount=4

The short version is...............I wouldn't invest in the Pimpama precinct

 

[Rolf Latham]

lots and lots of greenfield land around the region.

that may mean a long time to soak up new land releases

ta
rolf

 

[harrywyborn]

The main issue with Pimpama is that is Everyman for himself when it comes to developing the area. Oh wait that few acres is cheap I'll put x amount of houses on it in the middle of nowhere and who cares if it all works later on.

Nothing like a Stockland development.

Check out the satellite view of this sub development.

https://www.google.com.au/maps/plac...2!3m1!1s0x6b911382b84192bf:0xa7531b9baea33323

Trust me I was a supplier to numerous houses whilst they were being built and trust me it's a dust bowl.

Steer clear from Pimpama.