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I've just bought in Chermside. Definitely a lot of development happening around the Westfields. A friend of mine recommended not to buy a unit there as there's an oversupply at the moment.
HI Guys,
I am looking to buy 2 IPs in Brisbane one unit and a house and plan on holding them for the long term.
From what I can tell it seems prices have risen a decent amount over the last 6-8 months. I don't know Brisbane that well and was wondering if anyone can suggest a decent suburb/s to begin my research that have not risen too much yet? Or locations you think may grow more over the next 5 years?
Ideally I would like a gross yield of around 5%(unit) and 4.5%(house) in a decent suburb within approx 15km of the city.
Thanks,
I bought a splitter block with a single house currently on the block.
Hi beachgurl, can I ask what price you picked your chermside splitter up for?
Hey Mate,
I live next to Zillmere and I agree that it is going through a significant development at the moment. I was also looking at buying a unit or townhouse in Zillmere but worried about oversupply of units there. There are lot of new units and townhouses coming up there.
Hey Guys,
Ive read a bit on here and been looking at propertys in Zillmere. It appears as though the suburb is on the rise (CG wise) and it's experiencing a renewal with new developments etc, the northern part is getting the FTTH NBN and it has links to public transport.
But living on the opposite side of the country and having never been to Zillmere or surrounding area is there anything I should watch out for and what are peoples thoughts on this suburb and the future of it and CG of it?
I was orignally looking at a house with a big block to develop however I think I have changed my mindset and will look at a 3x2 Townhouse in a small complex that way will be achieivng a decent rent and a low price as my budget is under 400.
If theres any other suburbs I should look at please share them
Cheers,
what about Runcorn? A friend of mine is looking to offload the property to buy something in UK.
Thanks guys, something I hadn't considered I guess with the amount of developers looking at the area. Have done a bit of street viewing on google lol, and didn't realise how much of an 'ugly' suburb Zillmere actually is. Guess it's one of those ones on paper that looks great but not so much in reality.
Hmmm back to the drawing board!!
Any recommendations for a suburb with decent houses under 400k that bring in at least a 5% yield?