Hi all,
I'm a couple months off purchasing 2 more IPs and just searching around at present for myself and also my brother. I've just come across Woodridge and was wondering if anyone can shed some light on the area?
Looks as though 7% yields are easy to achieve. 5 mins from 3 motorways, 20 mins from Brisbane CBD and 3bdr houses on 700sqm blocks can be bought for $230k or so, with townhouses under $200k. Compared to Western Sydney, these prices look too good to be true and Woodridge is closer to their respective CBD than much more expensive properties in Western Sydney...
Is Woodridge the Mount Druitt of QLD?
I'm looking to purchase neutral/positively geared properties with good outlook for capital growth (well priced areas in metro QLD).
Are there flood zones in the area? What's the local market doing? Anything to watch out for when purchasing in the area from Sydney?
Any advice would be much appreciated.
John
I'm a couple months off purchasing 2 more IPs and just searching around at present for myself and also my brother. I've just come across Woodridge and was wondering if anyone can shed some light on the area?
Looks as though 7% yields are easy to achieve. 5 mins from 3 motorways, 20 mins from Brisbane CBD and 3bdr houses on 700sqm blocks can be bought for $230k or so, with townhouses under $200k. Compared to Western Sydney, these prices look too good to be true and Woodridge is closer to their respective CBD than much more expensive properties in Western Sydney...
Is Woodridge the Mount Druitt of QLD?
I'm looking to purchase neutral/positively geared properties with good outlook for capital growth (well priced areas in metro QLD).
Are there flood zones in the area? What's the local market doing? Anything to watch out for when purchasing in the area from Sydney?
Any advice would be much appreciated.
John