Southern parts of Brissie are looking good atm

[Andrew Kiss]

I'm talking about suburbs like Runcorn and Sunnybank...some great bargains there at the moment..check them out.

[Mike]

Would appreciate anyones opinion on which area/s of Brisbane ( and outskirts) have the best potential for price growth in the next 5-8 years .
Ive been looking at a few areas and have narrowed my selection to 5 areas;

1) Redcliffe and newarby areas like Margate /Woody point etc
2) Sunnybank/Runcorn/Beenleigh area/logan area
3) Bald Hills
4) Zillmere and nearby surrounding areas
5) Kallangur

The above areas are some that i think have long term potential.
My budget is approx $280-$340k.

The most important aspect is maximum potential price growth.
If you consider other locations have more potential for growth please advise and reasons why would be great.


thanks
Michael

[Andrew Kiss]

Hello Mike,

At your price range, Kallangur seems your best option. You may be able to snap up a bargain, but you've got to be quick, first home buyers are very active....

[marketmad]

thanks Andrew

[Saver]

Hey all, it is essential that you buy within an existing transport corridor, this will be espcially the case with the projected population growth over the next 20 years for SEQ.

I wouldn't be buying anywhere that is not within walking distance of a train or busway station (or a planned train/bus station, e.g. Springfield).

In that sense I don't know if Redcliffe will get the price growth that you are seeking, simply due to lack of transport infrastructure to the city (in Brisbane all roads lead to rome, I mean city centre). The rail is not planned to ever reach there and it may get to Kippa Ring by 2026. I do think it is a lovely area but the commute is long and arduous in peak hour. Therefore I would stick with Deagon, Boondall, Nudgee, Banyo (nundah and northgate are good too, but if you didnt buy in 2000-2001 you have missed the boat already) along the bayside north corridor and Hemmant, Wynnum to the south.

Why Hemmant I hear, well the Port of Brisbane will go through major expansion in the not too distant future, loads of jobs for people who would probably seek to live nearby, also not far from M1, its serviced by Train and only a short drive over bridge to Airport. Also housing is scarce there, hence what is available would be well sought after in the future. Best to try and get a big block for future subdivision/battleaxing.

Anyway just some thoughts.

Cheers

[Andrew Kiss]

Thanks Saver...I concur. I just wonder how long before these "corridors" disappear in terms of properties on the market. Everyone always says buy near train etc, but there are still thousands of properties right near stations etc. sitting there unsold....