Do Ozbargainers have any thoughts on suburbs in NSW or even else where, which might be a bargain ? Probably can't afford in sydney but would love to have a unit I could retire in or potentially sell and buy another house in 20 years.
Where would buying a house in Australia this time be a bargain?
Lmrgreycells on 10/11/2015 - 21:59
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Hervey Bay now is like a Campbelltown, but in the middle of nowhere. It's no longer the one traffic light retirement haven it once was. I didn't realise so many people actually lived in caravan parks 'til I spent some actual time in Hervey Bay. I had thought it was full of leathery old people.
But I don't think sea changers want to move to Campbelltown?
Different place, same ghetto. I would even say Hervey Bay is sadder, because there are less jobs/educational opportunities and more meth.
For investments it's less about price, and more about return.
$500k that returns 6% is much better than $300k that returns 4%.
Of course, what property will return what, and what areas will do best in 20 years time… :)
If you want to actually live in it, somewhere like Hervey Bay could well be better as Sydney/Melb could be too busy, even if the chance of growth doesn't seem as high at least you can live in it comfortably.Plenty of places along the coast 90 minutes drive from the capital cities on the East Coast of Australia which are all relatively cheap. Forget about Sydney.
I don't think this is true of Brisbane. 90 minutes north is Noosa. 90 minutes south is Coolangatta. Both are almost as expensive as Brisbane itself.
Plenty of places in between. Yeah its expensive if you want to live on Noosa Beach, but if you live in the hinterland around there it is fine.
What, like Surfers Paradise? Mooloolaba? IMO Noosa Hinterland is expensive too. Even if you go as far as Cooroy or Pomona. Gympie an hour to the north of Noosa is a lot cheaper which indicates Noosa Hinterland is expensive.
Places just south of Mooloolaba, also Donnybrook area, and a little inland too, just need to look.
I dunno what you call expensive. But if you are comparing to Brisbane prices they are not. What is your comparison?
@serpserpserp: I live just south of Mooloolaba. The new hospital is going in at Kawana. The traffic and population has been steadily increasing here for the last few years, and so have the real estate prices. My folks were looking around Donnybrook and it was like $650k for a 4 bed house on 2 acres.
The ratio of Brisbane prices to prices 90 minutes away on the coast, is much smaller than compared to Melbourne, Sydney, Adelaide, Perth or Hobart. The prices are also very expensive compared to say Gympie or Bundaberg.
Mate my family just sold a place in Redcliffe which was 3 bedrooms and on a huge double corner block and they only got just over 400k for it. So you know, it really depends what you are looking for. If you are wanting a primo house with a lot of land you'll pay a lot for that anywhere along the east coast of Australia.
@serpserpserp: Redcliffe is often considered part of greater Brisbane so that suggests that 90 minutes away is even more expensive than Brisbane.
Anyway refer to my final sentence. I doubt buying a 2 bedroom house in Doonan or somewhere like this is going to cost as much or more as somewhere like The Gap etc.
I live south of Brisbane, but have been reading in papers that
Local Council spent $50m acquiring land at Petrie, 28kms North of Brisbane
looking to allocate for a University/Hospital.
There are heaps of townhouses building ATM.
regardsReally depends what you want in terms of house and facilities (proximity to metro areas etc).
I don't know about east coast, but you can pay 400k for a 2 bedroom unit 3km from Adelaide CBD, or 150k for a 4 bedroom house 90min drive away.Wow. Prices seem really good in SA!
I'm from Sydney and it's way too much here.
Yes it's more reasonable than East, but you better have a permanent job lined up! Massive unemployment problems here, especially for young people.
90min drive in Adelaide is like the outback or in places like elizabeth (full of unemployed bogans) but further. You can drive to victor harbour in ~90mins.
Prices in some parts of the Gold Coast are still quite flat - so if you picked up a bargain now you might be looking pretty good come the Commonwealth Games
Wow amazing!! Thanks Guys, I'll research in detail - but wanted to thank you for your time and input !
I heard prices in Bundaberg QLD have fallen. Perhaps after their flood. I think if you buy in one of the beachside towns to the east then you are getting in ahead of the future sea change retiree market. Just look at prices at Hervey bay a bit to the south, and by comparison Bundy seems like pretty good value.