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Do u have a mobile number, I'm from Sydney and looking to buy 3 properties 2 in Gold Coast and 1 in Brisbane, want to have a chat over the phone thanks.
North Brisbane has boomed. Houses worth $350,000 12 months ago are literally selling for $700,000 plus. Yes in Caboolture. As for rentals , we are getting 120 applications per property. People are living in tents. I think your wrong about the younger generation wanting to live near the city. Any person with good qualifications has more choice where they live these days I see the younger generations going further out for good schools to raise their families. Again most investors are looking at Ipswich areas. Its booming.
1 year later Ormeau now has house rents for $750/week. 10 years ago the average rent was $300, this guy is talking out his arse. Houses in the area are now owned and not rented. Average house prices are in the 700 from the 300's. Ormeau is a desirable dormitory suburb. 1 hr each way to Brisbane or the Beaches on the Gold coast. Younger people this guy reckons wants to live in the inner suburbs.... most cant afford. them.... vacany rates in the Ormeau, Coomera and Pimpama area are close to zero... seems your crystal ball is cloudy and was giving really crap advice with the hindsight of 12 months later.
If anything young peole want to live in newly built houses outside of the city for a cheaper price then near the city with all new infustructure.. just look at oran park, leppington in Sydney. Those places are booming
this is so out of date now. Jump forward to the 7 minutes mark to get into his suggestions. He's saying that the northern Brisbane suburbs aren't any good to invest in because young people will buy a house and land package here, sell or rent out their property and move in to the city to live. Well there is so little land in that area that there will be very few who will get a block in there at all. At this point in time July 2022 there is virtually no land left in that area. To get any land at all now, you'd be looking at going out to Morayfield or Caboolture. If some young person came and built here and got a $700K package as an example, they'd hardly be able to sell that in a year or afford to keep it and rent it out and move into Chermside or similar as he is saying and then buy a home worth well north of a million dollars, particularly when interest rates are rising. They'd be much better off just trying to invest again in somewhere like Morayfield.
Actually the vacancy rate around Coomera, Pimpama and Ormeau are virtually zero, when a property comes onto the market there are more than 30 tenants waiting for the one property. There is no more land in Pimpama for developers to build anymore properties. For some people the area's you have highlighted are the only places they can afford, so it would depend on the reason why people are buying
This is the case right now re vacancy.. but renter proportion is above 50% which means future vacancy rates will rise . Land plenty in surrounding areas
This is true but hard to believe that I left Brisbane at 3.30pm and I got home at my Coast Coast address at 10.30 pm that same night after there was accident on the road near Pimpama . The trip should only take less than one hour . The problem with areas like Coomera , Pimpama and areas around those suburbs is that the Gold Coast highway in the future is going to be under extreme strain with traffic because it is only main road servicing a huge range of new housing estates and businesses which need to use that road . Suburbs closer to the CBD are often the preferred areas to live in for many people who prefer public transport than car travel to get to their work in the best possible time and at the cheapest cost .
A few reasons why I think that the Pimpama/Coomera/Ormeau area is resistant to the effects he spoke about. 1 - The area is the connection point between Australia's 3rd (Bris) and 6th (Goldy) biggest cities, so it's not on the outskirts but in fact in the middle of a massive growth corridor where population growth is coming from both the north and the south. 2 - Because of the central location you can get to work anywhere on either the Gold Coast, Logan, Ipswich or the south side of Brisbane within 45 minutes. 3 - Those suburbs are all on the M1 and all have train stations on the Bris-GC train line. 4 - There really isn't a lot more land in those areas for further development because the mountains are too close in the west and in the east it's primarily low flood prone sugar cane fields. 5 - When compared to the other areas mentioned in the same price bracket (Ipswich/Caboolture) it's a nicer area with relatively easy access to both Brisbane and the Gold Coast.
Love you pk and have watched a lot of your videos. I see Brisbane right now as if its 1995-1998 sydney pre olympics. Many people said what you are saying now about Campbelltown / Penrith / even Liverpool. All with egg on their face now looking back. Yes i agree 100% avoid the suburbs with huge land releases with house and land packages. But prices are certainly starting to run. Most of these packages are priced around 500-600k at the moment at a bare minimum. So you buying quality big blocks with granny flat options for 350-450k i dont know how you can lose or not see a lot of growth. Ive got 1 in ipswich area we got 5-10 rental apps in within 1.5 weeks of Christmas and a premium rent. Great tenants as well. Vacancy in that suburb i bought was less then 1%. And also due to flooding and mining concerns in that council less then half of the suburbs and areas there are quality anyway. In the 1 i have in the south ive already received over 10% growth within 6 months of purchase. Demographics change and gentrify over time. Do i think you can get anything under 750k+ in 10-15 years time in the area ive bought absolutely not. The 2 suburbs i picked hadnt grown for 8-10 years much at all and i got under market value on both purchases. So that pent up growth is coming to fruition. I guess we agree on a broad spectrum but not on a micro level of some of those suburbs in those 2 areas. As far as the working from home phenomenon its seeing areas like sunshine go gang busters and many like my newcastle property has gone up over 180k in less then 12 months due to professionals moving out of city centres. So yes i agree that close proximity to cbd is a strong play but those more affordable outskirts and closest regional ie ballarat geelong warragul or nsw newcastle gosford and wollongong same for qld sunshine coast noosa and south and further out west further out is happening across the eastern seaboard. As they cane earn the same incomes in cheaper areas. This will only increase when borders open, inflation truly kicks in and the fomo of those 400k suburbs becomes even rarer.
You have impressive knowledge and experience. Thank you for the detiled response. As it turned out, all of those suburbs PK mentioned, have ad wonderful growth, some more than others, but 2021 was a great time to buy - or 2020 was even better. Now moving forward, one has to be selective and quite careful, to buy in 2023, but there are places.
You are spot on. This guy has no idea what he is saying in the video. He probably doesn’t even know these suburbs. Haven’t even been there before. One laughable assertion was saying young guys want to live close to the CBD. As if they can afford. No one even wants close to the CBD where they will live in old houses that look like boxes. Better houses are being built at those places he claim people should avoid. And if he is aware, Mango Hill and North Lakes grew $100-200K within a year or 2.
Surprised you didn't mention the Aura developments in Sunshine Coast. The biggest house-and-land development in QLD. 1.7k+ of new houses since 2019. The Park Ridge has 1.3k of new houses for reference.
I rather buy a nice newish house further south Beenleigh area for a reasonable amount than an old QLDer in Wynnum for almost a Million. Sorry but there are areas in Brisbane, especially the older suburbs that really suck. Old houses, the roads are crap and the only good thing is the odd mall near by. Sorry, I take a new development area over these shitty old areas any day.
You are quite right , PK, I bought a HL package at Ipswich in 2017, the house value has not gone up. If sold now, the loss is around $40000 . Stay away from low income area guys.
It is often better to buy the worst house in the best street than buying the best house in the the worst street , same goes for suburbs , best suburbs over worst suburbs . For most homes , the value is in the land and not in the building long term . Buying a property that has something very unique about it often is the best option , for example buying an older house with outstanding water views is often better than buying a brand new home in a new estate where 5,000 other homes look almost the same . A home sitting on a very small block of land very close to the CBD is often a better investment than a home sitting on a larger block of land in the outer suburbs . Homes very close to the CBD usually have more potential to rent out because more workers and students prefer to live closer to where they work or study than living a fairly long away where travel can takes longer and where it is more expensive to travel from .
You cant be more wrong buddy, you forgot one of the most important factor SCHOOLS. May be you are looking at the point of view of your age and where you are heading, Australian property is a complex beast, the average Australian Age is 36 and usually married and have 1 kid with more to come, I am not saying its trendy but that's how it usually shapes up. All these areas where you are saying are actually with good schools nearby if not in catchment and parks, lakes ..these are a steal for families in current scenarios. Specially all those moving from Sydney, Melbourne.
These are the areas that are affordable, excluding these suburbs you showed not to buy most of other good ones from your perspective will be 600 to 700K+. They will be slightly negative geared and need 100K+ deposit to buy. If you can please just tell one suburb or say area that are under 500K but good to invest it will clarify for all of us watching this video.
Hi PK, In these areas down especially south of brisbane there are nice older parts and older acreage. Are you suggesting to avoid these suburbs entirely or just the new developments. I've been looking at acreage in between Brisbane and the gold coast. I would have thought buying older acreage properties in some of the areas you mentioned that are in very very short supply would be a good strategy. What are your thoughts?
We got a property in Dakabin which is paying for itself and the value of it already went up. I am keen to know what is reason why your saying not to buy on those area.
Thanks very much for your helpful and informative video and want to add that IF I was rich, which I'm not at present, I definitely wouldn't buy a home in ANY suburb in Brisbane! I'd prefer to be living near the ocean, so would buy on the Gold Coast, or even the Sunshine Coast. I'm very aware that people can travel to those beautiful places at weekends though. I live in the polluted inner city in Brisbane, which is stifling during the humidity in the long summers and grew up not far from the ocean in New Zealand, hence why I miss it so much. I used to live on the Gold Coast, then moved to Brisbane many years ago. Unfortunately, I ended up getting stuck here, but that's another one of my long stories. I'm not able to move back to NZ and it's obvious where I'll be going when, or IF, I can afford it eventually. 😊
Hi PK Good effort mate. There are lot of people went through BA who bought them these properties in last one year. I am one of them and i realise once I signed the contract. Now is it possible if you make a video with your knowledge that what these people should do with this. Should they sell property or leave it on rent. Your video stated these properties are going to take nearly 10years to grow.🤔🤔🤔
Nah.. we’re buying in about 15 brissie suburbs at the moments out to about 25km’s from cbd. These are general principles, see them in that way and they will help you
One fast train in west or north.. cut down travel to 20-30 minutes.... Property prices will skyrocket... In fact it would be better in these areas as cbd would be accessible!
The houses in the north and south suburbs of Brisbane that you mentioned sit around $500 K which are more affordable and therefore popular. So where do you recommend to invest around Brisbane given budget around $500K ?
Just bought some land in Mount Warren Park on a very small subdivision of only 11 lots. Quite proud with our find. Thoughts on the suburb? We are from Melbourne.
Hi, what are your thoughts of the suburb Eagleby? It’s right between Brisbane CBD and Gold Coast. So I’m think it’ll have good growth? What do you think?
Good luck finding $3-400,000 houses at North Lakes. It had a period, when new buyers were losing money but this has long passed and the new paint factor is gone, as new building has almost ceased. Rentals were always a factor in North Lakes. Mango Hill still has some houses being built at Capestone, but that is drawing to a close. Mango Hill has quite a few million dollar houses, a new high school and rail to the CBD. The population is heavily biased towards producing children and being employed. The not far from the sea factor helps the climate. Frosts are rare and heat is mitigated. Burpengary, Morayfield and Caboolture are where the new builds, low values and "disadvantaged members of society" are. Deception Bay may be in the early stages of transition to gentrifying.
As somebody who once lived in Deception Bay, but still works in the shopping centre, I can tell you the area is definitely not gentrifying. It’s still just the utter dregs of society.
Hi mate , you have great vedios brought my second investment property within five months without buyer agents with ROI of 5 .9% both rented with days in the areas you mentioned not to buy. 🙂
I love your videos PK. However, anyone realised that someone gets benefits from someone's losses. If I'm wrong correct me, please. there aren't be happy every investor. We are getting profit from other's losses. I am not against anyone, but I'm just saying.
Very good point man could you please tell me some areas witch you would consider investing in for around 400k it’s my first investment and having trouble trying to find a good spot much appreciated
That’s actually not true, like if you regress 35 years of data there is no correlation between growth and proximity to CBD. Right now in general that may be true in brissie in the current phase.. But there are over 12 suburbs even beyond 20ks of the city that are growing faster than nearer suburbs and also are positive cashflow.. That’s where science of investing comes in. Hope this adds value to you and everyone reading. Melbourne has a different phenomenon in terms of proximity to cbd where south easter suburbs are performing better that inner cbd suburbs and will continue to do so
Hi PK thanks for the great video! i am looking at north lakes and those area you advised to avoid 😨 just wondering if house alreay built also fall under or just avoid new land&house package only?
He was totally wrong. He didn’t know what he was saying. It was conjured. 2 years ago, I would have invested in Mango Hills if I had money. Today it’s far gone and the place is so good. I lived there and left for another city. I would have bought if I had money. Now it’s $850K minimum
Hi pk ,videos are very helpful as a first investment seeker.Whats ur opinion regarding green bank for under 60k. Thanks keep going with ur efforts man.Cheers
Hi Pk, Thanks for your videos! What do you think about investing in a house in chinchilla ? Or a one bedroom unit in stones corner ? I’m confused! Please help🤩
Hey PK We own acreage in Burpengary just moved in. Nice 3000m2 flat block. Close by to amenities. Currently PPOR. Would you say rural residential acerage blocks are a good investment? Value is in the land. Look forward to hearing from you.
Lol. Sounds like you've already been scammed. Whoever sold you your 'acreage' ripped you off. One acre is 4047m2 so sorry to say, your block is over 1000m2 short of being acreage.
What about Inala? Looking like rents around 350k for a 3 bed and positively geared? Thanks for your hard work and making this video really appreciate your content, unmatched with any channels out there.
its all relative, for the ROI that you get in these suburbs and the price you get it from, its still better then most melbourne and sydney properties. Also, for that price you can maybe only afford a unit, and land has capital growth, and its a long term hold. I can see these suburbs are the next up and coming, as people from the south are migrating up, and pushing local blue chip suburb properties up and they could compromise for this, let alone the development going on around these suburbs. If you average out 4% increase per year, you wont be dissapointed, but in fact right now, there is not enough supply vs the demand in the brisbane market
Hi mate I understand you run the accelerator program. But do you also offer a buyers agent program too. As I’ve got approved finances and looking to execute very soon. Basically Im was just about to be conned by the typical Logan BA spruker prior to watching some of your videos haha
Haha. Email me at info@consultingbypk.com Warning! It’s not cheap 😜 because I genuinely think everyone who has 3-5 hours a week and some interest in property doesn’t need a BA with some structured and data led education
@@AusPropertyMasteryWithPK Ok then mate I will send you over an email. Haha, ok then mate, still keen to find more. You’d feel sorry for me with the kick I’ve had selling mid 2019 one of my properties that’s now for another 30-40% in rent and value. But oh well lessons learnt, had a few wins also.
I was thinking of a dual key in the northern regions as I can stay in the small one and rent out the other. I thought the other renter would allow me to reduce mortgage stress once positively geared if I choose to have a gap in my employment and leave the country.
I was thinking of taking your course but if I invest regional to then pull capital and buy a principal, I will have two mortgages instead of one to still have my own pad
@@AusPropertyMasteryWithPK Lol actually I have made 113,000 in 3 and half to 4 years. So what i am saying is your analysis in inaccurate. Price boom is peaking at the moment in redbank plains which is actually even a lower class suburb than the ones you mentioned and right next to them. The other thing is House prices never go down significantly after a boom, If so it's slight and then they stagnate for a period.
@@AusPropertyMasteryWithPK So my prediction is house prices will continue to rise more so in the Springfield, Augustine Heights and redbank plains area and especially in redbank plains because supply is only just meeting Demand but Demand in these areas is Huge for investors and first home buyers due to affordability. I've spoken to a realestate agent who against his best interest told me to Hold onto my redbank plains home because prices were still going up and will do for the next year.
@@lahwf125 good on you. I’m talking relativity. Like one could have bought in other parts of brisbane for 300 and in 12 months alone was worth 400+. Agree then may not go down, but this video is about opportunity cost. Good on you
@@AusPropertyMasteryWithPK So you're saying there were properties In Brisbane that were 300k and went to 400k on 12 months? Tell me which area in Brisbane was that? And show me links of previous price for one property that was 300k and made it to 400k in 12 months. I would be interested to see that
If you want to see how this plays out, just visit yarrabilba. 4/5ths of its stages are now cancelled and all the home builders have mostly left. Amazingly it hasn't stopped the boom at springfield lakes which sold out ever stage almost instantly at insane prices.
Springfield Lakes has a lot more amenities already in place. It is also closer to two CBD hubs (Brisbane and Ipswich). Yarrabilba is still very much a satellite area, and unfortunately it recently flooded all around it.
Andrei, This guy has missed the market by a longshot and is a dumb ass don't listen to him - Yamanto - Ipswich is the fastest growing region. Ripley and Yamanto are not the same.
Hi PK, Thank you for doing great video, it was really informative one. What do you think about these areas: Springfield Lakes, Spring Mountain, Augustine Heights. Cheers?
It's just way too far out without decent transportation. No trains (aside from Cleveland line, which is still far away), and buses hardly exist. I looked at Shoreline previously, but was kind of put off by the lack of infra
PK what are thoughts in buying a townhouse in indropilly,st Lucia area? I understand there will be strata but what about the long term growth , would that be a good area for a townhouse
Young people want to live in Oxley? They must enjoy piling up all their belongings on the front lawn every time it rains for three days consecutively...
Hi PK I am a property Valuer, been doing for 20yrs been doing the ripley and Ipswich area and Logan reserve which has been all marketed to investors. I agree these areas are not good and investors will be in a world of pain.
@@AusPropertyMasteryWithPK thanks for providing this advice to your viewers. It is extremely dangerous to buy in markets that are marketed to interstate investors
Hi Mate, my agent advised me to buy an apartment at Springwood. What do you think of that ? Thank you …I’m currently live in SA, I don’t know much about Qld market. Please help
@@Javajean - the body corp fees will end up killing you. I would stay away from units. even in that area. Better off buying a house in the inner ring of bne. 0-10 kms
No more interest rate cuts as has been the case for last 30 years since they were 17% is bad news for the market. Even if rates don't rise watch the market dive.
Good point, it has risen over 25% like almost all of brisbane. However my thoughts on the data.. One as an example is that most parts of Logan (not all) have over 50% of properties owned by investors. Now this is a pretty simple data metric, quite well known. Right now Logan is booming almost entirely due to sydney Melbourne investors. It’s not first home buyers or local upgraders. There will come a time where rents won’t rise so much because too many options for tenants. And as interest rates rise, investors - especially those who are gambling with some pockets of Logan, are the first to get jittery and sell. Who will buy those properties? More investors? The suburbs mentioned have mostly underperform rest of brisbane and let’s see whether they retract or not :)
It’s all very good to invest in the Brisbane city area IF you can afford it. But if you can’t, I still think the Southern end of the Moreton Bay Regional Council is easily the prime place.
@@AusPropertyMasteryWithPK I agree, from Dakabin heading North, there’s a lot of undeveloped land in the Moreton Bay Regional Council, which developers are extensively packing in cookie cutter developments, with minimal local infrastructure value. But the Southern end of Moreton Bay, specifically the 3 suburbs surrounding the Petrie Mill PDA / USC Project (Petrie, Kallangur and Lawnton), and the entire Redcliffe Peninsula, have fantastic potential for lifestyle and planned infrastructure.
Parts of Petrie are great to invest in, I have there myself.. this is high level commentary.. market within markets.. sorry no I don’t know about any taxi center
Both very depressing and informative. As I was looking at both the Greater Springfield and North Lakes region, but you've opened my eyes to alot of the downsides to investing in these hwVily developed areas.
Interesting bought a property in Springfield lakes 9 months ago. Had it valuated has gone up $80,000 in that period. 30 mins to CBD. Seems great so far 😊
Buy property in high demand suburb or good public school. Then you should be ok, a.t.m. If you have bought last year then those suburb has gone much more then cheaper suburb.
Thank you so much PK for the very useful information. Is buying a A$600,000 unit in New Farm Brisbane to get rental say A$500 or so a week be a good investment, please?
@@AusPropertyMasteryWithPK thank you so much for the valuable feedback. I didn’t know there are new buildings in New Farm. And I think getting a house is still preferable than a unit - but of course not A$600k in New Farm house; but maybe in Brighton, Wynnum, Manly Brisbane- may need A700k-900k or above budget range though
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Do u have a mobile number, I'm from Sydney and looking to buy 3 properties 2 in Gold Coast and 1 in Brisbane, want to have a chat over the phone thanks.
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I’ve had properties and these areas and have had some great returns and significant growth. He Doesn’t have a clue
I’m with you mate, 100%
Totally agree he has no idea what he is talking about. Can’t even pronounce some names correctly. Very bad advice
North Brisbane has boomed. Houses worth $350,000 12 months ago are literally selling for $700,000 plus. Yes in Caboolture. As for rentals , we are getting 120 applications per property. People are living in tents. I think your wrong about the younger generation wanting to live near the city. Any person with good qualifications has more choice where they live these days I see the younger generations going further out for good schools to raise their families. Again most investors are looking at Ipswich areas. Its booming.
100% capital growth in caboulture in 12 months? Please share your data source
@@AusPropertyMasteryWithPK Same here in Deception Bay. Just look up sold listings pretty simple.
1 year later Ormeau now has house rents for $750/week. 10 years ago the average rent was $300, this guy is talking out his arse. Houses in the area are now owned and not rented. Average house prices are in the 700 from the 300's. Ormeau is a desirable dormitory suburb. 1 hr each way to Brisbane or the Beaches on the Gold coast. Younger people this guy reckons wants to live in the inner suburbs.... most cant afford. them.... vacany rates in the Ormeau, Coomera and Pimpama area are close to zero... seems your crystal ball is cloudy and was giving really crap advice with the hindsight of 12 months later.
If anything young peole want to live in newly built houses outside of the city for a cheaper price then near the city with all new infustructure.. just look at oran park, leppington in Sydney. Those places are booming
this is so out of date now. Jump forward to the 7 minutes mark to get into his suggestions. He's saying that the northern Brisbane suburbs aren't any good to invest in because young people will buy a house and land package here, sell or rent out their property and move in to the city to live. Well there is so little land in that area that there will be very few who will get a block in there at all. At this point in time July 2022 there is virtually no land left in that area. To get any land at all now, you'd be looking at going out to Morayfield or Caboolture. If some young person came and built here and got a $700K package as an example, they'd hardly be able to sell that in a year or afford to keep it and rent it out and move into Chermside or similar as he is saying and then buy a home worth well north of a million dollars, particularly when interest rates are rising. They'd be much better off just trying to invest again in somewhere like Morayfield.
Actually the vacancy rate around Coomera, Pimpama and Ormeau are virtually zero, when a property comes onto the market there are more than 30 tenants waiting for the one property. There is no more land in Pimpama for developers to build anymore properties. For some people the area's you have highlighted are the only places they can afford, so it would depend on the reason why people are buying
I agree with mate 100%😁😁
This is the case right now re vacancy.. but renter proportion is above 50% which means future vacancy rates will rise .
Land plenty in surrounding areas
This is true but hard to believe that I left Brisbane at 3.30pm and I got home at my Coast Coast address at 10.30 pm that same night after there was accident on the road near Pimpama .
The trip should only take less than one hour .
The problem with areas like Coomera , Pimpama and areas around those suburbs is that the Gold Coast highway in the future is going to be under extreme strain with traffic because it is only main road servicing a huge range of new housing estates and businesses which need to use that road .
Suburbs closer to the CBD are often the preferred areas to live in for many people who prefer public transport than car travel to get to their work in the best possible time and at the cheapest cost .
A few reasons why I think that the Pimpama/Coomera/Ormeau area is resistant to the effects he spoke about. 1 - The area is the connection point between Australia's 3rd (Bris) and 6th (Goldy) biggest cities, so it's not on the outskirts but in fact in the middle of a massive growth corridor where population growth is coming from both the north and the south. 2 - Because of the central location you can get to work anywhere on either the Gold Coast, Logan, Ipswich or the south side of Brisbane within 45 minutes. 3 - Those suburbs are all on the M1 and all have train stations on the Bris-GC train line. 4 - There really isn't a lot more land in those areas for further development because the mountains are too close in the west and in the east it's primarily low flood prone sugar cane fields. 5 - When compared to the other areas mentioned in the same price bracket (Ipswich/Caboolture) it's a nicer area with relatively easy access to both Brisbane and the Gold Coast.
I disagree with you.Something is not right in your words.
Love you pk and have watched a lot of your videos. I see Brisbane right now as if its 1995-1998 sydney pre olympics. Many people said what you are saying now about Campbelltown / Penrith / even Liverpool. All with egg on their face now looking back. Yes i agree 100% avoid the suburbs with huge land releases with house and land packages. But prices are certainly starting to run. Most of these packages are priced around 500-600k at the moment at a bare minimum. So you buying quality big blocks with granny flat options for 350-450k i dont know how you can lose or not see a lot of growth.
Ive got 1 in ipswich area we got 5-10 rental apps in within 1.5 weeks of Christmas and a premium rent. Great tenants as well. Vacancy in that suburb i bought was less then 1%. And also due to flooding and mining concerns in that council less then half of the suburbs and areas there are quality anyway.
In the 1 i have in the south ive already received over 10% growth within 6 months of purchase. Demographics change and gentrify over time. Do i think you can get anything under 750k+ in 10-15 years time in the area ive bought absolutely not. The 2 suburbs i picked hadnt grown for 8-10 years much at all and i got under market value on both purchases. So that pent up growth is coming to fruition. I guess we agree on a broad spectrum but not on a micro level of some of those suburbs in those 2 areas.
As far as the working from home phenomenon its seeing areas like sunshine go gang busters and many like my newcastle property has gone up over 180k in less then 12 months due to professionals moving out of city centres. So yes i agree that close proximity to cbd is a strong play but those more affordable outskirts and closest regional ie ballarat geelong warragul or nsw newcastle gosford and wollongong same for qld sunshine coast noosa and south and further out west further out is happening across the eastern seaboard. As they cane earn the same incomes in cheaper areas.
This will only increase when borders open, inflation truly kicks in and the fomo of those 400k suburbs becomes even rarer.
You have impressive knowledge and experience. Thank you for the detiled response. As it turned out, all of those suburbs PK mentioned, have ad wonderful growth, some more than others, but 2021 was a great time to buy - or 2020 was even better. Now moving forward, one has to be selective and quite careful, to buy in 2023, but there are places.
You are spot on. This guy has no idea what he is saying in the video. He probably doesn’t even know these suburbs. Haven’t even been there before. One laughable assertion was saying young guys want to live close to the CBD. As if they can afford. No one even wants close to the CBD where they will live in old houses that look like boxes. Better houses are being built at those places he claim people should avoid. And if he is aware, Mango Hill and North Lakes grew $100-200K within a year or 2.
Kallangur is booming larger blocks older houses you can escape all tiny houses and traffic in North lakes and go back to a giant block.
Absolutely agree.
So is Dakabin and as the development progresses the more established areas will be costly to buy in. This guy is selling a package after all
You swung and missed on this prediction
The southern areas you pointed out like Pimpama is not within Brisbane, it falls under Gold Coast.
Mate, Australian’s obsession with residential property as an income stream is causing titanic negative societal impacts. This will end very badly.
Surprised you didn't mention the Aura developments in Sunshine Coast. The biggest house-and-land development in QLD. 1.7k+ of new houses since 2019. The Park Ridge has 1.3k of new houses for reference.
I rather buy a nice newish house further south Beenleigh area for a reasonable amount than an old QLDer in Wynnum for almost a Million. Sorry but there are areas in Brisbane, especially the older suburbs that really suck. Old houses, the roads are crap and the only good thing is the odd mall near by. Sorry, I take a new development area over these shitty old areas any day.
Go for it, the growth data doesn’t really support that inference but do what you’re comfortable with
You are quite right , PK, I bought a HL package at Ipswich in 2017, the house value has not gone up. If sold now, the loss is around $40000 . Stay away from low income area guys.
is that because the price was peak at 2017? but somehow the price should be increased a lot recently, so surprise that the price is still 40k below
Thanks for sharing
It is often better to buy the worst house in the best street than buying the best house in the the worst street , same goes for suburbs , best suburbs over worst suburbs .
For most homes , the value is in the land and not in the building long term .
Buying a property that has something very unique about it often is the best option , for example buying an older house with outstanding water views is often better than buying a brand new home in a new estate where 5,000 other homes look almost the same .
A home sitting on a very small block of land very close to the CBD is often a better investment than a home sitting on a larger block of land in the outer suburbs .
Homes very close to the CBD usually have more potential to rent out because more workers and students prefer to live closer to where they work or study than living a fairly long away where travel can takes longer and where it is more expensive to travel from .
You cant be more wrong buddy, you forgot one of the most important factor SCHOOLS. May be you are looking at the point of view of your age and where you are heading, Australian property is a complex beast, the average Australian Age is 36 and usually married and have 1 kid with more to come, I am not saying its trendy but that's how it usually shapes up. All these areas where you are saying are actually with good schools nearby if not in catchment and parks, lakes ..these are a steal for families in current scenarios. Specially all those moving from Sydney, Melbourne.
I agree
You are absolutely correct, places which are good for developers are not necessarily good for investors.
These are the areas that are affordable, excluding these suburbs you showed not to buy most of other good ones from your perspective will be 600 to 700K+. They will be slightly negative geared and need 100K+ deposit to buy. If you can please just tell one suburb or say area that are under 500K but good to invest it will clarify for all of us watching this video.
That’s exactly where clients are investing
@@AusPropertyMasteryWithPK is that other way of saying sign up for the course 😀?
Just within 12kms from Brisbane cbd
Taigum's a dark horse
Hi PK,
In these areas down especially south of brisbane there are nice older parts and older acreage. Are you suggesting to avoid these suburbs entirely or just the new developments. I've been looking at acreage in between Brisbane and the gold coast. I would have thought buying older acreage properties in some of the areas you mentioned that are in very very short supply would be a good strategy. What are your thoughts?
Buy it .
Greenbank/ Springfield wasn’t mentioned so I am guessing they are good suburbs to invest ?
Hi Pk,
What about areas like flagstone, yarrabilba and Jimboomba?
Govt is boosting huge money to develop these areas.
Hi Pk what about areas like flagstone, yarrabilba and sipringfield for investment? Thanks
Yarrabila is a trash spot.
It would be great to see such a video for each State/Territory...
Cool
We got a property in Dakabin which is paying for itself and the value of it already went up. I am keen to know what is reason why your saying not to buy on those area.
Thanks very much for your helpful and informative video and want to add that IF I was rich, which I'm not at present, I definitely wouldn't buy a home in ANY suburb in Brisbane! I'd prefer to be living near the ocean, so would buy on the Gold Coast, or even the Sunshine Coast. I'm very aware that people can travel to those beautiful places at weekends though.
I live in the polluted inner city in Brisbane, which is stifling during the humidity in the long summers and grew up not far from the ocean in New Zealand, hence why I miss it so much. I used to live on the Gold Coast, then moved to Brisbane many years ago.
Unfortunately, I ended up getting stuck here, but that's another one of my long stories. I'm not able to move back to NZ and it's obvious where I'll be going when, or IF, I can afford it eventually. 😊
Which suburb do you live in that is polluted?
I own 14 in Brisbane suburbs. Happy with my investments.
Pls correct your facts it’s completely wrong about north Brisbane area and ipswich area.
Your observations are quite amusing
Hi PK just wondering would calamvale fall into the category of to much excess land available?
Hi PK
Good effort mate. There are lot of people went through BA who bought them these properties in last one year. I am one of them and i realise once I signed the contract. Now is it possible if you make a video with your knowledge that what these people should do with this. Should they sell property or leave it on rent.
Your video stated these properties are going to take nearly 10years to grow.🤔🤔🤔
Another Great and insightful Video PK.....Well done.... Martin from Sydney.
Thanks brother.. look forward to another game of squash sometime!
What are your thoughts on McDowall, Chermside West, Stafford and Stafford Heights?
What you are recommending is to buy a 600+ sqm 4 22 house 2 mins walk to CBD.
Nah.. we’re buying in about 15 brissie suburbs at the moments out to about 25km’s from cbd. These are general principles, see them in that way and they will help you
One fast train in west or north.. cut down travel to 20-30 minutes.... Property prices will skyrocket... In fact it would be better in these areas as cbd would be accessible!
The houses in the north and south suburbs of Brisbane that you mentioned sit around $500 K which are more affordable and therefore popular. So where do you recommend to invest around Brisbane given budget around $500K ?
There’s some areas fringe of Logan and BCC
@@AusPropertyMasteryWithPK what about Deception Bay?
@@venniefulyoyo buy a gun with you if you go there 😂
Just bought some land in Mount Warren Park on a very small subdivision of only 11 lots. Quite proud with our find. Thoughts on the suburb? We are from Melbourne.
Hi, what are your thoughts of the suburb Eagleby? It’s right between Brisbane CBD and Gold Coast. So I’m think it’ll have good growth? What do you think?
Terrible area, one of the worst reputations in brisbane for over 20 years
Yeah not good
Not a good area. Also flood proned, drug heavy amongst the people
Better off going Holmview than Eagleby tbh. Or spend more for Bahrs Scrub
Good luck finding $3-400,000 houses at North Lakes. It had a period, when new buyers were losing money but this has long passed and the new paint factor is gone, as new building has almost ceased. Rentals were always a factor in North Lakes. Mango Hill still has some houses being built at Capestone, but that is drawing to a close. Mango Hill has quite a few million dollar houses, a new high school and rail to the CBD. The population is heavily biased towards producing children and being employed. The not far from the sea factor helps the climate. Frosts are rare and heat is mitigated. Burpengary, Morayfield and Caboolture are where the new builds, low values and "disadvantaged members of society" are. Deception Bay may be in the early stages of transition to gentrifying.
As somebody who once lived in Deception Bay, but still works in the shopping centre, I can tell you the area is definitely not gentrifying. It’s still just the utter dregs of society.
@@JackWhitehead1981 I said early stages. You are right. New Farm used to be the same.
Hi, How about Flagstone? Is that included in the worst area? please advise
Hi PK, what’s good location to buy an IP in Brisbane in next 3mths under $380k? Preferably townhouse
Hi mate , you have great vedios brought my second investment property within five months without buyer agents with ROI of 5 .9% both rented with days in the areas you mentioned not to buy. 🙂
Good on you! Markets within markets
I love your videos PK. However, anyone realised that someone gets benefits from someone's losses. If I'm wrong correct me, please. there aren't be happy every investor. We are getting profit from other's losses. I am not against anyone, but I'm just saying.
You pretty much just said the hole of Brisbane? Beside cbd? So where to buy?
There are markets within markets, eg even in logan citing council there’s a few suburbs that make the grade.. I just spoke generally here
Very good point man could you please tell me some areas witch you would consider investing in for around 400k it’s my first investment and having trouble trying to find a good spot much appreciated
Could anyone give reviews buying house at flagstone please?
Is it worth to buy to live there?
What would be your advice for areas like Spring wood, slack creek, tanah merah ?
Hey PK I was close to buying Drewvale before, which is just next to Browns Plains. Would you invest in this suburb? It still falls within BCC.
Hmm I personally wouldn’t but I don’t know your strategy
Umm basically saying what we already know, the closer to the CBD the more valuable the property 🤷♂️🤦♂️
That’s actually not true, like if you regress 35 years of data there is no correlation between growth and proximity to CBD.
Right now in general that may be true in brissie in the current phase..
But there are over 12 suburbs even beyond 20ks of the city that are growing faster than nearer suburbs and also are positive cashflow..
That’s where science of investing comes in.
Hope this adds value to you and everyone reading.
Melbourne has a different phenomenon in terms of proximity to cbd where south easter suburbs are performing better that inner cbd suburbs and will continue to do so
Hi PK thanks for the great video!
i am looking at north lakes and those area you advised to avoid 😨
just wondering if house alreay built also fall under or just avoid new land&house package only?
It not a bad area, it’s just that there are so many better options if you want to spend 600+
Yes stay away from house and land packages general advice
This video made a year earlier is spot on. But now places like Oxley are blue chip now.
True
Not now mate.
Yep. Who would've thought. Man, even Pallara.... 😂
What you think of Beaudesert?? We’re thinking to build home and land package. Not for investment
what is your current perspective on these same properties you were talking about considering the current financial crunch - Dakabin / North Lakes?
He was totally wrong. He didn’t know what he was saying. It was conjured. 2 years ago, I would have invested in Mango Hills if I had money. Today it’s far gone and the place is so good. I lived there and left for another city. I would have bought if I had money. Now it’s $850K minimum
Thoughts on Cornubia and Shailer park as investment? Seems ok but interested to hear your thoughts.
Hi pk ,videos are very helpful as a first investment seeker.Whats ur opinion regarding green bank for under 60k. Thanks keep going with ur efforts man.Cheers
Most Young people usually can’t afford those central blue chip areas you mentioned bro
Hi Pk,
Thanks for your videos!
What do you think about investing in a house in chinchilla ? Or a one bedroom unit in stones corner ? I’m confused! Please help🤩
Hey PK
We own acreage in Burpengary just moved in. Nice 3000m2 flat block. Close by to amenities. Currently PPOR.
Would you say rural residential acerage blocks are a good investment? Value is in the land.
Look forward to hearing from you.
Lol. Sounds like you've already been scammed. Whoever sold you your 'acreage' ripped you off.
One acre is 4047m2 so sorry to say, your block is over 1000m2 short of being acreage.
What about Inala? Looking like rents around 350k for a 3 bed and positively geared?
Thanks for your hard work and making this video really appreciate your content, unmatched with any channels out there.
Thank you! Very high percentage of renters which means a lot more digging is required
@@AusPropertyMasteryWithPK How do you check the number of owner occupy vs renters PK?
bro i've been living in narangba for 14 years and still dont want to move so of a matter of fact no I'm not moving
Ok
I’m just surprised your still alive tbh
Hi PK, Where should 1st home buyers should buy for own living as family with kids. It should not be over 500k..
Is Nerang good?
What about considering other age groups though? Sub 35/40 with the ability to purchase aren't the majority though?
its all relative, for the ROI that you get in these suburbs and the price you get it from, its still better then most melbourne and sydney properties. Also, for that price you can maybe only afford a unit, and land has capital growth, and its a long term hold. I can see these suburbs are the next up and coming, as people from the south are migrating up, and pushing local blue chip suburb properties up and they could compromise for this, let alone the development going on around these suburbs. If you average out 4% increase per year, you wont be dissapointed, but in fact right now, there is not enough supply vs the demand in the brisbane market
hi PK, nice insights you have given. I heard you mention about oxley. How is the area there?
Thanks PK. Its inspiring. How about the waterfront lands in Newport? Good for investment?
Hi mate I understand you run the accelerator program. But do you also offer a buyers agent program too. As I’ve got approved finances and looking to execute very soon. Basically Im was just about to be conned by the typical Logan BA spruker prior to watching some of your videos haha
Haha. Email me at info@consultingbypk.com
Warning! It’s not cheap 😜 because I genuinely think everyone who has 3-5 hours a week and some interest in property doesn’t need a BA with some structured and data led education
@@AusPropertyMasteryWithPK Ok then mate I will send you over an email. Haha, ok then mate, still keen to find more. You’d feel sorry for me with the kick I’ve had selling mid 2019 one of my properties that’s now for another 30-40% in rent and value. But oh well lessons learnt, had a few wins also.
Thats pretty much where you can find the 3-4-500k properties. If not those areas where else can you enter at that price range in Brisbane?
There’s a few suburbs on the south side, but most opps in that range are not in brisbane
I was thinking of a dual key in the northern regions as I can stay in the small one and rent out the other. I thought the other renter would allow me to reduce mortgage stress once positively geared if I choose to have a gap in my employment and leave the country.
I was thinking of taking your course but if I invest regional to then pull capital and buy a principal, I will have two mortgages instead of one to still have my own pad
Thanks for the great insights? Is Kallangur also as bad as other Northern suburbs?
Hi PK, I love to watch your videos. Very informative. thanks
Thanks
Do you still think establish house in crest mead is bad?
Ian a renter lived in many of these places.. understanding my perspective is more important ..
What about Russell Island ?
LOGAN RESERVE what do you think about investment
I bought in Redbank plains in 2018 2016 build for 287,000 - 3 bed, 2 bath and 2 garge.
It's gone up to 400,000 In 4 years.
113,000 in 4 years.
Sorry to hear. I agree the opportunity cost is quite large.
@@AusPropertyMasteryWithPK Lol actually I have made 113,000 in 3 and half to 4 years.
So what i am saying is your analysis in inaccurate. Price boom is peaking at the moment in redbank plains which is actually even a lower class suburb than the ones you mentioned and right next to them.
The other thing is House prices never go down significantly after a boom, If so it's slight and then they stagnate for a period.
@@AusPropertyMasteryWithPK
So my prediction is house prices will continue to rise more so in the Springfield, Augustine Heights and redbank plains area and especially in redbank plains because supply is only just meeting Demand but Demand in these areas is Huge for investors and first home buyers due to affordability.
I've spoken to a realestate agent who against his best interest told me to Hold onto my redbank plains home because prices were still going up and will do for the next year.
@@lahwf125 good on you. I’m talking relativity. Like one could have bought in other parts of brisbane for 300 and in 12 months alone was worth 400+.
Agree then may not go down, but this video is about opportunity cost. Good on you
@@AusPropertyMasteryWithPK So you're saying there were properties In Brisbane that were 300k and went to 400k on 12 months?
Tell me which area in Brisbane was that? And show me links of previous price for one property that was 300k and made it to 400k in 12 months. I would be interested to see that
Love Binging your videos mate ,
What’s your thoughts and opinions on Bald Hills data looks quite good
Thanks so much! You can do much worse thank BH!
Spot on PK
Bit late to the party but how do you feel about oxenford?
Would interesting to see what areas you would recommend.
I’ve done other videos on best brissie suburbs
If you want to see how this plays out, just visit yarrabilba. 4/5ths of its stages are now cancelled and all the home builders have mostly left. Amazingly it hasn't stopped the boom at springfield lakes which sold out ever stage almost instantly at insane prices.
Springfield Lakes has a lot more amenities already in place. It is also closer to two CBD hubs (Brisbane and Ipswich). Yarrabilba is still very much a satellite area, and unfortunately it recently flooded all around it.
Besides, lots of druggies
Hi PK. Thank you first of all!…. I’m wondering if you would count Yamanto in the same category as Ripley and the ‘high risk’ Ipswich suburbs?
Not tooo far from it
Andrei, This guy has missed the market by a longshot and is a dumb ass don't listen to him - Yamanto - Ipswich is the fastest growing region. Ripley and Yamanto are not the same.
Hi PK,
Thank you for doing great video, it was really informative one. What do you think about these areas: Springfield Lakes, Spring Mountain, Augustine Heights. Cheers?
These are exactly the areas that I’m talking about :)
What about Redland Bay? Established property but there’s a big Shoreline development coming up. Great video 😊
I actually like Redland bay….
Any thoughts PK?
It's just way too far out without decent transportation. No trains (aside from Cleveland line, which is still far away), and buses hardly exist. I looked at Shoreline previously, but was kind of put off by the lack of infra
It was that slogan "RENT MONEY IS DEAD MONEY"
I have predominantly concentrated on the Brisbane North and MEL areas.. but what about Doolandella? Around the Brown's Plains area.
Hey PK, do you still hold the same opinion about those worst suburbs for investment?
hahahahaha, i can probably say he regrets this video
What about flagstone, is that a good suburb to live in? Not so much about investment just wondering whether it’s a good suburb to live in
I think Townsville is a great counter cyclical investment imo..
PK what are thoughts in buying a townhouse in indropilly,st Lucia area? I understand there will be strata but what about the long term growth , would that be a good area for a townhouse
Better places I reckon
Young people want to live in Oxley? They must enjoy piling up all their belongings on the front lawn every time it rains for three days consecutively...
Hi PK I am a property Valuer, been doing for 20yrs been doing the ripley and Ipswich area and Logan reserve which has been all marketed to investors. I agree these areas are not good and investors will be in a world of pain.
Exactly
It’s better for home buyers and in future will develop itself
@@AusPropertyMasteryWithPK thanks for providing this advice to your viewers. It is extremely dangerous to buy in markets that are marketed to interstate investors
Hi Mate, my agent advised me to buy an apartment at Springwood. What do you think of that ? Thank you …I’m currently live in SA, I don’t know much about Qld market. Please help
@@Javajean - the body corp fees will end up killing you. I would stay away from units. even in that area. Better off buying a house in the inner ring of bne. 0-10 kms
How about pallara?
Well done PK.
🙏🏼
Hi PK,
What are your thoughts about Albany Creek, Eatons Hill
No more interest rate cuts as has been the case for last 30 years since they were 17% is bad news for the market. Even if rates don't rise watch the market dive.
Thanks
You mentioned woodridge (as woodbridge) yet that was reported to be the highest property value gain over the past year. go figure.
Good point, it has risen over 25% like almost all of brisbane. However my thoughts on the data..
One as an example is that most parts of Logan (not all) have over 50% of properties owned by investors. Now this is a pretty simple data metric, quite well known.
Right now Logan is booming almost entirely due to sydney Melbourne investors. It’s not first home buyers or local upgraders.
There will come a time where rents won’t rise so much because too many options for tenants.
And as interest rates rise, investors - especially those who are gambling with some pockets of Logan, are the first to get jittery and sell. Who will buy those properties? More investors?
The suburbs mentioned have mostly underperform rest of brisbane and let’s see whether they retract or not :)
Do not touch Woodridge if u value your life, or your asset lol. Stay away
It’s all very good to invest in the Brisbane city area IF you can afford it. But if you can’t, I still think the Southern end of the Moreton Bay Regional Council is easily the prime place.
True the southern end
@@AusPropertyMasteryWithPK I agree, from Dakabin heading North, there’s a lot of undeveloped land in the Moreton Bay Regional Council, which developers are extensively packing in cookie cutter developments, with minimal local infrastructure value. But the Southern end of Moreton Bay, specifically the 3 suburbs surrounding the Petrie Mill PDA / USC Project (Petrie, Kallangur and Lawnton), and the entire Redcliffe Peninsula, have fantastic potential for lifestyle and planned infrastructure.
Do you change your view on this after Skyportz just announced their air taxi center in Petrie?
Parts of Petrie are great to invest in, I have there myself.. this is high level commentary.. market within markets.. sorry no I don’t know about any taxi center
Both very depressing and informative. As I was looking at both the Greater Springfield and North Lakes region, but you've opened my eyes to alot of the downsides to investing in these hwVily developed areas.
Springfield is nightmare on traffic if u work in CBD
@@billymanwailei6167 this is so true
Train from Springfield is good to city
Interesting bought a property in Springfield lakes 9 months ago. Had it valuated has gone up $80,000 in that period. 30 mins to CBD. Seems great so far 😊
@@jessehall1648 yeah a rising tide lifts every single ship. Which is great!
Hopefully it stays up when the tide goes out
Buy property in high demand suburb or good public school. Then you should be ok, a.t.m. If you have bought last year then those suburb has gone much more then cheaper suburb.
Thanks
rising tide lifts all ships!!!
Thanks mate, I was thinking in invest in Greenbank, what is your opinion about that?
Not a big fan
Even to live?
@@marcosmartinez6136 oh that’s a different thing.. depends on your preferences I guess if to live
As u said anything above Kalangur is bad,
How about Bald hills, strathpine , bray park, Bracken ridge for 550k budget?
Not everywhere above is bad,.. markets within markets
Thank you so much PK for the very useful information. Is buying a A$600,000 unit in New Farm Brisbane to get rental say A$500 or so a week be a good investment, please?
I wouldn’t say so,, there are building hundreds more cookie cutter ones there.. you’ll be a dime a dozen in the new appt
@@AusPropertyMasteryWithPK thank you so much for the valuable feedback. I didn’t know there are new buildings in New Farm. And I think getting a house is still preferable than a unit - but of course not A$600k in New Farm house; but maybe in Brighton, Wynnum, Manly Brisbane- may need A700k-900k or above budget range though
@@megakrub I would recommend buy something more positive cashflow!