The exception to this rule is Noosa Waters, in Noosa. If you can find a water front block it’s from $2million, more for the right aspect, size and street name,
Not bad for something that was only $280,000 back in the very early 1990’s.
The problem is with Estate living is, its cheap house and land package’s and even cheaper for builders spec homes.
They get filled with rentals very quick thus the downfall of the estate. Once the estate has finished its stages, and the quick turn over sales have finished people start either renovating (lets say 5years+ and you you start replacing the cheaper spec items with higher end items) then re selling or living. It’s taken 17 years for the “back lots” that aren’t water front that was the rental filled part of Noosa Waters to start becoming even more trendy as the rental price’s have been pushed so far up the bogan market is driven else where.
These homes in the “back lots” are now pushing $900,000 - $1.6mil, where as in the big boom we had 6 or so years ago, they were only $500,000 homes.
I see the point everyone is making here though. What ever floats your boat, money can be made north or south in Brisbane, quicker money can be turned over quicker in new estates, bigger money can be turned over in non estate area’s IMHO until the said estate has finished all its stages as has become something like Noosa waters…