Henry Family

Just thinking about buying an investment property at Hamilton Wharf - big new Multiplex development.

Anyone got an information they could share on the area?

Thanks very much.

>Trigger<

Whole new suburb being built, home to 10,000...I take it you've seen the website?

Henry Family

Hello, thanks for your reply.
Yes we've seen the website, but we don't live in QLD so unsure of the area.

>Trigger<

I work in the next suburb (eagle farm) and at the moment its more of a industrialised area..but with the need for more housing,this area will most certainly go up in value...I'll have a drive by on the way home and have a look and see if there's any work taking place...so far I've only seen signs on the roadside..

>Trigger<

Might help..It's a fast expanding area


http://www.portsidewharf.com.au/

http://www.hamiltonharbour.com.au/index.html

http://www.domain.com.au/Public/Sear...y+Types&page=2

renth

Property values are falling in the US and UK. We are on the brink of a global economic meltdown. Forget property at the moment, go for hard assets like gold and silver.

Henry Family

So 40% predicated growth in parts of QLD over the next two years are way short of the mark?

I can't see property prices going down here in WA, at the top of the market anyway. As long as there is the demand and increased population (500K in the next ten years) then the property market will be fine? Obviously it can't continue on the same upward trend but we have been very lucky so far.

renth

Who knows, you might get lucky but personally I'm very bearish at the moment, I think tough times are ahead. I'm being very cautious with my investing strategy at the moment. I'm certainly not touching property.

gillysm

We are not UK or US and IMO property here is still a good investment although 40% seems a bit high. Property prices in Brisbane peaked in 2004 but there is still good solid growth predicted. Capital growth over the next 10years is expected to be around 10% according to Residex but Hamilton has been way outperforming expectations.

If I were you I would research the Hamilton further before buying there but I believe you will still get some good growth. Check out what similar properties are selling for and remeber that you make your money when you BUY

gill

Henry Family

Thanks very much indeed - really helpful

>Trigger<

I had a quick look on the way home...Nothing much going on at the moment..looks like they are just starting the entrance to whole estate.

Looked at the plan...Zone 1 looks a good bet...right on the river.

I don't think any of the local industrial area will come into play as the whole area has the river on one side and Queensland golf course on the other.

Henry Family

Very kind, cheers for that. Great stuff.

K sent