Are there any particularly good pockets of Brighton (and areas to avoid)?
We're from Sydney and looking at buying an investment property in Brighton, so would very much appreciate local advice.
2 Answers
I've been told areas surrounding Massie Street are generally worse, though take that with a grain of salt as it might just be a rumour. Otherwise most of the suburb that isn't low-lying is good. Proximity to Sandgate might be helpful.
Most parts of Brighton offer good investment opportunities with the most expensive real estate being along Flinders Parade (being the waterfront) then the Avenues which run off Flinders. Be careful though as these streets are flat and can be flood liable during periods of sustained wet weather (as happened Aus Day weekend 2013). Obviously any properties with a water view (or potential for one) will be the best investment, then any properties which are closer to Sandgate (which is better again). There is a small pocket to the west side of the Deagon Deviation which is not as good value wise although still better than Bracken Ridge. There are a lot of post war workers cottages in Brighton which offer good renovation opportunities so look out for them.
Thanks - I appreciate the response. We bought a post war cottage in Brighton last year (not waterfront unfortunately!) and did a small renovation before renting it to tenants.