Mundoolun Road, Jimboomba, QLD 4280

1.7(1 review)

Great for

  • Clean & green
  • Parking
  • Peace and quiet
  • Safe and sound
  • Cost of living

Not great for

  • Childcare
  • Eating out
  • Gym and fitness
  • Internet access
  • Lack of traffic

Who lives here?

  • Retirees
  • Country Lovers

Reviews of Mundoolun Road, Jimboomba

"Boomed in 2007, no growth now as the market catches up, terrible rental return for investors"

The area is still rural and properties are acreage so there is little neighboury spirit by default, you just don't see your neighbours. As with all acreages you need a 4WD and you need to drive everywhere, if you have kids and you want them to have a normal upbringing and be able to play sports and see their friends then you have to be prepared to drive 30-40 kilometres a day just to ferry them around not to mention the rest of the family needs.

There are a number of agents playing this area as " close to Brisbane" and "close to the gold coast", my advice would be to do a drive in peak hour to where you need to go. The are limited choice of roads which is a reality and the traffic to leave the area and get back into the area is still subjected to all the other suburbs around which are not coping in peak hour at all, you just have to ask someone who lives out there how long it takes them to get to the city.

If you are after an acreage as a lifestyle choice and you can afford to buy it outright and stay for at least 10 years then you will not lose any money, but , you need to look at the facts that this area has tripled in value since 2002, the market ALWAYS levels out and no area continues to triple in value every 10 years, the statistic are there, don't be fooled by those trying to sell you a property telling you otherwise, it is not in their best interest to tell you the truth.

There was an old farm area in Kellyville/Quakers Hill in NSW which was sold of to developers and values doubled and tripled in 2002 and 2003, this suburb has seen no growth now for a decade, you need to keep this in mind. This is one example of hundreds.

If you jump on the websites available to show sold prices you will see that people who bought in this area in 2008,2009 will now be selling at a loss and people who bought in 2002 to 2006 will be looking to get double and triple, but this market is still on the decline and with interest rates coming down and the international market in turmoil, an acreage is a big risk for investment as you get very little return for what you outlay.

If you want a rural lifestyle and you want to bring your kids up learning about animals, responsibility and dont minnd no mobile coverage and terrible internet then you will love this place.

It is expensive to put up kilometres of fencing, you will need to get annual termite treatment and like solitude.

Great for getting back to basics and having your own vege garden, a few animals and peace and quiet though. Keep in ind resale values if you are not sure about staying for at least a decade. The horse has already bolted here.

Great for

  • Quiet. solitude
  • Great if you dont like having neighbour contact
  • Space

Not great for

  • Market has already jumped, overpriced
  • Bad rental return
  • Bad state schools, you will need to pay private schooling

Who lives here?

  • Retirees
  • Country Lovers
0
The opinions expressed within this review are those of the individual and not those of Homely.com.au.Report

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