It's like Chermside, too many apartments, specifically in the form of investor-grade ones built by a particular local developer to capture the FIFO workers a decade ago when the mining boom was on. I viewed them when they first built them; they might technically have 2 bathrooms but they're very small, not meant for living in long. As someone else commented, these may have wound up housing a lot of National Rental Affordability Scheme renters: young working class people, people concentrating on getting started. I've bought in Nundah recently - it wasn't my ideal but the price was right - and just opted for something older and bigger near the perks (the parks and brook) rather than the built-up central Nundah area. The suburb is close-ish to the CBD and is convenient, so feels like it should hold its value even if it doesn't go up, though it's so convenient that must be going to do that sometime too so if that happens, great. If it doesn't, I figure if I can I'll rent it out to the local demographic when I move on. There'll always be young people needing to rent cheapish and housing for them is not a bad thing to contribute to society. I'd love to see the area flourish in my time here though. Hoping with the new Toombul that may happen!
Flooding pockets and overs supply of units makes Nundah affordable, like a lot of Brisbane suburbs in the flood zone. Nundah is often overlooked, but it's a great place with proximity to the airport, schools and public transport