Sturt Drive, Redbank Plains, QLD 4301
Street located within the suburb of Redbank Plains, part of the Ipswich local government area in Queensland's Brisbane Region.
Great for
- No ratings yet
Not great for
- Neighbourly spirit
Reviews of Sturt Drive, Redbank Plains
"A Hole - Glad to be out of there."
Lived in Sturt Drive, Rebank Plains for 4 years, full of housing comission and the tenants that come with it. We rented our home out for a further 5 years and had one rotten tenant after the next. Our house was vandalised every time a tenant was moving out, had to evict two of them, and our house was almost burned down twice by another, and we were not the only ones - rule of thumb, NEVER buy a rental property in that area. Also the Real Estate Agents are hopeless at managing the properties.
I have owned properties on the west and south side of Brisbane and still do. I must agree that I have found some tenants to be down right dreadful. I had one property in Wood ridge where everyone told me not to buy, tried to rent it myself and was ripped off three weeks rent and had the house vandalized.
After that experience I made sure to get building and landlords insurance. This ensures that I do not have losses on rent and from damages, they even cover loss of rent its great for this specific kind of investment.
Due to the low cost of purchasing in the area I know that their will be significant growth due to the fact a higher level of demand for houses priced at $300,000 than those priced at the higher end of the market for example 400-500K.
My older brother has a rental property in Yeronga (inner Brisbane suburb, very expensive purchase price) and experienced the same issues described above - i.e. one dodgy tenant after another. They even had to evict the last one. My point is that bad tenants are potentially everywhere - so just make sure that you have landlord insurance as described above to protect yourself, regardless of the suburb.
Reply
I have owned properties on the west and south side of Brisbane and still do. I must agree that I have found some tenants to be down right dreadful. I had one property in Wood ridge where everyone told me not to buy, tried to rent it myself and was ripped off three weeks rent and had the house vandalized.
After that experience I made sure to get building and landlords insurance. This ensures that I do not have losses on rent and from damages, they even cover loss of rent its great for this specific kind of investment.
Due to the low cost of purchasing in the area I know that their will be significant growth due to the fact a higher level of demand for houses priced at $300,000 than those priced at the higher end of the market for example 400-500K.