falgunpatel

Is it a good suburb to invest in with strong capital growth? Especially in the capestone region?

Yes and soon the government will be building a University about 10 minutes away. I bought an investment property there recently and looking for quality tenants was easy

Excellent to hear! Thank you for your response. I too have recently purchased land in Capestone and building a 4B. Glad to know tenants are of great quality and easy to rent out. May we both enjoy the long term growth prospects ahead. Cheers

The 32km distance to the city puts a price cap on this area. Most "professionals" are not going to commute this distance. I moved here from Sydney recently as visually looks fine (and I work from home), but I've discovered is a low social economic area with a lot of bogan's living here.. very downmarket...I've just bought a house in a nice city suburb, Hendra (nice houses with tree lined streets and nice 'normal' people). House prices around that area have gone up 40% in 5 years, compared to this area which prices have gone up 25% last 5 years....and from my experience here, I put this down to the distance from the city AND the kind of low socioeconomic people this area attracts with their lower incomes. I believe growth in Mango hill and surrounds will stay lower, where as the city suburbs will continue to boom and grow at a faster pace.

Average house prices have only gone up in Hendra in the last 5 years because a lot of the original homes have been flattened and blocks have been split in to 2 med-high end quality homes. North Lakes / Mango Hill was never a dilapidated suburb like Hendra, It's brand new, and priced so. The margin for growth isnt there.. Unless you move close to the river, you can't escape the "bogans" in Brisbane.