Investment Property Client Excited about Laguna Mixed Development
An investment property client is keen to hear more about the $250 million Laguna mixed development at North Lakes, 30km north of Brisbane. He purchased an investment property at North Lakes four years ago.
‘The developers, the people behind James St in the Fortitude Valley, have launched the leasing campaign to look for tenants for the latest project.
The George Group, in a joint venture with developer Pointcorp, is creating the mixed-use precinct featuring more than 10,000sq m of commercial office space, a 140-room hotel, a range of community facilities and a large function and event centre at North Lakes, 30km north of Brisbane.
“Laguna will feature a carefully curated mix of cafes, small bars and restaurants as well as a diverse range of retailers; from well-known brands to boutique small-format operators.” George Group director Patrick George’
Source: Courier Mail, May 22nd, 2017
Ticks all the boxes
Of course, this means that North Lakes ticks all the boxes as an area of continuing capital growth.
As mentioned in my recent blog North Lakes Again – Thinking Outside the Square, I have decided on smaller blocks with a two-story home.
This two-story executive home will cost $615,000 and rent valuation is $580 to $620 per week.
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What’s happening at Stone Ridge?
This is a tone-ridge-latest-properties-brisbane/”>very successful development that is now completed and totally SOLD out. I have the last and one of the best elevated blocks in Crest Street.
Future capital gain at Stone Ridge
Well, demand must exceed supply as there is no land left, prices will rise.
And North Harbour
This estate started only two years ago and is already a huge success. My only problem is acquiring enough land. The developers want a 70/30 ratio of homeowners to investors so I have to put my bid in for land, months in advance.
Until next week …
Steve Taylor
If you prefer to listen here is my radio interview on Emerald 4HI:
At the helm of Steve Taylor & Partners, Steve has been delivering expert advice and product knowledge to investment clients for over 30 years. We provide individuals, couples and families with the right strategies to create wealth and change their lives with solid bricks and mortar.
DISCLAIMER
Steve Taylor & Partners blog is opinion and not advice. Readers should seek their own professional advice on the above subject. The figures stated in this article were accurate at the time of publication. For up to date figures, please contact our office.
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