"The horror stories of people doing their dough is limited to the off the plan apartments that drop more than 50% or the very high end multi-million dollar places that halved as well."
Id agree with that. And it was more consentrated in the tourist/ Aussie dollar related areas/ tourism and overseas buyers. GC, Sunshine Coast and FNQ.
I still did well and made money doing reno's in Brisbane during the 5 year post 2008.
I think Brisbane and surrounds present some good buying now. Large blocks on 15km circle.
Someone here got a large 1000sqm land and rentable house, that was cash flow positive in Tingalpa, $350-$390k area. Will prove very good buying in 5-10 years.
