API Magazine’s List of Blue-chip Cheap Suburbs


Two reasons why you should grab the latest issue of Australian Property Investor (API) Magazine this month: first, the cover story reveals 60 of the nation’s most promising suburbs – undervalued yet with blue-chip quality and potential!


Second reason: EPI’s, Kaz Young, was among the experts who chipped in their knowledge of these high-growth suburbs ripe for investment.

We’ve focused on the up-and-comers and affordable entry prices whilst located  near amenities, transport and all the good stuff that make the cheapie suburb of blue-chip quality.

On our list are the suburbs of Mt Gravatt East, Moorooka, Morningside, Wavell Heights, Stafford, Brighton.

Meanwhile, 10 other property experts from around the country helped fill out the list and shared their top picks. You can download the article by clicking on the image below.



2016 REIQ Buyer’s Agent of the Year


The year 2016 rang in wonderfully for Everyday Property Investing with Kaz bagging this year’s Buyer’s Agent of the Year award at the Real Estate Institute of Queensland (REIQ) Excellence Awards. This is a back-to-back win for Kaz who was also recognised last year for the category.

The REIQ Awards is an annual event recognising real estate practitioners who have made an outstanding contribution to the State’s real estate profession. The event was held at the Brisbane City Town Hall last February 6th. It was a Gala ball attended by nominees, friends and colleagues of Queensland’s best in real estate.

Below are some of the photos during the glitzy awards night.

karen young 2016 buyers agent of the year
property zest team 2016 winners of REIQ awards

It’s fantastic to have won the award and to have been selected as Buyer’s Agent of the Year for the second year. Truly an amazing achievement for our buyers agent company, Property Zest, to be included to the list of the best real estate practitioners in the region. Below is the complete list of winners in various categories:

  • Large Residential Agency of the Year – Harcourts Coastal
  • Medium Residential Agency of the Year – Denovans Real Estate
  • Small Residential Agency of the Year – Propertyology
  • Commercial Agency of the Year – Raine & Horne Commercial Brisbane Southside & Bayside
  • Residential Salesperson of the Year – Mark McGill – Amber Werchon Property
  • Commercial Salesperson of the Year – Mel Pikos – CBRE
  • Auctioneer of the Year – Justin Nickerson – Apollo Auctions
  • Residential Property Manager of the Year – Katie Knight – RE/MAX Success
  • Corporate Support Person of the Year – Brock Beazley – Century 21 on Duporth
  • Business Broker of the Year – Ian Salter – Benchmark Business & Commercial Sales
  • Rookie of the Year – David Savoff – CBRE
  • Buyer’s Agent of the Year – Karen Young – Property Zest
  • Best Real Estate Report – Matt Cranston – Australian Financial Review
  • Community Service Award – LJ Hooker Ormeau
  • Commercial Property Manager of the Year – Caitlin Donaldson – Knight Frank Australia


The 2015 Telstra Business Women’s Awards—We’re A Finalist!


It’s been a little quiet around here lately and we apologise for the unannounced hiatus of the EPI podcast. We’ve been quite busy of late being on the ground doing what we love doing, what else—buying property!

But we’d like to break the silence by sharing a fantastic news, host of EPI, Kaz Young, has been picked as one of the finalists to the 2015 Telstra Queensland Business Women Awards, Startup Category(Yay!), for her Buyer’s Agency business Property Zest.

TBWA 2015 QLD_Finalist_neg_RGB_purple_V3

The Telstra Business Women’s Awards is one of the most prestigious and highly recognized programs for businesswomen in Australia. The annual Awards celebrate businesswomen who have remarkable spirit, display leadership, and have a compelling vision that shapes what they do in their business.

Now on its 21st year, the Telstra Business Women’s Awards “not only celebrate women who have the courage to start their own business and lead their industries, but also offer them a platform to encourage others to challenge the status quo and think differently,” said Telstra Chief Operations Officer and Telstra Business Women’s Awards Ambassador, Kate McKenzie.

We join 27 brilliant and talented Queensland finalists from diverse industries— childcare, public safety, farming, energy, real estate. Aside from Startup Category (where we are one of the finalists), other categories include: Entrepreneur, National, Purpose and Social Enterprise, Government and Academia, Corporate and Private, and Young Business Women’s Award.

We started Everyday Property Investing in 2010 aiming to share the knowledge we’ve acquired (good and bad!) throughout the years of our property investing journey. After two years, we opened a startup company, Property Zest, and since then have endeavoured to help investors get started in property and build their portfolio.

The regional winners of the 2015 Telstra Business Women’s Awards will be announced on 29 September in Brisbane. Queensland winners will proceed to the national finals to be held on 18th November in Melbourne. Wish us luck!

2015 REIQ Awards Buyer’s Agent of the Year


Karen Young is 2015 REIQ Buyer's Agent of the Year
We’re thrilled, happy, eager, elated, giddy (please take this thesaurus away from us!) to share with you that Karen Young of Property Zest (aka Kaz to Everyday Property Investing community) has been awarded the 2015 Buyer’s Agent of the Year by the Real Estate Institute of Queensland (REIQ).

The announcement came during the glitzy awards gala night held last 5th of February in Brisbane.

The REIQ Awards is an annual event recognising real estate practitioners who have made an outstanding contribution to the State’s real estate profession.

To be included amongst the finalists is already an honour.  To be chosen the best in the category is definitely something that will motivate us even further to deliver only the best buyer’s agent service in the State.

Below are some of the photos during the awards night.

townhall room
menu stage
podium award

Now we’ll be off to Perth in March to represent Queensland at the Real Estate Industry Australia Awards night.

We join an elite list of winners this year. Below is the complete list in various categories.

  • Large Residential Agency of the Year — Place Estate Agents
  • Medium Residential Agency of the Year — Explore Property
  • Small Residential Agency of the Year — Urban Property Agents
  • Community Service of the Year — LJ Hooker Ormeau
  • Commercial Agency of the Year — CBRE
  • Commercial Salesperson of the Year — Peter Court (CBRE)
  • Commercial Property Manager of the Year — Julie Magennis (CBRE)
  • Residential Salesperson of the Year — Brett Andreassen (Doug Disher Real Estate)
  • Residential Property Manager of the Year — Loretta Morgan (Jam Property)
  • Buyers’ Agent of the Year – Karen Young (Property Zest) — that’s us!
  • Business Broker of the Year — Ian Salter (Benchmark Business & Commercial Sales)
  • Corporate Support Person of the Year — Amy Wolter (Place Estate Agents)
  • Rookie of the Year — Susan Brant (Amber Werchon Property)
  • Auctioneer of the Year — Mark MacCabe (LJ Hooker Paradise Point)
  • Best Real Estate Report of the Year — Kieran Clair, (Australian Property Investor Magazine)


Happy Birthday EPI – 100th episode out today!

Drumroll, please!EPI-Birthday

It’s our 100th episode – a big THANK YOU to all of the past guests, and contributors and of course to you our fantastic Everyday Property Investing community!

Our 100th episode is something special too –  we’re sharing the best property investing advice from listeners as well as property professionals, check it out!

Here’s to another 100 information packed episodes!


The REIQ Awards for Excellence


We’re happy to share an exciting news to our EPI community: yours truly, Kaz, has been nominated to the 2015 Real Estate Institute of Queensland (REIQ) Awards for Excellence, Buyer’s Agent of the Year category.


The 2015 REIQ Awards is an annual event recognising the contribution of those in the industry to the Queensland real estate profession. Aside from the Buyers’ Agent Award, key players in the profession are also going to be recognised under the following categories:

  • Large Residential Agency of the Year
  • Medium Residential Agency of the Year
  • Small Residential Agency of the Year
  • Commercial Agency of the Year
  • Residential Salesperson of the Year
  • Residential Property Manager of the Year
  • Business Broker of the Year
  • Commercial Salesperson of the Year
  • Commercial Property Manager of the Year
  • Buyers’ Agent of the Year —this is us!
  • Corporate Support Person of the Year
  • Rookie of the Year
  • Community Service Award

The 2015 REIQ Excellence, which aims to encourage, recognise and promote excellence and best practice in real estate; will be held on 5th of February at Brisbane City Hall.

Wish us luck!

Investing in Logan, Brisbane – A suburb review


It’s been a while since our last suburb review and now that we’re back, we thought of putting the spotlight on a location that used to have a not-so great reputation but lately been garnering the interest of property investors.

We are talking about the large council area of Logan City and its group of suburbs located South of Brisbane, about 20 kilometres from Brisbane CBD.

In this suburb review we’ll take a look at Logan City and dissect the factors that had investors buzzing about the area in the past 6-12 months. Included in this report are:

We’re happy to review great suburbs but remember—not all recommended suburbs, property or investment strategy will always be right for everybody. It all boils down to one’s investment goals so remember to ask yourself: What is it that I want to achieve and what is my timeframe?

These questions will be your guide where and what type of property you should buy.

The Location

Logan map

(http://maps.google.com.au/, accessed 13/11/2014) 

The Demographics

As in our previous suburb reviews, we present foremost the demographics of the area. Your investment property is a product—therefore it is important to know whether your product will suit the needs of the people in the area. Knowing the location’s people, where they work, how they travel to work, etc. can help you decide whether the location is suited for your requirements and help you locate the type of property that has appeal to such demographics.



According to the 2011 Census data, Marsden had a population of 11,278., with median age of 27 years old.

Marital Status and Family Composition

The majority of people above 15 years old in Marsden were single (42%) followed closely by married people (41%). Families are composed of couples with children (47.8%), couple without children (25.4%) and one-parent family (25.1%).

Country of Birth

Most common residents in Marsden, next to Australians (65%) were from New Zealand (10.5%), England (2.7%) and Samoa (2.1%).


People in Marsden mostly work in blue-collar occupations. Most common were Machinery Operators and Drivers, Labourers, Technicians and Trades Workers.

The top industry of employment is Road Freight Transport, Cafes and Restaurants, and Supermarkets and Grocery Stores.

Travel to Work 

In Marsden, as in the rest of Australia, the predominant method of transportation to work was by car as a driver or passenger. Only 6.5% use public transport.


Properties in Marsden are mostly separate houses (90.5%) with 3 bedrooms, followed by semi-detached, row or terrace house or townhouses. Around 43% of these properties were rented whilst 39% were owned with a mortgage.

The Numbers

Below is a table of statistics in key investment areas in Logan:


One of the factors that work for the suburbs of Logan is its affordability considering it is a mere 19-kilometre drive from Brisbane CBD. One can pick up houses here on good sized land for under $300k.

The Facilities

Logan hospital and draft

Logan is well serviced by freeways, on a train line, had a university (Griffith University) and a Tafe, large hospital (316-bed Logan Hospital that’s undergoing expansion), major shopping centre (Hyperdome) and suburban shopping centres.

There’s also a draft of Logan City Planning Scheme, indicating area’s  plans to grow and develop over the coming years.


Sample Properties

The style of housing in the Logan suburbs includes older style high set weatherboard properties, low set brick and tile from the eighties as well as areas of newer properties and housing estates. Each of the suburbs has a main predominant style, usually based around the era it was built in.

Here are two examples of properties located in Marsden:


Style: Low set brick and tile, 2003 build, on 652m2 block
Features: 4 bedroom, 2 bathroom, 1 car
Asking Price $349,000
Purchased for: $336,500
Rental: $370pw
Key Points: Good land size, newer house, low maintenance, good depreciation, nice area
Estimated cashflow: Negative $60 per week at 100% LVR.  Customer purchased the property at 80% LVR which gave a cashflow of negative $8 per week.


Style: Low set brick and tile, 1992 build, on 660m2 block
Features: 3 bedroom, 1 bathroom, 1 car
Asking Price $289,000
Purchased for: $285,000
Rental: $330pw
Key Points: Good land size, was owner occupied, so very tidy and looked after.   Add value potential with cosmetic renovation down the track, budget priced.
Estimated cashflow: Negative $26 per week at 100% LVR. Positive $14pw if purchased at 80% LVR.


Logan is an example of an investment area that may have received thumbs down from investors  in the past but has turned the negative reputation around to become a buzzing area in the past 12 months.

It can be hit and miss when it comes to finding the right property in the right street so I’d recommend caution and an ‘on the ground’ approach or using a buyer’s agent. Buying ‘sight unseen’ here is risky. I’d also recommend getting a good property manager on board, this is the sort of area where you do want to really screen your tenants well and stay on top of any issues.   As long as you manage the purchase and the tenants well, this is a good spot currently for low budget investing with good potential.

If you want some assistance, you are welcome to contact Property Zest Buyer’s agency in Brisbane to assist!


The Ultimate Guide to Renovation – Oct 2014 launch


One of Everyday Property Investor’s regular guests, property educator, mortgage broker and renovator, Jane Slack-Smith is opening up the doors to her very comprehensive and high quality course on Renovating for Profit.  She is currently in full swing with her launch video series – full of great information and based on some real-life case studies. We here at EPI, being avid renovators ourselves, have been through and continue to gain tips, knowledge and information from the course and the great community created around it.


[Read more…]

Suburb on the Spotlight: Buderim, QLD

Approximately 95km north of Brisbane, overlooking Queensland’s Sunshine Coast is a suburb that has consistently appeared in searches for viable investment locations. In fact in 2012, this suburb topped the list of the most searched suburbs in Queensland.

We are talking about Buderim,

With a land area of about 648 sq.km, Buderim is a large and diverse suburb with property various styles, age and price brackets, starting from the mid $300Ks right up to the $2.5 million mark.

One of the major reasons for the suburb’s appeal to investors is because of its proximity to the water, beautiful forest and Brisbane.  It’s reputable schools—both primary and high school, public and private.  The Sunshine Coast University is also a major drawcard and the sheer number of retirement villages demonstrates it’s popularity with retirees seeking the seachange and tree change!

In this suburb review we’ll take a quick look at the demographics of Buderim, its facilities and infrastructure projects, as well as present a case study on one of the properties in the area.


The Demographics


According to the census data of 2011, Buderim population is 27,069. The majority of people residing in Buderim were in the 40-59 age bracket (29%), followed by those aged 0-19 years (26%). Median age was 43 years old.



Dissecting the demographics furthermore, below are some points to consider about the family composition, occupation, and dwellings in Buderim:

  • More than half of people in Buderim aged 15 and above were married whilst around 25% were single.
  • There’s a slight difference in the number of couple families with children and those who have no children
  • Most common residents of the area (after Australians) were from the UK, New Zealand, and South Africa
  • Most people work as professionals, followed by clerical and admin workers
  • Top industries of employment were school education, cafes and restaurants, and horpitals
  • Housing— most properties were standalone houses with 4+ bedrooms
  • Around 22% of properties are being rented


The Numbers


Capital growth through the Sunshine Coast area since the global financial crisis of 2007-2008 has not been fantastic.  Areas like the Sunshine Coast have been reliant on small business, retail, tourism and building – but all of these areas have suffered and it’s been slow going on the coast during this time.  Buderim is one of a handful of areas that has shown relatively stable and even positive growth during this time and as the property market and general economic situation has improved over the past 12 months, so too has the growth in Buderim.


Schools and Colleges

classic_board_education_books_400_clr_14377We mentioned earlier that one of the biggest positives of Buderim is its reputation as a centre of many reputable educational facilities and schools—both private and public, from kindergarten through to university. Some of its famous schools are: Buderim Mountain State school, Chancellor State College. Meanwhile, Kuluin and Mooloolaba State School are a few minutes drive away from Buderim.

Cooloola Sunshine Institute of Tafe and the University of Sunshine Coast in Sippy Downs are approximately 5 kilometres away from Buderim.

Healthcare and Aged Care

The closest public hospital to Buderim is Nambour General Hospital, which is the largest public hospital servicing the entire Sunshine Coast—as of now. Come 2016, however, the new Sunshine Coast University Hospital is scheduled to open with 450 beds and is expected to be 700+ beds by 2021. 

Shopping and Entertainment

Buderim has a number of shopping facilities, including a supermarket (Woolworths) on the main street. A major shopping centre can be found in the nearby Maroochydore (Sunshine Plaza), which is just 7-8 kilometre drive from Buderim.

shopping_cart_side_view_400_clr_2868Buderim residents will soon be spoiled for choices when it comes to entertainment and shopping once the Maroochydore City Centre development comes in full swing. There will be regional arts centre, a transit plaza, an ampitheatre, an urban open space, 65,000 sqm retail space, plus new dwellings within the principal activity centre. All of these will just be 10 minutes away from Buderim.

Infrastructure Projects

Buderim, like the suburbs of Kawana Waters, Mooloolaba, Mountain Creek, and other surrounding suburbs will definitely benefit from the Sunshine Coast Airport expansion project. Expected to be completed in 2020, the multi-million dollar project is said to provide thousands of new permanent jobs upon its completion.

The Property

Being such a large suburb there are many different areas within Buderim.  Housing styles are old and new, with areas of 70s style highset weatherboard homes to low set brick and tile of the 80s, 90s and 2000s right through to contemporary modern architecturally designed hilltop homes.  There are smaller residential blocks and then areas with acreage.  We will look at a couple of examples with our case study properties.


  • Proximity to beach and hinterland
  • Direct links to Brisbane
  • A central spot for most of the Sunshine Coast
  • Green environment
  • Good services and facilities
  • Educational facilities – university, private and public schools
  • Easy access to major healthcare facilities


  •  Large suburb with a large range of property styles, age of property and pricing – so really need to understand what it is you are looking for or you will get lost in it!

The Case Study


Having recently searched for several properties in this area for clients, the thing that really sticks out is the variance in styles and pricing of the property in Buderim.  It really does consist of a number of smaller pockets, so if you are looking to purchase here then it’s worth the time and effort, if doing it yourself, to get to know Buderim well.  Take a drive, look around, inspect lots of houses in different areas to get to know and understand the sub-areas and the associated pricing brackets.

For our case studies today we have a basic property at the lower end of the market.  This is the sort of investment I’d suggest could do well here.  The higher end of the market may not be able to show the sort of yield that make it attractive and the higher end of the market is slower to sell if you need to and more sensitive to fluctuations in market prices.


This property is a 4 bedroom, 2 bathroom property with double garage on 707m2.  It is in original condition but is very tidy and has good backyard space.  It’s a short drive to Mooloolaba, Maroochydore, to the Sunshine Coast University and to Kawana.

Expected pricing to purchase this property is $425k – $440k.  Automated valuation with two different data providers value this property around the $455k-$463k mark.  Expected rental is $480 – $500.  For the average investor paying 38% tax, this property would cost in the vicinity of $42 per week to hold but also has some capacity to improve the value and the yield with some cosmetic updates.


Buderim has been a consistent performer for the Sunshine Coast in a market that has been tough over recent years.  The last 12 months has seen Buderim really pick up and move and investors are seeing this area as an attractive option for investment.  Buderim really is well placed to access major healthcare, shopping and transport facilities and services in close by areas as well as having a stronghold on quality education for the region with a number of private and public schools as well as the major university on the coast.

If you are looking to invest on the Sunshine Coast then Buderim is well worth your time to consider as your target location.

Want more information about investing in the Sunshine Coast?  Contact Property Zest Buyer’s Agency.


Suburb Review: Zillmere, Qld (and case studies)


(This is a shorter version of the suburb review we wrote for the June-July 2014 issue of Property Wise magazine.)

For many investors proximity to the CBD is a big factor in selecting an investment property.  The issue that we face when trying to secure a property that is close to the CBD is higher pricing. One of the most attractive things about Brisbane for investors currently is its affordability in comparison to other major cities such as Melbourne and Sydney.  Zillmere is a small suburb just 14 kilometres from Brisbane Central Business District. It’s an older suburb where the government built prefabricated houses here under the Housing Commission in the 1950s post World War II. These old houses still exist in the area and Zillmere has had a bit of patchy past, has made investors reluctant to invest here.

Over recent years, as pricing in neighbouring suburbs has increased, we have seen home owners, investors and developers moving into Zillmere.  This has seen the suburb’s reputation of not being safe be diminished and regentrification of this area is well underway. Over the last few years as more families and educated, working couples have moved in to the suburb owing to these relatively cheaper houses, the space for anti-social elements to thrive has significantly gone down.

With good proximity to the CBD, affordability, new units, transport (including a train station), schools, shops and an ever-improving community, Zillmere is continuing to gain the interest of investors.

In this article we’ll take a quick look at Zillmere from a demographic, housing and facilities perspective as well as present a recent case study of two purchases we have made in this area.

The Location


Zillmere is located a mere 14 kilometers from Brisbane CBD, making it ideal for investment.

Zillmere is surrounded by the following suburbs: Aspley, Chermside, Fitzgibbon, Geebung and Taigum. Population in Zillmere saw growth of 8% from 7,481 in 2006 to 8,105 in 2011.

As the city expands and the demand for housing grows, the price of real estate will rise in the suburbs. Zillmere is already on the list of suburbs, which are expected to be high performers.

The demographics

Next to location, the next important part in your due diligence in looking for a potential investment spot is knowing who lives in the area—where they work, how they travel to work, their family composition. Knowing the location’s demographics will help you decide which property caters to certain population type.   Let’s take a look at Zillmere’s demographics.


Zillmere has a young population with majority of residents belong to the 25-29 years age group. Median age in Zillmere was 34 years.

Marital Status and Family Composition

In Zillmere, majority of residents aged 15 and above were single (41%). Around 37% were married and 14.9% were either divorced or separated. Of those couples, 38.9% were without children whilst 33.9% have children.


Most people employed in Zillmere worked in clerical and administrative jobs (17.8%). These were followed by professionals (16.9%), technicians and trades workers (14%), and labourers (12.6%).


Most properties in Zillmere are standalone houses (71.8%). Around 19% were semi-detached or townhouses.  There are a high proportion of rental properties here with 47.8% compared to the state statistics of 33%.

Mortgage and Rental Payments

The median weekly rent in Zillmere is $365, higher than that of the state average, which is $300, though lower than many Brisbane suburbs.   Median mortgage repayments were slightly higher at $1800 per month compared to that of state average of mortgage repayments in Queensland at $1850, but once again, lower than many Brisbane Suburbs.  Having been a traditionally ‘blue collar’ area we are seeing a shift in Zillmere to more of a ‘white collar’ area over recent years.

Facilities and Infrastructure

Zillmere is conveniently connected Brisbane with its own railway station. It has a busy local shopping centre adjacent to the railway with four other shopping centers within a 5 kilometer radius. Zillmere also has good air connection, with the Brisbane Airport being only 15 minutes away. The Gold Coast and Sunshine Coast are also easily accessible via the Gateway Motorway.

Zillmere has a government school, the Zillmere State School established in 1877, as well as a parish school along with a number of churches. It boasts 2 football clubs, the North Star Football Club which plays in the Brisbane Premier League and Zillmere Eagles Australian Football Club.

The Brisbane City Council is planning extensive urban renewal of the public areas within the suburb. Chermside offers Zillmere residents access to two hospitals (Holy Spirit Northside Private Hospital and The Prince Charles Hospital) and Westfield Chermside, the largest shopping centre in all of Queensland, featuring all major retailers, restaurants, a 16-screen cinema complex and a 26-lane Hyperbowl Bowling Centre.

Major roads such as Gympie Road or Sandgate Road cut down the commuting time to Brisbane city to about 25 minutes.

A significant portion of Zillmere’s residential properties reside on land that is suitable for further development into units and townhouses and this has seen an influx of developers of recent years with many new apartment blocks.

The Case Studies

Case studies

We have recently purchased two properties in Zillmere that are indicative of the types of opportunities you may see in this area and although the houses are very similar (right down to the exact same floorplan!) they contrast two different approaches.  Our first property is a straight buy and hold property which has already been renovated and the second is a ‘renovator’s delight’!

Case Study 1: Buy and hold, already renovated

case-study-1This property is a 3 bedroom, 1 bathroom, 1 car garage on 749m2, purchased earlier this year.  The house had just been renovated and had a fantastic new kitchen, polished boards and was fully repainted internally.  The buyers spent a little money on putting built in robes, ceiling fans and a new side fence on the property.  The property was purchased for $412,000, approximately $7,000 was spent on the improvements and the property rented at $400 per week.


Case Study 2: Buy, renovate and hold

case-study-2This property is a 3 bedroom, 1 bathroom, 1 carport on 635m2.  In contrast to our first case study, this property was definitely a renovator’s delight in need of quite a bit of cosmetic work internally.  The property was purchased for $360,000.  The buyers allocated $40,000 for cosmetic renovations to be conducted by a licensed building company as they were located interstate.  This project is currently underway and estimated rental at the end of the project is $400-$410 per week.

Here are the cashflow scenarios for these two case study properties:



Zillmere is a bit of a ‘rough diamond’.  An older suburb with a housing commission background, it’s found itself in a perfect position in the present property climate in Brisbane. It’s relatively close to the Brisbane CBD at 14km.  It’s well supported by transport including train and bus.  It has major shopping facilities, hospital facilities and industry close by.  Most of all, it has affordable housing on good sized blocks ripe for renovation and suits first home buyers and investors.  At the time of writing, it is possible to buy at under $400k here – but for how much longer will this be the case?