2018 Hotspots and Predictions

still think there is always new and newer suburbs in Melbourne (that will emerge) - I know @sash thinks that inner city is on the decline however in the suburb of "Preston" - over the last 2 weekends, first single home has breached 2 mil mark and also 1.74 mil again. This trend has been happening since the 80s (flow on effect).

outer suburbs still has steam - one suburb has gone high 300k to mid 400K in a matter of months.

even in the heavy rain - ppl still rock up to make bids creating new sale records. ppl need to be on the ground to understand market sentiment

 

Can only build a single dream home. But the pictures below is why it got the massive price. Always rich people around this area willing to buy whatever they want. Money is no object and supply is extremely low in North Bondi and Bondi Beach for well located land sites. (houses are to be demolished in most cases)
This is why:

 

+1
My outlook for Bne has been pretty conservative (very slow, but consistent growth) over the medium to long term, but a couple auction results in my suburb (inner north) this past weekend, makes me think there may be a bit more momentum than I thought.
These are owner occupier homes - the yield would be way to low for investing. Not sure if they're interstate buyers for the extensive reno jobs.. i doubt it.
the complete homes in the $1-1.7m bracket are also moving very quickly.

 

Some support Adelaide on here but the main reason Adelaide is not heavily supported is their economy. They just cannot seem to create the jobs there.

 

You must be talking about Logan?

 

I agree @vbplease.

I think there are generally 2 types of good 'house' deals to buy. 1. Is like you mentioned, the low yielding homes that are really a complete reno or development deal where the loss of cash flow is factored in the deal from the outset when a feaso is done. Most investors can't take on such a deal. 2. The other type of house is the one where its not really a development deal but the home is old, on a larger block and in a desirable area where a good reno later on will really add value. The yield also is not quite as bad as the development site but most likely still some NCF depending on deposit. #2 type deal is far easier for more medium level risk profile investors to handle than #1 is.

 

Naa im talking BCC. I have had some reasonable growth there but mainly from buying well rather than a complete market increase. I want to see Brisbane do double digits overall

 

I would only buy when I see market starting to rise, booms generally go for 2 years so you have time, takes the guess work out of it.

 

that's what you need to find out? when did it start, is there a ripple effect? if so where/what's happening on the ground?

 

2018 hotspot and predictions?
I'd say davoren park will be the one to watch.
Watch this space...Sydney, Melbourne, Brisbane are all over hyped and over rated.

 

I've also been watching areas in adelaide, would you care to share why you think davoren park would be one to watch?

 

Because @Barny owns one there and he asked me to hype it...

 

Lol how funny was that.
That thread was a **** take on everyone hyping up every single location they have bought in. I sold daveron and haven't stopped smiling since. Great cashflow but tenants did my head in.

 

That photo looks like the Ben Buckler area near the end of the Dover Heights - North Bondi dyke. It's a very tightly held pocket, rarely any sales there.

 

didn't know where to post this but first time I've seen a house advertised for this much
68 The Promenade Isle Of Capri Qld 4217 - House for Sale #125995190 - realestate.com.au

 

Blacktown and Doonside in Sydney are two suburbs I think will do well over the next few years.

 

They arn't Jerry Springer Contestants?

 

Mate! Economy in Tasmania is rubbish.
Hobart is only going good because it has geographical constraints and high tourism from melbourne
People talk about outer suburb locations of Hobart like they are in Melbourne or Sydney!
Inner suburbs of Hobart are already expensive compared to other similar sized / bigger towns in Australia. Yep Hobart is a great place but dont be blinded just because its a 'capital'

 

I should also say that their is chronic under supply in Hobart because no one bothered to build a new house in the last 20 years.
The developers will sort it out and trash the market soon enough though

 

My tips (probably be 2 years too early)
Vic - phillip island , surf coast, bendigo, ballarat
Nsw - dont know stopped following - maybe north coast past port mac (exclude byron and immediate area, already crazy)
Qld - brisbane? Hervey bay, sunshine coast, townsville
WA - various mining towns that went too far down, too many vacancies state wide to see any huge growth
NT - im thinking a heap of pain to come once inpex winds up, regionals are way overpriced
ACt - no idea
SA- havnt been watching closely- never seems to boom! Was always interested in Taperoo- largs bay area, port noarlunga, hills areas, torrensville down to netley are good value. Also think Mt Gambier is a nice town to invest for the right price
TAS- could see growth in Outer Hobart suburbs. Personally i think a lifestyle.property for 300k with a 5% yield may be better long term than a 300k property in Moonah/ Lutana/berriedale but who knows?