QLD 2020 is the year for Brisbane!

I agree 100 percent about Moorooka and as i spent 4 years of my life living in one of those streets when i was 17 living in a share house with 3 mates renting for 35 dollars a week ..

Problem is anyone starting out now like our daughters from what i see they are not too focussed on the outcome nor the process they just intend to stick too the plan..Small blocks of 5 units 20 year old range on flood free lmr blocks on above 800 sqm's with a outlook into the city and have the courage to dream big and commit themselves..

 

Isn’t the plan the process ?

 

I don't know too much about that area but the obverse ,or flip side is some of the inner southside brisbane the land values are still going up just comes down too the location and zoning now and future zoning and land area..imho..

 

Which inner Southside suburbs went up in the latest government land valuations ? I’ve got a friend with many properties in the area and all theirs stayed the same (camp hill , carina heights etc). In terms of real growth inner to middle ring doing well at the moment .

 

Patrick i think its just certain streets within some of the small pockets and large blocks on those streets ,i don't follow camp-hill carina heights ..

 

Same valuation as last year for Stafford.
I would hate to keep paying increasing land tax. My pet hate right now.

 

This time next year land vals will be up big time

 

I say that because prices are on the rise

 

No thanks - I rather not pay more land tax. I am not selling any of my properties.

 

Oh ok I’ll ask the government not to increase yours then

 

They’ll always need to keep raising revenue, so we’d have a better chance asking buyers to stop paying over asking price

 

Some positive feedback from a local agent. Spoke to her this morning, and she said interest at opens has really increased in the last month or so.

 

Just got my land valuation and both my property in BCC (south side) has gone up 10% land value. This has been happening year on year for the last 3 years. Land tax is getting expensive..

 

Family orientated Brisbane suburb about 10-12 km in the north-west of city, with highly ranked public schools.

Our new land valuation is the same as the previous one. The one before that was over 10% increase from the previous valuation: that one was only a year of two after we bought, and was only 8k less than what we bought the home for.

However, the median values of the suburb have increased over the last year.

Usually not a lot of land sales in the suburb and the larger subdivisions tend to be in the really inconvenient spots. So I get a better feel for land value from sale prices for fixer-upper/entry level properties like ours close to land value. These entry types of properties seem to have edged up by noticeably in recent few months.

But there also happens to be a few land offerings and sales over the last few months in the handier spots: a few larger properties that have been subdivided into 2-4 blocks. I was chatting to an agent to and was surprised to hear how high some of the sale prices of these blocks were.

Based on some of this, I was expecting another increase for the current valuation.

But these may not have factored in to the current valuation because they are so recent. And now with the upheaval of Coronovirus, it might take the simmering pot off the bubble for a while before it gets a chance to boil over.

Attended a couple of OFIs today. One had it's first open and was quite crowded. Roomy house (although officially only 3 bedroom with 'utility rooms' downstairs, nice big pool. The other across the road was lower price bracket and lot more work to do, has been on the market a couple of weeks and had just a few lookers.

Next door to us is another renovator's delight and has been a rental for last couple of decades. It is having some overdue work done on it to get it ready for sale, so will be really interesting to see what happens. Will be watching with interest.

I did mention to agent that the 2 blocks together could offer options to subdivide. If we got a certain sale price and leaseback while development paperwork is sorted, we might consider selling. But not sure if the figures would stack up to be viable, and haven't heard anything further from the agent. Not particularly concerned, as we are also happy to stay here for now and work on plans to improve or expand the house.

Although long term I think a shift will be on the cards if my mum needs to live with us for accessibility. This suburb is lovely with its good schools and parks and rolling hills - but sucks for accessibility in nearly all the homes for elderly folk.

 

https://7news.com.au/business/prope...ue-homes-on-brisbanes-corona-avenue--c-745608

Interesting article, but wonder if it is a bit of a beat up. 44 Corona Avenue in Ashgrove: popular street with million dollar plus properties. Only 3 people through. Now surely if you are wealthy enough to be shopping at this price bracket, you aren't dumb enough to stay away just because it has 'Corona' in the street name.

But it has been on the market for several weeks now, so the last rush of buyers has passed anyway. By now the looky loos have had their peek. The serious buyers have probably already been through and made their decision whether they are interested or not. I don't think it is that unusual to only have a few through once a house has been on the market for a few weeks.

I will also be interested to see if this type of price bracket might be impacted by the share market shennanigans - someone shopping in this price bracket is more likely to have a share portfolio, which probably took a big hit recently.

The OFI in my suburb I think might be looking for high 700s/low 800s: quite a different price bracket.

 

Can’t be too safe..
and buying corona beer? You may as well go to Italy and start hugging random people..
Coronavirus fears have already cost Corona beer £132 million in lost revenue

 

You can mention the name of your suburb .