QLD 2020 is the year for Brisbane!

There’s plenty.

Suburbs with higher owner occupier appeal, higher than average incomes, suburbs with a large pricing disparity between entry level and finished product. Close to lifestyle or amenities. I’d argue train stations aren’t a Big factor in Brisbane as most people drive

 

Depends on your strategy, skills, risk tolerance and overall portfolio structure. There are no easy or quick answers imho.

 

What’s your budget? After a freestanding house ?

 

Agree on this train station stance for the moment, however - I believe this will become super critical as the population expands. I’m only buying in areas with access to train stations.

 

Looking for places below 800's, preferably below 700, any type of property

 

Which part?
Why Geelong?
Or why not Brisbane?

 

I never claimed to have read all posts on these forums. I read the parts that interest me and to be fair Brisbane does not make it high on that list.
But ofcourse no matter what thread your in, a pro Brisbane post finds its way in. Been happening for 4 years now. And I suspect it will be happening for a lot more.

But I’m not arguing so please do enlighten me on Brisbane’s fundamentals and why it will make a better investment choice than say Melbourne?

 

"Any type of property" needs to be redefined. Do you want to buy something that will require a small reno or do you want it all prettied up and ready to rent out. Do you want a house or a townhouse? What demographic do you want to rent to?

For a beginner with your budget, i would suggest a suburb based around a hospital, eg Chermside to Herston along the busway.

 

Melbourne has already had its run for the time being (or at least the majority of it) , affordability issues will now dampen its prospects of strong capital growth for the foreseeable future. Yes affordability is one pull factor for Brisbane and we are already seeing strong net interstate migration primarily from Sydney and Melbourne as lifestyle and affordability in those cities degrades . There are several major projects underway on Brisbane delivery 1000’s of jobs including the 3.6billion Queens Wharf casino which will transform the CBD and is expected to bring an additional 1.4million visitors to the city pa . This is supported by extra flight capacity provided by the second airport runway . Cross river rail is another large project and Roma st live will be a world class venue activating an under-utilised part of the city . Mining investment is also rising . Things aren’t perfect but Brisbane is in a much stronger position to deliver capital gains over the next 3-5 years than Sydney and Melbourne in my opinion .

 

Include taringa , Indooroopilly and Toowong in your search . Could get a house on a smaller block for that price . Check your flood maps obviously . Great school catchments , high owner occ appeal , close to uq etc . You’ll struggle below $700k but it’s worth maxing out your budget and buying in a blue chip area in the long term if you ask me .

 

Thanks for the detailed post.
My concern here though is are these really projects that will deliver capital growth?

And TBH the best reason given IMO in this post is affordability which is what I was alluding to in my original post...I still maintain the best argument for Brisbane is affordability against the big boys (Sydney and Melbourne).

Pockets of Melbourne are still very affordable.

 

Yep....there are parts of Melbourne which you can buy well under 500k and still get to city via train for under 40 min.

I own in Brisbane...also....the gains have been no where near what they have been in Melbourne/Sydney.

 

What suburbs have you invested in Brisbane , may be part of the problem ... One of my properties has gone up around $300k in 5 years and another $100k in the last 2 years . Not bad considering we have been in a supposedly fairly flat market . You really need to know your markets in Brisbane .

 

You are right that is a big part of it . I don’t think Melbourne will go badly at all I just think Brisbane is due for a nice run. Both are probably great cities to invest into for the long term .

 

Mate ...already made money on most

Deception Bay - house bought for 235k....now 330k
Margate - house bought for 251k ...now 400k
Clontarf - house bought for 325k...now 450k.
Strathpine - house bought for 301k...now 430k
Annerley Units (2) - bought 260k and 263k...now between 320-340k
Moorooka Unit - bought for 260k...now about 330k

With the exception of first 2 alll others bought in the last 5 years or so.

Same period bought in Geelong/Melbourne - profits are between 180-300k.

I reckon Brissie will perform..but lower than Sydney/Melbourne. Will sell 3-4 over the next few years in Brissie. Will redevelop Margate...and keep Clontarf and Strathpine and may one in Moorooka/Annerley for another cycle. The units are ultra low maintenance much cheaper to own than houses.

 

albanga. It's about the way Brisbane has changed over the years ,at one stage the highway to the gold coast was only a 2 lane highway,and SirJoh would never allow the pokies into Qld most would travel too tweed heads to blow their money..The M1 is a multi lane high speed and every hotel club has the pokies now .. Inner city properties back then like west end new farm were not safe to walk at day or night now those 2 small pockets are 12 out of ten blue chips ..

Only my opinion but in south east Queensland we are lucky to live in the greatest part of the world and anyone that has travelled the World or Australia would know that same as Victoria each has their own credits..

I think the big push will come and depending on ''IF'' the ''IOC'' as the bid will formally start just before the Tokyo Olympics ,with a decision most likely be made by the end of 2022 for the Olympic Games in 2032 ..

Lets just say that happens ,add a change of Government and the lead up too 2032 plus the massive build up during that is already in the pipelines then full steam ahead..stay happy and what happens -happens..

 

I have very similar profits to that in the same time frame. All bought in Inner ring or Inner middle ring. Vert high demand OO suburbs and larger blocks. Also bought well. At one point I had offers on 7 properties waiting for a bite that meets my criteria. I bagged my loot and then ran away to look over my spoils.

There's a big difference between Brisbane not performing well and buying not well performing assets

Each to their own Buddy. Party on.

 

Thanks Sash good info . None of the areas you bought in Brisbane I would have personally bought it , not prime areas but that’s great you have made gains . That seems to be the difference between Sydney/Melbourne and Brisbane , in the southern capitals you can but anywhere and expect to do well, in Brisbane you really need to understand the prime areas where people want to live and buy there if you want to outperform the general market .

 

Spot on as always Sackie . I’d love to buy a place around red hill Paddington type area for when Roma st live eventuates but not in a position to do it at the moment unfortunately

 

Maybe...but the devil is in the detail.

When I was buying you could have got in the bottom end of Holland Park for 480k...it is now around 650k. On that you would have paid stamps/legals of 16k...plus a quick reno 20k....so profit to date is around 134k and you would have run this at negative CF. The % profit is 21%

Lets take and area like Margate you could have bought something bottom end for 280k...value today around 420k....stamps/legals 9k....quick reno 20k...so profit to date is 111k. That would have been mostly neutrally or slightly negative to date. ...so a profit is about 40%. If you would have bought 2 of these it would have cost less and you would have made more money.

Something to think about. Agree this could not have been done in areas like Deception Bay...but would work with Redcliffe and Strathpine areas...