As Sydney’s boom ends, other locations step up :)

Title says it all

Latest from Terry Ryder

Cliff

 

quote..
In simple terms, the best buying in 2016 for future growth will be found in Brisbane, Adelaide, Hobart, parts of Melbourne and selected regional centres, including the Gold Coast, the Sunshine Coast, Cairns, Port Macquarie, Newcastle and environs, Albury-Wodonga, Geelong and Bendigo.

quote..
The danger markets include central Melbourne, central Brisbane, central Perth and the beachside suburbs of the Gold Coast.

quote..
Hey Terry,You missed number 6. Dont buy one of your worthless reports as they have proved to be consistantly wrong !!!

thanks for the link..

 

I would not waste my time either.

Though he did not mention Perth, perhaps he got that one right, don't touch it

He has to make a living after all??

MTR

 

Cranky of Terry

2016 will have buying opportunities in some areas, as does every new year, really. Just have to do our DD on finding the ones poised for growth (via independent research!)

 

Great more for moi!

 

I think beachside of gold coast will be steady

its taken a battering over hte years and only just recovered some ground, and it hasnt boomed in recent times.

and yes, no credibility mr ryder

 

I'm a little concerned too much inner city building by developers will hamper price and rental growth for houses in the inner middle ring of Brisbane. Hope that won't be the case.
I have one tenant vacating in Feb in Carina so I'm planning on doing quick repaint and fresh up myself.
Next year I might buy again in Adelaide or hold out till the end of the year and look seriously at Perth.
Much of regional Qld outside of tourism centres GC/SC and Cairns are pretty weak at the moment so its not the right time to buy there again yet.

 

Depending on how well appointed your place is, and what sort of clientele you're after, leasing a place in Carina should be ok at that time of the year. It's a very easy trip into the city from there, meaning that you could appeal to both professional and university students too (the out-of-towners tend to head into the city in Jan/Feb, looking for accommodation). It's a great area.

 

Prices are weak and so are vacancy rates.

Cliff

 

Anyone have any thoughts on when regional qld might pick up?

 

for short term, who knows,

for long term, now would be quite an ideal time,

depends on how regional though!

 

3 months after the mines make an announcement.

 

Where in particular?

 

Yes,I like the area as well. Not a bad time of year for a vacancy I suppose.

 

I think Toowoomba will shadow Brisbane performance and if Ipswich moves which it has done so in the past.... along side the infrastructure coming online and the agriculture boost plus low buy in prices for investors I think it will run again

 

Thanks guys. Rockhampton in particular but also looking at cairns (which I know has been discussed elsewhere).

 

I'm a big fan of rocky , but when I've looked in the current cycle , vacancy rates are quite high .

If you bought now , you'd be buying in at the bottom , but don't know when it will move .

I like to see a flicker of life , before I start a resuscitation ...

Cliff

 

Thanks Cliff,

I bought into gracemere about 10 years ago so have a fair bit of equity there. Haven't had any problems getting tenants so that's a positive. Like you said the hard decision is whether to hold on for the next upward trend or cash out. Confident it's at the bottom now it's just how long until there's a resurgence that's hard to know!

 

Weak ATM, vacancy rates elevated but coming down apparently. I haven't had any problems with houses but one half of a duplex is proving tricky finding a new tenant. Its been vacant for about 4 weeks and probably will be now until mid January. It might have more to do with the type of property.
Rents down maybe 5-10% on a couple of years ago?
Bottom of cycle so bargains possible but might not be going anywhere for a while IMO.
Stay away from the river, Depot Hill, West Rocky near the airport and other flood prone places.
Tenants have choices so prefer brick vs cheap wooden run down termite infested dumps no matter how cheap they appear. Quality properties on the Range excepted.

 

There are so many great towns in QLD I feel the same - need the economic drivers to kick in, then see some hope then it will be time to buy for the next cycle but no rush yet. Realistically most of the towns will need a turn in global commodities to have a proper run.