Banks: Brisbane touted to boom (~20%), other capitals to follow

Discussion in 'Property Market Economics' started by Nervous, 17th Sep, 2020.

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  1. Nervous

    Nervous Well-Known Member

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    Source
     
  2. jaybean

    jaybean Well-Known Member

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    I’m heavily invested in Brisbane and want that more than anyone but I think I’m at a point now where I can’t get excited anymore until I see the receipts.
     
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  3. Noobieboy

    Noobieboy Well-Known Member

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    Well banks believing is half the “reality” as far as I’m concerned. If the banks think Brisbane will outperform, means to me that they will lend easier in Brisbane. More money usually means more demand. More demand usually means higher prices.

    in my mind what banks believe is almost a reality.
     
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  4. MelindaJennison

    MelindaJennison Brisbane Buyer's Agent & QPIA Business Member

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    I saw this too. All I'd say is that not all areas of Greater Brisbane will perform in a uniform way. Local drivers of supply and demand will determine price growth in different pockets around the
    region.
     
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  5. Nervous

    Nervous Well-Known Member

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    Of cause! Being the largest LGA in Australia (metropolitan I believe), it would be silly to think that the growth is uniform. Some areas might grow over 20%, some areas might barely grow.
     
  6. Marg4000

    Marg4000 Well-Known Member

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    There have been predictions of a Brisbane boom for many years now.
     
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  7. Nervous

    Nervous Well-Known Member

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    By the banks?
     
  8. kierank

    kierank Well-Known Member

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    It IS coming ...:D.
     
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  9. twobobsworth

    twobobsworth Well-Known Member

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    Biggest problem with QLD is it's full of Queenslanders. Once they sort that out things will improve. I think we'll start to see a lot of migration from interstate push up prices. I could be retired today if we sold out of Sydney and moved up.
     
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  10. kierank

    kierank Well-Known Member

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    We better start building that border wall NOW.
     
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  11. standtall

    standtall Well-Known Member

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    My three investments have done well in Brisbane:

    Mansfield - paid $660k in 2016, bank valuer valued it for $770k last month. Weekly rent $600 - comfortably positively geared with refinance at 3 year IO at 2.59%

    Annerley - paid $720k in 2016, current value $830k, rent $650pw - again comfortably positively geared

    Camp Hill - paid $860k in 2017, current value $1.1m, rent $770pw - significantly positively geared

    As a Sydney investor, my other alternative was to buy in places like Penrith or new estates around Camden in these budgets and I doubt they would have generated $460k in equity growth in 3-4 years time.

    I am very happy with the decision to invest in inner-mid ring Brisbane for achieving both excellent yields as well as decent equity gains!
     
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  12. George Smiley

    George Smiley Well-Known Member

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    When Sydney sends its people, they’re not sending their best. They’re sending people that have lots of problems, and they’re bringing those problems with us. They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people.
     
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  13. kierank

    kierank Well-Known Member

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    I know. I have first-hand experience.

    My wife was originally from NSW :D.

    Even worse, her ancestors came to Australia on the First Fleet. So she has inherited a criminal record as have my kids and grandchildren :eek:.
     
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  14. DueDiligence

    DueDiligence Well-Known Member

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    Out of interest what's the land at Camp Hill valued at?. I live there now, its one of the most overpriced places on the Southside in terms of land.
     
  15. Gockie

    Gockie Life is good ☺️ Premium Member

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    Lol.
    The scum of Sydney, self selecting to move to Brissie. ;)

    Lol.

    Just like, Victoria can become a part of the US, and that will improve Covid stats for both US and Aus ;)

    Just some fun... I <3 Queensland, and Victorians, you are so nearly there!! Hang in there!!
     
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  16. standtall

    standtall Well-Known Member

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    $700k by valuer general.
     
  17. DueDiligence

    DueDiligence Well-Known Member

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    I’ve seen split block selling here for $1200 a sqm
     
  18. Lacrim

    Lacrim Well-Known Member

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    Feels good when the land component increases....then you think about the land tax:(
     
  19. standtall

    standtall Well-Known Member

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  20. Gen-Y

    Gen-Y Well-Known Member

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    I reckon you have done super. Well done there.
    I am hoping to get some good equity soon on the north side - Stafford ;)