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Brisbane could see 50,000 new inner-city apartments added to skyline, industry expert says

Discussion in 'General Property Chat' started by jaybean, 27th Jan, 2016.

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  1. jaybean

    jaybean Well-Known Member

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  2. Bran

    Bran Well-Known Member

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    Why stop at one?
     
  3. Heinz57

    Heinz57 Well-Known Member

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    As an occupant of an inner city high rise apartment it makes me very nervous. May be time to sell.
     
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  4. Bran

    Bran Well-Known Member

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    Do you live in Brisbane?
     
    Last edited: 28th Jan, 2016
  5. teetotal

    teetotal Well-Known Member

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  6. jaybean

    jaybean Well-Known Member

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    That's the right attitude!
     
  7. hpresident

    hpresident Well-Known Member

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    I think this is just the beginning. I am currently renting a brand new apartment in Bowen Hills (inner city brisbane). Mid-Last year they advertised the rent as 380/wk, Later last year 340/wk and now 300/wk. These are all exactly the same layout apartments, 3 of the same buildings on the same street, all brand new. Landlord must be hurting. My logic for apartments are rent down = valuation down
     
  8. jaybean

    jaybean Well-Known Member

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    Yeah if I owned a house in the suburbs, this is what I'd be doing for sure. Rent out my house and go live 2 mins from work in a brand new apartment for less rent.
     
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  9. willair

    willair Well-Known Member Premium Member

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    Where ever you drive in the inner southside brisbane on any large blocks all are all leveled and building plus the massive supply that will come on line within 9 months at buranda ,and the only time it will stop is when people stop buying,and that never stops the buying part,the only problem will be the price..
     
  10. Sonamic

    Sonamic Well-Known Member

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    Brisbane COULD see 50,000 new inner city apartments. Need 50,000 extra jobs first.
     
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  11. jpcashflow

    jpcashflow Well-Known Member Business Member

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    If the city gets 50,000 new apartments they will need more then 50,000 jobs.
    This is another reason why i don't like brisbane.
     
  12. jaybean

    jaybean Well-Known Member

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    It's still less than Melbourne right? There are oversupplies in both Melbourne and soon to be Brisbane, and to a lesser extent Sydney. This means you'd rule yourself out of all 3 major markets.

    There's markets within markets - you don't have to buy an apartment!
     
  13. jpcashflow

    jpcashflow Well-Known Member Business Member

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  14. jaybean

    jaybean Well-Known Member

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  15. jpcashflow

    jpcashflow Well-Known Member Business Member

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    Well the good thing is with new apartments being built at least the construction industry will be busy...
     
  16. HUGH72

    HUGH72 Well-Known Member

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    Are they the ones close to the SE Freeway, I hope the double glazing is good otherwise the continual noise of heavy traffic 13 hours a day would be shocking.
     
  17. willair

    willair Well-Known Member Premium Member

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    Yes i think about that every time i go past those massive blocks,central to the hospitals transport links,stones corner is the same,but they all sell,anyone sitting on lmr blocks over 1000sqm;s within 5 klm's of the cbd,does not have to do anything just sit and wait for the right price..
     
  18. JDP1

    JDP1 Well-Known Member

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    Yeah thats right...sure there is oversupply in new units in syd mel and bris...that does not mean avoid all 3 cities ! Whats left? Wangaratta ? (With all respect to wang). :)
     
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  19. radson

    radson Well-Known Member

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    (Rant start ) Just want to get it off my chest. I absolutely hate glass balcony apartment blocks. They are everywhere, they are ugly and to me show a complete lack of architectural imagination. (Rant end)
     
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  20. pommy

    pommy Well-Known Member

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    Thats arbitrage! Depends if you mind giving up the living in a house benefits though.