QLD Brisbane house prices set to fall 8%?

Discussion in 'Where to Buy' started by Vin, 13th Jul, 2015.

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  1. bobbyj

    bobbyj Well-Known Member

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    "Brisbane will be up 5 per cent [in 2016], with the strongest prospects for growth," he said
     
    bobbyj, 13th Jul, 2015
    #21
  2. Tim86

    Tim86 Well-Known Member

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    Brisbane prices are going to fall terribly. I'd say by at least 150%

    Everybody stay away. Especially stay away from the suburbs that I want to buy in!
     
    Tim86, 13th Jul, 2015
    #22
    fairy likes this.
  3. JDP1

    JDP1 Well-Known Member

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    +1..lol
    Then where should people buy? Southbank? Docklands? Glen Waverley?
     
    JDP1, 13th Jul, 2015
    #23
  4. Steven Ryan

    Steven Ryan Well-Known Member

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    18th Jun, 2015
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    Oh yeah, I second this.

    In fact, I'll make a deal. If anyone owns in Brisbane, I'll buy your houses at half price. Better that than having to put them on the market for 10% of their current value after the world implodes in a few days.

    Any takers?

    Anyone?

    Hello?

    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[​IMG]
     
    Steven Ryan, 13th Jul, 2015
    #24
    Bran likes this.
  5. bobbyj

    bobbyj Well-Known Member

    Joined:
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    Location:
    Sydney
    Perth.
     
    bobbyj, 13th Jul, 2015
    #25
  6. Lisa Parker

    Lisa Parker Well-Known Member

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    24th Jun, 2015
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    Melbourne
    I had a giggle when I read the article just now posted on property observer.....Melbourne to drop 9% by the end of the year.
    What made me laugh was the response to why, "we don't know why the modelling says it will go down. It just will" (loosely translated).
     
    Lisa Parker, 13th Jul, 2015
    #26
    Kael, Toon, Propertunity and 2 others like this.
  7. sash

    sash Well-Known Member

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    More chance of showdown at the OK coral for fights over properties.

    Over the weekend i bought a unit in Brissie 6 klms from the city and an interesting thing happened....

    As I said I signed the contract on the unit I bought before I went up on Wed (relied on my rental agent and photos).....then looked at it on Friday. The agent opened it again on Sat..I came back to take photos so I know what items to reno in the unit. At the open there were lots of people who were disappointed when they were told that the unit sold. Anyway...there was this one lady who kept telling the agent she did not believe that he sold it so quickly. In any case he pointed me as the owner...anyway this lady ...she was not pleased and asked me if I was the guy from Sydney with over 20 properties and whether i bought the place. I did not answer 20 properties but confirmed I bought it...she then told me that she knew the owner and she knew she had not signed..any case to cut a long story short..

    Turns out the lady was the daughter in law of the owner who was selling on behalf of her disabled son...later I learnt she would under any circumstances would sell to the DIL...she reckons she is some piece of work. Karma isn't it?

     
    sash, 13th Jul, 2015
    #27
  8. HUGH72

    HUGH72 Well-Known Member

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    Don't base your investment decisions on newspaper articles firstly
    One comment: why not think for yourself, you will always be able to find reasons not to invest if you try.
     
    Last edited: 13th Jul, 2015
    HUGH72, 13th Jul, 2015
    #28
    keithj and KDP like this.
  9. bobbyj

    bobbyj Well-Known Member

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    +1
    I suggest going back to basics and relying on location location location, infrastructure, transport, developments, schools, shops, population growth for the region etc
     
    bobbyj, 13th Jul, 2015
    #29
  10. Azazel

    Azazel Well-Known Member

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    Azazel, 13th Jul, 2015
    #30
  11. HUGH72

    HUGH72 Well-Known Member

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    If the article gave some reasons for a fall it might provide food for thought, but whats the catalyst? Brisbane property probably lost 10% from 2008-2013 but there were significant reasons for this. I don't see those presently.
     
    HUGH72, 13th Jul, 2015
    #31
  12. Steven Ryan

    Steven Ryan Well-Known Member

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    Obviously, their model knows GFC#2 is about to happen followed by more floods.
     
    Steven Ryan, 13th Jul, 2015
    #32
  13. Vin

    Vin Member

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    Sydney
    This thread definitely settled it for me. Thank you for your input...

    Very true... I have gone through the text book definition of "paralysis by analysis" and found all kinds of reasons not to invest since I started looking in Sydney, 12 months ago.

    I've been debt free all my life with some capital saved up which is why taking the first step has been very difficult and I find myself looking at such articles to convince myself not to o_O
     
    Vin, 13th Jul, 2015
    #33
    Jacque and Lisa Parker like this.
  14. C-mac

    C-mac Well-Known Member

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    The article was a bit of a laugh really. I am not saying that markets cannot go backwards (some do!), but even as a worst case; 8%? In Brisbane? With that city's fundamentals? Not likely, IMHO (which is based on 3 years of personal buying there, and market research at a postcode level). Don't take my word for it, do your own research on specific postcodes of interest, yourself.

    I despise those sweeping, blanket statements that profess to claim an entire city will go either up or down by massive percentages. Every major cap city is made up of dozens of sub markets. In a city like Brisbane the discrepency between postcodes can be huge. Inner cbd brisbane could be oversupplied soon for example and maybe those select inner postcodes will stagnate or go backwards.

    But other postcodes will do other things. Some housing types will do better than others even in the same postcodes. Way too many variables to profess entire city based sweeping statements.

    My friends always as me about 'where are you buying next??' and for this reason I have always now responded with the words 'pockets of...' in front of any city or town name I am about to say. Because, well, that's the truth of what I am doing.
     
    C-mac, 13th Jul, 2015
    #34
    Azazel likes this.
  15. Lisa Parker

    Lisa Parker Well-Known Member

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    Posts:
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    Melbourne
    you will always be able to find reasons not to invest if you try.[/QUOTE]

    Someone should start a "Property Chat hall of awesome quotes".
    This one is pure gold!
     
    Lisa Parker, 13th Jul, 2015
    #35
  16. Gockie

    Gockie Life is good ☺️ Premium Member

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    Haha. I'd be adding some from my mother in to that thread!
     
    Gockie, 13th Jul, 2015
    #36
  17. Lisa Parker

    Lisa Parker Well-Known Member

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    Lisa Parker, 13th Jul, 2015
    #37
  18. sanj

    sanj Well-Known Member Premium Member

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    [QUOTE="Sea Eagles88, post: 18470, member:And with the yield of at least 4% then you've gove 40% return purely on rental returns over the 10 years[/QUOTE]

    What about mortgage payments?
     
    sanj, 14th Jul, 2015
    #38
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  19. 380

    380 Well-Known Member

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    ignore media and its rubbish reports,
    Trust your Due Diligence
    And look at activities that's happening on ground...
     
    380, 14th Jul, 2015
    #39
  20. Steven Ryan

    Steven Ryan Well-Known Member

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    I'm glad you mentioned this only so I can provide an example relevant to your situation.

    If you had purchased in Sydney 12 months ago, you'd probably have seen 15% growth on whatever you bought.

    Lets say a $500k property. You'd been up $75,000.

    Analysis paralysis is not cheap.

    That said, you still need to be prepared and comfortable before you dive in.
     
    Steven Ryan, 14th Jul, 2015
    #40
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