QLD Brisbane is booming 2022!

Discussion in 'Where to Buy' started by Sackie, 1st Jan, 2022.

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  1. LP7

    LP7 Well-Known Member

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    Definite slow down at this point. But still pretty good prices being fetched in plenty of places. Real test is coming in the next couple of months though given we've now actually had a rate rise and the election is behind us.
     
    LP7, 23rd May, 2022
    #2881
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  2. JDP1

    JDP1 Well-Known Member

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    Nope. From what im seeing, the brisbane employment market is still buoyant, and fairly high paying at that. As long as that continues, brisbane will be ok. Any slowdown you might have seen will likely be due to flood fears with all the wet weather.. but that's temporary. As long as these jobs don't disappear, it'll be fine.
     
    JDP1, 23rd May, 2022
    #2882
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  3. strongy1986

    strongy1986 Well-Known Member

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    strongy1986, 23rd May, 2022
    #2883
  4. Brissy1

    Brissy1 Well-Known Member

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    Brissy1, 23rd May, 2022
    #2884
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  5. Sackie

    Sackie Well-Known Member

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    Sackie, 23rd May, 2022
    #2885
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  6. Harveys

    Harveys Well-Known Member

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    Morningside median 1.1m, Logan median 390k according to RE. Both Medians still affordable even with higher rates. I don’t see a disparity of inner and outer ring property’s.
     
    Harveys, 23rd May, 2022
    #2886
  7. Gen-Y

    Gen-Y Well-Known Member

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    If Logan is $390k. It isn’t a problem. But going by the most recent post. They are saying it is $600k. Either inner 5km is lagging behind or 20km is moving too far ahead in price.
     
    Gen-Y, 23rd May, 2022
    #2887
  8. Sackie

    Sackie Well-Known Member

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    Logan at 22/April. A quick 5 second glance at REA sold results looks more or less accurate.

    Btw....didn't some...ah hem people smash those who bought in logan some years ago saying it was a terrible place to buy?? Calling them....let me recall.... amatures. I didn’t buy there, but I know I wasn't arrogant enough to smash anyone for doing so. You gotta love it.:D

    Screenshot_20220523-113910_Chrome.jpg
     
    Last edited: 23rd May, 2022
    Sackie, 23rd May, 2022
    #2888
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  9. Gen-Y

    Gen-Y Well-Known Member

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    It wasn't me that calling anyone armatures who was investing in Logan.
    I've just choose where I was comfortable for growth vs yield because that is where I wanted to invest.

    More than 1 way to skin a cat as I know yield will eventually catch up.
    $1m property is currently yield 3.2%
    $500k property is currently yield 4.3%

    Pick your comfort level of investment.
     
    Gen-Y, 23rd May, 2022
    #2889
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  10. Sackie

    Sackie Well-Known Member

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    Not you mate.
     
    Sackie, 23rd May, 2022
    #2890
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  11. Gen-Y

    Gen-Y Well-Known Member

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    upload_2022-5-23_12-0-43.png

    Looking at the latest Corelogic Daily.
    Seems like Brisbane is pulling back in growth.
    It was 6% change QTR on QTR in February 2022.
    Now it is pulling back down to 5%
     
    Gen-Y, 23rd May, 2022
    #2891
  12. vbplease

    vbplease Well-Known Member

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    vbplease, 23rd May, 2022
    #2892
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  13. Coxy89

    Coxy89 Well-Known Member

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    Considering the original forecasts last year were a slow down to 8-10% this year maintaining a 5% qtr on qtr rate at this stage of the year is promising.

    If it stays at this level we'll be on track for 10% by mid year, winter might be a good gauge of it. Typical slowdown in the selling season so maybe some lower results moving forward with a frantic end to the year again I think.

    Supply is not going to change in a big way this year so as long as that continues pressure on prices remains.
     
    Coxy89, 23rd May, 2022
    #2893
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  14. Coxy89

    Coxy89 Well-Known Member

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    They're adjusting to new land values/build costs now. 800m2 blocks in these areas are high ones into the twos now for something that needs 1.2-1.5m spent on it. Noting these houses are normally significantly larger, 450+m2 under roof with high end finishes. + Big external areas and pools etc.

    You couldn't replace these houses with a builder at the moment for under 3.5m incl land.
     
    Coxy89, 23rd May, 2022
    #2894
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  15. Harveys

    Harveys Well-Known Member

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    Most of logan has moved past that yes, anything half decent is 500k+, but anything half decent in Morningside is way more than 1.1m.
     
    Harveys, 23rd May, 2022
    #2895
  16. frankjeager

    frankjeager Well-Known Member

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    yeah logans def not 380k anymore, 500k +
     
    frankjeager, 23rd May, 2022
    #2896
  17. Kholod45

    Kholod45 Active Member

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    How about the mar
    How about the market for smaller properties in inner Northside Brisbane?
    How much do you think this one would go for? Agent us saying it rents for $800/week and his comparatives shows $700k-850k expected sales prices? Is it too good rental yields to be true?
    54 Stafford Road, Gordon Park, Qld 4031
    https://www.realestate.com.au/property-house-qld-gordon+park-139319579
     
    Kholod45, 23rd May, 2022
    #2897
  18. Coxy89

    Coxy89 Well-Known Member

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    Seems a bit low compared to normal Gordon park stuff. Its a very main road though which would mark it down. On a better street your into 1.3m range for similar size blocks

    34 Alva Terrace, Gordon Park, Qld 4031 https://www.realestate.com.au/sold/property-house-qld-gordon+park-138680119
     
    Coxy89, 23rd May, 2022
    #2898
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  19. wylie

    wylie Moderator Staff Member

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    We have a friend who has bought, renovated and sold within Gordon Park all his married life. He refuses to move elsewhere. It's a fairly small suburb but has some lovely houses.
     
    wylie, 23rd May, 2022
    #2899
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  20. fols

    fols Well-Known Member

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    Sack's posting Logan stats. I think someone's slipped something into my drink.
     
    fols, 23rd May, 2022
    #2900
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