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QLD Brisbane looks good

Discussion in 'Where to Buy' started by Steven Ryan, 19th Jun, 2015.

  1. Gockie

    Gockie Jobseeking! SQL Developer Premium Member

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    The meetup wrapped up just after 8pm local time! Small gathering... food was great. :)
    I can recommend The Shady Palms.
     
  2. Whitecat

    Whitecat Well-Known Member

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    This is true. I like the stats too though. Thanks @RetireRich101. What's your source? That's one thing I've noticed about property stats there is quite a variation in figures around from reasonably reputable sources.
     
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  3. kierank

    kierank Well-Known Member

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    Yeah, it was on last night. Unfortunately, the wife and I had to leave early as we have a big day today.

    I did say a quick G'Day to everyone.

    Then I got 'stuck' with @Angel and her hubby :) :).
     
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  4. jprops

    jprops Well-Known Member

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    Yep. Residex has wavell heights at 10%.. core logic seems to have it at 3.02% ???

    Free Suburb Profile report for Wavell Heights QLD (4012)

    (Source: CoreLogic)
     
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  5. Whitecat

    Whitecat Well-Known Member

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    Exactly.
    Around 20% over 3 years matches multiple recent sales within 300m of my IP. I'm highly confident about the evidence for that. 3% seems too low for last year for that radius from cbd and what I've seen in Chermside but maybe it's possible by some measure...
    I've seen quite large variation in stats but i still like them. Keep them coming.
     
  6. RetireRich101

    RetireRich101 Well-Known Member

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    not questioning if they are accurate or not, but all those were from
    Wavell Heights Property Market, House Prices & Suburb Profile

    If you look at per year basis to compare between corelogic, residex etc, as they may start and finish leading and lagging. However if you stretch it out for 3 years it is more accurate.
    if you do the WH using corelogic or RE 2013-2016, i think it arrives at 24% for the 3 years, cant' remember

    as long as your WH has grown more than others, then we use that stat :p
     
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  7. Whitecat

    Whitecat Well-Known Member

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    Today I met up with my cousin from Sydney who was also on holiday in New Zealand
    Him and his girlfriend mentioned that they are looking for an investment property in Brisbane. This was the first I had heard about it and they havent been exposed to my perspectives nor this forum. Their rationale in their words was that Sydney has now stopped growing and they didn't think Melbourne was going to do much either and therefore they wanted to invest in Brisbane. Their property in Sydney has doubled and like a lot of other Sydney investors they're looking to do something with the equity.
    I thought this was an interesting story because this seems to be what a lot of people are doing moving on to Brisbane now that Sydney and Melbourne have had their run.
    The word must be getting out there...
     
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  8. samiam

    samiam Well-Known Member

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  9. See Change

    See Change Timing Lord Premium Member

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    That's what happened last cycle . I had several patients in Mt Druitt who cashed in and bought up in Logan because it's " much nicer "

    Boom in Sydney has gone on longer than people have expected , so I think that's part of the reason why Brisbane has been slower than expected .

    The more people who think Sydney has stopped , the more will buy in Brisbane .

    Cliff
     
    Last edited: 7th Jan, 2017
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  10. EN710

    EN710 Well-Known Member Premium Member

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  11. HUGH72

    HUGH72 Well-Known Member

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    And just have enough for a 1960s 3x1 house with single carport on 600m2?:p
     
  12. EN710

    EN710 Well-Known Member Premium Member

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    But it will be in Sydney! :p but well I do hope they hype Brisbane property price a bit
     
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  13. HUGH72

    HUGH72 Well-Known Member

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    That makes it so much better.:p
     
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  14. samiam

    samiam Well-Known Member

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  15. Angel

    Angel Well-Known Member

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  16. Whitecat

    Whitecat Well-Known Member

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    100% clearance rate this weekend. Im excited about the next couple of weekends ramping up heading into Feb as people get back in.
     
  17. Whitecat

    Whitecat Well-Known Member

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    [​IMG]
    • 33 Park Road, Milton, Brisbane. Photographer: David Millar
      by Matthew Cranston

      AMP Capital is backing a resurgence in Brisbane's office property market with the purchase of a suburban office building in Milton for about $48 million.

      AMP Capital Head of Real Estate Funds Management Chris Judd said AMP was "pleased" to acquire 33 Park Road in Brisbane on behalf of its retail investors.

      "The asset will increase our office weighting for one of our diversified funds as we look to selectively bolster and diversify our property exposure across Australia," Mr Judd said, "as we aim to continue to provide excellent performance for our retail clients."

      The property was owned by a small syndicate of rural investors with the deal negotiated through CBRE's Peter Court and Mike Walsh and JLL's Seb Turnbull and Luke Billiau.


      "Tight stock levels for quality and securely leased properties, in addition to the historically low cost of capital, will continue to fuel further yield compression in the office sector as evidenced by the 33 Park Road result," Mr Walsh said.


      The office building is 95.8 per cent leased with a 4.7-year weighted average lease expiry. About 87 per cent of the asset has been leased over the past two years, which is a strong result given the broader near-city market registered a slight increase in vacancy over the corresponding period.

      The 7410 square metre building, which sits on a 4310 sq m site and was sold with a small block of land that can be developed for apartments, is leased by ConocoPhillips, Nautilus Mineral Pacific, Best Practice Australia and the Commonwealth Bank of Australia.

      "Owners who have repositioned their buildings and make the decision to crystallise profits via a well-executed divestment strategy will continue to be rewarded by the imbalance in the availability of well-leased assets and unabated demand from the capital markets – both domestically and from offshore" CBRE's Peter Court said.

      JLL's Seb Turnbull said that despite lower transaction volumes, 2016 saw sustained, strong investor interest in Brisbane's near city market


      "Investor sentiment is widely positive, with the leasing market being considered at the cyclical bottom," Mr Turnbull said, "Given Brisbane is a smaller market, improvement can occur extremely quickly, especially with key city shaping projects such as the Queen Wharf Project now under construction. This is something that the domestic groups are particularly aware of and is a key driver of their increased appetite to buy in Brisbane, and we expect this to continue in 2017."

      His colleague Luke Billiau said AMP's acquisition demonstrated the appeal of the near-city market to major domestic investors. "We expect increased interest for institutional-grade investments from these groups over 2017, with many now underweight to Brisbane," Mr Billiau said.
     
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  18. Whitecat

    Whitecat Well-Known Member

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    "Investor sentiment is widely positive, with the leasing market being considered at the cyclical bottom," Mr Turnbull said, "Given Brisbane is a smaller market, improvement can occur extremely quickly, especially with key city shaping projects such as the Queen Wharf Project now under construction. This is something that the domestic groups are particularly aware of and is a key driver of their increased appetite to buy in Brisbane, and we expect this to continue in 2017."
     
  19. samiam

    samiam Well-Known Member

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    So are NSW, VIC and WA- all 100% I think only desperate sellers would go for auction at this time of the year..
     
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  20. Big Will

    Big Will Well-Known Member

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    Thing is the council areas are very different.

    Brisbane City Council area is 1,367km2 and if you include all surrounding councils (logan, Redlands, moreton & Ipswich) you would have over 6,100km2.

    To give it some perspective that would be
    upload_2017-1-13_11-19-36.png

    But if you were to use what is currently 'developed'

    upload_2017-1-13_11-55-27.png

    I wouldn't call Gold Coast Brisbane though...

    Which is this very similar too;

    upload_2017-1-13_11-53-36.png

    However I would hardly call some of the areas I selected around Richmond as developed..

    upload_2017-1-13_11-56-44.png

    Biggest difference is Sydney Population is over 4M where as Brisbane is about 2M.
     

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