QLD Brisbane Market 2020

Discussion in 'Where to Buy' started by Alex123711, 22nd Jan, 2020.

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  1. DueDiligence

    DueDiligence Well-Known Member

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    I’m seeing this happening now and the FHLDS is about to go to 650 k
     
  2. MelindaJennison

    MelindaJennison Brisbane Buyer's Agent & QPIA Business Member

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    The interest from interstate buyers relocating to Brisbane as well as returning expats seems to be spiking in Brisbane. Affordability - yes. And lifestyle. Land sales have spiked off the back of government incentives, but the demand for middle ring homes is also HUGE!!! Brisbane is a very competitive market at the moment across many segments of the market!
     
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  3. boganfromlogan

    boganfromlogan Well-Known Member

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    Any actual price growth? In Brisbane?
     
  4. Gen-Y

    Gen-Y Well-Known Member

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    Are we there yet? Brisbane? :p
    This joke is getting long in the tooth. 2 years in the making since 2018. :rolleyes:
     
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  5. Gen-Y

    Gen-Y Well-Known Member

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    The first one at Clayfield.
    I was looking at that back in January when it list it.
    But bank was super tight and won't lend to me.
     
  6. Heinz57

    Heinz57 Well-Known Member

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    Yes that’s a good deal
     
  7. jaybean

    jaybean Well-Known Member

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    Just 2 years? Didn't the Brisbane hype thread begin in 2014?
     
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  8. Mulianto

    Mulianto ~~

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    Yes, it’s undervalued. I remember the same agency also sold sigfinicantly below valuation for another property few years back.

    36 Tait Street, Kelvin Grove, Qld 4059
    https://www.realestate.com.au/sold/property-unitblock-qld-kelvin+grove-124512618


    Resold 6 months later, without improvements.

    36 Tait Street, Kelvin Grove, Qld 4059
    https://www.realestate.com.au/sold/property-unitblock-qld-kelvin+grove-126619086

    the one bought the bargain couldn’t even wait for 1 year to get CG discount. That eager lol
     
    Last edited: 23rd Oct, 2020
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  9. Mulianto

    Mulianto ~~

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    They better move now lol... I have a few now in Brisbane.

    I’m confident cause it’s cheaper to buy than to rent. And it’s very affordable.
     
  10. jaybean

    jaybean Well-Known Member

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    I went on my buying spree in Brisbane 2014-2017 so...I'm done. Just been sitting here twiddling my thumbs for years now.
     
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  11. Gen-Y

    Gen-Y Well-Known Member

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    That is some sweet deal and profit.
    Good lordly.
     
  12. Mulianto

    Mulianto ~~

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    Just wait patiently, your Brisbane IPs will be the key to your Sydney PPOR hehehe...
     
  13. Gen-Y

    Gen-Y Well-Known Member

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    It did rise - then stall.
    It wasn't a sustainable growth in property price.
    Hence why I said it is the oldest joke going around by the Brisbane spruikers.
    Especially the Logan and Sunshine Coast spruikers. I am looking at yous. :p
     
  14. jaybean

    jaybean Well-Known Member

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    Yeah it was a rise, but I want a boom :)

    I had one property boom (double within 3 years) but that was one of those market within market situations so not really representative of Brisbane as a whole.
     
  15. Propin

    Propin Well-Known Member

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    I’m starting to wonder if Brisbane is 6-12 months behind Perth. I looked at sales listings 20k’s from the city yesterday and there is a lot on the market not under offer. Reports I’ve read are saying weekly rent is starting to increase.
     
  16. Gen-Y

    Gen-Y Well-Known Member

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    That is fantastic growth - double!
    Good pick - must be a jack pot.
    Have you keep track on that property since sold. How is it doing?
     
  17. jaybean

    jaybean Well-Known Member

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    It was a highly sought after pocket in the Asian community that also happened to be sub-dividable (I bought for the former, not the latter, so that was a nice bonus), went from 700k to about 1.35m, right now there haven't been any recent sales so impossible to really put a finger on it, but I'm hoping for even more upside. It's a long term hold that I hope will be rezoned for high rise eventually. Fingers crossed. I have another one down the road which I think will be rezoned eventually. I'm not relying on it but it would be nice. Growth there hasn't been nearly as good though, probably 10-15% in the last 5 years.
     
  18. Rich2011

    Rich2011 Well-Known Member

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    The owner was a PTY LTD so no CGT discount?
     
    Last edited: 23rd Oct, 2020
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  19. Mulianto

    Mulianto ~~

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    It is eligible if it is a corporate trustee
     
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  20. Gen-Y

    Gen-Y Well-Known Member

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    Most likely.