QLD Brisbane on the ground

Sure, I've noticed a fair bit of prices moving upwards around the inner north. Rents on the other hand appear to be stagnant at best and demand levels seem to be dropping. Think it's the last few folk late to the party overpaying...

 

Awful. I have never, in my 50+ years, heard of ANYONE saying "O I would love to move to Acacia Ridge."

I know of an investor who bought a dirt cheapie to renovate and onsell. It was not a flood property. They made a killing. That was in a different cycle though, immediately after the flood in 2011.

 

Actually get in there four years ago.

 

When comparing suburbs, you also have to realise that in Wilston you have the beautiful people with their beautiful homes, but at The Grange we seem to have more of what were originally "normal homes" and fewer already renovated homes. Of course this will affect the mean or average prices.

At Kedron, Wavell and Kalinga you will have far more large and already renovated character homes than in boring housing commission Stafford. Stafford is also off the main road and off the main bus route. Just because they are side by side, you are comparing two different demographics (privately settled vs public housing) when their properties were originally built. For the past ten years or so, the IP magazines have been calling Stafford a Hotspot compared to its neighbouring suburbs. The reality on the ground is that they are significantly different places.

 

I think we were comparing the inner, middle and outer without taking too much consideration of the home and people. It appears people's perception is that pick any inner city suburb, it would beat any outer suburb for capital growth for any 5, 10, 15 year window. I am disagreeing.

 

Thank you!
It's like comparing the HC side of Bracken Ridge to the family-friendly side. (Even if HC side isnt so bad)

Or like comparing 1960s HC Carina with the family-friendly McMansions of 1980s Carindale.

 

It's like taking a suburb where the typical house is 250m2 and comparing it with a nearby suburb where the typical house is 125m2.

 

I think you missed the boat there Mo. There are some good pockets up on the ridge and about 4 years ago there were good splitters with fabulous views - but your Algester investment was better.

 

I think 20

 

Curious, why are prices for areas surrounding Brisbane so depressed compared to even Sydney 2012 pre boom? Aside from good infrastructure and good lifestyle, what is holding Brisbane back from having the same price run as Sydney/Melbourne did over the last few years?

 

There are a number of threads on why it has not boomed, do a search

 

Exactly. The fundamentals are good. Some issues with employment. Massive infrastructure commenced or coming. I don't think bne will be at this relative price for too many years.

 

Correct me if I'm wrong but didn't the average home in Sydney not have much growth for 10 years until a few years ago? I think Brisbane will be the same and I don't think it will be too far off prices moving up for undervalued property.

 

Yes syd had a long flat period.

 

Could happen same as last time.. Sydney -2% pa over the next 3 years, so if you include 2016-2017, total 5yr growth around 25%? Meanwhile Brisbane continues at a steady 3-4% pa with maybe a good 5% year. So that gives BNE 17% total 5 year growth. Still a fair bit behind Sydney, but not terrible...

All just theoreticals..People tend to forget the big slow when they have some good years, but it can average out a bit. I guess that is why timing is everything!

 

I agree with you! Brisbane is steadily growing up year by year. It is slow pace growth and it is moving.

 

We are seeing some instances of record sales. First $1m plus house in Cannon Hill on 405m2 block of land, first $1m plus house in Seven Hills on 300m2 block of land - both quality new builds but people are happy to pay for them

 

We are seeing some instances of record sales. First $1m plus house in Cannon Hill on 405m2 block of land, first $1m plus house in Seven Hills on 300m2 block of land - both quality new builds but people are happy to pay for them

 

And particularly the inner suburbs are strong. Sydney prices.