QLD Brisbane Property 2016

{Note - this thread continued from here: QLD - Brisbane looks good}

 

@Bran what is the source for your graph?

 

3 houses in Brisi, 2 bought 2 years ago and the other bought a year ago. Let's hope Brisi produces some good gains ! Although I think it will only be modest growth.

 

North and south show me dem gainz

 

4 Brisbane places.

#1 last year grew by 100k or 15%+ cg (actually 200k but in all honesty It was a big bmv buy so only 100k in cg).

#2 increased by 70k or 13.4%

#3 increased by 60k or 11%.

#4 increased by 60k, or approx 10%.

All based on revaluations.

I'm predicting over the next 3 years to see eigher gradual growth or better than average growth, but if they want to follow Sydney's path, who am I to complain

 

There is an unwritten rule that sydney investors can only have one in brisbane so as to free up stock for the locals and not introduce unnecessary and unwarranted competition for the locals. Those that break this rule. ..well...look down your street...the grim reaper is on his way. .☺ happy ny yr..lol

 

Hey... if you want house prices to go up you need cashed up southerners to contribute their dollars into your country town!
So... all i'll say is buy up!!

 

Haha. ...common...we gotta provide some excitement for the Brissy locals at auction

Happy new year to you too!

 

Your Brissie places have done really well! Big Congrats!

 

Thanks Linda. I think I was lucky enough to buy into some suburbs that have done well approx 8km from the CBD, and I know friends who bought similar and realized similar gains.

Still sounds like you got the nab of the decade! Who is able to buy their ppor at the end of a just ended boom AND not only not overpay for usually what happens with emotional ppor buys, but also manages to get it at a steal! How dare you! !

 

That's is pretty good growth ! Where are you holding these ones at ?

 

Shadow posted it 8 years ago

 

They are all 7-10km south of Brisbane CBD. Houses, 3-4 bedrooms, each ranging from approx 550sqm to just under 1000sqm. I think many people who bought at that time similar stock at good prices would have realised similar gains.

 

Im gonna make a prediction- you will see brisbaneites be much more active in all forms of RE buying this year. Will give the southerners a run for their money. i suspect a lot of brisbaneites used 2015 to save for a deposit and will be ready in 2016.
This includes auctions. Will gain a bit more in popularity compared to last yr as more wealth, job security, and improvinh economic conditions generally will entice more bidding for these.
Its going to be more competitive this year than last yr...having said that there are still numerous good buys to be had all over the place...

 

Fine. Then the gloves will have to come off...

 

I have been trying to book in inspections in Ipswich over the last few days and every property worth looking at is either under contract or has multiple offers on it, not sure if anyone else has been seeing the same?

Also seems like a notable reduction in lower priced stock in redbank plains but still a lot for rent IMO

 

The ones I bought have had about 60k gain and other about 50k gain. You have done really well though ! Did you build or develop any of these ?

 

Mate your growth is a very similar gain to 3 of mine. The other one is just huge, nabbed it quick and it's going to be developed into 2 high end homes (subdivision started, it's in the development thread). But the growth youve had is great too!

 

My properties in Brisbane (Salisbury), starting price and my pretty accurate estimate of what I'd get now over the 2015 year:

1st Property: $600k to $650k (not a lot of growth on this one because it's currently a bit of a construction site). 8.3%/$50k gain

2nd property: $420 000 to $480 000 = 14.2%/ $60k gain

3rd property: $420 000 to $720 000 but I spent $130 000 on it so growth after expenditure = 30.9%/ $170 000 gain.

4th property: $600k to $650k = 8.3%/ 50k gain.

That's all my properties. So a gain of $330 000 for the year. Can't complain about that I guess.

 

Awesome result! Sitting on your ass making more than 4 times many people's yearly salary. Love it love it love it.