QLD Brisbane Property 2017

In Currumbin/Tugun Heights.

 

I like it how its all very consist growth that's happened over nearly 4 years now.. There has also been growth in fhb surburbs, premium blue chip suburbs and everywhere in between

 

We'll have to start a thread soon of new suburbs that enter the $1m median group.. Looking forward to my beloved Grange entering soon!

 

I agree its been quite consistent growth, which I too like. I wonder if inner and middle ring suburbs have had more growth than say 15-30km suburbs over the last 4 years? I haven't ever checked but I would guess that to be the case?

 

If you factor in the roughly 30% drop in the AUD as well as 2%+ inflation over the past 3 years. That's about 36% that can be taken away from that 35% growth number.

So one could say in "real terms" Brisbane hasn't really moved at all

high possibility of economy getting hit by a Syd/Melb housing downturn + RBA having to drop rates further to stave off a recession, AUD could go down another 10%-20% maybe over next year or so. Which could further depress the relative value of property in here.

 

Well in July 2014 it was 93c, and now its 75c, so its a 19% AUD decline not 30%. And if you want to look at it that way then its only relevant to those who bought real estate when it was 93c, however from Jan 2016 the AUD actually kept growing until now .

Personally though I don't look at exchange rate. It fluctuates over time. I rather just look at the direct risks of a deal and make a decision off that. If I try to factor in every possible risk I don't think I would be buying anything ever...​

 

Its a well-kept suburb with nice character homes. It has the Clayfield potential with similar stock type but the difference is still some room to move with renovations.

 

Fully agree, and I strongly believe that normal Mom and Day investors should not look at exchange rate or bitcoin

Onces only include USD if you already invested overseas or playing with USD.
Otherwise, forget it, and ignore it to look maybe just as NZ vs AUD as it is nearer lol...

 

Just sayin if you are able to invest overseas it might be a better idea, like what MTR is doing. Or if you had caught the Sydney boom. Of course if you are just depending on the leverage you can get from local banks then one has no choice but to invest locally.

 

Nice house here In Paddington going up for auction.

Maybe just under 1m? Thoughts?

23 Central Avenue Paddington Qld 4064 - House for Sale #127029486 - realestate.com.au

 

Re international markets, We have real estate in China that has done very well, though mostly my wife's doing as she chose the areas and I just helped with the negotiations. I was interested in the USA markets but I know absolutely nothing about it and don't have the time to learn/make contacts so for me it would be very high risk. Kudos to @MTR for jumping in and making some good money,

 

Anyone have a good free site to run reports on year on year median growth? Realestate.com.au only seems to do 5 year growth figure rather than annual .

 

Grange is very nice I am surprised it is not there already !

 

I wouldn't take their numbers as gospel, but YIP have the YOY% growth in the back of their magazine. What I tend to do is first look at YIP, then a few different resources on line to see if they all more or less corroborate each other.

@Patrick Bateman have a play here also to check Its actually not too bad .

Suburb search - Property Prices & Suburb Profile - InvestSMART

 

Roma Street will happen. Both sides committed. And its tied now to CRR by the Labour Govt (who just got in again). Timing is the question. Its a big project.
Believe it or not potentially as significant as Queens Wharf because it opens up more useable, open public space connected to greenspace (the lovely Roma Street Parklands). Add the Barracks transfer as an historic arts centre to that and you have a monstrous new public-centred precinct. The ability to walk from Caxton Street precinct to King George Square without being near a single road/traffic light. That's a big public space.
Queens Wharf in contrast is more concrete and glass buildings-focussed and has very little open space that is not heavily commercialised. An improvement on existing and some wondrous features but isn't 'opening up' as much.

 

This is @Whitecat neck of the woods..
That rear sunroom is a real problem.. moisture will be coming through that rear retaining wall every torrential rainfall event. Check photo 25.
My guess would be $920k? I think the rear sloping back yard and rear sunroom would put a lot of people off. Will cost big $$$ to add value to that house.

 

Here is a picture of what Brisbane Live means.
The black line I drew shows the connected public areas.
Parks, historic precincts and plazas all connected. Its a very large area that will be for the most part quite open. Tourists will like it. They will flow through there from KGS all the way up to the new Barracks full of historic buildings to be cafes etc.
Combine that with the facelift on Caxton Street, Petrie Terrace to make them more like boulevards and many will even flow up Given Terrace for boutique shopping/cafes.
Its a very large area and important for Brisbane. As Southbank proves people love open, green public spaces in our subtropical climate.
Flowing back, the eventual Albert Street Greenspine will connect up to the Botanic Gardens. Unfortunately Council wasting huge money on widening roads near the CBD (Lytton and Kingsford Smith against traffic science and good planning - but perceived vote winning soundbite) so green spine on hold pending new CRR station in Albert Street.
Queens Wharf creates more amenity down on the North bank.
Just need the future Kurilpa/Pauls Milk precinct to be nice and green and embrace the river and we will start to have quite an 'outdoorsy' city with these new precincts. That has been proven in many cities to be the key factor - not tall buildings. Refer Sydney harbourside zones for example.
Then eventually there will be enough impetus to say bye bye to the Riverside Expressway.

 

I love the photos that realestate.com.au keeps of old 'for lease' ads. Taken by the PM. Usually not 'shopped.
Yes going to have dig back behind that retaining wall and do a proper barrier wall. This is a common problem in Paddington and surrounds, Houses built into slopes being essentially half underground. Usually they were undercrofts so it didn't matter if a bit of water ran under. However this was a stupid building move butting up against that besserblock wall. Probably painted a bit of waterproofing on thinking that would be enough then sheeted straight on.
Kitchen will come up nice with a spray with two pack white. Solid timber.
Moving towards an ashgrovian Queenslander style e.g. 1930s.
Best option might be to get rid of that rear sunroom, raise, excavate, extend. That's the common protocol. Put in really good waterproof retaining out the back and sides and plumb it properly.

 

Fantastic summary , thanks mate !

 

Not much activity on this thread, is there another brisbsne thread everyone is commenting on??