QLD Brisbane Property Q2 2018

Discussion in 'Where to Buy' started by sash, 2nd Apr, 2018.

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  1. sash

    sash Well-Known Member

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    {Note - thread continued from here: QLD - Brisbane Property Q1 2018}


    For those who are sayin' Brissie ain't growin'....have a look...not many under 300k now....even D'bay is mid 3s...lets 'ave this convo in 2020......I reckon no many under 400k by then....places like Redlcliffe and Strathpine and surrounds will have a 5 in front. Most of the cheaper suburbs are where the wicked witch of Ipswich lives. :D

    The Brisbane property market is not as unaffordable as many may think. We reveal the 75 cheapest suburbs - realestate.com.au
     
    Last edited by a moderator: 13th May, 2018
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  2. trp35

    trp35 Well-Known Member

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    And of all those suburbs the 5 closest to the CBD are:
    1. Inala - $362,500
    2. Ellen Grove - $291,000
    3. Gailes - $250,000
    3. Woodridge - $310,000
    5. Logan Central - $320,000

    Pretty happy with my purchase in Gailes :)
    Ellen Grove is also looking good
     
  3. sash

    sash Well-Known Member

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    All those suburbs are lower socio....they have moved but as not as much as the better suburbs.

    For example someone who bought in Petrie, Strathpine, and Braybrook would over 100-120k ahead in 2 years. Whereas in the above suburbs they are up about 50k.
     
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  4. JDP1

    JDP1 Well-Known Member

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    Brisbane is growing.. But its not growing fast. Most buyers do not want to invest in mining towns. Most people want to park their money in cities and that means exclusively Sydney and Melbourne.
     
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  5. sash

    sash Well-Known Member

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    Lets see.....looks like Sydney and Melbourne are now running out of steam whereas Brisbane has gained steam...interesting...
     
  6. David Shih

    David Shih Mortgage Broker Business Member

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    Yep, and Kallangur used to be around $300K about 12 months ago - now most stocks are around $350K. Strathpine are mostly over $400K now. Brissie market is definitely the quiet achiever and people wouldn't notice unless they are monitoring these areas.
     
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  7. magyar

    magyar Well-Known Member

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  8. Angel

    Angel Well-Known Member

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  9. magyar

    magyar Well-Known Member

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    At the top actually. I don't see the revelance of it being in January? Three months in property timeline is nothing. Also said that in 12 months 87 of those households will be facing defaults.
    And that's at current low interest rates. Few little raises and those numbers I guess will he Significantly higher. Blows my mind that people borrow to max of their capacity not allowing for Any interest rises.
     
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  10. kierank

    kierank Well-Known Member

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    Or any other disaster that might come their way, whether it be little (eg car breaks down) or major (eg heath issue for themselves or an immediate family member).
     
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  11. willair

    willair Well-Known Member Premium Member

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  12. JDP1

    JDP1 Well-Known Member

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    There's more and more commercial built in Brisbane. The residential seems to have slowed and commercial is picking up.
    In my view, this is great for re prices as commercial attracts businesses and the jobs they bring with it...
    It's still in early stages, but will pick up steam later on the year.
    Buy now to maximise this resultant growth in re. This has happened in both Sydney eg Parramatta and also Mel.
    Won't be any different in Brisbane.
    E.g. New 40 Storey Commercial Tower Proposed for 360 Queen Street
     
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  13. Tom Rivera

    Tom Rivera Property Manager Business Member

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    Gailes has really surprised me in the last couple of years! Since Springfield butted up to the back of it, suddenly Gailes is a desirable area. I manage a very average property in Gailes where we've seen market rent increase by about $40wk in less than two years....! It's caused problems because the tenants can't afford that much of an increase.
     
  14. evalord

    evalord Well-Known Member

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    Has anyone built on a steep slope (10m change in elevation front to back sloping up) in Brisbane lately? $1.6m for knock down & rebuild on 405m2 block in Paddington sounds a bit suss?

    The previous owner told me he went to 5 builders with council approved plans for a 300m2 2.5 storey build. Came back around $1.6m ballpark. No pool, site access was a bit tight. This was 2014 price.
     
  15. Sackie

    Sackie Well-Known Member

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    Way too expensive. For relatively good specs should be around 6-700k. Even if you escalate costs for additional site works/engineering, it should never be 1.6m. Just need a good arcitect/engineer to work out the most cost effective building envelope to suit the slopage. I've done some on 8m sloping land with no major dramas and costs were no where near 1.6m.
     
    Last edited: 6th Apr, 2018
  16. rookie101

    rookie101 Well-Known Member

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    We bought in bray park for 337k 24 months ago, just valued at 395k with nothing renovated/no improvements to the property
     
  17. TreeChange@50

    TreeChange@50 Well-Known Member

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    We got some ballparks on a site we didn't end up buying, similar slope inner Bris location, were in the order of mid 5s to mid 6s.
     
  18. EricIP

    EricIP Well-Known Member

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  19. TreeChange@50

    TreeChange@50 Well-Known Member

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  20. TreeChange@50

    TreeChange@50 Well-Known Member

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    Snap.
     
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