QLD Brisbane Property Q2 2018

@willair great stuff mate, dont see how you can go wrong with that price and location, especially long term. Glad to see others also finding opportunities around. Some other posts of late seem quite glass all empty attitude.

 

The $20k-a-year reason Sunnybank's Asian residents are moving to the inner west

Interesting article. I guess that makes sense

 

Awesome thanks for that article , great news for me, all my properties are in inner west and indro school catchment

 

43 Lutzow Street, Tarragindi, Qld 4121 - Property Details

I see values rising. Older house, good area. Breaking the 800k mark. Prices are climbing for average stock (in GOOD OO areas). You even get a purple and white checkered bathroom thrown in. Me happy.

 

That bathroom is a classic . That does seem like s good result !

 

Handy to play checkers whilst in the bath

 

Interesting article about Ipswich, the next parramatta?

THINK BIG - Matusik Property Insights

 

Singapore sovereign backs $108m Brisbane property

 

I would think Logan would be more of parra 15 yrs ago
(I don't own any in Logan though)

 

I think Logan will be more of Liverpool or Campbeltown. It’s closer to Campbeltown and Macquarie fields in the sense of demographic (15 years ago).

 

Whats your view on Liverpool at moment.

At least 25 cranes.

Im getting worried about too much supply

I wander if it will bring better wealthier people to thr area

 

I can think of a number of better games to play whilst in the bath .

 

I doubt more cranes in the sky means wealthier people in Liverpool. There are many cranes in Sydney and North Sydney and Parra. All are much closer to employment hubs and much more desirable than Liverpool and Campbeltown.
In a hypothetical example:
If you are wealthy you are likely to first look in Sydney, then head north, then head south, then head to Parra. Then if you can find anything, which likely means you are not wealthy at all, you will head further west.

 

Talking to a well known agent the other day, considers 607 sqm lots within the 10km ring, with an older house ripe for redevelopment is where it's at. Can see plenty examples of these homes within price ranges that would make Sydneysider's cry when looking at the value. In fact, I just see that there's lots of value in Brisbane LGA for great properties - it's really a matter of time when everybody else catches on, especially with the current lending environment.

 

Good intel . When you say ripe for redevelopment you mean something other than res a ? Ie. able to have units or townhouses or split into 2?

 

oh boy.....afriad to ask...

 

100% agree. One of the best aspects of this game is most ppl catch on too slow which leaves plenty of room for the savvy investors to mop up some fantastic deals before the herd pile on.

 

There's kind of three opportunities that are possible:
1) Knock-down and re-build. As some of those areas increase in value, becoming more gentrified, or owner-occupiers looking for a nicer home, there is an opportunity to buy the existing property, knock down the existing home and build a new house on it. The 607 sqm lots offer a bigger size than the 405 sqm lots, and the resultant houses don't need to have the 'shoe-box' look of the narrow lot homes. What seems to be happening is that in suburbs where splitters/subdivisions are occurring and building the new narrow-lot home on the 405sqm lot, a whole street or suburb starts to change, and then the knock-down / rebuild on 607sqm lots becomes viable.
2) LMR sites. A number of 607sqm lots maybe LMR sites, these are gems.
3) 200 metres within a Zone Centre. 607 sqm lots that qualify for the "200 metres within a Zone Centre of 2000 sqm" town planning requirements, maybe suitable for subdivision into 2 x 300 sqm lots.

 

Fantastic , very informative answer thanks a lot mate. I bought an old house on 630sqm at Taringa that I will look to knock down and rebuild in a few years . Res a zoning do will just be building one nice house.

 

Perhaps other Brisbanites can comment here, but what is the future of development in the Brisbane property market? Some views:
1) Any property that can be split or subdivided, will be split and subdivided. One observer has claimed there are possibly still around 10,000 810sqm lots available in the Brisbane LGA, many of those are occupied by pre-1946 Queenslanders and hence less accessible, but still many are occupied by post-1946 houses. This trend will continue.
2) LMR/HDR sites will continue to be developed.
3) Traditional Queenslanders will have their place and be desired by a sector of the market. They will be renovated and become "Hampton-ised".
4) Gradually the housing stock will change over to more modern homes, so in future the house mix becomes Queenslanders and modern homes (i.e. Post-war houses, 60s/70s/80s houses become less).
5) Overall density becomes greater.
6) Other possibilities:
- the BCC will allow granny flats/aux. dwellings to be built and occupied by non family members (will this happen?, currently not allowed).
- 607sqm lots in general are allowed to be subdivided into 2 x 300 sqm lots (currently only applies to those within 200 m of a Zone Centre of 2000 sqm).

What else?