QLD Brisbane Property Q2 2018

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

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  1. Sackie

    Sackie Well-Known Member

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    Brisbane is a laaaarge place with many demographics. I put zero stock in any stats which lumps all markets and demographics together.

    Fact: Last 4 years, many of Brisbane's suburbs had minimal growth.
    Fact: Last 4 years, many other suburbs in Brisbane had 20-60% growth.
     
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  2. Gomez

    Gomez Member

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    I look at the data, say from RP/Core Logic and it shows Brisbane capital growth in 1-3% per annum for many years. Yet you talk to agents and they are all saying stuff like "this is up 30% this year" etc. And I agree that many of the closer, better quality suburbs are now in the million + mark, which is approaching Sydney average prices.

    I see auction data in the 30% range but then fly up and find property moving fast, often before auction and brisk sales.

    What is going on?
     
  3. Patrick Bateman

    Patrick Bateman Well-Known Member

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    Like Leo said a lot of it is suburb specific . However I do take some of their stats on suburbs saying 30% growth with a grain of salt. Could be influenced by a lot of new build / high end properties selling in the current year etc ...
     
  4. Sackie

    Sackie Well-Known Member

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    Stats applied to many markets are useless. You need to look at individual markets and then break down specific markets into stock types for further analysis. If it were as easy as reading a report to get a clear picture of where to invest etc, everyone would be doing it and doing well.

    Gotta learn how to do DD on individual markets . That's key to uncovering opportunities/ great deals before the masses are altered.
     
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  5. MissMel

    MissMel Well-Known Member

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    Ha- I like your romantic notions! When you say it like that- I’m in :)
     
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  6. sash

    sash Well-Known Member

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    I think...that part of Brisbane have moved...but 30%....well that this fairy floss.

    Some of the inner suburbs within 10 klms have moved at least 10%.....stuff in Moreton Bay is also moving well....but I would say growth is mostly on houses and in the 3-5% range.

    Better parts of Logan have also moved about 3-5%.....but the lower socio economic stuff is not moving.
     
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  7. Big Will

    Big Will Well-Known Member

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  8. wylie

    wylie Moderator Staff Member

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  9. Propin

    Propin Well-Known Member

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    Has the redevelopment started yet? A Look Into Sunnybank's Market Square Redevelopment
     
  10. Noobieboy

    Noobieboy Well-Known Member

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    Yes. The ad said that it’s all used as a multi unit shared accom.
     
  11. Patrick Bateman

    Patrick Bateman Well-Known Member

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    Yep not a desirable place to live in my opinion . No clue of the value , not an area I know anything about.
     
  12. Patrick Bateman

    Patrick Bateman Well-Known Member

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  13. Propin

    Propin Well-Known Member

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    Move to Perth, it’s full of sand
     
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  14. kierank

    kierank Well-Known Member

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  15. Big Will

    Big Will Well-Known Member

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    Is that your sky home you were talking about for your retirement?
     
  16. kierank

    kierank Well-Known Member

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    Nope, my retirement home ;)
     
  17. PandS

    PandS Well-Known Member

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  18. HUGH72

    HUGH72 Well-Known Member

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    No more than $4.5 million..;)
     
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  19. Simon L

    Simon L Well-Known Member

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    Not surprised. People in Brisbane don't want or need to live in a shoebox. There are no financial constraints (yet), no necessity and the lifestyle/climate is inherently different to Sydney and Melbourne where spending time outdoors in your own space is more valued. Many move to Brisbane specifically to get away from apartment living
     
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  20. kierank

    kierank Well-Known Member

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    I was thinking no more than $2.5M :D
     
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