QLD Brisbane Property Q2 2018

Maybe a sign of things to come in the OTP over supplied unit markets.

Not for inner to middle ring, OOer housing, imo.

So often people look at what's happening in 1 market and jump to conclusions (not saying you are) that its the entire state or all markets/stock types that will be affected. Not the case imo.

 

A shoebox!!! It is even smaller than a shoebox!!!!

It was 79sqm - my backyard dunny is bigger than that

 

Must be some sizey, bootylicious thing ya got there...;p

 

Greedy, but possibly closer to the mark. Sum of individual parts don't equal likely sale price.

 

Surely the land value alone is worth $600 per m2.
That is without potential of redevelopment.
Edit: Checked the land valuation - it stands at $693 per m2.
It would be worth more than $3.4+ for the lot size.

 

I am Just posting an article I am not saying anything, someone else written it
but yes hard to make conclusion on the market from one article

 

Stage 1 well under way.
Already up to 3-4 stories high. Hard to tell exactly as it is behind existing street-fronting shops, in the middle where it used to be car parking.
Marg

 

Would check carefully for flood overlays at that bottom end of Musgrave Road.
Marg

 

I would of thought around 2.5M as well.

I bought a large block in Coopers Plains about 12 months ago and paid $419.77 p/m2 and included a newly renovated house with solar panels and all and not flood prone - not as large as this package but is about 1/3 the land size.

So that would equate to ~3M which these houses are not in the same finish as our one.

Further most of the houses are on the flood map and there and has that annoying neighbour who isn't selling.



Like I suspected it would be hard to price as it really is up to everyones way or working out what value they value it at. Even on this forum there is a difference of 1M in value already.

 

I am trying to do a NB and get it under market value .

 

Make sure you drop at least 26 'F' bombs with the agents. Oh, and don't forget to tell them if they don't give you a great deal, they'll get it from the back end too.

 

It's value kind of depends what it's being purchased for, for land value only or to keep the existing houses, and there is a lot of them.

 

Already written into my submission .

 

Each value is up to their own way and like I said previously it likely would be a hard one to price easily.

There is 5 dwellings over 9 titles on nearly 5,000m2 so plenty ways to skin the cat.

To me I am not interested in it - for the right price I would but that price is a long way from where the vendors would likely be wanting.

 

Curiosity got me - Has it been down before? Purchase for less than the land valuation in a rising market?

 

The markets rising?

 

According to my land tax bill - Yes it is rising when you consider it has increased alot.

 

Have anybody here got emails from RE - that houses near you are selling at record price after 30 group went through and whether you are interested in helping the 29 groups who missed out?!! It's unbelievable in Brisbane... probably marketing strategy??

 

Yes it's just marketing.

 

I don't think it's marketing ,we have been getting several letters from r/e saying the same item over the past few weeks,prior to that there were no letters for over 8 months,so maybe just a ploy to obtain listings or there is more first homebuyer then investors ,but this in the 5klms radius from the CBD ,would be quite different once you step outside the BCC footprint..