QLD Brisbane Property Q3 2018

Of course BCC is squeaky clean too..

 

I agree. Any thoughts if they'd slot this in among the existing lines and stations? It might mean using some of the reserved IRTC land at the gc end.

Is there another route inland between gc and bris?

 

Well the current mayor's already been referred to the cmc for selling public parklands to a political donor at half market price

 

Budding developers in Brissy what say you about these results. Seems like new lending has taken some heat out of the market for splitter blocks.

11 Carlton St Highgate Hill Qld 4101 11 Carlton St Highgate Hill Qld 4101 - House for Sale #128739946 - realestate.com.au

Sold at auction $1,075,000 cracking buy imo

40 Barker Street East Brisbane Qld 4169 40 Barker Street East Brisbane Qld 4169 - Unitblock for Sale #128606302 - realestate.com.au

Sold at auction $1,135,000 another cracking buy imo

 

Yes that Highgate hill one was a steal Basically got a splitter block for the median price

 

Not sure that price is correct for Highgate hill purchase. Domain says $1.575m

Brisbane Real Estate Auction Results

 

that seems more realistic.

 

I played around with some data that I found see attachment. I got it from here :
What we can learn from Australia's median house prices from 1970-2016
some of you will be familiar with this particular data set and I think someone has done a full graph of it. I picked a few figures periodically just to get a bit of a sense of historically what was happening. however I did not cherry-pick these figures I really just couldn't be bothered trying to type them all in. . What is interesting is that Brisbane sits at about 60% of the Sydney price over the long run (or at least since 1970). It currently sits at about 48% so this is very consistent with what @sashhas been saying about Brisbane and Sydney typical cycles that we should see the gap close. By the looks of things from what I'm reading that will come through Sydney dropping rather than Brisbane rising very much at least in the next few years as qld economy isn't going to be booming anytime soon. although getting better jobs are still tough It's interesting what a wave the graph creates when I plotted the Brisbane price as a percentage of Sydney Quite a nice wave.
Anyway someone may want to block the whole data set or linked to where it was that that was done. I added in the latest prices as of this week because the data set only goes up to 2016 it's interesting the article tells people to buy buy. That would have been a bad time

 

Brisbane booms are resource driven. Interesting article to see when Brisbane rises in a big way relative to other places.
That was no property boom, these were property booms - SmartCompany
Brisbane has a lot going for it in terms of infrastructure but the real gains are probably still going to be driven by mining (same with Rocky, Mackay, Tville, Cairns).
What is happening with QLD mines? That should be an important focus for those invested in Brisbane.

 

Yes 1.575 was correct price. Pretty good buying. Bear in mind it was prob more suitable as a medium term unit site rather than a splitter as next door is unit blocks

Was less than ideal as the alignment of the lots was such that only the RHS home would get city views

Also Highgate Hill has very narrow and steep streets which can impact its desirability vs east bris or west end

Having said that post war splitters so hard to find in inner bris so the buyer is fairly happy I am certain!

 

Brisbane land hits record demand

 

Hey @Leo2413 i went to the auction of this one today , passed in at $1.35m. Apparently the owners reckon they can get $1.6million (no chance of that). Might sell for $1.4m we will see.

 

Any on the ground observations from Corinda/Oxley and Mitchelton areas please?

 

Passed in at 1.35?? He's either insane or waay over capitalised on the build. Waiting for 1.6m?? hehe

I guess the 'will be SOLD' bluff was called too.

 

Hahhahah it actually looks really nice in person (better than the photos), they MIGHT stretch someone to $1.4m but I’ll eat my hat if they get $1.6m. It was an owner builder apparently ...

 

What are you looking for?

 

If he gets 1.6m...ill personally ship you your favorite bottle of wine

 

I have houses there so just wanting an idea of how the market is tracking

 

Doing some analysis and I feel that Brisbane is where Sydney was at in 2013-2014....or Melbourne in 2015-216.

Over the next 3 years...this growth is going to increase as part of the normal cycle. By 2021-2022...that market would have moved significantly.

Lots of people are skeptical about Brissie the but the cycle is heading there.

I plan to exit out of 3-4 of my Brissie properties then. I own 7 there and they were bought over the years for about 1.9m....I am planning for most of these to double...I expect have $2m in equity by 2022. The current value if around $2.5m. So plan to get about $1.5m in equity by then.

 

Love it mate, hope you are right! Bring it on hell I’d be happy with 30% over the next 5 years