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Brisbane/QLD Overhype

Discussion in 'General Property Chat' started by standtall, 22nd May, 2016.

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  1. standtall

    standtall Well-Known Member

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    Just curious ..

    Brisbane seems to be overhyped on these forums. Yes, you can still buy sub $400 houses and get 5%+ returns but the same is true for everywhere else other than Sydney.

    Why so much spruiking around Brisbane or Gold Coast?

    What are the fundamentals? Immigration, new jobs, universities, infrastructure? I find even Western Sydney million miles ahead of Brisbane in general economic fundamentals.

    What am I missing?
     
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  2. wylie

    wylie Moderator Staff Member

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    I think it is because Sydney and Melbourne have risen so much whilst Brisbane has been flatlining for many years. It is time for it to play a little catch up. That's my uneducated opinion.
     
  3. HUGH72

    HUGH72 Well-Known Member

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    Nothing, its being hyped in one period of time.

    In 2 years time we most likely will be talking up Perth.
    Yesterday's dog is tomorrow's out performer.
     
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  4. ellejay

    ellejay Well-Known Member

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    The hype is good, it detracts attention away from the many other places getting the same/better growth. Less competition for me, long live Brisbane hype :)
     
  5. Leo2413

    Leo2413 Well-Known Member Premium Member

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    imo if you bought well in Brisbane 2 years ago you could have seen returns 25-30%+ now. That boat has passed and now you gotta be really picky where and what you buy and look at growth with a medium term perspective unless your actively adding value to you purchase.

    my 2 cents.
     
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  6. MTR

    MTR Well-Known Member Premium Member

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    because past history - Sydney, Melbourne boomed and Brisbane followed, however this has not occurred. Many Syd investors jumped straight into Brissy market thinking history would repeat, however not the case.

    Talking up is pretty common, just put 2 and 2 together, pretty easy to work out why areas get talked up, nothing wrong with this but if you follow the herd you may end up waiting a few more years for growth?
     
    Last edited: 22nd May, 2016
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  7. ellejay

    ellejay Well-Known Member

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    Also, there are markets within markets. I suspect parts of Melbourne may well outperform parts of Brisbane.
     
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  8. MTR

    MTR Well-Known Member Premium Member

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    If only it was 6 months of talking up......but it's been a few years same as Adelaide, I think 3 separate threads on this one

    In the meantime Melb was booming and the herd missed the boat... sacre bleu

    Leo, buying well is not a boom cycle, but good luck to those who made good choice and have made money in Brissy market.
     
    Last edited: 22nd May, 2016
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  9. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Buy in Redlands.. nobody's hyping it and it's just on its merry way performing on the quiet ;)
     
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  10. MTR

    MTR Well-Known Member Premium Member

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    Melb has experienced a boom market at least that is what the clearance rates point to, coming close to peak though
     
  11. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    I haven't a clue!
     
  12. ellejay

    ellejay Well-Known Member

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    I agree but I still think that you could do just as well/better buying in Melbourne over Brisbane. It depends on the purchase though and I don't have a crystal ball, so who knows. Just saying that you can make money anytime, and in unlikely places. I've made as much gain in regional NZ this year as people are making in Brisbane for example.
     
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  13. Leo2413

    Leo2413 Well-Known Member Premium Member

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    I agree, however a house 10km from the Brisbane cbd with good land component bought 2 years ago definitely has seen some worthwhile gains. No boom growth but really decent gains. Then if bought really well the results would be even better . It's much harder to buy 'well' now in imo in the 10km zone, than 2 years ago. Also don't believe the stats. In many areas the stats don't accurately reflect the real growth that has happened imo.
     
  14. MTR

    MTR Well-Known Member Premium Member

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    Was SS this bad? I don't recall so much hype on areas as we see on PC, what's going on ??
     
    Last edited: 22nd May, 2016
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  15. standtall

    standtall Well-Known Member

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    Good point.

    However, Sydney and Melbourne are growing beyond a typical property cycle. Their prices have been driven up by net increases in foreign skilled migration + international investors who invest in direct proportion to brand image of a city hence Sydney attracting more investment than Melbourne.

    Sydney peaked last year as far as the cycle is concerned and now it's being carried forward by other two factors i.e. migration + overseas investor. Brisbane is seeing no population increases nor it will attract as much foreign investor as Sydney or Melbourne. I think Brisbane has also peaked now and with unit oversupply on the cards, it will follow Perth model fairly soon.
     
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  16. norwoodman

    norwoodman Well-Known Member

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    A little birdy told me that the yields out in Longreach were really good...
     
  17. MTR

    MTR Well-Known Member Premium Member

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    Yes I guess you have a good point

    But this thread is about why all the hype? when very little action, and I must admit my thoughts exactly.
     
  18. MTR

    MTR Well-Known Member Premium Member

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    not so, have witnessed 6 property boom cycles and have seem similar/significant gains, some cases doubling in value certain pockets

    Melbourne number 1 for immigration
     
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  19. bob shovel

    bob shovel Well-Known Member

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    ..

    They've had some rain lately! It's now peaked :(
     
  20. MTR

    MTR Well-Known Member Premium Member

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    I reckon you should buy..lol
     
  21. ellejay

    ellejay Well-Known Member

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    Maybe some people feeling more confident and rebranding themselves since SS as gurus? Not great if you haven't been investing long enough to see a cycle through.
     
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