QLD Brisbane/QLD Overhype

Adelaide too please. Or... is it genuinely in the right part of the cycle..

 

Funny but I have found that general 'herd' sentiment on both SS and PC completely on the opposite sides of where the opportunities actually exist.

Examples:

• Sydney bashing and almost near certain predictions of a magnificent bust if not total collapse and those who bought those theories completely missed out on a once in a lifetime surge that has turned half of Sydneysiders into millionaires.
• Gold Coast and Brisbane hype at the cost of missing out on Syd/Melb which are still strong
• Predictions of Sydney Northwest bust - people since have achieved 200% capital gains in last 6 years.

Almost makes sense to just go opposite to mainstream advice on internet forums

 

Cheers to Glass half fulls!

 

2 points or questions:
1. Hype does not necessarily mean its wrong or wrong advice in terms of growth. Thats is for any market anyehere.
2. spcifically regarding brisbame, Is there anyone who has bought in brisbane in the last 2-3 years and regretted it? If so, please share.

 

Every single one of them should regret. The opportunity cost of investing in Brisbane is missing out on Sydney/Melbourne.

 

@standtall Yeah I think people (myself included) will always lean towards their own bias even without realising it sometimes...to stay completely objective and analyse all major markets across Australia is really difficult I think. And even when another market might be better posied for growth, an investor might, for a myriad of reasons, feel more comfortable in their own market...and sometimes that can actually mitigate some risk, compared to investing in a market they know nothing about.

I have always tried to stay as objective as I can and look at all the major markets to see the general direction, then specific markets in that state... then choose opportunities that i think I myself, can do well in....

But I agree staying onjective is really a challenge I think we all face if we're being honest with ourselves.

 

Honestly no. I have made on my props 25-30% equity. And when some of those developments are complete that number will be much higher.

To be fair, its not all market movement. Its partly buying well because lack of intense interest at the time. Then adding value will greatly boost those returns over then next 12-24 months. So even if there is zero growth in the BNE market over the next 2 years it will be OK with me.

 

I don't think it's all hype. There definitely is some momentum becoming evident according to RP Data stats from April (see slides below and HTW prop April clock):

 

spot on
also excluded Perth, it started booming around the same time as Sydney, however it was a shorter boom cycle.

The thing is many investors buy at a lower entry level because this is what they can afford, hence Brissy and Adelaide, this is the major attraction IMO. There was massive amount of media reports on the boom in Syd and Melb at the time

Many also follow forum members similar to those who follow gurus, if you are going to do this make sure you get this one right

MTR

 

I think you are missing the point.

 

Everyone should stop posting as this "chit chat "is likely to be seen as "hype"!

 

Every. Single. One! .....

So everyone that's bought in bris has got it wrong. Is that what you're saying? ?

 

no BS here
There is always the Adelaide threads if you are after hype, there are 3 threads on this

 

Yeah I have been looking at it closely and will be making some big decisions in a few months time. Thanks for the files @Taku Ekanayake

 

Gloves are off!







Ooonly playing

 

being honest is important and learning from our mistakes is what we should be doing as investors..well said

 

There were very few reasons as to why Sydney boomed in 2013 and not 2010.

This stuff ain't "oh I see that x & y are happening in location z quick jump on the next 15 properties you see!!!" Booms often come out of seemingly nowhere.

The commonish belief has been that Bris follows Syd & Melb hence the hype! Is it right, don't know we'll know in 4 years time

 

Aren't you hyping a mining town?? - perth. That's a big no no

 

that's the point, Brisbane hype, no boom.

I disagree the boom in Syd, Melb and Perth started around 2013, there was plenty of evidence these markets were rising and media coverage

 

absolutely buy in Moranbah...lol. they are going cheap