QLD Brisbane/QLD Overhype

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

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  1. markson

    markson Well-Known Member

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    It is and it could stop at any minute. But every week I check SQM figures and it just keeps on moving up and properties are selling.

    Where the ceiling is I don't know.

    But if something BMV was to pop up I would be happy to jump on it. Low vacancy rate still. Infrastructure in the area still growing.

    I would be happy with another 10% over the next 12 months
     
    markson, 22nd May, 2016
    #101
  2. ellejay

    ellejay Well-Known Member

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    I bought early last year in Illawarra. Had nice gains and managed to buy close to lake and beach, no spare land nearby. Very little, if àny mention of this area. Tight rentals, I've had zero vacancy and still have option to add value.
     
    ellejay, 22nd May, 2016
    #102
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  3. bob shovel

    bob shovel Well-Known Member

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    Nowra follows a couple of years behind syd
     
    bob shovel, 22nd May, 2016
    #103
  4. Gockie

    Gockie Life is good ☺️ Premium Member

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    Very nice! The Sydney boom had to reach the Illawarra and Central Coast... Sydney just got so expensive....
    I think Central Coast may end up acting as outer Sydney Suburbs!
     
    Gockie, 22nd May, 2016
    #104
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  5. JDP1

    JDP1 Well-Known Member

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    How so? Can you give an example to illustrate your point ?
     
    JDP1, 22nd May, 2016
    #105
  6. bob shovel

    bob shovel Well-Known Member

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    This is the Nowra thread now, that brissy talk wasnt worth the paper it was written on
     
    bob shovel, 22nd May, 2016
    #105
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  7. markson

    markson Well-Known Member

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    Haha
     
    markson, 22nd May, 2016
    #106
  8. MTR

    MTR Well-Known Member

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    shame they are not listening
    inexperienced
    young
    no knowledge of how cycles work and never experienced this
    suckered into hype
    impressed by bs
    no idea what bs is because don't have the tools

    learn from mistakes...I guess
     
    MTR, 22nd May, 2016
    #107
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  9. standtall

    standtall Well-Known Member

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    Sure .. On average $100 invested in Sydney 3 yeas ago is around $130 today while the same $100 invested in Brisbane is a lot less.
     
    standtall, 22nd May, 2016
    #108
  10. standtall

    standtall Well-Known Member

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    I must admit I was on Realesate.com for last hour or so going through Nowra listings :)
     
    standtall, 22nd May, 2016
    #109
  11. standtall

    standtall Well-Known Member

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    Which area specifically?
     
    standtall, 22nd May, 2016
    #110
  12. bob shovel

    bob shovel Well-Known Member

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    Do you own a calculator? May be a worthwhile investment
     
    bob shovel, 22nd May, 2016
    #111
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  13. standtall

    standtall Well-Known Member

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    Keep editing .. Still not interesting enough to warrant a reply ;)
     
    standtall, 23rd May, 2016
    #112
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  14. bob shovel

    bob shovel Well-Known Member

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    A quote will do me then.
     
    bob shovel, 23rd May, 2016
    #113
  15. ZachAnsel

    ZachAnsel Well-Known Member

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    Personally I don't feel its overhype, but market within market. However in my workplace I notice that people who invest in Brisbane expect the same return like Syd/Melb. Most of them purchased last year using equity from Sydney.

    My 3BR house at Bracken Ridge been performing well since 2013. Dec 2015 valuation showing $425k (its reminder for me to get newer valuation), always rented since day one. So in 3 years, grow 42%
     
    ZachAnsel, 23rd May, 2016
    #114
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  16. Sackie

    Sackie Well-Known Member

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    Very nice result :)
     
    Sackie, 23rd May, 2016
    #115
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  17. norwoodman

    norwoodman Well-Known Member

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    Purchase price?
     
    norwoodman, 23rd May, 2016
    #116
  18. ZachAnsel

    ZachAnsel Well-Known Member

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    On 2013 I made low ball offer and accepted at $300k, while people crazy with Syd & Melb market. I think timing the market as important as how long you hold the property.

    End of 2014, we did re-value other porftolio, and we were in the crossroad. I still remember asking the same question for 2-3 weeks should we jump again in Brisbane or elsewhere ?

    Back then considering other factor in my life (bubs, will enter single income, buffer, interest rate), at the end we made decision not to re-invest in Brisbane (still un-proven wether this is good decision, but so far progress showing I made the right one for my self). Hint is here, not try to hype but this is my real life experience. Hopefully can help other people
     
    ZachAnsel, 23rd May, 2016
    #117
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  19. bob shovel

    bob shovel Well-Known Member

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    So you've made $42, that's outperformed syd!:eek:
     
    bob shovel, 23rd May, 2016
    #118
  20. HUGH72

    HUGH72 Well-Known Member

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    Nice 3 year return, I like your strategy and diversification as well.
     
    HUGH72, 23rd May, 2016
    #119
  21. big max

    big max Well-Known Member

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    Whereas if you were to invest today, the result would likely be the exact opposite. Hence the better investment at this point in time being Brisbane.
     
    big max, 23rd May, 2016
    #120
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