QLD Brisbane Suburbs with Double Digit Growth

Discussion in 'Where to Buy' started by Sackie, 4th Aug, 2018.

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  1. Sackie

    Sackie Well-Known Member Premium Member

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    Brisbane’s property market continues to fire with almost a dozen suburbs hitting double digit price growth. BRISBANE’S property market continues to fire with almost a dozen suburbs hitting double digit price growth in the past 12 months.


    BRISBANE SUBURBS WITH DOUBLE DIGIT GROWTH

    INDOOROOPILLY: $1,010,000 - 24.1%

    SEVEN HILLS: $920,000 - 18%

    ASHGROVE: $1,026,500 - 16.6%

    BULIMBA: $1,297,500 - 14.3%

    SUNNYBANK: $820,000 - 14.2%

    WOOLOOWIN: $849,500 - 13.3%

    KALINGA: $1,127,000 - 12.7%

    LUTWYCHE: $850,000 - 12.4%

    TENERIFFE: $2,325,000 - 10.7%

    SHORNCLIFFE: $807,500 - 10.5%

    ROCKLEA: $425,000 - 10.4%



    Full source: Suburbs with double digit growth
     
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  2. Whitecat

    Whitecat Well-Known Member

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    Indo has a lot of Asian money influence By UQ. Sunnybank becoming less important for newer modern generations and Asians moving or setting up in inner west. The year before st Lucía was on fire. Indooroopilly shoppingtown is the most expensive high end suburban mall.
    Sunnybank will always be strong for Chinese families but its not the must-go-to place it used to be. Indooroopilly Toowong area will probably be the next Chatswood of Brisbane. In terms of infrastructure and density and size and feel that is Chermside but that doesn't really have a high Asian population. I think the Inner West will become quite Asian we already seeing a lot of new student accommodation developments high rises around there.
     
  3. samiam

    samiam Well-Known Member

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    double digit growth at Rocklea? Its got half flood prone and half industrial so a bit surprised to see it there...
     
  4. Marg4000

    Marg4000 Well-Known Member

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    You can’t put too much reliance on statistics without a very detailed knowledge at how they were calculated.

    These growth figures are usually taken from sale prices only, and ignore possible substantial renovation costs.

    Maybe many flooded Rocklea properties have been fully renovated or raised above flood level, increasing their value, but at an undisclosed cost.

    These figures don’t necessarily mean that EVERY property in the suburb has increased in value by exactly the same percentage.
    Marg
     
  5. Sackie

    Sackie Well-Known Member Premium Member

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    As always its important to dyor. It's just 1 small piece of the puzzle. When you gather pieces from other sources which corroborates your hypothesis then the reliability of your decisions (and risk reduction) will be alot greater .
     
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  6. willair

    willair Well-Known Member Premium Member

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    There are several streets that don't flood in Rocklea-anything on the rocklea markets side all go under in flood levels..The side up to Salisbury all the park frontal properties flood above most roof levels one street back into the factories it does not flood-and several zoned lmr --imho the price is just above the 2011 floods value range
    and will still go a lot higher ..
    I was in Rocklea yesterday installing a new mail box and a quick yard clean-up on a house we control as the mail service aussie post would not deliver the mail anymore as the letterbox was set too high for the motor bike rider to get off the bike ..The tenants moved out last week-6 days vacant and now leased for 12 months same rent and we allow pets ,nothing wrong with Rocklea just as long as you understand floods and insurance and the way they work,and when they say no ..your not covered ..
     
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  7. Whitecat

    Whitecat Well-Known Member

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    Flood suburbs have been doing great. It's been a while since the flood so seems less scary and less likely
     
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  8. BB5

    BB5 Well-Known Member

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    Seems to be all those with PPOR demand. Wooloowin a fantastically connected suburb. Surprised it's cheaper than seven hills to be honest
     
  9. Sackie

    Sackie Well-Known Member Premium Member

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    Further distance than seven hills to the cbd.
     
  10. investoradam

    investoradam Active Member

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    Coming from a low base and people already forgotten about the previous floods
     
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  11. BB5

    BB5 Well-Known Member

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    I would have thought it was closer. Definitely quicker to get to with 4 stops on the train
     
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  12. Jamesaurus

    Jamesaurus Well-Known Member

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    If its been a while since a flood is it therefore less likely in the near future? Or no impact at all/ related to perception of likelihood?
     
  13. ndpjai

    ndpjai Well-Known Member

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    I bought my IP's in brisbane after loving this suburb just coming for an interview from Sydney. But unfortunately not able to afford to buy in Wooloowin :(
     
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  14. Eric Wu

    Eric Wu Mortgage Broker Business Member

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    nice summary,

    But, these are relatively expensive suburbs, rental yield could be a real issue for many investors ( like most of us). we need a decent yield to help holding on to them. unless we have a deep pocket.
     
  15. Sackie

    Sackie Well-Known Member Premium Member

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    Can use these suburbs to look for cheaper ripple areas. Gotta think outside the box ;)
     
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  16. Marg4000

    Marg4000 Well-Known Member

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    The next flood may be in 100 years time, or next year.
    No-one knows.

    And don’t be misled.

    The description of “one in one hundred years flood” does NOT mean there will be one flood every hundred years.

    It means that, every year, there is 1 chance in 100 of a flood (or 1%).

    Hence major Brisbane River floods in 1974 and again in 2011.
    Marg
     
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  17. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    Good to know nice growth happening. Probably not ideal to buy in 90% of these areas as an investor as mentioned above your yield would be low and your holding costs high.

    Good to check out the surrounding areas though for good potential suburbs that make sense to invest.
     
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  18. jaybean

    jaybean Well-Known Member

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    Hot stuff. I have two in Sunnybank and one on the border of Sunnybank and SBH. CG has been fantastic.
     
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  19. Sackie

    Sackie Well-Known Member Premium Member

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    Drinks on you .
     
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  20. Eric Wu

    Eric Wu Mortgage Broker Business Member

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    for sure :eek::D;)
     
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