Brisbane tipping point - strong price growth over 2019 to 2022

To list a few of my favs -

Persone - Italian
Otto - Italian
Himalayan cafe - Nepalese
Banoi - Vietnamese
Sake - Jap
Madam Wu - modern Asian fusion
Jelly fish - expensive seafood

 

Stokehouse Q at South Bank was delicious and few eateries at Bulimba were not too bad.

 

Also highly recommend Princess Thai at Clayfield, Moda restaurant at the Barracks and on the super cheap but excellent end of things, the Vietnamese shop next to the parole office at Inala Plaza (don’t know its name but I’m not even joking, it has the most amazing pho!) and Jackpot Noodles at any of their various outlets.

 

Can verify I have survived two visits to the pho place and had no issues other than RSI from making sure I locked my car.

 

Happy boy banquet is where it’s at

 

Chu the phat melbourne st south south brisbane
Bamiyan bennetts rd camp hill

 

So there's not much to discuss about price growth we've resorted to naming cafes and restaurants?

 

Pretty much

 

Phuong Trinh Restaurant-- 56 Corsair Ave, Inala QLD 4077..
On the weekends there is a line up outside ,during the week it's ok..
Try the jelly-fish salad..

 

Ok I'll kick it back off. Wavell heights, 3 bedrooms homes are up 100k over 3 years. Averaging out to just under 7% compounding annual growth. Maybe in another 7 years we will still get our price doubling after all.

 

If you see my posts you’ll know im biased for the north and inner west side of bne, with the exception of the Norman Park hills areas. Good markets in Brisbane never stopped, buyers were a little gun shy before the election but from what ive seen in quality stock its just up and up.

 

Well bayside here, which has been a rewlly good market, Wakerley/manly area, it's not been that hot I can tell u that, everythings pretty stagnant. Neighbour just cancelled listing after a couple open houses as demand just wasn't there.

 

The unexpected city where house prices are set to rise fastest

 

BIS predicts Brisbane will rise 17% or 20% every time they release a prediction. So far they have been wrong every one I have read.

 

There is no point booming if they don't index the land tax bracket.
Sick of the yearly increase, company / trustee investors being smack with that $350,000 threshold.

 

Wouldn't that be nice & welcoming when they're finally right!! Bought a Morningside townhouse almost 4 years ago, had my concerns about the oversupply of inner city units but the buyers agent said i'll do well within the 5km radius.. every year it looks like it's lost 10k market value. Locked interest rate in for 3 years & expires next year, if theres no sign in the near term I may just bite the bullet & exit

 

Townhouse is really the problem there for capital growth . Still better than a unit and hopefully your rental yield is good .

 

Agree mate, my initial target was a house on land up in Redcliffe but agent talked me out of it, easy to see that was a mistake in hindsight. As for the yield, just got 5 dollar increase to 355 so not quite taking care of itself just yet

 

Great post. Brisbane also missed a lot of the silly rapid growth of the last few years. I think Sydney's going to go the way of Perth and Darwin, "turning the corner" very few months only to turn down again. It's just grown too far, too fast, and it's way too oversupplied now. If economic conditions worsen, it'll drop, and a lack of wage growth over a decade means it's pretty much grown as much as it can.

Brisbane and Adelaide are very different. Oversupply is being swallowed up fast, prices haven't grown much during the Sydney/Melbourne boom, there's so much room for growth. Honestly I think even if Sydney really tanks, Brisbane's the next major growth location. (Disclaimer: I am rather biased here and own in Brisbane)

 

Yep this is exactly what is happening...only mad men/women would rush into Sydney now.

There is a lot more pain to come.....though ...in 3-4 years there will be rental shortage...happens everytime. Brisbane...and Adelaide will have their time in the sun....thought it won't be to the degree of Sydney and Melbourne.