QLD Brisbane to grow over 10 % this year

All of the pundits are predicting Brisbane to grow , but from what I've seen , in the single digit levels .

Personally I think it will be more than that .

We've just missed out on a property with the " winner " going 5 % over expected asking price , compared asking price to 2-3 we were seeing at the end of the year . The agent who sold that told us yesterday , he felt like a messiah last Saturday with a group of " disciples " following him from open to open .... Normally 2-3 people at the opens we've been to , if any .

I think Brisbane will go up over 10 % .

What do you think ?

Cliff

 

Can't tell you what I think until I know what suburbs you are looking at and you know how you are with that sort of info.
I'm thinking of a sale in one inner western Brisbane suburb and the market is flat. I looked at an open at another inner south west suburb (between 5-10k from CBD ) and multiple parties through an open home with at least 2 getting the paperwork.
Turned up half an hour late to a Camp Hill auction and the place was deserted and unsold. Given that it takes a few minutes to read the terms and they always start late anyway I reckon there was nil interest.
Mixed bag at this stage is my view.

 

Hallelulah!


Actually, I have no idea. But things don't point to a downturn

 

Maybe as Brisbane covers a large area,it may well go above 15% in some postcodes,then a 10
% volatility range in other postcodes,depends on how speculative the property portfolio is..plus i don't care all i have done for the last 10 years in Brisbane is just sit on properties and watch the value grow,in between the bumps inthe road..

 

I'm now very curious about the projected growth in Brissy. Bought 2 properties late last year in NSW (outside Sydney) and not sure if I should get aggressive this year. Going to find time to fly up there!

 

Brisbane is a slow burn market and doesn't have the punch of the bigger markets of Sydney & Melbourne so my guess was 5-10%

 

Interesting that it doubled in a year at the start of the previous cycle ...

 

"Brisbane to grow over 10% this year"...is the thread title missing the word "will" and a question mark?

I diligently read the spruikers list and I didn't see @See Change?

I've gone for 1-5% for Brisbane as a whole, inner 10km should outperform though.

 

I reckon once some momentum finally gets going, it would be decent.
Voting for 10-15%.
A nice gain of 1 mil this year will be well received, already been waiting a few years.

 

I remember it did jump quickly, but didn't think it doubled. Any graphs See?

 

Nice Coota. So good jumps in 2001-03 and 07 but not really double in a year. Probably doubling in 2 1/2 yrs up to 2003. Lagging well behind the others since.

 

Has not done anything since 2006...

 

my mistake
In logan area figures went up around 60 % e.g. 84 to 133 in logan Central from 2002 to 2003
Cliff

 

It's hard to say. In Sydney the overall price growth is like 50% right, but almost every property in my area and where my friends have purchased have doubled. But the overall average drags it back to 50%.

So undoubtedly you'll see growth that exceeds 10% in **some areas** (wouldn't surprise me to see 20%), which makes the overall stats really difficult to tell what's actually going on.

 

There was a solid growth spurt in 2007 into the start of 08 before things went down hill quickly.

 

Prior to that, it had nearly 10 years of very, very slow growth. I believe this long stagnation killed the oversupply, laying the foundation for the rapid growth you mentioned.

Any Brissy veteran who experienced 1991-2001 can elaborate ?

 

Sydney had an extended quiet period before the last spurt. Brissy's growth may not be that spectacular, but this will be something.

 

I'm seeing a lot of fence sitting responses, who is going to be the brave person who throws a 20%+ figure out there? (for the record: we are going to be fence sitters on this one too )

 

GFC cut last time a bit short.

Here's what the last full cycle looks like over the current trend.



Just sayin'.

I reckon double-digit growth (houses).

Who knows how wider Brisbane will go. None of us have a crystal ball but what I'm seeing on the ground, particularly in the south, bodes well.

I will make the call that Moorooka is going to outperform Brisbane as a whole, too.

Variables to consider: out-of-cycle bank rate movements and the RBA shaving the cash rate down another 25BP.