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Brisbane to grow over 10 % this year

Discussion in 'General Property Chat' started by See Change, 3rd Feb, 2016.

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What growth will brisbane have this year

  1. over 20 % , hallelujah brothers !!

    7 vote(s)
    6.5%
  2. 15 - 20 %

    4 vote(s)
    3.7%
  3. 10-15 %

    14 vote(s)
    13.0%
  4. 5-10 %

    53 vote(s)
    49.1%
  5. 1-5 %

    21 vote(s)
    19.4%
  6. 0%

    3 vote(s)
    2.8%
  7. 1-5 % fall

    1 vote(s)
    0.9%
  8. 5-10 % fall

    0 vote(s)
    0.0%
  9. > 10 % fall

    5 vote(s)
    4.6%
  1. See Change

    See Change Timing Lord Premium Member

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    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
     
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  2. CU@THETOP

    CU@THETOP Well-Known Member

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    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.
     
  3. Bran

    Bran Well-Known Member

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    Hallelulah!


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

    willair Well-Known Member Premium Member

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    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..
     
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  5. larrylarry

    larrylarry Well-Known Member

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    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!
     
  6. Coota9

    Coota9 Well-Known Member Premium Member

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    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%
     
  7. See Change

    See Change Timing Lord Premium Member

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

    Tyler Durden Well-Known Member

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    "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? :p

    I've gone for 1-5% for Brisbane as a whole, inner 10km should outperform though.
     
    Last edited: 3rd Feb, 2016
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  9. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    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.
     
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  10. chindonly

    chindonly Well-Known Member

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    I remember it did jump quickly, but didn't think it doubled. Any graphs See?
     
  11. Coota9

    Coota9 Well-Known Member Premium Member

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    image.png
     
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  12. chindonly

    chindonly Well-Known Member

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    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.
     
  13. Coota9

    Coota9 Well-Known Member Premium Member

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    Has not done anything since 2006...
     
  14. See Change

    See Change Timing Lord Premium Member

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

    jaybean Well-Known Member

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    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.
     
    Last edited: 3rd Feb, 2016
  16. HUGH72

    HUGH72 Well-Known Member

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

    Kangaroo Well-Known Member

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    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 ?
     
  18. chindonly

    chindonly Well-Known Member

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

    Tim & Chrissy Well-Known Member

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    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 :p)
     
  20. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    GFC cut last time a bit short.

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

    bris.gif

    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.
     
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