QLD Brisbane to grow over 10 % this year

I already did.

 

Where is the 20% @Bran? Was it on another thread? (I'm keen to find out what the forecasts are for Brissy and why).

 

Hey @Steven Ryan,
What make you say that south will perform particularly well (I'm assuming as opposed to the North side, you're suggesting?)?

 

I don't understand who can really think it will have greater than negative 10% drop....but apparently some do...

Personally, I think homes on decent sized blocks on good streets, up to 12 km from the CBD will do best. If there is real value adding potential to the place bought as well then its going to be laughing all the way to the bank.

 

Maybe they don't understand how property investment works, or maybe they have big fingers and they pushed the wrong button, such are the mysteries of the Human mind

 

Probably just d&g s...t stirrers

Cliff

 

My own observations, chats with my clients and agents.

Stuff is going under contract quick, prices are not sitting still, more and more stuff is going to auction, lots of interest in anything half decent.

 

It definately feels like Sydney 2014 when we were looking for a place to buy - anything well priced under contract straight away. I even got an email this afternoon for a property in DBay as a 'VIP' prior to it being advertised, I clicked on the link - sold.

We lost one on the weekend that was over 7% yield. It was offers $350k + we lost it with our max offer at $381k.

 

It's been about +5% over asking since spring.. everything I made an offer on got trumped by about that much.

 

Let me guess Raywhite DB??

Yeah agree with you about the market...the North in particular is red hot!!

 

There's only two ways you could know that:
1. You also got the email
2. You're a brilliant psychic

Which is it Sash?

 

@Tim & Chrissy To be honest when I went on a buying spree over there, now about 1.5 years ago, already at that time I was feeling I had to work for it and it wasn't just falling in my lap (properties within 10km of the CBD). I can only imagine now it would be crazy....I know someone else on the forum who is finding it very frustrating to get a good buy as well...I can only imagine...

 

Not psychic...they keep sending those crazy VIP emails.....

 

@sash what makes you a VIP.....

 

Nothing...that is the joke...everyone on their mailing list gets them! A marketing ploy....

 

@sash One of the funniest marketing things I saw an agent advertise on a property was "LMR...ooo La La".. lol

edit: Gosh its still alive out there.

Development For Sale – Mount Gravatt East Property Sold by the Real Estate Experts Brisbane

 

I reckon it's going to be around 8% CG across Brisbane, but some suburbs will get very hot and that will cause panic and 2017 will be the hectic year.

 

Just ring up any agent on the inner southside of brisbane and tell them your thinking about listing a property,they will be all over you because in a few blue-chip small pockets where people stay for 25 years plus that everyone would like as their postcode can't get any listings,then ring up other agents who are selling properties without the price on the internet add,just too get you to make the phonecall,then see how hard it is too talk too the agent,i was just trying to talk to one for my daughter,first excuse was she's out of the office,then he said the lady is on her way to the hospital to see someone,in between saying i don't give a stuff about ******* tyres kickers like me,pity when i told him my name and he told me his,just have to have a talk too the gentleman on the weekend at the open house,.

 

@willair you just posted something (but deleted it) that i think made a great point about high demand for top locations as people want to grab their piece housing real estate relatively close to the CBD and in top areas, as once they are gone, they are gone.

I think you were making a point to that effect (apologies if i got it wrong) which i strongly agree with mate.

Edit: lol your post is back now! Great stuff.

 

That little area has been going nuts.. I had a walk down there the other day, there is almost not a site there that hasn't just been sold, just finished, or still under construction. Has only been about 18 months since the government expanded the LMR zone. There's going to be a lot of pressure to expand it too after it's done when the council sees the $ signs.