Brisbane to outshine Sydney and Melbourne dwelling prices in 2020: Westpac

Brisbane dwelling prices will outperform those in Sydney and Melbourne in 2020, according to Westpac.

They believe the Queensland capital will see eight per cent increases next year, above the six forecasted for the two major capital city markets.

Full article:
Brisbane to outshine Sydney and Melbourne dwelling prices in 2020: Westpac



Personally I have no idea but it's always great to see media sentiment positive where you want it to be. Media sentiment is very powerful, most of the herd ( which is most buying folks) pay attention to what all the media says and are influenced by it.

 

It's all done by a javascript file.

"every 3 days, new headline: [RANDOM AUS CITY] to [OUT/UNDER] perform [RANDOM OTHER CITY] and [CITY 3] by [INTEGER BETWEEN 1-15]% by [RANDOM YEAR]"

Gets the clicks.

 

My simple response to this.....
No Chance it will beat Melbourne

This coming from the bloke who’s prediction strike rate is on par with don bradmans batting so take note

 

I agree it's very much unlikely too. But at the same time I'm also pretty sure some subrubs in Brissy will do better than others in Melb. Regardless, it's all about media sentiment. The more positive the better.

 

I’m just starting research to purchase in Melbourne in the next 2-3 months so both performing well would suit!

 

Yeah because a major bank is all about issuing research reports for the ‘clicks’

 

I’ll take Dave Warner’s strike rate over bradmans thanks . No chance Melbourne will outperform Brisbane over the next 3-5 years

 

Do you realise that in 5 years Melbourne will most likely be the largest city in Australia?

 

Melbourne has already had a lot of growth in this cycle that Brisbane has not had . Brisbane’s population is also growing strongly . Brisbane is much more affordable when you compare income to property values whereas is Melbournes growth in the near term will be inhibited by affordability .

 

I’ll happily take that wager.
Melbourne is set to become Australia’s largest city and has some huge infrastructure projects underway which will only strengthen that position.

 

Did you even read the article ?

 

Translation: We are over-leveraged in Logan and hope it picks up.

 

Yeah I heard the article was written at the faked moon landing sound stage

 

Or ...oh ****...........I have a development going in inner Brissie...I mis-calculated...and it looks like after GST...tax I am **** out of luck! I keep talkign it up in the hope it will go up.

100% agree with Logan...it will be the last place along with Ipswich which will take off.

 

Why do you say that? I am not personally involved in the Logan market so I have no dog in this fight, but I have heard people talk about Logan for years. Why is Logan not going to perform in your opinion?

 

OK lets go there...a few BAs (some on this site) put a lot of people into **** properties in lower socio Logan. This was supported by some dodgy brokers and voila. Even though the Brissie market has tightened in terms of rentals...lower socio Logan has not.

What you have a certain group of people following these pied pipers...they are now stuck. If there is CG...there will very little compared to other parts. I know people who have held places in lower socio Logan...and would be lucky to cover their buy in costs..mostly likely they will be negative. I hate to say this...but if they would have bought in Brisbane Council, Moreton Bay, Gold Coast they would have done better.

 

To back up what will increase read the below. No mention of Logan or Ipswich or for that matter the more expensive places around Brissie. It names the suburbs which the banana benders will gravitate to buy their first homes...

USC Moreton Bay campus attracting real estate buyers - realestate.com.au

Redcliffe property market expected to strengthen in 2020 - realestate.com.au

The Brisbane bayside property market on the up in 2020 - realestate.com.au

 

If you are taking realestate.com.au articles seriously that would be a worry, extremely amateurish ‘journalists’ and never have any insightful information .

 

But what do you think will hold will hold Logan and Ipswich back?

 

Look Lower Socio Logan and Ipswich will grow in line with the Greater Brissie market...but the returns will not match areas like BCC ..Southern Moreton Bay...GC or Sunshine Coast areas.

There are a group of people who have vested interest in talking up these areas. But the fact of the matter is demand has to come from FHB...OO ..for markets to grow significantly.

Southern investors are disportionately in Logan lower socio. There is no great demand from locals for that product.

Lots of people wrote ad-nauseam about their portfolios in Logan...but is is only a house of cards. I already have 7 in Brissie but none in Logan....maybe one day but not yet....