QLD Brisbane

Just avoid outer Brisbane due to large supply etc , the other factors you mention are secondary

 

You shouldn’t have many issues getting it rented back out. Rentals have been moving rather quickly in the area. Limited stock ATM which is good.

 

I haven't read this thread so I don't know really what it's on about but I was looking at some data and I think it was 2003 Brisbane went up by 30%. This was state government data of price rises.
And then I think from memory it went up by double digits for another few years. So when Brisbane booms, it booms even more extremely than Sydney.

 

Yep got an application last night so all good.

Cheers

 

Yes correct brisbane median jumped from $160k to $420k from 02-08. Approximately 160% in 6 years. Making Sydney’s recent boom look like a blip

Part of the reason I think it has sat dormant for quite awhile, we are paying for that growth as it was clearly not sustainable.

as I’ve said there’s nothing wrong with Brisbane’s growth, but there’s a lot wrong with peoples timelines and expectations.

 

Council releases draft City Reach Waterfront Master Plan

Getting better at embracing the river and greening things up.

 

90 Waterworks Road, Red Hill, Qld 4059
Curious to hear what opportunities could be made with this property. Are commercial rezoning viable?

 

Maybe the school will one day want to expand?

 

I thought I'd post after months hiatus...
I made 3 predictions months and months ago about brisbane ( and all seem tp be true or heading in the direction to be true):
1. Sydney and Mel will have substantialgrowth round 2 before brisbane round 1.
2.Brisbane will have very average growth for next 3 years, even if all the development are done.
3. For Bris to boom, it will need the same things syd and Mel boomed - namely big ticket companies and their jobs. Not ****** little 2 man shop type offices of these companies..(which is currently the case in brisbane) .. im talking large diversified thousands of staff operations ..just like what Sydney and Mel have.
All these developments like the Howard Smith wharves etc are great but contribute nowhere near a large company would towards economic growth.
Doesn't look like this will happen, and therefore I maintain my opinion of brisbane being little more than a country town - if you look closely, horse and carriage is still used. Till they figure out that the world is not flat, I recommend Sydney and Melbourne.

 

You’re jumping the gun . Agents are reporting a hit market in owner occ areas within 10km of the city ( only part of Brisbane I care about). HSW was not a major project , wait until the new casino is built and the second runway at the airport and lets see the tourism impact as tourism is a major driver in Brisbane .

 

I'd have to agree with this. I spend a lot of time buying property in middle ring North, and seeing good numbers through opens, multiple offers & low days on market. FHB's especially active.
So I think inner to middle ring BCC is looking good. Greater Brisbane, including Logan, Ipswich & MBRC- who knows.

 

We know that a report on the effects of climate change (ie: fires, floods and severe tropical storms) is considered to impact the Qld property market more than anywhere else in Aus. I really want to jump on the Brisbane/Gold Coast bandwagon but I'd like to see a lot more analysis on this topic before choosing an investment property there vs Sydney or Melbourne.

 

I know a guy who thinks climate change is a Chinese hoax...that made my day..a bit of of laughter for you on a Monday.

 

Hi , what are you seeing in Stafford and Stafford Heights, what is your view long term on these areas, i have heard (and seen a number for sale) but nothing confirmed that BCC are selling off the commission houses, i think these will need to be cleared out before it makes substantial gains?

 

Anyone see a ripple effect into Arana Hills which hasn't seen the kind of growth the 2 nearby Fernys have (Hills and Grove)? Was in Brisbane recently and really didn't find Ferny Hills or Grove more aesthetically pleasing than Arana Hills, but they have a better schools precinct and a more centrally located train station. Arana Hills is 2km+/25min+ bus ride to the central part of Ferny Hills and a little longer to most of the schools there so perhaps not?

Also, a very different market I know, but Geebung was a revelation. The streets to the immediate SW of Geebung station are beautiful and family friendly. Only a stones throw from Chermside. It's 15km from the CBD, so will have its detractors at that distance, but I've seen from the historical threads it definitely has its fans. Also there's an express train service to the CBD. Was undervalued a few years back so prices have caught up somewhat, so as most here would agree, it's about getting the correct older property at the correct price to value add unless you're in for a long-term buy and hold.

 

As you've mentioned, Ferny Grove has the train line. Strong demand in Arana Hills that will surely start to flow through to sales growth data soon. Some of the land in Arana (and Ferny) Hills can have huge slopes, so you might get a 607 sqm + block, but most of it isn't usable- One to watch.

I like Geebung too. I think its a bit closer than 15kms to CBD (12 from memory). Access to two train stations (Geebung and Sunshine), close to Chermside, flat blocks. You can even grab a decent coffee there now (Fox Roasters). Yields aren't fantastic though. The stuff Im looking at is sitting around the 3.5% mark.

Tried to land 4 Suncrest a couple of weeks ago, but no luck.

 

Can't see why these wouldn't do well over the long term. 10km from CBD. Adjacent to Wavell Heights, so good ripple opportunity. Nice views back to city from some areas. Agree there still looks to be higher % public housing than most suburbs, but historic growth has still been a lot better than most. Similar story to Gaythorne which has high % public housing, but still pretty good growth.

 

Do you know it went for roughly?

Quite industrial around that part so Geebung hasn’t been on my radar considering the pricing, I lean more towards The hills, Everton park way etc Due to the higher owner occupied % for the same median.

 

Don't know exactly but guess around $570ish. Take your point, stronger yields too. What's your take on future supply of land in the hills?

 

I actually drove out to this one when I was up there just to get the vibe around that part. I didn't attend an open for it but they had quite a bit of marketing behind it with an online video tour. I agree with Codie, it's the industrial side of Geebung so wasn't interested on location alone and Geebung is also too far outside my budget unless I knew how to renovate which I don't. Put it in the nicer SW side of Geebung outside of a flood zone and it's easily above $600+.

 

Sorry should have clarified I meant Everton hills/Arana - Haven’t looked at Ferny with much intent Il be honest

I think getting out towards that 12km+ your growth prospects really start to decline, sure it will grow but for not much more you can come in to that 8-10km Stafford to Everton line and shave off 15min of your trip, have potential city views from second stories, the cafes & laneways popping up are very trendy and obviously land is scarce.

if I had to go to that hills area you mention I’d be hunting for 810sqm without a doubt!