Could the auction market FINALLY really be picking up in Brisbane?

Discussion in 'Property Market Economics' started by big max, 15th May, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
  1. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    2,091
    Location:
    Gold Coast
    big max, 15th May, 2017
    #1
    Whitecat and Frazz like this.
  2. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    The million dollar plus market is growing stronger and stronger for the right stock in the right locations for cashed up Owner Occupiers .
     
    Sackie, 15th May, 2017
    #2
    kierank and Whitecat like this.
  3. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,129
    Location:
    The beautiful Hills District, Sydney Australia
    euro73, 15th May, 2017
    #3
    Whitecat likes this.
  4. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    4,496
    Location:
    Sydney
    I agree this seems to be a lot of confidence in the high-end properties people like those large homes on large blocks and will pay big money for them.
     
    Whitecat, 16th May, 2017
    #4
    Sackie and kierank like this.
  5. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    I went to three auctions on Saturday around south-east Brisbane. It was supposed to be four but one property sold prior.

    All three properties were sold under the hammer and were in the range $1.262M to $1.945M.

    The last auction started at 4:00pm and finished at 6:30pm. Yep, two and half hours!! And there was only one bidder!!!! But that's another story :).
     
    kierank, 16th May, 2017
    #5
    Sackie and Whitecat like this.
  6. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    Boy if I were with you we would get up to mischief at those auctions :D I would love to go to em but geographic location...sigh...
     
    Sackie, 16th May, 2017
    #6
    kierank likes this.
  7. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    Yep, and even on smaller 400sqm lots.. they are getting more popular and 'acceptable' to be paying 1mil plus now. Just needs to be a nice, modern build, within 8km of cbd. With a neat garden is a big bonus. If it has views then add another 1-200k. Developers who bought 800+sqm in these locations say 2-3 years ago are cashing in nicely.
     
    Last edited: 16th May, 2017
    Sackie, 16th May, 2017
    #7
    Whitecat likes this.
  8. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    I cause enough mischief on my own.

    If you were with me, we would probably get arrested :).
     
    kierank, 16th May, 2017
    #8
    Sackie likes this.
  9. Tonibell

    Tonibell Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,107
    Location:
    Sydney
    Do you think it is the right time to be cashing in on these blocks ?

    May well regret cashing in too early.
     
    Tonibell, 16th May, 2017
    #9
  10. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    That's fine.. as long as we are successful at the auction! :D
     
    Sackie, 16th May, 2017
    #10
    kierank likes this.
  11. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    I think it depends on a case by case basis really but I agree with your assertion. That's the very reason why I am planning to hold my splitter sites for a little longer. Even though they stack up now I wanna try and time the market better to get as much juice out of them as possible.
     
    Sackie, 16th May, 2017
    #11
    vbplease likes this.
  12. Scandrew

    Scandrew Well-Known Member

    Joined:
    9th Feb, 2017
    Posts:
    45
    Location:
    Sydney
    Scandrew, 16th May, 2017
    #12
    samiam likes this.
  13. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    Time will tell and I am happy to let you know when it does.
     
    kierank, 16th May, 2017
    #13
Financial Advice – Do you need help

Do you need help with investment strategies, don’t want to buy the wrong stocks, or you just need a regular income stream? We provide the research to ensure your investment selections achieve the goals. This is the value of advice.