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does it mean oversupply in brisbane??

Discussion in 'Where to Buy' started by samiam, 5th Mar, 2016.

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  1. samiam

    samiam Well-Known Member

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  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    Of course, and another couple thousand coming online from current apartment construction
     
  3. samiam

    samiam Well-Known Member

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  4. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    I wouldn't think you can draw conclusion from one figure and only one side of the equation.

    How many buyers are there in Sydney vs Brisbane? Is it half, is it double?
     
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  5. samiam

    samiam Well-Known Member

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    but you can also look at the population in syd vs. brisbane
     
  6. JDP1

    JDP1 Well-Known Member

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    In regards to your quesyion...not necessarily.
    Bcc is spread out and thete is a wide variability of cg between propties and suburbs fairly close to one another eg cleveland vs carindale. need to pick carefully in brisbane. For best short- med term growth, id look for stock 5-10 km..ddepending on your budget and goals.
     
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  7. RPI

    RPI Property Lawyer, Town Planner Business Member

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    Just out of interest, my total for QLD is 71,796 unique properties on market on residential websites.
     
  8. HUGH72

    HUGH72 Well-Known Member

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    It looks like there will be a large over supply of units in Brisbane for a few years, but for houses I think it says more about why a house in Sydney is double the price, serious demand is there.
     
  9. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    That is too simplistic. You are taking single pieces of data in isolation and drawing a large conclusion from it.

    I don't have the answers however I would be looking at jobs growth, population growth, vacancy rates, and probably 5 to 10 other indicators I have missed before drawing a conclusion of oversupply.

    Or I would find a reliable source for the answer. Trying to DIY economics isn't a great idea.

    Edit: Also if you believe there is now an oversupply in Brisbane and it has experienced good recent growth why would you be buying there?
     
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  10. samiam

    samiam Well-Known Member

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    @Tim & Chrissy Edit: Also if you believe there is now an oversupply in Brisbane and it has experienced good recent growth why would you be buying there?[/QUOTE]

    thanks. I am doing my DD. but also want to hear what I want to hear :)
     
  11. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    I think something is getting lost in translation here Samiam.

    My only advice would be find a source of information you trust and back that up with your own research. Best of luck!
     
  12. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    I think the stock on market will come down for Brisbane (*excluding units), and it will go up in Sydney. Sydney's coming off a really low stock on market base though.

    For historical charts going back a few years go to SQM Research online and check the stock on market link.
    You'll get an idea of where could have high stock on market in future if history is anything to go by (and while places change, I would not discount history entirely - you can glean what could happen when the market turns... it affects some places a lot more than others).
     
  13. Azazel

    Azazel Well-Known Member

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    Possibly how they measure the areas.
    Oversupply of units in Brisbane too.