QLD Has Brisbane had its run?

Hello,

Just want to get everyone's opinions on continuing to buy in Brisbane?
With the crazy growth it's seen, will it top out soon?
Are people still buying in mid-wave, or looking to other capital cities now?

 

Suburbs with no infrastructure have "had their run" but blue chip suburbs will continue to grow

 

Is the poll question
Has Brisbane had it's run?
or
Continue to buy in Brisbane?
Both opposite answers.

 

Hello,

Hello,

Happy to re word,

Do you believe Brisbanes property cycle is past its peak and growth will slow from here on in, or disagree and believe there is more growth in 2022?
Are people continuing to buy in Brisbane in preparation for the Olympics?

TIA

 

IMO growth will slow in most of the boom markets, but there's a bit of juice left imo.
Don't expect another 30-40% year though this year for those suburbs that did so last year.

 

Brisbane is already up 4% over Jan and Feb. Its on track for another 2% for March which the official figures will be released tomorrow. That will be 6% for the year already.

If it continues we will be seeing another 20% growth in 2022. There is no signs of slowing in Brisbane. Record sales prices and huge turnouts.

The slowing will happen in 2023 and even then we will still get single digit growth.

 

I think the reality is the Sunshine state is just to good to resist.

 

Yes it is slowing. Outer areas have a little bit of juice left....maybe 5-10%. Inner areas are going to slow significantly..unless reallly special.

Numbers will show up in late Q3.

 

I'm out in the north, it still feels pretty frantic at opens and multiple offers etc is the norm. Lots of O/O's who have been priced out of the inner city ring are out buying in force. Redcliffe Peninsula is a hive of activity, gentrification in full swing. The new football team and Wayne Bennet is helping the area (especially Waynes Scarborough mansion). The redcliffe/Scarborough properties are generally quite old and run down (no flood zones up on the headlands which is a blessing), so most need to be knocked down and re-built. The interstate migration push is bringing a lot of Sydneysiders and Melbournites to the area. We just sold a property to someone from Glebe -
Definitely an area to watch.

 

wow. I clicked no. Not because I think Bne is going to dive, but because its run hard already. I expected most to click 'yes'. (too much reading the brisbane bulls thread).

 

I dont see inner areas slowing over outer areas.
Thats not how it works in my experience in Brisbane.
Depends how you define 'inner' but anything less than 5kms from QSM is going to continue to rise (albeit much slower). People will still be paying good money in Paddington, West End, New Farm etc.
I could be wrong but I remember even in the crap years those suburbs did not drop (unless some epic mansion).

 

Yep have 2 there (Clontarf and Margate) will KDR in the future.

 

It will as prices have gone up a lot.

 

Maybe.
I think Brisbane has a different optimism to it though.
Olympics lead up, massive infrastructure. CRR is pretty cool. Queens Wharf, Brisbane Live etc. I just feel more confident about it coming into the new rate environment than I do Sydney.

 

A couple of interest rates and the house of cards will come off. Olympics is 10 years away....

 

8 is not that far.
When and what are you selling in Brisbane?

 

Very good pockets. Trying to secure a few older properties myself to KDR.

 

I think most suburbs are at the peak. Beenleigh is starting to move. Probably helpful to owners it’s increased after valuations have been done.

 

Everyone looks at their own area of interest

goodna to ipswich which is where I’m invested is moving strongly . It’s still got a way to go .

cliff

 

Brisbane up another 2.2% in March. LOL

Thats close 6.5% now in the first 3 months only. Keep going you beauty!!