QLD Hot Spots - Brisbane

Brisbane a fragmented market, here are some winners according to Kevin Turner


Mansfield - 20.31%
Belmont - 8.6%
Everton Park - 18.2%
Holland Park - 30.5%

All averaging low days on market of around 30 to 35 days.

 

Over what period? 30.5% couldn't be in the past 12 months?

 

last 3 years

 

Our old ppr is in Mansfield, it's been going nuts since 2015. No.2 public school in Queensland and I heard a rumour that it may knock Brisbane state off No.1 this year...

Grew up in HP, great suburb as well. Close to the city and we had great views. I use to curse the hills when walking to and from school though.

 

Out of those areas I have in Holland Park and 30%-35% seems spot on. And that's not taking into account the values once its developed.

 

Developing in Holland Park, is this difficult?? Character area/period homes?? Don't know?

 

My site isn't a period or heritage so the subdivision was approved in about 2 weeks.

A gun town planner is really worth his weight in gold.

 

Is this in Holland Park?

 

Just next door, Holland Park West. My site is in the most prestigious area around there.

 

Excellent, nothing beats growth, the trend is your friend. Sometimes you don't even need to develop as the land is scarce and developers will pay a premium for this.

 

Very true. I was offered 950k for the site, paid low 600s. When I develop it though the profit will be double that so its worth it to me.

There is actually a funny story to this. Long story short It was about 2-3 years ago and I was at a Sydney seminar for real estate in Sydney. The funny thing was that the speakers couldn't stop talking about Brisbane. They even made a joke about it. I honestly left half way to rush home and start my buying plan that same day and bought over the next few months a few sites.

 

This is a joke..Brisbane...
It's nothing compared to this stuff
Emu Plains Property Market, House Prices & Suburb Profile
..almost twice the demand on a much higher starting base.

 

I own in Mansfield and Camp Hill. They both have grown significantly in last 5 years (though I bought both properties in last 12 months, they have both grown significantly as far as bank valuations are concerned).

Corelogic growth numbers (last 5 years) are following for above suburbs:

Mansfield - 37%
Belmont - 12%
Everton Park - 30%
Holland Park - 40%

And Camp Hill - 42%

 

Nice

Now its a matter of watching whether these suburbs will continue to outperform.

 

You can't win em all .. If I can get my small spoils somewhere then i'm happy to drag it back to my cave and celebrate

 

Camp Hill property's auto valuation came $200k higher than what I paid. That's good 25% growth in less than a year. My relationship manager thinks bank will likely not send a valuer if I access that equity and if next purchase is a straightforward one.

A lot of big sales happening in right suburbs but time will tell if we see a Sydney happening in Brisbane.

 

I doubt we'll see that but I don't think we need to see that in order to do very well.

 

I quietly pray for those who got into Sydney market after 2013. While valuations look great on paper, time will tell if people can hold on to them in the long run.

 

You have mentioned this before, so you are buying? But how long has it been running hot ?? been going for some time right

 

I think @JDP1 is just being facetious.