House price increase from trough ... so far

Sorry for slow reply.

DFA is Martin North: he said again today people quoting rises aren't telling the full story.

Anyway, in @wombat777 's absence:

Brisbane now in positive territory since the election, and \trending higher.

Also since the election:

Sydney +4.42pc
Melbourne +4.24pc

 

Thanks for the graph Pete. What is the growth figure for Brisbane if you don't mind sharing? Do you expect this growth for Brisbane to continue or even maybe accelerate?

 

Brisbane/Gold Coast was down -0.8pc between the election date and July 22.

Since July 22 it has more than recovered that decline, but is only just in positive territory post-election.

Overall, all markets are showing signs of improvement on a trend basis, so Bris should start to rise from here (most recent housing finance figures were also positive for QLD, both for homebuyers and investors).

 

Thanks @petewargent. Does "Brisbane/GC" include Moreton Bay/Redlands/Logan or just Bne/GC leaving out the other regions surrounding Bne?

 

they follow the ABS definitions, so yes they’re included

 

Another way to keep an eye on what's happening on the area's one invests in as this time of year all the BCC rate bills Water bills all start to come in over the next week..The first bill i opened yesterday,the ucv land value went up 110k over the past year so just going on that simple fact alone what real estate journalist's write and the debate about what happens next is not that important just the facts in black and white ..imho..

 

Dreadful,....but in my area (Hills area)...seems like asking prices have already jumped up ...more houses now going for auction instead of private treaty too

Above is for houses though...apartment prices are still stubbornly high...and NOT transacting...supply esp. the Epping to Macquarie Park corridor is ridiculous. (did anyone see that monstronsity next to Macquarie Shopping Centre? I swear it blocks all sunlight to the centre from a certain angle....)

2 speed market?

Anecdotal of course

 

hills is the craziest anywhere in Sydney right now... imo. Prices are jumping up on a daily basis just look at the properties going for auction in Kellyville and every single one of them being sold in auction or even before.

 

Do you think it is a certain immigrant group buying?

Because as you know, the largest group migrating to Sydney atm (and into the foreseable future) are the Indians followed by the Chinese...and they only buy in areas where their fellow migrants live

I was eating at Castle Towers foodcourt last weekend and as i scan across, everyone has Black hair (oops! is that politically incorrect?)

 

No, it's just racist.

 

I don't think thats true. The opens I have been to attracted a great mix. I never felt like its the same ethnicity out bidding everyone else. An auction I attended a month ago had a local family winning it against an asian lady

 

Haha! i must then be racist towards my own grandmother as she is Asian! (don't be too hasty Jprops)

(But seriously, don't we as Property investors look for future Trends?)

 

Hills District is red hot atm..Look at the ridiculous price paid for this half built house in Kellyville

Buyers see dream home in unfinished Kellyville build - realestate.com.au

 

Wow those prices are nuts.

 

To be honest the hills is going crazy BUT where else in Sydney can you get a massive house with land, close to the metro and buses, with great schools and massive shopping centre and is very safe? Yes, this is why it’s going crazy.

 

Hornsby. But its still not as expensive as Kellyville...

 

Very true. I grew up in Hornsby and it’s a nice area.

 

What I should add also is - where else below $2 million.

 

Hornsby is lovely; and (at the risk of being labelled "racist") yes, the Chinese and the Indians have also started to move there ! (something to do with Waitara Public School (Gifted School) and Hornsby Girls (selective School )i hear

 

As long as people are law abiding citizens, no one should have an issue. Don’t forget multiculturalism includes white people as well, because ultimately Australia belongs to the Aboriginals. Aboriginals were the first people on this land and everyone else after them are migrants.

Hornsby has developed significantly over the years and is a quiet and safe neighborhood.