How far is brisbane from a boom

Discussion in 'Property Market Economics' started by JDP1, 26th Nov, 2017.

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When will brisbane show double digit growth

  1. within 1 year

    20 vote(s)
    13.7%
  2. after a few years

    49 vote(s)
    33.6%
  3. sometime in 5-7 years

    33 vote(s)
    22.6%
  4. 10 years plus

    13 vote(s)
    8.9%
  5. not this cycle- whenever the next cycle comes around

    17 vote(s)
    11.6%
  6. never- once a country town, always a country town

    14 vote(s)
    9.6%
  1. JDP1

    JDP1 Well-Known Member

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    when will brisbane ( limited to bcc) averages show an average of double digit growth rates( lets broadly define that as booming conditions )- averages across all bcc and property types in bcc.
     
  2. jaybean

    jaybean Well-Known Member

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    Since Sydney has run out of steam, if it doesn't boom within 12 months my prediction is we'll simply have a solid 5-10% pa growth for the next 10 years instead.
     
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  3. Tenex

    Tenex Well-Known Member

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    Brisbane already had a boom post the floods. It doesnt currently have any reason to boom and IF melbourne and Sydney do correct a bit investors will be reverting back there.
     
  4. Marg4000

    Marg4000 Well-Known Member

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    No reason to support the possibility of a boom.

    That will only happen if the local economy picks up and job opportunities lead to increased population growth.

    Otherwise it will probably just tick along much as it has been.
    Marg
     
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  5. sash

    sash Well-Known Member

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    That makes absolutely no sense.....Brisbane has not had a boom since 2003 to 2008 just after the last Sydney boom.

    It is now due to have upwards phase from now till about 2020-2021. Brissie cycles follows Sydney which is now clearly peaked and is on the decline.

    Melbourne and Sydney will have a correction. Sydney is already moving down this path...some parts of Melbourne are also at this point.

    Outer Melbourne proabably has about 12-15 months...before a correction in that segment also.
     
  6. jaybean

    jaybean Well-Known Member

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    I think what gives people pause is historically, Brisbane has boomed immediately after Sydney's slowdown. I think this has happened in at least the last 2 cycles. Sydney started showing signs of slowing down 6-12 months ago but still nothing in Brisbane (and isn't right now - summer - historically the best season for Brisbane?), which leads me to think it's going to be a slow burn rather than a big jump.
     
  7. sash

    sash Well-Known Member

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    Depends where you are in Brisbane......Inner Brisbane is going at a good clip.

    Middle distance (upto 25 klms) is doing okay also. For places like lower socio Logan and Caboolture to see massive price rises is about 2 years out.
     
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  8. jaybean

    jaybean Well-Known Member

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    Yes one of mine has doubled, so I'm not saying it's not moving. But some have only been chugging along at like 5-10% pa (which is still great!)...I guess my definition of a boom is to see a more consistent bump across all my portfolio, not just one or two.
     
  9. sash

    sash Well-Known Member

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    Yep agree...that ain't going to happen very rare for that to happen.

    That is why understanding cycles is important...I have told people about the Sydney...but people think it will keep going...it ain't going to happen. Some crazy people jumping in now....they will get burnt...worse still some people doing developments at the end of the cycle...a recipe for disaster!
     
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  10. kierank

    kierank Well-Known Member

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    Yep, happens every time.

    And those that get burnt will for the rest of their lives say/believe that property is s BAD investment.
     
  11. sash

    sash Well-Known Member

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    Yep.....agree....people are jumping into Sydney and Inner Melbourne when thye should be in Brissie.
     
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  12. Scott No Mates

    Scott No Mates Well-Known Member

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    Brisbane is about 967 km from the nearest boom and that one has run it's race (apparently).
     
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  13. Scott No Mates

    Scott No Mates Well-Known Member

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    Brisbane is a country town, regional employment/exports/exchange rate etc drive prices in country towns.
     
  14. sash

    sash Well-Known Member

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    yep a country town with 2.5m people...and the third largest airport in australia.

    doesnt matter that some airlines fly into brissie everyday....
     
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  15. Scott No Mates

    Scott No Mates Well-Known Member

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    They fly into Albury too.
     
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  16. sash

    sash Well-Known Member

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    only rex ...and wantas link but no airasia...eva air ....hainam air. you must be a gwei luo
     
  17. willair

    willair Well-Known Member Premium Member

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    If your talking about the BCC inner footprint -it would be hard to separate the background noise from the media and high rise unit markets doom and gloom within those markets..

    I voted one year,add the commonwealth games on the gold coast plus all the Labor voters that have sold up all around the country and moved to Brisbane as the next wave of wealth creators..
     
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  18. Tenex

    Tenex Well-Known Member

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    What makes absolutely no sense is users who create multiple alt accounts, patrolling the forum to post garbage.

    But of course you are not one of them, you just tell jokes instead.
     
  19. nth brisbanite

    nth brisbanite Well-Known Member

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    I read somewhere in this forum (can't remember where it was) that in the last boom, the local economy was just 'chugging along'. The economy in Brisbane at the moment is not going gangbusters but is still doing reasonably well. Population growth for 2016 was 3.6% which is not too bad and has ranged from 1.32% to 6% over the last 5 years..
     
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  20. Sackie

    Sackie Well-Known Member Premium Member

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    A skip and a hop away from a Brisboom. Come one, come all, Brisbane ain't trash so bring your cash! :D ok fun over. In truth, no idea when Brisbane will boom. I just buy deals now which makes sense to me medium to long term.
     
    Last edited: 26th Nov, 2017
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