How far is brisbane from a boom

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.

 

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.

 

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.

 

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

 

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.

 

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.

 

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.

 

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.

 

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!

 

Yep, happens every time.

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

 

Yep.....agree....people are jumping into Sydney and Inner Melbourne when thye should be in Brissie.

 

Brisbane is about 967 km from the nearest boom and that one has run it's race (apparently).

 

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

 

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

doesnt matter that some airlines fly into brissie everyday....

 

They fly into Albury too.

 

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

 

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..

 

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.

 

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..

 

A skip and a hop away from a Brisboom. Come one, come all, Brisbane ain't trash so bring your cash! 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.