Media on Brisbane Unit Oversupply

Discussion in 'Property Market Economics' started by RPI, 30th Mar, 2016.

Join Australia's most dynamic and respected property investment community
  1. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

    Joined:
    18th Jun, 2015
    Posts:
    2,025
    Location:
    Brisbane
    The media's interest in the amount of units being built at present seems to be ramping up again. I have done 2 interviews in 2 days on the topic. One of the journo's went for a drive and counted 40 cranes in the sky apparently.
     
    RPI, 30th Mar, 2016
    #1
  2. teetotal

    teetotal Well-Known Member

    Joined:
    7th Nov, 2015
    Posts:
    736
    Location:
    Sydney
    There are more than 40 cranes in just parramatta region in sydney.
     
    teetotal, 30th Mar, 2016
    #2
  3. norwoodman

    norwoodman Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    383
    Location:
    Adelaide SA
    Crane count can be a pretty poor way of indicating oversupply - some of those cranes are not even on resi jobs, and there's a big difference for a crane working on a 7 floor job versus a 70 floor job!
     
    norwoodman, 30th Mar, 2016
    #3
  4. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    What was it sir Joh said about cranes on the skyline?
     
    Azazel, 30th Mar, 2016
    #4
  5. Kangabanga

    Kangabanga Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,497
    Location:
    Brisbane
    the chinese have somehow found a way to export their property bubble to good ole brissy, yay. Locals will remember what happened to the apartment market down the Gold Coast.

    Another couple years and it will all be easy pickins.
     
    Kangabanga, 3rd Apr, 2016
    #5
  6. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Might be the same in Brisbane I heard somewhere, can't remember where.
    Oh yeah, this thread!
     
    Azazel, 4th Apr, 2016
    #6
Buy Property Interstate WITHOUT Buyers Agents!

Buy Property Interstate WITHOUT Dropping $15k On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia