QLD People moving to Brisbane / Q’land from Sydney

The summer is *****. Otherwise its a nice place to live.

 

Really? Melbourne is good half the year as well. Really only the winter months suck. Although this year have been reading about all the rain in QLD and NSW but the weather in Melbourne has been the best for a long time.

 

To be honest, I feel great again now, but the underlying issue has to be sorted. I've got another week of high does something that does nasty things to my blood sugar,

 

Invest in solar in Qld and you can run the AC all summer long (I agree it's six months) and it wont cost anything for the power. These past two wet summers the temperature hasn't gotten hot enough to bother me, and I hate the heat.

 

Given climate change, I reckon Sydney up to the CC and down to the South Coast would be the ideal go to. Anything north of Coffs and you just absolutely wilt in summer.

 

Looking back, do you see he was wrong 100% with all the imagination about his reserve migration?

 

I really have to disagree. I know it's only been a year, but up here on the Gold Coast we haven't had anywhere near the heat that we got in Sydney.

 

I think the answer for Sydney is to stay more coastal or stay in the Blue Mountains. The east is definitely less hot and cold than the western suburbs are, I distinctly feel it when I step off a train on some days.

My house is extremely well insulated too for the most part. I have no idea its really hot outside untilI I get out the door, then I feel it's a shock!

 

That applies in Qld too.

 

So , stay in the Blue mountains ..

 

Not really what I was alluding to....but sure.....let's go with that.

 

Yeah definitely didn’t play out that way. Don’t think it was an outrageous prediction though.

 

Blue mountains can get hot too though

 

There are a lot of simplistic arguments made. If you exited to places like Logan...in 2021.. you would be pretty much in the same net position today. They drop 10-15% and have just recovered back to normal.

If you then put it into Perth you would have made another 150-200k....and still vested in a rising market.

I exited out of Qld on only 2 there out of 7. But still have 5 there. But in Perth I went from 3 to 6.

The ones I am holding are in Redcliffe. Watch these areas.... I reckon places like Margate and Clontarf are going to do as well or better than inner Brisbane areas. I have some there and working on a KDR there. I reckon these are future $1m median plus suburbs.

 

It was when there hadn’t once been negative interstate migration to qld in the prior 40 odd years …

 

Fair enough on immigration, my comment was more on general market trajectory.

I did sell in mid ‘22, not sue to rising rates (it was under contract before first rate rise) I sold because it wasn’t the best asset to be fair, stock standard small 4/2/2 out in outskirts of Logan lend lease estate, I got a great price for what the property was, today far nicer & larger land 4/2/2 going for same price I got. I’m happy with that sale, it was an asset I was looking to get away from for a fair while, looking back I think i chose good tIme to free myself of it

 

Good on you mate. As quickly as you get back to the market may help as I am afraid some weird prediction may made a lot people sell on downing market then could not buy back in time and it is painful to watch the market rising up when holding the cash of the previous sales.
Or even worse, the lending capital dropped because of the rate rises after selling preventing you getting back to the market while bearing all the selling cost.

That is why I hate fake and imagination numbers.

 

The weather has been pretty weirdo this year. Hot and cold weather somewhat like Melbourne. Yesterday was hot and today is a lot cooler. There will be an up and down summer this year.

 

If you have the money I think having multiple options would be the go as long as you can own each option outright.
So when it’s freezing down south you migrate up north near a beach. When it’s boiling hot you find a nice cool spot somewhere else.
As far as living in cities like Sydney and Melbourne I think it’s positive and free vibe is over. I don’t have the right answer yet but I think it comes down to having options.

 

I am going to look up the actual numbers of internal migration habits in Australia both historically and current trends and try and research these people as to why they moved.
Also will be interesting to see what the data is showing with international migration patterns.
Will there be a reversal or is there one happening is an interesting point that some people have mentioned. I have seen some data suggesting that some regional areas that went ballistic during the lockdowns have reversed significantly and that’s not hard to achieve in a small area. Then there are some regions that have remained stable.
While many on this forum talk about Melbourne, Sydney, GC, SC and Brisbane and sometimes Perth, my darling is Adelaide.