Property Predictions - 2018

Wowsers. That some serious budget. Maybe a bris thing.

For me I spend $20k on consult, $50k int and subdivision costs are included in my build cost.

But you must be doing some high end stuff.

 

a lot of ppl don't - they just generalize esp stats as really there are too many variables in play. the worst is comparing states and suburbs as not everything is equal. because some surburbs boomed in sydney does not mean it will boom in other suburbs in SEQ and likewise just because WA had a fall due to mining and population booms and subsequent overbuild does not mean VIC will fall as they are not attracting population due to mining. Each to their own race that is what I think.

 

haha I have a lot extra in there for contingency because the site may need more site works than usual given the slope. Also some hefty trees to remove which I know wont be cheap...

 

Who knows? how a particular market will react. However, Land and house package territory is far more vulnerable to market corrections.

 

i would agree, and id add that a lot of people just look at the entire state performance and generalise everything in the state based on what they hear the state is doing...as if the entire state property markets behave all in exactly the same way.

 

Always best to plan and budget for worst case!

 

Sorry but Chermside is churning out horrid - looking apartments, with horrid traffic congestion.

OOps, Chermside is AAAMMAzinnngg, Ddaaarrlliinngs.

Depends on what rocks your boat, I suppose.

 

just cos a suburb is flying need to pay attention to what product is in demand

 

Look at this one in Chermside. For the land side (632sqm) and price i think its a good long them buy. No DD done so just looking at distance from cbd, size and price. Also ripe for a cosmetic reno.

623 Webster Road, Chermside, Qld 4032 - Property Details

 

they're actually selling Chermside OTP in Sydney's Blacktown Westpoint...

 

Good place to sell it. Different state so people have no idea of values, supply and demand and it also looks cheap compared to Sydney prices and oh so close to the CBD.

 

I'll put my 2 cents in on 2018 Adelaide metropolitan market prediction- just slow and steady growth, same as this year.

For detached houses:
inner ring (5km from CBD) 5-7%
middle ring (5-10km from CBD) 3-5%
outer 0-3%

For Units: 0-3% everywhere

I'd love to hear other peeps thought on Adelaide prospects...

 

You may enjoy reading this article

Nocookies

 

Yeah probably.. But what's driving that?
Economic performance - unlikely
Immigration - unlikely
....
Affordability (and unaffordable elsewhere) - likely

 

That is a really interesting article. Thank you for sharing.

 

Adelaide is the boring and steady. no bumps along the way. usually 5-7% and takes 10-13 years to double. Some people like them for SANF.

 

i must agree on this front very similar to lower socio Loga. Great stuff to draw the parallel.

 

What do people think about the Central Coast?

 

I'm buyers agent from Melbroune, my predictions for 2018: As long as
a) interest rates remain low,
b) migration remains high,
c) unemployment rate remains the same.
d) Medina house price in Melbourne remains lower than Sydney.
e) Donald trump and Kim Jung On don't do something stupid!

The market will continue to grow. At what rate is anyone guess. Most of my investment customers are from all states and expats around that world. Melbroune is proving to be great value for many types of investors even though Melbourne locals disagree.

Mark Ribarsky

 

Would you like to apply any more caveats / disclaimers?

Your first point is the most important one...

Interest rates are at 5000yr lows globally? Only way is up unfortunately... already started rising in USA