QLD to Smash NSW

Is Queensland’s property market finally outpacing NSW?

 

Lol

 

I REALLY REALLY hope so.

Honestly though its about time. BNE house prices where far to cheap compared to Sydney and Melb for the last 10+ years. I'm so confident in Brissy at the moment that the boom up in Brisbane will outshine and outpace Sydney and Melbourne in 2022 and beyond.

 

Those banana benders got no chance!

 

I think you'll find that once international borders are re-opened a greater proportion of migrants will settle in QLD than either NSW or VIC...which will really bolster the QLD market in the coming years.

So pre COVID it was all about VIC and NSW but post COVID it will be QLD that outperforms...both Brisbane and regional QLD.

 

Hopefully Bris cay stay flood free.

 

Plenty of suburbs throughout Great Sydney were recently flooded. So many areas of Australia are susceptible to flooding including areas of Sydney.

 

I think so.

While we are stoking the flames, I predict Brisbane Southside will outperform Northside!

 

Sure, however the floods did impact property growth in Bris, the Sydney market was obviously more resilient.

 

Considering the data lag...it's a bit early to determine the extent to which the recent NSW flood event has impacted values across Sydney or any other of the NSW areas that were affected.

 

I think that in a post-COVID world Brisbane may well outperform all other capital cities in Australia over the next 10 years.

 

Actually not that many. Only Penrith in greater Sydney really got affected and not all of Penrith only the streets near the river and even those places no houses really got damaged. It was greater NSW that got impacted the most which is outside of Sydney.

One of my best friends lives in Penrith and the evacuation warning did not even extend to his address. It stopped about 400m from his house.

None of my properties in greater Sydney got affected a single bit.

 

When the borders open there's a good chance yeah. The south is where almost all of the Vietnamese, Hong Kong, Taiwanese, Chinese, Korean, Sudanese, Nepalese, Indian etc etc communities are.

 

This is the main reason why I like the Southside in terms of growing for longer because most of the Asian communities is in the Southside. In 2022 and beyond that is when things start to get normal in terms of travel and that is why I believe Southside will grow more than Northside.

 

... and so it should.

All suburbs on the Southside should outperform all suburbs on the Northside .

 

Isn't Brisbane a country town? Boom today, doldrums for the next 20 years? Or did I miss how the state is no longer reliant upon tourism & mining and reformed the economy?

Just don't wait too long or it'll be another 20 years before you her your investment back.

 

Which suburbs are classified as the Southside?

 

COVID has actually resulted in record tourist visitation in some QLD regions as people chose to explore lesser known areas of Australia due to the closure of international borders.

So the pandemic essentially raised the profile of many QLD tourist towns that became very popular road trip destinations (Tweed Heads to Yeppoon).

Obviously some regions and specific businesses within other regions that are too far for road trips and/or primarily rely on international tourism have been hard hit though (Airlie Beach to Port Douglas and some businesses on the Gold Coast and Sunshine Coast).

Regardless of the above though the post COVID world will continue to be shaped prominently by the desire for lifestyle and natural environments and thus QLD is better positioned than any other state to capitalize on the most significant global trend that has fundamentally changed the human psyche in terms of where and how people will choose to live.

 

I'm interested in your reasoning why migrants would choose Queensland now instead of NSW/Victoria? What's changed the mindset of these migrants in a post covid world shunning Melbourne and Sydney?

To be fair the only migrants I have seen go outside the capitals are those that are forced (overseas trained doctors that must work in regionals)