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QLD Vs VIC

Discussion in 'Where to Buy' started by Be Developer, 26th Aug, 2015.

  1. Be Developer

    Be Developer Property Developer Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,078
    Location:
    Australia
    QLD (Brisbane Market)

    Pro:
    • cheaper to get in to property game
    • house on bigger block with decent price
    • infrastructure somewhat under developed compare to nsw, vic,etc
    • tourism economy
    • water views / mountain views in most area
    • Lifestyle properties
    • affordable properties
    • lower stamp duty then VIC

    Cons:
    • Historical growth story isn't same as NSW,VIC
    • not land locked
    • Weather issues (flood, storm)
    • most demo graphics prefer living on freestanding house on bigger block
    • average income is lower than Sydney,Mel market.
    • somewhat mining economy
    • Higher contribution charges for property development.
    • Higher council ,insurance & Utility Rates


    Vic (Melbourne market)

    Pro:

    • smallest state in country
    • limited land around metro area
    • pro-development government
    • Barista economy
    • Tourism, international student, manufacturing economy
    • govt is committed to spend money on infrastructure
    • good zoning for property development
    • lower cost for property development contribution
    • still affordable properties
    • local and domestic migration.

    cons:
    • fear and/or actual over supply for some products
    • lower wedge compare to Sydney
    • Higher stamp duty!


    This is my view only, please feel free to add/omit your opinion.

    i have number of properties in both states, so love to hear your thoughts!

    (i am sure Brisbane lover will jump all over this.. but go figure.. more the merrier):)
     
    Last edited: 26th Aug, 2015
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  2. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Location:
    Sydney
    I think both states will have good opportunities. Often I have found it really comes down the numbers, specifics, pros and cons of the actual deal its self your looking at that makes most of the difference, and not so much the wider data, within reason.
     
  3. HUGH72

    HUGH72 Well-Known Member

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    Location:
    FNQ
    The thread title is Qld vs Vic yet your comparison is between Brisbane and Melbourne. Brisbane isn't a 'city state' like Melbourne if you know what I mean. As many people live outside of BN as in it and this is a major difference, if you take tourism which was one of your examples Brisbane is not overly reliant on it while for much of Qld its more important.
    In terms of the relative merits of each it comes down to the actual opportunity itself. Intertstate migration flows historically swing wildly, you just have to look back to early 1990s recession to see this when the Victorian economy was probably the weakest in the country. Likewise the Qld economy has also been weak in the last few years.
     
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  4. Be Developer

    Be Developer Property Developer Business Member

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    Location:
    Australia
    @HUGH72

    You right abt thread title.. Should have it changed!
     
  5. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    9,033
    Location:
    Sydney
    Vic - Pro
    Spouses can transfer between each other at full market value sales without stamp duty
    Trustees could transfer property to a beneficiary without stamp duty
    main residence land tax exemption if certain beneficiary of a discretionary trust living in the property as a main residence

    QLD - Pros
    Higher land tax threshold
    Ability to get multiple land tax thresholds using multiple trusts if structured in a certain way
     
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