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Queensland the only state to experience investor lending growth

Discussion in 'Property Market Economics' started by gman65, 17th Sep, 2015.

  1. gman65

    gman65 Well-Known Member

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    Looks like investor growth in QLD is growing, whereas the other states the APRA effect is kicking in..

    http://www.domain.com.au/news/queen...ance-plunges-everywhere-else-20150917-gjnrny/

     
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  2. York

    York Finance Broker Business Member

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    GO BRISBANE!!! :D
     
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  3. Leo2413

    Leo2413 Well-Known Member Premium Member

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    GOOOOOOOOO Brissy!!!!!!!!! You Byutay!!
     
    Last edited: 17th Sep, 2015
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  4. Bran

    Bran Well-Known Member

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    What they said.
     
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  5. JDP1

    JDP1 Well-Known Member

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    Everyone stop hyping brisbane - that's my job :)
     
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  6. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    This forum will ensure Brisbane does well just as a result of all the posts (and readers) ;)

    With that in mind...


    [​IMG]

    GIDDY-UP!

    Enjoy the ride.
     
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  7. jaybean

    jaybean Well-Known Member

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    [​IMG]
     
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  8. Redom

    Redom Mortgage Broker Business Member

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    Haha not surprised. Had like 75% of my contracts in August for purchase be in QLD. Plenty of Sydney investors purchasing up there.
     
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  9. Kangaroo

    Kangaroo Well-Known Member

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    Hi, Fellows, do not get too excited about Brissy yet. Interstate investor activities are only a small portion in Brissy. It is up to the Brisbane people to finally stir up the huge wave.
     
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  10. wombat777

    wombat777 Well-Known Member Premium Member

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    What proportion of that in Logan?
     
  11. sash

    sash Well-Known Member

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    Great question?

    The Brisbane market will move significantly once the locals jump in also...signs are there already...
     
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  12. Plucka

    Plucka Well-Known Member

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    Every time I see an thread on Brisbane it seems Logan comes up. Is Logan being hyped to those not in know or something? As a local Logan is one of the last places I'd be looking.
     
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  13. blackenator

    blackenator Well-Known Member

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    I think logan is getting a lot of hype due to the yield and the amount of publicity that section is getting from the media. I watch ypyc on foxtel and Margret Lomas almost every week mentions how good Logan shire is atm for investing
     
  14. Redom

    Redom Mortgage Broker Business Member

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    I don't know an exact percentage in Logan, i don't really know the area very well and don't spend too much time on analysing where clients are purchasing.

    But i'd say ~10-15/20-25 contracts were in a 5-10km radius around Logan. Purchase price and yield makes it accessible to most.
     
  15. EN710

    EN710 Well-Known Member

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    WAIT! Let me finish one more purchase. Then I'll join the ride
     
  16. sash

    sash Well-Known Member

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    Yes...the locals in Brisbane will not touch it....should be interesting when the Sydney fascination wanes...

    It is like the conversation about Mt Druitt in Sydney...lots of people think it will keep going. Have a look at the fundamentals based on the last 2 cycles.
    Logan is a big area....but in Woodridge, Kingston, Logan, Logan Central, Loganholme, Marsden, Crestmead....over 80% are specufesters.....the better parts of Logan...Springwood, Drewdale, Underwood..have high portion of owner occupiers.
     
  17. Bran

    Bran Well-Known Member

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    Yup. I'm a local and won't touch it (except one area that I won't talk about).

    My concern is that it is the 'mortgage belt'. If unemployment goes up, interest rates go up, someone lets go of helium balloons, whatever, Logan will be hit hardest.
     
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  18. Hanison

    Hanison Well-Known Member

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    Can someone indicate a point in time where unemployment was rising at the same time as interests rates ?
     
  19. JDP1

    JDP1 Well-Known Member

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    If underwood is a better part of Logan, then I'd rather invest in druitt/St Mary's etc...no kidding.
     
  20. gach2

    gach2 Well-Known Member

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    If unemployment goes up - less chance of locals buying their own home - hence renting is an option (more tennant supply)

    Interest rates goes up - less chance of locals buying their own home - hence renting is an option (more tennant supply)

    Logan - people on centre link wont loose their benefits - so tennants still have same spending capacity but more to choose from

    No im not really being serious but yea atm i think logan is sort after by many people based on yields and affecting serviceability of mortgages, I think its one of very few places in Capital cities where it is possible to find a house that is neutrally geared with a very minimal deposit
     
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