Understanding Brisbane

If Sydney comes down another 15% it becomes more affordable. So Brisbane boom becomes questionable as Brisbane historically moves based on median price ratio in between Sydney and Brisbane. Historically, Syd:Bri-2 is good ballpark figure. In 2018 it reached now returning back to 1.8 level. If it touches 1.6, don’t think Brisbane is super attractive as it before. 2009 Brisbane boom happened due to mining boom, etc... including Syd:Bne ration being around 2 mark.

 

Hi Jana . Check the historical data and you will see the only times Sydney’s median has even been 2 times Brisbane’s since 1970 was in 1999-2003 and 2015 and beyond . In fact in 2008 Brisbane’s median was $420k and Sydney’s was $540k and generally the gap was rarely been 2 times or more . The gap is definitely wide enough now even with another 15% drop to encourage people to sell in Sydney and buy in Brisbane especially with a strengthening employment market (the interstate migration numbers are already showing this is happening ).

 

I think I didn’t clearly write. For Brisbane to chase, Syd:Bne ratio to be near 2. Currently it returned back near 1.8, it could reach 1.6 region in few years time. So Bne doesn’t need that boost to chase Sydney as it happened before. That is the point I wanted to make.. When Syd:Bne region price sits near 1.2 ratio, this the time Sydney to bull which happened in 2012-16.

 

I only need an IP in one of those for a trifecta

 

Domain posted this today Brisbane's most affordable suburbs by proximity to the CBD

 

26 Henderson Street, Camp Hill, Qld 4152

Got sold for bit over $2.1 million today - Go Brisbane!

 

HEADLINE: Property boom forces nation's hipsters to relocate to final frontier of Australian culture, Brisbane

 

There are areas where supply is low and demand is high. Like I've said before I've bought a few props over the last 3-4 years in Brissy and I've got at least 45-50% growth.

Can't look at Brissy like Melb and Syd. Need to pin point certain areas and stock types. Imo those who would have done the best over the last 4 years in Brissy are those who invested in houses in inner to middle ring areas with larger land context and add value potential as a bonus . Specifically the 4-8km from CBD. Not everyone's budget would have allowed for that ...but as my dad likes to say ...thats the way the cookie crumbles .

 

“As long as they come up here to work, that’s fine. Our welfare system is already at capacity and there really isn’t much breathing space left to feed ****** artists who can’t cut it in Sydney” says Mr Quirk.

 

And I though Perth was the final frontier of Australian Culture. I was wrong. Brisbane is!

 

I thought it’s was Darwin?

 

NT is not even a State. So not really counted.

 

Hilarious

 

Did a couple of double takes on that article , then realised it was betootaadvocate . Always good for a laugh

Cliff

 

That's very good growth figures! Which areas and what product type did you buy in there if you don't mind me asking?

 

Bought some in Holland Park, Camp Hill, Seven Hills, among other places. All large land content above 800sqm.

 

What areas and property type do you see having the same gains in the next 3-4 years

 

I can rent you my crystal ball if you can manage the fees...

 

I pay for good sound advice!

 

Mate if I actually had a crystal ball id be more than happy to share.

Look at value areas neighboring suburbs which already had alot of growth. homes with add value potential. see what your research digs up.