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Where to buy 2016?

Discussion in 'General Property Chat' started by Daves2074, 28th Dec, 2015.

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  1. Daves2074

    Daves2074 Member

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    With a 5-10 year view, what would be peoples preferred capital city housing market to buy in 2016?

    My thoughts are Bris with Hobart and Adelaide a fair way behind.
    Perth should be good buying in 17/18.

    I already have a fair exposure to both Sydney and Brisbane and land tax is a consideration if buying in Bris again....weighting up if Bris with land tax still comes out ahead...
     
    Last edited: 28th Dec, 2015
  2. Leo2413

    Leo2413 Well-Known Member Premium Member

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    This would be my order:

    1. Brisbane
    2. Perth
    3. Adelaide (maybe)
    4. Sydney (if the deal was amazing)
     
  3. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    For me... the looking at just the city level is too high... markets within markets and all....
    So maybe:
    Brisbane - Stones corner area, townhouse or house. Or in any case, Inner city and East towards the bay. Note, other places may and will do perfectly fine too. Stay out of flood zones.
    Adelaide - i'd consider buying a house to somewhere in the West towards the beaches (avoid aircraft noise) or to the South or very inner North
    Melbourne - Inner ring but not CBD apartment. Of course it won't be cheap, but long term outlook :)
    Hobart - my gut feel is that the city is too small for me, but Battery Point should hold up if the economy does well.
    Sydney - a terrace near Surry Hills and Redfern/Alexandria would be nice... but budget 1mill or more needed...
    Wollongong/Newcastle have boomed too alongside Sydney already. I'll say no.
    Perth and Darwin - I don't know anything so wont comment
    Ohhh.. and I forgot Canberra! Sorry to all Canberra residents. Not sure to be honest. Market is very government driven.

    If you know of areas that are proposing higher density land usages... check them out... Generally those areas should do better than most imo if the higher land usages come into fruition. If you know of any areas undergoing this... PM me! ;)
    Seeking town planner advice might be the go.

    Of course do your due diligence...
     
    Last edited: 28th Dec, 2015
  4. HUGH72

    HUGH72 Well-Known Member

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    For starters anywhere that hasn't grown 20-30% in the last 2 years.
     
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  5. jpcashflow

    jpcashflow Well-Known Member Business Member

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    I think looking at states is to broad, you need to look at individual suburbs in each state.
    There are pockets of Adelaide and Melbourne which will show some attraction, Brisbane I still think its a overrated market.
     
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  6. Azazel

    Azazel Well-Known Member

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    Capital city?
    Brisbane and Canberra.
     
  7. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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  8. Barny

    Barny Well-Known Member

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    2016 I wouldn't buy anywhere and hold out.
    2017 I would reassess the economy and states.
    2018-19 if all is good I'll buy in Melbourne.
    personally I like melbourne. Adelaide has good returns but I wanna wait and see what's gonna take place
     
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  9. Leo2413

    Leo2413 Well-Known Member Premium Member

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    @Azazel
    There's money to be made in Canberra...? :D

    only jk so Canberrians relax. What markets in Canberra atm would be good to look at?
     
  10. Whitecat

    Whitecat Well-Known Member

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    Why?
     
  11. See Change

    See Change Timing Lord Premium Member

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    If you buy in a trust fund in Q'land , you get a new threshold for each trust .

    At one stage we had 15 , and no land tax .

    Cliff
     
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  12. See Change

    See Change Timing Lord Premium Member

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    Could it be because Melbourne and Adelaide are closer to Melbourne's west so are more familiar to someone based there ?

    Cliff
     
  13. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide: In 2016 we hope to buy a ppor in the west or north west and an IP or 2 likely in the deep south. I monitor whole metro though, just depends on what comes up.

    Already have stuff in 2 other states plus north of Adel and don't wish to add to those quotas.
     
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  14. Xiao Hui

    Xiao Hui Well-Known Member

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    What about regional towns or cities? Any good take?
     
  15. big max

    big max Well-Known Member

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  16. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    The Northern part of the Central Coast will soon boom...it still has a lot of CG left.

    1 hour from Hornsby..90 mins to Sydney CBD.
    Those that cannot afford Sydney are moving there and commutting.
    Areas such as Lake Haven..Gorokan..charmhaven..San Remo.
    Houses still in the 350k range...watch them go over 400k by 2018..maybe even by 2017.
     
  17. radson

    radson Well-Known Member

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    Im quite tempted by Hobart. Super low vacancy rates, relatively high yields, a long time since last growth spurt. low AUD helping agribusiness, tourism and education, NBN and its a defensive play as it is a city (town) that never went through the mining boom.
    The thing though that kills me about Tasmania is that whereas NSW had net 31,000 people move in last quarter, Tassie had 8.
     
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  18. Bran

    Bran Well-Known Member

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    8 people? Or 8000?
     
  19. radson

    radson Well-Known Member

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  20. Bran

    Bran Well-Known Member

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