Where to buy 2016?

Good post

But I still believe its far too early to be jumping into the Perth market, even low balling, as there is still going to be significant pain. We are facing many job losses, 10,000 last month. In saying this certain areas on the southern corridor, good/improving infrastructure, land locked is holding very well and I see this as having future potential for growth.

I am going to stick my neck out and don't chop it off, but I consider Melbourne to be the safest and best market to play in - 2016. Lower end, close proximity to CBD, house on decent land component or go East further out, same house on decent land.

Areas I am focusing for developing is now East and this market is very strong at the moment, loving entry levels, and loving end values. Perfect storm IMO

MTR

 

I think that you may be right @MTR about Melbourne.

 

good points - it will not be just a hold and wait for market forces, you actually have to be creative, airbnb, renovation, devs etc. see you got 2 different markets on melbourne. i don't know abt geelong - there isn't really much going on in terms of job wise over there. i have links to state gov and it doesn't seem they will be injecting much into the area. So hard to see how job creation will occur.

i know lots of ppl like comparisions with sydney or brisbane but what works in sydney may not necessarily work here in melbourne. Docklands in melbourne was modelled out of darling habour but look at the differences in growth. Melbourne ppl generally do not travel too far. I remember guys at previous workplace who used to be based in geelong had to move closer to work as it was just too far out.

i do like your strategy where you slowly accumulate new land lots at great prices and use volume builders to build. Good price on dennis family homes though i heard burbank is coming out with specials soon.

 

agree - made a mistake going west 2 years ago by having multiple IPs as oppose to holding just 1 in the east. east in melbourne still wins hands down

 

We're currently in the frame of mind of Hobart this year, Perth in 2017 and see how NSW is looking in 2018

 

In saying this I believe its been flying under the radar for quite some time on PC. I think the focus has been lower entry QLD/Bris,

Bit like when GFC hit in 2008, Melbourne was the only booming market in Australia and many investors completely overlooked this

 

the only thing I would consider is now that Syd is falling if we do see continued falls, down cycles last a lot longer than booming cycles. Personally I would not be in a hurry to jump in, its generally a long time between drinks... just my opinion/observation.

 

True - there is similarities in property market aus wide but some behave differently, been comparing a lot of suburbs across melb, sydney and brisbane. Some should pickup but there are also so many other external or internal factors that affect the price. Like 50kms radius is nothing in sydney but it is considered far in melbourne.

 

Totally agree

 

yup..and 50km in Brisbane is considered another state!

 

I just saw that too.
On their 'Top 10 Cities to Watch in 2016' list.

 

No one mentioned Logan? I'm still a newbie and as there are so many other threads about Logan so just a little surprised. Aren't any of the experienced property investors investing there? Or is it a hyped up trap?
I'm assuming that when people mention Brisbane here it doesn't include Logan.
Cheers.

 

I was looking at it a couple of years ago, had some offers in and didn't end up proceeding as better deals came up elsewhere. I think the horse has bolted now.

 

Where is point number 6.

 

There's a whole range of lower Brisbane suburbs that offer potential .

There is a lot of people here who focus on Logan and in reality it's only just got back to where it was at the peak of its last boom . Mt Druitt came close to doubling from the peak of its last boom to its recent peak ....

People on the forum have been picking up properties in Logan for at least a couple of years .

Cliff

 

You have to pay for that.

 

Thanks mate....I got a quote off Burbank also...they are a lot more expensive now...about 6k more.

When are they coming up with specials?

 

Low end in Melbourne means under 450k.

Werribee and Surrounds has suddenly taken off....I have been getting a few calls from agents asking if I would like to sell. In chatting to then...they all say the market there is very strong.

 

Melbourne is a great market has been for some time, go you beautiful thing

 

Should look in your backyard also.

10 Perth suburbs set to take off in 2016