Where would you buy right now?

Dwellings vacant tends to be a leading indicator, use the slider to view 07/08 "as it was". Vacancy rate up 100%.

No misunderstanding, just a different interpretation but thanks. Blue bar = dwellings vacant. That's a revelation.

How would you interpret Inner? What about the rest of the data? Did you check out migration statistics/population growth? What is driving fundamentals, it's July 2016 and there are a lot of suggestions to buy Brisbane but there's little to back it up it with...just hubris, noise and a broken HTW property clock.

 

Put in an offer on a place in Hobart today

 

Suburb? We just missed out on a North Hobart terrace so back on the hunt again. Looking to spend 3 months down there over summer to renovate and hike in the SW but there's so little on the market. Will be our first purchase since hitting SE QLD in 2012, had the leverage but lacked the kahunas to play in the Sydney market.

 

Sandy Bay but we are looking around North Hobart and West Hobart as well. 3 months in Tassie sounds awesome. I could love down there more permanently and may be an option for us in years to come.

As for hiking. I really want to check out Federation Peak. One of my little objectives in upcoming years

 

Nice! That's our rough plan too, to at least have it as an option. Federation Peak is beautiful from afar, haven't been up there as it's a bit of a scramble, I think your hiking might be a little less leisurely than mine.

I've been loving looking through these photos by David Noble, some classic Aussie hiking. Not a selfie stick to be seen.

Tasmania75

 

Probably going to get busted by the off topic police but last time I was there took some pics on a little winter incursion into the Overland Trek

Tassie Touring

 

Is anyone buying outside of Australia?
It's just that there can be reasonable savings ?
On my last purchase I saved about $1m in the first year (stamp duty and land tax )



Thanks in advance.

Mitch[/QUOTE]

 

...and offer accepted

 

Well done @radson , hope it all works out.

 

Thank you so much. We are really happy with the result

 

I'll be looking to go again in Perth in the coming months - I work in the New Housing sector and have access to a lot of land which is getting cheaper and cheaper. Putting home and land packages together I'm finding Positive cash property is becoming more frequent now. A bit of work around the place with faster more accessible public transport to the city will help certain areas with growth in my opinion also.

 

Is the land infill or boundary sprawl?

 

Congrats @radson

@Leo2413 and @HUGH72
Which suburbs in particular would you recommend for BNE, ADL and outer MELB with decent land, budget of 250-350.
And reasons why?

Thanks
B

 

To be honest the 250-350k markets are generally not something I look into much or invest in as its not stock I need for my strategies.

If I had to make a guess, I would probably look at Adelaide, buy something in a decent location with room to add value so you can extract equity asap and reinvest. Market cycle in Adelaide seems to be at a decent part of the property clock as well. But definetly I wouldn't just rely on market movement, I would be buying something I can add value to from day one. I would forget BNE because for that budget you'll be buying something that you may have to wait a very long time for growth.

 

The property clock was a bonus. It indicates that despite good gains already in BNE, that HTW believe there are a lot more to come. That is why they put it back. And those that are actively buying now e.g. most visitors to the forum, would be happy about that.
BNE is the favourite on this forum, and that counts for a lot. Investors will drive the prices up albeit more slowly than in previous cycles. When the economic position improves, that's when we will see the big gains on top of the gains from investor demand. Infrastructure investment is coming and indications are the economy is not going anywhere except up.
BNE is Australia's 3rd biggest city and the catch will happen. Although not as immediate as previous times, history will repeat. Just over a slightly more extended timeframe.
Now is the perfect time therefore to be shopping in Brisbane for those that haven't already bought in the last few years.

 

For BNE I would recommend Deception Bay at your price point.

 

Thanks @Whitecat
Reasons why?
Drivers? Ripple? Prox to cbd? Transport? Other?

 

For me at that budget it would be a tossup between DBay and Caboolture. Caboolture has the local infrastructure and access to an express train (although you may not get so close to train station with that budget - would have to check, although driving to the station wouldn't be an issue).
Deception Bay is gearing up for development of high rises near the water - you can see the concepts/DAs etc. Get a house within walking distance now.
New trainline in to Kippa Ring is a growth driver. Now it will be much easier to get to the bay.
And Dbay will be lifted by the rising tide of Brisbane which is sitting at historically low values for the 3rd biggest city in Australia.

 

So the TLDR version is something, something, something... just buy because that's where everyone is buying?

Like most I believe that longterm fundamentals are good for BNE. I've been through two cycles, feel I know it fairly well and I'm perfectly happy sitting on 25-30% gains across 3 inner ring properties (Northside so you would approve). BUT... I made those purchases in 2011-12 and haven't even started to add value, the rental market is about to force my hand with one of them. Of course I'm confident long term and that's also why i have no need to play the spruiker.

Take your Deception Bay recommendation for e.g..

- Infogram, charts & infographics

3rd highest percentage of investors in QLD. If you like tide analogies, watch what happens when it goes out. 38.7% investor owned, 637 properties sold in the last 12 months. Seen it all before in 2007, this is a milder version but it'll have the same outcome. Revisit this thread in 12-18 months. Even the zeitgeist of the media and various threads on PC show a marked change in general sentiment (credit enviroment, buyer confidence, renewed interest in the ASX etc etc)

I'm no bellwether though, back to hibernation.

 

I am very confident long term Tyler. I am not surprised you have done so well on the northside - a solid zone.

The correct TLDR version incorporating all my points is. 1. Investors like BNE right now, that is bringing rises. 2. The economy is on the up. 3. Property valuation experts believe rises are yet to come (not just HTW, BIS Shrapnel and others). 4. huge infrastructure massively changing Brisbane. Cross river rail, Metro, Queens Wharf. Roma Street (eventually). These are massive changes, without understatement. 5. History will repeat as its the 3rd biggest city. It has to catch up, and it will. Long run graphs show that cycle. Even with soft rent the yield is great for a capital city.


Just walking around the Queens Wharf precinct now at lunch comparing the plans to in vivo site inspection. Its going to be amazing.