QLD Why Brisbane?

Correct, but don’t forget to cost your 20% deposit and stamps in your numbers.
Otherwise anything could be claimed to be positive if you pay a big enough deposit!

 

is it something like this?

14/331 Gregory Terrace, Spring Hill, Qld 4000
https://www.realestate.com.au/property-apartment-qld-spring+hill-133759106

I’d keep that long term hehehe...

 

That was always my issue when doing up the numbers. There is plenty of positively growth stuff outside of the capital city areas but will they see as much capital growth! I doubt it!

 

In Brisbane you can buy a development site for $500k with a rental yield of 5%.
There is still lot of money to be made in Brisbane it's about understanding what properties are best for renovations and also the suburbs ready to boom. There is also $10bill of infrastructure in the pipeline.

 

Yeah Brisbane, like Adelaide and Perth is 'house with land only' when it comes to investment grade properties (generally speaking).

 

Once you add the Principal component, virtually everything results in you tipping money in. You need a gross rental return of around 8% or more for something not to be topped up each week.

 

Out and about today, and went past 3 OFI on the north side...around 5-6 cars at each. This is peak selling season here, but all looking pretty healthy right now with buyer interest.

 

Sydney and Melbourne are the boom and bust markets that move quickly. Adelaide and Brisbane are slow and steady. Also Sydney and Melbourne residents that want to buy in Adelaide and Brisbane need to factor in that these markets have different geographical expectations of where to buy snd what type of property to buy. An inner city unit in Brisbane and Adelaide are perhaps less desirable than say a house 15km out, for the same price.

 

Dont forget Perth, its now the come back kid
Rents rising and multiple properties under offer, stock is low

 

As long as music like this comes out from the trenches of Mount Druitt then Brisbane and Qld will do very well..

 

Yep in GENERAL, don't buy units/townhouses in Brisbane and Adelaide (and Perth for that matter).

 

Yes, always prefer house over units. Better still, property which can be developed within 12km from city

 

Yeah the "in general" part is right. I have 5 in Brisbane, all houses...but my last one was actually a TH as it had that something special.

 

My grandfather bought in Indooroopilly for 500 pounds. When grandma died her kids sold it for $2.4mil. Explain that OP!

 

And his grandfather before him stole a loaf of bread to earn his ticket here. That's one hell of a trade up - a loaf of bread to $2.4m.

 

The convict my family came from was loaded, he bought his way out and owned half of Paddington in Sydney, plus the land for the Australian museum and Sydney Grammar. Didn’t leave any of it to me though.

Anyway I digress, Brisbane has to boom eventually.

 

Given it was a long weekend we thought the buyer volumes would be lower on Saturday at open homes ... but we found it was very busy out and about! Still huge buyer depth in many parts of Brisbane and not enough homes being listed online to purchase!

 

Could be wrong but Brisbane's rents APPEAR to be going up. Any experiences on the ground re: turnout at inspections etc (FOR RENTALS).

I find agents are useless - always trying to discourage increases. Maybe someone can explain that motivation to me - less work for them in case the tenant moves out perhaps??

 

I have a property about to go on the rental market. I'll be in a position to talk about this soon.

 

How are listing numbers looking in outer-ring north atm (inner and middle-ring is indeed very low) and how is interest in these parts currently?