QLD Why buy in Brisbane

My tenants wont put their dog, baby and cat in an apartment. And they like a bbq. Apartment living suits the old and young but not yet families.
That aside, with a 450k house you can generate some options. With a 450k apartment you cannot d anything with it to add real value.

 

I am not convinced we are at the bottom yet for apartments.

 

I rented out my apartment to a cat owner and have a BBQ in the courtyard. I think the majority unless they have multiple kids living with them would prefer a well located apartment particularly the younger generation.

 

I would say most family demographics won't opt for apartmwnts- not as their first pick..but this is changing. It's a gradual shift to more diverse groups including families and OO buying more of these.

 

Definitely not as first pick but when you can get your kid into ascot state for 400K that may be preferable to a school in Logan to have a house especially if only having one child. Indian families already seem happy with apartments

 

not everyone thinks like a property investor only

 

As do other families of immediate south east Asian and European metropolitan origins. One reason for that is that it's much more common there for families to live in apartments eg London, hk, Mumbai, also NYC, Chicago etc.
However...Brisbane is nowhere near any of those. In third tier cities eg Tampa, Florida that have a fair amount of land available, houses and townhomes are still targeted as first preferences by families, assuming location is decent (even if it's not blue chip).

 

Australian house prices aren't growing as fast as they used to, except in Sydney

Looks like ADL has not been too bad comparing to Brissy...?

 

I totally agree but 450K for a house won't be a nice family house anywhere in Brisbane near to the city

 

11% in 7 years is still terrible though... its not even inflation.

 

does that make brisbane 6.6% horrible?

 

Yeah..likely 450 house within 10km will requirr major works yo be done.

 

Hopefully recent past performance won't reflect future performance. But now with the weather situation prices might be affected again as a few buyers may decide Brisbane might not be the place to invest.

Course of action:
1. I reckon pull equity now from Brisbane while properties are still valuing up isn't a terrible plan, and
2. Buying now or in the next 1, 2, 3 months or so in Brisbane isn't a bad plan either while a few other buyers may get cold feet.... as always with Brisbane, avoid flood prone areas.

 

Most cities have had anaemic growth 2010-2017 except Sydney and Melbourne. Red dot in the third image shows whenabouts I reckon I bought my ppor....