Why Hasn't Brisbane BOOMED

Discussion in 'Property Market Economics' started by MTR, 28th Dec, 2016.

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  1. Angel

    Angel Well-Known Member

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    I haven't been looking at values of acreage properties and other houses larger than mine, only 3 bedrooms and within 1.5 klms. I've tried to buy a few older 3/1/2s nearby to renovate but always been beaten. You could buy a house like ours a few years ago for $360K although just before the GFC my next door neighbour (2 story) got $470k for hers, very similar to mine. The same ones keep going back on the market every few years. I think they might have drainage or termite issues. Ours has historically been the same value as the Brisbane Median, same for the house at NL.
     
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  2. Angel

    Angel Well-Known Member

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  3. RetireRich101

    RetireRich101 Well-Known Member

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    Murarrie 506k-600, 18.6%
    Tingalpa 440-498k, 13.1%
    Manly 612-790, 29%
    lota 522-590, 13%
    Birkdale 470-534, 13.6%

    Thornside might last transcation below 50

    Manly is much higher increase that Wynnum West.. are there new home skewing the data?
     
  4. RetireRich101

    RetireRich101 Well-Known Member

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    must be only South Penrith closer to 20%...the others are no where near. I was asked not to compare Mt Druitt and Logan
     
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  5. Angel

    Angel Well-Known Member

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    Manly has the boat harbour, the restaurants and lots of divine homes, both classic and new. Wynnum West is, well, west. It has nothing going for it.
     
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  6. RetireRich101

    RetireRich101 Well-Known Member

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    I confess, when I keyed in Eaton Hills, I was thinking it to be Everton Hills..just googled it now I know where it is...
     
  7. Angel

    Angel Well-Known Member

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    This is fun. I'm going to bed.
     
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  8. bob shovel

    bob shovel Well-Known Member

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    I think the Kingswood Werringtons are probably a better comparison :)
     
  9. RetireRich101

    RetireRich101 Well-Known Member

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    me thinks, as to Browns Plain, Marsden, Heritage Park, Loganlea.
     
  10. kierank

    kierank Well-Known Member

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    Happy to get 6% to 9% each year in non-boom times. Can't wait for Brisbane to BOOM.

    Have owned Mansfield for 25 years, Runcorn and Wynnum West for 13 years and Cooper Plains for 8 years.

    May the good times continue or may be, get even better :) :).
     
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  11. RetireRich101

    RetireRich101 Well-Known Member

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    so we have the following suburbs with top gains ( 3 years)..
    30%+ New Farm
    25%+ Mansfield, Manly
    20%+ Runcorn, Sunnybank, Wavell Heights, Logan SES suburbs..​

    I think I had my dose of stats for tonight. offer closed, unless you think there is a suburb that has more than 30% gain in 3 years..
     
  12. dabbler

    dabbler Well-Known Member

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    Yes, there is skewing going on all over the place, Thorneside is probably same as Manly, Lota and Manly very similar, but Lota lot of old places being demo and split, also a fair few old fisherman cottages/shacks, Manly has already had a lot of newer places going up and is generally newer places, Wynnum is sort of a mix of Manly and Lota.

    Also when comparing, Wynnum is different to Wynnum West, the later you would compare with Manly West. I watched Tingalpa do over 10% in a year, this is for the lower end of the market.

    All along the water and around the stations is probably best, I can feel the cool breeze now :)
     
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  13. RetireRich101

    RetireRich101 Well-Known Member

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    just comparing a number derived by the last 3 years... not comparing any geographical.

    which year did you see Tingalpa going up 10%? how are you monitoring those? are you monitoring the low end for the suburb? Could it be the high end had 0% increase while low end had 10%+ increase which offset the median....if the case how many of the low end compared to high. Tingalpa shows about average 110-150 house transacted per year.
     
  14. dabbler

    dabbler Well-Known Member

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    I was looking in 15, looking at similar type/size and age of property, but you could buy plenty of shacks, or old fibro places done up, or odd blocks with old houses, many of the weird ones stay around, probably till an investor got them.

    they went pretty fast if decent
     
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  15. Whitecat

    Whitecat Well-Known Member

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    Didn't you buy in MB?
     
  16. bob shovel

    bob shovel Well-Known Member

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    ..

    So. .. from my brief research and statitising
    West syd i mentioned were flat but went
    4, 4, 11, 14, 21%
    So the logans and co may have the "boom" around the corner or just continue with nice steady cg over 5 years instead of syds 3
     
  17. sash

    sash Well-Known Member

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    yep 4
     
  18. bob shovel

    bob shovel Well-Known Member

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    @RetireRich101 DB should be compared to mt druitt and Logan can be penrith! ;)
     
  19. Whitecat

    Whitecat Well-Known Member

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    I like MB as you know but it's not unpopular with Sydney investors.
     
  20. Sackie

    Sackie Well-Known Member

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    @bob shovel been laying pipes at the Westconnex and calculating how much profit he'll be making which will be massive knowing what his prices are like...:D
     
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