Why Hasn't Brisbane BOOMED

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

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  1. HUGH72

    HUGH72 Well-Known Member

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    I would hold for as long as cashflow allows, 5-6km from CBD. It will continue to increase in value by far more than the land tax bill.
     
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  2. Rolo

    Rolo Well-Known Member

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    House and land. I did landscaping myself to save a few bucks. We saved a bit with first home buyers grant and $30k in rebates
     
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  3. MTR

    MTR Well-Known Member

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    Nice:)
     
  4. MTR

    MTR Well-Known Member

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    OK Guys back to this thread, for those investing in this market any changes, are there markets starting to hot up in Brissy????????


    MTR:)
     
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  5. wombat777

    wombat777 Well-Known Member

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    Brisbane need to try and emulate the success of Sydney. Macquarie Park and Norwest Business Park are good examples. Norwest Business Park was bagged when it was first created but it is doing well now. Thankfully transport links are being completed which is accelerating economic and residential growth.

    That means establishing employment zones and opportunities very close to where people want to live. Good transport infrastructure is also needed. This will also require government initiates to attract employers.

    To a significant extent political pork barrelling is required. Adelaide is a good example of this due to the large Defence Industry now located there.

    The three Sydney districts generating a quarter of Australia's economic growth
     
    Last edited: 2nd Mar, 2017
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  6. big max

    big max Well-Known Member

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  7. Yllenk

    Yllenk Member

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    Flight Centre, Dominoes, Tatts Group, Suncorp, Star Entertainment... just a few more off the top of my head. Brisbane is full of big business. Only a matter of time until more companies relocate their head offices to Brisbane and cash in on the lower overheads (commercial rent and wages) and a truly international city (Brisbane has just as many direct international flight paths as Melbourne).
     
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  8. Lacrim

    Lacrim Well-Known Member

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    Possibly, but hasn't that always been the case- that Brissy is cheaper than Mel/Syd?
     
  9. Yllenk

    Yllenk Member

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    Yep and that's why more and more global companies are progressively opening offices in Brisbane, as opposed to just Sydney and Melbourne. The market can sense this shift and that is why we are seeing international professional services firms opening offices here to service these clients (for example, Clyde & Co, White & Case, Jones Day, etc).
     
  10. Kangabanga

    Kangabanga Well-Known Member

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    just had a quick look, Clyde & Co. has offices in Sydney and Melbs CBD too, which means business must be booming there too. I'd be more convinced if they shut the offices in Syd/Melbs and moved to Brisbane only.

    IMHO its just a natural expansion of business from Syd/Melbs to Brisbane. Nothing to be too excited about. After all the stock exchange and all the big money is still in Sydney.
     
  11. Yllenk

    Yllenk Member

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    Well that's my point exactly - businesses are expanding from Syd/Melb to Brisbane, bringing jobs to Brisbane. Not suggesting that Brisbane will necessarily take jobs away from Syd/Melb
     
  12. Wagyu brisket

    Wagyu brisket Member

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    Last months negative growth has been swept under the carpet just like that qtr last year..

    Inner north/south will be strong and gradual but the 12km+ surrounds imho is investor/speculator driven.

    Im still shocked at the number of threads of people across the border who are following the herd/FOMO based solely on "cheap" price in relation to syd/melb. Grey ghost made a great similar post.

    Reccomending kallangur/keppera and surrounds when they've already had their 'best' growth spurt is spruikism at its finest.

    Well done to the smart ones who got in 3+ years ago.. Better deals elsewhere unless you have "inside" contacts or happy with CPI growth.

    My 2c
     
  13. Gockie

    Gockie Life is good ☺️ Premium Member

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    Smarter ones still had their money in Sydney and Melbourne.
     
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  14. See Change

    See Change Well-Known Member

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    Another , we locals know better than all you outsider posts

    Everywhere we've bought , I've seen them and yours will be wrong as have all of the others.

    In the last three years we've had much better growth in our Sydney properties than any one has had in Brisbane . Sold most in Sydney recently .

    So now we're bought in Brisbane , mainly in unfashionable places that brisbanites dismiss . We did very nicely in the last cycle in unfashionable places and we're already up 15-20 % and close to cash flow neutral which you generally won't get in " nice " areas .

    Spot on Gockie .

    Cliff
     
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  15. dan2101

    dan2101 Well-Known Member

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    I recommend keperra as other members recommended it a couple of years ago when I purchased and I've done well. I did my DD, found it was undervalued when compared to other suburbs of similar distance from the CBD with a train line and good amenities and thus purchased. It's done just under 8% in the past year (2.5% last quarter) and doesn't seem to be slowing down. Days on market is currently 22 days. Can you please provide the link that says it's had its 'best' growth spurt. Once you've done that I'll stop mentioning it I promise.

    Please clear this up for me. Keperra is 10kms from the CBD but you just said it was being spruiked. I'm confused.
     
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  16. Jacque

    Jacque Jacque Parker Premium Member

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    To the OP.... because it's too BLOODY HOT up there :D:D:D
     
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  17. JDP1

    JDP1 Well-Known Member

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    U
    It's factored into the price..this is why Brisbane is much cheaper.
    However, it's changing (at a reasonable rate although not very fast) especially with respect to businesses as above..and that too is one reason why Brisbane prices have increased (but not fast either)..
     
  18. Perthguy

    Perthguy Well-Known Member

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    Brissy in Winter and Tassie in Summer? :)
     
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  19. Jacque

    Jacque Jacque Parker Premium Member

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    Ah yes now you're talking @Perthguy though Sydney and Perth definitely have the better temperate climates, if you ask me. Have lived in Brissy for several years and enjoy it for holidays (and visiting IPs) but otherwise the heat is just too much for me now I'm afraid....
     
  20. JDP1

    JDP1 Well-Known Member

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    Correct. obviously Syd/Mel will fight tooth and nail to keep their business. Unlikely Brisbane will take anything of significance from south.. But yes, will likely be attractive for new business or expansionary plans.
    If Brisbane does take business away from Sydney/Mel (unlikely), if it's of any signicance, it has the real potential to put brakes on price growth down south. The main thing keeping the southern caps afloat and doing well despite its valuation is jobs... Without that, people will look to drop it fast....