Why Hasn't Brisbane BOOMED

Yeah, but I'm still cautious - at the end of the day, Brisbane is still a country town. There could be a showdown in queen St mall at any minute...usually at the strike of 12, walk past the buskers, the Mexican in the sombrero taking a siesta outside the saloon.. And there the stage is set.

 

EDIT. As was pointed out by @samiam, RE results are for the whole of Queensland, Domain results are for Brisbane only. So the comparison I mention below is not valid.

Interesting that realestate.com.au's auction results were significantly different from Domain's results.

RE: 42% of 323
Domain: 62% of 110

RE's results do take into account the whole week , whereas Domain's only seems to include Saturday. Still 42% doesn't seem very high to me.

Auction Results Brisbane, QLD - Latest Weekend Results

 

Isn't RE for whole Qld and Domain is just for Brisbane??

 

Yes you're right. My bad. I've edited the original post.

 

RE is for qld as a whole.
Domain is for Brisbane specially.

 

lol, just get the feeling from sentiments and information from multiple sources.

 

Any updates on inner city houses? Any markets moving?

 

East Brisbane has been doing pretty good based on recent sales.

 

Not a suburb I follow but stats support this:

 

Only 3km from the CBD. The value is staggering when compared to Sydney and Melbourne. Its just a matter of time before the gap closes more and more.


East Brisbane, QLD 4169 Sold Property Prices & Auction Results

 

...Timing...

 

This has to happen sooner rather than later. If it doesn't then the longer it goes the more we should all double down, and double down again, and then ride the wave when it comes. You want to be the timing king/queen, then i reckon now is as good as ever. Although i was saying that 2 years ago hahahaha!!

What are peoples thoughts on the preempted growth, will it be a swift move over 2-5 years of consecutive 15%+ price rises as the global economy starts to pick up, we see the rba rates rise and hear stories similar to sydney in last 5yrs , or will it be a longer 10-15 year catch up with consistent 5-10% increases

 

I think the pick up in Brisbane will be solid and sustained over next 5 years, nicely at 6-8%pa. For Gold Coast I see it being sharper in prime areas and similar in more outlying areas.

 

This is always a pretty quiet time of year here (because of the poor weather ) I think it won't be until late July/August will a clearer picture will emerge.

 

I had to laugh a little at some comments on ABC last night from those in Melbourne "I'll never own a house in my lifetime!"..well you could if you moved to SEQ if that is the most important goal in your life. So blinkered..

 

That's because there are only 2 worthwhile places to buy property -Sydney and Melbourne.
If not them, consider international or another asset class altogether... At least 1/4 of population will think this way methinks.

 

Owning a PPoR is not a serious priority for most of the younger generation. If it was , many, many more of them would own units, townhouses and homes over the last 10 years. I don't care what any TV station, report, economist says to dispute that, It is total and absolute bu^^****. I know many people on average incomes who put a deposit down on places during that time because it was a serious priority for them to do it. They worked very hard, budgeted, saved, sacrificed and did it.

I don't care what all the others say about affordability. Its total BS, much of Australia IS affordable.

 

"i'll never own a house in my lifetime" actually reads "i'll never own the house i deserve"

 

Yep agreed. I seriously don't understand the whole thing about the smashed avo, I used eat out during the week for lunch and dinner for my first couple of years working and ate at a cafe once a week and was still able to buy a house(s). I think the main thing is education because thinking back on it, if I knew what I know now, I would had bought properties when I was in uni in 2006 instead of shares. Instead I did end up buying my first one only two years ago.

 

1. Many people want to live in the same cities as their friends and families.
2. TBH Brisbane still has a bit of a way to go to shake off its reputation as a bogan big country town. I know its changed a lot in the last 10-15-20 years but reputations take a lot longer to shift. I've encountered this attitude a lot in Sydney. You tell people you're moving to Melbourne and they nod and look at you as sensible. Tell them you're moving to Brisbane and they pull a face like what's wrong with you.