Why Hasn't Brisbane BOOMED

That's interesting, meaningless information.
Need to understand if it does spike what product is moving, its not an even playing ground.
As per usual all comes down to what is happening on the ground and if you really want to find out the facts its very easy phone the people that are selling and many to keep them honest.
Look at volume how much is sold and how much on the market

MTR

 

But I don’t want Brisbane to BOOM because:

... when it booms, prices will go up

... then my land tax bill will go up (already 6 figures, so will probably go to 7)

... then I will be forced to sell as I cannot hold

... then I will have to pay heaps of CGT

... then the market will peak

... then it will crash (as some will tell us)

... then I will buy in again

... and so the circus/cycle will repeat itself.

So, it is a vote for “No Boom” from me.

I missed my meds last night; I better go and find them

 

Correct. Your very last point will make a big difference I think. It's very well known that Brisbane lacks proportionally large private sector employers. some of it is happening but it is mostly through organic means. We need the givt in particular to drive inorganic growth in this like they have with the fund/ program to attract international airlines to Brisbane.

 

Some areas have boomed. You can’t buy a decent house on a decent sized block in the inner west (Ashgrove, Bardon, Alderley, Paddington, Grange etc) for under $1mil. Ive been looking for months now and won’t settle for a dump that’s falling apart or a block smaller than 700m2.

 

There's a few about. I live in Bardon and there's one in the mid 8's that's a 850m2 double block with an old queenslander on it. But that's my sort of site, one with a lot of value add potential because the whole thing needs more spent on it to realise full potential on both sites. But you're right for the most part. Everything in this area has moved, happy days!!

Cheers,
Michael

 

$1 mil in land tax!? who are you? Harry Triguboff?

 

My friends call me HT .

Oops. It should be 5, then a 6

 

Still super impressive! I will be happy with 5 figures land tax with little or low LVR. I am just spreading to different states with some units to the mix to keep it low atm.

 

I was going to actually just post this. This is pretty much the explanation

 

I thought history was Brisbane after Melbourne not before

 

No idea??

Just shows we should ignore history even where booms start .......its irelevant

Booms in Syd and Melb did not start with blue chip inner city suburbs as per previous boom cycles

Its all about the fundamentals ..... why
Syd started in western suburbs immigration, affordability

Melb - eastern corridors - immigration, schools in right catchment area

 

Sydney house prices are having a huge impact on migration patterns in Australia

 

last cycle Brisbane moved then hobart . Interestingly , given all the positive stuff happening in Tassie , hobart has moved first , also being a smaller market it takes less to move it .

With the Banks starting to loosen the purse stings at the moment , I think we'll see more momentum heading the way of Brisbane and Adelaide .

Cliff

 

No you won't be happy when you are annually hit with a 5 fig land tax. You look at the $$ you have to give the Govt and feel like I should be buying a new car every year. Not keeping my faded colour 6 fig mileage car. Faded glory is only ok if they were jeans.

 

Its just means i would have multi millions worth of land + houses on top of it if i get to that point. In that case, there shouldn't be a issue give the gov a bit of support and buy decent car once in a few years

 

Still worth it getting into Moreton Bay? If so where roughly?

 

I am not interested in what happened in the last boom cycle in Australia, what boomed first, and then what State next its totally irrelevant...something has to drive a boom

I know why Brissy did not boom

 

I think so...I like anything near the water ....

 

There is some relevance....Brisbane inner suburb houses in places like Auchenflower, Ascot, Bardon, Balmoral, Paddington, Morningside, Hamilton are moving very well.....

 

For the record...some on this forum has one in one of these areas and has made 400k in a couple of years.

Is that a decent gain...about 35-40%?