Why Hasn't Brisbane BOOMED

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

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  1. kierank

    kierank Well-Known Member

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    Both.

    The properties, severely. Especially after that bloody depreciation expense. But then, it is all tax deductible.

    The holidays, a little bit in comparison with the properties. Not a tax deduction but the wife is happy.
     
    kierank, 28th Dec, 2016
    #81
  2. bob shovel

    bob shovel Well-Known Member

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    I'd do anything Perthguy says too ;)
     
    bob shovel, 28th Dec, 2016
    #82
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  3. sash

    sash Well-Known Member

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    The more diversified holding in multiple markets ..large portfolio...and time in the market....the luckier one gets...it won't happen overnight but it will happen....

    End target is $20m gross with 40% LVR......I reckon with buying more properties and growth as per above...I would hit that mark in abut 5-6 years...assuming my personal circumstances don't change...
     
    sash, 28th Dec, 2016
    #83
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  4. Realist35

    Realist35 Well-Known Member

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    Too late for Melburn now Sash? I sort of thought it's close to the peak.
     
    Realist35, 28th Dec, 2016
    #84
  5. sash

    sash Well-Known Member

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    As I have posted before...outer suburbs still going..affordability and migrants driving that market..
     
    sash, 28th Dec, 2016
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  6. Tim86

    Tim86 Well-Known Member

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    Random idea.

    I wonder if the reason Brisbane didn't boom as much, was because of how much Sydney and Melbourne boomed. Did they boom so much that investors had to spend so much to buy in that they didnt have any money left over for brisbane. And then apra tightened lending so they had even less money because they couldnt access any equity. Then there was little asian interest in brisbanr so there was no money coming from overseas.

    Pair this with the mining sector dying.

    All this combined led to less growth than would usually follow the sydney melbourne cycle?
     
    Tim86, 28th Dec, 2016
    #86
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  7. sash

    sash Well-Known Member

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    No...there are always people with money..Brisbane did not get the overseas money as much..and jobs growth is not there..but it has had steady performance in the owner occupier market. I should be pegged to about 60-65% of the median of the Sydney market...Melbourne should be around 80%..and Perth around 65-70% of the Sydney market...
     
    sash, 28th Dec, 2016
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  8. MTR

    MTR Well-Known Member

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    This is my recommendation....search Sash's posts he has mentioned some of these areas, then get on the phone and contact many re agents and ask what is happening, what is moving, what is selling, when did it start, who is buying, what is the sweet point, how long is it taking to sell...... once you have the answers you will be able to work out a strategy. Don't rely on forums, they are good for leads, but that is where it ends, your money, your risk.
    MTR:)
     
    Last edited: 28th Dec, 2016
    MTR, 28th Dec, 2016
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  9. MTR

    MTR Well-Known Member

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    Nope, read the original link, in summary......

    jobs, jobs, jobs.
    immigration/or lack of
    oversupply of apartments effecting over all market
    Mining has gone off the boil

    In fact many members from PC did buy in Brissy expecting a boom, but the fundamentals are not right, that is the issue.
     
    MTR, 28th Dec, 2016
    #89
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  10. ellejay

    ellejay Well-Known Member

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    Investor interest must have driven at least some of the growth in some suburbs...even worse scenario to buy in to if ppl paying too much due to fomo and rents are soft.
     
    ellejay, 28th Dec, 2016
    #90
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  11. Perthguy

    Perthguy Well-Known Member

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    Why not have both? ;) :p
     
    Perthguy, 28th Dec, 2016
    #91
  12. kierank

    kierank Well-Known Member

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    Only 24 hours in a day. Just not enough time.

    I know how to set my priorities - travel comes first.
     
    Last edited: 28th Dec, 2016
    kierank, 28th Dec, 2016
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  13. Sackie

    Sackie Well-Known Member

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    Yep we all love travel. :p
     
    Last edited: 28th Dec, 2016
    Sackie, 28th Dec, 2016
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  14. kierank

    kierank Well-Known Member

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    You know me too well. I am not going to elaborate.
     
    kierank, 28th Dec, 2016
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  15. ellejay

    ellejay Well-Known Member

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    You elaborated enough when you stated you prefer cones to going on holiday :eek:
     
    ellejay, 28th Dec, 2016
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  16. kierank

    kierank Well-Known Member

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    Lucky I edited it after @Leo2413's post.
     
    kierank, 28th Dec, 2016
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  17. Sackie

    Sackie Well-Known Member

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    My time machine has gone back to right the past ;)
     
    Sackie, 28th Dec, 2016
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  18. ellejay

    ellejay Well-Known Member

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    Nothing much worse than someone quoting you before you have a chance to hit edit :rolleyes:
     
    ellejay, 28th Dec, 2016
    #98
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  19. Whitecat

    Whitecat Well-Known Member

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    Agree that arbitrage is an important factor. Very good yields and the 3rd biggest city.
    Also agree that we need big jobs growth for a big boom. All the incoming infrastructure is also very positive for bne
     
    Whitecat, 28th Dec, 2016
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  20. WattleIdo

    WattleIdo midas touch

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    Once tourism seriously resumes there'll be no looking back.
     
    WattleIdo, 28th Dec, 2016
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