QLD "Why savvy Brisbane buyers are targeting 600 square metre development sites"

read an article from Domain

Why savvy Brisbane buyers are targeting 600 square metre development sites

it is a bit out of date news comparing what PCers were discussing a yr ago.

what you reckon @Leo2413

 

That's what many of our clients have been doing... for a while now

Interesting article!

 

City plan was 2014 yeah?

 

BCC might have another plan update/change.

They are already expensive now comparing with 4 yrs ago.

 

Nothing new and savvy friends been doing it for some time. I preferred to focus on 800+sqm lots in very high OO demand areas. No regrets.

 

haven't look into BCC requirements much, but I was under the impression that if a block is over 600m2, 20m frontage, and ?300ms from shopping facilities (Grocery shops, Newsagencies...), it can be subdivided. not sure how true it is.

 

This is a good summary. I think its still all relevant.
https://www.brisbane.qld.gov.au/sit...r_residents_-_subdividing_land_-_nov_2015.pdf

 

thanks @Leo2413

 

NP

 

Definitely agree with this Eric! If someone has the risk appreciate and the patience development can, not necessarily will generate massive chunks of cash to invest in other assets

 

Hi Leo, I'm keen to know a bit more on how do you identify an area as very high OO demand? Do you look at stats to compare renters vs OO for a specific suburb, or you have a hidden trick somewhere

Cheers,
David

 

A large part is networking with many different players on the ground. Most people in this game just don't do this which imho puts them at a great disadvantage. This usually reveals patterns/trends/opportunities. I stick within 10km of the Brisbane CBD. Look for add value deals. With regards to strong OO, its looking at areas with above median price strong sales then look at neighboring areas for value. It's a bit more involved then that but that's the broad framework.

 

I agree. Although even having done this, my Brisbane place is my worst performer and I regret the opportunity cost from investing there. Growth has been almost stagnant in the past 2 years, whereas I could've done 10-15% pa elsewhere

 

If you would have really done that, ie getting 800sqm lots in high demand OO areas over the last 2 years you would have experienced 20-35+ % growth. Definitely not stagnant unless you went too far from the CBD.

 

Yes, I am only getting 5 to 7% growth pa, it is primarily OO area, LMR2, not a lot of development going on in the suburb, within 5km of CBD. Brisbane as a whole hasnt done well

 

maybe it is calm before the storm,

 

Are you saying you bought a lot 800sqm with subdivision potential over the last 2 years, 5km from the CBD and its only done 5-7% growth? Also depends what you paid for it.

I wouldn't worry about Brisbane or any area doing well as a whole. Just need your small patch/deal to do well.

 

Old news? Rehash as new?

 

F