QLD Brisbane property market 2024

Hard to say accurately but also look at the rapid price increases in Yeronga and Dutton Park Highgate Hill and the price range flow effect in Annerley-Moorooka .
With the price difference as with the units you control would have been purchased in 200k-- 250k range or maybe less if you revalue them now there will be a big difference.
The best examples I can give as Annerley 2 bed standard with car accommodation in six to 12 packs that need renovations are advertised above 460 plus k but those will sell for well above the asking price then you have the high end multi storey new units.
Plus agent just rang and my cash offer cancelled as they have offers conditional above 475k and more coming in today.
Just the start of another bidding war.

 

Would agree with this, sales like this one in what I would class middle ring are supporting this view, $935k: 24 Emcona Street, Tingalpa, Qld 4173 - House for Sale - realestate.com.au

 

Ahhh, got it. I thought you were talking about price difference of a unit in Moorooka v one in Annerley.

 

Yes, this explains why this property was withdrawn for sale.
https://www.domain.com.au/2019156678

I was just about to make an unconditional offer. This place would be a gold mine

 

Maybe this can be used as a example for Yeronga as compared to near by small pockets price wise as this seems below market value and a deceased estate.
What do you think this will sell for compared to Annerley Moorooka ..
5/9 Christensen Street, Yeronga, Qld 4104 - Unit for Sale - realestate.com.au

 

I just checked and found that even Inala sold from 650 to 880k.
All other suburb should be able to get much more than that, I think minimum 1mil will be within 2years.

 

they must've heard of the impending boom and decided to time the market

 

Not really Brisbane but it is linked as big money is still around specially if you made 1.5mil within 8months in Gold Coast:

Hot property: Buyers splashing their cash on prestige property - realestate.com.au

 

The difference in price is narrowing between the two suburbs. It really depends on the property and its age. Moorooka i think is probably still 50-100kish behind Annerley. Moorooka has been under valued probably because of its bad reputation but that seems to be changing. Plus Moorooka doesn't flood in the residential areas.

My guess is people are price out of Cooparoo and then Greenslopes, Stones Corner, Holland Park so they start looking at Annerley and Moorooka. As it is very easy to travel via car across this area.

Both Annerley and Moorooka have a large number of units and townhouses that have been built in the last 20 years with low body corp fees.

When I was looking to buy 1 and 1/2 years ago across all these areas and there has always been a high number of individuals at most openings eg 30 plus. Why because there is limited amount of quality stock in Brisbane for individuals who are approved to buy under 500-600k. 3-4 year ago you could buy a house in Brisbane for that amount and now you stuck buying what used to be slum lord properties.....

Thats not a great unit for the price range they want. It doesn't have a balcony and its super narrow. I thought it might flood but its just outside the flood area. They probably won't get more than 420. They already have offer at 410 and the seller has refused to go under contract thats why it said offer over.

 

Are there still options for 30-40km to Brisbane for mid 400s?

I was looking down Pimpama way (along the train line) and a lot of houses you can get for that price seem pretty bad.
We already have a place in Toowoomba so don't want to buy out towards Ipswitch.

 

All aboard the Brisbane Express, next stop 2032!

 

keep it coming

 

Hi all,
sorry, new to this forum. just wondering where are good suburbs in Brisbane in terms of growth. My budget is around 800k. please help. thank you

 

Draw a ring around 10km from the CBD and look around that ring.

 

thank you, any particular suburb for larger block houses?

 

Aim for 600m2 min block.
You won't find 810m2 block for your budget $800k unless it is a dumpster fire building.
Those usually are a premium above your normal block by around 20% due to them being able to be split into 400m2 block.

 

I can't find any 600m2 under 800k within 10km???

 

Did you look under the desk?
Maybe a deal fell off the table?
Those under $800k are flying off the shelves and never hit the ads.

 

Very hard recently as most vendors know and they are open for offers, even before on the market or divorce/deceased estate. Can't find finance broken contract either. Who are the ones forecasting all the fixed rate cliff stupid thing?????

 

Holy cow!!!! Brisbane has started an entirely new boom cycle. Definitely becoming its own market now, price exploration time