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Interestingly Qld's unemployment rate was 7% in Jan 2003 just before prices took off, but inbound migration was much higher at the time.

No I think your point is clear, it just sounds like bad timing IMO, at least it wasn't in 2008 in a hot market. Hopefully things will turn around over the next few years. I think recent growth has been more limited to the BCC area at this stage compared to Ipswich or Moreton, I would we...

Approximately 1 million, as I said the sample size relative to all sales is still too small. We could also discuss the type of properties which generally go to auction in BN.

71 sales in a market with a population of approximately 2.1 million is the point, the sample size is too small to be meaningful that's all

Not sure what your point is as only 71 properties sold by auction in BN in the sample provided. While it my be increasing very few properties are sold by this method in QLD, IMO most of the local market don't purchase bread and butter vanilla properties this way.Happy to be proven wrong but the...

A funny yet accurate observation Cliff

Well it's good to have a difference of opinion and have ideas challenged, holding a point of view from the comfort of general consensus is worthless , some of the other posters clearly have no idea regarding cyclones, floods and basic geography and assume anything north of the Tweed River is...

Okay, going back to your original point about indicators other than people hyping it, by the time these are available often the market has already moved. No one knows what will happen next, there could be another massive flood event which could sink property prices in BN for another 5 years or...

I don't think anyone was suggesting a 1 year hold, Reno and sell would be a good idea but even at its previous sale price of $409k it's still not bad value. When you can show us a similar property at a similar distance from the CBD in any other capital other than Adelaide you will have an...

At $321k it would have been a great buy

It last sold for $409k, show me something on just under 600m2 for similar price in a state capital at a similar distance from the CBD outside of BN or Adelaide and you may have a point. The previous sale in 2014 looks like a steal? The difference is nearly anyone could afford this IMO, and it's...

Yes that's the way, just keep outbidding the other fools and when it stops wonder what just happened

I tried to explain but gave up......

I'll try not to generalize No Premiums are not necessarily higher depending on location, we have properties in middle ring suburbs located around BN well away from BN river or catchment and the biggest threat is from falling trees which is no different to any other capital. D/D is obviously...