Does Brisbane still stack up?

These threads are very interesting to me as you could bag or love any city market in Aus depending on your point of view. Try justifying the current Sydney market as an investor!!! In the end a boom involves exuberance that you can't comprehend until it's happening. You've got to be in it to win it!

I bought inner city Brisbane market before Christmas and it was hot then, we'll see what the next few years holds
 
Markets within markets and all that...
Indeed.

This property for example sold May 2014 for 720k. At the time, this was NOT considered cheap, so don't think it was a fluke:

http://www.realestate.com.au/property-house-qld-robertson-116584691

11 months later (now), the neighbour is now up for 925k, and I'm pretty sure he'll get it too. I certainly know I would buy it if I hadn't run out of cash. Pretty much identical land and house size.

http://www.realestate.com.au/property-house-qld-robertson-119558719


I purchased one across the road in Sunnybank for about the same price, same time. The guy behind me recently sold for $950k about two months ago. 200k in less than a year. This, I believe, is growth that rivals many suburbs in Sydney.

And the official "unemployment" level in Sunnybank? I'm glad you asked, it's 8.4% (see link below).

http://www.sbs.com.au/news/map/labour-markets

Markets within markets. You just can't analyse some of this stuff at a macro level...!

The problem is the Brisbane statistics often include a very broad region so standout areas like this are missed.
 
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Markets within markets. You just can't analyse some of this stuff at a macro level...!
That's been my observation over the last years in terms of predicting which areas will boom .

Price changes rarely reflect an underlying change in the " fundamentals " .

For me the only reason to analyse "fundamentals "is in choosing which specific area to invest in , but in reality we don't do that and it hasn't stopped us being successful .

If you want to check out some one who appears to be good at that aspect of investing , Check out Rixters threads . I'm not keen on his living on Equity approach , but I think he has a very sound approach to selecting properties that perform in the long term .

You could summaries my approach to buy in Good suburbs in Bad Times and Bad suburbs in Good times . ooo , I like that ... My original Quote :cool:.

Cliff
 
Indeed.

This property for example sold May 2014 for 720k. At the time, this was NOT considered cheap, so don't think it was a fluke:

http://www.realestate.com.au/property-house-qld-robertson-116584691

11 months later (now), the neighbour is now up for 925k, and I'm pretty sure he'll get it too. I certainly know I would buy it if I hadn't run out of cash. Pretty much identical land and house size.

http://www.realestate.com.au/property-house-qld-robertson-119558719


I purchased one across the road in Sunnybank for about the same price, same time. The guy behind me recently sold for $950k about two months ago. 200k in less than a year. This, I believe, is growth that rivals many suburbs in Sydney.

And the official "unemployment" level in Sunnybank? I'm glad you asked, it's 8.4% (see link below).

http://www.sbs.com.au/news/map/labour-markets

Markets within markets. You just can't analyse some of this stuff at a macro level...!

The problem is the Brisbane statistics often include a very broad region so standout areas like this are missed.
Appears Sunnybank has had 9% growth in the last 12 months, mostly driven by Chinese purchasers. Rents seem fairly flat though, I'm looking to increase one of mine only slightly if at all.
 
Interesting to see that Brisbane houses are still getting discounted more than both Adelaide & Canberra, and both Adelaide & Canberra houses selling in a shorter time than Brisbane:
 

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That's been my observation over the last years in terms of predicting which areas will boom .

Price changes rarely reflect an underlying change in the " fundamentals " .

For me the only reason to analyse "fundamentals "is in choosing which specific area to invest in , but in reality we don't do that and it hasn't stopped us being successful .

If you want to check out some one who appears to be good at that aspect of investing , Check out Rixters threads . I'm not keen on his living on Equity approach , but I think he has a very sound approach to selecting properties that perform in the long term .

You could summaries my approach to buy in Good suburbs in Bad Times and Bad suburbs in Good times . ooo , I like that ... My original Quote :cool:.

Cliff
I am looking into buying my first IP in Brisbane, my budget is 550K, I saw some new developments in Spring hills (north CBD) but not sure which way to go? Unit in CBD or houses in suburbs?

what is a good suburb now to buy? welcome any ideas
 
Avoid CBD units , there are concerns re upcoming oversupply .

House in the suburbs. There's lots of alternatives and recent threads.

Spend some time reading them and narow your search to three - four areas.

Read all you can on them and hen go and have a look .

Cliff
 
I am looking into buying my first IP in Brisbane, my budget is 550K, I saw some new developments in Spring hills (north CBD) but not sure which way to go? Unit in CBD or houses in suburbs?

what is a good suburb now to buy? welcome any ideas
With that budget definitely a house in a middle or outer ring suburb
 
Matusik who comments a lot on queensland has an interesting view from earlier this year:





Effectively, his view is that job creation is a significant driver for property price growth.

Some key stats from his perspective:
- The Gold Coast, for example, has created 15,000 new jobs over the last 12 months alone

- Inner Brisbane is also now creating lots of new jobs, with a 12,000 increase last year

Key take away: though the wider QLD economy might be facing challenges - there are pockets with green shoots.

My view is that once these areas tick up, they will buoy the centre and propagate out. Add to that the "overflow" effect from people priced out of Sydney and Melbourne markets flocking to Brisbane - will see further population growth, which in turn will put upward pressure on SEQ.

The full article can be found here and might be of interest to QLD watchers: http://propertyupdate.com.au/3-go-go-zones/

My 2 cents.
 
Add to that the "overflow" effect from people priced out of Sydney and Melbourne markets flocking to Brisbane - will see further population growth, which in turn will put upward pressure on SEQ.
Flocking to Brisbane? Where would these people get jobs?
 
Indeed.

This property for example sold May 2014 for 720k. At the time, this was NOT considered cheap, so don't think it was a fluke:

http://www.realestate.com.au/property-house-qld-robertson-116584691

11 months later (now), the neighbour is now up for 925k, and I'm pretty sure he'll get it too. I certainly know I would buy it if I hadn't run out of cash. Pretty much identical land and house size.

http://www.realestate.com.au/property-house-qld-robertson-119558719


I purchased one across the road in Sunnybank for about the same price, same time. The guy behind me recently sold for $950k about two months ago. 200k in less than a year. This, I believe, is growth that rivals many suburbs in Sydney.

And the official "unemployment" level in Sunnybank? I'm glad you asked, it's 8.4% (see link below).

http://www.sbs.com.au/news/map/labour-markets

Markets within markets. You just can't analyse some of this stuff at a macro level...!

The problem is the Brisbane statistics often include a very broad region so standout areas like this are missed.
Hi Jerrybee,
Wow, that's almost a $1m if I wanna buy in now in Robertson or Sunnybank. I didn't expect that much capital growth for a suburb in Brisbane either. That's equivalent to inner city Leichhardt or Newtown here in Sydeny! But what's causing this price increase in Robertson / Sunnybank? Just Chinese buyres a lone? What happened in the area in the last 12 months? Any major infrastructure improvement? I'm just trying to understand these mysterious Brissie suburbs.
Thanks heaps!
 
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