Don't know where he got his data of the units in those areas growing 16% in past 6 yrs. when I use this http://www.realestate.com.au/invest/
Most of those suburbs show no growth in the past 5 yrs.
Not saying that they won't grow from now, but I think in the past 5 yrs, I think it's been flat.
"Apartments in Brisbane’s inner-northern suburbs have been consistently achieving double-digit annual growth since around 2008, according to a local real estate group."
The article said the agent got his info from RP Data.
Oh, come on, you can trust a real estate agent, they never lie
Just had a valuation for refinancing on a stunning tri level home on 900m2 block with new infrastructure to airport and CBD not within eyesight but within 500 meters and it came out same as 2009!!!!!!!!!!!!! By CBA
Just had a valuation for refinancing on a stunning tri level home on 900m2 block with new infrastructure to airport and CBD not within eyesight but within 500 meters and it came out same as 2009!!!!!!!!!!!!! By CBA
I think the bank valuation sometimes can come in at a lot lower than what you could get if you sold it! When I uncrossed my loans to release some equity, I thought that my unit would be valued at around $330 k by anz, and was shocked they only valued it at $275 k. If I sold it I'd get at least $330 k in Perth. Anyway I'm still able to invest, i have enough equity which is good.
I think the bank valuation sometimes can come in at a lot lower than what you could get if you sold it! When I uncrossed my loans to release some equity, I thought that my unit would be valued at around $330 k by anz, and was shocked they only valued it at $275 k. If I sold it I'd get at least $330 k in Perth. Anyway I'm still able to invest, i have enough equity which is good.
We had a tough valuation from 2009 (Jan) with the same valuation five years later - this means sentiment of banks still low and no "official " growth - finding that our deposits are coming from our savings rather than real equity over past five years - we have nine properties
Valuers still very conservative - the property we had revalued is in a prime high street with city views - good on you for the development tho - sounds great!