If it's up held, then will pensioners have to pay back their pensioner discount on rates? Is it a two way street?
Strong Growth in Brisbane
- Thread starter Andrew_A
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If it's up held, then will pensioners have to pay back their pensioner discount on rates? Is it a two way street?
I'm not a lawyer, or very familiar, but a scan of the judgment suggests that the problem was that Council tried to charge different levels of general rates based on the properties of the people who owned that land, rather than on the properties of the land itself. That's not allowed.
But Councils are allowed to offer concessions. So pensioners are safe. And I wonder whether the change will be that the standard rates go up, but Councils introduce a "owner-occupied concession".
Don't us investors make the world go round though haha
+1 on RedcliffeI like the prospect of Redcliffe for the relatively low buying price ATM.
Beautiful coastline, great shops, parks and sport fields close to Brisbane.
With the new rail line, Brisbane will become any easy commute for school kids, city workers, people wanting city shopping or to catch a show (maybe a game of football
i recently bought sight unseen in Redcliffe then went up there for a pre-settlement inspection, ended up buying another IP in Scarborough. The Redcliffe Peninsula is paradise, what a lifestyle location and yet so close to the CBD its really the best of both worlds.
My daughter is learning about compounding in Math.
I was explaining how money and even the value of property compounds over time. She asked me why weren't rich than if we had all these properties.
So I gave her a few examples - Stamp Duty, CGT, property management fees, selling fees.
It did get me thinking!
Make that +2. We've recently gotten a place in Margate
In addition to the above points, the SE QLD 2009-2031 plan lists Redcliffe as a Major Regional Activity Centre for Moreton Bay council area.
Of the forecast growth in new housing, the majority is expected to be in units - so not a bad opportunity to get with some houses.
A number of the property aficionados (Lindeman, Lomas, Residex, Terry Ryder and Peter Koulizosalso) seem to like the peninsula too. Whilst they don't have a crystal ball, I'd rather be in their company than not
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Whichever inner Brisbane suburb I plug in seems to be showing a big uptick in vacancies over the past 6 months.
http://www.sqmresearch.com.au/graph_vacancy.php?postcode=bulimba&t=1
Any thoughts as to the reason why?
http://www.sqmresearch.com.au/graph_vacancy.php?postcode=bulimba&t=1
Any thoughts as to the reason why?
Which suburbs?
Could be coincidence.
Of the 2 suburbs I hold, one has been level and the other has come down?
Just checked Brisbane city and that's come down too.
Your graph on Bulimba is also down in the past 6 months.
Which suburbs are you referring to?
Could be coincidence.
Of the 2 suburbs I hold, one has been level and the other has come down?
Just checked Brisbane city and that's come down too.
Your graph on Bulimba is also down in the past 6 months.
Which suburbs are you referring to?
Bulimba is up to 6% from 2.5% 18 months ago. (You have to scroll to the right on each graph to see the most recent month)
Many at multi-month highs and trending up strongly for the past couple of years. And not just inner suburbs. I'm thinking that record low interest rates are meaning more people are moving from rentals to purchases. This is possibly the reason behind the capital growth in Brisbane (as opposed to investor driven). If so then the next stage should be a downward move in rents/yields.
Woolloongabba - 8%
Runcorn - 4%
Coorparoo - 3.3%
Moorooka - 4%
Nundah - 6%
Kedron - 5%
Woodridge - 3%
Ascot - 10%
Kelvin Grove - 7%
Chermside - 5%
Brighton - 3.5%
Rocklea 3% (up from 1%)
I live in Hamilton (on rent) and my landlord has asked me to resign a rental contract - with no rental increase. Just anecdotal I know but it did get me wondering.
Ok.
Your wording was misleading in your fist post quoted above.
Vacancies are lower for most places from where they were 6 months ago, even Bulimba.
Maybe it's only recent months they may have risen slightly, but still below where they were 6 months ago.
I'd say insignificant.
But the bigger trend over 2-3 years for nearly all suburbs is a significant increase in vacancies.
Ithink this is down to increased builds being badly timed with a combination of decreasing interest rates and a slowdown in job creation due to the fading mining boom.
Speaking to a couple of cabbies recently and was told that fares to and from Brisbane domestic airport were well down on a couple of years ago. They said noticably less people were flying to regional mining areas from Brisbane.
So perhaps Brisbane isnt creating the jobs to support inner city living/ preplanned construction. Maybe people are seeking their fortunes in Sydney with it's other industries, hence the boom there?
Ithink this is down to increased builds being badly timed with a combination of decreasing interest rates and a slowdown in job creation due to the fading mining boom.
Speaking to a couple of cabbies recently and was told that fares to and from Brisbane domestic airport were well down on a couple of years ago. They said noticably less people were flying to regional mining areas from Brisbane.
So perhaps Brisbane isnt creating the jobs to support inner city living/ preplanned construction. Maybe people are seeking their fortunes in Sydney with it's other industries, hence the boom there?
Make that +2. We've recently gotten a place in Margate
In addition to the above points, the SE QLD 2009-2031 plan lists Redcliffe as a Major Regional Activity Centre for Moreton Bay council area.
Of the forecast growth in new housing, the majority is expected to be in units - so not a bad opportunity to get with some houses.
A number of the property aficionados (Lindeman, Lomas, Residex, Terry Ryder and Peter Koulizosalso) seem to like the peninsula too. Whilst they don't have a crystal ball, I'd rather be in their company than not
I am thinking about buying in brisbane and have read about Redcliffe area at many places, but suburbs like Chemside, Zillmere, mt gravatt etc have also been in discussions.
Is better to buy in places close to cbd compared to Redcliffe?
Depends what you are after. I don't think proximity to the cbd necessarily means one property will outperform another. Each locality has its own things going for it.
Redcliffe peninsula for example means Brisbane (and the Sunshine Coast) are both within reach, but equally there are local employment opportunities (retail, medical, government), and an inflow of infrastructure, and lifestyle factors at play.
Depending on what you're targeting (CG? yield? Development potential), one area might suit you better. What do you think are the comparative pros and cons of those suburbs?
Redcliffe peninsula for example means Brisbane (and the Sunshine Coast) are both within reach, but equally there are local employment opportunities (retail, medical, government), and an inflow of infrastructure, and lifestyle factors at play.
Depending on what you're targeting (CG? yield? Development potential), one area might suit you better. What do you think are the comparative pros and cons of those suburbs?
I don't recall that the cab mob lowered the prices. I reckon that fares are lower since the completion of Airport Link motorway/tunnel some 2 years ago. Due to shorter ride (even if you don't take the tunnel part, e.g. get out at Sandgate Rd) fares are down a few bucks.
I am after CG. Yield and development potential would be bonus. I think Redcliffe has good opportunities since will have train line but I get stuck thinking if I can find properties in similar price range in Mt gravatt or chemside why to go further out from city?
The other option I am thinking is may be a 3 BR in wyunm\manly side?
I think i would look a little harder. I bought a 3x1x1 house at Scarborough potential water views for $320k (returns $350pw). Good luck buying in Mt Gravatt & Chemside for $320k.
I'm on the mailing list of a few local real estate agents and I'm still seeing what I think would be good buys here and there.
Hi Jenko, if your not buying ATM could you PM or post a few links of examples up that way you see as good value .
