Acacia ridge is the closest "cheap" suburb to Brisbane on the south side - its about 10km from CBD and you can squeak in to a freestanding house for just a hair over 300k. And it doesn't have the stigma of Inala or Woodridge. Yes there is industrial around there (ie local jobs) but a fair bit of resi too.
Strong Growth in Brisbane
- Thread starter Andrew_A
- Start date
I'm in the Calamvale, Sunnybank area 17km south of CBD. Price not moving much, land is still stubbornly high most are over $270K and some in my estate are asking way over $300K.
Brand new house up the road still on the market been like for 3 months. Started out at $650K now asking $638K, they're crazy asking that price since you can get nice near new 4br houses for $500K or if you go older then mid $400K.
Brand new house up the road still on the market been like for 3 months. Started out at $650K now asking $638K, they're crazy asking that price since you can get nice near new 4br houses for $500K or if you go older then mid $400K.
???
Nothing is selling, Nationwide. It is hard to make assertions on the direction of price when nothing is selling which means buyers are not buying but also importantly sellers are not selling.
This means there are no (at least not many) desperate sellers (excluding perhaps western sydney) and in my personal opinion both sellers and buyers are simply waiting for next year to sell or buy on the view its a "better time" to do so.
Turning on the TV one would think the world is going to blow up so people are simply sitting tight and Brisbane is no different.
In the end of the day if I had to choose to be in ANY market now i would be in Brisbane. In Brisbane people are reacting to the global meltdown and like most Australians are very American centric i.e. "what happens to them might just happen to us" type mentality regardless of the reality on the grown or their own personal position. Brisbane overall sentiment is still very optimistic unlike say....
Sydney for instance is in much worse shape (sentiment wise). This is why in my previous comments on whether Sydney was going to boom a view I still hold today is that yes the ingredients are there but sentiment rules supreme. People in Sydney in particular just think the government is useless etc etc.
This is the reality.. unless you subscribe to Steven Keen philosophy then we are all finished and regardless of how much reasoning he gives his view lives in an isolated theoretical bubble with no correlation to reality here and now.
Again, if this is the eye of the storm and prices have not dropped then hmmm i would love to know how Steve and the rest of the economic media wh*res can say we are gonna drop 30 even 40%.. please
(ps i count the real estate institute in this same group - just so people don't say i am lob sided in my view... i will never forgive them for their little 700 odd rental properties available comment - very low blow and undermines those of us trying to repel the idiocy coming from people like keen)
Nothing is selling, Nationwide. It is hard to make assertions on the direction of price when nothing is selling which means buyers are not buying but also importantly sellers are not selling.
This means there are no (at least not many) desperate sellers (excluding perhaps western sydney) and in my personal opinion both sellers and buyers are simply waiting for next year to sell or buy on the view its a "better time" to do so.
Turning on the TV one would think the world is going to blow up so people are simply sitting tight and Brisbane is no different.
In the end of the day if I had to choose to be in ANY market now i would be in Brisbane. In Brisbane people are reacting to the global meltdown and like most Australians are very American centric i.e. "what happens to them might just happen to us" type mentality regardless of the reality on the grown or their own personal position. Brisbane overall sentiment is still very optimistic unlike say....
Sydney for instance is in much worse shape (sentiment wise). This is why in my previous comments on whether Sydney was going to boom a view I still hold today is that yes the ingredients are there but sentiment rules supreme. People in Sydney in particular just think the government is useless etc etc.
This is the reality.. unless you subscribe to Steven Keen philosophy then we are all finished and regardless of how much reasoning he gives his view lives in an isolated theoretical bubble with no correlation to reality here and now.
Again, if this is the eye of the storm and prices have not dropped then hmmm i would love to know how Steve and the rest of the economic media wh*res can say we are gonna drop 30 even 40%.. please
(ps i count the real estate institute in this same group - just so people don't say i am lob sided in my view... i will never forgive them for their little 700 odd rental properties available comment - very low blow and undermines those of us trying to repel the idiocy coming from people like keen)
Have a look around Rocklea,the low entry price would be in the low 300k
i been investing in that area for several years,rent for anormal 3 bed,1 bath is around 250 plus,always had a tenants,and i,m just about to turn one in a student accom set-up with walking distance to trains and the location to the Uni both side of the river ,everybody laughted at me 10 years ago when i bought those places for less than 50k..willair....
IMHO..NOT ADVIVE,in any way...
Shopping in the US ?
hehehe....nope....Tracey is a Mum and it is Qld school hols....
Ok, so we're now in January and it appears that 2009 will be another tough year...globally. How has the last few months affected the Brisbane market? Has it fallen, stabilised, risen and by how much. I'm looking at entering the Brissy market, but have only just started doing my DD in this area. Have about $350K to spend, so if anybody can recommend any good buys or locations close to the CBD, as well as summing up what's happening in this area, that would be great.
Geez, Bludger, that's a difficult question!
In the areas where I'm looking, some prices have fallen and some have risen. Late last year there were a number of units/townhouses about 5 km north of the city that you could have picked up for $325-375K - recent e-mails from a couple of agents in that area would indicate price rises of $30-50K. This is FHB territory! South of the city (4km) in an area where I already own property, prices haven't fallen at all (pity, 'cause I want to buy there again!). Further out (Redcliffe and southern bayside) are mixed - Redcliffe apparently has FHBs crawling all over the place (a friend has recently bought there), whereas in my local area the advertising reads "Further price reduction" etc.
Perhaps UC or Kevin or some of the other Brissie agents can add more? (And we'll have none of this 'north-of-the-ditch vs southside' nonsense, thank you, UC!
)
Cheers
LynnH
In the areas where I'm looking, some prices have fallen and some have risen. Late last year there were a number of units/townhouses about 5 km north of the city that you could have picked up for $325-375K - recent e-mails from a couple of agents in that area would indicate price rises of $30-50K. This is FHB territory! South of the city (4km) in an area where I already own property, prices haven't fallen at all (pity, 'cause I want to buy there again!). Further out (Redcliffe and southern bayside) are mixed - Redcliffe apparently has FHBs crawling all over the place (a friend has recently bought there), whereas in my local area the advertising reads "Further price reduction" etc.
Perhaps UC or Kevin or some of the other Brissie agents can add more? (And we'll have none of this 'north-of-the-ditch vs southside' nonsense, thank you, UC!
)Cheers
LynnH
Aw shucks, wylie, how nice of you to notice I was gone! I just noticed that you noticed my absence.
I had about 4 or 5 months' break late 08, but "I'm back, baby". Somersoft is irresistible...
HAHAHAHHA ROTFLMAO!!! Touché Lynn!!
The north west is fairing ok - sales are slow for most folks and agencies are laying off staff left right and centre (me inlcuded!!) but for the most part prices around my part of town are still fairly constant.
I am hearing of some 10% drops in the outer burbs such as Murrumba Downs/ North Lakes/Kallangur/Aspley...but Bridgeman Downs/McDowall/Albany Creek/Arana Hills/ Everton Park are pluggin along. Again, sales are taking their sweet time and it is common now for a house to go through a couple of agents before a sale - but they are still selling at price.
haven't got any stats for you at the moment - will see what I can find!!
cheers
UC
The north west is fairing ok - sales are slow for most folks and agencies are laying off staff left right and centre (me inlcuded!!
) but for the most part prices around my part of town are still fairly constant.I am hearing of some 10% drops in the outer burbs such as Murrumba Downs/ North Lakes/Kallangur/Aspley...but Bridgeman Downs/McDowall/Albany Creek/Arana Hills/ Everton Park are pluggin along. Again, sales are taking their sweet time and it is common now for a house to go through a couple of agents before a sale - but they are still selling at price.
haven't got any stats for you at the moment - will see what I can find!!
cheers
UC
http://www.apm.com.au/
http://www.commbank.com.au/propertyvalueguide/
These might be useful if you have some example suburbs to put in.
http://www.commbank.com.au/propertyvalueguide/
These might be useful if you have some example suburbs to put in.
for the stats nazi's!!
here is an RP Data outlook for all of greater Brisbane (LGA's) with the exclusion of Gold Coast, Beaudesert and Caboolture...it DOES include Logan/Pine Rivers/Redcliffe.
The output is aggregation of all sales and dollar volumes for single unit dwellings only, across 2007-2008. There is definitely an overall pattern here.
Year_____Month_____Volume________# of Sales_____Median Sale
2007_____Jan ____$1,200,231,972 _____2965______ $360,000
2007_____Feb_____$1,549,528,792 _____3458______ $371,625
2007_____Mar_____$1,773,806,733 _____3902______ $384,000
2007_____Apr_____$1,370,573,410 _____3083______ $394,000
2007_____May_____$1,559,829,432 _____3398______ $395,000
2007_____Jun_____$1,523,197,832 ______3278______ $401,000
2007_____Jul_____ $1,722,423,405 ______3585______ $410,000
2007_____Aug_____ $1,456,239,304 _____3081______ $416,000
2007_____Sep_____ $1,466,775,873 _____2979______ $425,000
2007_____Oct_____ $1,644,348,618 _____3278______ $435,000
2007_____Nov_____ $1,685,542,275 _____3135______ $445,000
2007_____Dec_____ $1,138,208,331 _____2111______ $450,000
2008_____Jan_____ $1,179,034,096 _____2377______ $445,000
2008_____Feb_____ $1,317,045,382 _____2480______ $460,000
2008_____Mar_____ $1,764,504,192 _____2017______ $452,000
2008_____Apr_____ $1,070,903,187 _____2028______ $450,000
2008_____May_____ $1,009,040,237 _____1919______ $450,000
2008_____Jun_____ $957,463,278 _______1843______ $440,000
2008_____Jul_____ $1,080,144,351 ______2013______ $426,000
2008_____Aug_____ $893,248,789 _______1869______ $425,000
2008_____Sep_____$1,083,946,714 ______2259______ $429,000
2008_____Oct______$862,074,438 _______1887______$415,000
2008_____Nov______$485,418,558 ______1042______ $414,000
2008_____Dec______$157,333,246 _______340______ $420,500
note that not all December 2008 sales will be in the system yet. Otherwise though there are some interesting drops in volume in both dollar and real terms. The higher median for Dec 08 may be due to the lower sales volumes occurring in higher priced areas...will repeat the search in a few weeks to get it more accurate.
cheers
UC
here is an RP Data outlook for all of greater Brisbane (LGA's) with the exclusion of Gold Coast, Beaudesert and Caboolture...it DOES include Logan/Pine Rivers/Redcliffe.
The output is aggregation of all sales and dollar volumes for single unit dwellings only, across 2007-2008. There is definitely an overall pattern here.
Year_____Month_____Volume________# of Sales_____Median Sale
2007_____Jan ____$1,200,231,972 _____2965______ $360,000
2007_____Feb_____$1,549,528,792 _____3458______ $371,625
2007_____Mar_____$1,773,806,733 _____3902______ $384,000
2007_____Apr_____$1,370,573,410 _____3083______ $394,000
2007_____May_____$1,559,829,432 _____3398______ $395,000
2007_____Jun_____$1,523,197,832 ______3278______ $401,000
2007_____Jul_____ $1,722,423,405 ______3585______ $410,000
2007_____Aug_____ $1,456,239,304 _____3081______ $416,000
2007_____Sep_____ $1,466,775,873 _____2979______ $425,000
2007_____Oct_____ $1,644,348,618 _____3278______ $435,000
2007_____Nov_____ $1,685,542,275 _____3135______ $445,000
2007_____Dec_____ $1,138,208,331 _____2111______ $450,000
2008_____Jan_____ $1,179,034,096 _____2377______ $445,000
2008_____Feb_____ $1,317,045,382 _____2480______ $460,000
2008_____Mar_____ $1,764,504,192 _____2017______ $452,000
2008_____Apr_____ $1,070,903,187 _____2028______ $450,000
2008_____May_____ $1,009,040,237 _____1919______ $450,000
2008_____Jun_____ $957,463,278 _______1843______ $440,000
2008_____Jul_____ $1,080,144,351 ______2013______ $426,000
2008_____Aug_____ $893,248,789 _______1869______ $425,000
2008_____Sep_____$1,083,946,714 ______2259______ $429,000
2008_____Oct______$862,074,438 _______1887______$415,000
2008_____Nov______$485,418,558 ______1042______ $414,000
2008_____Dec______$157,333,246 _______340______ $420,500
note that not all December 2008 sales will be in the system yet. Otherwise though there are some interesting drops in volume in both dollar and real terms. The higher median for Dec 08 may be due to the lower sales volumes occurring in higher priced areas...will repeat the search in a few weeks to get it more accurate.
cheers
UC
give me a suburb and i'll give you all the stats i can find...
give me a suburb and i'll give you all the stats i can find...
Wavell Heights
since what time period?
