Strong Growth in Brisbane

Gatoblanco said:
since what time period?
Click to expand...
Since the peak in late 07 early 08 (somewhere around there anyhow), over a longer term time period growth has still been pretty good :)

Depending on quality the drop might be around 5-10% only, but it's real. <300k houses vanished for a while and not they are back.
 
WAVELL HEIGHTS 2006-2008
Year_______Period_______Volume_______# of Sales_____Median Sale
2006________Jan________ $8,228,500 ________22________ $369,000
2006________Feb________ $9,542,500 ________24________ $372,000
2006________Mar_______ $10,902,000 ________28________ $385,000
2006________Apr________ $9,022,050 ________23________ $350,000
2006________May_______ $8,881,500 ________23________ $355,000
2006________Jun________ $6,694,000 ________19________ $345,000
2006________Jul________ $9,034,000 ________24________ $363,750
2006________Aug_______ $10,532,323 ________27________ $345,000
2006________Sep________ $8,037,900 ________21________ $360,000
2006________Oct________ $8,984,500 ________23________ $368,000
2006________Nov________ $8,836,000 ________21________ $427,000
2006________Dec________ $5,360,500 ________12________ $420,500
2007________Jan________ $7,912,500 ________20________ $380,000
2007________Feb_______ $12,929,800 ________29________ $415,200
2007________Mar_______ $12,103,000 ________27________ $378,500
2007________Apr________ $8,311,750 ________18________ $451,750
2007________May_______ $14,421,000 ________31________ $425,000
2007________Jun________ $14,783,500 ________29________ $480,000
2007________Jul________ $14,048,048 ________31________ $445,000
2007________Aug________ $13,861,996 ________29________ $445,000
2007________Sep________ $16,872,858 ________33________ $477,000
2007________Oct_________ $9,245,000 ________16________ $522,500
2007________Nov_______ $10,109,100 ________21________ $477,000
2007________Dec_______ $10,540,500 ________22________ $465,000
2008________Jan________ $11,685,700 ________23________ $470,000
2008________Feb________ $13,394,061 ________22________ $523,500
2008________Mar________ $5,971,725 ________13________ $440,000
2008________Apr________ $6,729,000 ________14________ $460,750
2008________May________ $4,210,500 ________9________ $470,000
2008________Jun________ $6,350,000 ________11________ $539,000
2008________Jul________ $7,635,500 ________14________ $468,500
2008________Aug________ $5,292,250 ________11________ $460,000
2008________Sep________ $6,365,550 ________13________ $437,500
2008________Oct________ $3,736,000 ________9________ $420,000
2008________Nov________ $2,051,250 ________5________ $399,000
2008________Dec________ $1,310,000 ________3________ $450,000
 
BANYO,NUDGEE,NUDGEE BEACH,VIRGINIA,VIRGINIA
Year_______Period________Volume______# of Sales______Median Sale
2006________Jan________ $3,334,475 ________12________ $297,500
2006________Feb________ $5,277,000 ________18________ $290,500
2006________Mar________ $8,579,000 ________31________ $289,500
2006________Apr________ $5,913,500 ________22________ $261,000
2006________May_______ $10,250,616 _______34________ $298,500
2006________Jun________ $6,254,290 ________20________ $344,645
2006________Jul________ $10,771,500 ________32________ $332,500
2006________Aug_______ $11,134,500 ________35________ $310,000
2006________Sep________ $7,871,000 ________25________ $322,000
2006________Oct________ $7,799,500 ________24________ $321,250
2006________Nov_______ $11,709,500 ________34________ $324,000
2006________Dec________ $8,366,312 ________24________ $347,000
2007________Jan________ $9,747,547 ________31________ $311,000
2007________Feb_______ $15,523,487 ________46________ $357,500
2007________Mar_______ $20,086,599 ________54________ $387,049
2007________Apr________ $8,720,568 ________22________ $367,500
2007________May________ $7,932,513 ________24________ $330,000
2007________Jun________ $11,394,000 _______31________ $365,000
2007________Jul________ $11,353,600 ________29________ $358,000
2007________Aug_______ $19,817,762 ________49________ $411,000
2007________Sep_______ $18,552,092 ________45________ $418,900
2007________Oct_______ $15,153,757 ________39________ $395,000
2007________Nov_______ $11,518,850 ________29________ $420,000
2007________Dec________ $7,927,000 ________18________ $407,500
2008________Jan________ $6,982,111 ________16________ $415,500
2008________Feb________ $6,466,250 ________16________ $415,625
2008________Mar________ $9,509,698 ________23________ $410,000
2008________Apr________ $11,635,550 _______25________ $445,000
2008________May________ $5,268,000 ________13________ $415,000
2008________Jun________ $6,641,200 ________16________ $422,500
2008________Jul________ $6,661,786 ________16________ $409,178
2008________Aug________ $7,965,730 ________21________ $389,500
2008________Sep________ $8,888,715 ________22________ $412,500
2008________Oct________ $6,719,427 ________17________ $377,000
2008________Nov________ $1,903,500 ________5________ $395,000
2008________Dec__________ $721,000 ________2________ $360,500
 
yes mate...it is a very tough environment now. There is a lady who is very well known to most agents across brisbane as a valuer and the owner of a real estate training school. She said to me not a couple of weeks back that any agent who is bragging about their success now is either lying or fooling themselves...

I am out - and so are a lot of other folks who i have had the pleasure of knowing in the industry. It just isn't worth the heartache and effort any more. When it all picks up again there is going to be a massive shortage of agents!! could be funny actually!!:p
 
urban cowboy said:
I am out - and so are a lot of other folks who i have had the pleasure of knowing in the industry. It just isn't worth the heartache and effort any more. When it all picks up again there is going to be a massive shortage of agents!! could be funny actually!!:p
Click to expand...

UC,
What are you going to do with yourself now? And will you return to R.E. when things pick up again?
Cheers
Amy
 
Hiya Amy,

I have gone and got myself a real job with a real income that is not subject to wild fluctuations as a commission only REA...:p

I still consult on the side for friends and a few folks from this forum and one or two others, but I probably will not return as a full time REA - I have four small kids and I was missing out on way too much of their lives working so much.

I will however continue consulting and playing in the wings - I have a few fingers in several pies, including a development company and an investment consultancy - I will focus on these out of normal work hours from home and see where they lead.

I am also assisting with editing and trialling some real estate courses and other bits and pieces, so am well and truly entrenched in real estate and very much am still in the middle of it!!

thanks for asking!!:)
 
hey UC,

could you give me a suburb profile of annerley? im about to lodge a DA for a number of townhouses there and wanted to get an idea of prices in the area..
why is it that annerley is alot cheaper than say fairfield, yeronga etc??
whats your views on annerley? seems quite ok without the bogans of morooka..
you can PM me if you like..i am a developer/builder and wouldnt mind building any of your projects either..
:eek:
 
Hi Muney,

mate can't help you too much on that side of the ditch - i know where Annerley is, I have driven through it a few times, but that is about it.

As far as I am aware it is a fairly nice area, but there will be folks here that are far more qualified to answer your local knowledge type questions.

As for why it is cheaper that Yeronga/Fairfield?? the only thing I can think of is that both of those suburbs have river front properties whereas Annerley is the next suburb inland - hence there will be riverfront properties dragging the median price up. Again though, there are others here who may be able to shed better light on it!:eek:

here is the medians for Annerley:

ANNERLEY
Year___Period_____Volume_____# of Sales___Median Sale
2006_____Jan_____ $4,490,000 _____11_____ $385,000
2006_____Feb_____ $3,700,000 _____10_____ $365,000
2006_____Mar_____ $3,780,932 _____11_____ $355,000
2006_____Apr_____ $5,106,500 _____12_____ $396,250
2006_____May_____ $5,361,000 _____14_____ $364,000
2006_____Jun_____ $8,617,550 _____21_____ $387,000
2006_____Jul_____ $4,041,000 _____11_____ $407,500
2006_____Aug_____ $2,605,000 _____6_____ $437,500
2006_____Sep_____ $6,586,000 _____16_____ $414,000
2006_____Oct_____ $4,462,650 _____9_____ $420,000
2006_____Nov_____ $6,123,500 _____14_____ $440,000
2006_____Dec_____ $3,515,000 _____8_____ $430,000
2007_____Jan_____ $3,965,650 _____8_____ $496,000
2007_____Feb_____ $6,143,500 _____12_____ $453,000
2007_____Mar____ $11,979,000 _____23_____ $486,000
2007_____Apr_____ $8,527,000 _____18_____ $437,750
2007_____May____ $7,433,004 _____15_____ $503,000
2007_____Jun_____ $8,192,000 _____17_____ $492,000
2007_____Jul_____ $11,867,100 _____23_____ $510,000
2007_____Aug_____ $6,184,500 _____12_____ $537,500
2007_____Sep_____ $8,978,060 _____16_____ $518,380
2007_____Oct_____ $6,015,000 _____11_____ $574,500
2007_____Nov_____ $9,031,380 _____15_____ $585,000
2007_____Dec_____ $8,141,000 _____13_____ $600,000
2008_____Jan_____ $8,604,641 _____15_____ $513,000
2008_____Feb_____ $7,521,120 _____12_____ $560,000
2008_____Mar_____ $5,990,000 _____9_____ $570,000
2008_____Apr_____ $4,168,419 _____7_____ $585,000
2008_____May_____ $4,227,500 _____8_____ $506,250
2008_____Jun_____ $7,562,000 _____12_____ $692,000
2008_____Jul______ $4,558,000 _____9_____ $491,000
2008_____Aug_____ $2,395,000 _____5_____ $470,000
2008_____Sep____ $10,261,000 _____17_____ $570,000
2008_____Oct_____ $7,652,000 _____14_____ $517,500
2008_____Nov_____ $3,864,500 _____6_____ $603,500
2008_____Dec_____ $1,520,000 _____3_____ $500,000


Hope this helps some. I have nothing on the go right at this second building wise, but I may give you a holler when i do and see what you can do for me. There is another thread on here from BenQld who is looking for a builder at Tarragindi...that is just around the corner a bit!

cheers
UC:)
 
muney

I'm from the southside of the ditch! :D

UC is correct - Annerley is cheaper than Fairfield and Yeronga due to their riverfront location. There are also a lot of very expensive houses in those suburbs and, as far as I am aware, still a lot of larger allotments. Annerley is more of a mixed bag - some nice houses, but a lot of older, more run-down properties, generally smaller allotments and lots of units (being close to PA and Greenslopes hospitals, there is good demand for rentals from nurses and other medical workers). I have heard anecdotal evidence that there has been an influx of Sudanese and other refugees into the Annerley area in recent years, and there have been some problems as a result - others who are more familiar with the area may be able to provide more info about this.

Wylie (another forumite) is likely to be more familiar with the area than I am - where are you, wylie??

I have a friend who will shortly (?) begin a small unit development in Annerley - your project sounds much larger than hers, but if you have any questions, feel free to PM me and I'll see if she can provide some answers for you.

Cheers
LynnH
 
LynnH said:
Wylie (another forumite) is likely to be more familiar with the area than I am - where are you, wylie??
Click to expand...

Here I am :D. My feelings about Annerley are pretty much as Lynn summed up. My parents have one lovely old Queenslander IP one street from the PA hospital. The parking issues are annoying but it doesn't stop the place renting (though funnily enough, they have never had nurses or doctors as tenants.) In this area most of the blocks are tiny and I just feel claustrophobic in some of the streets.

It is a great area for renting to hospital staff and students, especially with the Green Bridge just a small walk away that crosses the river to the Uni (buses, pushbikes and pedestrians only).

Ipswich Road runs through Annerley and it is probably one of my most disliked roads. For a busy road I find it narrow and hectic with big trucks everywhere. I just don't like driving along it at all.

There are nice areas in Annerley, but I tend to see only the Ipswich Road part so my views are skewed by my dislike for the road (silly as that probably sounds). I would personally not want to travel on Ipswich Road on a daily basis.
 
Fascinating for me to read this thread and the emotions through the boom of 07 and the contraction of 08.

Brisbane prices continue to chug along nicely.

Residex indices have housing medians at $459,000 and units at $364,000

Brisbane houses since 2007
31-Jan-2007 H Brisbane 9.73522
28-Feb-2007 H Brisbane 9.78018
31-Mar-2007 H Brisbane 9.91202
30-Apr-2007 H Brisbane 10.2146
31-May-2007 H Brisbane 10.2276
30-Jun-2007 H Brisbane 10.5122
31-Jul-2007 H Brisbane 10.7711
31-Aug-2007 H Brisbane 10.7973
30-Sep-2007 H Brisbane 11.0068
31-Oct-2007 H Brisbane 11.3195
30-Nov-2007 H Brisbane 11.4618
31-Dec-2007 H Brisbane 11.568
31-Jan-2008 H Brisbane 12.0031
29-Feb-2008 H Brisbane 11.8484
31-Mar-2008 H Brisbane 12.0085
30-Apr-2008 H Brisbane 12.1644
31-May-2008 H Brisbane 12.2964
30-Jun-2008 H Brisbane 12.1099
31-Jul-2008 H Brisbane 11.9759
31-Aug-2008 H Brisbane 11.966
30-Sep-2008 H Brisbane 11.9205
31-Oct-2008 H Brisbane 11.9822
30-Nov-2008 H Brisbane 11.9753
31-Dec-2008 H Brisbane 11.9807
31-Jan-2009 H Brisbane 11.8317
28-Feb-2009 H Brisbane 11.7751
31-Mar-2009 H Brisbane 11.7538
30-Apr-2009 H Brisbane 11.843
31-May-2009 H Brisbane 12.0248
30-Jun-2009 H Brisbane 12.1021
31-Jul-2009 H Brisbane 12.1004
31-Aug-2009 H Brisbane 12.1892
30-Sep-2009 H Brisbane 12.11
31-Oct-2009 H Brisbane 12.2802
 
Do you mind saying where your bedsitter is? I was talking to someone today who is searching for a one bedroom place. Perhaps you could send a link via a PM to me.
 
medians around the country are a load of rubbish, distorted by FHOG. when the GFC was in full swing everyone was d&g as the median was falling (obviously due to FHOG) - now it is rising and it is taken as a sign of real growth. IMO the real estate market is still patchy at best, stuck in the mud at worst. Perth was said to have had huge growth but I can put to dozens of suburbs that are still underwater 20%... dev sites in midland havent moved for example. villas in mandurah still down 20% on 2006 prices.

there is a lot of irrational exuberance floating around this board and I would hope anyone looking to purchase proceeds with caution and open to the many risks surrounding us
 
Ausprop said:
medians around the country are a load of rubbish, distorted by FHOG. when the GFC was in full swing everyone was d&g as the median was falling (obviously due to FHOG) - now it is rising and it is taken as a sign of real growth. IMO the real estate market is still patchy at best, stuck in the mud at worst. Perth was said to have had huge growth but I can put to dozens of suburbs that are still underwater 20%... dev sites in midland havent moved for example. villas in mandurah still down 20% on 2006 prices.

there is a lot of irrational exuberance floating around this board and I would hope anyone looking to purchase proceeds with caution and open to the many risks surrounding us
Click to expand...

Well said Ausprop.

This gives a false sense of reality, and all reports in newspapers should be disregarded for the next year or so.

Except for reports on the mighty Broncos!!:)

F
 
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