What do you think will be the best Capital City for growth/less affected by downturn?
- Thread starter INVSTOR
- Start date
Sydney....
I don't think "a mining town" is a capital city..... Yet 
Depends on the time frame, but over the short to mid term (now - 5 years) I'd have to go with Sydney, Brisbane and Perth in that order. Although I think this next decade belongs to units more so than houses in the 2-10km radius at least. I'm certainly not as bullish as Mr Edwards at Residex though with my CG forecasts though and think immediate cash flow is more important than ever.
With interest rates dropping and sentiment still subdued theres a lot of similarities with mid '08 and opportunities all around.
With interest rates dropping and sentiment still subdued theres a lot of similarities with mid '08 and opportunities all around.
whichever has the most immigration and infrastructure. sydney or melbourne.
Brisbane ...Brisbane ...Brisbane ...all the way is what I think at least over the next couple of years.
Industrial land in Perth.....hang on a minute.....
http://www.colliers.com.au/sitecore...roperty/Commercial_Retail_and_Industrial.aspx
This one just sold for 3.5m, so over $ 600 per sqm of land. Zippety doo-dah !! That's gotta be good.
Rents have jumped between 25 and 30% as well since last year.
With the Perth CBD vacancy rate at ~ 1.8% (very very low) the capital growth rates and rental jumps are going off like a frog-in-a-sock as well.
Joy to the world......what's a downturn ??
http://www.colliers.com.au/sitecore...roperty/Commercial_Retail_and_Industrial.aspx
This one just sold for 3.5m, so over $ 600 per sqm of land. Zippety doo-dah !! That's gotta be good.
Rents have jumped between 25 and 30% as well since last year.
With the Perth CBD vacancy rate at ~ 1.8% (very very low) the capital growth rates and rental jumps are going off like a frog-in-a-sock as well.
Joy to the world......what's a downturn ??
Maybe Brisbane,the last time it went on the slide in 1991 till about 1998 then again slow around 2001 then gang busters till 2008 up till now values have still about the same as in 2008,and it may take another 5 years till it starts again,so i would say Brisbane,or Monto for 100k or less,renting for 200 plus,and with several old start-up various mines in the pipeline or belly-up...imho http://www.realestate.com.au/property-house-qld-monto-105819700
Hi, this is a gut reaction which I can't explain with numbers or research so don't kick me.
NOT Canberra?
The same gut reaction says Brisbane is the best followed by Perth.
The brain reaction says it may have something to do with population.
Now to deal with some action to follow the guts.
KY
NOT Canberra?
The same gut reaction says Brisbane is the best followed by Perth.
The brain reaction says it may have something to do with population.
Now to deal with some action to follow the guts.
KY
not sure why there is talk of a downturn - what has the past 4 years been?
WA economy grows twice as fast China's:
http://au.news.yahoo.com/thewest/a/-/newshome/13888448/wa-economy-grows-twice-as-fast-as-chinas/
WA economy grows twice as fast China's:
http://au.news.yahoo.com/thewest/a/-/newshome/13888448/wa-economy-grows-twice-as-fast-as-chinas/
Here here for Newcastle!
Major port expansion.
