what's the average annual Brisbane house price growth over next 2 years going to be??

[mixedup]

what's the average annual Brisbane house price growth over next 2 years going to be???

(of course no-one knows - but I'm really interested to see/hear what people who've been in property over multiple cycles think)

 

[Sunfish]

of course no-one knows

So why ask? Jeeeez!!!!!

 

[mixedup]

cause it's fun / interesting

 

[craigb]

cause it's fun / interesting

only if your interest is in brisbane !! otherwise silly post?

 

[mixedup]

oh, I don't know...I wouldn't say all posts about Melbourne & Sydney were silly

 

[Sunfish]

cause it's fun / interesting

You are asking a very partisan group to reinforce your prejudices actually.

They are your dollars, spend the time and read widely.

I was not really objecting to banality of the post but the lazyness behind it.

 

[mixedup]

then 90% of the posts on this site are from Lazy people then

 

[Sunfish]

Those that are asking for a consensus about the future mostly are. It's a parlor game.

 

[willair]

what's the average annual Brisbane house price growth over next 2 years going to be???

(of course no-one knows - but I'm really interested to see/hear what people who've been in property over multiple cycles think)

You would have to break it down into several sections what price range are you talking about 330k-500k 1-5 mill and above every area will be different, but in the area that we invest in i just hope they stay at the same level..willair..

 

[Aimjoy]

what's the average annual Brisbane house price growth over next 2 years going to be???

If you really want to reduce reading chicken entrails to an exact science, then pay for a Residex predictions report. They get paid for this kind of stuff.

 

[plusnq]

Residex predicted 5% pa average for Brisbane, Melbourne, ACT and Adelaide over the next three years. Sydney, Darwin and Hobart 7% over same time period. Source March 2008 Residex Report QLD

Cheers

Shane

 

[marg4000]

Which, if correct, means no real growth for Brisbane, as inflation is already running at over 5%.
Marg

 

[plusnq]

Depends if you borrow in real or nominal dollars

 

[ianvestor]

only if your interest is in brisbane !! otherwise silly post?

Well duh, in that case the whole forum is silly unless your interest is in property investing.

 

[sue78]

I don't think there will be any growth.

A $700k house now will still be $700k in 2 years. But you can still make money if you build a house + land in the same area for $500k

I am just finishing a new build now. Cost $360k rent $500p/w. Last year I projected CG to $450k on completion conservatively just based on existing prices.

Current valuation is $500 to $520k. Not bad growth for 1 yr.

 

[BayView]

Depends if you borrow in real or nominal dollars

What's a "nominal dollar"?

 

[boomtown]

Depends if you borrow in real or nominal dollars

And who would be stupid enough to borrow in real dollars

 

[mixedup]

Which, if correct, means no real growth for Brisbane, as inflation is already running at over 5%.
Marg

correct me if I'm wrong, however inflation isn't a key factor for an investor following the living off equity concept is it? That is the key would be one is aiming for the Growth to be greater than the increasing Debt on the property loan (assuming interest is greater than rent - costs + tax benefit). That is so the say 5% increase in value in theory can be used to increase one's equity (via getting a re-valuation) and increase your buffer you use to service debt. Well at least this is the living off equity concept as I understand it.

 

[spark]

Since property markets tend to lag behind sharemarkets by about 18 months, I would expect drops between 30% and 40% (for those 2 years).

 

[mixedup]

but how would you reconcile your projected drop with what plusnq posted "Residex predicted 5% pa average for Brisbane, Melbourne, ACT and Adelaide over the next three years"? i.e. an increase...