Hi folks, New to this type of business. Prices have rocketed ahead in Brissie. Will they fall back after all this mayhem or what?[
][]My only thought on this one Staurt is if you buy well and the property fits your goal, does it matter what the prices do ?
To ask if Brissie will fall or gain is also very ambiguos. Brisbane is a very big place. I listened to Michael Matusik speak a few weeks ago and his firm predicted that SEQld would see an average growth of 14% for the next few years. To me that is great but that also means some places do 1% and others 25%. An a average is just that. Sorry for the lack of a straight answer Stuart but where in Brisbane do you want to hear about ?
Enjoy
AD [:0)]
(Andrew)“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
Hi Stuart,
Do you know will I win lotto tomorrow?
It is very hard to predict. Isn’t it?. I would say the same for the property market. I thought the prices were very high early last year but I was so wrong. It is all determined by state of the economy, interest rate, willing to invest, greed etc. But one thing for certain is the yield is very low. We are all banking on the growth.
It reminds me of good old days of dot com.
Ta, Paul
Hey paulthemagnet.
What are your numbers??? (lotto, that is)
MartyMarty, don’t tell me you are a magician too? Paul
Stuart,
Brisbane and Gold Coast prices still have a long way to grow before they reach the low yields of Sydney properties.
What I’m trying to say is that for example, my unit in Sydney is achieving around 4.1% return and house in Sydney 3.3%, while my unit in Southport(QLD) is returning 6% per year.
Reports in July edition of Property Investor magazine reflect the same.Just a thought
Milo
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