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  • Profile photo of possierichardspossierichards
    Member
    @possierichards
    Join Date: 2004
    Post Count: 2

    Word on my “street” is that the real estate boom that we have been experiencing of late is on it’s way to levelling out. My “street” is south east Queensland. Is anyone out there hearing the same? Is there any feedback or theories as to what is happening and how us property investors should be thinking/acting?[blink]

    Byefornow

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    Your street must be living in a bubble and the bubble just burst – this is old news!

    Robert Bou-Hamdan
    Mortgage Adviser

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    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    yes, levelled out, downward pressure on outer areas (>15ks cbd)

    vacant land in most areas seems really hard work given construction costs

    rental returns improving – so its not all doom and gloom.

    1000 people per week net migration to the sunshine state (read south east corner, why go anywhere else?) so supply / demand issues should be better catered for than in sydney and melbourne.

    cheers

    brahms
    [email protected]
    mortgage broker
    brisbane

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Roberts right that is old news.

    However thankfully Qld is a big State. We have dozens of properties around regional Queeensland that we purchased outright over the last 6 months and are no looking to wrap them.

    Knocked down in the rush of enquires and the prices have gone up considerably.

    Stay away from the Big Cities and you can’t go far wrong.

    Cheers Richard
    richard at fhog.com.au
    http://www.fhog.com.au

    There is no such thing as a problem.
    Just a solution waiting to be found

    Richard Taylor | Australia's leading private lender

    Profile photo of Beata2Beata2
    Participant
    @beata2
    Join Date: 2005
    Post Count: 8

    By “big”, I am assuming you mean capital cities with their overheated property prices. But when is “small” too small. For example, would you buy an IP in a township with a population less than 10,000, even if it is a ‘regional center’?

    B2

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    nice query b2,

    having lived in the sticks half my life i’m a passionate metro convert (for me too small is <1 000 000)

    i’m not sure what you mean by overheated property prices as the market is simply registering what people are willing to pay for proximity to jobs, education, medical, transport, sport, social outlets, diversity, opportunities, growth – you know, general present and future amenity.

    maybe you just meant high value property?

    cheers

    brahms
    mortgage broker
    [email protected]
    brisbane

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