Brisbane Hot Spot

Viewing 6 posts - 1 through 6 (of 6 total)

grizzly
Member
@grizzly
Join Date: 2002
Post Count: 4
March 5, 2003 - 1:34 am
Hi Steve,
Brisbane seems to be the next hot spot
in the country (0-15kms) from city.
I am thinking of purchasing.Im from sydney
and it worries me about trying to manage
property from so far away.
Anyone know good property managers.
Thanks
AD
Participant
@ad
Join Date: 2002
Post Count: 636
March 5, 2003 - 2:12 am
Hey Grizzly,
Why do you say Brisbane seems to be the next hot spot ? It has already had phenomenal growth and yields are down to sydney/melbourne levels on the whole. Where you talking about specific areas or just generally ? Love to hear your thoughts being a Brisbanite.
Enjoy
AD [:0)]
“Carpe diem, quam minimum credula postero.”
Lat., “Seize the day, put no trust in tomorrow.”
-Horace, Odes
Administrator
Keymaster
@piadmin
Join Date: 2013
Post Count: 3,225
March 5, 2003 - 2:40 am
Hi Grizzly
My unit in Brisbane 6km from cbd has just gone up in value $48,000 ( official valuation) in the last 8 – 10 months. It has grown $55,60,000 since 2000. It had hardly moved for the last 2 years and then jumped. The valuer told me that had I bought a house I would have been laughing. HOWEVER this property is NOT cash flow positive. I use Ideal Reality to manage it and can say that they have been most helpful and effecient.
Cheers Isagold.
grizzly
Member
@grizzly
Join Date: 2002
Post Count: 4
March 5, 2003 - 1:07 pm
Hi AD
I do a fair amount of research on the internet and in property investing magazines.
Also BIS Schrapnel forecast is 20% growth
in Brisbane suburbs to 2005.
Also 2 investment companys say the same
(not that I beleive them).
Bianca
Participant
@bianca
Join Date: 2003
Post Count: 3
March 6, 2003 - 2:30 am
Hi GRizzly,
I live in between Brisbane and the GOld Coast and have been investing in property for nearly 2 years. The places that still have bargains are along the M1 corridor.It is having amajor growth spurt at the moment but there are still properties that give you a positive return. Two examples are a house sold yesterday for $120000. and was rented for $185.00/week.in Daisy
HIll.2. I bought a house in MT Warren Park for $140.000 and the rent is $200.00/week. The Beenleigh and surrounding suburbs are still good investments but be quick as in these areas property us selling very fast.Negotiate management fees.
McMahon
Member
@mcmahon
Join Date: 2003
Post Count: 5
March 17, 2003 - 5:26 am
I have a townhouse in Kelvin Grove which is about 3km from the city. Yield is good at nearly 7%. I’ve found that yields are MUCH better than Sydney or Melbourne and I’ve also read that there is probably still a couple of years of growth in Brisbane. Inner city suburbs still appear strong but many are cautious about CBD apartments short to medium term.