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Hello All!I’m still struggling coming to terms with all this debate in regards to the Brisbane Property Market. Currently, Brisbane and surround subs have seen high figure growth and the expectation is that it will increase. Yet some people believe that while growth will be there – it wont be at the current levels.
This is my situation.
I own a 2 br unit in Cronulla, Sydney which is worth approximately $450K. I have a mortgage of $150K. I am looking at the moment in purchasing a house / townhouse in Brisbane Metro for around $200-250K.My question is to this forum, have I missed the boat in Brisbane? I am looking for a medium term investment – that I can sell in approximately 3-5 years but are their other parts in QLD where their is still potential.
Lost Investor,
Brad[8]I have the finance ready to purchase my first IP property! Here I come
Brad,
It really depends what you want out of your investment. Yes the market in Bris is definately cooling down a little, outlying suburbs are still pretty strong, the rental returns are fairly low, compared to purchase prices, but cap gains are still good. Stay away from CBD units and be cautious about other units townhouses. houses are pretty safe.
With the predicted levels of migration to the area, I still see good growth yet to come.
Look at your strategy, if you would benifit from neg gearing, Brisbane may be for you, but if your after cashflow as well as cap gains there are much better areas.
Hope this helps (and made sense)!Cheers,
Scott S“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anonBrad,
Have a look at Suburbs North of Brisbane. From Caboolture North up to the Sunshine Coast, these areas are experiencing population growth of in excess of 3% pa. In real figures this equates to approx 70 couple’s per week. I can tell you first hand that land is in short supply up here. For a population of over 250,000 people the supply v demand theory is completely out of whack. Supply cannot keep up with demand. At present there are approx 4 major property developments offering waterfront living. These developments are starting to complete there final sales. Answer- Demand will start to scream and prices will push even harder. My advice – get up here and get up here now, this market aint finished. How can I say this with the utmost confidence, easy I have lived here for 26 years and no the market and geographics like a sailor knows the sea.
All the best.
Drewboy.[
]Here! Here! Drewboy,
I couldn’t agree more but it’s all around Brisbane. Ipswich is seeing the same thing(although the climate is not as nice), and down south between Bris and the Gold Coast, too!
Personally my choice (to live anyway) would be the Sunshine Coast.
Capital gains are all about supply and demand, as Drewboy has said there is a scant supply and a very high demand!Cheers,
Scott“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anonHeard on ABC News Radio tonight that Biz Schapnel (sp?) is still indicating that while property prices are slowing down, they are still predicting up to a 36% growth in Brisbane over the next 3 years. Sounds promising for the short to medium term.
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