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
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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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltdyes, 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
brisbaneRoberts 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.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
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
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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