Brisbane Property Market

When it comes to public transport in Brisbane i wouldn't be holding my breath, just ask the Redcliffe residents who have been waiting for their proposed train line for 20+ years!

dbt,

while your right, the first home owner grant has kept that market bouyant, I would not say it has really forced prices up too much. There are still plenty of Developers and vendors looking to sell. Doom and Gloom isn't always a bad time to buy either. Make offers, they can only say no – and heres a tip, even if the salepeople tell you the vendors won't budge, chances are they will. Infrastructure and local gov. activity is a great way to gauge a place but is not the be all and end all either, a bargain is a bargain is a bargain and that can be anywhere. I am not saying cheap is good, but a bargain is good. if that makes sense. Homework is the key.

I read a post a few minutes ago and some one mentioned it is a looonnnggg time coming for price increases, while i am sure he was a little bit tongue in cheek and commenting in general on the current "crisis", it was not entirely accurate, depending (of course) on where you are, prices in some areas have not dropped much , if any at all. and some places have seen prices still going up – snails pace granted but still heading north. Certainly Brisbane is a strong market to come. Good Luck and remember do your homework.

Adamtk: Carindale is a good area. It has good public transtport (buses) with a major shopping centre close by. Camphill is the suburb closer into the city from it. That suburb at present is going through alot a reno's stage. Mainly people buying old homes raising them and building in underneath.

For starters be just as cuatious about listening to doom and gllom as you are with HOT Tips…..they can both burn you badly……

I search all over the place for data and consistently the most objective market data thats free is produced by quartile at http://www.quartile.com.au

Im also a specialist in Search engine technologies and i can tell you right now the property searches are running red hot……that does not necesarily mean conversion to sales, but the internet traffic has a correlation in previous trends. Right now the internet traffic is definitely on the climb, hardly indicating any doom and gloom.  PArticularly for inner suburbs of brisbane….

I own a property in Fortitude valley and get regular updates and sales data from the surrounding agents, i choose to stay on thier email and mail lists for updates.. Right now there is a lot of low to middle stock selling…….

Will it all end with the FHOG ?????????  who cares porperty is not that short term an investment…………

As for the crap on telly this week, since when has a proffessor of economics ever been able to make one sweeping staement that is true of all real estate micro markets operating on thier own supply and demand curves with localised employment and asthetic issues affecting prices, under and over supply of building and all the other micro economic factors…….

That proffessor just proved what a Pratt any proffessor who thinks they can categorise the whole austrailain market into one picture really is…….what a foool…..and the bigger fools believed it.

Theres no doubt the rising unemployment will ut pressure on some markets, but hey the other 98% of the working nation are still in jobs, still with rising wages and ever increasing tastes and desires, dont lose site that a recession is only negative growth for a while no matter how small – its not armageddan…..

Buy when the herd is running scared and sell when the herd is buying like there is no tommorrow….