All Topics / General Property / QLD Property Market
Hi All,
Just wanting to get everyones thoughts on when the QLD property market will see a bit of decent growth again?Obviously the mining areas do their own thing and there are a couple of other sub markets but QLD in general has been quiet for some time.
Anybody, or is everyone to wrapped up with the USA these days?
I believe the Queensland and especially Brisbane is undervalued. There is a lack of confidence there at present. I think once you get a change of government you will see the market start to move up. We are interested in any development projects that we can pick up. So we are speaking with our money. If anyone is interested in being involved directly in projects let me know.
Fredo asked if anyone was wrapped up in the states. I have been buying there since 2005 and can help anyone purchase in America.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
I know something about this subject
Generally been quiet since 2007, I have some detailed charts and percentage returns on here to look at in terms of Brisbane specifically.
https://www.propertyinvesting.com/forums/property-investing/general-property/4342936Hi Andrew,
I haven't been following the Gold Coast market closely for over 18 months and was wondering what your opinion on the likely effect the 2018 Commonwealth Games will have on the GC market. I notice Michael Matusik thought the impact would be negligible at best.
My understanding is that mist of the facilities required for a games are already in place and only minimal additional structures are required; from memory boxing/wrestling (?) in Coomera.
If this is the case it will be interesting to see whather or not some marketing groups etc start trying to create the image that the GC is due for a games led boom.
Your thoughts?
Yep, I also reckon that brisbane and other parts of QLD are undervalued.
In regards to the Cth Games, yes I do think that some marketing groups will try and exploit the hype for the GC.Derek I have no reason to disagree with Matusik on this one about the Gold Coast, seems reasonable.
Andrew, Thanks for you valued feedback. Michael seemed to think there was a lot of song and dance about not much.
Derek wrote:Andrew, Thanks for you valued feedback. Michael seemed to think there was a lot of song and dance about not much.
I would expect there might be local benefits in terms of infrastructure perhaps, on a suburb level, but wonder about the impact on a more general level for a city of half a million+ people.
The Gold Coast has been having this debate about 'Indy' for years in terms of is it worth it.
Would expect like the last boom the Goldy will begin to look very interesting once fundamentals start looking compelling, need look no further than 'yield' as your one proxy for total market indicators here I think. I remember buying in 2001 on the coast when prices had been flat for a decade and getting +ve cashflow yields.. those were the days
QLD, like all states is a big place. There are hundreds of markets that exist so it's hard to say that a whole state is good or bad.
As long at you have Infrastructure, Government Spending and Population growth, it doesn't matter where it is, you will do well.
Don't get sentimental about locations, but rather look for the 3 factors above and you will see capital growth.Latest Matusik thoughts on Brisbane.
PISTORE wrote:As long at you have Infrastructure, Government Spending and Population growth, it doesn't matter where it is, you will do well.Couldn’t disagree more. You only have to look at US examples to see the folly of that approach. Property is driven by individuals personal financial situation. That includes job security as number one and then their total wealth. Availability of credit at reasonable terms generally follows.
Markets are drifting down because job security is a real concern on global worries and even if one feels secure then credit availability is becoming more difficult and expensive.
Head winds are increasing for the property market and the future outlook is stormy at best. Europe is slowly going into a death spiral, China is headed for a hard landing and median growth of 4-6% for the foreseeable future and the US is doing it’s best to eviscerate its economy.
How the resource sector can sustain current numbers past the next few years mystifies me in a deleveraging world. Everything I see suggests the resource sector will rebalance back to something like 2005 levels (possibly lower) and stay there for some time. That doesn’t bode well for the Aus 2 speed economy.
The Freckle
You must be logged in to reply to this topic. If you don't have an account, you can register here.