Melbourne vs Brisbane ?

In my view Melbourne has another to 4 years in the current cycle. Most estimates are that Melbourne will add another 1 million people to the population. Thats nearly 2000 a week and they are currently building only around 300 houses a week. In many cases land is in some cases as much as 12 to 18 months away from being titled.
In Brisbane prices have only gone up 15% in 5 years. While I think Brisbane will be the next market to move my feeling is that still may be a few years away. When it does go it will be Brisbane not Ipswitch

@nigel-kibel any other reasons you think other than population growth will make the Melbourne market go for another 4 years?

Nigel Kibel wrote:

Hi Micky
Apart from population growth their is also a shortage of titling land. Even if you buy a block in some cases you may be waiting a year of more.
The other thing is we also have the highest net migration from interstate since 1888. When I talk to people from Sydney I am told that many people are moving from Sydney to Melbourne because Melbourne is still far more affordable than Sydney and even if you live in a new area like Mernda you are still less than 30km from the cbd. There are lots of people also wanting to migrate to Melbourne especially with the tag of Worlds most liveable city.
So I cannot see any downward movement in the market here for some time. However it does not necessary mean that the market will keep going up at the rate that it is today. When i talk to investors i say that you need to buy for the long term if you buy on the basis of selling in a few years you are speculating. However if you are waiting for the market to fall you may still up paying more than you would today.

Hi Nigel,

Where do you suggest to look to purchase in Melbourne for good capital growth prospects, low vacancy with decent yield?

Hi everyone, I am new in this group. I am interested in property investment but have had some pains in buying and selling, even in renting.

To reduce some cost and make the investment process more efficient, I came up with this idea of making a website, a P2P marketplace FREE to post listings for sale, for rent and to buy & to rent. See http://www.pickahouse.com.au .

Therefore, vendors and landlords will not ‘blame’ agents for the $$$cost of advertising, and buyers & tenants will have a place to say what specific requirements they have from a property.

Hey Guys ,
Brisbane has been getting some good growth already over the past 2-3 years.(inner city then outwards up and down and out approx 30mins.)
It has strong potential to keep ticking over in the next 2-3 years too.
It has many areas where you can buy lower end properties too so helps with cashflow and lower risk IMHO.

Melbourne has been getting some incredible growth so not sure how long that will continue but I don’t have as much experience in this market as others.
For further out I know of some guys have been doing well out in Werribee and expecting further growth short term