Would like anyone’s thoughts on what they think will happen with the Brisbane Property market over the next 5 (or so) years?
I cant tell you what will happen but I can tell you what I think may happen.
My money is on slower capital growth say 10% pa over the next couple of years. My reasoning is because it offers the best value on the east coast.
By value I mean (1) low vacancy rates (2) lower priced property relative to distance from CBD (3)population growth (4) strong economy.
I dont think there is room for huge growth say 30%pa over the next 5 years. I think those days are over.Again this is highly opinionated. But many market analysts have been saying Brisbane has still some go in it.
If I was starting out I would put money in Brisbane before I put it in Sydney or Melbourne.[^]Interested to see what others think ?[?]
MJK
Matusik is considered to be the expert on property in Brisbane. Go to:
You can check out the “snapshot” newsletter he does- and subscribe to it. Also, type “matusik brisbane” into http://www.google.com and go to australian sites only.
Australian Property Investor magazine always quotes him when they do articles on Brisvegas.
kay henry
I AGREE TOTALLY MJK
Go to http://www.bulletin.ninemsn.com.au
Scoll down the page and find the article “Crystal Ball”
Read the property link.[^]
As you can see I dont know how to put a link in!but its a good read.[
]MJK
WE are currently undertaking to develop 40 townhouses in Coomera next to Dream World. West Field is planing to start construction of the new shopping centre, Coomera is predicted to become larger than Robina, I personally feel pretty confident.
Check out Residex and perform you normal research, good luck … Philip
Hi Guys,
If your looking for more reports.
Your Mortgage Magazine and Property Investor seem to both have reliable data for Brisbane as a whole.
Cheers,
sisThe key to buying in brisbane in times of moderate growth is…….
MAKE SURE YOU BUY AT CORRECT MARKET PRICE NOT ABOVE!!!
Buying at auction or private sale usually achieves this but buying from a developer rarely does.
If you cant be in Brisbane yourself get a good buyers agent to help you.Just a hint for those getting started.[
]MJK
I bought properties within the last twelve months, ranging from 135-151, all are now able to be placed for quick sale on the market (recent appraisals) for over 210k, that was a min increase in 6 months of 60
However, I consider timing was the key, and not good planning. Luck? well whatever it was, I was happy and tenants are good in some, one bad apple in there.
I think the hype and all these books
and these DYI shows have created an artificial boom. I am of the beleif that some are seriously going to suffer for taking on financial projects that could end them in hot water.Rather like gambling on a poker machine in my books…if you cant afford to lose it….dont spend it (or waste it if gambling on the pokies!)
Do your sums, do some research and make up your own mind. That way you cant blame anyone else for mishaps, and you can take all the credit
Cheers
Lynn
Elves
Elves,
You may have been in the right place at the right time by accident but those of us who have been doing property for more than ten years make it a habit.
And dont forget some see what others dont.
MJK[
][][:o)] Would anyone be able to recommend a good buyer’s agent in Brisbane based upon personal experience?
thanks
kitdoctorKit doctor,
I sent you a contact that can help with cap growth property by email.
MJK[
]Hey MJK,
Any chance of getting the contact sent to my email on cap growth???Very interested in the brissy market.
Regards
claudeI see a lot of prices and areas in Brissie right now that don`t really add up, therefore I still think there are some great opportunities out there.
I`ve lived here for a long time and watched prices for many years.
It`s a bit difficult to pick but you will need to be selective to get the best gains.
I do think Brissie will generally still climb but at a much slower rate than it has in the past couple of years.Quoted:
Would like anyone’s thoughts on what they think will happen with the Brisbane Property market over the next 5 (or so) years?1/3 – Boom
1/3 – Bust
1/3 – NeutralWarm Regards
ChanDollars
[Keep going, you’re nearly reach the end of financial freedom]slower growth, but faster than elsewhere, slowing down
not boom, just my opinion
elves
]
]
and these DYI shows have created an artificial boom. I am of the beleif that some are seriously going to suffer for taking on financial projects that could end them in hot water.
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