All Topics / General Property / Brisbane market forecast

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  • Profile photo of LancehaterLancehater
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    @lancehater
    Join Date: 2008
    Post Count: 19

    Bis shrapnel report estimating brisbane market up 17% in next 3 years.

    Sounds good to me!

    Profile photo of Nigel KibelNigel Kibel
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    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425

    Not Sure that BIS Shrapnel reports are always accurate however it has been my view for some time that the Brisbane inner city market is at least 10% under valuated. Now I am talking about suurbs that are within 10km of the CBD. I am sure that there are locals who know of other suburbs that are also performing well. However if you are buying or own property in inner city Brisbane I would expect that you will do well over the next few years.

    My only concern is that with all the changing planning laws that make it easier to develop in Brisbane there is a danger that within a few years you could get oversuppply in the market however for now I do not think there is a lot of downside. 

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
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    Profile photo of Jamie MooreJamie Moore
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    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    Yep, most reports that I've read recently have indicated that the Brisbane market is on the rise – the last two include the Herron Todd White month in review and the Domain housing report for June 2013.

    I've got links to both reports here.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of J&TJ&T
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    @jye-and-tahnee
    Join Date: 2011
    Post Count: 37

    Hi Jamie,

    Are you able to pass on the links to those reports – or point me in the right direction?

    Cheers, 

    Profile photo of N@than[email protected]
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    @n-than
    Join Date: 2010
    Post Count: 241

    Jye and Tahnee,  If you click on the blue 'here' it will take you to jamie's link. Then same again when you are on that page to view the report

    Profile photo of J&TJ&T
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    @jye-and-tahnee
    Join Date: 2011
    Post Count: 37

    LOL! Good on ya Nathan – the blue didn't really show up on my screen. 

    Cheers mate.

    Profile photo of FreckleFreckle
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    @freckle
    Join Date: 2012
    Post Count: 1,681

    The current risk with RE markets at the moment is that they're running on hype and BS. 90% of the population wouldn't  know what's actually going on from one day to the next and rarely does the average Joe consider fundamentals in general discussions.

    As I keep saying to people; market hype, political hype and industry hype can drive a market for only so long. After that if fundamentals don't stack up then the market corrects to reflect reality.

    17% may sound good but it's only 5% per year on average. If you aren't getting 7-8%pa then your rental yields better be good to compensate or you're simply going backwards.

    The problem for Qld and by default Brisbane, is there is very little economic upside in the short to medium term (3-5yrs) and not a lot of confidence in economic uplift beyond that. There will be the odd suburb or two that will jump for short periods but over the long term their average growth will invariably reflect trend. I see too many investors who get excited about short term jumps in suburb prices and then ascribe some level of general market confidence to these rises. 

    Most investors don't realise they need to get around 10 -15% CG in the first 3 years just get back to break even on ingoing and the first 3 years operating costs. 

    I tend to think that making a buck in this market climate will require a much more pragmatic approach than in the past. Those that specialise in particular markets with specific investing methodologies will more than likely do better than most.

    Profile photo of LeftyLefty
    Member
    @lefty
    Join Date: 2010
    Post Count: 40

    Hey Freckle, 

    some might say you  have been sighting the sun to long :-) , but agree a on a lot of what you have said in your post. It takes more than just buy & holds in this market/climate.  5 % yields per year will not get me out of bed I am sorry.

    regards

    greg

    Profile photo of FreckleFreckle
    Blocked
    @freckle
    Join Date: 2012
    Post Count: 1,681
    Lefty wrote:
    Hey Freckle, some might say you  have been sighting the sun to long :-)

    LOL.. heading back to NZ in 2 weeks. Snow and rain everywhere…..brrrr.

    It's time to circle the wagons. I don't like what I see coming in the next decade. NZ has a small sparse population that is flexible and adaptable. No matter how bad things get NZ will be luxury and security by comparison. 

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