Looking at an investment in NE Brisbane. In the last few weeks the increasing desparation of agents is telling, active follow up calls to confirm inspection attendence, people trying to sell before auction more aggressively than before. No one knows what amount to ask. Something odd is going on. That said we are in for the long run and dont mind going through a dip.
The Brisbane market always quietens down from early December, more so than other capitals. But could also be affordability starting to bite. Usually a good time of year to buy. Even in the craziness of 2021 I was able to pick up a property just before Christmas for a 'September' price.
Good analysis - compare any similar Brisbane & Melbourne suburbs 5 / 10 / 20km from the CBD the Melbourne ones are far more expensive. My opinion differs slightly in that I think Brisbane will be the better performer in the medium term (5yrs), but then Melbourne will push ahead again as it always does.
ONLY DISAGREE WHEN U SAID BRISBANE HAS GOOD INFRASTRUCTURE... PUBLIC TRANSPORT FOR EXAMPLE IS APPALLING... AND UNFORTUNATELY, I DONT THINK THE CURRENT AND FUTURE PROJECTS PIPE LINE WILL BE NEARLY ENOUGH
@viniciussrs100 all good, we all need to vent sometimes!. I've personally had decent experiences with Brisbane public transport but I mainly caught the bus (several buses) along the southern bus way which is all pretty quick
@@Garden-offgrid House short term killer is unemployment rate, not people not rate cut. Closely watch high rental percentage market first and mortgage sale.
@@lukewiles1 long term factor, short term is unemployment rate, which affects repayment for landlord or rent for tenants. House price will be stable for 2024
@@havemorebitcointhanyouwanna elaborate on that with stats or figures? They way I see it 2024 will Be another growth year with still huge lack of supply and high demand
Yes, massively. Just increasing the house prices is not growth just another form of inflation.
Looking at an investment in NE Brisbane. In the last few weeks the increasing desparation of agents is telling, active follow up calls to confirm inspection attendence, people trying to sell before auction more aggressively than before. No one knows what amount to ask. Something odd is going on. That said we are in for the long run and dont mind going through a dip.
100% agree. Long game is the best way to play it
Yeah, I've also had some call backs! Which 3 months ago, I wouldn't get.
The Brisbane market always quietens down from early December, more so than other capitals. But could also be affordability starting to bite. Usually a good time of year to buy. Even in the craziness of 2021 I was able to pick up a property just before Christmas for a 'September' price.
Good analysis - compare any similar Brisbane & Melbourne suburbs 5 / 10 / 20km from the CBD the Melbourne ones are far more expensive. My opinion differs slightly in that I think Brisbane will be the better performer in the medium term (5yrs), but then Melbourne will push ahead again as it always does.
what's your opinion on Russell island for the long term ?
ONLY DISAGREE WHEN U SAID BRISBANE HAS GOOD INFRASTRUCTURE... PUBLIC TRANSPORT FOR EXAMPLE IS APPALLING... AND UNFORTUNATELY, I DONT THINK THE CURRENT AND FUTURE PROJECTS PIPE LINE WILL BE NEARLY ENOUGH
YOU MUST FEEL VERY STRONGLY ABOUT BRISBANE TRANSPORT, HENCE THE USE OF ALL CAPS HAHA. we'll see how the cross river rail improves things
@lukewiles1 sorry didn't mean to sound rude lol... it's just frustration with some pub services here in QLD
@viniciussrs100 all good, we all need to vent sometimes!. I've personally had decent experiences with Brisbane public transport but I mainly caught the bus (several buses) along the southern bus way which is all pretty quick
Whats your LVR across your properties?
Approx 55%
funny when melbourne tries to compete with sydney, they are barely even 3rd most desirable ahahaha
Melbourne and Sydney are always fighting it out 😂 brisbane for the win 🏆
How do they define a dwelling? Like a unit or a house? I think if you compare houses 10ks of Melb vs Brissy. Melb would be aloot higher.
I bought a investment proerty(a house) in Brackenridge on 20170with $460k.
what do you think it's worth now?
@@lukewiles1 close to $800k
Recession is coming, no growth
@@Garden-offgrid House short term killer is unemployment rate, not people not rate cut. Closely watch high rental percentage market first and mortgage sale.
What about net overseas migration?
@@lukewiles1 long term factor, short term is unemployment rate, which affects repayment for landlord or rent for tenants. House price will be stable for 2024
@@havemorebitcointhanyouwanna elaborate on that with stats or figures? They way I see it 2024 will
Be another growth year with still huge lack of supply and high demand
@@chookie131 need to watch Feb and Bank of Japan, especially US unemployment not just watch AU. We all expect soft landing in US.