Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
Seven factors to drive new Brisbane property boom
Topic Started: 16 Sep 2014, 07:34 PM (2,584 Views)
Admin
Member Avatar
Administrator

Quote:
 
The seven factors behind Brisbane’s upcoming growth: John McGrath

Jennifer Duke | 16 September 2014

Given Melbourne and Sydney’s strong growth, John McGrath says that it may be wise to turn attention elsewhere – specifically, Brisbane and South-East Queensland, where he expects to see the best capital growth of all the major cities over the next three years.

He suggests that it will be a fantastic opportunity for southern state-based investors, downsizers and seachanging families.

"Upgraders are driving most markets in Queensland, with increasing interest from Melbourne and Sydney investors chasing better yields and value,” he noted in his most recent McGrath report.

“Last year, the sub-$1 million was the standout sector, this year it has extended to sub-$1.5 million. The $500,000 to $700,000 bracket is very strong, with lots of families selling to upgrade to $1 million plus properties and lots of buyers ready to compete for their homes."

He detailed that Brisbane is in the beginning of its growth cycle.

This is characterised by the following seven factors:

More local and out of area investors

More families upgrading while value remains

First home buyers looking to get out of the rental cycle

Returning developers

Number of sales goes up

Days on market goes down

More buyers attending opens and registering to bid at auctions

"All of this is happening in Brisbane right now and it's finally starting to have an impact,” he said, noting that as Sydney and Melbourne’s growth slow down, we can expect Brisbane’s to ramp up.

The inner ring markets, that is five to six kilometres from the CBD, were noted as being in “strong demand” followed by the middle ring, 10 kilometres out.

"We are starting to see that classic ripple effect as more people expand their search to the middle ring where they can get bigger blocks at slightly better prices yet still with easy access to the CBD,” he said.

"More buyer's agents are setting up in Brisbane - indicative of increasing demand from interstate clients."

Larger infrastructure projects, including hospitals, are also likely to drive growth over the next few years.

Read more: http://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/35745-the-seven-factors-behind-brisbane-s-upcoming-growth-john-mcgrath.html
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


From the same website, same day :lol

JONATHAN CHANCELLOR | 16 SEPTEMBER 2014

Beware the Brisbane boom property spin as Anna Bligh secures 0.4% annual gain

The former Queensland Premier Anna Bligh has sold her Highgate Hill, Brisbane investment apartment for $622,000, reflecting 0.4% annual price gain over her five year ownership.The sale price didn't cover its initial $20,000 stamp duty.
http://www.propertyobserver.com.au/finding/location/qld/35735-beware-the-brisbane-boom-property-spin-as-anna-bligh-secures-0-4-annual-gain.html

A real sale, real statistics don't lie. Suck it down Brisbane bulls.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
lulldapull
Default APF Avatar


The single biggest factor or lack thereof is jobs.

The jobs market is extremely tight in brisi after the mining bust, not to mention the completion of the failed LNG pipeline projects. :bye:
Profile "REPLY WITH QUOTE" Go to top
 
peter fraser
Member Avatar


goldbug
16 Sep 2014, 07:43 PM
From the same website, same day :lol

JONATHAN CHANCELLOR | 16 SEPTEMBER 2014

Beware the Brisbane boom property spin as Anna Bligh secures 0.4% annual gain

The former Queensland Premier Anna Bligh has sold her Highgate Hill, Brisbane investment apartment for $622,000, reflecting 0.4% annual price gain over her five year ownership.The sale price didn't cover its initial $20,000 stamp duty.
http://www.propertyobserver.com.au/finding/location/qld/35735-beware-the-brisbane-boom-property-spin-as-anna-bligh-secures-0-4-annual-gain.html

A real sale, real statistics don't lie. Suck it down Brisbane bulls.
Same website but difference views from entirely different people.

Since 2010 Brisbane property prices would have fallen maybe 20% in real terms from high to trough. Back in 2009 Brisbane median price was just $20K below the Melbourne median house price, but there is a wide difference now of about $175K

I think that Brisbane will catch up a lot of that over the next 2 years, but never fully catch up.
Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
ThePauk
Member Avatar
Diamond Member
peter fraser
16 Sep 2014, 08:32 PM
Same website but difference views from entirely different people.

Since 2010 Brisbane property prices would have fallen maybe 20% in real terms from high to trough. Back in 2009 Brisbane median price was just $20K below the Melbourne median house price, but there is a wide difference now of about $175K

I think that Brisbane will catch up a lot of that over the next 2 years, but never fully catch up.
And that is the main point. Different people with different views and the housing market does not follow any cycle or rules.
People change, CJ and others for example.
Buying a PPOR is an emotional decision, always has been and always will be.
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


ThePauk
16 Sep 2014, 10:32 PM
Buying a PPOR is an emotional decision, always has been and always will be.
Only for some. For me it's pretty much always been "Can I make a buck out of this piece of shit?"
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Elastic
Member Avatar


The Brisbane boom is to the bulls what the housing crash is to the bears.
Always just around the corner.
If a market performed based on how much it had been spruiked then I reckon Brisbane would be in the stratosphere. Who knows it may still happen but unless the investors and foreign buyers pile in like they have in Melbourne and Sydney then you could be waiting awhile.
Only a rat can win a rat race.

Profile "REPLY WITH QUOTE" Go to top
 
Will
Unregistered

I've just arrived back from overseas.

One thing about Brisbane, it is one seriously boring, sterile place. The street life is not existent for such an outdoorsy place like Queensland. Seems to be be quite different feel then "indoors" places like berlin or Amsterdam. The council has done a remarkable job covering all the graffiti by the trains lines. Nice lovely pale green paint in place now. Does anyone really like this? I sure don't but I guess our democratically elected leaders are just doing what we wish them to do.

Also, while on the train, a lovely message came over while on the air train "customers are reminded that police and security officers patrol this train" very charming, not something I've ever heard in other trains.

Then there seems to be heaps of apartments around the inner areas under construction. And if you want a new house, you can go out to north lakes or Waterford way. Ipswich and beyond. Lots of lovely urban sprawl.
"REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Elastic
16 Sep 2014, 11:22 PM
The Brisbane boom is to the bulls what the housing crash is to the bears.
Always just around the corner.
If a market performed based on how much it had been spruiked then I reckon Brisbane would be in the stratosphere. Who knows it may still happen but unless the investors and foreign buyers pile in like they have in Melbourne and Sydney then you could be waiting awhile.
Ha ha ha, very funny :lol

Peter will have a walking stick before brisbane sees any worthwhile growth. But how long it lasts , is anybodies guess. See how those interest only loans are going then, at 7-8% :lol

"REPLY WITH QUOTE" Go to top
 
Admin
Member Avatar
Administrator

Quote:
 
Brisbane to outshine with 17% growth over next three years: QBE

Jennifer Duke | 8 October 2014

Posted Image

The QBE Australian Housing Outlook 2014 expects Brisbane to outperform the other capital cities over the next three years, tipping 17% median house price growth on the back of a supply deficiency that will remain over that time.

The forecasts are from research house BIS Shrapnel.

Sydney’s forecast growth from BIS Shrapnel is 9% over the period, while Melbourne is expected to see 5% growth. Adelaide and Hobart are forecasted to see 6% and 5% growth respectively.

Perth can expect a 2% decline over the three years, while Canberra and Darwin will remain stable at 1% and 2% growth.

This will bring Brisbane’s median price to $550,000 by 2017, with Sydney still far surpassing other capital cities at $885,000.

The forecasts expect drops in 2017 for both Melbourne and Sydney, of 0.7% and 3.3% respectively, dropping Sydney down from a median house price high of $915,000 in 2016.

Brisbane will see strong growth of 7.4% next year, almost matched by Sydney’s suggested 7.2% growth. This slowly drops off in Sydney, but continues surging, with Brisbane expecting to record 7.5% growth in 2016 before a further 1.3% in 2017.

Read more: http://www.propertyobserver.com.au/forward-planning/investment-strategy/market-trends/36553-brisbane-to-outshine-with-17-growth-over-next-three-years-qbe.html
Attached to this post:
Attachments: BIS.jpg (85.66 KB)
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Fully Featured & Customizable Free Forums
Learn More · Register Now
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy