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Brisbane Inner City Apartments - possible oversupply; This probably also applies to other capitals
Topic Started: 26 Oct 2014, 06:10 PM (2,810 Views)
Emmanuel
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b_b
29 Oct 2014, 07:15 PM
I'm sure you did your fair share of the whinging.
I love the government. They're there for a purpose, but I wish they would stop harping on about deficit spending. It's all political (if you koow what I mean).
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b_b
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Emmanuel
29 Oct 2014, 09:05 PM
I love the government. They're there for a purpose, but I wish they would stop harping on about deficit spending. It's all political (if you koow what I mean).
:lol
You are the gift that keeps on giving. Why do you take the opposite position at MB?
(S – I) + (T - G) + (M - X) = 0
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Blondie girl
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While the rest are bizzy wiping each others butts ...
I have a Qn.

Is there really an oversupply risk of apartments built in Brissie?

With Low IR developers have greater access to cheap $ that's the way it works. It's the apartment location that would be the main factor that would promote capital growth.
The developments that usually involving capital growth factors the lifestyle hubs near the city that near Cafes, theatres etc that appeals a lot of the downsizes, DINKS, singles, investors, & foreign investors.

Just realize with innercity stuff, ...with apartment buying is the fact what today is a nice view...
May be the back of another concrete block building tomorrow.

:bl:

Edited by Blondie girl, 29 Oct 2014, 10:18 PM.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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miw
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Blondie girl
29 Oct 2014, 10:16 PM
Is there really an oversupply risk of apartments built in Brissie?
To my mind, in the CBD and in several suburbs close to the CBD, yes.

Mind you, they always seem to be overbuilding.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Blondie girl
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A very neutral answer MIW. ...

The thing is with any construction boom in a city enviroment there's always an element of risk for surpluses of inner city apartments.

Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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miw
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Blondie girl
30 Oct 2014, 12:38 AM
A very neutral answer MIW. ...

The thing is with any construction boom in a city enviroment there's always an element of risk for surpluses of inner city apartments.

Well, it is impacting rents somewhat. I would not characterise the oversupply as being acute at the moment, but when I was in BNE a few weeks ago, I saw an inordinate number of cranes in the West End area. Previously we have seen lots of infill in Wooloongabba and Kangaroo point and I am told up around the Newfarm area.

Brisbane does not seem to be as prone to boom and bust, simply because there are early signals coming from Sydney that temper both the upswing and the downslide of construction.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Bardon
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Blondie girl
29 Oct 2014, 10:16 PM


Is there really an oversupply risk of apartments built in Brissie?

Yes absolutely, there is a glut in the inner city suburbs coming. Not my scene but I guess the second round of buyers may get some good deals.
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Bardon
30 Oct 2014, 07:40 AM
Yes absolutely, there is a glut in the inner city suburbs coming. Not my scene but I guess the second round of buyers may get some good deals.
The level of building going on in most capitals must be at record highs. And the level of investors in the market must also be at record highs,as would the numbers paying negatively geared interest only loans. But at the same time we are seeing twelve year highs in unemployment even with the possibly record highs in construction jobs.

Rents will be coming down. But how do we find a floor in rents ? Even with a normal level of building, the rising unemployment would of already put pressure on rents.

Considering the record building now, combined with recent twelve years high unemployment levels and now flat or falling wages, there appears a bit of risk to the downside. If employment stays flat or falls further with the current overbuilding continuing, you would expect further pressure do the downside.

The historical rises we have seen in rents decade after decade appear to go hand in hand with the historical wage rises we have seen decade after decade. Now that this rapid wages growth has now slowed or stopped or dropped in some cases, not to mention all the job losses,a direct result of the rapid rise of cheap asain labour, will rents go the same way ?

The historical growth western economies have experienced over the decades in wages, appears to look nothing at all like what we could possibly expect going forward. How on earth can you increase wages when Chinese wages are so cheap and competing to make the same product. That's why they make everything we all used too and our jobs are dissapearing .

So as for rents, you might want to ask the question, is wages growth over ? And at risk of declining ? Might make a good thread.
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Blondie girl
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miw
30 Oct 2014, 12:52 AM
Well, it is impacting rents somewhat. I would not characterise the oversupply as being acute at the moment, but when I was in BNE a few weeks ago, I saw an inordinate number of cranes in the West End area. Previously we have seen lots of infill in Wooloongabba and Kangaroo point and I am told up around the Newfarm area.

Brisbane does not seem to be as prone to boom and bust, simply because there are early signals coming from Sydney that temper both the upswing and the downslide of construction.
I was told something something very simple by someone who understands developments since he owns the construction company.

"go look at any city skyline, check how many cranes are there."

When a particular market has been done to death, the serious players do move on..


It's good to learn what's going on in the other cities besides the one that's resided in.

I'll be visiting Brissie next year, have not been there for about 8 yrs, I'll be keen to see the changes.
Bardon
30 Oct 2014, 07:40 AM
Yes absolutely, there is a glut in the inner city suburbs coming. Not my scene but I guess the second round of buyers may get some good deals.
I agree it's not my area of investing, I've never been comfortable with apartment stuff & all it involves ...they can shove the strata stuff, freestanding houses gives me my free will .

But ..each to their own.

Edited by Blondie girl, 30 Oct 2014, 01:15 PM.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Profile "REPLY WITH QUOTE" Go to top
 
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