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Brisbane Property Boom: 1645% growth in 35-years; Which generation has had it easier in the property market? Baby Boomers or Generation Y?
Topic Started: 22 Aug 2013, 03:20 PM (52,619 Views)
Bardon
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It seems like things are back to normal cycles now. We have Sydney rising but not much happening in Brisbane with only the smart ones getting in now before the ripple comes.
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doubleview
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Bardon
14 Sep 2013, 10:07 AM
It seems like things are back to normal cycles now. We have Sydney rising but not much happening in Brisbane with only the smart ones getting in now before the ripple comes.
Yep I think so
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willy_nilly
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Bardon
14 Sep 2013, 10:07 AM
It seems like things are back to normal cycles now. We have Sydney rising but not much happening in Brisbane with only the smart ones getting in now before the ripple comes.
Would that be the 'same back to normal' that led up to the GFC. Ok then. Noted.
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Admin
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Brisbane market not booming: Jason Andrew

By Jennifer Duke
Monday, 30 September 2013

While buyer activity has seen to be increasing in South East Queensland, clearance rates have flatlined, according to Jason Andrew Auctioneers.

Director Jason Andrew said that an increase in available stock, and high expectations for prices from vendors, have resulted in a stagnant clearance rate.

“The average number of bidder registrations has risen from 1.73 year to date (YTD) to 2.24 in spring, and crowd sized are also almost 20% larger,” Andrew said. "But at the same time, seller willingness to shift their original reserve price in order to achieve a sale under the hammer has fallen from 4.16% YTD to 2.94% in September," he said.

This resulted in a 50% clearance rate overall for South East Queensland.

The inner city market of Brisbane is the exception to this, where the clearance rate averaged out far higher over September, at 70%.

“All of this data is evidence that while buyers are certainly more active, they remain on the whole clearly unwilling to pay a premium at this point," Andrew said.

“Sellers who are believing the hype that price are already on their way up and who are clinging to prices above current market value will not achieve a sale in this environment.”

He said that they are currently far behind what is being experienced in Melbourne and Sydney. “The Brisbane market is not booming, nor are there any signs pointing in that direction at this point.”

Read more: http://www.propertyobserver.com.au/news/brisbane-market-not-booming-jason-andrew/2013093065371
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Billy Jack
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The Duke of Brisbane Town

Oh, it's booming here all right. It's fast becoming an even better place to live, if that is possible. It's already the best city in Australia to live in.

Now, with half of China and NZ wanting to live here, we have refugees from Melbourne and Sydney too.

I think the prices can only go one way here in Brisbane Town.

:pop:
Tell Billy Jack the Truth
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