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cantab
12-06-2008, 10:58 PM
Looking to buy a house on the North side within walking distance of the CBD, for example Kelvin Grove or Windsor or ?


What I've heard:

It's a buyers market and possible to buy cheaper today than 6 months ago

Investors selling

Rents could rise 17% in next 18 months

Employment up, better than rest of Australia

Interest rates may just about have peaked?

I'm interested to hear opinions on Brisbane house prices going forward. When could be a good time to buy?

Thanks in advance

fungus pudding
13-06-2008, 07:58 AM
Looking to buy a house on the North side within walking distance of the CBD, for example Kelvin Grove or Windsor or ?


What I've heard:

It's a buyers market and possible to buy cheaper today than 6 months ago

Investors selling

Rents could rise 17% in next 18 months

Employment up, better than rest of Australia

Interest rates may just about have peaked?

I'm interested to hear opinions on Brisbane house prices going forward. When could be a good time to buy?

Thanks in advance



In about 18 months.

Huang Chung
13-06-2008, 08:26 AM
Windsor is a long walk to the CBD.

Big changes to the northside will be happening soon, and you'll need to include these in any decisions you make.....Northern Busway, Airportlink, cross city tunnel etc. Major impact will be on the Lutwyche Rd corridor.

I'll try and send you some links tonight or over the weekend.

PM me if I forget.

POSSUM THE CAT
13-06-2008, 10:18 AM
Watch out for termites especially if there are a lot of trees in the area

Sideshow Bob
13-06-2008, 10:20 PM
Cantab, the Crusaders only play in Brisbane every 2nd year.

Jumping the Crusader ship when Robbie leaves??

cantab
14-06-2008, 08:38 AM
Thanks for all the replies.

Huang Chung, good point and any links you can provide would be much appreciated.

cantab
14-06-2008, 09:03 AM
Cantab, the Crusaders only play in Brisbane every 2nd year.

Jumping the Crusader ship when Robbie leaves??

Nothing beats sending the Hurricanes packing with their tails between their legs, then on Monday one reads about their over sensitive cardy wearing PSIS card bearing supporters whinging about how they reckoned they got a hard time from the Red N Black fans. Wouldn't miss it for the world. Will be back at AMI for the next crusade. Have to say the Crusaders got a huge turnout at Suncorp - almost like a home game - a few more would be good.

Huang Chung
14-06-2008, 03:46 PM
Cantab

I sent you a PM last night with a link that covers both Airport Link and the Northern Busway, as well as a couple of points to consider.

Did you receive it?

PS...If you've got deep pockets, consider New Farm, as there is a walkway along the river all the way into the city, as well as a City Cat (fast catamaran) sevice.....lots of good restraunts as well.

cantab
14-06-2008, 08:42 PM
Just read the PM (haven't done PM before), very much appreciated Huang Chung, will reply by PM tomorrow, looking forward to watching 'Dingo' Deans Wallabies.

Cheers

mark100
19-06-2008, 01:36 AM
Spring Hill is within walking distance of the CBD. Houses are very expensive and house blocks are very small (by Queensland standards)

cantab
19-06-2008, 08:54 AM
Spring Hill is within walking distance of the CBD. Houses are very expensive and house blocks are very small (by Queensland standards)

Hi Mark. I had a look at some houses for sale and I see what you mean. We like the character houses and being close to the CBD.

Mark, what is your view on the Brisbane market, do you think prices might drop a little and when do you think might be a good time to buy?

cantab
20-06-2008, 10:52 AM
From all the replies and researching on the web we have drawn two conclusions:

Better to buy a house in Spring Hill.

No need to rush to buy.

mark100
21-06-2008, 06:26 AM
cantab, I was living in Brisbane until end of last year and followed the market reasonably closely.

The strength of the Brisbane property surprised me enormously in 2007. 20% growth for stuff with a 10km radius of the CBD. Not sure of the outer stuff as I didn't follow it. This is on top of a huge boom from 2001-2003 and slow-mod growth from 2004-2006.

I was surprised mainly because the interest rate increases just didn't seem to be making an impact. Brisbane is well supported by an extremely low rental vacancy rate however. But I think this year a combination of extra rate increases and higher petrol have started to hit.

BIS Shrapnel are a research house and they are forecasting solid growth ahead because of the undersupply of housing etc. But I just can't see it when you look at what headwinds the economy is currently facing.

In my view, like you've concluded - no need to rush

cantab
21-06-2008, 10:51 PM
Thanks Mark.

I found this in the Courier Mail:

According to the latest market report by LandMark White the optimism in the residential market in Brisbane of 2007 has been replaced with uncertainty and negative sentiment in 2008. It is forecasting that there likely will be no growth in property values during 2008-2009.

http://www.news.com.au/couriermail/story/0,23739,23821845-5011140,00.html

cantab
28-06-2008, 02:15 PM
http://www.smh.com.au/news/national/heads-in-sandcastles/2008/06/27/1214472770909.html

cantab
28-06-2008, 02:20 PM
http://www.smh.com.au/news/national/house-prices-head-south-north-and-east/2008/06/27/1214472770814.html

cantab
28-06-2008, 06:30 PM
http://www.news.com.au/couriermail/story/0,23739,23933370-952,00.html

Dr_Who
04-07-2008, 10:29 AM
I ve noticed the Aussies are back over here promoting Queensland properties. This is a sign to be careful. The last time they were in NZ promoting, alot of Kiwi's got burnt. If it is any good the Aussies will keep it for themselves and dont need to fly all the way here to promote it.

cantab
06-07-2008, 09:29 PM
Thanks for that underDOG

Brisbane market not looking too good:

"Housing market flooded but few buyers"

http://www.news.com.au/couriermail/story/0,23739,23968923-5011140,00.html

THEONE
07-07-2008, 05:43 PM
I am quite interested in using this buyers agent for investors, they seem to know what they are doing.

http://investigateproperty.com.au/
http://renos.com.au/