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Originally Posted by mark100
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?
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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.
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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
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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/s...011140,00.html
Crusaders: Super 14 Champions 2008
SUPER Champions 1998, 1999, 2000, 2002, 2005, 2006, 2008
NINE finals, SEVEN titles
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Sydney Australia
Crusaders: Super 14 Champions 2008
SUPER Champions 1998, 1999, 2000, 2002, 2005, 2006, 2008
NINE finals, SEVEN titles
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Sydney Australia
Crusaders: Super 14 Champions 2008
SUPER Champions 1998, 1999, 2000, 2002, 2005, 2006, 2008
NINE finals, SEVEN titles
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Member
Stand-off between Brisbane house buyers and sellers
Crusaders: Super 14 Champions 2008
SUPER Champions 1998, 1999, 2000, 2002, 2005, 2006, 2008
NINE finals, SEVEN titles
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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.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Thanks for that underDOG
Brisbane market not looking too good:
"Housing market flooded but few buyers"
http://www.news.com.au/couriermail/s...011140,00.html
Crusaders: Super 14 Champions 2008
SUPER Champions 1998, 1999, 2000, 2002, 2005, 2006, 2008
NINE finals, SEVEN titles
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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/
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