First . there are reasons why so many people are saying it .
So for your first point, do you agree with these reasons, and can you list them?
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First . there are reasons why so many people are saying it .
Do you have the 'numbers' for the 2 or 3 years prior to the last boom in Bris ? (the one that finished in 2003/4). Are there are any similarities or differences between then & now ?I've been familiar with the Brisbane market since 2004. If you can show anything in the numbers at the moment that suggests a 'yes' for the thread title, happy to look at it.
Went to this one at the weekend and they will look at offers before auction. Looks like it may sell below what it should sell for. I own one a few streets away which is a lot worse.
http://www.realestate.com.au/property-house-qld-chermside-119947585
Don't want to say its a bargain but looks like good buying in a good location.
Do you have the 'numbers' for the 2 or 3 years prior to the last boom in Bris ? (the one that finished in 2003/4).
originally from brissie, but Living in Sydney currently and finding it hard to secure a place as they are going before we can get up to see them. Cant fly up for them all obviously
would appreciate your feedback/help
thanks
So for your first point, do you agree with these reasons, and can you list them?
Actually , not interested in getting into a debate over underlying reasons why I think an area will move , outside Brisbane follows Sydney ( it does ) and I can buy what I think are very well priced IP's in Brisbane .
It's not a debate, you said "First . there are reasons why so many people are saying it ."
You can either list them or not, pretty black and white.
Second. I'm a great believer in herd mentality , and have great faith in the ability of the herd to move a market .
In fact , if you only have a small number of people buying you won't have market movement ........
So from my perspective if the herd ain't interested in an area , it's unlikely to move .
It's not a debate, you said "First . there are reasons why so many people are saying it ."
You can either list them or not, pretty black and white.
Give me a call if you like Snoopy. Happy to help out if I can, as I work in this area/marketHave been trying to buy into this area - what in your opinion do you think they'll take vs your opinion on value. originally from brissie, but Living in Sydney currently and finding it hard to secure a place as they are going before we can get up to see them. Cant fly up for them all obviously
would appreciate your feedback/help
thanks
When we made our first Brisbane purchase about 18 months ago, we explained it in the quote below. There has been reasonable growth in the last 18 months on that property - but the rationale seems even greater today.
http://somersoft.com/forums/showthread.php?t=94336&highlight=Brisbane+North+Purchase
In terms of the search it came down to the differential costs beween Brisbane and the other capital cities. Where it "should" be about 10-15% behind Sydney (based on salaries, history etc) it seems to be about 40% behind for both buying and renting.
This is my thinking too. So to me, the real question is "Will capital city differentials remain roughly the same for the foreseeable future?", which I questioned in this thread:
I don't know if it should be that close to Sydney, but it's not going to close the gap more until there are more jobs and population growth.
I don't know if it should be that close to Sydney, but it's not going to close the gap more until there are more jobs and population growth.
but the price differental has reached a point where something must give IMO.
Or those crazy , unrealistic southern investors drive prices beyond what they should be .
That's already happened in some areas.