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Angel
Not sure what Brissie dropped, but I know Gold Coast got hammed some areas as much as 40%
Actually, some areas by circa 50-60 %.
The Gold Coast generally for median and slightly over median house prices at the peak saw falls of around 30 %.
Aside from some very high end homes (over say 3-4 Million and above) there are no specials here any more. The market started climbing off the bottom late 2012 to early 2013.
There is still good buying in the right (infill) areas here. I only speak of stand alone houses as I don't follow the apartment/unit market.
What about the lower end free standing houses of gc and surrounds, say 450kActually, some areas by circa 50-60 %.
The Gold Coast generally for median and slightly over median house prices at the peak saw falls of around 30 %.
Aside from some very high end homes (over say 3-4 Million and above) there are no specials here any more. The market started climbing off the bottom late 2012 to early 2013.
There is still good buying in the right (infill) areas here. I only speak of stand alone houses as I don't follow the apartment/unit market.
Brisbane prices did drop 20% with the GFC, or was that 10%, twice. Once for the GFC and then again in 2011 from the natural disasters.
What about the lower end free standing houses of gc and surrounds, say 450k
I've looked at gc a few times over the years and every time I get spooked as I ask myself, how do I know it's not going to fall 40% like in the past
What about the lower end free standing houses of gc and surrounds, say 450k
I've looked at gc a few times over the years and every time I get spooked as I ask myself, how do I know it's not going to fall 40% like in the past
Actually, some areas by circa 50-60 %.
The Gold Coast generally for median and slightly over median house prices at the peak saw falls of around 30 %.
Aside from some very high end homes (over say 3-4 Million and above) there are no specials here any more. The market started climbing off the bottom late 2012 to early 2013.
There is still good buying in the right (infill) areas here. I only speak of stand alone houses as I don't follow the apartment/unit market.
This market reminds me of Mandurah in WA, similar scenario, it is only now starting to recover, in particular lower end. Once again though you still need to buy the right product. High end stuff on the canal in Mandurah is fantastic buying at the moment $1M+ as there is so much supply and no takers.
And yet WA pre mining conditions till now must have been pretty good.
So maybe the smart players took there money and run.
There were posts on this forum from about 5 odd years ago saying how good the returns have been.
Maybe those returns were from 15yrs ago to about 5 years ago. Those initial players made a stack.