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They prefer apartments. It is being offered at mid to high 200s. There is so much information available about various Housing Market Trends, strategies and market information that it can be overwhelming knowing where (or how) to get started. In Queensland houses are the preferred style of accommodation over units and investors who buy rental apartments in high supply areas are taking high risk with both equity and cash flow risks materially increasing over buying the right house. We are perplexed as to what we should believe in. And well located townhouses make excellent investments – they perform similarly to houses. Considering its around 20km from CBD would you recommend investing here or should I be looking for better options? marketing companies are paid by the developers – if they pay their fee – you are the product!! Over the weekend I was preparing my presentation for my upcoming workshop in Brisbane and was given some case studies by the Metropole Brisbane team of properties that have achieved 15 and 20% capital growth over the last couple of years, while the general market has languished. L Winding Brook Rigid Core Click Lock Luxury Vinyl Plank Flooring (23.95 sq. Connect with brands in a content-rich shopping environment. You advise against new builds – Why is this? These suburbs tend to be those where a large number of owner occupiers desire to live in the area, because of lifestyle choices of offer. We would help you make a plan that hopefully would enable you to keep your existing property. Thanks! Bridgette – I understand your problem, you’re not the only one who has difficulty getting the budget for “investment grade properties.” TW – I avoid giving advice about specific suburbs over the internet because even in the best suburbs the majority of investments currently on the market are not ‘investment grade” and so people could make very expensive mistakes. At Metropole’s Brisbane office we are noticing more investors are getting into the Brisbane market recognising that while there are no bargains to be found, in 12 months time the properties they purchased today will look like a bargain. And if it was someone trying to sell you a property- run away very quickly. These are some of the best performing segments…. Westend is a great location and an apartment in a boutique block will be in more demand (its more scarce) than the highrise monoliths. The numbers tell the story here also with a rise of 36% over the last 5 years, well above the Brisbane average. Do you think this kind of public amenity/lifestyle feature is worth considering in selecting areas/properties for capital growth or does it have more bearing on rental yields? Australian house prices soar by 500% over the past 25 years, Tax: how to minimise your largest lifetime expense, click here and organise a time for an obligation free chat, his blog which explains how to chose an investment grade property, find out more about him here at Metropole Brisbane, https://propertyupdate.com.au/the-defence-rests-on-military-housing-investment/, https://propertyupdate.com.au/how-to-choose-a-property-advisor/, https://propertyupdate.com.au/what-makes-an-investment-grade-property-2/. Would it be a better strategy to sell this property and reinvest in a smaller one in one of those inner and middle ring suburbs you mentioned in your report for better capital growth? Paddington is a great area but I’m sure you realise Brisbane apartments have been in oversupply for a few years now, and while this is now levelling out, we expect poor growth in apartments for the next few years yet, even though house prices should rise. Saw listings for 600sqm land going for 700k or so, and newly built town houses also going for around the same price. All you have to do is identify your current cleaning needs to determine which model would be best for vacuuming floor â¦ And I cant put in more money at the moment for another purchase as I also bought recently one in Newcomb (Geelong) and have some other non property committments now for couple of years to fulfill. ... Plus, with our interactive vacuum buying guide to reference while shopping for the perfect canister vacuum, selecting the ideal one for you and your floors is super simple. -paying approx. By the end of 2020, Greater Brisbane’s property price median hit a new record high of $616,387, which is $28,000 above the previous record set in early 2020. Our Brisbane team at Metropole specialise in helping home buyers – why not click here and contact us – we’ll give you more details about where and what to buy, Good afternoon, The future is bright and if you know where to find the superior pockets, you will be handsomely rewarded. Mrs Dee Rent has been lower than expected and not seeing any capital growth. I’m keen on relocating by myself to Brisbane in a couple of years so I’m researching the market as I’d love to live in an apartment in the Brisbane CBD for lifestyle reasons. am I on the right track or am I missing some vital info ? One of the significant changes to occur in Australian cities over the past 50 years, and which has pushed up inner- and middle-ring suburb property values, is gentrification. We currently have an offer of $440K which the agent is pushing us to accept as he is saying that unit prices in south Brisbane will only continue to decline in the next few years due to the volume of new units still being developed in the area. Hi Michael, In my mind, capital growth is critical and it is interesting that in the last few years when capital growth has, in general, being poor in Brisbane some suburbs have outperformed and certain properties in these suburbs have done even better. Is this a suitable suburb for an investment of this type, considering I’m looking for capital growth and optimal occupancy. Now, I understand that selling is not a very good option because of cost factors with tax, selling commission etc. If you and your brother are looking at using the first homeowners grant together, that will cause financial problems down the track. However, after doing some research they do seem to have good reviews and their aim would be for us to look at a second investment property in approx. He is now thinking of selling… Any comment or suggestion would be appreciated. Regards East Brisbane has been a slow burn. If you can’t afford to do it on your own don’t buy a property, and if you can’t afford a property in a good location then don’t buy a property at the moment. And like after every downturn, there will be a flight to quality properties and an increased emphasis on liveability. I was bought into a very wrong investment project in Newstead. 80% of these suburbs have a highly desirable school catchment. It is such beautiful place to live, with infinite amenities and walking proximity to the CBD. Free game reviews, news, giveaways, and videos for the greatest and best online games. I am planning on buying a new apartment in Nundah as a first home owner, then potentially using the apartment as an investment property after a couple of years (my partner is currently interstate and we look to buy a seperate home together in a couple of years). Finding a home with ALL these attributes at my price range is exceedingly difficult. Ex hotel room. ft. / case) Designed with beauty, durability and function Designed with beauty, durability and function in mind, this 100% waterproof LifeProof Rigid Core luxury vinyl flooring is an excellent choice for your homeâs foundation. Also I have around $200,000 savings which I would like to invest in another property inside 10ks of the city, as a carpenter I will then do the reno or some if it. I am looking to buy an investment property in Brisbane and was recommended a new townhouse in Durack by a buyer’s agent as they said its a prime location for capital growth. Your thoughts please…….thanks in advance. There is no simple way of avoiding it. What’s the alternative – if you sell now what can you afford to buy and what certainty will you have – there’s clearly no simple answer – sorry. I’m from Victoria and looking to purchase an investment property within my SMSF up to $400K in Brisbane. There are some good pockets in the suburbs you mention, but you’ll then have to find the right pockets, the right streets, the right property and then buy it for the right price. David Sorry about the length! Hi Michael, request you please provide your reasons, why you think Rochedale as a suburb will not perform in long run? 3. And the latest stats show very few borrowers have not started to repay their deffered loans – don’t be frightened by the property pessimists. Unfortunately the market is going to keep improving in other areas and you’ll fall further behind, so sometimes it’s best to just take your loss and move forward. Click here and read about it and organise a time for a chat. The Brisbane market is likely to perform very strongly this year, and while most properties should increase in value, some will perform better than others Hi Michael Hi Michael, love the content! I expect to be pre-approved for $340K loan this week, but no property chosen. No major increase in value on the horizon – sorry, am looking to invest in a property on Rode Rd in Waverly hills suburb ? Thanks, Mike – Brisbane growth will pick up but price growth this time round will be affected by peoples ability to pay more. Cedric, without knowing your experience or the exact location I can’t really make a recommendation, but Chinese buyers rodent like me to buy that sort of property. As their priorities change, some buyers will be willing to pay a little more for properties with “pandemic appeal” and a little more space and security, but it won’t be just the property itself that will need to meet these newly evolved needs – a “liveable” location will play a big part too. However if you’re not sure where to start, or where to look, why not keep my team at Metropole on your side. I understand that you’re keen to get your foot on the property ladder, but with only $35,000 of your own cash I would be very wary of doing this. I was not aware that any apartment blocks had structural issues in Brisbane. Powerful 1.8 GHz quad-core 64-bit CPU with 3 co-processors; ... TP-LINK DECO M9 Plus AC2200 Smart Home Mesh MU-MIMO Wi â¦ © 2000-2021 Home Depot Product Authority, LLC. We have access to $540K at the moment. We are seeing this suburb really gentrifying as social housing and retirees move out, they are being replaced by younger professionals who are targeting the nearby Craigslea State School catchment. There are much, much better locations in Brisbane. I was hoping to get your advice on a townhouse I have in McDowall, valued at approx $560k (newly build Jan 2020). Then run away as fast as you can form anyone offering you a house and land package – they make TERRIBLE investments – just look at the track record. Thank you Michael, I appreciate your advice. Rather than suggest a suburb we upi are not going to get the type of results you desire, I would suggest waiting into your budget is a bit higher. This will completely block my city views. Winding around the Brisbane River the city is rather hilly, with prominent rises including Mt Coot-tha, Enoggera Hill, Mount Gravatt, Toohey Mountain and Highgate Hill to name a few. So, despite all of that, these are very impressive figures. It really depends on where your unit is located but there are few growth drivers for units in Redcliffe as opposed to houses. 3) the reason why we choose a new land and house is because we are migrants and therefore don’t have many local Contacts (tradies) etc and also are looking for a secure neighbourhood with similar demographics . It has a very leafy, green feel with walking paths and tracks and plenty of green space and combined with a number of larger character homes that have been restored and renovated it has found a great balance for an inner-city location. With a huge oversupply looming prices and rents will fall and will remain subdued for up to a decade. Kindest. What are your thoughts on the Petrie area with the new university to open there in 2020? You don’t really want to sit on a property that has minimal growth for a decade do you. This is my first investment property and I must admit it wasn’t the best of decisions. Ian there are some commentators who’ve been pushing Logan for years – but it has always underperformed and will continue to do so because of the socio economics of the area – plus the type of property you’re proposing does not fit ANY of my criteria for an investment grade property. Hi Michael, what do you think of the Manly suburb in Brisbane? Brisbane is a funny market where the inner, more affluent suburbs have outperformed the other suburbs very strongly. Thank you so much for sharing your knowledge! Upsizing buyers were enticed by cheaper credit and altered their wish-lists to think more about property characteristics such as space and lifestyle, rather than commute time and distance to the CBD. Mitch – apartments in Brisbane have not shown strong capital growth over the last decade and this trend is likely to continue – even for well located established ones. I own a 1 bedroom apartment in WESTMARK MILTON for 2 years. Unfortunately the evidence is against you Travis – why do you think north Qld is the place to invest? I am afraid if I will face the same issue if I purchase apartments or townhouses again. My Budget is around 850K for a 2 storey 4 bedroom house. Cheers, Alice you are asking for specific investment advice and it would be very wrong to give you that without knowing your circumstances. I am fairly new to the Brisbane market and trying to sort fact from fiction. You also get all the benefits of all the Chermside upgrading without having high rise and business on your door step. Micheal I enjoy reading all your articles thank you. Latest property price forecasts revealed. Obviously a house is preferable, but there are very few houses in Brisbane surrounding suburbs (middle to inner ring) that fit our budget of about $650-$750k, and we are worried about buying a unit as there seems to be an oversupply. You’re looking for the right property at a good price. There is too much money at stake to give you a glib answer in this forum. Thank you. With a short turn around of only 6-7 years, in your opinion, do you believe there is a good suburb to invest in a unit? Profitez de millions d'applications Android récentes, de jeux, de titres musicaux, de films, de séries, de livres, de magazines, et plus encore. I am new to your reports Michael. Although you must keep in mind that sometimes these unique properties are more expensive to buy and to maintain, but history shows us they usually have stronger capital growth. While I am not suggesting the same amount of growth will occur in the next 20 years, I would certainly like to evaluate these suburbs and understand why they stood out. Other Entry level suburbs to keep an eye on; Starting to get closer in now and there are a number of good suburbs that sit around 6 or 7km to the Brisbane CBD. When would you expect the situation to improve? Sam – this is gathered in the Census and supplied for free by the ABS – the challenge is collating it all. New approvals qualify for up to $100 in savings over the first two days of purchases. We would definitely NOT buy on a main road, or a secondary main Road like you’re suggesting Are you wondering what will happen to the Brisbane property market this year? I really recommend you take the time to allow us to crunch the numbers by preparing a strategic property plan for you. 179 179 reviews. Can you please advise regarding the following questions. I have thought about selling off my investment property but was also wondering if it would be a good idea to sell my primary place of residence which is in Sydney and move into the investment home. Budget 650-700 K, Shils I understand why you’re asking these questions, but I can’t answer the unless I know more about you, your investment strategy, what other investments you own, your cashflow, your risk level ect. Hi Michael, Mandu, It was a really simple answer –NRAS Properties make terrible investments and of course it went down in value – it has no owner occupier appeal. Better to hang onto it? Often this starts with building a customised plan for you, because if you think about it this first house will not be your last house. PropertyUpdate.com.au is Australia's leading property investment wealth creation website with tips, advice and strategies from leading real estate investment experts. Hi Michael, I am looking to buy a family property in Scarborough Queensland and have broadened my search to Redcliffe, Woody Point, Margate and Clontarf. Mark, Mark, please don’t try and time the market – even the experts can’t get that right. Hi Michael, we are retired and living on acreage but are looking to move closer into Brisbane. Not that long ago Westpac Bank updated its forecasts and tipped Brisbane prices to surge 20 percent between 2022 and 2023, meaning Brisbane is likely to be one of the best performing property markets over the next few years. I want to stop renting and buy something to just start (don’t expect it to be new & shiny or a final home), just a 1 or 2 bed in Brisbane for approx $340 or less. Group households are set to see the smallest growth rate at an average of 1.4% per year. I know you like to buy close to city but with new Petrie university coming and talks of new silicon valley there, do you see any potential for growth or gentrification in Kallangur. Some of the technologies we use are necessary for critical functions like security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and to make the site work correctly for browsing and transactions. I had been planning on holding on to my unit for another 10-15 years but had not foreseen this current dilemma. Plenty of homes under $500k but not sure about growth. The moral of the story is don’t risk purchasing site unseen unless you have a trusted representative review the property on your behalf. You can find out more about the service by clicking here Just leave your detailsIt will be in contact. Yes, I have a simple tip for you…if you’re the smartest person in your team you’re in trouble. We bought a 2 bedroom investment unit off the plan in south Brisbane in 2015 for $529K and are looking to sell at the moment. Why not have a chat with my team at Metropole in Brisbane– we have NO properties for sale, so we can give you independent advice and help you find the right property if you wish. I’m currently wondering if I should invest in Brisbane for a first investment. I doubt it – many sales people disguise themselves as advisers. A gym or exercise centre has been substituted for a favourite walking or cycling path with green space and fresh air. Noted that some of brisbane’s highest sales prices have been achieved in the area. Sure it’s quaint, but it’s too far away from the CBD and there are many Brisbane locations which will outperform. Such an informative article, I got a lot out of it – thank you :). Leisa – this may block your city views and while that will impact the value of your property – but I can’t tell you how much nor what the effect will be in 10-15 years – your time frame. The rising interest from interstate buyers and the movement of residents from regional Queensland into Greater Brisbane will continue to support demand. If you ever get confused a golden rule for the CBD is that the streets with female names (Margaret, Ann, Queen etc.) I believe you should consider selling them and using your funds to own better investment grade properties otherwise you’ll never develop the financial freedom you’re looking for. ), Mark – buyers agents are not he right people to formulate a property strategy – they should just implement the strategy of a good advisor – I discuss this here https://propertyupdate.com.au/how-to-choose-a-property-advisor/ perhaps Queenslanders or art deco apartments or properties in desirable locations. Only 3 bed 1 bath but big block, 2 mins from the ocean, cafe, schools and station. I have also learnt acreage lots within the region may be on the way out due to govement laws etc. Could you possibly comment or offer other buying strategies / suggestions please, Kind Regards, The simple answer is NO!! What do you think of Kenmore and Chapel Hill with 800k max ? Just on apartments, I have a unit in Bulimba and it is one of the best older units you can find in the suburb. Thanks Michael for your reply. That property is under the NRAS scheme. Emerald Tower.. worth to buy at AUD 600000 for a one bedroom ? On the other hand I would see it as an investment in your future. The worst performing segments of the market are: Over 2020 there was a real acceleration in interstate migration towards Queensland and generally speaking, Brisbane is the first port of call in Queensland. How can I tell you if this is an appropriate property for you if I don’t know (and you probably don’t know) the various steps to your plan. I really like your article!!! Marta Our return has dropped in the past few years by about 10%, I think due to all the new units. This has led to significant increases in both consumer and business confidence. Wait till you have a better budget, Hello Michael Houses in Brisbane’s inner and middle ring suburbs offer the best prospects of long term capital growth as this is where there are more Skill Level 1 workers – those who earn higher incomes, often having multiple sources of income. What’s ahead for Brisbane’s property market? This translates to being an area where locals are able to and prepared to pay a premium price to live there, putting a financial floor under your investment property. Hi Michael, my partner and I moved to Brisbane in November and have been staying in a temporary furnished unit while we look for a more permanent home. I am now looking into some townhouses, closes to the bus station there. Thank You. Steer clear of these new buildings – historically they represent very bad investments with minimal or no capital or rental growth for a decade. The CBD is still in the original settlement location in a curve of the river about 23 kilometres upstream from Moreton Bay. Well…Brisbane house prices remained resilient over the last year when other parts of Australia suffered from the economic impact of the GVC (Global Virus Crisis) and are now roaring ahead in 2021.