Brisbanes Totally OTT property market
Jul 9th 2007, 7:09 am
#16
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Brisbanes Totally OTT property market
If I had some spare cash, I'd follow suit !
One thing though - Lets hope that the barrier reef and the atherton tablelands are not ruined by Cairns growth.
Jul 9th 2007, 7:10 am
#17
Joined: Oct 2005
Posts: 9,066
Re: Brisbanes Totally OTT property market
.... and unfortunately it is going to get progressively worse. When we were looking for a new rental, it literally became a drag race to get between two houses, between me and the OH and two single girls. They won after we took a wrong turn at Old Northern Road, Albany Creek. Drat and double drat.
Jul 9th 2007, 7:26 am
#18
IT Guru
Joined: Mar 2007
Location: Essex at the moment!
Posts: 327
Re: Brisbanes Totally OTT property market
good choice I reckon. I believe that over the next 10 years people will appreciate that Cairns is a great place to live. With the redevelopment of the airport and also new airlines moving into the territory, Cairns will become more and more accessible.
If I had some spare cash, I'd follow suit !
One thing though - Lets hope that the barrier reef and the atherton tablelands are not ruined by Cairns growth.
If I had some spare cash, I'd follow suit !
One thing though - Lets hope that the barrier reef and the atherton tablelands are not ruined by Cairns growth.
Anyway I hear it's a terrible place to live.
Jul 9th 2007, 8:27 pm
#19
Joined: Oct 2005
Posts: 9,066
Re: Brisbanes Totally OTT property market
good choice I reckon. I believe that over the next 10 years people will appreciate that Cairns is a great place to live. With the redevelopment of the airport and also new airlines moving into the territory, Cairns will become more and more accessible.
If I had some spare cash, I'd follow suit !
One thing though - Lets hope that the barrier reef and the atherton tablelands are not ruined by Cairns growth.
If I had some spare cash, I'd follow suit !
One thing though - Lets hope that the barrier reef and the atherton tablelands are not ruined by Cairns growth.
Maybe we'll retire there but not sure if I could hack the summer humidity as Brisbane's is quite wicked at times.
Jul 9th 2007, 10:15 pm
#20
...giving optimism a go?!
Joined: Jun 2007
Location: Brisbane (leafy, hilly western suburbs)
Posts: 2,202
Re: Brisbanes Totally OTT property market
Gone up about 500% since 2001.
We bought our 4bedroom house in Brisbane leafy west (The Gap) in 2001 for $230K. We've had good growth and I'm not complaining, but it'd be valued now at around $600K thats WAAAAY less than 500%!
You might've got 500% if you invested in Bulimba, New Farm, (Inner suburbs by the river) or Wynumm, Manly (Bayside).. but most of Brisbane has had growth a little less frantic... and for the record our growth has been BELOW what we would've had if I'd held onto my small house in Newbury, Berkshire!
Jul 9th 2007, 10:59 pm
#21
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: Brisbanes Totally OTT property market
....yes, 500% is somewhat of an exaggeration! The top peforming suburbs over the past 5 years have seen growth in the 150 - 200% range.
http://www.ourbrisbane.com/living/re.../buying/tools/
http://www.ourbrisbane.com/living/re.../buying/tools/
Jul 11th 2007, 4:28 am
#22
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Brisbanes Totally OTT property market
Pottered down yesterday to attend a open home with friend whos buying after divorce, thinking that budget would give us an idea what our kids would face if they bought.
Nice but old house, only 2 beds, tiny, no building reports, in obvious need of some repairs etc, But total bedlam..................
21 CONTRACTS on the property on the day
Never seen anything like it ever
knew brissie was suffereing a population surge but thats bloody crazy.
Anyone else out there buying ? how have you found it
Nice but old house, only 2 beds, tiny, no building reports, in obvious need of some repairs etc, But total bedlam..................
21 CONTRACTS on the property on the day
Never seen anything like it ever
knew brissie was suffereing a population surge but thats bloody crazy.
Anyone else out there buying ? how have you found it
One the plus-side, sitting tight for a few years should return a tidy increase in equity. For the moment, the mortgage is substantial but we are hoping the "madness" will allow us to reap the rewards in the long-term.
Jul 11th 2007, 4:29 am
#23
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Brisbanes Totally OTT property market
Only in a few very special places!
We bought our 4bedroom house in Brisbane leafy west (The Gap) in 2001 for $230K. We've had good growth and I'm not complaining, but it'd be valued now at around $600K thats WAAAAY less than 500%!
You might've got 500% if you invested in Bulimba, New Farm, (Inner suburbs by the river) or Wynumm, Manly (Bayside).. but most of Brisbane has had growth a little less frantic... and for the record our growth has been BELOW what we would've had if I'd held onto my small house in Newbury, Berkshire!
We bought our 4bedroom house in Brisbane leafy west (The Gap) in 2001 for $230K. We've had good growth and I'm not complaining, but it'd be valued now at around $600K thats WAAAAY less than 500%!
You might've got 500% if you invested in Bulimba, New Farm, (Inner suburbs by the river) or Wynumm, Manly (Bayside).. but most of Brisbane has had growth a little less frantic... and for the record our growth has been BELOW what we would've had if I'd held onto my small house in Newbury, Berkshire!
Jul 11th 2007, 5:33 am
#24
...giving optimism a go?!
Joined: Jun 2007
Location: Brisbane (leafy, hilly western suburbs)
Posts: 2,202
Re: Brisbanes Totally OTT property market
we hail from Newbury. Whereabouts were you living?
Jul 11th 2007, 5:36 am
#25
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Brisbanes Totally OTT property market
Did you live on the bend, just before you head out of Newbury and just after the post-office, whilst travelling towards Hungerford (house on the right-hand side)?
(Also, just before the speed-camera)?
Did you live in Newbury for a long-time?
Jul 11th 2007, 6:06 am
#26
...giving optimism a go?!
Joined: Jun 2007
Location: Brisbane (leafy, hilly western suburbs)
Posts: 2,202
Re: Brisbanes Totally OTT property market
After the post office.. right hand side... (when going towards Hungerford)
Just opposite the pub (dingey hellhole - but it WAS only 30m from my door)!
..You seem to have an uncanny ability to describe the area - you didnt live in the same place did you?
Nah Newbury was only home for a little while, before that I grew up in B'Stoke and got educated in Keele, Staffordshire....
Just opposite the pub (dingey hellhole - but it WAS only 30m from my door)!
..You seem to have an uncanny ability to describe the area - you didnt live in the same place did you?
Nah Newbury was only home for a little while, before that I grew up in B'Stoke and got educated in Keele, Staffordshire....
Jul 11th 2007, 6:36 am
#28
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Brisbanes Totally OTT property market
After the post office.. right hand side... (when going towards Hungerford)
Just opposite the pub (dingey hellhole - but it WAS only 30m from my door)!
..You seem to have an uncanny ability to describe the area - you didnt live in the same place did you?
Nah Newbury was only home for a little while, before that I grew up in B'Stoke and got educated in Keele, Staffordshire....
Just opposite the pub (dingey hellhole - but it WAS only 30m from my door)!
..You seem to have an uncanny ability to describe the area - you didnt live in the same place did you?
Nah Newbury was only home for a little while, before that I grew up in B'Stoke and got educated in Keele, Staffordshire....
I lived in Shaw (on the top of the hill on Kiln Road and then on the Manor Fields estate) and Thatcham (predominantly Shaw though).
Jul 11th 2007, 6:41 am
#29
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
v close to where we lived!!!