澳洲Australia property Property Clock & sell Brissy IP |


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


Good morning all. Does anyone know if there is a web site has the property clocks for capital cities updated regularly. Thinking to sell a property in Brissy, any opinion when the market will turn good for sellers.  

评论
on the move said: ↑
Good morning all. Does anyone know if there is a web site has the property clocks for capital cities updated regularly. Thinking to sell a property in Brissy, any opinion when the market will turn good for sellers.Click to expand...
I can't help with a link, however I encourage you to do enough of your own research to make that decision empirically, not because someone elses opinion put it on a clock face. :cool:

In a general sense, Brisbane is very slow now, however there are likely exceptions. Markets within markets and supply/demand issues. I am no expert on Brisbane, so other's may contribute. Steve McKnight considers that Brisbane will (in a general sense) be slow well into 2011.

Sounds reasonable to me, so if you don't have to sell, I would wait as long as the servicibility is comfortable. Too much on the market with too few buyers does not augur well for being a vendor right now.

The Gold Coast market is even more depressed. Specials everywhere. Too much stock and few buyers on the ground. Some vendors genuine and some are off with the "high expectation" fairies. :rolleyes:  

评论
Player said: ↑
The Gold Coast market is even more depressed. Specials everywhere. Too much stock and few buyers on the ground. Some vendors genuine and some are off with the "high expectation" fairies. :rolleyes:Click to expand...
Can vouch for that. One of my IP's was revalued approx 2 years ago and I think realistically its value hasn't moved since. Although rents seem to continue to increase in that time pretty consistently at least in my sample of 1 ;)  

评论
Agree with Buzzlightyear about the Gold Coast.

We sold 2 IPs in mid 2007 and from what I see on realestate.com.au prices haven't moved much (if at all) since then.
Marg  

评论
marg4000 said: ↑
Agree with Buzzlightyear about the Gold Coast.

We sold 2 IPs in mid 2007 and from what I see on realestate.com.au prices haven't moved much (if at all) since then.
MargClick to expand...
Well done Marg. :)

Be grateful you sold then and weren't a seller (forced or otherwise) now, prices have moved since that time..............south :(  

评论
Things seem to be very slow and houses are sitting, sitting, sitting.....

We have listed an IP and if we don't get a good price, we will take it off and relist it in several months. In fact, the only reason we have listed now is that the developers are out sniffing and we might get a buyer, or a buyer looking for a big block. We are lucky that we don't have to sell right now, but it suits our plan to give it a try.

I am very glad that I am not in a position where we are needing to sell now.  

评论
You could try Herron Todd White website. They do a monthly review:

http://www.htw.com.au/Month_in_Review/November-2010-Month-In-Review.pdf

Will find market indicators around page 44 for Brisbane.

Cheers,

Fourex.  

评论
Unfortunately i do not have a clock to offer you, but based on my research and having recently purchased in Bris, it is definitely a very flat market which doesn't look like it's moved much in the last 3 years (there will of course always be exceptions to this in particular areas).

Probably not the best market to be selling into unless you have to. Reasonable buying opportunities however :)

on the move said: ↑
Good morning all. Does anyone know if there is a web site has the property clocks for capital cities updated regularly. Thinking to sell a property in Brissy, any opinion when the market will turn good for sellers.Click to expand...
 

评论
Fourex, I find your HTW link most useful.
thank you all, seems the market is flat everywhere.  

评论
My Brisbane clock is saying it's Buy O'Clock right now.
Bought a site for future development last month and another this month.
Don't listen to me though, I'm a gambler and take risks for reward.  

评论
Yet another voice suggesting it's not a good time to sell in Brisbane. But as Ace in the Hole pointed out, there are some good buying opportunities.  

评论
on the move said: ↑
Good morning all. Does anyone know if there is a web site has the property clocks for capital cities updated regularly. Thinking to sell a property in Brissy, any opinion when the market will turn good for sellers.Click to expand...
i think ibrisvegas is a good place to buy now, lots of stock, few buyers and good chance of capital growth period starting later half of 2011.

in terms of selling can u wait until sep/oct next year?  

评论
Bigtone said: ↑
i think ibrisvegas is a good place to buy now, lots of stock, few buyers and good chance of capital growth period starting later half of 2011.

in terms of selling can u wait until sep/oct next year?Click to expand...
I have overcommitted myself a bit (silly me) although I have enough buffer to last few years. But isn't interest rate supposed to go up all of 2011 ?  

评论
on the move said: ↑
I have overcommitted myself a bit (silly me) although I have enough buffer to last few years. But isn't interest rate supposed to go up all of 2011 ?Click to expand...
maybe but that does not mean prices can't increase. look at the price rises in 2007 when rates were on the increase

market has been flat a long time, resource states of qld and wa likely to be the big movers in the next 1-3 years.

rates go up because the economy is strong, low unemployment etc, all good conditions for a price rise especially after a long period of flatness. Think Gold Coast and Sunshine Coast have a fair but of pain left and Brissy will be the first to start moving.

good luck with whatever u decide  

评论
Agree that the clock definitely reads "buy". We tried selling our property a couple of months ago with no luck, not even close, only gave it 2 months and took it off. Could probably have received more for it 2 or 3 years ago, and have since renovated in that time.

Time is on our side though so we are holding, holding, holding. The rental demand in our area, between Brisbane & the Gold Coast, is very strong. To the rental market it goes.  

评论
Brett IP said: ↑
Time is on our side though so we are holding, holding, holding. The rental demand in our area, between Brisbane & the Gold Coast, is very strong. To the rental market it goes.Click to expand...
Is it in Logan ? I have pest inspections done on 3 houses all found termite in or nearby, made me bought somewhere else.  

评论
The local "pests" in Logan make me want to buy elsewhere too.. sorry couldn't resist :p

I've noticed a lot of properties on re.com as now advertised as "huge price reduction" etc.. I'm looking forward to coming home soon and getting a good deal.  

评论
No its not Logan.

But Termites are a pest throughout much of Qld, they arent resricted to Logan by any means.  

评论
Just posted the below in another thread - sorry to sound pessimistic but things are not looking up here at all...and as a part time agent I am generally optimistic!!

Saying that - at the risk of sounding like I am hunting for listings, I am most certainly not, too busy right now with other things...if you want an independent price opinion PM me and i'll have a quick look for you.

cheers
UC

-----------------------
I just had lunch with a good friend of mine who is a licenced valuer and a licenced real estate agent - and very good at both so I value her opinion.

In short, Brisbane is in for a whole world of hurt with some suburbs (Bardon and Kenmore were mentioned) experiencing a massive downturn - two particular properties mentioned had a drop of around 35-40% from valuation to sale price. Now yes there are always potentially mitigating circumstances that we are unaware of, but it is concerning from a pure real estate perspective.

As most long term readers here would know, I am generally quite bullish on the market regardless of prevailing conditions - and I certainly don't go making wild observations and commentary - my surname doesn't start with K and end in N with two vowels in between, but for the first time in a long time I think we are seeing the start of some trouble for the sunshine state.

my colleague is of the opinion (and I am less pessimistic, but agree with her observations generally) that we will see conditions similar to the early 90's where prices dropped significantly over the course of a year or two then remain stagnant for 6-8years. Between the interest rates, prevailing economic conditions, an oversupply myth and the migration population starting to prefer renting over purchasing, she has a point!!

I sincerely hope she is wrong, but then again - if prices do plummet and stay low it may make for some good buying!!:D

Be interesting to check these comments in 12 months and see if she was correct!!

cheers
UC:)  

评论
Stuck in limbo

Brisbane a little "stuck"

http://www.brisbanetimes.com.au/bus...ding-back-brisbane-market-20101112-17qxa.html  

Property Investment

Australia property Selling Hints | Sydney

澳大利亚Hi folks I recall ready somewhere about what are some simple tricks for making your place more attractive during a home open. Im seriously thinking of selling my little pad and want to maximise my efforts. Any hints greatly appreciated. 评论 ...

Property Investment

Australia property Re-zoning | Sydney

澳大利亚What would the chances of a NSW Local Council allowing a community titled development (homes, community buildings, etc) on an area zoned Protected Agricultural land? Does anyone have experience in this area? Looking at the local council LEP, ...