澳洲Australia property Steve McKnight in Brisbane 26 March | Syd


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


Interested if anyone is going to the market update from Steve? Would be good to get some feedback on what he's saying, from the summary it looks encouraging :)

You may not know it, but the 'statistical property stars' are aligning and indicating that certain QLD property is poised to rise sharply. Don't miss out on what's shaping up to be a key wealth buidling event. See for yourself at my market update next Monday (26th March).  

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Also Perth

You may not know it, but the 'statistical property stars' are aligning and indicating that Perth property is poised to rise sharply. See for yourself at my market update this Wednesday (21st March). Don't miss out on what's shaping up to be a key wealth buidling event.  

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I'll be at the Brisbane talk. This time last year he suggested that Brisbane would be a hive of activity post flood - still waiting, waiting, waiting.  

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Angel said: ↑
I'll be at the Brisbane talk. This time last year he suggested that Brisbane would be a hive of activity post flood - still waiting, waiting, waiting.Click to expand...
Hi Angel,

would be keen to hear what he has to say. I am unable to attend, however if you're inclined, to post up a summary after the event, it would be appreciated.

Thanks :)  

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Quick reply:

In a nutshell, Brisbane is looking good and the Gold Coast is even better. But get out of the GC a year before the Commonwealth Games, as we have discussed here already.

Again quickly, there is a higher possibility that we are likely to start improving economics in Qld than the possibility that we are going to get worse. Prices may still fall more, but it is more likely they are on the verge of increasing. No rush to buy at this immediate time but look at it. Steve seemed to speak generally about Brisbane rather than the state as a whole. He also spoke briefly about mining towns, comparing them to a length of elastic and the pain caused when elastic rebounds after a protracted stretch. He suggested they are not buy and hold but rather buy and get out before the next bust, along with the Gold Coast.

Statistically, we have steady unemployment figures, easening of lending criteria, reduced falls in quarterly median house price figures after the larger falls in 2011 almost flattening, and following the election last week, the likelihood of improved business and consumer confidence.

He stated Perth, Adelaide and Brisbane are the most likely capital cities to start recovering whereas Melbourne and Sydney are at a different level on his graphs and not likely to show imminent recovery.

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I have a high respect for Steve and his ilk, hence it is really scary having the responsibility of doing this accurately, even though I regularly summarise large amounts of text in my day job.  

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