Brisbane under $500k..

[gfresh]

Been keeping an eye on things for the last few weeks on Brisbane's Southside. Mainly on the realestate sites, not quite on the ground. Since the start of the year, I think things are moving pretty quickly in this bracket, and things have definitely changed.

Maybe not quite as much movement as I hear in NSW, but houses I am looking at for under $450k seem to have "under offer" with 2-3 weeks. Particularly good deals are going in a week, which is stark contrast to last year.

[gfresh]

Notice also a lot of inner-city properties seemingly held by oldies going on the market (can tell from the decore)..

Could this be a direct result of superannuation, fixed income trusts, and other investments being smashed? Hence taking away the cash flow to even pay the basics such as rates, electricity, etc?

[kincella]

gfresh...what price range for the oldies houses ?? the olds might be heading for a cheaper prop in tree or sea change areas...new a big high flyer a few years back...he got into trouble with the business...sold his toorak mansion and bought a cheaper prop next door in malvern...he ended up with a lot of spare cash from the sale of toorak.....wife was very very angry....
see good news on sydney on the other stock forum today

[crikey]

hi folks - never mind brisbane - have had my eye on bowen basin - and now the tv news hads confirmed that COLLINSVILLE and SCOTTVILLE are about to take off !!! .. with clive palmer bossting things along !! ...can get great yeilds there 4 bdrm house for under 350k!!