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!!

[Ecohouse]

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.

anything bayside is valuable cos stock is always limited there ....in that area i'm noticing every 2nd house being renovated and lots of houses raises and new houses being built on the northside bay area... sandgate / brighton .... and lots of money being spent on foreshaws and infrastructure and a huge new bridge has just gone in .....

here's a great investment or live in, private sale,,, which is always better than dealing with agents

http://www.youtube.com/watch?v=rd9xVADBc-k

[Andrew_A]

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.Well it's a different market in 2011!

I have a report if anybody is interested with a list of promising suburbs under <500k, a few years old now but considering Brisbane is in it's fourth year of tracking sideways the numbers are still making sense today :)

Very popular price point 450k for Brisbane and generally anything under 500k is well supported as it's a price range a lot of investors can afford, starts to thin out a lot when you head above 500k.

[Jenifer Smith]

Great post. Really, REALLY useful. I’ve been trying to get more comments on my blog… this is exactly what I need.Thanks