Brisbane Property Market Update – July 2019

https://www.youtube.com/watch?v=v1AWRNdhnBI

The Australian property market is a very interesting space. What is currently happening on the ground in the Brisbane market. What do things feels like, what kind of deals are we seeing and what is the sentiment like?

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0:00 - Introduction 1:12 - What has been happening in Brisbane lately 2:49 - What pockets of Brisbane are doing well? 3:56 - Has there been a change since the election? 6:24 - How days on market and average vendor discount has been changing 7:46 - It is VERY suburb situational 8:52 - Brisbane doesn't feel like it's about to skyrocket 9:52 - Are really good discounts still available? 11:43 - More sophisticated investors are coming into the market 12:43 - Looking at some indicators and predictions for Brisbane 16:30 - Make sure you do your own research 17:10 - Some beachside suburbs are 15-30c on the dollar compared to beachside suburbs in Sydney

Transcription

the Australian property market is in a very interesting space where we've started to see some growth in capital cities lending has eased up it's a really exciting time at the moment and I often do reviews of how Australia is going but what I wanted to do today is actually look at how is the Brisbane market going talking to Ben Everingham who's the owner and a buyer's agent here over at pumped on property who helps people invest in the Brisbane property market so to talk about on the ground what things feel like how things are going because we can look at high-level statistics and averages for Brisbane as a whole but let's get more granular today and look at ok what's happening on the ground in the Brisbane market what kind of deals are we seeing what's the sentiment like and that sort of stuff so really excited to have this conversation today I love this stuff man this lets me get my cake on plenty then sprang out today yeah so Ben is an absolute stats nerd and loves working at that sort of stuff but also has himself and the team on the road talking to agents every single week inspecting multiple properties every single week purchasing multiple month for clients as well so really knows the prism market inside and out so what has been happening in Brisbane lately I guess leading up to the election and these changes and then now since RBA dropping interest rates lending getting a bit easier liberal obviously getting in how has that sort of change things so embracement at the moment we've made we've noticed a bit of a turn in sentiment it's nothing to go you know to the races we've tied thing it's nothing crazy but it is definitely a bit of a turn and as you said it's a result of Oprah relaxing lending policy and the big banks rolling that out it's a result of cheaper money it's a result of some helicopter stuff that's going on at a high level at the moment and it's just a confidence I suppose because for the first time in a year and a half or two years Sydney and Melbourne prices didn't decline this month you know at the same rate that they had been so it's kind of just slowly slowly people I think of realising that maybe some of the worst is behind us for at least this little pocket of the cycle so it's been really interesting looking at the Australian market so Brisbane didn't have the same run-up that Sydney and Mel been had but Brisbane has I guess been declining for the last few months and we're seeing that across Brisbane as a whole or their pockets where that's not the case or pockets where it's worse yeah so that's really good point because as we know there's no one market there's pockets and then suburbs within those pockets and straits but Brisbane as a whole is declined by to 2.9 percent in the last 12 months according to court logic but Brisbane is also cheaper to buy than it was in 2008 according t...