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If It Ain’t Broke, Don’t Fix It

This age old saying in the vernacular also works with mortgages. But why? Fixed interest rates on a home loan are often higher than variable rates, but it’s all dependant on the global bond market. Fixed rates are funded by the global bond markets, meaning the bank...

Why Haven’t Prices Plummeted?

We’ve got Covid, a recession and had lockdown all over the place, but property remains strong and seemingly getting stronger?We all remember the dire predictions in the press this time last year with most property pundits espousing everything up to a total collapse of...

How Many Property Booms Have You Missed So Far?

You can count them on this graph.Personally, I haven’t missed any since 1998. Can you guess why that is? The reason is because I bought my first property in 1998, so I’ve had my toe in the water ever since then. Sure, there have been a couple of slower periods in that...

How Fast is Your Dream Slipping……Ahh…..Powering Away From You?

Have you been keeping a close eye on the market lately? Haven’t we all! It’s hard to believe some of the crazy things going on at the moment. This makes it all the more important to take action so you don’t see your dreams like you see a jet fighter…………disappearing...

The Cheap Money Boom!

Are we really in a property boom period just now? Maybe, but is it really a property boom? What I believe we are seeing just now is the largest, most concentrated cheap money boom that I for one have ever seen in my entire life and I’ve lived a lot of my life, so...

Perfect Urban 5 Bed Oasis

522Have you got a ‘Brady Bunch’ family? Are Mum and Dad living with you?If either of these are true, this is the house for you. If you’re up for dual occupancy as an investment strategy, this works as well. The original home as a renovated self contained granny flat ...

Are You Positive that You’re Negative?

Jehoshaphat, “Negative gearing is the best property investment strategy”. Geraldine, “Are you positive?” Jehoshaphat, "Huh???" OK, so we’ve all heard about positive and negative gearing with regard to property investment. But which one is the best strategy? Put...

To Be or Not To Be……….a Rent-vestor.

It seems it was easier back in the olden days. Remember back when you were a kid? More to the point, remember back when I was a kid, back in the 60s and 70s. You either rented or you bought your own home. It seemed that there were only the privileged few who could...

5 Bedroom Brand New Near Elite Schools and Walk to the CBD

52 2The selling agent has made this property is available for PPBA to buy for you. Elevated position, literately brand new, yet retaining the classy Colonial look is this colossal 5 bedroom residence mere walking distance to CBD and surrounded by a number of the best...

If It Seems Too Good To Be True, It Usually Is!

Often forgotten words, but at the heart of the ‘get rich quick’ schemes is this well-known assertion. When was the last time you saw a ‘wealth coach’ spruiking the benefits of some new real estate wealth scheme? Last time you looked at your email inbox or your...
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Is Southern Interest in Queensland Property Keeping the Market Strong up here?

Brisbane housing continues to maintain a strong showing during Covid.

Throughout the entire Covid experience, property in general has remained strong, with Queensland leading the charge in many areas. Housing values in the Queensland capital are currently only 0.5% under the pre-Covid high point. The unit market however, remains the usual drawback.

Rentals see some difference with house rents rising slightly since the onset of Covid, however unit rents have dropped just over 1.5%. The drop in unit rents has been seen Australia wide and can be attributed to three main factors:

  1. The loss of many jobs in the hospitality industry, historically staffed by young graduates and school leavers, has seen many of this demographic leaving their shared units and heading back home to live with their parents.
  2. A large number of short term rentals such as Airbnb etc, now have little to no tenancy due to the near complete shutdown of the tourism industry and greatly reduced business travel. These properties, a vast number of which are units in the major tourist areas and CBD, are now on the market as long term rentals.
  3. The total shutdown of overseas migration has seen the demand for unit rentals drop drastically.

In total, this situation has created a large over-supply and greatly reduced demand for units. The drop in unit rentals also results in reduced interest from investors, also putting pressure on sales and prices.

So, is it southern migration that is keeping the housing market strong?

A different type of migration, that being internal migration from Australia’s southern States to Queensland has always been a positive historical factor in the rapid growth of south east Queensland. “Mexicans” moving one or two borders north for retirement has been almost a compulsory addition to the Australia superannuation scheme plan.

Covid, however, along with Queensland’s ability to handle the situation better than others, seems to have accelerated the desire of many to make the move a little earlier. Recently, there have been a number of indications of increased interest from the south with increased enquiries. Only last week, a Brisbane suburban mortgage broker reported three random “out of the blue” enquiries from Melbourne, regarding property loans for Brisbane.

Such factors give vendors confidence to maintain higher prices and leave properties off market awaiting advances via Melbourne and Sydney Buyers Agents.

Get in ahead of the rush from the south before it becomes a stampede. If it becomes a stampede, properties will be scarce and prices will skyrocket.

 If you want access to the many currently off-market, pre-market and post-market properties in Brisbane, in addition to well negotiated cheaper prices, contact PPBA for your FREE consultation. The first step in buying your property is coffee. Our shout.

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