Brisbane's Most OVERPRICED Suburbs (& where to buy instead!)
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- čas přidán 9. 04. 2024
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Another good video with accurate information! Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024.
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Its fucken depressing when you have two full time works who well and see those prices its fucken heartbreaking
Be careful with Carina, a lot floods, and you won’t get insurance cover.
Also, Stafford is one of the furthest suburbs away from a train station.
Thanks for the vid Luke!
Brisbane has a lot going for it. The Olympics is coming in 8 years. You have the Sunshine Coast and Gold Coast - which is just within a few hours drive. Good schools and universities. Similar houses and apartments are about 50% cheaper than Sydney. Melbourne is too cold, has bad weather and property values are expensive. Perth, Darwin/NT, Tasmania, Adelaide and Cairns are too far away, tiny cities, not many high paying jobs and it's isolated. If I was a new immigrant or on a middle-class wage, Brisbane would be my No.1 choice. Trust my words as I'm an ex-Financial Planner and own properties in both Brisbane and Sydney.
Hey Luke, great video! I do like your points about Carindale vs Carina. My partner 25 and myself 27 purchased our home last year in March in Tingalpa but Carina was definately on our shortlist of suburbs. I think for first home buyers this could also be a strong contender because of its proximity to the city/bayside/M1 and local parklands.
One thing to add about New Farm is traffic, it has limited roading as it's locked in by the river with road access only from the Fortitude Valley end. This goes for Newstead as well. The roads are narrow and get gridlocked at peak hours. The upside to this is you have buses, City Cats and are close to the CBD where you can cycle or walk in. But be aware of traffic!
The market decides the prices of a suburb. The median house in Carina is smaller, older and on a smaller block... situated near other older smaller houses on smaller blocks. Only advantage is slightly closer to Brisbane.
Hi Luke. Love your videos. Could you please give some suggestions on Westside suburbs in Brisbane ? Thanks
Red Hill and Paddington. I bought a 3.5 bedroom, 2 bathroom house on 405m2 land in Red Hill 20 years for $400K. It's worth about $1.5M today. Rent is $740 p.w. There's no train line but the most expensive suburbs in Sydney do not have access to rail. I only owe $100K on it! I hope it doubles again over the next 10 years - just when I'm about to retire.
Hi Luck, How about mcdowall and the Gap, are they overpriced?
Love your videos Luke. Do you have any recommendations for a buyers agents in Melbourne?
Empower Wealth :)
I think Carina is probably best value suburb,it has the older house made out of hardwood and big leafy blocks with a good vibe and location to cbd.Carindale is for the JONES'S and WANG'S,hamptons style house versus nostalgic QUEENSLANDER....take your pick !
Thanks mate but Not sure how you determine "overpriced" ? Usually overpriced is based on metrics like npv or its intrinsic value. Price by itself is not one of them
I bought in wishart in 2021. House almost doubled. Im shocked.
Agree on all except New Farm, there is a reason everyone wants to live there, big block house withing walking distance of the CBD and best bars. Like you can literally live in a house 1 street away from Felons
A bit busy and very expensive if you have little kids!
flood
yep for 2M +
Do you mean within walking distance.
New Farm is handy when you work nearby. You really don't need to use the car, and you sure don't want to do that on the weekends as you're stuck in traffic as soon as you go out the driveway. (I live off James St) I have no desire to move out of the area.
In New Farm it is hard to get your child to a high school. Anything near New Farm Park is prone to flooding Watch out for flooding in the Sydney Street / Sargent Street area. There are too many criminal low lives on patrol in New Farm, particularly towards Fortitude Valley. . The Police are outstandingly lethargic. Many of the old houses are cramped disgusting places to live and contain asbestos. Parking can be very limited.
How is stafford like wishart, its a compleltey different area
I was expecting to hear Mt Gravatt East instead
How about looking at the western suburbs?
"Landlocked by the river" doesn't make sense. Landlocked means land that is locked in by land.
Hi Luke, could u please answer my question posted on ur last 2 videos 😢😢
I also like Highgate Hill and Dutton Park, which are close to the green bridge to UQ and walkable to west end and southbank. With the Toowong/West End green bridge on hold indefinitely, these two suburbs are the only options for those who want to walk from their house to UQ and the West End/Southbank areas. This creates a lot of scarcity. If I had the money, this would be my top choice location.
When I moved to Highgate Hill in 2010 the place got robbed within 2 days. That area is a hole.
@@aron.gortman Comparing anything near the Brsibane CBD in 2010 to now is night and day. That area is super gentrified now.
@@matthewxcountry The homes looked pretty crappy when I was bicycling around the area recently. I would never live there. Right in the middle of the city and enormous hills. I think the best place to live within 100km of Brisbane is Maudsland/Upper Coomera by the base of Mt Tambourine.
Could you do suburbs with house averages under $1mil?
I'll do an overrated suburbs at 500k to $1m price point in the near future :)
Stafford is a very rough suburb
Think as you go north, it gets less desirable
In summer it's horribly hot and humid!!! With no ⛱️. Traffic is now a nightmare, it's definitely lost it's worlds largest country town ' feel
Was good while it lasted. Brisbane now way overpriced like Sydney and Melbourne
For a similar location and land size, Brisbane is still about half the price. Trust me as I own properties in both Sydney and Brisbane. If you're poor, don't come to Sydney!
@malkov0001 Brisbane median house price is higher than Melbourne. This happened in the last 6mths
I'd buy in Slacks Creek. Up 15% over the last 12 months and still affordable! 🙂 It's close to the train line and the M1 for city access. Can't lose!
Do you happen to own any property in slacks Creek? 😂
My friends have a nice home in Daisy hill. They bought for 650k in 2018. Worth at best 1mill now. We bought a smaller home in 2021 for 740k. Its probably worth 1.1mill now.
Traffic sucks any where in Brisbane , Brisbane Is a very large area
I do not know where you facts from . Anything under 5km of the city as the crow flies is worth big bucks . The Grange at $1.5m is over the top and even Stafford is not even worth $900k as it is an area full of ex housing commission homes in the area. I know with the Olympics are just around the corner I expect houses to hit the big time within the 30 km radius of Brisbane City.
Wavell heights is a good suburb but overpriced
Geebung is 3 mins further out and save 10-20% for similar houses. Better parks and public transport.
Honest thoughts on Hamilton?
Awesome but expensive
Good analysis I bought recently. I thought carindale wishart and Mansfield were all hundreds of thousands of dollars to high as well.
Carina, carina heights, mt Gravatt east and holland park west all way better value and better located
100% agreed. Some of the prices can be outrageous compared to what you can buy in a suburb nearby
Bought a house in Mansfiel in 2019, it literally double its price this year. But Mansfiel can’t be compared with Mount Gravatt East….. come on people…… Mansfield is better than MGE all the way and Wishart as well
@@rmvl2000 not biased at all...?
I want to buy a land at Loganholme, near Hyperdome shopping centre. But I’ve heard a lot of Brisbanes told me that Logan is crap😂. Btw I’m new to Brisbane. I want to know your thought😮
Logan is crap
Loganholme is fine. People from the north paint the whole of Logan with the same brush because they’re ignorant.
Why by land? You building or land banking?
We call it bogan instead of logan😂
The last place I'd love is near a city 😂😂😂😂 bloody drunks, junkies and creeps. Don't move anywhere near Brisbane 😂
Hates Brisbane. Watches an entire video on Brisbane suburbs 🥸
You've recommended some high crime suburbs, hence the lower prices. I would suggest you add crime to your criteria for suggestion.
what's your definition of high crime...?
@@lukewiles1 you have multiple definitions? Stafford is a well known drug area with a higher break in %. I moved from there because of that.
The whole Brisbane market is fucked. So overpriced only influenced by interstate migration. Not sustainable
Wondering that why all the investors cut their own haircuts instead going to barber r hairdressers
Yep, New Farm over rated , overpriced , you can get more 'bang for your buck' elsewhere !!!
Definitely overrated
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