Oct 19, 2020
Are you interested in getting involved in the Brisbane property
market? If so, today’s episode is just for you.
But even if you aren’t interested in investing in the Brisbane
property market yourself, considering that each state and city has
its own nuances, the message that you’re going to hear from Brett
Warren today will be useful to change and translate to the area
where you want to invest.
10 things you must know before investing in
- Where are the jobs being created? Demand will
be stronger closer to major employment hubs and right now in
Brisbane, there are 50,000 jobs being created between the CBD and
the Airport. So, in Brisbane, stick to the 10km ring to encompass
the CBD, Hospitals, and the Airport precincts.
- Suburbs within a school catchment will continue to
attract a premium – 1) not all schools are equal and 2) do
not just assume buying in a suburb gives you access to that school.
Missing the catchment by a single house or street could mean a
difference of $50,000, so it pays to get it right! So, paying
slightly more to get into the right catchment will greatly benefit
- People are not wanting to move further out and away
from the City – While accommodation is smaller, there
needs to be more happening outdoors, think lifestyle and
entertainment precincts, green space, and convenience. Walkscore
can be an invaluable tool for this.
- Public Transport a MUST - Our roads will get
busier – There is probably an 80/20 rule here in
Brisbane for public transport. Inside the 10km ring there is an 80%
chance of having some form of public transport, that drops to as
low as 20% when you start getting out past the 15km to 20km ring.
Moving forward, identifying a location close to a bus, train, or
even ferry, will be critical as commute times balloon!
- Majority of new infrastructure projects are within 5km
of the CBD – Brisbane is not as mature as Melbourne or
Sydney. That maturity is maybe 10 or 15 years away.
- Flooding and Stormwater are common – There
have been several major floods over the last century and while they
generally only come along every 20 – 30 years, it still must be on
your radar. Even more common though are Brisbane’s storms and
stormwater runoff – overland flow.
- We may buy in most suburbs, but not in all parts of a
suburb – To get wealth-producing levels of return, you
need to not only buy in the best suburbs but in the best pockets of
- Zoning is becoming critically important – You
can’t necessarily pull down a house that would be past its use-by
date in another city, and the agent won’t necessarily tell you
that. Important to stick to areas that are already designed
- The Rich will get richer over the next
- Brisbane is not Melbourne or Sydney – property outside
will 10km will not catch up.
Links and Resources:
Warren - Metropole Property Strategists
Property Plan – to help both beginning and experienced
Shownotes plus more here:
10 Things Investors Must Understand Before Investing in Brisbane
with Brett Warren
Some of our favourite quotes from the show:
“People come from other states, and they try to bring their
local knowledge, how they would invest, how they would live in some
of the other states to Brisbane, and it doesn’t really work.” –
“I think we’ve realized in the recent downturn, but in previous
downturns as well, that some industries are more stable and others
are more seasonal and more fickle.” – Michael Yardney
“By the way don’t compare yourself with other people, because
the things you see on Instagram and Facebook aren’t real.” –
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