This not directly financially related but it involves a financial purchase with money.
I am considering the purchase of a 2 bed Brisbane inner city apartment in the coming months and was wanting to know with the predicted oversupply, when might be the right time to buy?
Brisbane Apartment Oversupply
David76 on 19/06/2017 - 20:37
Comments
See how things go in the new financial year David. With the federal budget released last month regard foreign resident threshold decreasing from 2million to $750k and also the tax rate jumping from 10% to 12.5%, foreign investment and foreign interest will drop and create a further oversupply of residential inner city. It appears to counter this, the Qld government has extended the $20k first home owners grant to 31 December 2017.
So to get back to your question, wait and see in the next few months as the prices may possible drop even further. Are you looking at buying as investment or as occupier.
It will be an owner occupier purchase.
Ok, IMO, best to wait and keep an eye on the market for July/August. My mate is an agent in Brisbane and is keeping an eye out for me for luxury apartments as well.
penthouse still in short supply unfortunately.
Those apartments with the flammable cladding are sure to drop in price, wait for that!
People are dying for that kind of saving. :(
There is that and Labor's home insulation scheme
Keep an eye on the worm that is the vacancy rate.
Certainly trending upward.
http://www.sqmresearch.com.au/graph_vacancy.php?region=qld%3…
http://www.realestate.com.au/news/brisbanes-residential-vaca…
Actual oversupply. Your question can't be answered if anyone is being factually honest.