Why Brisbane Might Not Be the Best Place to Invest in Property Right Now, with Brett Warren

Everywhere you look, people are talking about the Brisbane property market.

 

The Olympics are coming, property prices have surged, and there’s this growing belief that Brisbane is the place to be for investors right now.

 

In fact, it's not just Brisbane, but a whole swag of new and let me call them inexperienced buyers agents are suggesting buying in regional areas of northern Queensland.

 

But history tells us something interesting - when everyone’s talking about a market, it’s often already too late.

 

So, is Brisbane still a smart investment play, or has the boat already sailed?

 

To help unpack that, I’m joined by my business partner and National Director at Metropole, Brett Warren, who’s based in Brisbane and has been studying this market for decades.

 

Despite being a proud Brisbanite, Brett’s going to share why he believes now might not be the best time to be chasing growth in Brisbane, and he’s here to tell us why.

 

In this conversation, we discuss the current state of the Brisbane property market, the implications of the upcoming Olympics, and the importance of strategic investment.

 

The discussion also highlights Melbourne's potential as a new investment opportunity, contrasting it with Brisbane's current market dynamics.

 

The conversation concludes with practical takeaways for investors looking to navigate the property landscape effectively.

 

Takeaways 

·         Brisbane's property market has seen significant growth but may be reaching its peak.

·         Understanding property cycles is crucial for making informed investment decisions.

·         The upcoming Olympics may not significantly impact the property market as expected.

·         Investors should look beyond Brisbane for opportunities, particularly in Melbourne.

·         Melbourne is currently undervalued compared to other major cities in Australia.

·         Quality locations with proven demand are essential for long-term investment success.

·         Investing strategically and based on data is more effective than following trends.

·         The local economy and job growth are key drivers of property demand.

·         Investors should be cautious of inexperienced agents pushing regional properties without solid economic foundations.

 

Chapters 

 

01:47 – Why the Brisbane Boom May Be Peaking 

03:59 – Olympics Hype vs Real Property Cycles 

06:43 – The Risks of Chasing Regional Queensland 

09:03 – Affordability Ceilings and Slowing Momentum 

13:11 – Why Crowd-Chasing Fails and What to Do Instead 

15:48 – Melbourne’s Rebound and Sydney Apartment Opportunities

 

Links and Resources:

 

Answer this week’s trivia question here - http://www.propertytrivia.com.au/

·         Win a hard copy of Michael Yardney's Guide to Investing Successfully. Everyone wins a copy of a fully updated property report.

 

Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au 

 

Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us

 

 

Brett Warren - National Director of Property at Metropole

 

Michael Yardney – Subscribe to my Property Update newsletter here.

 

Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Or click here: https://demographicsdecoded.com.au/