The future of Australian property prices

[Chipp]

Just a couple hundred metres from me a parcel of 10.5 hectares has just hit the market , inside 10kms to Brisbane CBD ( just) . There is zero price guide but the mind boggles on how much it may be worth

https://www.realestate.com.au/property-residential+land-qld-upper+mount+gravatt-203816476

For a little perspective i have a house on a 1400sqm block with a land only value of what id expect to be $1.5mill plus .

 

[Chipp]

that depends on if the nutjobs have recently labelled it a 'flood zone ' ( unlike the numerous built on sites which have a regular history of inundation like say Queen Street in the centre of Brisbane )

its elevated , zero chance it ever floods , at a guess be close to 100m above sealevel

 

[TimeISmoney]

Just a couple hundred metres from me a parcel of 26 acres has just hit the market , inside 10kms to Brisbane CBD ( just) . There is zero price guide but the mind boggles on how much it may be worth

Fah wow! Land zoned for residential in the CBD area would be worth a mint.

 

[TimeISmoney]

that depends on if the nutjobs have recently labelled it a 'flood zone ' ( unlike the numerous built on sites which have a regular history of inundation like say Queen Street in the centre of Brisbane )

Half of the exotic estates here are built on old marsh areas, they just develop the land and pipe all the water away. Then when they have a 1 in 50 years rain event the storm water pipes can't deal with the water and flood the places out.

 

[Chipp]

Fah wow! Land zoned for residential in the CBD area would be worth a mint.


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105,000 sqm is a lot of house blocks , not sure how much be eaten up by roads/infra but i'd imagine that is 100 house blocks minimum .

 

[divs4ever]

Half of the exotic estates here are built on old marsh areas, they just develop the land and pipe all the water away. Then when they have a 1 in 50 years rain event the storm water pipes can't deal with the water and flood the places out.

one uncle ( by marriage ) had a nice water-logged paddock/farm .. the joke of the locals/relatives in the '60s , now it is called Hope Island

so i know exactly what you mean

 

[farmerge]

105,000 sqm is a lot of house blocks , not sure how much be eaten up by roads/infra but i'd imagine that is 100 house blocks minimum .

100 houses blocks will generate plenty of coin.

 

[TimeISmoney]

one uncle ( by marriage ) had a nice water-logged paddock/farm .. the joke of the locals/relatives in the '60s , now it is called Hope Island

so i know exactly what you mean

They were still developing parts of it a few years ago, I haven't driven through there lately most likely all done. I believe most of it was all dairy farms back in the day

I've some photos of the early days of the Broadwater, most of it was mud originally.

Runaway Bay before being developed.





Runaway Bay in the 70s

 

[farmerge]

There is a big sub division down near Midland here in WA.
One side of the road was owned by a top trotting trainer/owner years ago.
Approx 100 acres with a large chunk of wet, wet land in the middle. that wet land is no longer visible as it has been drained and the whole area built up by about a metre above the old ground level.
I guess when a flood does occur the problems will eventuate. State of the art metal fencing around each block will make sure that little to no water can escape.
Probably going at about 7-8 houses to the acre.
Just a guess.
The other side backs on to the local and east-west railway line with just as many hovels being built there also.

 

[qldfrog]

As a European, I find RE here very weird, and basically do not understand it..well I do now but can not reconcile the Ozzie thinking.
My own rant
Our farm is still on sale after nearly a year on the market, to be truthful, the first agent used it and did an abysmal job, but the second one has been on for nearly 6 months and we have not had a single offer while told from different sources inc bank loan valuation etc that we are definitively within value price asked
Less than 30 min from Noosa,1h Brisbane airport 10min from all facilities in Cooroy and 70 acres hilly but fully cleared top yard ,paddocks dams and creek in coastal green belt: no drought fire.
Modern architect house pool etc etc
That brings it in at least 1.7 to 1.8 m.
Yet we see 5 acres block houses sold for above or farms further out toward Gympie with less carrying capacity sold for .
Position position indeed:
Too big it seems for the 5 acres guys who will spend every week ending their rideone while we are sipping tea looking at cattle grazing
Few farmers retiring cashed up..and they are mostly used to inland flat land.
And horsey people are saying too steep for their preferred children..while I have spent my youth hiking next to horses along cliffs in the Austrian alps.
And obviously an income from cattle as you can have 30 to 40 heads..plus calves, or agist
That should cover a huge chunk of the mortgage interest..
Nope not interested..would have to think or work on their own
Weird and so conventional..we had the same issue selling a modern solid qlder during the fake Tuscan trendy fashion a few decades ago.
Wonder where these fibreglass columns are now
It is so sad that privacy, comfort, silence and convenience..a home and a life..seems to be often hardly considered by buyers..so no pity from me for the battlers and they 6% HL...

 

[wayneL]

There is a big sub division down near Midland here in WA.
One side of the road was owned by a top trotting trainer/owner years ago.
Approx 100 acres with a large chunk of wet, wet land in the middle. that wet land is no longer visible as it has been drained and the whole area built up by about a metre above the old ground level.
I guess when a flood does occur the problems will eventuate. State of the art metal fencing around each block will make sure that little to no water can escape.
Probably going at about 7-8 houses to the acre.
Just a guess.
The other side backs on to the local and east-west railway line with just as many hovels being built there allso

Not far from your Chinese takeaway?

 

[divs4ever]

As a European, I find RE here very weird, and basically do not understand it..well I do now but can not reconcile the Ozzie thinking.
My own rant
Our farm is still on sale after nearly a year on the market, to be truthful, the first agent used it and did an abysmal job, but the second one has been on for nearly 6 months and we have not had a single offer while told from different sources inc bank loan valuation etc that we are definitively within value price asked
Less than 30 min from Noosa,1h Brisbane airport 10min from all facilities in Cooroy and 70 acres hilly but fully cleared top yard ,paddocks dams and creek in coastal green belt: no drought fire.
Modern architect house pool etc etc
That brings it in at least 1.7 to 1.8 m.
Yet we see 5 acres block houses sold for above or farms further out toward Gympie with less carrying capacity sold for .
Position position indeed:
Too big it seems for the 5 acres guys who will spend every week ending their rideone while we are sipping tea looking at cattle grazing
Few farmers retiring cashed up..and they are mostly used to inland flat land.
And horsey people are saying too steep for their preferred children..while I have spent my youth hiking next to horses along cliffs in the Austrian alps.
And obviously an income from cattle as you can have 30 to 40 heads..plus calves, or agist
That should cover a huge chunk of the mortgage interest..
Nope not interested..would have to think or work on their own
Weird and so conventional..we had the same issue selling a modern solid qlder during the fake Tuscan trendy fashion a few decades ago.
Wonder where these fibreglass columns are now
It is so sad that privacy, comfort, silence and convenience..a home and a life..seems to be often hardly considered by buyers..so no pity from me for the battlers and they 6% HL...

not a single offer ?

hmmm the farm where i am now , had multiple offers but the sale kept falling over , at the finance stage , even the purchase was made at almost 100% cash down ( funded by stock liquidations and other asset reductions including closure of bank accounts )

maybe other buyers are smarter than me , and check out the credit availability first ( i foolishly assumed some very large banks would be happy to lend say 10% to 20% on the property with an existing 3 bedroom house + water and sheds )

however i do have a long memory .....

 

[wayneL]

As a European, I find RE here very weird, and basically do not understand it..well I do now but can not reconcile the Ozzie thinking.
My own rant
Our farm is still on sale after nearly a year on the market, to be truthful, the first agent used it and did an abysmal job, but the second one has been on for nearly 6 months and we have not had a single offer while told from different sources inc bank loan valuation etc that we are definitively within value price asked
Less than 30 min from Noosa,1h Brisbane airport 10min from all facilities in Cooroy and 70 acres hilly but fully cleared top yard ,paddocks dams and creek in coastal green belt: no drought fire.
Modern architect house pool etc etc
That brings it in at least 1.7 to 1.8 m.
Yet we see 5 acres block houses sold for above or farms further out toward Gympie with less carrying capacity sold for .
Position position indeed:
Too big it seems for the 5 acres guys who will spend every week ending their rideone while we are sipping tea looking at cattle grazing
Few farmers retiring cashed up..and they are mostly used to inland flat land.
And horsey people are saying too steep for their preferred children..while I have spent my youth hiking next to horses along cliffs in the Austrian alps.
And obviously an income from cattle as you can have 30 to 40 heads..plus calves, or agist
That should cover a huge chunk of the mortgage interest..
Nope not interested..would have to think or work on their own
Weird and so conventional..we had the same issue selling a modern solid qlder during the fake Tuscan trendy fashion a few decades ago.
Wonder where these fibreglass columns are now
It is so sad that privacy, comfort, silence and convenience..a home and a life..seems to be often hardly considered by buyers..so no pity from me for the battlers and they 6% HL...

I've lived here almost my entire life and I still can't really figure it out. That's nice country up there, and down on the flats you have flood risk.

70 acres is in that thing of just being too big for hobby farmers/Queen Street dreamers though.

You're after specific buyer. They will come along eventually, but having been there, done that I feel your pain.

(237 acres in the Biddaddaba valley... It even had 40 acres of creek flats and lots of infrastructure. It took two and a half years to sell and eventually took it where the sun don't shine, without lube )

 

[wayneL]

its elevated , zero chance it ever floods , at a guess be close to 100m above sealevel

It's gonna be will into 8 figures I imagine.

 

[Chipp]

As a European, I find RE here very weird, and basically do not understand it..well I do now but can not reconcile the Ozzie thinking.
My own rant
Our farm is still on sale after nearly a year on the market, to be truthful, the first agent used it and did an abysmal job, but the second one has been on for nearly 6 months and we have not had a single offer while told from different sources inc bank loan valuation etc that we are definitively within value price asked
Less than 30 min from Noosa,1h Brisbane airport 10min from all facilities in Cooroy and 70 acres hilly but fully cleared top yard ,paddocks dams and creek in coastal green belt: no drought fire.
Modern architect house pool etc etc
That brings it in at least 1.7 to 1.8 m.
Yet we see 5 acres block houses sold for above or farms further out toward Gympie with less carrying capacity sold for .
Position position indeed:
Too big it seems for the 5 acres guys who will spend every week ending their rideone while we are sipping tea looking at cattle grazing
Few farmers retiring cashed up..and they are mostly used to inland flat land.
And horsey people are saying too steep for their preferred children..while I have spent my youth hiking next to horses along cliffs in the Austrian alps.
And obviously an income from cattle as you can have 30 to 40 heads..plus calves, or agist
That should cover a huge chunk of the mortgage interest..
Nope not interested..would have to think or work on their own
Weird and so conventional..we had the same issue selling a modern solid qlder during the fake Tuscan trendy fashion a few decades ago.
Wonder where these fibreglass columns are now
It is so sad that privacy, comfort, silence and convenience..a home and a life..seems to be often hardly considered by buyers..so no pity from me for the battlers and they 6% HL...

I know some people who had gorgeous property at Bollier similarly sized to yours and they actually sold it to get into a property just under 5 acres due to some pension caveat re property size , they be going to access pension soon , maybe this is part of the issue . I get it some dont want to be a slave to a property as well . I need to stay close to Brisbane due to my wifes elderly mother otherwise i would hit you up for some details . Good luck with it

 

[Chipp]

It's gonna be will into 8 figures I imagine.

Gross value with roads and services probably be 9 figures so i'd imagine developer value 8 figures with a 2 or 3 in front at least

 

[Dona Ferentes]

in the Saturday property section , amongst the waterfront offerings


.
Census: usual resident population of Gunning - Dalton and District in 2021 was 2,361
.
sleepy town.... somebody's wet dream

 

[Belli]

"Only 67km to Canberra." Yeah, sure thing, no worries. If you like the excitement of Sutton Road, especially at night. Otherwise it's 80+km via the Barton Highway or 110 km via the Federal Highway.

By the bye, what is not said about the "only 67km to Canberra" road is it is subject to flooding and gets wiped away quite often.

 

[divs4ever]

gets wiped away quite often.

WHAT ??

Canberra ?

i can only hope , we already tired of Ivory Towers in Queensland

 

[Dona Ferentes]

"Only 67km to Canberra." Yeah, sure thing, no worries. If you like the excitement of Sutton Road, especially at night. Otherwise it's 80+km via the Barton Highway or 110 km via the Federal Highway.

Gungahlin would only be low 50's ..ha ha

By the by, what is not said about the "only 67km to Canberra" road is it is subject to flooding and gets wiped away quite often.

nice goat track. built for RAM and Explorer types.