Episode 220 Why Brisbane is a hotspot for property investors

[@malkov0001]

About 19 years ago, I drove up to Brisbane from Sydney using a UBD Map at the age of 30. I bought an old 3 bed, 2 bathroom Queenslander in Red Hill (4059) for $400K. It was unrenovated but rentable. About 10 years later, I hired tradies to do cosmetic repairs/renovations such as painting, deck repairs and adding a pergola - costing about $20K. I also partitioned the large lounge room to create a study room overlooking the front yard with street views. Today, it's worth about $1.5-$1.6M. I didn't put much money down as the deposit came from equity from another property and the rest was from the Bank. I've slowly paid off the debt and now only owe AUD$100K.

[@R.E.A.L.I.T.Y]

LNP & Labor have struck a secret deal to phase in a 1.5% universal Land Tax & phase out Stamp Duty, all Road Tolls and cap all public transport fares at 50c and establish a State Housing Corporation to build 20,000 appts PA. With Singapore style tax reform eg 70% land rezoning claw back appt prices will halve boosting business and immigration.

[@gus27822]

Eww property investors are largely what caused this mess, Queenslanders are slowly waking up to this and most don't like it. I wouldn't call QLD a safe place to park your money.

[@chookie131]

Investors are the reason we are in this mess? How?

[@lookstraight9770]

hahahahahahahahahaahha god help the kids

[@tuannguyenable]

Brisbane is a hot crime spot

[@streamlinepropertybuyers8584]

Check out our new blog of Brisbane crime!

[@tuannguyenable]

Victoria was Prison during COVID