How the Olympics will affect these Brisbane suburbs!

[@rollerbladingbrisbane]

Great video. I really like how you’re backing up what you’re stating with the numbers.

[@MortgageBrokerAustralia]

I appreciate that glad you enjoyed it!!

[@notimportant8120]

Lower side of the train line in Albion is at a major flood risk.

[@edouardriottot]

Olympics will cost a lot with limited return....the only good thing is new infrastructures

[@alexto9216]

Been to Brisbane last Christmas, don’t think the city has the capacity to host Olympic. It is already crowded as it is.

[@MortgageBrokerAustralia]

Yeah agreed, in QLD we need more options for public transport - I read Of the four biggest capital cities, Brisbane has the lowest public transport use. Need to do more about this to make Brisbane a global city www.racq.com.au/about-us/advocacy/queensland-matters#focus

[@downundabrotha]

They cancelled tons of projects

[@sjcampbell8]

I just sold my Coorparoo unit last year. It oversupplied in 2016 and it took 8 years to move the market. my rent only went from $370pw in 2014 to $390pw when i sold. Rental increases totally made sense in comparison to Sydney which seemed excessive.

[@marton7949]

Coorparoo is booming now, bought 2.5 years ago, up 250k in growth

[@distinctivedesigns4184]

Murarrie is only 8kms from CBD and benefitting from Brisbane International Cycle Park at Murarrie Recreation Reserve to finish in the next few months.

[@MortgageBrokerAustralia]

You're absolutely right-Murarrie is in a prime location, just 8kms from the CBD, and the upcoming Brisbane International Cycle Park at Murarrie Recreation Reserve is a fantastic addition to the area. I actually did a short on why it should be on your radar kzbin.infoKl9bOMYezvM

[@hermesliteratus882]

The properties in Murarrie are already very expensive, the price is just slightly lower than Cannon Hill.

[@frenchlessonsaustralia8431]

Is Australian property overpriced? House prices across Australia were overvalued by more than 29 per cent...........That is true!

[@BTHMMIV]

just bought a 2 bed Hamilton apartment mid December 2024 (ppor first home)

[@zenmachine50]

the house price to income ratio in Brisbane used to be about 3 or 4 Xs in the 70s and it is now 11Xs... let's say the average income is about $100,000, interest rats are at 6% and buyers borrow 80% to purchase the house and 30% of a buyers income is spent on accomodation. ie a $1m property $800,000 borrowed interest at 6% = $48,000 % of income spent on accomodation = 48% wouldn't that suggest that buyers are almost totally maxed out already? also don't potential homeowners have to pay interest + principle? Now you are talking about an increase in 50% due to the olympics and let's assume people can only pay for stuff they can actually afford, my question is..... where is the money for that 50% rise in property prices going to come from?

[@WickWars101]

Any thoughts on fortitude valley, It needs a make over. Its next to spring hill so i guess so

[@cracknoir8397]

They would have to level the whole valley and start over too get rid of that pissy toilet smell in there

[@hermesliteratus882]

The area is too noisy, busy and dangerous.

[@stephent2243]

Hamilton - aren't most of those units going to be social housing? That was one of the reasons I sold a place in that area recently, coupled with the oversupply. Nice area but it's dead, nothing exciting nearby.

[@BTHMMIV]

I just bought a unit last month lol

[@Alexldev]

a quick google shows that this is false.

[@BrainierMocha]

Hmmm…. Check the productivity of the local workforce compared to the other cities, during the preparation, the age versus income, which governments were in and what were the economic challenges. We are about to enter a high inflation period as the government looks for ways to fund this development. They just knocked back a free Olympic stadium option to maintain power, access to political donations and appointment of construction contracts. I wonder how this compares to the Keating era recession we had to have. Risky time for mortgage brokers.

[@MortgageBrokerAustralia]

Hi there thanks for your comment! Definitely some factors worth considering right there...

[@domenicbellino4703]

If people remember EXPO 88, the rates go up food goes up to pay for that event and it didnt go down, when it was finnished its not a good thing all to pay investors to retire. a Burger at 1988 prices $1.50 expo price $5.00 . its not afforable rent $75.00 now $400.00 get ready for tent cIties the growth is great for somepeople or living in there cars. the city council will raise rates so much for investment. I dont think emplorers are going to raise wages to keep up,the outer suberbs will be slums just like other countries that hold these main events the non investors will pay once the hype is gone we will be left are we going to destroy those buildings to make way for a park like south bank all people will be paying for generations for the 1% that invested who will be long gone to enjoy the benefits of there investments. no country has a solution for the money pit of such big mainevents

[@MortgageBrokerAustralia]

Hi there thanks for your comment! Very insightful comment. yes, navigating the pros and cons of a mjor event is always tricky.

[@Zall77]

Any info on Kangaroo point? Thank you in advance

[@hermesliteratus882]

As one of the most expensive and premium districts in all of Brisbane, some apartments here are quite nice. It could be even more expensive than West End and South Brisbane.

[@avenzitravel]

I don’t think the Sydney olympic village area has sustained or attracted investments/growth so wondered if Brisbane will be different?

[@MortgageBrokerAustralia]

I suppose I was focusing on the values, the Sydney Olympic Village had seen substantial growth since the 2000 Olympics, with homes now valued around $2 million, showing a strong real estate market. Similarly, Brisbane expected to experience significant growth, driven by a $4.9 billion infrastructure investment from the Australian and Queensland governments but as for post olympics will have to see.

[@herbertvonsauerkrautunterh2513]

The Olympics are a load of shit but if I can gain from that then why not? I already have over 100% gains on my properties north of brisbane.. other areas will benefit if those fancy places go up too high. Will move further out. I wouldn't touch a unit, even if it was cheap.. I have an average 11-12% rental yield and any $3mill available equity

[@MortgageBrokerAustralia]

It sounds like you’ve already seen some impressive gains in your property investments north of Brisbane! Yeah as mentioned mostly due to affordability and yield units can make sense than people getting into the market compared to houses - but largely depends on your strategy (capital gains/yield) and budget.

[@LoochiLou]

Brisbane will be flooded by then one of the worst floods in history.

[@Ravioligreen180b]

My issue is after the Olympics. Every town that hosts the commonwealth games or the Olympics goes into a slump

[@MortgageBrokerAustralia]

Thank you for sharing your thoughts! You have raised a valid point. However, Brisbane's approach is quite different. They’re focusing on long-term infrastructure and community benefits rather than just temporary venues. The plan includes significant investments in transport, housing, and urban renewal that will serve the city well beyond 2032. The Games are seen as a catalyst for growth rather than the end goal…

[@MrMaksuz]

Yup check Sarajevo for example

[@MrKaramba101]

Any thoughts on Upper Kedron?

[@hermesliteratus882]

Upper Kedron could be a hidden gem, but traffic conditions need to be taken into consideration if you work in the city.

[@mjb6446]

50% price rise? Yeah, nah. Where's the extra 50% supposed to come from? Are peoples incomes going to be 50% higher? Is their borrowing capacity going to be 50% higher? People are already stretched to the limits of affordability, there is no latitude for those kinds of price increases from this point forward. The lemon has been squeezed of all of its juice. It's a plateau from here, followed by downward action, not upward.

[@MortgageBrokerAustralia]

Thanks for sharing your thoughts! You’ve got a point about affordability and borrowing limits. While a 50% price hike sounds steep, the Olympics can boost local economies. This, along with population growth, can drive prices up. But, housing markets aren’t always uniform. Some areas might boom, while others might stay flat or even drop.

[@frankpost8296]

When the dollar implodes how will you price your home.

[@MortgageBrokerAustralia]

Hey there! Thanks for your comment. While it's hard to predict the future of the Australian dollar, historically the property market has withstood all kinds of economic downturns. So if you buy a house, you will always come out on top!

[@crossroadguitars]

better not as it is already way to high

[@MortgageBrokerAustralia]

Thanks for your comment! Yeah prices are already high and the upcoming Olympics are creating even more buzz in Brisbane. However, it is the best time to buy a property in Brisbane as it will be easier and faster to gain equity.

[@0401412740]

Stop foreigners from buying Australian real estate. Should be for citizens only

[@MortgageBrokerAustralia]

Thanks for sharing your thoughts! Foreign investment has its pros and cons and maintaining that balance is important for the overall health of our economy and property market.

[@frankpost8296]

When are loaf of bread cost 1 million dollars the house will seem quite cheap

[@MortgageBrokerAustralia]

😀

[@frenchlessonsaustralia8431]

Speculation ........

[@LiftingRhys]

What are your thoughts with Annerley?

[@trythis2821]

Going to be great if you are not in a flood prone area.

[@MortgageBrokerAustralia]

Great spot, good access to the city too. Just depends on budget as well prices have surged there over the past few years.

[@hermesliteratus882]

I'd rather choose Sherwood.

[@frenchlessonsaustralia8431]

nobody knows so far we are talking about recession in Australia and America in 2024

[@instantalbums]

Ipswich?

[@MortgageBrokerAustralia]

Will look to do a video on Ipswich in the next few weeks!

[@hermesliteratus882]

Another Logan.

[@praveenamclean28]

If you want traffic buy in this suburb.

[@MortgageBrokerAustralia]

Thanks for your comment. Yes, high traffic is one of the downsides of buying in an Olympic suburb but the upside is they are upgrading the infrastructure

[@Eric-jo8uh]

I’ll be getting as far as I can from boring Brisbane during this expensive (for tax payers) time.

[@alexto9216]

Don’t think Brisbane has good enough infrastructure to host full scale Olympic. Chances are majority of the games will be played in other major cities like Melbourne and Sydney, Brisbane will be a city where the opening and close ceremonies are.

[@mushy111]

Nonsense, the majority of venues will be in Brisbane. Some on the Gold Coast and fewer still on the Sunshine Coast. Sydney and Melbourne will only be hosting football preliminaries.

[@MortgageBrokerAustralia]

The government has committed to hosting in Brisbane, with the athlete's village slated for Hamilton, so logistically, it wouldn't make sense to have games interstate, but they will be relying on stadiums on the Sunshine and Gold Coast as its within 1 hour drive. They've also committed funding to creating/upgrading -Athlete Villages: New athlete villages will be constructed to accommodate more than 16,000 athletes and officials during the Olympic Games and around 8,000 during the Paralympic Games. These villages will be converted into permanent housing post-Games, contributing to the region's housing supply. - Existing Venue Upgrades: Several existing venues will undergo upgrades to meet international standards. For instance, the Brisbane International Shooting Centre will receive enhancements to host all shooting disciplines, and modest enhancements are planned for the Gabba, a historic sports venue. - Brisbane Arena: A major new facility, Brisbane Arena, is part of the infrastructure investment, with up to $2.5 billion allocated for its development. This arena is expected to provide a world-class venue for premium live events and is well-connected to transport networks. -Venue Infrastructure Program: A $7.1 billion venue infrastructure program is underway, funded by the Australian and Queensland Governments. This program aims to reshape significant venues and precincts across Queensland, ensuring they meet the needs of the Games and leave a lasting legacy for the community.

[@ConstructionHoney]

Wrong and I'm doing many projects. Many facilities are being built in neighboring regions like GC and sunny coast

[@DasKampbell]

Olympics ruins nearly every city that hosts it. I’m laughing in recession at you.

[@MortgageBrokerAustralia]

Hey there, thanks for sharing your thoughts! You are right to be cautious - the Olympics can definitely be a mixed bag for host cities. However, Brisbane's approach is aiming to be different. Its focusing on long-term benefits and sustainable development that goes beyond just the Games.

[@DasKampbell]

@@MortgageBrokerAustralia they said the same thing about the 2001 goodwill games that was hosted in Brisbane, it didnt work well then either.

[@g-funk484]

people cant afford to eat what makes you think they will magically afford these prices your saying? be honest shits about to hit the fan

[@jez0084]

I’ve been saying that for a number of years now yet prices seem to keep going up here in Brisbane. Defies any sort of rational logic!

[@g-funk484]

@@jez0084 its just investors/big business buying up real estate to make profit from high rental due to high immigration, or stupid home buyers who over leverage there loans and wont be able to afford it soon, either way its an artificial price and will crash, who ever says it wont crash are the ones renting out properties, dont trust a "real estate youtuber" use logic it will crash just a matter of when, remember when rba said they wont lift rates when they had them at 0.1% well that was not true either so believe what you want i know im ready to buy in at crash time

[@Spoonfed78]

It's just accelerating the divide, middle class disappearing. It usually means worse for the majority but there's a minority of big winners which allow more and more leverage.

[@MortgageBrokerAustralia]

Hi there, thanks for the comment! The high prices can be a bit daunting but with the right strategy and working with a mortgage broker, it is possible to find the right property for you. Challenging but not impossible!

[@g-funk484]

@@MortgageBrokerAustralia hahahah you spoke that exactly like a robot, im not in any kind of financial situation like other people, i own my own business and plenty saved up for a home cash purchase, im simply saying we both know people are struggling, just because people can get a loan from a broker who will hustle them anyway does not take away that people cant afford repayments or are you blind/playing dumb? I can see now your entire channel is based on an image like a tv show, let me ask you this.....would you let your mum take a loan from one of these brokers and let her struggle to pay it back? no because we both know how investments work, a crash is coming keep leading on your audience, you are a TOOL to say the prices are daunting, telling me challenging to find a loan like you know what people have in there account hahah, try helping people on your channel might get you more views.......

[@gus5966]

my china friend ping pong wee wee said buy off the plan houso unit

[@MortgageBrokerAustralia]

Thanks for your comment!

[@user-jl2wd1it8h]

My cousin in China Mr Wang Lo Peen is a wealthy investor and would like to open a bubble tea chain in Brisbane.

[@31benno]

Is there a reason you're talking so fast??😂

[@MortgageBrokerAustralia]

Hahahaha. I'll slow down next time promise...😉

[@ARBITRAGEandTIME]

Ponzi 😂

[@MortgageBrokerAustralia]

Thanks for watching!

[@akaStarex]

Thoughts on Logan LGA

[@jez0084]

Depends on the suburb. Generally low socioeconomic residents but if you have a long term view things will likely change over time.

[@chaulsin]

We bought in Beenleigh last year and our house has gone up by 1/3d since. Bought with 5% down and just refinanced with 20%, mainly from the increase in price. A lot of houses being sold in the area. I reckon interest will stay, you're 30 minutes from GC, Brisbane and Ipswich.

[@MortgageBrokerAustralia]

Will look to do a video to cover this in the next few weeks!

[@kerenkrause5082]

​@chaulsin I agree with Beenleigh.

[@NM-ii8wn]

Paddington?

[@MrBoxxed]

Mate slow down

[@MortgageBrokerAustralia]

Sure! Thanks!

[@MrMaksuz]

Yeah… slow down

[@yobyob9369]

Olympics overated

[@MortgageBrokerAustralia]

Thanks for watching!