{"id":7815,"date":"2016-05-05T01:00:10","date_gmt":"2016-05-04T15:00:10","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=7815"},"modified":"2016-05-05T01:00:10","modified_gmt":"2016-05-04T15:00:10","slug":"qld-growth-is-discounted","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/","title":{"rendered":"Qld growth is discounted"},"content":{"rendered":"

 
\nOne of the big improvers tipped for this year is Queensland and Shannon Davis<\/strong> gives us his view on the outlook there.\u00a0 He points out that while the Queensland market overall has had a solid year, it is sometimes compared to Sydney and Melbourne, where the growth has been spectacular and the improvement is discounted.
\nTranscript:<\/strong>
\nKevin:<\/b>\u00a0 It\u2019s fitting as we head towards the end of the show and this great wrap that we\u2019ve done all around Australia that we would focus very much on the Queensland state, one of the states predicted to be one of the big winners. It has underperformed in recent times, and it\u2019s certainly not up to the expectation of a lot of people. But joining me to have a look at the Queensland market, Shannon Davis from Metropole Properties in Brisbane.
\nShannon, before start, congratulations; the other side of your business, Image Property Management, just took a couple of major awards last night, as well.
\nShannon<\/b>:<\/b>\u00a0 Thanks, Kevin. It\u2019s been a lot of work down to the team, but it\u2019s good to get some recognition.
\nKevin:<\/b>\u00a0 Large Agency of the Year and BDM, Business Development Management of the Year \u2013 accolades well deserved, Shannon, so congratulations to you and the team there at Image.
\nShannon<\/b>:<\/b>\u00a0 Thanks a lot, Kevin.
\nKevin:<\/b>\u00a0 Let\u2019s have a look at the Brisbane market. What is the sentiment? What are you hearing about Brisbane?
\nShannon<\/b>:<\/b>\u00a0 The sentiment is a little bit fragile and perhaps lacking urgency. I think we\u2019re expected to do well this year and probably be the leading, or if not leading, the second leading capital city around Australia. But just because we haven\u2019t had the robust growth of the southern states, sometimes any negative news can have more of an impact in the Queensland market.
\nKevin:<\/b>\u00a0 The growth has been fairly well up to Brisbane\u2019s standard, and the median price still just under $500,000. But still, we\u2019ve had an almost 5% increase in the last 12 months, which is not too bad.
\nShannon:<\/b>\u00a0 It\u2019s not too bad considering we\u2019re in a pretty low-inflation environment and interest rates are quite low and money in the bank isn\u2019t doing that much, either. Amongst those scenarios, it\u2019s not a bad result.
\nKevin:<\/b>\u00a0 Where are the suburbs that you\u2019d be looking out for? Where is the best buying right now in Brisbane?
\nShannon<\/b>:<\/b>\u00a0 The middle ring suburbs probably have a little bit more value. The houses, especially on the south side, are really in high demand at the moment. That\u2019s probably the hottest part of the market, I think. You have areas like Tarragindi, Holland Park West and Holland Park, and Annerley, and you\u2019re still getting lots of numbers to open homes, multiple offers, and spirited bidding.
\nKevin:<\/b>\u00a0 What is the price range in, say, Tarragindi and Annerley, two of the well-known suburbs?
\nShannon:<\/b>\u00a0 It\u2019s going really quickly through the $600,000s, mid to high, and even touching $700,000. All of that seems to have happened just in the last three or four months.
\nKevin:<\/b>\u00a0 The returns in those areas for investors?
\nShannon<\/b>:<\/b>\u00a0 They can bank on about a 4% yield for houses. With that level of capital growth, it\u2019s not a bad investment.
\nKevin:<\/b>\u00a0 Those suburbs you mentioned on the south side, what\u2019s driving that growth?
\nShannon:<\/b>\u00a0 There are a lot of owner-occupiers, people who are confident of their position and jobs. They\u2019re looking to upgrade, and other investors wanting to get some land with their investment are looking that way, as well.
\nKevin:<\/b>\u00a0 What other areas would you say to avoid in the Brisbane market?
\nShannon<\/b>:<\/b>\u00a0 There is apartment oversupply in some inner ring suburbs. More than that, there is a pipeline of apartments coming, which is probably more ominous. But the supply is going to have to wait for the demand to catch up. There is going to be a lag period there. I think they\u2019re not going to lay empty because there are so many amenities in the inner city lifestyle, but it\u2019s taking a while to catch up.
\nKevin:<\/b>\u00a0 We are hearing about an oversupply or a looming oversupply of apartments, and you touched there on the CBD and those near-CBD suburbs. What are you hearing from developers? What are they saying? Are they tending to stand back a bit?
\nShannon:<\/b>\u00a0 I\u2019ve heard that some projects are being, perhaps, delayed, not being commenced. The DAs are there, but not all are shovel-ready just as we speak, so maybe a little bit of hesitancy there.
\nKevin:<\/b>\u00a0 What\u2019s impacting the markets in Queensland at present? We\u2019ll take a broader view, excluding North Queensland because we\u2019ve already covered that. But take a broader view of the South East corner of Queensland. What are the positive and negative influences on the market right now?
\nShannon:<\/b>\u00a0 Our transition out of the mining-type boom has been better than expected, I think. There are a lot of jobs being created in South East Queensland, largely down to the construction industry, and also tourism is seeing a big, robust injection. The weak dollar is really helping our economy. I think on the positive side, the South East corner s producing a lot of jobs and it has a good effect for investment.
\nNegatively, though, that sentiment can be fragile. It\u2019s an election year, as you know, so sometimes that has an effect on big-ticket items. Also, APRA changes, which were meant to take the heat out of Sydney and Melbourne, affect Queensland borrowers because we probably haven\u2019t had the same amount of equity growth, so we may start doing lower LBRs, only 90% lending, if we haven\u2019t had the same growth, that has another knock-on effect to Queensland investors.
\nKevin:<\/b>\u00a0 Shannon Davis from Metropole Properties in Brisbane, thanks for that overview on the Queensland market, and congratulations, once again, on taking out those two awards, Large Agency of the Year and BDM of the Year, for the LPMA Awards. What does that stand for, by the way?
\nShannon:<\/b>\u00a0 Leading Property Managers Australia.
\nKevin:<\/b>\u00a0 Shannon\u2019s other business, of course, is Image Property Management.
\nWell done, Shannon. We\u2019ll talk to you again soon. Thanks, mate.
\nShannon:<\/b>\u00a0 Thanks, Kevin.
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

  One of the big improvers tipped for this year is Queensland and Shannon Davis gives us his view on the outlook there.\u00a0 He points out that while the Queensland market overall has had a solid year, it is sometimes compared to Sydney and Melbourne,…<\/p>\n","protected":false},"author":176692471,"featured_media":7817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,22,27],"tags":[101],"class_list":["post-7815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-research-topic","category-trends-topic","tag-podcast"],"yoast_head":"\nQld growth is discounted - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qld growth is discounted - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  One of the big improvers tipped for this year is Queensland and Shannon Davis gives us his view on the outlook there.\u00a0 He points out that while the Queensland market overall has had a solid year, it is sometimes compared to Sydney and Melbourne,...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-04T15:00:10+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Qld growth is discounted\",\"datePublished\":\"2016-05-04T15:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/\"},\"wordCount\":1052,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Buying a property\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Research\",\"Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/\",\"name\":\"Qld growth is discounted - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-05-04T15:00:10+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/qld-growth-is-discounted\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Qld growth is discounted\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Qld growth is discounted - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/","og_locale":"en_US","og_type":"article","og_title":"Qld growth is discounted - Realty Talk","og_description":"  One of the big improvers tipped for this year is Queensland and Shannon Davis gives us his view on the outlook there.\u00a0 He points out that while the Queensland market overall has had a solid year, it is sometimes compared to Sydney and Melbourne,...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/","og_site_name":"Realty Talk","article_published_time":"2016-05-04T15:00:10+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Qld growth is discounted","datePublished":"2016-05-04T15:00:10+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/"},"wordCount":1052,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Buying a property","Kevin Turner","Kevin's Update","Latest Stories","Research","Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/","name":"Qld growth is discounted - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/#primaryimage"},"thumbnailUrl":"","datePublished":"2016-05-04T15:00:10+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/qld-growth-is-discounted\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Qld growth is discounted"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/7815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=7815"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/7815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=7815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=7815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=7815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}