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Festival fever hits Redcliffe, Caboolture and Strathpine but North Lakes left wondering where their big-ticket item is



Organisers of the Northside Fun Fair have chosen not to hold the event this year, due to a lack of available land. But, it is not the only event missing from the local calendar.

Major festivals previously run by Moreton Bay Regional Council, now taken over by tourism marketing group Moreton Bay Region Industry and Tourism (MBRIT), bypass North Lakes, Mango Hill and Griffin, except for the annual Christmas carols event.

Redcliffe Festival starts later this month — over three weekends — including Kitefest, Scarborough Sounds. Jetty Fiesta and Redcliffe Remembers.

Also under the new partnership between the council and MBRIT, a new concert series, Park Sounds, has been announced for Strathpine’s Pine Rivers Park, which will bring hip hop royalty Bliss n Eso and Drapht to the suburbs.

These events are part of the “service level agreement” between the two parties, which will sees $2.2 million a year for three years given to MBRIT to run the events and promote tourism to the region.

In addition to Redcliffe Festival and Park Sounds, MBRIT will also take over the running of Australia Day events; a new Caboolture Town Square event; Caboolture Family Fun Day; The Hills Carnivale; What’s Cooking in the Gardens, Festival of Sails, the Innovation Awards, business networking events and Christmas events. MBRIT will also continue running the Jetty 2 Jetty Fun Run on the Redcliffe Peninsula.

The Northside Fun Fair — a “mini Ekka” — was a smaller event in 2015 and has not returned to North Lakes in 2016.

Locals have asked to share in the action.

Mum-of-two Shannon Buttriss said she would like to see North Lakes, Mango Hill and Griffin share in the major events.

“If we had a big event, it would help our local businesses and bring the community groups, churches and schools together as a community,” she said.

Mrs Buttriss said last year’s Mango Hill Anzac Centenary Festival, organised by the Mango Hill Progress Association, was the perfect example of a free community event, which showcased local bands, dance troupes and allowed for local businesses and community groups to connect with the community.

There is also community Christmas events in Mango Hill and Griffin and smaller events organised by Westfield and Stockland.

A spokeswoman for MBRC said council would continue to host smaller events, including movies in the park at North Lakes — and dive-in movies and a teddy bear’s picnic, both at Deception Bay.

MBRIT chief executive Shane Newcombe said MBRIT would continue to host the North Lakes Christmas Carols and expected “strong attendance” from residents in this area at Redcliffe Festival and Park Sounds in November.

Mr Newcombe said MBRIT was “always looking for new and fresh ways to deliver the best possible festivals and events” and was looking for ways to include this area.

Original article published at by Jamie-Leigh Mason 12/8/16

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Market Place

Cost of Brisbane land lots fall 14pc as blocks shrink across the capital



Cost of Brisbane land lots fall 14pc as blocks shrink across the capital

6 & 8 Nabeel Place, Calamvale, was part of a 1,400sq m site that was split and re-split to see the development land gross profit of $500,000.Source:Supplied

THE cost of residential land in Brisbane fell a massive 14 per cent last year with lots on the Gold Coast now more expensive than the Queensland capital. But the devil’s in the detail.

New data by Oliver Hume found buying a block in Brisbane set buyers back $358,500 at the end of last year – a median price drop of 14 per cent in just 12 months.

Land on the Gold Coast was $25,700 more expensive than Brisbane, according to the latest Oliver Hume Quarterly Market Insights, with the glitter strip pulling off an 8 per cent rise in median lot price to $384,200.

But Oliver Hume senior research analyst Amanda Bittenbinder said Brisbane’s massive median price decrease was not because of a struggling market but the type of blocks that were coming to market.

“The Brisbane market is shifting towards smaller lot sizes, due to land availability and affordability,” she told The Courier-Mail.

“Our data shows that 48 per cent of project land sales in Brisbane over Q4 2017 were between 301-400sq m whereas the Gold Coast recorded 52 per cent of sales over 500sq m.”

She said the Gold Coast had a higher median lot size than Brisbane.

Broken down, the data showed “the rate per sqm in Brisbane was $899/sq m in Q4, whereas the Gold Coast recorded $513/sq m – that’s a difference of $386 per sq m”.

In the December quarter alone, 1,956 lots were sold in South East Queensland, a fall of 5.5 per cent that had more to do with stock availability than demand.

Agent Tom Zhang of Yong Real Estate said demand was outstripping supply in Brisbane.

One of his recent sales included 6 and 8 Nabeel Place, Calamvale, which was part of a larger 1,400sq m block that a developer had bought for $1.1m.

“A developer bought it, they subdivided the rear 800sq m out and further subdivided that into two 400sq m blocks. For 400sq m that was selling for over $400,000 each. Those two blocks at the back sold for $800,000 and he still has the front house that will sell for more than $800,000. So his total income of over $1.6m minus development costs still ends up a fantastic return in a short period of time.”

<a href="" title="">122 Roscommon Road, Boondall</a>, was split in two with each block on the market for over $350,000.

122 Roscommon Road, Boondall, was split in two with each block on the market for over $350,000.Source:Supplied

He said “small to medium developers are so hungry for this type of product”.

“It’s easy to sell the land. The normal homebuyer can’t afford big blocks but a 400sq m block they might be able to. The worry now is the low supply of empty blocks of land in Brisbane and in the southern suburbs like Sunnybank and Calamvale.”

Redland – which includes mainland suburbs like Capalaba and Alexandra Hills as well as island suburbs like North Stradbroke and Coochiemudlo Island – had SEQ’s third highest block cost. Its median land lot was $312,000, a figure that had dropped 3 per cent last year.

Popular Moreton Bay – which covers a large area including Caboolture and Redcliffe – saw a 4 per cent fall to $238,000, while the second cheapest land lots in SEQ came out of Logan where the median was holding steady at $230,475.

The cheapest place to buy land in the region was Ipswich ($199,500), though that’s changing rapidly with the area posting the second highest cost increase last year (4 per cent).

Despite low retail land supply and strengthening demand, the median land lot price in Queensland was fell slightly to $260,500, the Oliver Hume report said – mostly because of shrinking block sizes.

Median Retail Lot Price:

Moreton Bay $238,000 (-4%)

Redland $312,000 (-3%)

Logan $230,475 (0%)

Brisbane $358,500 (-14%)

Ipswich $199,500 (4%)

Gold Coast $384,200 (8%)

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The best brand new developments in south-east Queensland



The best brand new developments in south-east Queensland
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Property sales strong as Mango Hill house listed for $1.1 million



Property sales strong as Mango Hill house listed for $1.1 million

North Lakes is one of the top three outer Brisbane areas where property prices are appealing to more homebuyers, new figures reveal.

It was one of seven suburbs within the greater Brisbane region where more than 400 houses were sold in the past 12 months, according to new figures from CoreLogic.

Caboolture leads the pack with 492 houses sold, with Morayfield close behind with 452 sales.

North Lakes recorded 436 house sales during the period and all seven suburbs had median house ­prices of less than $490,000.

Amanda Pearce from Raine & Horne North Lakes said the area’s attractiveness for families was one of the main reasons people wanted to move here.

“When I’m talking to my clients and asking them why they are looking to move to North Lakes, there is usually more than one reason,” she said.

“They have heard that North Lakes is not just a community but a family and they want their kids to grow up where they can go to school with the same friends.

“More than 60 per cent of the North Lakes population are families with children.”

Ms Pearce said some of her clients were either moving from interstate to get away from city life, or because the suburb had everything they wanted nearby.

She said more than 680 houses, units and lots had been sold since January 1 last year.

“The change in the median house price in 2017 in North Lakes was at plus 3.28 per cent compared to the Moreton Bay region, which was plus 2.73 per cent,” Ms Pearce said.

Raine & Horne’s Adam Ingram said shopping and transport facilities also added to the attractiveness of the North Lakes area.

Matt Goodall from NVRE Agents at Narangba has a house at Mango Hill listed for sale for offers of more than $1.1 million.

He said as far as he knew nothing had previously sold for the magic million-dollar mark at Mango Hill.

“It is the first of its kind at the moment,” he said.

Mr Goodall said the two-storey house was a standout in the street, as it was on a slightly elevated block.

“It has a unique design and certainly won’t suit everyone that comes through,” he said.

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