Market Place

Girl power driving property market: report finds more women than men buying homes

Published

3 weeks ago

February 3, 2018

Girl power driving property market report finds more women than men buying homes

Kate Harder has just bought her first property at 19 and is one of the women who are leading the way when it comes to buying, selling and investing in property. Picture: Adam HeadSource:News Limited

WOMEN are winning the battle of the sexes in the property sphere as financial challenges like the gender pay gap and taking time off wo03rk to have kids push them to find alternative income streams.

This is the finding of Westpac’s latest Home Ownership Report, which reveals Aussie women are now significantly more likely than men to be planning some sort of real estate action in the next five years.

This included buying a home (28 per cent of women versus 20 per cent of men), buying an investment (16 per cent, 13 per cent), selling a property (17 per cent, 14 per cent) and renovating (29 per cent, 27 per cent), according to the survey of more than 1000 Australians.

First home buyers of the fairer sex were twice as likely to consider buying an investment property in the short-term.

Westpac has released its latest Home Ownership Report. Image: AAP/Lukas Coch.Source:AAP

Women’s attitudes towards home ownership have also seen a major shift in the past year, with

43 per cent of female first home buyers strongly believing that ‘owning your own

home is a reflection of your success in life’, compared with 22 per cent of men.

Westpac head of women’s markets Felicity Duffy said the survey findings foreshadowed a spike in home loan applications from women over the next five years.

She said women faced “unique financial challenges”, including income inequality and having to take time out of their jobs to have children or care for elderly parents, which impacted their short- and long-term security.

“They’re taking matters into their own hands and increasingly investing in property as a potential way to secure their financial futures,” Ms Duffy said.

Women are taking the lead when it comes to property, a new report reveals. Image: AAP/Glenn Hunt.Source:AAP

While traditionally buying a home was something a woman did with her partner, more were entering the market on their own as they became financially independent and got married later in life, she said.

Kate Harder is not your average 19-year-old.

Instead of travelling the world and hitting the pubs and clubs like her peers, the ‘budding property tycoon’ is building her empire.

“I’ve always dreamt of building and owning my own home and plan to build more down the track,” she said.

“My Dad is a builder and I’ve grown up with that mindset.”

Ms Harder is purchasing her first block of land and building a custom designed three bedroom and two bathroom home at Monterea Ripley, a residential village that will feature 900 new homes on about 60ha in Ripley Valley, near Ipswich.

Ripley Town Centre is expected to create 20,000 new jobs for Ripley Valley.Source:Supplied

Monterea Ripley director Jamie Martin and developer Gerry McHale.Source:Supplied

Advantage Property Consulting director Frank Valentic said women in couples also often took the reins in the hunt for family homes.

“‘I’ll have to talk to the boss’ is a common phrase used by a husband discussing investment options if his wife isn’t present,” he said.

“Women are much more focused on leaving a legacy for their children given the challenges of getting kids into the market, particularly in Sydney and Melbourne.”

THE PROPERTY BATTLE OF THE SEXES

Considering a housing action in the next five years (71% women vs. 61% men) including:

—Buying a home: 28% vs. 20%

—Renovating: 29% vs. 27%

—Buying an investment property: 16% vs. 13%

—Selling a home: 17% vs. 14%

Among first-home buyers:

—Considering buying an investment property in the next five years: 22% women vs. 11% men

—Strongly believe owning their own home is a reflection of their success in life: 43% vs. 22%, up from 34% vs. 29% in 2016

—Strongly believe owning a property is a pathway to wealth: 31% vs. 20%

(Source: Westpac Home Ownership Report 2017, based on a survey of 1000 Australians)

Originally published: ipswichinvestor.com.au

Market Place

The best brand new developments in south-east Queensland

Published

1 week ago

February 19, 2018

InvestMoreton

Koko, Broadbeach

Read Koko. Hear Coco Bay. But it’s at Koko that you really will head south of Brisbane to where the palm trees sway.

Koko is situated between the beautiful expanse of coastline at the Gold Coast’s stunning Broadbeach and the retail and dining precinct that has some of the coast’s hottest dining and entertainment spots.

New development Koko Broadbeach, on the Gold Coast.

New development Koko Broadbeach, on the Gold Coast.

Geordie Edwards, the development manager for Koko, says that Koko ticks many boxes, including location, amenity, lifestyle, design and finishes.

“The Gold Coast’s premiere shopping, entertainment and dining precincts are conveniently located at your doorstep while Pacific Fair, The Star Casino and patrolled surfing beaches are all a short stroll away,” he said.

“Our focus on creating functional and liveable apartments to enhance lifestyle was undeniably a driving ethos at Koko, as it is with all of our projects.”

When you choose to call Koko home, you’ll have access to a residents’ lounge, yoga lawn, gymnasium and a pool with ocean views on level five, which means Koko residents enjoy resort-style living from the comfort of their own home.

Koko has been meticulously designed to ensure that all apartments are north facing, maximising natural light and taking advantage of desirable views.

Residences start at level six ensuring all occupants benefit from elevated views and have optimal privacy from street level.

For more information visit the display suite at 14 Elizabeth Avenue, Broadbeach, phone 1800 571 967 or go to morrispropertygroup.com.au/projects/koko.

Affinity Place, Birtinya, Sunshine Coast

A few minutes walk to the pretty surrounds of Lake Kawana and with easy access to the Bruce Highway, Affinity Place is shaping up to be one of the most affordable residential developments in the burgeoning oceanside community on Queensland’s Sunshine Coast.

Affinity Place is also central to state-of-the-art medical facilities in what is recognised as the health hub for southeast Queensland because of its proximity to the Sunshine Coast health precinct (think brand spanking new Sunshine Coast University Hospital and the Sunshine Coast Health Institute).

New development Affinity Place, Birtinya, on the Sunshine Coast.

New development Affinity Place, Birtinya, on the Sunshine Coast.

The complex boasts just 30 two- and three-bedroom apartments, making it the smallest boutique apartment complex under development in the beachside suburb, with construction pegged for completion in August or September this year.

Amenities include private entry courts, a northerly aspect for views, a full-amenities lift and a shared barbecue area to kick back and relax with visitors.

There is also dedicated parking for two vehicles for each apartment for 27 of 30 of the residences.

The project is at 5 Affinity Place, Birtinya, Sunshine Coast.

For more information contact sales agent Ronda Perkins on 0437 781 861 or visit affinity place.com.au.

Dakabin Crossing, Brisbane

The residential and commercial developments in and around North Lakes have become one of Queensland’s urban success stories of recent years.

Home to around 17,000 people with more growth to come, North Lakes is not only a dormitory catchment for the Brisbane CBD, 25 kilometres to the south, but a satellite city in its own right.

Served by a major Westfield shopping hub as well as retail giants Costco and IKEA, it boasts its own business park, schools, parks, a cinema, and community facilities including a day hospital.

Masterplanned townhouse development Dakabin Crossing, Dakabin.

The masterplanned townhouse development Dakabin Crossing, Dakabin.

While much of the property purchase focus has been on North Lakes, savvy buyers and investors are now turning their attention to one of Brisbane’s best kept property secrets just a short drive away.

The suburb of Dakabin offers a quiet residential lifestyle within a five minute drive of North Lakes via a recently constructed road bridge crossing the busy M1 north-south arterial.

The new Dakabin Crossing master plan townhouse development is just 450 metres from the railway station, 20 minutes from the airport by car and 30 minutes from the CBD.

On completion, the secured gated estate will comprise 135 two-, three- and four-bedroom townhouses all with contemporary open plan designs, luxury finishes and high speed NBN.

The masterplan includes an on-site retail precinct with a bakery, coffee shop and convenience store. Recreation facilities include a pool, covered barbecue dining and picnic area, a park and walking trails.

The development has proved so successful that Stage 1 sold out, followed by a 97 per cent sale of Stage 2A.

Stage 2B is now selling with three-bedroom townhouses available from $380,000.

For investors there will be a 5 per cent rental return guarantee for the first 12 months.

Dakabin Crossing is at 140-150 Alma Road, Dakabin, Queensland.

For more information phone 0499 799 507, contact Linzen Real Estate on 1300 766 261 or visit dakabincrossing.com.au.

Originally Published: www.domain.com.au

Market Place

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

Published

3 weeks ago

February 9, 2018

InvestMoreton

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.

Originally Published: couriermail.com.au

Market Place

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

Published

3 weeks ago

February 8, 2018

InvestMoreton