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Moreton Investor, Property Management, Investment properties, Real estate Moreton, Mortgage Broker Moreton, Moreton property market, Moreton property prices, rental properties

The property market is looking the best in five years, as properties are being bought in a matter of days.

Moreton Investor, Property Management, Investment properties, Real estate Moreton, Mortgage Broker Moreton, Moreton property market, Moreton property prices, rental properties

New figures have revealed a buying frenzy in Stafford Heights, the north Brisbane suburb topping the list for where more buyers are looking per sales listing than any other area in the state.

The top 10 – also including Holland Park and Spring Hill – have been ­singled out by website ­realestate.com.au, with Ray White Queensland chief executive Peter Camphin saying properties in a 5km radius of the City had become particularly popular in the recovering market.

“The days on the market are shortening and a lot of buyers are now realising now is the time to buy,” he said.

“The gap for what properties are listed for and sold for is narrowing – it’s moving into a seller’s market.”

Other hot suburbs in the top 10 include Wilston, Newmarket, Red Hill and Camp Hill.

Real Estate Institute of Queensland managing director Anton Kardash said demand was now surpassing supply due to low interest rates and high buyer’s confidence – commanding the best start in five years.

“We’re coming off a very low base but this movement is very positive,” he said.

CommSec economist Savanth Sebastian said consumer confidence was sitting in a relatively positive setting, feeding into retail then further into real estate market growth.

“People have been seeing a build-up of the wealth in their home and households feel a little bit more equity there and willing to go out and spend a little more,” he said.

Properties in the Grange, Mount Gravatt and Graceville round out the top 10 list, but other suburbs such as the Sunshine Coast’s Golden Beach as well as North Lakes and Indooroopilly have grown in popularity.

Southport on the Gold Coast is another rising star, thanks to recent infrastructure projects and a revitalisation of the suburb, which is billed as the Coast’s business heart.

The suburb has made the top 20 best-selling suburbs ­nationally, reaching No. 2 in Queensland for its unit sales behind Surfers Paradise, ­according to RP Data figures.

Burton & Ryan Property Agents partner Ryan Hoelzl said it was Stafford Heights’ ­affordability and proximity to shops and infrastructure like the AirportLink that made it so popular.

“The market is just crazy, it’s unbelievable,” he said, adding the Stafford Heights market had experienced its best start in at least seven years.

The median sale price in Stafford Heights is $462,500 and the latest RP Data figures show houses spent on average 51 days on market, well below the overall Brisbane average of 83.

Ray White Property and marketing specialist for Holland Park Dianne Deem said a home at 22 Contay St sold for almost $770,000 within three days.

“We can’t keep the stock levels up – they go on the market and they’re gone within the week,” she said.

Top 10 seller’s markets:

1. Stafford Heights

2. Holland Park

3. Spring Hill

4. Wilston

5. Newmarket

6. Red Hill

7. Camp Hill

8. Grange

9. Mount Gravatt

10. Graceville

A four-bedroom Indooroopilly home, which sits on 1255sq m within the coveted Golden Triangle, was put on the market on January 10 and sold within 24 hours.

With a lounge complete with a fireplace, separate formal dining area and a huge solar-heated saltwater pool, 152 Harts Rd sold for the asking price.

Property co-owner Ray De Jonk said he was extremely happy with the deal, with the home selling for $1.56 million to fit in to the expected asking price of between $1.55 million and $1.65 million.

“The remarkable thing about the sale of this property was the speed – admittedly it is a fantastic area – but I was quite amazed,” he said.

“There is a demand, I think, and a good-quality property is always going to go well … but timing is everything when you’re selling.”

McGrath Estate Agents Paddington sales agent Alex Jordan sold the property with an idea it would sell quickly.

“The buyer is in the sandstone business and plans on doing a major renovation, something which I’m sure will be very impressive,” he said.

“This is the best market I have seen for more than 10 years, with strong buyer demand for prestige property priced between $1 million and $3 million.

“Low interest rates and demand from offshore and interstate buyers is fuelling the price growth in the Brisbane real estate market.”

 

Original article published at www.news.com.au by Brittany Vonow & Teela Jurgensen, The Courier Mail 8/2/14

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

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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

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

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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

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