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Queensland’s most expensive streets

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

SPECTACULAR city views and waterfront locations have topped the list of must-haves in Queensland’s most expensive streets.

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Aaron Ave, Hawthorne, was rated number one, based on a median average value of more than $3.999 million.

Second was Austral St, St Lucia with an average of $3.767 million, followed by Minyama Island, Minyama at $3.706 million.

Rounding out the top five were Witta Circle, Noosa Heads, at $3.695 million and Dickson Tce, Hamilton, averaging $3.569 million.

The figures, supplied by RP Data for August, were based on the median house values in a street. An automated model was used to determine values, independent of how many sales had occurred.

Homes along Aaron Ave have Brisbane River frontage with views to the CBD.

Of the 12 houses in the street, most are on large blocks. A number of properties are more than 1000sq m and one is on a total of 3457sq m over five titles.

The most recent sale was a two-storey, four-bedroom, three-bathroom home with a jetty and pontoon.

RP Data records show the home, situated on two blocks with a land total of 1051sq m, settled in March. The price tag was $4.3 million.

The neighbouring home, a three-bedroom, two-bathroom Queenslander set on 1705sq m, sold for $6.03 million late last year.

Austral St grabbed its high ranking due to a luxury unit block built in 2010.

St Lucia real estate agent Karen Mortland, who has worked the suburb for 16 years, said the street was mostly populated with 30-year-old unit blocks and a few “nice townhouses” before the six-storey St Lucia Quays was built.

“Prior to that Austral St was pretty much an average waterfront location,” she said. “These units have pushed it to another level.”

Belle Property agent Rashmi Mangar, who has 20 years experience including 13 working in the western suburbs, agreed.

Ms Mangar is currently marketing the last unit available in the Quays, a three-bedroom plus study, ground-floor residence with its own inground pool.

It is on the market for $4 million-plus. The other units have all sold for between $3.5 million and $4.35 million.

The Sunshine Coast’s Minyama Island is a tightly held pocket of just 23 homes.

Experienced agent Mark Unkel of Elite Lifestyle Properties sold 7 Minyama Island earlier this year for $6.75 million.

While there are three properties now for sale on the island, Mr Unkel said this was unusual with most of the residents still the original owners from when the site was developed in the early 1990s.

The prime waterfront homes have access to safe, deep water moorings suitable for large luxury cruisers. They are also just an hour from Brisbane airport, a key for business people who regularly travel overseas.

At Witta Circle, a four-bedroom luxury home with Noosa River frontage is on the market for $4 million plus.

Richardson and Wrench agent Jennifer Carr said the price sat comfortably with a recent $4.67 million sale in the street.

Ms Carr said the Circle was within walking distance of Hastings St. The site was developed in 1978.

“Back then you could buy a block of land for $16,000,” she said.

Buyers looking for a spot in Dickson Tce can choose between the five-bedroom, five-bathroom Loa Langta residence or a 917sq m vacant block of land, now for sale.

Both have spectacular city and river views.

Havig and Jackson marketing agent Gail Havig said Loa Langta – a four-level, 1991 reproduction of an 1860s Victorian mansion – took almost two years to build.

Features include soaring ceilings, ornate cornices, hand-carved cedar mantels, hand-painted tiles and Brazilian mahogany joinery.

There are 67 solid cedar four-panel doors throughout. The fireplaces date to 1860 and were taken from Sydney House which was demolished for the Darling Harbour project.

The 100-year-old cast iron veranda railings were salvaged from St Mary’s Convent at South Brisbane, demolished in the 1970s.

Loa Langta is being marketed through an expressions of interest campaign which has already received four offers.

The vacant land in Dickson St, priced at $3 million-plus, is in a corner position with three-street frontage and the possibility of being split into two blocks.

Mrs Havig, who has worked in Hamilton for 36 years, said she had sold most of the homes in Dickson St at least once during her career.

“It is one of the most expensive streets because it offers spectacular city and river views as well as its elevation overlooking the river,” she said.

“There have been some very large and expensive homes built in that area.”

TOP 10 QLD STREETS (average median value)

1. Aaron Ave, Hawthorne. $3.999m

2. Austral St, St Lucia. $3.767m

3. Minyama Island, Minyama. $3.706m

4. Witta Circle, Noosa Heads. $3.695m

5. Dickson Tce, Hamilton. $3.569m

6. Kootingal St, Ashmore. $3.345m

7. Wendell St, Norman Park. $3.314m

8. Mossman Court, Noosa Heads. $3.036m

9. Scott St, Kangaroo Point. $2.914m

10. Wesley Court, Noosa Heads. $2.906m

 

Original article published at www.news.com.au by Paula Shearer, Home Editor, The Sunday Mail (Qld)14/9/2013

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Revealed: These are the hottest suburbs in Brisbane for 2019

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Revealed These are the hottest suburbs in Brisbane for 2019
Revealed These are the hottest suburbs in Brisbane for 2019

THE hottest suburbs in Brisbane have been revealed amid signs of “uplift” for the city’s housing market, according to a leading national property analyst.

THE hottest suburbs in Brisbane have been revealed amid signs of “uplift” for the city’s housing market, according to a leading national property analyst.

THE hottest growth suburbs in Brisbane have been revealed amid signs of “uplift” for the city’s housing market, according to a leading national property analyst.

Terry Ryder of Hotspotting has released his latest Price Predictor Index, which tracks rising sales in suburbs across the country and identifies the places likely to deliver strong price growth in the near future.

The index found 33 suburbs in Brisbane were “rising steadily”, with the strongest market being the affordable Moreton Bay region.

Revealed These are the hottest suburbs in Brisbane

“The Brisbane market is showing signs of uplift, with more growth suburbs emerging in the latest survey,” Mr Ryder said.

In fact, Moreton Bay is the second strongest growth market in the country — eclipsed only by Port Adelaide — with 10 suburbs classified as “rising steadily”.

These include Clontarf and Woody Point, which have seen increases in sales activity.

Mr Ryder said the suburbs’ drawcards included affordable prices, new rail links, a soon to completed new university campus and a bayside lifestyle.

Revealed These are the hottest suburbs in Brisbane 2019

The second highest ranked market after Moreton Bay is Brisbane south, which has eight rising markets — many surprise contenders as they have beaten bluechips to take out the top spots where prices are expected to outperform.

Those suburbs are Mt Gravatt East, Corinda, Forest Lake, Mansfield, Oxley, Parkinson and Sunnybank Hills.

Most of these fit into Brisbane’s “middle market”, with median house prices in the range from $650,000 to $800,000.

Revealed These are the hottest suburbs

The number of growth suburbs in Brisbane’s north have risen from four to seven in the latest survey, with rising demand occurring in Alderley, Bald Hills, Brighton, Geebung, Gordon Park, Newmarket and Stafford Heights.

Across the state, Clinton in the Gladstone region is the top growth suburb in Queensland, while Emerald in central Queensland, Kearneys Spring in Toowoomba, Little Mountain on the Sunshine Coast and Torquay in Hervey Bay also make the list.

Brisbane’s south, Mackay and Moreton Bay are among the national top 10 regions with the highest number of growth suburbs.

Revealed These are the hottest suburbs in Brisbane for the year 2019

But when it comes to consistent sales growth, one Queensland suburb has taken out the top spot in the country — Mountain Creek on the Sunshine Coast.

The suburb, with a median home price of $635,000, has sold between 90 and 110 homes in each quarter over the past four years.

Its median house price has increased 10.5 per cent in just the past 12 months.

“Most property buyers are seeking growth and in the search for rising prices there’s a tendency to undervalue the consistent markets,” Mr Ryder said.

“These places represent safety for buyers because markets like this are likely to maintain

steady price levels — but these markets also deliver good growth.”

Revealed These are the hottest suburbs in Brisbane in the year 2019

BRISBANE’S HOTTEST GROWTH SUBURBS FOR 2019:

Alderley

Alexandra Hills

Bald Hills

Banksia Beach

Beachmere

Bray Park

Brighton

Burpengary

Carina

Clontarf

Corinda

Eagleby

Forest Lake

Geebung

Gordon Park

Heritage Park

Joyner

Kenmore

Loganholme

Mansfield

Mt Gravatt East

Newmarket

Oxley

Parkinson

Redcliffe

Rothwell

Salisbury

Stafford Heights

Strathpine

Sunnybank Hills

Woody Point

Wynnum West

(Source: The Price Predictor Index)

Originally published as Brisbane’s hottest suburbs revealed

Source: brisbaneinvestor.com.au

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Queensland Attracts UK Property Seekers

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Queensland Attracts UK Property Seekers

Research by realestate.com.au showed that searches for property in Queensland climbed by nearly a third in December compared to the same period in the previous year. This was driven largely by British people who are flocking to one of the most populous states in the country, according to a report by news.com.au.

The study found that property searches originating from the UK increased 31%, with the Sunshine Coast suburbs of Noosa Heads, Buderim and Mooloolaba as popular picks among potential buyers.

New Farm, Redcliffe and North Lakes, meanwhile, topped the list of the most in-demand suburbs in Brisbane.

Nerida Conisbee, Realestate.com.au chief economist, said Queensland, specifically its beachside properties, held the top spot in terms of total search activity among UK property seekers.

“The Hemsworth impact seems to be impacting the view of Byron Bay with this the most searched by UK property seekers in December 2018 — the number tripling from December 2017,” she said.

Universal Buyers Agents Director Darren Piper said that the chaos surrounding Brexit in Britain was enticing overseas buyers to explore the Australian property market.

“House prices in London have fallen for the fifth quarter in a row. It’s natural for investors to look for safe havens in times of uncertainty,” he said.

Australia’s property market has consistently grown over the past decade, with homes in Sydney, Brisbane and Melbourne reaching record prices.

“It’s the perfect time for people to get their foot in the door and it’s a great time as a homeowner to explore your options, maybe make a move or stay the course,” said Piper.

 

Source: brisbaneinvestor.com.au

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Labor Unveils $6.6bn Affordable Housing Plan to Build 250,000 New Homes

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Labor Unveils $6.6bn Affordable Housing Plan

Labor has announced a ten-year plan to build 250,000 new homes across Australia, including 20,000 during its first term in government if it wins the election.

The $6.6 billion investment would see 250,000 new homes for low income and working families, key workers such as nurses, police, carers and teachers and women over 55, the fastest emerging group of Australians at risk of homelessness.

Subsidies of $8,500 per year would be offered to investors building new homes in return for cheaper rent for eligible tenants.

Opposition leader Bill Shorten unveiled the multibillion-dollar plan in his address yesterday at Labor’s three-day national conference in Adelaide.

“Building more affordable housing is infrastructure policy. It is cities policy. It is jobs and productivity policy,” he said.

The plan would see a family paying the national rental average save up to $92 each week.

“When you provide an affordable home for hard-working people, you give them the level playing-field and fair start they need,” he said.

Shorten said Labor would work with the states and territories, local councils, and community housing providers to make sure the rollout of homes were built “where they’re needed most” and would “go to the people who need them most”.

“Not foreign investors, nor international students.”

Affordable Housing Plan

The new homes would be accessible for all ages and for people with a disability, with Shorten describing the new homes as “more energy efficient, meaning lower power bills”, also offering a rental discount of 20 per cent.

Describing Labor as a “party of home ownership, and a party of affordable housing and community housing”, Shorten used the speech as an opportunity to call on industry super to “step up” and invest in affordable housing projects.

And of course, the opposition leader touched upon the hotly debated campaign election issue: negative gearing.

“This is a boost for renters and for the liveability of our growing suburbs… Alongside our plans to make negative gearing fairer, it will drive a boom in construction jobs and apprenticeships,” Shorten said.

A recent report published by the Australian Housing and Urban Research Institute (AHURI) found Australia needed to triple its social housing by 2036, faced with a shortfall of 433,000 social housing dwellings.

Labor Unveils $6.6bn Affordable Housing Plan to Build 250,000 New Homes

Property industry bodies welcome Labor’s announcement

Property Council chief executive Ken Morrison welcomed the incentives, but said they are “no substitute” for the supply of housing which is funded by 2.1 million property investors, “including those who access negative gearing”.

Housing affordability remains a critical issue for many Australians, an issue Morrison says is often overshadowed in the media by Melbourne and Sydney’s cooling markets.

“It makes sense to harness the investment capacity of the private sector to deliver affordable housing,” Morrison said.

“Labor’s incentives for investors to deliver affordable housing will make a contribution to meeting that need while also providing a boost to our construction industry, a key driver of economic activity.”

Planning schemes, land supply, and property taxes, which make up around 25 per cent of the cost of a new house are all part of the housing affordability mix, Morrison added, “there is no single ‘silver bullet’ solution”.

Urban Taskforce chief executive Chris Johnson said many different approaches are needed to tackle the hugely complex housing affordability issue.

“State and territory governments still have a responsibility to ensure that enough appropriately-zoned land is available in inner-ring suburbs to ensure sufficient housing supply,” Johnson said.

“Infrastructure levies must be kept under control to ensure that these do not add to the cost of housing production.”

 

Source: brisbaneinvestor.com.au

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