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Brisbane’s luxury and penthouse apartment market is on the cusp of taking off

first_imgThe newly reconfigured Macquarie St, St Lucia buildingWhile penthouse sales were on the up, Mr Caulfield said it might be some time before Brisbane’s record Newstead sale of $14.25 million was broken. “I don’t know if a developer will go and build something of that size again,” he said.There have been some substantial sales though, including the $8 million sale last year of a Brisbane inner-city penthouse to former prime minister Kevin Rudd and wife Therese Rein.Mr Caulfield has launched a penthouse development at 100 Macquarie St, St Lucia, in which an existing building has been reconfigured to one-per-floor penthouses. 450/1 Newstead Terrace, Newstead will be auctioned on March 15.“The momentum has started. The penthouse market, where it is a house alternative, where a penthouse is the size of a house but everything else is taken care of, is really starting to be more attractive to a lot of people.’’Mr Greensill said it now competed with the big house market. But not all penthouses were equal. Prices varied depending on amenity, while desirability was also determined by the building size.In the case of penthouses, bigger buildings were not necessarily better.“A penthouse on level 85 is not as desirable as one on level 5,’’ Mr Greensill said.Buyers wanted exclusivity and a smaller number of residents.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours ago One of the living areas in 450/1 Newstead Terrace, NewsteadHe is marketing a couple of significant Brisbane penthouses at the moment including 450/1 Newstead Terrace, Newstead, which he is marketing in conjunction with Matt Lancashire of Ray White, New Farm.The four-bedroom penthouse, which will be auctioned on March 15, is in the waterfront Pier building. It has views across the river spanning from Hamilton Hill across Bulimba and Hawthorne. There is an internal lift which goes direct to the apartment, a separate butler’s pantry with fully climate-controlled wine cellar and multiple living areas with a remote controlled fireplace.Simon Caulfield, of Place New Farm, said penthouse sales in Brisbane had lifted in the past couple of years. Inside the newly reconfigured penthouse at 13-100 Macquarie St, St Lucia“If you look at the physical number of penthouses last year that my team sold, we transacted 11. I think in the four years before that we would have been lucky to do 11 in those four years.“That tells me two things. One, there is more availability of penthouses in the market and, secondly as well, people are now realising that being within a housing environment in the CBD is great. A lot of people are valuing that prestigious location, closer to the river, better views and low maintenance that you don’t get typically in a house.’’ The penthouse at450/1 Newstead Terrace, Newstead goes to auction on March 15BRISBANE’S luxury and penthouse apartment market is on the cusp of taking off.With penthouses now achieving between $14,000/sq m and $16,000/sq m, LJ Hooker New Farm principal Brett Greensill said momentum had started to build at the high end. An “ordinary apartment’’ sold for between $10,000/sq m and $14,000/sq m.Mr Greensill said while the market often talked about an oversupply of units, that was usually investor stock, not the owner-occupier side of the market.“The next wave (of demand and development) is on more luxurious up-market apartments,’’ he said.last_img read more

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Renovation of southeast Queensland home sure to impress

first_img14 Chesterfield St, Wavell Heights.Lachlan and Rika Nally are moving to Perth and have made the decision to sell their Wavell Heights home.They have lived at 14 Chesterfield St since July last year.Mr Nally said he loved the location and the Queenslander-style home.“It just has a lot of character,” he said. 14 Chesterfield St, Wavell Heights.Mr Nally said they had done a lot of renovations to the property including gutting the internal walls.“We added walls, re-did the bathrooms, polished the external decking, polished the internal floor board, and added a second toilet.“We did quite a lot of work to this home,” he said.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019 14 Chesterfield St, Wavell Heights.Mr Nally said he hoped another young couple would buy their property. The lowset home is on a 653 sq m block and a stone’s throw away from local schools, and a 10-minute drive to Chermside’s Westfield Shopping Centre.The property, which is also close to the city, is around the corner from public transport.It is also near sporting facilities, and local parks including Kedron Brook.center_img 14 Chesterfield St, Wavell Heights.Mr Nally said his favourite part of the home was the backyard, which also has built-in vegetable gardens.“I love mowing and I love the outdoors,” he said.The property is fully fenced and has a water tanks.Internally there’s Crimsafe security screens in dedicated rooms.French doors lead out to the undercover decked alfresco area, and timber ceiling fans feature throughout.Harcourts Pinnacle – Aspley selling agent Scott Bertie said the property was “impeccably renovated”.last_img read more

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Views and charm bring in top price at auction

first_imgThe home at 65 Dalrymple St, Wilston sold at auction.COMMANDING city views, a renovated Queenslander with room for improvement and a prestige postcode.That’s what $1.55 million will get you for a four-bedroom, three-bathroom house in Wilston.This two-level house on 607sq m at 65 Dalrymple St recently sold four days after auction.Ray White Wilston principal Alistair Macmillan said bidding stalled at $1.51 million at the auction, but the buyers managed to achieve $1.55 million during negotiations afterwards.Mr Macmillan said the house was in one of Wilston’s finest streets.It also offered exceptional views of the city skyline right around to Mt Coot-tha and beyond.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019He said the home was in great condition, but there was also room for further renovation, which appealed to buyers.“It’s been updated but is also a little bit dated, so most buyers were looking to do some work to it,” he said.Mr Macmillan said the move by the big four banks to increase interest rates for owner-occupiers and investors in March had impacted upon the market. “The interest rate rise means buyers are doing a bit more due diligence prior to committing,” he said. Wilston is a high-demand market given its location.It is just 4km from Brisbane’s CBD and is close to Wilston Village, schools and infrastructure.The median house price in the suburb is $1.1 million, according to Corelogic.last_img read more

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Striking streetscape attracts the perfect buyer

first_img70 Ontario Cr Parkinson stands out from its neighboursWHEN builders construct their own homes, you know they won’t skimp on quality fixtures and finishes.So it is with 70 Ontario Cr, Parkinson, which sold on April 20 for $725,888.Sales agent at LJ Hooker Sunnybank Hills, Kosma Comino, said the 20-year-old, five-bedroom, Cape Cod-inspired masterpiece had the right pedigree. “The builder who built all the homes in Parkinson actually built the home for himself,” he said.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“He styled it how he wanted and liked. He spent a lot of money on that build — back then it would have cost huge money to build something like that.” Mr Comino said the very precise sale price resulted from tough negotiations with the Chinese buyer.“We got down to the hundred-dollar mark and obviously we pushed them up to get that little extra — triple eight is good luck for the Chinese,” he said.Mr Comino said large homes with multiple rooms are performing well in Parkinson.“There aren’t many big two-storeys on the market that can cater for bigger families — especially the younger Chinese (buyers) who can’t afford Sunnybank, Macgregor and Robinson — so they’re venturing out to Calamvale and Parkinson,’’ he said. “I’ve got buyers calling saying, ‘Have you got anything?’ so if I had another right now I would have 10 registered bidders and would absolutely smash the reserve even if the expectation of the sellers is quite high.”last_img read more

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Character meets modern design in West End

first_imgThe home at 96 Ryan St, West EndThis beautifully renovated Queenslander blends old world charm with modern conveniences. The property at 96 Ryan St, West End is in a sought after street just 100 metres from the ferry.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020The home has built-in robes to three of the four bedrooms and an open-plan living, dining and kitchen area that open to the north-facing back deck. The kitchen has Caesarstone benches, Bosch appliances and self-close drawers. Downstairs is fully concreted and lifted well above legal height. Outside there is an inground, solar heated, saltwater pool. The property has character features including VJ walls and ceilings and timber floors as well as ceiling fans, window shutters, retractable fly screens and adjustable external louvres. The home is being marketed by Johnson Real Estate for offers over $1.295 million.last_img read more

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It pays to appreciate the fine art of recognising and keeping a genuine buyer

first_imgNew house sold iStock photo for Sold on Cairns publication.THE Townsville property market is going through a bit of flux and it can be hard to predict where the next buyer is going to come from and how much they will offer.If you’re selling your property you must be prepared to be decisive and move quickly when an offer is presented because even if it’s not your dream offer, it could be the best you’ll get.Recently we were charged with selling a beautiful Townsville property in a city fringe suburb. We received an offer from a buyer keen to buy quickly due to their circumstances. The offer, however, was below the vendor’s asking price and the buyer went on their way. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Keyes & Co principal Damien Keyes says the Townsville property market will improve.A few days later, the vendor changed their mind and asked us to find out if the buyer was still interested. Unfortunately, the buyer had put in an offer on another property which was accepted immediately by the sellers.This highlights the challenge of putting a price on a property when a market is shifting.Estate agents deal with buyers and sellers every day, but it’s virtually impossible to spot a trend as it’s happening. It only becomes clear as you review the data and can see the patterns.What good agents are exceptional at is knowing buyers who are actively looking in a particular price point and spotting genuine interest when we see it. This buyer was genuinely interested. The vendor didn’t initially trust the offer was a good offer, and they were understandably hoping another, higher offer would come in. It didn’t.Fortunately, in this instance the buyer was able to extricate themselves from the other offer and come to the table with a solid offer for our seller’s property. But that’s a rarity.This situation also highlights how important it is to choose a real estate agent you can trust to sell your home. Ask yourself how you would feel if they were delivering less-than-ideal news about your property – do you trust them? The REIQ advises vendors to meet with at least three agents before you appoint one to sell your home. Find one who you can trust to do their best and almost everything else will work out for the best.last_img read more

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For $2.5m you get a piece of the peninsula, a beautiful house AND 2 private beaches

first_imgThis home at 23 Welwyn Crescent, Coorparoo, has sold for $2.36 million.The five-bedroom, three-bathroom house on 812 sqm at 23 Welwyn Crescent, Coorparoo sold for $2.36 million through Place Bulimba.And in Milton, in Brisbane’s inner west, a six-bedroom character home on a huge elevated block sold for $2.17 million. The view from one of the balconies at 11 Tanby Point Close, Emu Park. Picture: realestate.com.au.The seaside address at 11 Tanby Point Close is on the peninsula at Tanby Point near the towns of Emu Park and Yeppoon, and 48kms from Rockhampton.It includes two beaches with private access and boundaries extending to high tide water mark on one side, and to a boat shed and ramp with beach access on the other. The living areas at 11 Tanby Point Close, Emu Park. Picture: realestate.com.au.The home itself was commissioned by a local family and purpose built to their specific needs.Every room offers panoramic views to the Keppel islands, north, south and over the adjacent beaches. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE The property was sold through Penny Keating of Pat O’Driscoll Real Estate Rockhampton and was the top sale in Queensland in the past week according to property research firm, CoreLogic.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoThe stunning deck at 11 Tanby Point Close, Emu Park. Picture: realestate.com.au.It beat the second biggest sale of the week, which was a classic Queenslander with a tennis court on a separate title.The house on 1022 sqm at 111 Alexandra Rd, Ascot sold under the hammer for $2.4 million. This property at 11 Tanby Point Close, Emu Park, has sold for $2.5 million. Picture: realestate.com.au.A REGIONAL coastal town has beat the affluent Brisbane suburb of Ascot to take out this week’s top sale in Queensland.A three-bedroom, three-bathroom property with killer views on more than 10,000 sqm of absolute beachfront land on the Capricorn Coast has sold for $2.5 million. This home at 28 Nairn St, Milton, has sold for $2.17 million. This home at 111 Alexandra Rd, Ascot, has sold for $2.4 million.The five-bedroom, three-bathroom home was marketed by Ray White Ascot.Another Queenslander also fetched a high price at auction. Full moon woos property romantics Brisbane units to rebound mid-2018 Designer’s labour of love on market Inside 23 Welwyn Crescent, Coorparoo.The property known as ‘Kildare’ at 28 Nairn Street was built in 1910 and enjoys views of Suncorp Stadium and the city skyline.It has undergone a complete renovation and sits on an 834 sqm block.The property was sold by Tim Douglas of Place West.last_img read more

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Brisbane’s biggest bargain buy sold for less than it fetched a decade ago

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoIt’s in such neat condition the new owner can move right in if they wish. 32 Sunset Place, Carindale Qld 4152A FIVE bedroom home within 15km of the CBD has sold for less than it did a decade ago in what must be one of Brisbane’s biggest bargains of the weekend.The house at 32 Sunset Place was on a large 809sq m block in Carindale and had been forced under the hammer as part of bankruptcy proceedings. Veranda access of another bedroom.The three bathroom, double remote garage property had been built as a display home in 2000.It has a formal lounge and separate dining room as well as a family and meals room.The home features a covered entertaining area, an inground swimming pool, high ceilings, ducted and split system air conditioning, built-in wardrobes and a large laundry. FOLLOW SOPHIE FOSTER ON FACEBOOK FREE: GET THE COURIER-MAIL’S REALESTATE NEWS DIRECT TO INBOX The house has a formal lounge and dining room.The owners had bought the property in October 2007 for $1.03m, according to CoreLogic data, and ten years later have had to see it sell for less than they paid — with it going for $1.011m under the hammer on Saturday.In the past five years alone houses in Carindale have grown in median price by 27.7 per cent, with the annual change over the past decade sitting at 3.9 per cent. The median asking rent for houses in the area is $580 a week and homes sell in under a month when they go to market (23 days). His and hers vanities in one of the bathrooms. The master bedroom. The home sold for less than was paid a decade ago.last_img read more

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Prices soar for Kingscliff trophy homes

first_img51 Cylinders Drive, KingscliffKINGSCLIFF trophy homeowners are selling their sprawling sanctuaries for big price tags as beachfront land supply tightens.A luxury property at Cylinders Drive has just been listed for an area record $3.195 million and agents say they are fielding dozens of calls each day for other houses in the suburb. Polished concrete floors offer low maintenance.“At one stage we were working on a shipwreck theme, and we knew the timber would weather well over time which it did really nicely. Very few parts are actually painted and we wanted low maintenance as well, hence the polished concrete floors.”Set over two levels under soaring plywood ceilings, the four-bedroom, four-bathroom property features a home cinema, stone and marble finishes and a hidden study.The 9 x 5m pool is the centrepiece of the entertaining area, which also boasts a six-person spa bath with direct viewing to an outdoor plasma TV, as well as speakers in the garden and opening roof and integrated barbecue and bar fridge. A four-metre marble island bench features in the kitchen. The outdoor spa with plasma TV.“We wanted something that maximised the outdoor living space and my wife and kids wanted a large pool. We wanted that to be centrally located within the house and be able to live outside the house as much as we live inside the house,” Mr Latham said.The Lathams are selling up so they can build again.“We’ll definitely stay in the area, really it’s an opportunity for us to potentially realise a good gain,” Mr Latham said. The pool is the centrepiece of the outdoor entertaining area.center_img The Cylinders Drive property is on a tightly-held beachfront block.“There’s a few good quality beachfront houses on the market in the area so people will more likely make the trip from Sydney to look at a few rather than just one.”Already Mr Witheriff has fielded 25 inquiries in 24 hours.“We are getting interest from Brisbane, Sydney and Melbourne and a couple from Byron Bay,” Mr Witheriff said. Futuristic and sophisticated. The property is a statement family home.The Cylinders Drive property, owned by Gold Coast lawyer Steve Latham, features double-level glass panels allowing the interior living spaces to overlook the azure rectangle of the pool and everything from the airconditioning to the spa can be controlled with the touch of an iPhone. “We have not seen a house like this built or come to market since Salt Village was developed by the Ray Group almost 15 years ago,” said marketing agent Nick Witheriff, referring to the billion-dollar residential and resort project launched by the late Brian Ray. Kingscliff has boomed since. In the past five years the median house price has lifted 48 per cent to $836,888, according to CoreLogic’s February Market Trends report. “The price (of the Cylinders Drive property) will be setting a benchmark, but with the price of land increasing as is construction, it’s well-justified on that basis,” Mr Witheriff said. “We have no new land supply coming to the market.”Already Mr Witheriff has fielded 25 inquiries in 24 hours. “We are getting interest from Brisbane, Sydney and Melbourne and a couple from Byron Bay,” Mr Witheriff said. More from news02:37International architect Desmond Brooks selling luxury beach villa19 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoOne of four bathrooms.“And then this listing is architecturally-designed which we haven’t seen done, typically we see more ‘coastal-style’ homes constructed here.”“It brings the influence of those architects out of those capital cities and mix the beach lifestyle with the industrial chic designs we see in more modern Australian cities.”Mr Latham and his family bought the block – one of the last remaining on the beachfront strip – and built the property about 12 months ago. “We wanted to live on the beachfront and we’d built before in Tasmania, before we moved up to the Gold Coast, and we were keen to build again,” Mr Latham said.Mr Latham engaged the same architect who designed his Tasmanian home, Hobart-based 1 Plus 2 Architecture, in conjunction with Jayson Pate Design.“They were designed with some similar themes, in Tasmania we used timber cladding on the house which was Tasmanian Oak, and we continued that theme using Queensland ironbark in this house,” Mr Latham said.last_img read more

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Homes with sustainable features are more in demand

first_img3/59 Ison St, Morningside. Picture: realestate.com.au“It is still unusual, they have only been around for about two or three years now, we are just getting more properties.’’Mr Smith said they had just sold a home in Auchenflower with a Tesla wall.“I think they attract a premium price,” he said. “I think people are looking for these features now.’’He said while cost of living savings were part of the reason, buyers were also environmentally conscious. Homes without the full blown Tesla walls were in demand if they had solar power and were able to sell that power back to the energy provider.“We have a house coming up for sale in Aspley where the homeowner hasn’t had to pay an electricity bill for three or four years,’’ he said. Glenn Baird and Dario Pigozzo inside the Ison Collection development in Morningside. Picture: AAP Image/Claudia BaxterHomes with sustainable features are making buyers green with envy as new research reveals they are in high demand and often sell for more.The research revealed properties with sustainable features sold on average 13 days quicker and the median sale price was 10 per cent higher than properties without such features.The research is the result of three years work through the Australia Research Council Linkage project by PRDnationwide in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other industry partners.It found sustainable properties outperformed conventional competitors environmentally, socially and financially.PRDnationwide national research manager Dr Diaswati Mardiasmo, said the research had reinforced to her that the real estate industry needed to increase communication with real estate agents to potential buyers and sellers about sustainability features in their homes. “These features not only contribute to improving the price of properties but also decrease the time taken to sell the property,’’ she said.She said their research showed that houses with sustainable features achieved the most competitive market price.The research involved 215 houses which were sold multiple times between 2004-2014, 22 of those houses had sustainability features. It also interviewed 47 real estate agents throughout Australia.The research came up with seven top benefits of having a property with sustainable features:• Saving on utility bills and maintenance • Reduced construction materials and emissions• Fewer days to sell the listed property• Improved comfort and lifestyle• Higher median price• Higher resale value• Informed decision makingJane Elvin of LJ Hooker Annerley, Yeronga, said “green features’’ were in big demand, particularly with mature buyers.“I find people looking at retirement and more mature buyers — it is very important to them,’’ she said. “One of the first things they ask is, ‘Are there solar panels and gas hot water?’. They are very mindful of costs as they are preparing to retire and don’t want too many outlays.”Having an ultra low-maintenance footprint is something developer Dario Pigozzo of P3 Projects is very focused on.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus19 hours ago3/59 Ison St, Morningside. Picture: realestate.com.auHe has just sold out of his Ison development at Morningside which included a 3-phase, battery ready, home energy management system capable of powering the full capacity of the home’s heating and cooling systems that is connected to a 3.2kw solar power system.Mr Pigozzo said it was a company ethos to deliver on low maintenance living.As a result they used double the insulation required in the build, used louvres extensively to allow for cross ventilation and ensured all appliances were energy efficient. “Not all developers do it,’’ he said. “These city homes are quite unique in this suburb.’’John Smith director of sales Brisbane for Queensland Sotheby’s International Realty said it was the homes with Tesla powerwalls which were really in demand.The wall is a fully integrated AC Battery system for residential use which when added to solar power allows homeowners to store excess power to use later.Mr Smith said there were not many existing homes with the Tesla walls — at this stage it was mostly new builds.last_img read more

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