102/212-214 Marine Pde, Labrador has changed hands for $1.25 million.A GOLD Coast villa that stands out with its “lofty ceilings and solid architraves has changed hands for $1.25 million.The three-bedroom residence in the renowned Windsong building at Labrador offers timeless Queensland living with panoramic Broadwater views.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North10 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoThe property at 102/212-214 Marine Pde is spread across two levels and features marble finishes, timber flooring, private courtyards and several verandas.The resort facilities include a lap pool, spa, barbecue and children’s play area.LJ Hooker — Broadwater agent Ana Tulloch managed the sale. 102/212-214 Marine Pde, Labrador. 102/212-214 Marine Pde, Labrador.
Month: October 2020
These are the six things to weigh up before deciding to invest in property
This investment property at 142/26 Felix St, Brisbane is rented until December for $550 a week. It is listed for sale for offers of more than $500,000. Picture: realestate.com.auINVESTING in property sounds so easy right? Find a property you want to buy, visit the bank, and find a tenant – done deal.Well it sounds easy, and it can be, as long as you work out a few crucial things at the beginning.According to ME head of home loans, Patrick Nolan, there are six key things potential investors need to weigh up before they even start looking.What’s your motivation?Nolan advises thinking carefully about this.“A quality property could be an excellent long term asset that can help you achieve important personal goals like building personal wealth or saving for retirement,” he said. “What are your goals, and will a rental property help you achieve them?’’Do you have a long term outlook?There are many costs involved in buying and selling an investment property aside from the weekly mortgage payment. These include stamp duty, legal fees and agent’s commission.All of this can add tens of thousands of dollars to your expenses and it can take time to recoup through capital growth.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoHow will you pay for major repairs?“This explains why property is regarded as a long term asset – one you should ideally be prepared to hold onto for five or more years,’’ Nolan said. “You don’t want to be in a position where a change in work or lifestyle means you have to sell the place prematurely and potentially cut short any profits on sale.’’Are you comfortable taking on an investment loan?While investment loans often come with higher interest at least it can be claimed on tax. Even so be sure to take into account future interest rate rises which you may need to kick in for.What if the tenant leaves?“Most rental properties experience periods of vacancy from time to time. Be sure your budget can handle these no-rent periods – no matter how brief.’’Paying for maintenance and repairs?Do you have enough cash on hand to pay for when things go wrong? “It’s worth having a slush fund of cash to cover these expenses – or at least a back-up source of funds that you can draw on in an emergency.’’Don’t be blindsided by tax perksNegative gearing and other tax concessions and deductions sound great, but don’t let his be the only reason you are investing.“Any tax benefits should be the icing on the cake – not the number one driver for becoming a property investor,’’ Nolan said.
Brisbane penthouse sells for $5.662m in biggest sale of the week: CoreLogic
This penthouse at 450/1 Newstead Terrace, Newstead, has sold for $5.662 million. Picture: realestate.com.auMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North7 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoOther features include a butler’s pantry with climate-controlled wine cellar, a secluded parents’ retreat and a four-car garage.But it’s a far cry from the record Newstead sale of a penthouse for $14.25 million.Earlier this year, Mr Greensill told The Courier-Mail Brisbane’s penthouse market was now competing with the big house market. But he said not all penthouses were equal. Prices varied depending on amenity, while desirability was also determined by the building size. This penthouse at 450/1 Newstead Terrace, Newstead, has sold for $5.662 million. Picture: realestate.com.auQUEENSLAND recorded the biggest sale in the country in the past week, with a Brisbane unit selling for $5.662 million, according to the latest CoreLogic figures.The sale of the four-bedroom, five-bathroom penthouse in inner-city Newstead was negotiated by Matt Lancashire of Ray White New Farm and Brett Greensill of LJ Hooker New Farm. This penthouse at 450/1 Newstead Terrace, Newstead, has sold for $5.662 million. Picture: realestate.com.auThe riverfront property at 450/1 Newstead Terrace spans 475 sqm of living space and is framed by floor to ceiling glass to take advantage of the panoramic view.It is accessed directly by lift and has its own private lobby entrance. This penthouse at 450/1 Newstead Terrace, Newstead, has sold for $5.662 million. Picture: realestate.com.auThere were 146 auctions held across Brisbane last week — down from 162 the week prior, according to CoreLogic.Preliminary results for the city show the clearance rate has fallen, with 51 per cent of auctions successful, compared with 52 per cent last week, while a year ago 48 per cent were successful. This penthouse at 450/1 Newstead Terrace, Newstead, has sold for $5.662 million. Picture: realestate.com.auAcross the Gold Coast, 56 auctions were held over the week and 37 have been reported so far with a 32.4 per cent clearance rate.Nationally, the clearance rate held above 70 per cent as the number of auctions held during the first week of winter slipped lower.
This Brisbane house sold for less than a one-bedroom unit
This Brisbane property sold for $200,000 less than the city’s median house price.YOU snooze, you lose.This two-bedroom cottage on 710sq m of land at 83 Blackwood Rd, Deagon was looking for “offers over $310,000” — and has just gone unconditional for $320,000 — a figure less than its most recent land valuation for rates assessment. The home has flaws, but the price can’t be beat.It’s also below the $330,000 asking price for this one-bedroom, 60sq m unit at 108 Albert Street, Brisbane — an apartment one-twelfth the size of the Deagon home’s land.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 investor2 hours ago For $10,000 more than Blackwood Rd, Deagon, you could have this tiny one-bedroom unit in the city.The Deagon property included a work shed and covered car accommodation, and there was potential to improve, according to Ray White sales consultant, Catherine O’Keeffe.“All the interest I had had been from renovators, which actually surprised me, because I thought most of the interest would be from people wanting to knock it down,” Ms O’Keeffe said.
The property provided for a large flat lot in a gentrifying street.Ms O’Keeffe said gentrification in Blackwood Rd, and more widely across Deagon, was well underway.“There are actually about five new houses in that street,” she said.“Deagon is an absolute cracker of a suburb. It’s got three train stations that you can walk to, so it doesn’t matter where you are in Deagon, you can walk to a train station,” Ms O’Keeffe said.“And the bikeway that goes right across Brisbane, it actually goes down Blackwood Rd.”Some buyers might have been turned off by the train line to the rear, but at just 15km from the CBD, this had to be one of the most affordable and commutable homes to hit the market in Brisbane this year.Follow Kieran Clair on Twitter at @kieranclair or on Facebook at Kieran Clair — journo
Enjoy private indoor-outdoor living on big block
The home at 48-50 Lychee Drive, Caboolture.The master bedroom has a walk-in wardrobe and an ensuite with shower and separate toilet. The three other bedrooms have built-in wardrobes and the family bathroom has a separate bath and shower. The double lockup garage opens to the laundry and there is also a third toilet off the laundry. The home at 48-50 Lychee Drive, Caboolture.At the centre of the house there is a chef’s kitchen, dining area and family room. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The modern kitchen has polytech sheen cabinetry, Caesarstone benchtops, Bosch ceramic cooktop and oven, dishwasher and island bench with breakfast bar.Sliding doors off the kitchen, dining area and lounge open to the covered patio and timber deck. There is also a media room, for family movie nights, an open study and a rumpus room for those who want extra space. The home at 48-50 Lychee Drive, Caboolture.THIS sprawling family home on a 3081sq m block is only two years old. Designed by Stylemaster, the home at 48-50 Lychee Drive, Caboolture, has high ceilings, open-plan living and plenty of space for outdoor entertaining. Marketing agent Sue Dewar, of Richardson and Wrench Caboolture, said the home was built to make the most of the rural surrounds and with indoor-outdoor living in mind.“This immaculate home offers families the perfect lifestyle in the sought after High Country Estate,” Ms Dewar said.
The home at 48-50 Lychee Drive, Caboolture.The home has ducted airconditioning, extra height doors, custom screens and a 5kw solar power system. The property is connected to town water and NBN, and comes with a HSTP septic system. There is plenty of room on the fenced block for a big shed or swimming pool, and there are established trees at the back of the low-maintenance yard.
Sale highlights strong but ‘more rational’ market
The home at 4 Indiana St, Sunnybank Hills.A LOWSET home has sold under the hammer in Sunnybank Hills as the suburb moves towards a more balanced market.Owen Chen, of Place Estate Agents Sunnybank, said the four-bedroom property at 4 Indiana St sold for $870,000 at auction.Mr Chen said the home attracted eight registered bidders and an opening bid of $700,000.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“Four of the buyers were active and it was quite a good auction and a good result,” he said.“The property was so attractive to buyers because it was presented beautifully and it was also in a very good location.”The home is on a quiet street within walking distance of Sunnybank Hills State School, Pinelands shopping centre and public transport.Mr Chen said most of the buyers who showed interest in the property were owner occupiers looking to upgrade from within the local area.He said Sunnybank Hills was an area in high demand but buyer activity was “more rational” than experienced earlier in the year. “The market is more balanced and we get an average of four to five people registering for auctions,” he said.
Brisbane cracks top 100 list of global cities with the strongest property price growth
Brisbane has made the top 100 on a list of global cities with the highest home price growth.BRISBANE has beaten London, Beijing and Brussels on a global list ranking cities with the highest home price growth.The latest Knight Frank Global Residential Cities Index ranks the Queensland capital as number 100 based on residential property price growth of 2.1 per cent in the past 12 months. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE But while Brisbane has performed better than some of the other major world cities, it only ranked sixth in Australia.Hobart recorded the highest price growth of 13.1 per cent, jumping from 34th place to 11th on the list. Hobart has ranked 11th on a global list of cities with the highest home price growth. Picture: Roger Lovell.Melbourne came next in 21st place, with 10.2 per cent price growth in the year to December 2017 — up from 24th on the index.Canberra’s residential market is now outperforming Sydney’s, with the nation’s capital sitting at 59th on the list with 5.7 per cent growth.Sydney is in 83rd place on the index with 3.8 per cent price growth, and Adelaide is in the 87th spot with 3.6 per cent growth.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours ago SKY HOMES GOING GANGBUSTERS WHAT PALMER PAID FOR FIG TREE POCKET MANSION BEACH HOUSE SELLS FOR RECORD $18M Brisbane has placed 100th on a list of global cities with the highest property price growth. Picture: Patrick Hamilton.Knight Frank’s Australian head of residential research Michelle Ciesielski said it was encouraging to see six Australian cities crack the top 100.“There is a clear differentiation in the pace of property growth around Australia, with Sydney and Melbourne seeing prices moving towards a more sustainable level of growth,” she said.“The influence by the Australian Prudential Regulatory Authority (APRA) on the lending environment has certainly been felt with many investors retracting from the market on the east coast. “This risk-adverse environment is likely to remain for some time given the current banking royal commission.”
Brisbane has cracked the top 100 on a list of global cities with the highest home price growth. Photo: Glenn Hunt/Getty Images.The Global Residential Cities Index assesses house price performance across 150 of the world’s cities.It has found global residential property prices grew 4.5 per cent in 2017, down from 7 per cent in 2016.Berlin led the annual rankings for 2017, with home price growth of 20.1 per cent during the year.
Parents should charge kids rent from 19: Survey
Ms Hassan said If mum and dad are giving free accommodation indefinitely, their kids may miss out on some important life lessonA MASSIVE 80 per cent of Aussies believe kids still living at home after 19 should start paying rent, regardless of age or circumstances, a new survey has found.Soaring house prices had forced many young people including professionals to remain with their parents well into their late 20s, said finder.com.au money expert Bessie Hassan. By that stage they should have been chipping in to household costs for a decade, was the view of most Aussies.The “kids” themselves — that is those aged between 18 and 23 — don’t agree, saying any charges should be left until they hit their 20s.Around one in five Aussies (22 per cent) between the ages of 25 and 29 still live at home with parents. Charging them rent or board or other costs could actually be doing them a favour, preparing them for the real world, according to Ms Hassan INSIDE EMILY PALMER’S PROPERTY EMPIRE FREE: GET THE COURIER-MAIL’S REAL ESTATE NEWS DIRECT TO INBOX More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours ago“Kids” themselves believe any chipping in should be left to when they are in their 20s.Around 18 per cent of survey respondents said board would be charged as soon as their child got a job.“If mum and dad are giving free accommodation indefinitely, their kids may miss out on some important life lesson,” Ms Hassan said. “You should teach them to contribute to the home and to ensure they pay on time.”She said if a price was to be put on what it cost to afford the lifestyle they have at home, “most young people would not be complaining about the cost of board”.“The board many parents choose to charge their children in many cases would not even cover one day’s worth of meals, washing, and Wi-Fi.”Ms Hassan said one approach was to use the “rent free” period to build up their child’s savings for the future.“If parents don’t feel comfortable charging board they could find other ways for their kids to contribute financially — like buying the weekly groceries or filling up the car with petrol.” FOLLOW SOPHIE FOSTER ON FACEBOOK
The distinctive architecture of this home make it Queensland’s most viewed listing
11 Abbey Ridge Rd, Reedy Creek. Picture: realestate.com.auThere is a separate study and three bathrooms as well as an extra powder room. The property has a huge poolside undercover area, an outdoor kitchen and in the home there are large glass encased living spaces.The home has polished concrete and timber floors.It is listed through Michael Spurge of The Prestige – Gold Coast.The second most viewed Queensland property on realestate.com.au this week was a six-bedroom house at 16 Dean Drive, Ocean View.Known as Bellevue the Hamptons style home is on a rural-residential block in the Dayboro Valley. 16 Dean Drive, Ocean View. Picture: realestate.com.auIt has views over the Glass House Mountains and Bribie Island.The property has a separate guesthouse with spa, there are polished spotted gum flooring throughout and Western red cedar ceiling in the formal lounge. More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus19 hours ago16 Dean Drive, Ocean View. Picture: realestate.com.auIt is listed through John Bradley and Matt Biggs of Place – Aspley.The third most viewed listing this week was in suburban Coorparoo.The three-bedroom home at 41 Halstead St, Coorparoo is listed for offers of more than $750,000. 95 Gordon St, Gordon Park. Picture: realestate.com.auIt is listed through Matthew Jabs and Ross Armstrong of Place – Newmarket. 41 Halstead St, CoorparooIt was built in 1939 and has period features including ornate cornices and ceilings, VJ walls, and polished timber floors.It is listed through Amanda Becke of Belle Property – Coorparoo.The fourth most viewed listing this week was at 56 Stephen St, Camp Hill.The renovated four-bedrom home is on two lots totally 986sq m. On the first floor are polished hoop pine timber floors and high ceilings with ornate details. The lounge and dining area are close to the kitchen and a deck.
56 Stephen St, Camp HillIt is listed through James Curtain and Warren Walsh of Place BulimbaRounding out the top five most viewed homes in Queensland this week, was a five-bedroom home at 95 Gordon St, Gordon Park.The home which is scheduled for auction on June 2, is a traditional style new home.Four of the bedrooms are on the upper level, as well as an additional living space. 95 Gordon St, Gordon Park. Picture: realestate.com.auOn the ground level is an open plan living area with 2.7 metre ceilings with decorative cornices and French Oak timber herringbone parquetry flooring. 11 Abbey Ridge Rd, Reedy Creek. Picture: realestate.com.auTHE distinctive architecture of this home helped make it Queensland’s most viewed listing this week.The four-bedroom home at 11 Abbey Ridge Rd, Reedy Creek is scheduled for auction on May 26 at 1pm.It sits within the Observatory Estate and has indoor and outdoor entertainment areas and coastal views.
PKP monopoly to end
OPEN ACCESS operators will be able to use the tracks of Polish State Railways from October 14, when PKP’s automatic monopoly of rail traffic is abolished. The legislation to open up the network has been signed by President Aleksander Kwasniewski, as the first stage of a restructuring programme which could eventually lead to privatisation. The introduction of competition is expected to spur further rationalisation at PKP, with cost saving measures likely to include 12000 redundancies.According to Krysztof Celinski, head of the railway department at the Ministry of Transport, a new financing structure for PKP will be put in place by January 1, together with access charge and subsidy rates, common technical standards for rolling stock and infrastructure, and regulations on staff responsibilities and safety procedures. A rail safety inspectorate will be set up within the Ministry to oversee rail operations. PKP and four steel and coal companies already running their own trains will get operating licences automatically, but new entrants will have to be registered in Poland before submitting a formal application to the Ministry. o