Only way is up for regional Qld real estate as it shakes off post-mining boom hangover

first_imgThe Susdorf family has their house for sale.PARTS of regional Queensland are on the cusp of a major real estate revival as they shake off the shackles of the post-mining boom hangover.Property prices have risen as much as 40 per cent in just 12 months in some areas, while towns like Emerald have bottomed and now join Mackay, Cairns, Townsville and Gladstone in the recovery phase of their market cycle, according to valuer Herron Todd White.Herron Todd White’s national property clock for October 2018 shows house prices in Queensland’s regional towns are in recovery mode.Some of the hardest hit mining regions are showing signs of life, driven by surging coal prices, capital works projects and renewed optimism.In the coastal city of Mackay, jobs are going begging and the rental market is tightening rapidly as growing confidence replaces the gloom of the past seven years.The average house price in Clermont, southwest of Mackay, has risen more than 42 per cent in the past year to $270,000 — albeit from a very low base.House prices in Moranbah, in Mackay’s hinterland, have jumped nearly 15 per cent in the past year.A surge in coal prices is benefiting regional Queensland towns that benefit from the mining industry.Real Estate Institute of Queensland chief executive Antonia Mercorella said Mackay was one of the strongest growing regions in the state, with its median house price growing 2.5 per cent to $335,000 over the year to June.“This market is benefiting from a jobs boom in the region and currently has the lowest unemployment rate in the state,” Ms Mercorella said.“Jobs are bringing people back to Mackay and as a result, the rental market is also tight, at just 1.9 per cent.”In North Mackay, a modern three-bedroom, two-bathroom townhouse at 2/28 Malcomson Street recently fetched $305,000.This townhouse at 2/28 Malcomson St, North Mackay, sold for $305,000.The latest Herron Todd White national property report shows that buyers who bought distressed properties 12 or 24 months ago in a town such as Emerald are in a position to benefit.“Those who purchased during the last boom mostly still owe more than their house is worth, or haven’t quite got back to a position of building equity, however the market is on the rise and there is light at the end of the tunnel for these owners,” the report said.The pattern is being repeated in other towns, such as Gladstone.“For so many years, renovating your property in Gladstone was a pointless exercise as any money spent would be lost as the market continued to decline,” the report said.“Now that the market has turned the corner, we have started to see more renovation work taking place.“Most of this work appears to be on properties that were purchased in the past 18 months at bottom of the market pricing.”In Beecher, near Gladstone, a contemporary three-bedroom house on an elevated 2.4ha block at 61 Surveyor Place recently sold for $430,000.This house at 61 Surveyor Plc, Beecher, sold for $430,000.Herron Todd White valuers believe Rockhampton is at the bottom of the market.And it does seem the only way is up for the city, with the average house price rising more than 37 per cent in the past year, as confidence builds on the back of a new coking coal mine being built in the Bowen Basin.The median house price is only $180,000.A three-bedroom, two-bathroom house with a pool at 13 Pillich St, Kawana, in Rockhampton sold last month for only $367,000.This house at 13 Pillich St, Kawana, sold for $367,000.The pool at the house at 13 Pillich St, Kawana.According to the REIQ, Townsville’s house price fell 3.3 per cent over the year to June to an annual median of $324,000, but local agents are reporting considerable activity with transfers coming into town.Some suburbs experienced exceptional house price growth over the year, including Thuringowa Central (up 28 per cent), Idalia (up 21.3 per cent), Rasmussen (up 19.9 per cent), North Ward (up 15 per cent) and Railway Estate (up 10.1 per cent).A four-bedroom, two-bathroom family home at 1 Santa Fe Way, Kirwan, in Townsville has just sold for only $275,000, while in the suburb of Douglas, a four-bedroom house with a pool at 219 Freshwater Drive fetched $415,000.CoreLogic head of research Tim Lawless.Angelique and Jeffrey Susdorf are selling their five-bedroom family home in Mackay to relocate to Brisbane for work.The couple, and their four children, paid $385,000 for the property at 8 Jennifer Court, Bucasia, two years ago, but have listed it for just $360,000.“Even though the market is picking up, we’re still selling at a loss,” Mrs Susdorf said.“We did have it on the market for $400,000, but we weren’t getting any inquiries.“That ($360,000) is where the market is sitting at the moment in our area.”The house is near new, a two-minute walk from the beach, close to shops and include a 4x6m powered shed.This house at 8 Jennifer Court, Bucasia, Mackay, is for sale.Marketing agent Trevor Tippett of Ray White – Mackay City said the price of houses in the $200,000 to $350,000 range had increased between 8 and 15 per cent in the past six to nine months.“There’s very little under $300,000 now,” Mr Tippett said.“There’s stronger confidence in the market, the mining sector is picking up, more businesses are opening up in town and people are moving back to Mackay.His team recently sold six houses to Sydney buyers.“People are relocating here because they’re sick of Sydney,” he said.The kitchen in the house at 8 Jennifer Court, Bucasia, Mackay. 2`Ben Chick, director of Explore Property in Mackay, is also seeing demand for housing improve.“We haven’t seen a huge price jump just yet, but a greater volume of properties are selling,” Mr Chick said.“I think there are a lot more positives now than even in the boom for longevity in the property market.“People are making appointments to look at houses who had left the area and people from down south are starting to look up here from a work perspective.“The only thing probably holding us back is people being worried about what happened four years ago, but I think we’re in a better position now for steady growth rather than another boom.”Paul Bryan, director of Mackay real estate agent Penny Wood Lane, said it wasn’t uncommon a year ago for landlords to struggle to find a tenant within eight months, but now he was fielding multiple applications for rental properties and significant jumps in rent.“I definitely think the market’s transitioning,” Mr Bryan said.“But buyers, in my opinion, are still anchored to the prices at the bottom of the market, which I think we’ve passed now.“Locals are still hovering over the ‘go’ button and if they see a good deal they’ll jump on it.”Demand for housing is surging in Mackay. Picture: Rob Maccoll.Mr Bryan said days on market for certain properties were reducing and there were more savvy buyers in the market.“This is the first spring where we’ve seen a lot more confidence … since 2012,” he said.“Prices are still quite low — there’s some really affordable property in Mackay, especially in the unit sector.”But Mr Bryan said buyers still needed to be cautious.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“Going back eight years ago, you could buy four walls and a roof anywhere and you’d do well,” he said.“Now, you’ve got to be a bit careful.“I think that’s why people are hovering over the ‘go’ button, but I think next year will be the year.”CoreLogic head of research Tim Lawless said property prices had been hit hard by the mining downturn, but he said the recovery in the mining sector would prompt a turnaround in home values.“Coming into 2019, markets like Mackay should start to see some growth, we expect Toowoomba to move back into positive growth and Cairns to see a bounce higher,” Mr Lawless said.“Many of these mining towns have seen values fall 30 to 50 per cent, so it’s overdue that we see values rising again.“Anyone who owns property in those areas will be very happy with this recovery — especially if they bought in the peak around 2014.”Ms Mercorella said the state government needed to do more to support the recovery in regional housing markets.“The REIQ has lobbied the government long and hard for the first-home buyers grant to be broadened to existing properties in regional Queensland,” she said.“It is our strong conviction that this would give some of those house markets a much-needed boost as young people and first time buyers, who are struggling to save a deposit, are given that important leg up to home ownership.Importantly, these markets do not need additional supply. You can already buy an established house in these areas for less than it costs to build.”This house at 1 Santa Fe Way, Kirwan, sold for $275,000.This house at 219 Freshwater Dr, Douglas, sold for $415,000.But some industry experts, such as SQM Research managing director Louis Christopher, are urging caution.“Investors should always keep in mind that regional towns can be far more volatile in terms of prices, so timing is paramount,” Mr Christopher said.He suggested buyers look to the mining regions only to diversify their property portfolios.“Don’t put all your eggs in one basket,” he said.“Don’t make it your first investment; make it your fourth or fifth.”RiskWise Property Research chief executive Doron Peleg said the risks associated with investing in mining towns was too high.Mr Peleg attributed that view to lending restrictions, weak employment markets and the likelihood of the Labor Party winning the next federal and state elections and potentially making changes to negative gearing and capital gains tax.5 RECENT HOUSE SALES IN QLD’S MINING REGIONSRegion Address Sale price Sale date1. Townsville 1 Santa Fe Way, Kirwan $275,000 Oct, 20182. Gladstone 61 Surveyor Plc, Beecher $430,000 Sept, 20183. Townsville 219 Freshwater Dr, Douglas $415,000 Sept, 20184. Rockhampton 13 Pillich St, Kawana $367,000 Sept, 20185. Mackay 2/28 Malcomson St, North Mackay $305,000 Sept, 2018(Source: 10 MINING REGIONS FOR HOME PRICE GROWTH Region Property type Median house price Growth in 12 mths1. Clermont House $270,000 42.1%2. Rockhampton City House $180,000 37.4%3. Mooroobool Unit $274,000 34.3%4. Mirani House $337,000 18.2%5. South Mackay Unit $210,000 15.7%6. Moranbah House $185,000 14.6%7. The Range House $383,000 13.9%8. Armstrong Beach House $304,000 13%9. Seaforth House $361,000 12.8%10. Kirkwood House $353,500 10.5%(Source: CoreLogic)last_img

Ray White Surfers Paradise Group gears up for ‘The Event’

first_img“However, next year’s program will be even more important from an investor’s perspective, especially with changes to property rules expected under a potential new government.“We know from history that elections tend to distract the market anyway, but this time around there is the added uncertainty over the future of negative gearing on established properties should Labor win the election.“Combined with the interest we are expecting from our traditional visitors to the Coast, this provides a compelling reason for many property owners to sell in January.“We have no doubt that investors who depend on the negative gearing rules that exist today also will be looking closely at established properties. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham Ray White Surfers Paradise CEO Andrew Bell in action at The Event earlier this year. Picture Mike BatterhamONE of the Gold Coast’s biggest real estate agencies is gearing up for its flagship residential auction event.Ray White Surfers Paradise Group’s annual auction program The Event, on January 28, is set to cap off the busy Australia Day long weekend on the Gold Coast.“We’ve taken a different approach to The Event next year for a number of reasons,” said Ray White Surfers Paradise CEO Andrew Bell.“As always, sellers will still be taking advantage of the peak holiday season on Gold Coast,” he said. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham“January remains our best month for tourism, and with more accommodation coming onto the market we’re expecting record numbers again next year accompanied by another strong buying season.“We’re holding The Event on a Monday for the first time, taking advantage of the full long weekend to give prospective buyers more time to view properties ahead of the auction.”This year’s The Event attracted a crowd of about 1000 people, including more than 170 registered bidders who collectively spent more than $35 million on property.Mr Bell said while the 2019 auction program was being finalised over the next two weeks, he was confident of delivering an array of Gold Coast properties to buyers through The Event 2019 program.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“The Australia Day long weekend will be the prime time for buyers to stake their claim on their piece of Gold Coast real estate,” Mr Bell said.“Inquiries traditionally are up 60 per cent during January and we’re expecting next year to be no different. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham“We’re expecting more buyers to take advantage of the proposed grandfathering provisionsfor negative gearing of established properties ahead of any official changes to theregulations.”The Event, run in conjunction with the Gold Coast Home & Living Expo, is being held at RACV Royal Pines Resort on January 28, 2019.last_img read more

Pizza yurt with a side of llamas

first_img FOLLOW SOPHIE FOSTER ON FACEBOOK The “pizza yurt” is not so much a yurt but it’s still a great spot to make pizzas. The Dayboro Cottages & Llama Walks are for sale an hour northwest of Brisbane. Pictures: stunning property with a side hustle of llamas and a pizza yurt has hit the market in Brisbane’s north.Made up of five luxury cottages, a herd of llamas, a “pizza yurt” and 15.38 hectares in which to roam, plus a house currently used as a manager’s residence, the property brings home the bacon so to speak, with triple income streams.Not only do the cottages get rented out to tourists and visitors, but there was also the llama walk and seven fenced paddocks, some of which were rented out for cattle to graze.Real estate agent Vicki Pain of Ray White Dayboro said it was a unique offering, in a good spot, offering entertainment and accommodation options for those wanting to get away to the Brisbane Hinterland.“The previous owners set up Llama walk,” Ms Pain said. “They originally bought the top house and then purchased the bottom title and built the cabins. The views from up there are just stunning.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51 The property is set back from the road.Its unique features saw the Dayboro Cottages & Llama Walks star on Channel 7’s ‘The Great Day Out’ program. It has a four star rating from the Queensland Tourism Industry Council, as well as a 4.5 rating on Tripadvisor. “It’s good for someone looking for a change of lifestyle. It’s an hour’s drive to the city, an hour to the airport and close enough for families to come out,” Ms Pain said.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoThe business has a good record on Tripadvisor.One of its sources of visitors was its location close to popular venues like Ocean View — an award-winning winery, while a popular wedding venue Glengariff Estate was just opposite the property.“It services a lot of those who come up, because we’ve got wedding venues up here with not enough accommodation for guests. The cabins are quite popular. We do get weekend people (too).”center_img Agisted cattle use the fenced paddocks too. Apart from the llamas, there were also alpacas and agisted cattle using the pastures. The property also has a chook house, large storage shed and stable, with a spring fed dam and tank water.Ms Pain said a separate property next door was also for sale — a hilltop farm house used by the owners. The floors of the cottages are polished and each has barbecue facilities.Each cottage has a kitchenette, laundry facilities, an ensuite — one of which also has a spa bath — raked ceilings, polished floors and large balconies looking out over a panorama of the Dayboro Valley with the D’Aguilar range in the distance. Even the two-bedroom manager’s residence has a large deck and the same jawdropping views.“Set well back from the road these bushland retreats offer perfect peace broken only by the sounds of the birds,” was how it was listed. The balconies of the five cottages offer stunning views across the Dayboro Valley.last_img read more

Keen fight for lemon delight

first_imgSix registered bidders took the property to auction with 35 onlookers spilling on to the street.Among the spectators was a couple from Nundah whose pre-auction offer of $835,000 had been rejected. The house at 1 Rose St, Wooloowin is close to schools and the Kedron Brook bikeway. The house at 1 Rose St, Wooloowin that sold at auction on Saturday for $892,000. Picture: supplied.IT WAS a strong start to auction day in Brisbane on Saturday with the first house on offer selling under the hammer just after 9am.The three-bedroom Queenslander on the corner of Rose and Gorman streets at Wooloowin, had been in the one family since Bob Hawke was prime minister in 1990.Its signature lemon facade, and blend of English country and tropical landscaping, had made it a conspicuous landmark for the local Kedron State High School community, just four houses away. Ray White chief auctioneer Phil Parker opened the auction to offers at 8.55am and several bidders stumbled over each other to call out the first bid of $700,000.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoBidding then went up in $5000 lots, with the main contenders a couple standing in the middle of the street, another under the Rose St signpost, and a third couple at the back of a blue car parked outside the 602sq m property. MORE REAL ESTATE STORIEScenter_img Renee Chen and Elliott Stumm were tenacious in their bidding, determined to finally have a place to call home.At $875,000 the bidding stalled with the blue car bidders in front.“We’re just warming up,” Mr Parker announced, looking to the underbidders. “You’re having so much fun and you haven’t spent any money.”Mr Parker then paused the auction so Ray White Ascot agents Ian Cuneo and Andrew Flanagan could negotiate to get the house on the market.The pause was at times heated with one person clearly anxious for private conversations to end and the auction proper to restart, which it did after 18 minutes.The blue car bidders had raised their offer to $890,000 and the house was officially on the market.The Rose St signpost couple found another $1000 bid, but Renee Chen and Elliott Stumm, standing behind the blue car, returned volley and the house was sold to them under the hammer for $892,000.“We have been looking for about a year and a half,” Ms Chen said.“We were looking at Wilston and Windsor but then we expanded out.”The couple are currently renting nearby and with four failed auctions under their belt, were determined to make this one count.“We like the corner block and that it’s a Queenslander, and we like the street and the (Kedron) Brook close by.“No, we’re not gardeners. This is our first house together.” SEE WHAT ELSE IS AVAILABLE IN WOOLOOWIN >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<<last_img read more

Home hunters paying $100,000s more for a room with a view

first_imgThe rooftop terrace on the house at 17 Cavallaro St, Robertson. And a five-bedroom, five-storey house with sweeping views of the Brisbane River and Hamilton Hill from every level at 7 Langside Rd, Hamilton is set to go under the hammer today. Inside the house at 10 Thorpe St, Balmoral, which is for sale.“From our front deck we can look down to Portside (Wharf) and see the cruise ships come in from the top of the hill,” Ms Bright said.“From the side of the house, there are views to the river over Bulimba, and from the back, we can see the city.“It’s kind of like you’re up in the trees — like a nest.”Ms Bright said the house had about 50 windows in it, but did not compromise on privacy.“Because it’s elevated above other houses, it’s not like other people can really see in,” she said.Having moved there from a unit in Perth several years ago, Ms Bright said she had noticed a difference “psychologically”.“After living in a small, dark apartment, going to something nice and bright and airyMore from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agomakes all the difference in the world to your standard of living,” she said. This house at 3 Combles Rd, Camp Hill is on the market for offers over $1.6 million.Dan and Ruth Ellul are selling their home through Denis Najzar of Place — Woolloongabba and designed and built the property on an elevated block to make the most of the city views. “The views are pretty unbeatable from this position,” Mr Ellul said. The view from the house at 10 Thorpe St, Balmoral.Emilene Medelis of Place Bulimba, who is marketing the house, also believes a great view can add a substantial amount to the value of a property.“As our lives are getting increasingly busier with work, having a view or outlook provides a sense of peace and tranquillity, which in turn, we are seeing adds value to properties,” Ms Medelis said.“In the inner-city, particularly when land sizes are a lot smaller, we’re finding our buyers are seeking properties with a view because it gives the feeling of extra space.” The view from the house at 94 Minimine Street in Stafford. The home at 7 Langside Rd, Hamilton, has views from all five levels. The view from the house at 19 Glenlyon Dr, Ashgrove.3. DECENT VIEWAn unobstructed view from a medium elevation. This category is primarily reserved for homes that reside on the top of a small hill, according to Michael Matusik. “This particular view can see areas all around a home without any obstructions, but aren’t high enough to see far beyond the house’s small community,” Mr Matusik said.“Having an open area will always command more money than if you can only see a few houses down, so this type of view has the potential to add between nine per cent and 12 per cent to the value of your home.”That means a $500,000 home could be sold for around $560,000. Jenny Bright is selling her resort-style five-bedroom house at 10 Thorpe St, Balmoral, which is in an elevated position and boasts views from a number of areas of the home. This house at 7 Langside Rd, Hamilton, is set to go to auction. The rooftop terrace at 3 Combles Rd, Camp Hill where Dan Ellul and his children Edie, 18 months and Matilda, 4, enjoy panoramic views of the city. This house is for sale now. Picture: Annette Dew.A builder by trade, Mr Ellul said a view was always high on the priority list when it came to building a home, along with being within walking distance to amenities.Also boasting panoramic views is a property at 17 Cavallaro St, Robertson.The massive six-bedroom, six-bathroom home has a spectacular rooftop terrace with 360-degree unobstructed views. This house at 10 Thorpe St, Balmoral, is for sale.4. PANORAMIC VIEWClassified as an unobstructed view from a high elevation, this type of view can add between 15 and 25 per cent to a property’s value.It is better than the previous view in that it allows the resident to be able to see a wide vista from the comfort of their own home, which can add significant value. “Our estimates here have a wide range because much depends on what you see,” Mr Matusik said. “Still, the value of the real estate can increase substantially, with the new sale price as high as $625,000.”An example of a home with this type of view is the property at 94 Minimine St, Stafford, which is for sale via tender closing May 28.This house has unobstructed views of the Brisbane CBD and surrounds from a high elevation. The view from one of the terraces at the home at 7 Langside Rd, Hamilton. This house at 94 Minimine St, Stafford, is on the market for over $3 million.Another house with this type of view on the market right now is a four-bedroom ‘Tower House’ at 3 Combles Rd, Camp Hill with its own rooftop terrace. The valuable view from the house at 52 Seaview Tce, Sunshine Beach, which is for sale for a whopping $7.25m.Mr Matusik said the chances of finding a property with a great view were becoming increasingly difficult, as more and more properties were constructed in an area.“Properties with a view command a range of premiums now, and these bonuses are likely to rise further in the future,” he said.FIVE DIFFERENT TYPES OF VIEWS1. PARK VIEWThis type of view means the home is usually located at ground level — the same level as many of the other properties around you — but you have the advantage of having a view that allows you to see a large, non-residential space, like a park. Mr Matusik believes such a view can increase a property’s sale price by between three and five per cent, meaning the new sale price for a $500,000 home could increase to $525,000.A house for sale at 76 Burilda St, Hendra has a balcony overlooking TC Beirne Park across the road.The five-bedroom, three-bedroom home is on the market for a cool $1.59 million. 5. WATER VIEWcenter_img This house at 19 Glenlyon Dr, Ashgrove, is for sale. This house at 76 Burilda St, Hendra, has park views.2. CITY GLIMPSESThis type of view usually refers to the outlook from the rooftop and is usually partially obstructed.So, you may be able to almost see over all of the other properties around you, but there may be a few buildings that partially obstruct your view. Mr Matusik said that generally, the more elevated the home, the more value a view can bring to it.He predicts this type of view can bring in an additional six per cent to eight per cent to a home, lifting the potential sales price of a $500,000 property to $540,000.An example is a three-bedroom house at 55 Norman St, East Brisbane, which is going to auction. MORE: Tide turns for riverfront units The ultimate in views, Mr Matusik’s research suggests an obstructed water view could add between 30 per cent and 80 per cent to a home’s sale price. “The biggest attraction of a view continues to be a large body of water, with the higher premiums being given to salt water,” Mr Matusik said. “Also, at the upper end of the premium range, the water view needs to be unobstructed and the more rooms it can be seen from, the better. “Depending on the body of water, the residence can increase in value up to 80 per cent.”That means a house with a $500,000 base price would have a potential price tag of $900,000. A riverfront house at 15 Waterline Crescent, Bulimba, is currently on the market, offering uninterrupted views of the water. This house at 52 Seaview Tce, Sunshine Beach, is for sale for $7.25m. Glimpses of Brisbane’s CBD skyline can be seen from this house at 10 Thorpe St, Balmoral.He and his colleagues have undertaken a study, which has found that certain types of views add different values to properties. “Our work identified the different views available and then we looked at how much they can increase a dwelling’s value,” Mr Matusik said. “Our investigation was also based on an identical new dwelling built in the same area (but with differing views) with a base price of $500,000.” Jenny Bright at the house with a view she is selling in Balmoral. Picture: Peter Wallis.BRISBANE home hunters are forking out hundreds of thousands of dollars more for a property just because it has a view.When it comes to adding value to a home, it turns out a nice vista can increase the sale price by up to 80 per cent, according to independent property advisory Matusik Property Insights. Director Michael Matusik said one of the things that was often misjudged when it came to pricing a property was factoring in how much a view was worth. RELATED: Waterfront home a real class act This house at 17 Cavallaro St, Robertson, is for sale for offers over $4m. This house at 55 Norman St, East Brisbane, offers views from its multiple, covered entertaining areas.The property is on one level, with a configuration that allows for multiple living areas that interact with covered outdoor entertaining areas, offering city glimpses.Another three-bedder in Ashgrove is for sale with a view as its selling point.The Spanish Mission style home offers partial city views from its north-facing deck. This property at 15 Waterline Cres, Bulimba, is for sale.On the Gold Coast, a six-bedroom beachfront home at 36 O’Connor St, Tugun, is scheduled for auction next month. The view of the water from the living room in the house at 36 O’Connor St, Tugun.And on the Sunshine Coast, an incredible four-bedroom house at 52 Seaview Tce, Sunshine Beach, is for sale for an eye-watering $7.25 million.Inspired by the Greek island of Santorini, the oceanfront home is bathed in white and has breathtaking, unobstructed water views, which might explain the jawdropping price tag. This home at 15 Waterline Cres, Bulimba, has unobstructed water views. The water view from the house at 52 Seaview Tce, Sunshine Beach, which is for sale.last_img read more

What does Aarti’s dream home look like?

first_img What is the best thing about your suburb? FOLLOW US ON FACEBOOK Where do you live and why? We live in Hope Island because it’s a beautiful yet very practical suburb for busy modern living. Our first home was here in one of the estates. Aarti Bajaj at the award ceremony in Los Angeles last week. Picture: Supplied.The World Championship of Performing Arts in Los Angeles presented her with three silver and two bronze medals for excellence in drama, dance, and modelling.Ms Bajaj is the director and star of the Indian dance spectacular Meera which launched on the Gold Coast last year and has since toured to New Zealand.She’s also a mother of two and a sonographer, and dreams of finding a home where she can spend more time with the kids and less time doing the chores. What do you love about your home? More from newsNoosa’s best beachfront penthouse is about to hit the market12 hours agoNoosa unit prices hit new record high as region booms: REIQ12 hours agoWe love this house because it has a perfect urban Gold Coast living feel to it. We continue to reside in our first house on Hope Island. It is very contemporary, on beautiful waters, facing the magnificent Hope Island Golf Course. Maybe change our interiors a little more, I mean make it a little more contemporary. What would you change about your home? Hope Island is beautiful, safe, and close to multiple great schools and parks for kids and minutes to the motorway. It’s just a perfect, relaxing yet luxurious location for a busy working couple. The northern Gold Coast suburb of Hope Island. Picture: Mark Burgin. Gold Coast-based performer Aarti Bajaj. Picture: Helen Selmeczy.QUEENSLAND performer Aarti Bajaj has returned to Queensland with a bag of medals after competing in the Olympics of the performing arts world. Houses are not just expensive to buy, they are even more expensive to maintain. Therefore never over capitalise. Don’t put all your eggs in one basket. If money was no option, what would be your fantasy home and where? I would continue to live where I live but my fantasy home would be a house with loads of domestic help. Loads of help so that I can spend more time towards things that really matter to me like playing with my kids, spending time with my husband and doing loads of creative work. What was the best piece of property advice you were given?last_img read more

Brisbane house ‘most viewed’ in Australia is back on the market

first_img There are multiple entertaining areas.Third, the layout is perfect for a family. It has the separation of the master from the other bedrooms and has multiple living areas, which is what professional families are after,” she said.“Finally, it’s the level of the quality of the build. It’s a substantial build and clients of this calibre understand how much it would cost to replace a home of this quality.”Architecturally designed, 37 Quay Street Brisbane sits comfortably on an 885sq m block by the Brisbane river. This homes at 37 Quay St, Bulimba, captured the eyes of the nation when it was last on the market.A Brisbane house that captured the nation’s attention when it went up for sale two years ago is back on the market.The property at 37 Quay Street, Bulimba, marketed in 2018, was at one point the most viewed house in Australia on, receiving almost 200,000 hits, and attracting a large number of inquiries. Hey good looking: 37 Quay St, Bulimba, is back on the market.It sold on May 21, 2018, for $3.7 million through Paula Pearce of Place Bulimba estate agency.Little has changed about the house since it was last snapped up, but will it be able to attract the same attention second time around and in an unpredictable COVID-19 market? The property is said to be an entertainer’s dream.Ms Pearce, who is again marketing the property, said she couldn’t see why not and those who missed out last time could now have a second bite at the cherry.She said that of the previous inquiries, about 70 per cent were from local buyers, with 30 per cent coming from interstate and overseas. In fact, it was a family from Sydney that finally sealed the deal, relocating to Brisbane from NSW.However, work commitments have forced them to make another interstate move, which is why the house is back on the market so soon. The kitchen has top-range appliances.Ms Pearce said she expected the qualities that first attracted people to the home would again make it popular among buyers.“This house has the full package. First, is the location. It’s in what we call the river avenues of Bulimba, which are highly sought after,” she said. “Second, it’s on a large block, almost 900 sq m, which are hard to find.” The built-in outside barbecue and covered entertaining space.“At the beginning of COVID-19 people were cautious because they didn’t know what was going to happen. But as the curve has flattened, confidence has returned and people are out there making decisions and purchasing properties,” she said.The property launched today and is open to expressions of interest through Place Estate Agency Bulimba. An open for inspection will be held tomorrow, June 13, from 3.30pm to 4pm. The master bedroom is spacious with a luxury ensuite and walk-in wardrobe.The outside space includes a custom built-in barbecue, inground pool and spa, and a covered entertainer’s area with a bathroom and shower.Ms Pearce said while she could not predict what the market would do, she was confident that there were buyers out there in the right price bracket that were willing to buy, irrespective of COVID-19. More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours agoThe property is filled with light and has double-height voids.Internally it has an open-plan layout on the ground level, with double height voids, expansive glass windows, matte tiled flooring and the use of cedar on walls and ceilings. The kitchen, designed by Garsden & Clarke, is ideal for culinary enthusiasts and features Essastone benchtops, two ovens and a large butler’s pantry. The five bedrooms can be found on the second storey with plenty of space between the master and secondary rooms. last_img read more

Spotted: World’s Largest, Square-Rigged Sailing Ship Launched

first_imgImage Courtesy: BrodosplitIn today’s spotted we bring you an image from the launching ceremony of Flying Clipper, a full-rigged sailing ship, held at Croatian shipyard Brodosplit on June 10.Brodosplit said that Flying Clipper is now the world’s largest sailing vessel.Built for Monaco-based cruise company Star Clippers, the newbuilding features a length of 162 meters and a width of 18.5 meters.The 2,000 dwt ship has five masts and five decks and is able to accommodate 450 persons.Built according to Ice Class requirements, Flying Clipper will be able to sail in all regions including the Arctic and the Antarctic regions, the shipbuilder said.Apart from the yet-to-be-delivered newbuilding, Star Clippers’ fleet comprises three sailing vessels – Star Clipper, Star Flyer and Royal Clipper.last_img read more

Unmanned Cargo Ship Development Alliance Launched in Shanghai

first_imgIndustry bodies in China, led by HNA Technology Logistics Group and China Classification Society (CSS), have established what is now known as the unmanned cargo ship development alliance.Supported by experts from the ABS, DNV GL, Chinese ship and Marine Engineering Design Institute, Shanghai Marine Diesel Engine Research Institute, among others, the alliance is expected to have a profound impact on the industry.According to Li Weijian, Vice Chairman of HNA Technology Logistics Group, unmanned cargo transport development alliance is not only the organizer and leader of future shipping development, but founder and facilitator of technical product rules.CSS said that it will work together with the industry to carry out unmanned cargo transport and related technology research, establish unmanned ship standard, promote the revision of the regulations, and provide assessment, verification and inspection services for the industry.The alliance intends to become a pioneer in the adaptation of shipping and shipbuilding industry to the rapid change of market and technology, and believes that there will be broad prospects for the application of the outcome.The alliance plans to invite more scientific and technical research institutions, industry and end-users to participate, and develop cooperation in the areas of unmanned cargo transport development, ship manufacturing and operation.It is expected that the first unmanned cargo ship would be delivered in 2021, becoming the pioneer for the future shipping mode.last_img read more

Carbon Trust Delivers New York Floating LiDAR Plan

first_imgThe New York State Energy Research and Development Authority (NYSERDA) has published “The Metocean Plan”, authored by the UK-based Carbon Trust, which was supported by Frazer Nash Consultancy. The plan aims to support developers and financiers with the deployment of floating Light Detection and Ranging (LiDAR) solutions.The Carbon Trust said that, by building on experience gained over a decade working in the European market, it has generated guidance for NYSERDA on how to deploy cost effective wind resource measurement technology to generate bankable data to improve project financing of future offshore wind developments.Floating LiDARs are a proven technology which delivers cost savings of up to 90 per cent compared to traditional fixed met masts, the Carbon Trust stated.NYSERDA is the lead agency coordinating offshore wind development on behalf of New York State, which will support the ambitious Clean Energy Standard to meet 50 per cent of New York’s electricity needs with renewable sources by 2030. In support of the Governor’s proposal, NYSERDA continues to work closely with coastal communities and the fishing and maritime industries to identify offshore wind sites to be included in New York State’s Offshore Wind Master Plan.Recommendations detailed in the newly-released plan cover all aspects of deployment including project management set up and operations and maintenance of the devices themselves. Site specific elements such as New York permitting requirements and the current lack of offshore met masts to validate a floating LiDAR in New York waters are also considered.The plan draws on recent publications from the OWA, including the OWA Floating LiDAR Recommended Practice.NYSERDA also sought public feedback on the plan to ensure the final plan reflected views of wider stakeholders.The Metocean Plan is available online at NYSERDA’s website.last_img read more