Month: October 2020

  • Five things you must know before buying Brisbane real estate

    first_imgBuying well in Brisbane takes some insider knowledge. Picture: Tara Croser.Brisbane rocks. We have less severe winters than southern capitals, you can find a carpark within two minutes walk of your destination, dress shorts are acceptable business attire (black thongs for formal wear) and if you jump in your car and pop on Powderfinger’s Double Allergic, you’ll be at the world’s greatest beaches before the hidden track suddenly cuts out.Brisbane property is also a winner. We have a median house price that would barely secure a rancid garage in inner Sydney. In addition, our allotments are so big that scoring a “six and out” in backyard cricket requires a herculean wallop to clear the neighbour’s fence.That said, successfully buying into the Brisbane property market can be perilous without a little insider guidance.Here’s a list of must-knows to help you secure success. Great schools, like Brisbane State High School, add value to surrounding real estate. Photographer: Liam Kidston.4. Schools boost valueState school catchments have never been more important to property investors, Ms Hetherington said.“Public schools that have good reputations, a strong P and C (Parent and Citizens association) and a strong principal. We are finding that there can be upwards of 10 per cent difference from being inside the catchment of those schools rather than outside the catchment.”Ms Hetherington said good examples of desirable state school catchments include Wilston, Bulimba, Brisbane High, Ashgrove, Mansfield and Ironside.5. Brisbane City Plan is a good starting pointBrisbane City Council has thrown open a wealth of information via the City Plan, and it’s all online.“Within the City Plan is a whole lot of information that directly effects and impacts on rentability and future saleability of an investment property,” Ms Hetherington said.“Getting the know how to use that plan and how to interpret the information is one of the best research sources for an out-of-town investor.”City Plan includes information on flooding, overland flows, local zonings and designations as well as planning restrictions and relaxation. Hetherington says aerial photography from 1946 and 2012 can also help confirming what housing is pre- or post-war. Hillside living holds appeal in the capital. Picture: Patria Jannides3. The hills are aliveWhile owners in other cities like the easy stroll afforded by low lying property on a flat topography, Brisbane loves an elevated vantage point. Ms Hetherington said hills are part of Brisbane’s charm with improved airflow and natural light being among the benefits.“So sometimes those areas that are down flat and quite walkable are the areas that might suffer from flooding or rising water.”Orientation and aspect also have a part to play. A north-facing home that catches morning warmth but is shielded from the harsh sunset will always appeal. Ms Hetherington said it even matters if you’re on the north side or south side of town.“South of the river and having that northern view to the city picks up a little more value than perhaps being on the north side with a southern view to the city.”center_img Brisbane’s relaxed lifestyle influences appealing home design: Adam Armstrong1. We live a little differentlyMeighan Hetherington, a director at Property Pursuit Buyers Agent, says investors must avoid imposing out-of-town rules on our Brisbane lifestyle. She says homes that adapt to our love of relaxed outdoor living benefit most.“The important things are the layout of the property and how it flows out to entertaining areas.“We’re also not that fussed about having lockup car accommodation — a carport is quite acceptable. I find a lot of push back from interstate investors not understanding that that’s completely acceptable and won’t negatively impact potential for capital growth or the rentability of a property in Brisbane.”Airconditioning is now essential for owners and renters too, Ms Hetherington said.“Tenants use to be quite satisfied with ceiling fans, but it’s become a must to have it (air conditioning) installed in about the last 18 months.”2. Know your styleCharacter homes differ between Brisbane and the other states Ms Hetherington said.“Brick and tile lowset on concrete slabs are not as well regarded by owner occupiers who are hopefully the future buyer of your property and where your capital growth will come from.Character Queenslanders up on stumps are the most popular, despite potentially higher maintenance costs.“Properties with the tin roofs and the timber walls and the cracks in the walls and the air coming through the window (joinery) — those sorts of properties. While they look like a nightmare to an interstate investor, they’re probably the ones that are most sought after by future buyers,” Ms Hetherington said.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 agolast_img read more

  • Home so flash even the cubby house has its own power

    first_img100 Hawken Drive, St Lucia.IT may be considered an elite university suburb but this classic home in St Lucia has something only a handful of others can claim – a powered cubby house.Designed to suit families with young – and not-so-young – children, the 100 Hawken Drive home has a wide array of features to keep the family happy.The five bedroom, three bathroom, four carspace home has a pool that is self-cleaning, and sits on a 1097sq m block leaving lots of room for backyard cricket.Sitting behind a gated entry and thick hedges, the house’s front veranda leads to timber French doors, the first floor’s formal lounge and library complete with fireplace and ornate mantle.Yet the home also has a versatile rumpus room that opens onto a large covered terrace with a 14.5m-long lap pool. Stairs continue down to a timber deck with a built-in trampoline, the powered cubby house, sandpit and slide.100 Hawken Drive, St Lucia.The home is full of charming period features, such as polished hardwood floors, VJ walls and high ceilings with decorative cornices. French doors connect the formal lounge to a spacious family room and dining room with bay window.It’s effortlessly indulgent. A renovated kitchen has marble benchtops, stainless steel Miele appliances, crisp white cabinetry and casement windows.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 agoA built-in trampoline sits between the pool and the cubby house at 100 Hawken Drive, St Lucia.A wraparound rear deck complements the indoor entertaining space with a high angular roof, leafy suburban view and kitchen serving window.The first floor’s two bedrooms, linen closet and bathroom with shower bath are positioned along one side, with one of the bedrooms boasting a bay window overlooking the front yard and gardens.Internal stairs and the expansive carport both grant entry to the ground floor, highlighted by two impressive family entertainment areas.100 Hawken Drive, St Lucia.The ground floor also houses three bedrooms, two of which feature built-in wardrobes and share a contemporary bathroom. The main bedroom has carpet, built-in bookshelves, a fireplace, walk-in wardrobe, and tiled ensuite with rain shower. It also has a connecting door to the nursery.100 Hawken Drive, St Lucia.Accessed externally, the temperature-controlled wine cellar holds up to 1800 bottles. Ducted airconditioning, solar panels and a water tank accentuate this residence’s level of comfort and environmental stability.“Buyers searching for the ultimate in family living and lifestyle, have likely found their new home,” agent Damon Warat of Ray White Ascot said.Inspections are by appointment with the home set to go under the hammer on site at 10am on March 11.last_img read more

  • Benowa Waters house sells for $1.14 million in street record

    first_img3 Village Low Rd, Benowa Waters.A BENOWA Waters home has sold for $1.14 million in what is a record for the street.The waterfront property at 3 Village Low Rd is on a 749sq m block and has been extensively renovated.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 agoIt features four bedrooms, three bathrooms, a media room, 12m pool and a covered entertaining area near the water’s edge.The sale, negotiated by Genc & Co, Bundall agents Isaac and Maria Genc, trumped the last street record which was $830,000 for a three-bedroom home at No. 2.The street is tightly-held with just four sales in the past 10 years. 3 Village Low Rd, Benowa Waters. 3 Village Low Rd, Benowa Waters.last_img read more

  • Townsville’s finest waterfront property on market for first time

    first_img7 Norfolk Place, DouglasA spacious master bedroom has breathtaking views up and down the river and also features large walk-in robe and luxurious ensuite with floor to ceiling porcelain tiles. Stepping out, the property features a sparkling in-ground pool with automatic irrigation to maintain water levels.There’s a huge triple bay garage with built-in storage and a large driveway with off-street parking for six vehicles. 7 Norfolk Place, DouglasMore 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 2020Located on the bank of Ross River, the home is filled with modern comforts and quality designs.Approximately 500 sq m of high-end executive living with uninterrupted water views, the large home with solid concrete floors has unrivalled street appeal from every angle. Its spacious kitchen with a 7.5m solid granite island bench top is the heart of the home. There is plenty of storage with built-in Liebherr wine fridge which has room for 100 plus bottles.The property’s three spacious separate living zones and five double-sized bedrooms offer plenty of space for the entire family. 7 Norfolk Place, Douglas“I think it’s a real entertainment home as there’s a lot of room that would suit families or couples,” Mr Patchell said.“It’s an impressive home and ideal for people who love to entertain or for those looking for a home in a prime location as you have the university and hospital just down the road.“I would definitely call it a dream home. I even had people knock on the front door asking if they could have a look around because they were so impressed by the design.” 7 Norfolk Place, Douglas To top it all off, the home is solar powered by a huge 6KW unit which has the ability to add to an existing solar inverter, keeping power down prices all year round.“The home has been designed so that, wherever you are in the home, you can sit back and enjoy the views of the river and the trees,” Mr Patchell said.“In the morning you can hear the birds chirping from the bedroom and there’s a natural breeze coming from the river all day round.” BOTH breathtaking and prestigious, Townsville’s finest waterfront property offers extraordinary river views in both directions. The Douglas home was designed by owners Peter and Marissa Patchell, who have lived in the stunning architectural residence for 11 years.Mr Patchell, an architectural draftsman by trade, bought the land in 2003 to design and construct what he calls his “dream home” which later won him the Delfin Lend Lease grand Master Awards for Northern Australia.last_img read more

  • Cottage transforms into a luxury inner city Brisbane home

    first_imgBefore the pool went in.Positioned in an idyllic location adjoining lush parkland, this beautiful home offers spacious, low maintenance, inner city living at its best.“The terrace overlooks the modern pool – the perfect location for summer entertaining. The property enjoys direct access to parkland at the rear, providing a lush, leafy outlook and also an enviable spot for children to play.” The way it used to be before renovation. The house was raised before the architect redesign began. Grand entertainment space. Lots of natural light in the bathroom.The original home was built in 1920, according to CoreLogic records, and underwent a major renovation just before the current owners moved in.The traditional colonial cottage was transformed by an architect-designed renovation program into a modern, luxury retreat.Agents Tim Douglas and Scott MacDonald of Place Paddington have just put the property on the market, with the listing for the house and its 405sq m block focusing on the park at its back door. 29 Emma St, Red Hill Qld 4059YOU may find it hard to believe how this luxury inner city house used to look.The amazing renovation project in Brisbane’s Red Hill has hit the market and may floor you.The four bedroom, three bathroom, double car space house at 29 Emma St may have had a very humble beginning as a cottage in Brisbane’s inner city, but it has certainly come of age now.center_img More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day agoThe pool backs on to parkland. The front of the house. Quiet spot to contemplate the nature of things. The kitchen is a delight for entertainers.last_img read more

  • Former Qld treasurer Keith De Lacy has made another substantial property play

    first_imgFormer Queensland Treasurer Keith DeLacy and his wife Yvonne at their former Redlynch home which they sold for $950,000. Picture: Justin Brierty.FORMER Queensland Treasurer Keith De Lacy and his wife Yvonne had gone for the high life for their new home.The couple sold off their home at Redlynch in Cairns last year for $950,000 and also an inner city apartment in MacArthur Chambers fir $1.475 million last year.At the time Mr De Lacy said they were looking to move into another inner city apartment.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by Property records now reveal the couple purchased in the up-market Abian Residences built by Sunland in Alice Street.They contracted to buy the apartment off the plan in 2014 for $2.64 million. The 41-storey tower overlooks the Brisbane City Botanic Gardens.Meanwhile the buyers of the De Lacy’s MacArthur Chambers penthouse, developers Virginia and Chris Anderson have now listed the apartment they already owned in the building for rent.It is available fully furnished for $700 a week.The two-bedroom apartment is in a corner position which overlooks the Queen Street Mall.There complex has a gym, outdoor swimming pool, spa, sauna, barbecue and entertainment area. It is listed through Ashley Liu of nextrealty.com.au.last_img read more

  • A no-commission real estate agency has been fined $20,000 for not being clear about its fees

    first_imgSellers should make sure they fully understand what they are paying for when they engage an agent, according to REIQ CEO Antonia Mercorella.A NO commission real estate agency has been fined $20,000 by the Queensland Office of Fair Trading after complaints it was not upfront about its fees.Fair Trading also placed Purplebricks on enforceable undertakings which will remain in place for three years.These were to ensure that all representations made by the business, particularly those concerning fees and additional services, were not false or misleading.In a statement the OFT said even before entering into the undertaking, Purplebricks had changed its forms and processes to make sure everything was clear.It also amended its website.Purplebricks CEO Australia Ryan Dinsdale, said they had been working with the Office of Fair Trading since launching in Australia.“We are doing the best we possibly can to be completely upfront with our customers,’’ he said.Mr Dinsdale said a few customers had complained and once Purplebricks became aware of that it moved quickly to rectify any confusion.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus20 hours ago“It was something that we jumped on straight away,’’ he said.“We are trying to bring alternatives choices to the market.’’Fair Trading said complaints alleged that the Purplebricks website was misleading in relation to its fees – particularly that the fixed fees were payable regardless of whether a property was sold, or their services were cancelled.Fair Trading acting executive director Craig Routledge said the enforceable undertaking showed the business and its directors were willing to work with the OFT to ensure it met its obligations.“Queenslanders have the right to expect that real estate agents will make accurate and honest agreements with their clients,” Mr Routledge said.Real Estate Institute of Queensland CEO Antonia Mercorella said it was crucial the buyers and sellers felt they could trust the agent they did business with.“Real estate is a strictly regulated professions and it has some of the most stringent legislation governing any occupation in the state. Consumer protection is at the heart of this strict regulation and anyone operating within this profession must operate within the law,’’ she said.She warned those selling to make sure they understood what their money was buying them from the outset.“Understand the level of service you can expect to receive, do your research and don’t just rely on what you find online – ask around and check with friends, colleagues and family,’’ she said.last_img read more

  • Wheelchair friendly homes in demand

    first_imgMore 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 20203/30 McLachlan St, CurrajongThe two-bedroom, one-bathroom duplex sparked a flurry of interest from buyers looking for a wheelchair-friendly property.Mr Spinella said the home was inspected by 46 groups of potential buyers with five offers made. “We have that older demographic in Townsville who want to set themselves up for the next stages of their life,” he said.“This property was appealing because it was only one of two in a duplex, everything was already done to make it wheelchair friendly and the yard was concreted so it was low maintenance. “If you have a wheelchair-friendly property please call me because I still have buyers looking.” 3/30 McLachlan St, CurrajongSuch homes usually have ramp access to the front and back door, wide doorways, typically 900m, bathrooms that have a vanity fixed to the wall and showers and toilets that can be accessed by wheelchairs.For more details, call Mr Spinella on 0406 664 191. 3/30 McLachlan St, CurrajongHOUSE hunters are frantically searching for wheelchair-friendly homes as demand outstrips supply.Explore Property Townsville co-director Giovanni Spinella said he was seeking wheelchair-friendly properties with many buyers searching for homes that didn’t require renovations.Mr Spinella recently sold 3/30 McLachlan St, Currajong, for above the asking price of $168,000.last_img read more

  • Metros

    first_imgArgentina: Buenos Aires metro concessionaire Metrovías has awarded a US$70m contract to CMW Equipamentos of Brazil for installation of cab signalling to cut headways to 2min on four of Subte’s five lines by 1999.Brazil: CBTU has negotiated R$27·5m in federal funds to complete the Minas Shopping – Sao Gabriel section of the Belo Horizonte regional metro; this will in turn release R$198m for an extension to Via Norte. CPTM has appointed Ineco of Spain to provide technical assistance for modernisation of São Paulo’s 22·8 km South line between Osasco and Jurubatuba, and for work on the Capão Redondo – Largo Treze section of metro Line 5.China: With the completion of tracklaying, the first Airport Railway works train reached Hong Kong Island on July 30.Denmark: Union Switch & Signal has won a US$29·8m contract for driverless train control for København’s Bybanen metro. Hungary: Budapest Transport has formed DBR Metro Kft to manage development of the city’s metro, with responsibility for tendering and arranging loans. Malaysia: Taylor Woodrow subsidiary Teamwork Corp Sdn Bhd has won a £25m contract for traction power supplies for the Peoplemover Rapid Transit monorail in Kuala Lumpur (p617). Philippines: Light Rail Transit Authority signed formal contracts worth 25·7bn pesos with Japan’s Sumitomo Corp and Korean-led Hanjin-Itochu joint venture on August 12 for construction of Manila metro Line 2 (p613).Spain: Madrid regional government has awarded a Pts102·2m tender development contract to Prointec for the Pts15bn 4·2 km Line 8 extension from Campo de las Naciones to Barajas Airport.Taiwan: Niigata Engineering and Marubeni of Japan have won a US$43·1m contract for a 660m peoplemover with four driverless cars to link two terminals at Taipei’s Chiang Kai-shek airport.USA: On July 17 Bi-State Development Agency received a $1·5m grant from Illinois, allowing final engineering design to begin on the 13·8 km St Louis MetroLink extension to Scott Air Force Base.MBTA has awarded a US$13·1m contract to Union Switch & Signal for resignalling the overground sections of Boston’s Green line between Boylston Street and Brookline Village. The Hunt Valley extension of Baltimore’s Central Light Rail line opens on September 8; test running began on July 21.Yugoslavia: Beograd City Transport has received the first of 20 Tatra KT4 trams ordered from CKD Dopravni Systemy of the Czech Republic last September.last_img read more