Month: October 2020

Tenants a clear a winner in Townsville rental market

first_imgTenants continue to be the big winners in Townsville’s property market, according to new data.TENANTS continue to be the big winners in Townsville’s property market, according to new data.Rental rates for houses fell by 3 per cent and -5.1 per cent for units in the December quarter, with figures expected to drop even further.Corelogic RP Data’s senior research analyst Cameron Kusher, who released the findings as part of his company’s regional marker report, said Townsville had not yet seen the bottom of the cycle, as the only region in Australia to record a fall in house values (-3.2 per cent) over the same period.However, indicative rental yields remained stable to the previous 12 months at 5.2 per cent for houses and 6 per cent for units. “I guess our view is that you will probably see a bit more of a decline this year so they might even go a little bit lower than they are at the moment,” he said.“I guess that really shows that anyone who is renting in Townsville doesn’t really need to be in a rush to go out there and buy, as rents are coming down.“You have got people that live there that can’t find the jobs that they need and they move elsewhere and that is dampening both rental growth and value growth.“So at this stage I don’t see anything that is going to turn things around over the next 12 months and I wouldn’t be surprised to see further falls in rents.” Top five suburbs to investMs Elliott said investors struggling to lease their properties should consider basic upgrades.“A well cared for property shows that the owner cares and will in return attract tenants that will care,” she said. “Also, security and good ventilation, such as fans and airconditioning are important.” Core Logic’s Regional Market Update also found that homes took longer to sell when compared to the same time 12 months ago, despite the average vendor discount improving over the year. A typical house is now taking an extra three days to sell, while for a unit, the average time it takes to sell has increased by 10 days, with vendor discounting above 10 per cent for both houses and units. Top five cheapest rental suburbs for unitsMore 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 2020At a median rent price of $210 a week, Currajong is Townsville’s cheapest address for those looking to rent a unit, while Balgal Beach tops the list for houses at $260.Castle Hill also ranks in the top five for cheapest units to rent at a median weekly rate of $220.Despite a total of 1810 properties listed for rent across the greater Townsville region, Smith and Elliott principal Sally Elliott said it was not all doom and gloom.“First of all, of those 1810 properties, I’d say about 5 per cent are not actually available now but in about a month’s time,” she said.“While the bottom end is spoiled for choice, we can’t get enough of the higher end market and properties that are located within 5km of the CBD, Stockland and other main city hubs.”last_img read more

Colonial three-bedroom home sells to unsuspecting buyer at auction

first_img274 Nudgee Road, Hendra. Photo: said the home was sold to a next door neighbour looking to expand his property portfolio.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“We had five registered bidders, including one from Sydney and Melbourne,” Mr Clark said.“We had about 25 people at the auction, the property was around 100 years old.”Mr Clark said the buyers were looking to purchase surrounding properties. 274 Nudgee Road, Hendra. Photo: White auctioneer Adam Downes said the little three-bedroom cottage was on a busy road.The auction was held in the backyard, with bidding starting at $390,000.Bidding got up to $450,000 when it paused, Mr Downes said.He said the house went on the market at $470,000 and moved in “rapid fire increments” to $498,000.“The property sold $28,000 above where we announced it on the market,” he said.The property is on a 567 sq m block. 274 Nudgee Road, Hendra. Photo: Brisbane buyer loved his neighbour’s home so much he wanted in on the auction action.Ray White — Nundah selling agent James Clark said the home at 274 Nudgee Rd, Hendra sold under the hammer on Saturday for $498,000.last_img read more

Two Brisbane suburbs in top 10 most wanted list for apartments

first_img7. Maroochydore More than 17,140 10. Kangaroo Point More than 14,270 5. Mooloolaba More than 22,140 9. Main Beach More than 16,220 6. Southport More than 20,980 202/116 Annie Street, New Farm, is for sale.REA Group economist Nerida Conisbee said the data indicated that despite fears of an apartment oversupply in Brisbane, demand was still there.“It’s good news because Brisbane like Melbourne is a city where people are concerned about the level of development,” she said. “I think it’s good to remember high supply doesn’t necessarily mean low demand.” GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Ms Conisbee said five of the top 10 most searched suburbs for units in Queensland were on the Gold Coast. “The Gold Coast just keeps coming through on top in lots of different measures, from buying to renting,” she said.The fact New Farm apartments are in the top 10 most wanted in Queensland comes as no surprise to Brett Greensill of LJ Hooker New Farm. 1. Surfers ParadiseMore than 53,260 8. New Farm More than 16,460 SuburbNumber of searches 4. Caloundra More than 22,320 QUEENSLAND 2. Broadbeach More than 40,200 11/161 Moray Street, New Farm, has just sold.APARTMENTS are still in hot demand in two inner-city Brisbane suburbs despite fears of a looming oversupply.According to REA Group, the most sought-after units in Queensland are on the Gold Coast and Sunshine Coast, but New Farm and Kangaroo Point also make the most-wanted list.The data collated from between September 2016 and February this year ranked suburbs in Queensland, Victoria and New South Wales based on the number of unit searches.Surfers Paradise is the hottest apartment market in Queensland — topping the list of the most in-demand suburbs for units, with more than 53,000 searches in the past six months. Surfers Paradise has topped the list of suburbs most wanted for units in Queensland. Pic Jono Searle.Broadbeach is the next most sought-after, with more than 40,000 searches.Demand for units in both of these Gold Coast suburbs far outstrips any other suburb in Queensland, New South Wales or Victoria.New Farm is eighth on the list, while Kangaroo Point just scrapes in to the top 10 most wanted suburbs for units in the state. (Sep 2016 – Feb 2017) 3. Burleigh Heads More than 23,490 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 investor6 hours ago Source: REA Group The view from 11/161 Moray Street, New Farm, which has just sold.Mr Greensill said he was struggling to keep up with demand in the suburb from owner occupiers interested in quality apartments, who were getting priced out of the suburb’s housing market.He said a perfect example was the recent sale of a three-bedroom apartment with 180 degree city and river views at 11/161 Moray Street.“That’s the kind of apartment owner occupiers are buying to downsize and live there for the next 10 years,” he said.last_img read more

The most viewed home on the Gold Coast doesn’t have views or a pool, but it had 20 written contracts

first_img17 Cotlew St, Southport. IT may not be waterfront or have a sparkling pool but this Southport home has taken the cake for the most viewed property on the Gold Coast this week. According to, 71 Cotlew St gained the most clicks compared to any other home the Gold Coast home in the past seven days.With a tidy price tag of $459,000, the 1980s brick home was snatched up on Tuesday.Lisa Parker and Liz Sharpe from Property Partners GC said they advertised the property on last Thursday and the home had 20 written contracts by the following Monday. “It is located on the fringe of a highly sought after area between Southport and Ashmore,” Ms Parker said.“There was an overwhelming amount of interest from young families, first home buyers, investors and keen renovators.“The price was the real drawcard because it was under $500,000, which explains why first home buyers we’re swarming over it. “The day I was hammering the sign in, we had a guy drive past and offer well above the asking price.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“It has been crazy from the minute we put the sign up.” The property is situated on a 670sq m block and has four bedrooms, two bathrooms and two car spaces. Ms Parker said the new owners were already measuring up the kitchen to begin renovations. “My partner Liz and I have been busy replying to the crazy amount of emails and letting everyone know that it is under contract,” she said. “The only word I can use to describe the sale is mayhem. “There was 86 groups at the first inspection and a lot of people walked in asking if it was an auction.” According to the agents, the property was home to an elderly lady. “Her husband was a local bank manager and he built the house,” Ms Parker said.last_img read more

This home achieved the highest suburb sale price in three years

first_img7 Regoli Court Samford ValleyTHIS four-bedroom home fetched the highest price in its suburb in three years – a staggering $1.8 million – according to The home, with two bathrooms and a six-car garage, sold on June 13.7 Regoli Court Samford ValleyMore 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 2019Only five other properties have been recorded as selling above the $1.8m mark in the suburb, with the highest being a 78ha estate bought by Pine Rivers shire council for $3.5m in 2006.7 Regoli Court Samford ValleyA six-bedroom, 1ha property at 5 Cannington Court sold for $2.015m in 2013 and a 9084sq m block at 26 Ascot Crescent fetched $1.97m in 2009, according to CoreLogic. The other two sales were for $1.95m each in 2014, for a 9052sq m site at 24 Ascot Crescent and a 9978sq m property at 3 Warwick Lane.7 Regoli Court Samford ValleyThe home at 7 Regoli Court, Samford Valley, was on the market for just two weeks before it was snapped up unconditionally. The owners had bought the property for $460,000 in August 2005.7 Regoli Court Samford Valley“This 2007 Garth Chapman-built residence sets a new standard for luxury family living upon five acres of established grounds,” the REA listing said. “It is destined to become Samford Valley’s benchmark for living and entertaining excellence.”last_img read more

Three-level property set up for multipurpose living hits the market

first_img19 Portwine Street, Murarrie.Retirees Neville and Joan Schumann are ready to downsize to a unit and say they have enjoyed the last 12 years at their Murarrie home.The six-bedroom, four-bathroom home at 19 Portwine St is ideal for extended families or to run a business. 19 Portwine Street, Murarrie.The steel framed eco-friendly house is designed to be cool in summer and warm in winter.Mr Schumann said the property was close to everything including shops and schools.He said for a couple of years his son and daughter-in-law had lived with them.“Everyone had their own independence, there was so much space,” 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 202019 Portwine Street, Murarrie.Mr Schumann said the property was set up for multipurpose living.“We bought it off a builder who built the home, he was a plumber too,” he said. “He had a big storage area, which would be good for a tradesman or a business needing a lot of storage.”Mr Schumann said he was a vintage car collector and, at one stage, had five cars in the garage and two in the car port. 19 Portwine Street, Murarrie.The property, which is only 15 years old, has stunning views to the city from many areas of the house.Mr Schumann said when they bought the property it was completely different to what it is now.“My wife is 81 this year, but when we bought it 10 years ago, she had crook legs, so we put a lift in,” he said. “It’s quite different.” 19 Portwine Street, Murarrie.Spread across three levels, Mr Schumann said he and his wife were looking forward to moving to a unit in the same suburb.“It’s time to downsize,” Mr Schumann said.“We have loved this house, we call it our palace.“There is a vacant block on one side and a park on the other.”last_img read more

Buyer interest a match for the warmer weather

first_imgInside 18 Dryandra Court, Everton Hills.Mr Smith said the Everton Hills area was expected to be one of the next boom suburbs due to its family vibe, leafy aspect and proximity to the city and amenities. “The area has always been popular with families,” Mr Smith said. 18 Dryandra Court, Everton Hills.AS soon as the weather warmed up, the offers on this blank canvas at Everton Hills came in.Zak Smith, of Raine & Horne – Brisbane Central, said the spring selling season had well and truly sprung in the northwest suburbs, with a spike in buyers’ interest.“This house had been on the market for a little while but probably due to winter, the pool wasn’t a big drawcard.“But as soon as it warmed up, we had multiple groups through the property, several offers and then sold by negotiation,” he said. 18 Dryandra Court, Everton Hills.center_img 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 2019The pool area at 18 Dryandra Court, Everton Hills.The home sold on September 24 for $496,000.The three-bedroom, highset house at 18 Dryandra Court, with elevated views was bought by first home buyers.They are a young professional couple keen to invest in some sweat equity.It was sold by a couple keen to escape to the country after their kids had left their nest.last_img read more

Abando rebuild out to tender

first_imgPLANS for the long-awaited rebuilding of Bilbao’s main station, Abando, are close to being finalised. Tendering for the Pts41bn project is now in hand, and construction is expected to start towards the end of this year on the railway stations, bus station and car parks. The privately financed commercial areas within and alongside the site will follow later. The former Norte railway’s Victorian train shed is to be replaced by a spectacular modern complex. Abando Passenger Interchange will incorporate platforms for Spanish National Railways’ long-distance trains and suburban services, a separate low-level station for 1000mm gauge FEVE and Basque Railways services (centre of drawing), a central bus station, hotel, shops, offices and private dwellings. There will be an underground car park for 1500 cars, as well as pick-up and set-down points.The legacy of Bilbao’s location on a small area of land beside the meandering River Nervión, coupled with its history as a destination for several private railways, is six separate stations, some frustratingly close to one another but divided by streets or vertical distance. The first line of the metro which opened last year (DM96 p41) has already reduced the problem by linking two 1000mm gauge routes. Abando Interchange will bring three more together on one site. Abando will be linked to surrounding streets by brightly-lit covered walkways and plazas, forming a new focal point for the city between the old and new towns.Renfe’s 1668mm gauge platforms will remain on their original plateau site as the centrepiece of the structure. Extra platforms, giving a total of 12, will be added to accommodate future high speed services and suburban trains now using the unattractive riverside La Naja station. Abando metro station will be linked by walkways, and there will be waiting rooms and station offices over the Renfe platforms. This area will also house a tourist information centre, and it will open on to a new Plaza de Abando with shops and cafes. Escalators will run down from the Renfe platforms to the 1000mm gauge station, bus station and shopping area.The 1000mm gauge station will be the terminus for trains from the Balmaseda lines and former Robla railway now terminating at Concordia, which is to be retained as a museum or cultural venue. Beyond the platform ends, this level gives way to the shopping plaza and waiting areas with passenger information indicators for rail, suburban and inter-city bus services. Access malls to the streets on each side will offer more catering outlets. olast_img read more

Kyoto hub opens its doors

first_imgRAILWAY facilities at a JR West’s rebuilt Kyoto station complex are scheduled to open on July 12, providing interchange between the Tokaido shinkansen, Nara, Kintetsu and Kyoto routes. Within the 16-storey complex, which has some 238000m2 of floor space, a 925-seat festival theatre and two cinemas are due to open on August 9, followed by the 539-bedroom Hotel Granvia Kyoto, JR Kyoto Isetan department store and a shopping mall on September 11.Designed by Hiroshi Hara + ATELIER F as a transport and social hub, the Kyoto complex is structured around a central concourse with a glass roof, traversed by a pedestrian walkway 45m above the floor. Escalators lead to an exhibition area at the eastern end, and at the western end to a Daikaidan or grand stairway with 171 steps taking the visitor up to a roof garden.As well as an art gallery, food court, tourist information centre and local government offices, the Kyoto complex incorporates the City Air Terminal for Kansai International Aiport. Passengers and their luggage can complete check-in formalities here before departing on JR West’s Kansai Airport Express (RG 7.94 p437). Parking space for 1250 cars and 1000 bicycles has been provided as part of the development. olast_img read more