Connect with us

Market Place

10 QLD suburbs that smashed records in 2017/18

Published

on

10 QLD suburbs that smashed records in 2017/18

Andrew Stone and Naomi Freney with their kids Remy Freney 6, Chelsea Stone 7 and Easton Freney 10 at the house they recently bought in Bundall, where the median house price recently burst through the $1m barrier.Source:News Limited

THEY are the state’s high achievers.

The suburbs that have outperformed their peers in the residential property stakes; breaking records for sale price, number of sales, days on market or for smashing through the million-dollar median price ceiling.

Benchmarks have been beaten in blue-chip areas like Ascot, Sunshine Beach and Surfers Paradise, as well as suburbs on the rise, including Kalinga and Underwood.

Records were smashed in at least 10 suburbs across the state in the past 12 months— an indicator of a shortage of stock and increase in demand in a number of competitive markets.

Here are some of Queensland’s benchmark busters of 2017/18:

ASCOT

The standout record-breaker in Brisbane was the sale of the trophy home of Domino’s Pizza boss Don Meij in Ascot.

The $11 million sale price of 27 Sutherland Avenue in March set a new record for the inner-city, blue-chip suburb.

It was also Brisbane’s highest sale of the past financial year.

10 QLD suburbs that smashed records in 2017/18

This home at 27 Sutherland Ave, Ascot, sold for $11m.Source:Supplied

Patrick McKinnon of Place Ascot, formerly of Coronis Hamilton, brokered the deal and said Mr Meij sold after receiving an off-market offer from a buyer who had fallen in love with the property.

Set on a sprawling 2024 sqm, the lavish home has six bedrooms, six marble ensuites and a jaw-dropping outdoor entertaining space with resort-style gardens, infinity-edge pool, pool house with outdoor kitchen and verandas.

10 QLD suburbs that smashed records in 2017/18

Inside the home at 27 Sutherland Ave, Ascot.Source:Supplied

BRENDALE

The fastest selling suburb in Queensland is Brendale in the Moreton Bay region, where the median house price is still an affordable $461,000.

It takes, on average, just 11 days to find a buyer, according to CoreLogic.

According to the latest Census data only 14.5 per cent of properties in the suburb are houses. With so few houses available, demand can be strong when something new is listed.

BUDERIM

The Sunshine Coast hinterland suburb had the highest number of houses change hands in 2017/18, with 573 houses selling in the 12 months to May, according to CoreLogic.

The owners of a majestic property at 10 Orme Rd, Buderim, that once hosted royalty have embarked on a new push to sell it.

10 QLD suburbs that smashed records in 2017/18

Buderim House at 10 Orme Rd, Buderim, is for sale.Source:Supplied

With all the focus on the royal newlyweds of late, it’s only fitting this heritage-listed Queenslander now holds extra appeal, given it was the residence of choice for the Duke of Gloucester during a royal visit in 1934.

The grand residence on 6315 sqm was built circa 1913 on the highest point of the northern slope of Mt Buderim, overlooking the Maroochy coast and river valley.

10 QLD suburbs that smashed records in 2017/18

Inside Buderim House at 10 Orme Rd, Buderim, which is for sale.Source:Supplied

BUNDALL

This Gold Coast suburb made the million dollar club for the first time in 2017/18, with its median house price now $1.05 million.

The sale of a waterfront mansion at 8-10 Marseilles Court this year for $9 million also broke the suburb’s sale price record — trumping the $8 million sale achieved in 2009 for a house in the same street.

The resort-style home has five bedrooms and seven bathrooms and is on a huge, 2703 sqm riverfront block.

REIQ Gold Coast Zone chairman Andrew Henderson said the new record was not surprising given the Coast’s strong market and he was confident property values would continue to soar.

Andrew Stone and his partner, Naomi Freney, recently bought a five-bedroom house, which they renovated, in Bundall for $620,000.

Mr Stone said he considered it a bargain given how tightly-held the suburb had become and the increase in house prices.

“I think we probably hit pot luck with that place,” Mr Stone said.

“People had been saying that area was going to go up 20 years ago and all of a sudden, it’s growing and there’s not a lot of turnover anymore.”

Ben Latimer of LJ Hooker Southport said Bundall’s transformation into a record-breaking suburb had happened gradually.

“It’s desirable because it’s so close to everything and there’s a good mixture of waterfront and dry blocks,” he said.

Paul Nikolas agrees.

He’s been buying, renovating and selling homes in Bundall for the past six years.

The last house he sold there earned him a profit of around $700,000.

He’s now selling his latest project at 19 Donegal Crescent for a cool $3.995 million.

“I’ve found a niche market here — nice, older properties on the water,” Mr Nikolas said.

10 QLD suburbs that smashed records in 2017/18

This house at 19 Donegal Cres, Bundall, is for sale.Source:Supplied

10 QLD suburbs that smashed records in 2017/18

The view from the house at 19 Donegal Cres, Bundall.Source:Supplied

COORPAROO

The inner Brisbane suburb achieved a new sale price record when a landmark house sold for $5.025 million just last month.

Designed by architect Eric Trewern, the English-inspired home known as Thongabel at 4 Welwyn Crescent captures views of the entire Brisbane City skyline.

10 QLD suburbs that smashed records in 2017/18

This house at 4 Welwyn Cres, Coorparoo, sold for a record price for the suburb.Source:Supplied

The five-bedroom, three storey house had been renovated with architectural features including Tulip Oak timber floors, Italian tiles and travertine.

Other highlights included a library, gym, climate controlled wine cellar, formal office, heated lap pool, heated horizon spa and outdoor space for kids to play.

Just 4km from the CBD and with a number of good Catholic and private schools on offer, Coorparoo has become one of Brisbane’s most sought-after suburbs.

The median house price sits at $875,000, according to CoreLogic.

10 QLD suburbs that smashed records in 2017/18

Inside 4 Welwyn Cres, Coorparoo, which sold for $5.025m in 2018.Source:Supplied

KALINGA

The tiny, up-and-coming suburb in Brisbane’s inner north made it into the million dollar club for the first time in 2017/18.

Its median house price broke through the $1 million barrier in late 2017 and currently sits at $1.04 million.

In November, 2017, records show the offmarket sale of a house at 119 Nelson Street for $4 million set a new price record for the suburb.

MANLY

Brisbane’s bayside is a sleeping giant only held back by lack of stock, according to one of Manly’s leading agents.

The suburb set a new sale price record for both houses and units in the past financial year.

Marc Sorrentino of Place Manly recently sold a unit in the seaside suburb for a whopping $1.2 million — smashing the previous record price paid for an apartment there by $345,000.

10 QLD suburbs that smashed records in 2017/18

This apartment at 301/177 Melville Tce, Manly, has sold for $1.2m.Source:Supplied

A couple from Sydney snapped up the luxurious three-bedroom, two-bathroom pad at 301/177 Melville Terrace, which had been advertised for offers over $1.1 million.

The median unit price in Manly, just 15km from Brisbane’s CBD, is $485,000, according to property research firm CoreLogic.

Late last year, Mr Sorrentino sold a family home on a huge, waterfront block at 497 Royal Esplanade for $3.9 million — smashing the suburb record for the sale price of a house.

10 QLD suburbs that smashed records in 2017/18

The sale of this house at 497 Royal Esp, Manly, set a new record for the suburb.Source:Supplied

“I keep saying it’s Australia’s best kept secret, but you watch. The prices are just going to keep going up and up and up,” he said.

“There’s just been a lack of good stock.”

SUNSHINE BEACH

The sale of a beach house in Sunshine Beach for $18 million in March set a new price record for the entire Sunshine Coast region.

10 QLD suburbs that smashed records in 2017/18

This mansion at 21-23 Webb Rd, Sunshine Beach, QLDSource:Supplied

The seven-bedroom, eight-bathroom property at 21-23 Webb Road was bought by David Russell, the owner of private equity group Equis Energy.

Just streets away, former tennis star Pat Rafter’s beachfront home sold for $15.2 million to Betty’s Burger founder David Hales, within weeks of the Webb Road sale.

10 QLD suburbs that smashed records in 2017/18

The former home of tennis star Pat Rafter at 46 Seaview Tce, Sunshine Beach.Source:Supplied

SURFERS PARADISE

A whopping 1398 units were sold in the Gold Coast’s glitziest suburb in the past financial year — more than any other property type in any other suburb.

It seems only fitting then that the most expensive penthouse Queensland has ever seen is under construction in Surfers Paradise.

10 QLD suburbs that smashed records in 2017/18

An artist’s impression of one of the apartments inside the Spirit 89 tower at Surfers Paradise.Source:Supplied

Priced at a whopping $41m and spread across two full floor levels, the highest home in the $1.2 billion Spirit 89 building easily tops the list of Queensland’s most expensive penthouses.

The 1899sq m sky home will also be one of the largest in the country, almost twice as large as Hong Kong billionaire Tony Fung’s $7.95 shell of a penthouse in the Soul building, and just a fifth smaller than the hyper-exclusive Boyd Residence above ANZ Tower in Sydney — which at $66m is Australia’s most expensive penthouse.

“Without the spire on Q1, it is the tallest residential building in Queensland,” agent Julian Sutherland of Ray White Projects told The Courier-Mail.

10 QLD suburbs that smashed records in 2017/18

An artist’s impressions of the Spirit 89 tower at Surfers Paradise.Source:Supplied

UNDERWOOD

The working class suburb in Brisbane’s south experienced the highest capital growth in Queensland in the past 12 months.

The Logan suburb’s median house price climbed nearly 25 per cent to $601,345 in the past financial year.

Underwood’s median house price also jumped a massive 65.6 per cent between May 2008 and May this year — the highest growth of any Brisbane suburb in the past decade.

CoreLogic senior research analyst Cameron Kusher told The Courier-Mail it was “a bit surprising” given the suburb’s location, 17km from Brisbane’s CBD, but its affordability and access to the highway and Gold Coast made it attractive.

“But its median (house) price is now up over $600,000, so it’s not really that cheap anymore,” Mr Kusher said.

Source: brisbaneinvestor.com.au

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Market Place

Top home sales: Big spender Clive Palmer spends $22m on property

Published

on

Top home sales Big spender Clive Palmer spends $22m on property

THEY’RE jawdropping, dripping in luxurious features and have sold for more money than most people can dream of. These are the most expensive homes of 2018 across the state.

THEY’RE jawdropping, dripping in luxurious features and have sold for more money than most people can dream of.

The top home sales on the record for 2018 in Queensland have been revealed and one buyer stands out from the crowd.

Former federal politician and billionaire businessman Clive Palmer splurged more than $22 million on property across the state last year, including a beachfront mansion on the Gold Coast, a riverfront Brisbane estate and a unit in Townsville.

Big spender Clive Palmer spends $22m on property

 

Players at the prestige end of Brisbane’s property market are hailing 2018 as one of the best in years, with demand from interstate migrants fuelling more sales above the $4 million mark.

The biggest reported sale in Queensland in 2018 was an absolute beachfront estate in idyllic Sunshine Beach for a staggering $18 million.

The sale of the seven-bedroom, eight-bathroom property set a new record for the entire Sunshine Coast region when it was sold by IT entrepreneur Daniel Wallis.

Just streets away, also in Sunshine Beach, former tennis star Pat Rafter’s beachfront home at 46 Seaview Terrace sold for $15.2 million to Betty’s Burger founder David Hales.

Big spender Clive Palmer spends $22m

 

On the Gold Coast, the biggest sale was in the so-called “millionaire’s row” of Hedges Avenue.

Mr Palmer forked out a cool $12 million for a beachfront mansion with five bedrooms, a gym, a wine cellar, a lift and a lap pool at 9 Hedges Avenue.

Top Home Sale Clive Palmer spends

 

He also splashed his cash on the Brisbane home of the founder of the collapsed Linc Energy, Peter Bond — paying $7.5 million for the riverfront estate at 36 Needham St, Fig Tree Pocket.

But the biggest home sale of 2018 in the Queensland capital was a riverfront home in Hawthorne with a tennis court, two swimming pools, a putting green and a private jetty.

spender Clive Palmer spends $22m

 

The luxurious property at 106 Virginia Avenue was owned by energy executive Shaun Scott and fetched more than $11 million.

That was closely followed by the sale of the Ascot home of Domino’s Pizza boss Don Meij for $11 million.

Top Home Sales

 

In Rockhampton, a 132-year-old home fetched $1.37 million, while in Cairns, an award-winning five-bedroom house on the harbour sold for $2.65 million.

While not publicly recorded, there were a number of offmarket sales that would have made the list, including disgraced businessman Christopher Skase’s lavish Hamilton mansion at 36 Dickson Tce, which sold for $10.138 million.

Big spender spends $22m Top Home sale

 

Motivated by Brisbane’s growth and sales of other homes in the area, Brisbane couple Drew and Tabea Haupt have decided to sell their New Farm home.

They bought the property at 64 Annie Street when they noticed it was for sale with development approval for a unit block.

“The for sale sign came up and my wife and I, and brother who we’re in business with, said let’s buy this and build two large family homes to keep in with the charm of New Farm,” Mr Haupt said.

“We hated the idea of having more units in the suburb, so we designed the house with family living in mind.”

The property, which is being marketed by Henry Hodge and Kosta Porfyriou of McGrath Estate Agents, is expected to attract offers in the early to mid $3 million range.

“If you compare it to Sydney and Melbourne, the proximity to the city, there’s no traffic — it’s such an amazing offering to have,” Mr Haupt said.

“It’s not until you travel around and see other cities that you realise how lucky we are to be able to have a big house, yard and pool so close to the city.

“I think New Farm is still undervalued signficantly …the change happening right now in Brisbane I beleive is a once in a lifetime, with likes of Howard Smith Wharves, Queens Wharf and the billions being spent on infrastructure.”

From Townsville to Toowoomba and Brisbane to Bundaberg, here are the biggest home sales of 2018:

TOP 20 RESIDENTIAL SALES OF 2018 IN BRISBANE

Address Sale price

1. 106 Virginia Ave, Hawthorne $11.129m

2. 27 Sutherland Ave, Ascot $11m

3. 33 Maxwell St, New Farm $8.5m

4. 36 Needham St, Fig Tree Pocket $7.5m

5. 1A Eldernell Tce, Hamilton $7.25m

6. 150 Adelaide Street East, Clayfield $7m

7. 5/81 Moray St, New Farm $6.5m

8. 8 Sentinel Court, Cleveland $5.25m

9. 17 Ningana St, Fig Tree Pocket $5.1m

10. 19 Lawes St, Hamilton $5m

11. 127 Laurel Ave, Chelmer $5m

12. 16 Scott St, Hawthorne $4.875m

13. 27 Sutton St, Chelmer $4.83m

14. 3501/140 Alice St, Brisbane City $4.5m

15. 58 Retreat St, Bridgeman Downs $4.42m

16. 32 Teneriffe Dr, Teneriffe $4.405m

17. 100 Oriel Rd, Clayfield $4.35m

18. 34 Satinwood Ct, Bardon $4.275m

19. 24 Ascot St, Ascot $4.25m

20. 405 Brisbane Corso, Yeronga $4.2m

(Source: CoreLogic)

$22m spends by Clive Palmer

 

TOP 20 SALES OF 2018 ON THE SUNSHINE COAST

Address Sale price

1. 21-23 Webb Rd, Sunshine Beach $18m

2. 46 Seaview Tce, Sunshine Beach $15.2m

3. 2 Belmore Tce, Sunshine Beach $14m

4. 5 Allambi Rise, Noosa Heads $11.2m

5. 11/37 Hastings St, Noosa Heads $7.2m

6. 17 The Esplanade, Sunshine Beach $6.25m

7. 4/63 River Esplanade, Mooloolaba $5.85m

8. 3/63 River Esplanade, Mooloolaba $5.58m

9. 52 Mossman Court, Noosa Heads $5.2m

10. 36 Seaview Tce, Sunshine Beach $5.2m

11. 29 Mooloolah Island, Minyama $5.15m

12. 1 Natasha Ave, Noosa Heads $5m

13. 15 Webb Rd, Sunshine Beach $5m

14. 42 Seaview Tce, Sunshine Beach $5m

15. 39 Wyuna Dr, Noosaville $4.85m

16. 15 Minyama Island, Minyama $4.6m

17. 63 Witta Circle, Noosa Heads $4.45m

18. 1001/87 Mooloolaba Esp, Mooloolaba $4.4m

19. 17/4 Quamby Plc, Noosa Heads $4.3m

20. 430 Sunrise Rd, Tinbeerwah $4.25m

(Source: CoreLogic)

Top Home Sale Property

This mansion at 21-23 Webb Rd, Sunshine Beach, sold for the highest price in Queensland in 2018.Source:Supplied

TOP 20 SALES OF 2018 ON THE GOLD COAST

Address Sale price

1. 9 Hedges Ave, Mermaid Beach $12m

2. 105 Hedges Ave, Mermaid Beach $11.6m

3. 3250/23 Ferny Ave, Surfers Paradise $9.5m

4. 8 Marseille Court, Bundall $9m

5. 31 The Corso, Surfers Paradise $8.8m

6. 2230 Arnold Palmer Dr, Hope Island $6.5m

7. 7001/4 The Esplanade, Surfers Paradise $6.5m

8. 2 First Ave, Broadbeach $6m

9. 57 Woodgees St, Currumbin $5.6m

10. 6/3533 Main Beach Pde, Main Beach $5.6m

11. 504 The Esplanade, Palm Beach $5.5m

12. 4/3565 Main Beach Pde, Main Beach $5.5m

13. 46 Knightsbridge Pde East, Paradise Pt $5.4m

14. 31 Buccaneer Ct, Surfers Paradise $5.3m

15. 150/59 Pacific St, Main Beach $5.3m

16. 16 Westminster Ct, Paradise Point $5.28m

17. 7 Knightsbridge Pde West, Paradise Pt $5.275m

18. 702/252 Hedges Ave, Mermaid Beach $5.25m

19. 50 Admiralty Dr, Surfers Paradise $5.2m

20. 2623 Virginia Dr, Hope Island $5.05m

(Source: CoreLogic)

Palmer Spends $22m in a property

TOP 10 SALES OF 2018 IN TOOWOOMBA

Address Sale price

1. 11 Old Toll Bar Rd, East Toowoomba $2.95m

2. 7 Bridge St, Mount Lofty $2.9m

3. 1 Mayes St, East Toowoomba $1.9m

4. 11 Bridge St, Mount Lofty $1.8m

5. 41 Campbell St, East Toowoomba $1.55m

6. 92 Campbell St, East Toowoomba $1.45m

7. 10 Spring St, Middle Ridge $1.35m

8. 2 Sinclair St, East Toowoomba $1.335m

9. 43 Curtis St, East Toowoomba $1.302m

10. 30 East St, Redwood $1.25m

(Source: CoreLogic)

Top sale home

 

The sale of this house at 11 Old Toll Bar Rd, East Toowoomba, was the biggest in Toowoomba in 2018.Source:Supplied

TOP 10 SALES OF 2018 IN CAIRNS

Address Sale price

1. 22 Brindabella Quay, Trinity Park $2.65m

2. 6 Kingfisher Close, Earlville $2.35m

3. 1402/141 Abbott St, Cairns City $2.35m

4. 7 Fig Tree Dr, Caravonica $2.1m

5. 70 Falcon St, Bayview Heights $1.8m

6. 81 Harbour Dr, Trinity Park $1.55m

7. 26 Brindabella Quay, Trinity Park $1.53m

8. 52 Kewarra St, Kewarra Beach $1.525m

9. 237 Taripla Plc, Trinity Beach $1.5m

10. 11 Marina Quay, Trinity Park $1.5m

(Source: CoreLogic)

Top Home Sale sold by CLive Palmer for $22m

This house at 22-24 Brindabella Quay, Trinity Park, was the biggest sale in Cairns in 2018.Source:Supplied

TOP 10 SALES OF 2018 IN TOWNSVILLE

Address Sale price

1. 9/88 Mitchell St, North Ward $2.7m

2$2,400,000Feb-18House5ARUNDELCOURTCASTLE HILL

3$2,000,000Jan-18House3THE POINTCASTLE HILL

4$1,900,000Mar-18House26CLEVELANDTERRACETOWNSVILLE CITY

5$1,750,000May-18House5FRYERSTREETNORTH WARD

6$1,450,000Aug-18House21BALMORALDRIVECASTLE HILL

7$1,400,000Apr-18House19THE COVENELLY BAY

8$1,350,000Feb-18House30YARRAWONGADRIVECASTLE HILL

9$1,200,000Sep-18Unit121CLEVELANDTERRACENORTH WARD

10$1,160,000May-18Unit114BALMORALDRIVECASTLE HILL

(Source: CoreLogic)

Property Top Sale

TOP 5 SALES OF 2018 IN MACKAY

Address Sale price

1. 49 Logan Cres, Erakala $1.4m

2$1,310,000Mar-18House58PALM RIDGEDRIVERICHMOND

3$1,200,000Aug-18House54ADMIRALDRIVEDOLPHIN HEADS

4$1,200,000Aug-18House22IAN WOODDRIVEDOLPHIN HEADS

5$1,089,000Aug-18House43MANGOAVENUEEIMEO

(Source: CoreLogic)

$22m spend by Clive Palmer for a top sale home property

This house at 49 Logan Cres, Erakala, was the most expensive home sold in Mackay in 2018.Source:Supplied

TOP 5 SALES OF 2018 IN ROCKHAMPTON

Address Sale price

1. 3 Athelstane St, The Range $1.37m

2$940,000Apr-18House5AATHELSTANESTREETTHE RANGE

3$870,000Oct-18House58SNEDDONROADLIMESTONE CREEK

4$865,000Mar-18House69BOONGARYROADGRACEMERE

5$860,000Feb-18House92ALBERTSTREETTHE RANGE

(Source: CoreLogic)

TOP 5 SALES OF 2018 IN GLADSTONE

Address Sale price

1. 13 Gibbons Ct, Agnes Water $1.125m

2$840,000Aug-18H11ORTONCOURTSEVENTEEN SEVENTY

3$800,000Jun-18H584CAPTAIN COOKDRIVESEVENTEEN SEVENTY

4$785,000May-18H7MALLARDCOURTSOUTH GLADSTONE

5$765,000Aug-18H543HADDOCKDRIVEO’CONNELL

(Source: CoreLogic)

$22m Top Sale Property

 

The sale of this property at 13 Gibbons Ct, Agnes Water, was the biggest sale in the Gladstone region in 2018.Source:Supplied

TOP 5 SALES OF 2018 IN BUNDABERG

Address Sale price

1. 24 Miller St, Bargara $1.45m

2$1,200,000Feb-18Unit513ESPLANADEBARGARA

3$1,000,000Jun-18House30THEODOLITE CREEKDRIVEWOODGATE

4$965,000Mar-18Unit50247ESPLANADEBARGARA

5$900,000Feb-18House193WOONGARRA SCENICDRIVEBARGARA

(Source: CoreLogic)

Cliver Palmer Spends on Top Sale Home Property

TOP 5 SALES OF 2018 IN FRASER COAST

Address Sale price

1. 17/558 Charlton Esp, Urangan $1.29m

2. 389 Oregan Creek Rd, Toogoom $1.25m

3. 107 Esplanade, Point Vernon $1.035m

4. 511/569 Charlton Esp, Urangan $950,000

5. 22 Neisler Ct, Kawungun $930,000

(Source: CoreLogic)

Property worth $22m spends by Clive Palmer

Originally published as Big spender Clive tops home sales

 

Source: brisbaneinvestor.com.au

Continue Reading

Market Place

Noosa property market: Its spectacular rise to the top of Australia’s best performing suburbs

Published

on

Australia’s best performing suburbs

Noosa has cemented its status as one of the nation’s most sought-after property markets, with new data revealing its apartments had the third-highest rate of capital growth of anywhere in Australia last year.

The median unit price in Noosa Heads skyrocketed 30.1 per cent to $745,000 in 2018, placing it third out of the 2522 suburb medians calculated in the latest Domain House Price Report.

The median house price in Noosa Heads grew by a massive 17.2 per cent, while neighbouring Sunshine Beach, which shares the Noosa Heads postcode, increased by 18.7 per cent.

The median price for a house in Noosa Heads is now $1.125 million, while Sunshine Beach is at $1.395 million.

In the context of Sydney and Melbourne’s declining property markets, Noosa and Sunshine Beach’s performances were particularly exceptional, local agent Tom Offermann said.

 

op of Australia’s best performing suburbs

“Noosa’s market has matured. It’s grown from being a speculative market 10 to 15 years ago, to a lifestyle market where property here is an integral part of people’s lives,” he said.

“It’s much more sustainable. If there are tough economic times people are less inclined to sell because their property has become that place where their families come together. It sounds dreamy but it’s the case.”

Mr Offermann said it was now common in Noosa for properties to stay in one family for generations.

“Many of our high-end properties, the owners won’t sell them. The common response is that the ‘family would kill us if we sold it’. It’s their reserved spot at Noosa and it’s special.”

One of Mr Offermann’s most significant sales in the lead-up to Christmas was at Le Mer on Hastings Street — an apartment building that has been tightly held and highly sought-after as one of Australia’s premier beachfront locations since it was built over 30 years ago.

spectacular rise to the top of Australia’s best performing suburbs

The three-bedroom, two-bathroom unit at No.5 sold within two weeks of being listed.

“There are still owners there who have been there since the beginning. I recall selling these apartments for $225,000 — now they’re in the $6 to $7 million range,” he said.

Mr Offermann said from a finance perspective, holding properties in the area made sense.

“On the Gold Coast, you can create real estate by selling air, with high-rise buildings. There’s no limit,” he said.

“Whereas we have the population cap and all the town planning policies, so what we’ve got is what we’ve got. Property here is finite.”

Australia's Top Performing Suburbs

Last year got off to a particularly heady start in Noosa, with its first residential sale over $10 million. There was also Pat Rafter’s beachfront mansion that sold for $15.2 million, followed two weeks later by the $18 million Sunshine Beach trophy home that set a new record for the Sunshine Coast.

The house at 21-23 Webb Road — a seven-bedroom, eight-bathroom beachfront estate — was one of the biggest real estate deals in Queensland in recent years.

Just days before Christmas, Mr Offermann settled the off-market sale of a new house on Noosa Hill overlooking Laguna Bay for over $10 million.

Australia's Market Top Suburbs

He said that momentum then carried over into January, and described the start to 2019 as “phenomenal”.

“We had $30 million in sales in two weeks,” he said.

“It’s been an explosive start to the year and, while January is often a good month for us, this year has been even stronger than previous Januarys.”

David Conolly of Century 21 Conolly Hay Group said Sunshine Beach had grown substantially in popularity with home owners due to its unique and prestigious location.

“Sunshine Beach is an east-facing surf beach, it’s got a village atmosphere, it’s so close to Noosa yet it’s still got a little bit of distance from the holiday situation of Hastings Street,” he said.

Australia's Best Suburbs

“Really, from Sunshine Beach all the way through to Peregian, demand has been so strong … it’s an area where people want to live rather than holiday.”

Mr Conolly said the likely reason why Noosa and Sunshine Beach’s median house prices were so high was the number of trophy homes sold last year, while overall demand in these areas had gone to a new level in recent years.

“They’ve been fantastic markets the last couple of years, there’s no doubt about it,” he said.

“Noosa has become a hub for people educating their children with lots of fantastic schools and people are living and working here for the lifestyle.”

 

Source: www.domain.com.au

Continue Reading

Market Place

Queensland Attracts UK Property Seekers

Published

on

Queensland Attracts UK Property Seekers

Research by realestate.com.au showed that searches for property in Queensland climbed by nearly a third in December compared to the same period in the previous year. This was driven largely by British people who are flocking to one of the most populous states in the country, according to a report by news.com.au.

The study found that property searches originating from the UK increased 31%, with the Sunshine Coast suburbs of Noosa Heads, Buderim and Mooloolaba as popular picks among potential buyers.

New Farm, Redcliffe and North Lakes, meanwhile, topped the list of the most in-demand suburbs in Brisbane.

Nerida Conisbee, Realestate.com.au chief economist, said Queensland, specifically its beachside properties, held the top spot in terms of total search activity among UK property seekers.

“The Hemsworth impact seems to be impacting the view of Byron Bay with this the most searched by UK property seekers in December 2018 — the number tripling from December 2017,” she said.

Universal Buyers Agents Director Darren Piper said that the chaos surrounding Brexit in Britain was enticing overseas buyers to explore the Australian property market.

“House prices in London have fallen for the fifth quarter in a row. It’s natural for investors to look for safe havens in times of uncertainty,” he said.

Australia’s property market has consistently grown over the past decade, with homes in Sydney, Brisbane and Melbourne reaching record prices.

“It’s the perfect time for people to get their foot in the door and it’s a great time as a homeowner to explore your options, maybe make a move or stay the course,” said Piper.

 

Source: brisbaneinvestor.com.au

Continue Reading

Make Your Super Work

smsf property investment smsf borrowing

Positive Cashflow Property

duplex designs, dual occupancy homes

Property Investment Advice

investment property calculator successin property

Trending