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Go eco and watch your house soar in value

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Go eco and watch your house soar in value

SOARING electricity prices have changed the way property seekers look at homes.

New research showed properties with sustainable features such as solar panels, battery packs and rainwater tanks have been selling faster and at higher prices than homes without the eco-friendly features.

The typical difference in sales price was 10 per cent higher, while the sustainable homes also took about 13 days quicker to sell, according to the study by property group PRDnationwide.

PRD nationwide national research manager Diaswati Mardiasmo said sustainable buildings were outperforming more traditional housing in a number of categories.

“When people are aware of the savings sustainable homes have, it is easier for them to decide if they want a house, particularly when they know the benefits they bring or not having to worry about the cost of installing them later,” Dr Mardiasmo said.

Part of the appeal of a home with sustainable features was the potential utility bill savings and the promise of lower maintenance costs over time, Dr Mardiasmo added.

“Things like solar panels add value to a home,” she said.

“People realise that they can save money on energy bills or electricity, which is alluring when bills keep going up, so people think ‘if I have to pay more now I will come out on top in the long run’.”

Go eco and watch your house soar in value
Mark Kestle and Logan Rae from 4Seasons Home Insulation installing insulation in Sylvania Picture: Richard Dobson

Additional research from comparison site Finder.com.au reported that 33 per cent of buyers would pay more for a property with solar panels.

Solar panels were the fourth most sought after feature, according to the research, with only airconditioning, a garage and a backyard more desired.

Development company Metricon has also reported an uptake in customers trying to beat the rising costs of running a home.

Metricon Homes NSW general manager Luke Fryer said the majority of buyers who were building their homes wanted to install sustainable features that would help them manage their living costs down the line.

“Since October last year over 70 per cent of our Designer and Signature by Metricon customers have chosen to build smart technology into their homes,” Mr Fryer said.

Go eco and watch your house soar in value
Metricon is offering new homes the ability to install the Tesla Powerwall 2 home battery,allow customers to enjoy the lifestyle luxuries of sustainable and cost-saving energy.

Metricon has partnered with a number of smart energy suppliers.

Products it has introduced into new builds have included the Bradford ChargePack, which comes with solar panels. The Tesla Powerwall has also proved popular with its clients as it allows homeowners to store power for later use.

Bradford Energy business manager Ashleigh O’Brien said part of the increased uptake in sustainable technologies was due to the costs going down. Solar panels and batteries, in particular, were now more affordable than they were the past, she said.

“It used to take eight or nine years before you would see any return on your investment. Nowadays it is only three to four years,” Ms O’Brien said.

By combining solar panels and a battery such as the Tesla Powerwall, Ms O’Brien said bills became almost non-existent.

“We find that people have (more) peace of mind with a battery and solar panels, particularly as 80 to 90 per cent of their energy bills are offset by the sun, meaning they pay very little on power,” she said.

Go eco and watch your house soar in value
Integrated solar panels by Noluk are available for customers, offering a new take on the traditional roof solar panels.

Ms O’Brien said the technologies were allowing families to be eco savvy while not worrying about their quarterly power bill.

“Families can look at their smart app and it shows them how much energy they’re using and how much they have left on their battery,” Ms O’Brien said. “This allows them to use the airconditioner or dryer without bill shock or worrying about the cost down the track.”

With the cost of batteries coming down, Ms O’Brien said it made sense for families to have them installed alongside solar panels.

“When families aren’t at home during the day, the battery allows them to store (energy) and use it when they (return),” she said.

Go eco and watch your house soar in value
This Lane Cover townhouse delivers an eco-friendly lifestyle with a 6.5 star rating and sold prior to auction after 23 days on the market.

Go eco and watch your house soar in value
This Lane Cover townhouse delivers an eco-friendly lifestyle with a 6.5 star rating and sold prior to auction after 23 days on the market.

Source: www.sunshinecoastdaily.com.au

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Opinion

Queensland is the next property hotspot, experts say

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Queensland is the next property hotspot, experts say

As New South Wales and Victoria continue to experience weakness. Queensland is expected to take the lead, a National Australia Bank (NAB) poll of property professionals revealed.

According to the survey, industry experts project house prices in Queensland to increase by 0.7% next year and 1.3% in two years.

Some areas seen to perform strongly over the next year include Brisbane, Cairns, the Gold Coast, and the Sunshine Coast. Out of the suburbs, Coomera and New Farm are expected to realize robust gains.

Meanwhile, Queensland’s rental market is also poised to enjoy an upward boost, growing by 1.3% next year and 1.9% in two years. This is despite the stricter rules on housing investment.

The respondents of the survey also expect Queensland to retain foreign buyer interest. In fact, the share of foreign sales hit a four-year high of 22.8% over the previous quarter.

The results of the survey go against NAB’s own projection of the market. For instance, the bank expects house prices to remain flat in Brisbane over the next three years. Unit prices, on the other hand, is seen to fall by 4.5% over the next year.

NAB chief economist Alan Oster said Brisbane’s housing market seemed to be going sideways and its unit market still creates concern.

“It hasn’t peaked yet, so that’s good. We’re seeing quite strong economic activity in Queensland, so that always helps,” Oster said, as quoted by The Courier-Mail.

Source: brisbaneinvestor.com.au

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Opinion

Gold Coast house values record the biggest growth in Queensland

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Gold Coast house values record the biggest growth in Queensland

The Gold Coast has recorded the strongest growth in house prices in Queensland over the past 12 months.

GOLD Coast house prices are leading the way in Queensland, up six per cent in the past 12 months to an average $620,000.

The latest figures by the Real Estate Institute of Queensland show homes on the Glitter Strip are $35,000 more on the same time last year.

Unit prices are up 1.9 per cent to $428,000.

Gold Coast house values record the biggest growth in Queensland
REIQ data reveals houses on the Glitter Strip are worth $35,000 on the same time last year.

REIQ’s Queensland Market Monitor for March said the strong population growth came on the back of infrastructure projects such as the $550 million Gold Coast Health and Knowledge Precinct and M1 upgrades.

“The property market has been one of the big winners from the sporting event as the $1.5 billion infrastructure investment has boosted confidence and demand for housing in the region,” the report stated.

“We expect house prices will show an upward path in 2018. However, this growth will most likely be more moderate.”

A quiet real estate period leading up to, and during, the Commonwealth Games likely contributed to a slight drop (-0.3 per cent) in the March quarterly median sales price, the report reveals.

Gold Coast house values record the biggest growth in Queensland
Andrew Henderson says a growing population and employment opportunities were contributing to a strong property market. Picture: Jerad Williams

REIQ Gold Coast zone chairman Andrew Henderson said he expected interstate migration to continue to benefit the city.

“I expect the market to remain strong,” he said.

“There is a heavy amount of interstate buyers moving here.

“I was at an auction recently where the winning bidder was from Sydney and the underbidder was from Melbourne.”

Mr Henderson said growing employment opportunities were also attracting homebuyers to the city.

Gold Coast house values record the biggest growth in Queensland
The Gold Coast property market is expected to remain strong.

“We have some of the best health facilities in the country and our universities are world recognised.

“Those two things alone complement the tourism industry and the lifestyle aspects that the Coast offers.”

The report found the fastest-selling suburbs on the Coast included Worongary, Merrimac, Highland Park, Mudgeeraba and Carrara.

It also revealed the rental vacancy held tight throughout the first quarter of the year at 1.1 per cent.

Gold Coast house values record the biggest growth in Queensland
Andrew Bell says the Coast had evolved from a tourist town into a vibrant city with an expanding economy. Picture Mike Batterham

Ray White Surfers Paradise Group CEO Andrew Bell said the Games heralded the next chapter for the Coast, as it evolved from a tourist town into a vibrant city with an expanding economy.

“The city’s property market is riding the irreversible momentum that has now come to the Gold Coast in terms of economic diversity and with more employment options we will need more housing options for people,” Mr Bell said.

“We are no longer going to be subject to tourism upsides and downsides as we were in the past because our economy has well and truly diversified beyond just tourism.”

Source: brisbaneinvestor.com.au

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Opinion

Australia’s golden triangle of opportunity

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Australia's golden triangle of opportunity

It was great to be back on the Gold Coast for the 21st annual Australasian Real Estate Conference (AREC), attended by over 4,000 of Australia’s best industry professionals.  While I was there I was once again reminded of how much potential the South-East Queensland property market is offering both sea changers and investors at this stage in its market cycle.

In my view, Brisbane is the best market in Australia currently for short to medium term price growth, with the value gap between it and the other big East Coast capitals as large as I’ve seen it in many years.

When you factor in the key drivers for future growth – liveability, affordability, scale and future economic prospects, they all suggest that Brisbane is a market to invest in.  Check out the latest statistics from CoreLogic below.

Value gap – median house prices 

Brisbane $536,286

Melbourne $821,006

Sydney $1,019,093

Value gap – median apartment prices

Brisbane $385,121

Melbourne $573,673

Sydney $749,765

I’ve been bullish on Brisbane for many years and in hindsight, I called its next growth phase a couple of years too early. It’s had some growth in recent years but there is a lot more to come over the next few years.

According to McGrath’s top prestige agent in Brisbane, Alex Jordan, one of the dominant trends today is downsizers buying up luxury apartments.

Alex says: “Despite the reported oversupply in Brisbane’s inner city apartment market, we are seeing great strength in the prestige apartment sector.

“The luxury apartment market ($1M+) is driven by owner occupiers, particularly baby boomers and empty nesters, who are attracted to less maintenance and better accessibility.

“Popular suburbs include New Farm, Newstead, Teneriffe, Kangaroo Point, South Brisbane, St Lucia, Paddington and the Brisbane CBD. These areas offer a desirable lifestyle with an abundance of shopping, dining and entertaining precincts at their doorstep.”

South East Queensland has so many options for asset-rich, cash-poor southerners. Many of our customers in Sydney and Melbourne are looking closely at South East Queensland both for investment and a potential sea change. I believe its affordability will continue to attract record levels of interstate migration.

If you live in Sydney or Melbourne and you’re struggling with the mortgage and cost of living, Brisbane is a fantastic alternative. It offers big city job opportunities, high quality education options and the chance to transform your financial future.

The boom delivered Sydney and Melbourne home owners a capital gain of up to 75% – that’s enormous new equity that could be cashed in to fund an amazing new lifestyle with far less mortgage stress up north. Plus, you’d be buying in just before Brisbane’s next wave of price growth. It’s the perfect scenario.

I believe the area from the Gold Coast to Toowoomba and up to the Sunshine Coast is Australia’s golden triangle right now.

Toowoomba, with its expanded airport facilities which have opened up easy access to the south, is the perfect and affordable treechange destination. Known as Queensland’s Garden City, about 2,300 people moved here from Brisbane last year for its cheaper house prices and enjoyable regional city lifestyle.

Both the Gold Coast and Sunshine Coast are also appealing sea change options benefitting from a raft of new infrastructure that will drive further population growth and generate more local jobs.

Brisbane is one of the world’s great cities but I don’t think this is fully realised as yet. If you haven’t been to Brisbane for a number of years, get on a plane. This is a thriving city that offers many of the lifestyle amenities you love about the southern capitals but at a much cheaper price.

I think Brisbane will also become very attractive to migration and investment from Asia in the years ahead.

South East Queensland is offering opportunity everywhere for both owner occupiers and investors alike. Now’s the time to consider what Australia’s premier lifestyle market can do for you!

Source: brisbaneinvestor.com.au

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