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‘Peak’ development: Coast is finally getting enough housing

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sunshine coast market place

THE COAST is beginning to take shape as the prosperous metropolis envisioned by the region’s leaders.

A new report released today by BIS Oxford Economics says property development on the Sunshine Coast had peaked, with supply and demand now balanced.

Combined Chambers Alliance Sunshine Coast president Michael Shadforth said all tiers of government were working on developing the Coast to reach its full potential.

“The Coast we are seeing today is a really good example of visioning in place,” Mr Shadforth said.

“Over the last decade the region has gone through a tough time but our smart, sustainable and healthy region is really starting to show.”

The report, which looks at projections for residential development out to 2022, indicates surging demand for land has been catered for.

“I think the report shows a softening in supply as developers are gearing up to do more in the next 12 to 18 months,” Mr Shadforth said.

“Developers are reading the markets very well. I think we are only just starting to get on the radar of people looking to move their business and families here.”

Senior manager and report author at BIS Oxford Economics, Angie Zigomanis, said although the Coast would see an easing off in property development, the outlook for the market remained positive.

“There will be a slight downturn in development as demand softens but the market will remain healthy.”

Sunshine Coast Mayor Mark Jamieson was not available for comment.

However, a Sunshine Coast Council spokesman said the Coast’s construction boom over the past 12 months was part of the overall plan.

“The Sunshine Coast is one of the fastest-growing regions in Australia,” the spokesman said.

“Through the SEQ Regional Plan, the State Government has guided how council will accommodate our population, which will reach over 500,000 by 2041.

“Our council consistently aims to maintain our lifestyle advantages and the distinctive character of the communities that make up our region.”

Originally Published: www.sunshinecoastdaily.com.au

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

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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

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

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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

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Queensland Attracts UK Property Seekers

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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

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