THE Queensland property market, particularly the southeast is tipped to finally have its moment in 2016.
While for the most part 2015 was a slow and steady year for the property market – some mining towns excluded – experts have tipped areas of the southeast as the ones to watch in 2016.
Cameron Kusher of CoreLogic RP Data said 2016 was likely to be a year of changed housing market conditions nationally.
He said there was already some evidence to suggest that value growth is picking up in southeast Queensland.
“In terms of southeast Queensland, if you focused on suburbs closer to the Brisbane River, CBD and the Gold Coast markets you’ll enjoy significant capital gain over the next few years,’’ he said.
“At the moment what we are seeing is reasonably strong value growth in the Sunshine Coast and the Gold Coast largely for houses as opposed to units and I think we will probably see that continue over the next 12 months.
“In Brisbane it tends to be the Brisbane Council area where we are seeing most of the growth, I expect again that will continue and maybe we will start to see a pick up in some of the outer more affordable housing markets largely on the back of fact that housing in the southeast corner of Queensland is so much more affordable than it is in Sydney and Melbourne.
“We might start to see some people looking to these markets especially now that we are getting some jobs growth in Queensland.’’
Century 21 Australia chairman Charles Tarbey believes Brisbane is posied for some nice steady growth in 2016.
“People in Sydney and Melbourne have gained a significant amount of equity in their properties, they are going to look to invest and they are not going to invest in Perth because it is still moving sideways, slightly downward and sideways.
“Adelaide has been stable for some time and there are certain parts of Adelaide where there was an oversupply.
“The only other place to buy because you are not going to buy an investment property too easily in a rising market like Sydney or Melbourne, is in Brisbane. Brisbane could get a little spurt because of the equity that Melbourne and Sydney property owners have gained.
“I think it is going to be a very steady market and you will find that Brisbane will get nice good quality growth.’’
LJ Hooker CEO, Grant Harrod, reckons the Gold Coast is an area to keep an eye on in 2016.
He said affordability, a falling Aussie dollar and the upcoming Commonwealth Games will make the Gold Coast the place to be for property value in 2016.
He predicts between five and ten per cent growth for the traditional tourist hub, as it takes the lead while Sydney and Melbourne flatten out.
“There is great buying in the Gold Coast and in southeast Queensland, from the border up to Brisbane,” Mr Harrod said. “The Commonwealth Games are coming up (in 2018) and there has been a lot of infrastructure investment such as the light rail and plans to increase the capacity at Coolangatta Airport.”
Mr Harrod pointed to renewed tourist interest on the back of the softening Aussie dollar as another winning factor.
“It’s a great tourist spot, not only for Asian tourists, but increasingly from people in the middle east,” he said.
Ray White Chairman Brian White also has the Gold Coast among the areas to grow in 2016.
He said Sydney’s eastern suburbs and Melbourne’s bayside suburbs would also do well.
He tipped Brisbane values to grow a very modest 2 per cent in 2016.
McGrath Real Estate CEO, John McGrath believes major growth in 2016 will come from both New South Wales regional areas and south east Queensland.
“Both have missed most of the price growth that Sydney and Melbourne enjoyed over the past few years and are therefore presenting very good value,’’ he said.
“I suspect both investors and sea changers will be eyeing off these markets.
Gateway to $3 billion, 4800 home new Coast city opens
THE gateway to Palmview’s $3b master-planned community of Harmony will become a reality on Monday.
AVID Property Group and Sunshine Coast Council’s Cr Rick Baberowski will officially open Peter Crosby Way, the northern access into the 378ha project to the south of Sippy Downs.
During the next 15 to 20 years Harmony will deliver more than 4800 homes for 12,000 future residents, all enhanced by 100ha of open space.
Harmony is also slated for the future delivery of a town centre offering 15,250sq m gross floor area.
AVID Property Group general manager Bruce Harper said the event would be a landmark day for development at Palmview.
“This is an exciting construction milestone as we officially open Peter Crosby Way – the gateway to Harmony,” Mr Harper said.
“The road’s name pays homage to the site’s Crosby family history and will service 12,000 future Harmony residents, as well as those in neighbouring communities.”
Sunshine Coast farmer Peter Crosby has been a land-owner since 1964 and has strong roots in the area.
Crosby Hill Road at Buderim is named after the family.
Mr Crosby has been operating a cattle farm on the land, and a cane farm in previous decades.
The road opening coincides with the start of construction on individual houses at the estate.
Work on display homes in the Harmony Display World is already well advanced with the 43 homes from a team of 25 national and local builder partners expected to open in the second half of this year.
Harmony’s first home buyer Daniel Clark said he was looking forward to construction commencing on his new home.
“It is very exciting to get out on site and see the construction progressing at Harmony,” Mr Clark said.
“Having downsized to a smaller sized block will mean less time spent on maintenance and more time for the important things in life.
“Harmony is the perfect location for me – right in the heart of the Sunshine Coast but also a short drive to Brisbane, meaning I can be close to both my daughters and grandchildren at Noosa and Albany Creek.
“I love that my block is so private and there will be lots of green, open spaces in the community.
“I was happy to learn that the development has become the first six leaf EnviroDevelopment masterplanned community in the South East.”
Queensland home builders, Stylemaster Homes, is set to deliver Mr Clark’s new four-bedroom, open plan home.
Originally Published: https://www.chinchillanews.com.au/
Housing shortage: 150 home inspections to jag a rental
JOHN Hunt thought he would be sleeping on the streets this week.
Mr Hunt has spent the past two months searching for a rental property after being told he would not be able to renew the lease at his Currimundi home.
As if finding an affordable rental on the Sunshine Coast is not hard enough, his house hunt was made even more difficult because he needs a residence that is wheelchair accessible and can accommodate his two companion dogs.
On the eve of eviction this week, he got a phone call that changed his Christmas.
“I got a house – that’s Christmas taken care of for me,” he said.
Mr Hunt will move this weekend to a rental at Beerwah which he can make wheelchair-friendly through the use of portable ramps.
He had been forced to look for somewhere else to live because his landlord required his current house for use by a relative.
He said he was fortunate that his letting agent, aware of his predicament, had allowed him enough leeway on vacating the property by the due date of Tuesday.
“I would have been out on the street,” he said.
On a disability pension, Mr Hunt is part of a group of people finding it increasingly difficult to rent on the Coast because their fixed incomes have not risen at the same rate as rents.
Mr Hunt estimated he looked at 150 houses over two months, of which about 20 were suitable.
He was critical of home owners and letting agents who seemed oblivious to the requirements of disabled potential tenants such as himself.
“It’s not the housing crisis, it’s people with no common sense – people sending me out to houses with stairs and houses I can’t fit into in a wheelchair, bathrooms I can’t fit into,” he said.
His house hunting gave him an insight into the shortage of affordable housing on the Sunshine Coast.
“It’s just so scary. Some of the people I talked to were living in their cars. Something needs to be done. People need to know about it, I think,” he said.
Originally Published: http://m.sunshinecoastdaily.com.au/
Sunshine Beach property breaks real estate record
A SUNSHINE Beach mansion sold for a cool $9.3 million has smashed a Queensland real estate record.
The sale of the Webb Rd beachfront beauty now claims the highest property sale in the state outside of Brisbane.
Noosa real estate agency Tom Offermann oversaw the multi-million dollar exchange and principal Tom Offerman said the 1460m2 property is worth every penny.
“It’s a record price, but I think it’s worth every dollar when you consider it’s a once only payment for enjoyment in perpetuity, and the value will only escalate over time,” Mr Offermann said.
“It really only hits you how wonderful the property is when standing on the lawn overlooking the surf.
“It’s the highest Queensland sale of its type outside Brisbane and sets a new benchmark for lifestyle property.”
The five bedroom, four bathroom property overlooks a panaromic ocean view of Sunshine Beach, with a lush tropical backyard garden fringing a lagoon-style pool and a lawn that seamlessly meets the white sand.
The home boasts “party-sized” balconies and terraces, open spacious interiors, and is a two-minute stroll to a shopping village and 4km to chic Hastings St.
Webb Rd is a short cul-de-sac and contains just four beachfront houses in total
Mr Offermann said the previous owners lived there since 1984, and have “downsized” from the property to another house in the same area.
Mr Offermann would not comment on the buyer’s identity or intentions for the property, however did make note of the number of celebrities that often make Sunshine Beach their home.
“One of the real joys of our business is the people we have the privilege to meet. It’s amazing who can walk into our offices: rock stars, movies stars, sports stars, corporate captains, celebrities, billionaires, you name it,” he said.
“I remember one day we met the Incredible Hulk, Bill Bixby, in our office, and then bumped into Rod Stewart getting a sandwich next door.
“While Noosa’s drawcard is its natural environment, amenable climate, and lifestyle, I hear a lot of people saying they love it because all the people seem so relaxed and pleasant.”
Tom Offermann handles most of the prestigious sales in Noosa and currently has seven of the eight available beachfront houses listed, starting at $5.95 million.
Mr Offermann said he remembers overseeing the first million dollar sale for a Sunshine Beach property in the late 1980s.
“I recall negotiating the first million dollar sale for a Sunshine Beach house in 1987 when a lot of people considered it a ridiculous price,” Mr Offermann said.
“Demonstrating how the value of prime location, we sold it again a couple of years ago for over $7 million.
“Records will continue to be smashed because they are just not making any more of it and people, who can afford it, will want it.”
Original article published at www.theurbandeveloper.com by Staff Writer 21/9/16
Market Place2 years ago
REVEALED: The truth behind Old Woman Island
Market Place1 year ago
Record-breaking $22 million trophy home sells on the Sunshine Coast
Market Place1 year ago
Queensland’s property flipping hotspots rise as profits roll in
Developments2 years ago
Aura To Build Retirement Development In Maroochydore
Developments1 year ago
Sunshine Coast’s Newest Town Centre Approved for Development
Infrastructure1 year ago
Fast Rail from Brisbane to Sunshine Coast Could Become a Reality
Opinion9 months ago
Australia’s best place to invest is here in Queensland
Opinion8 months ago
Experts warn of ‘debt bomb’ as housing downturn worsens