THE Gold Coast and Sunshine Coast property markets are making a comeback. Check out some of the amazing listings.
THERE are plenty of amazing coastal properties to choose from on the market at the moment, particularly if you’ve got plenty to spend.
The Gold Coast is renowned for having some of the most amazing beachfront and waterfront homes on offer.
One of the most impressive listings is a seven-bedroom home at 7-13 King Arthurs Court, Sovereign Islands.
The home, known as Château de Rêves is on a 3070 sqm absolute waterfront site at Sovereign Islands. It has 85 metre of water frontage and uninterrupted views of the Gold Coast broadwater and skyline.
The home was built in 2001 and also has two studies, two kitchens and staff quarters.
The internal finishes were imported from around the world and include Venetian Murano glass, an Italian imported timber balustrade and Botticino marble floors.
A main staircase was designed and manufactured in Italy and shipped in one piece. It is listed by Vivian Yu and Paul Arthur of Queensland Sotheby’s International Realty.
Also impressive is an incredible seven-bedroom home at 2585 Gracemere Circuit North, Hope Island.
The house, which is known as Sails, has 176 metres of water frontage and is guarded by marble lion sentinels.
Inside the double-height foyers is s Versace inspired water feature. The home was designed with curves and extensive balconies to simulate the sensation of sailing on an ocean liner.
There are gold swan taps n the bathrooms, Swarovski crystal chandeliers, and a self-contained penthouse apartment with a balcony which its listing describes as “big enough to land a helicopter’’.
The block has deep water frontage and a protected mooring for a 160-foot vessel.
It is listed through Douglas Hoang and Claire Dai of The Venetian Real Estate – Surfers Paradise.
Another amazing home listed for sale on the Gold Coast is at 3-7 Sir Lancelot Close, Sovereign Islands.
The seven-bedroom, Mediterranean inspired, waterfront mansion has views to Stradroke Island and Surfers Paradise.
The home has private guest accommodation and secure parking for up to 15 cars including basement parking.
It has 55 metres of water frontage and formal and informal living spaces.
The outdoor dining area has a Teppanyaki barbecue and there is a 25 metre swimming pool, gym and steam room, plus a yoga studio and meditation/massage room.
It is listed through Lisa Halpin of Savills – Gold Coast.
On the Sunshine Coast at home at 46 Seaview Tce, has 7 bedrooms, five bathrooms and an asking price of more than $18 million.
The beachfront home which is owned by former Australian tennis champ, Pat Rafter, is at the northern end of Sunshine Beach. It is on 1286sq m of land with its own landscaped path to the beach.
The open plan home has extensive decking, an infinity-edge pool and ocean views.
There is also a fireplace.and storage for surfboards.
Also on the Sunshine Coast a five-bedroom home at 9 Kiamba Court is listed for $4.75 million.
The home, known as Cloudbank, is also at the northern end of Sunshine Beach.
It has large balconies and views over the beach. The home is fitted out with plenty of new technology including a 360 degree rotating view television, SONOS entertainment control system that can be controlled with a smart phone, in-built speakers, ducted airconditioning, ducted vacuum and motorised awnings.
The kitchen has a built in cold room and there are vegetable gardens, multiple storage areas and parking for four cars.
It is listed through Jesse Stowers of Tom Offermann Real Estate – Noosa Heads.
Originally published: www.goldcoastinvestor.com.au
Home in blue-chip street sells for $4.1 million
Queensland’s population hits 5 million people today
Queensland’s population has tipped the 5 million mark today, Premier Annastacia Palaszczuk has told State Parliament.
Ms Palaszczuk said several expectant families were on standby to welcome the state’s five-millionth resident.
“Somewhere today a brand new mum and dad will be eager to meet their new arrival,” she told the house.
“The whole family will want to know: is it a boy or is it a girl? And the doctor will say, ‘congratulations, it’s a Queenslander’.”
Ms Palaszczuk said the two main drivers of the increase were migration growth, particularly from New South Wales, and from 60,000 babies being born in the past year.
PHOTO: The state’s five-millionth resident was born today.(ABC North Queensland: Nathalie Fernbach)
“Overseas and interstate migration is up by 50,000 people in the past year, 19,000 came from interstate … more than 12,000, or 230 a week, move from New South Wales to Queensland,” she said.
ABS data also revealed the fastest and largest-growing area in Queensland in 2016-17 was Pimpama on the Gold Coast, which grew by 3,000 people.
Large growth also occurred in Jimboomba on Brisbane’s south side and in North Lakes — a suburb north of the city — which both increased by 2,100 people.
Coomera on the Gold Coast and Springfield Lakes in Ipswich also experienced large growth up 1,400 people.
The State Government’s population counter gives a “synthetic estimate” of the number of current Queenslanders, assuming a total population increase of one person every 6 minutes and 22 seconds.
Earlier this year the Australian Bureau of Statistics (ABS) said Queensland’s population was growing at 1.7 per cent and was projected to tick over to 5 million in May.
ABS data released in March also revealed Brisbane was one of the country’s fastest-growing cities and had increased by 48,000 in 2017, hitting 2.4 million people.
ABS demography director Anthony Grubb said the state’s population had “come a long way” in the last century.
“In 1901 the population was half a million; a tenth of what it is today… it took 37 years to hit the 1 million milestone in 1938 and another 36 years to reach 2 million in 1974,” he said.
But Mr Grubb said population growth “picked up the pace” after that, taking just 18 years to reach 3 million then only another 14 years to hit 4 million in 2006.
Queensland could be leading growth state in future
Population demographer Dr Elin Charles-Edwards said although Queensland is not currently the fastest growing state, it is possible it could top the leader board later down the track.
‘Not in the short-term, but Queensland is coming up off a relatively subdued growth so perhaps we might be entering an era of more rapid growth,” she said.
Dr Charles-Edwards said the challenges that generally come with increased population could be managed in Queensland.
“As long as we keep up and don’t take our eye off the ball we can continue to absorb quite high levels of growth… but really it’s keeping up with the infrastructure that’s the key challenge,” she said.
Dr Charles-Edwards said it was important to note some parts of the state, particularly in western Queensland, were experiencing population decline.
“While the south-east corner is growing and also many Indigenous communities are growing, other parts of the state are shrinking,” she said.
“Perhaps we could do more to encourage people to move outside the south-east corner.
“If we were able to work out some way to decentralise our population, growth a little bit further up into the northern regional centres, I think that would benefit the growth of south-east Queensland.”
APRA to end cap on property investor loan growth
APRA is removing the 10 per cent ‘speed limit’ on investor loan growth.
Photo: Louise Kennerley
The banking regulator is axing a 10 per cent speed limit on bank lending to property investors, saying the cap has served its purpose and improved credit standards.
With Sydney house prices falling and credit growth slowing, the Australian Prudential Regulation Authority on Thursday said it would remove the cap for bank boards that could prove they had been following its guidelines on prudent lending.
In late 2014, amid a surge in borrowing by property investors and rapid house price growth, APRA took the rare step of setting a 10 per cent limit on the annual growth in banks’ housing investor loan portfolios.
The measure has rocked the mortgage market in recent years, prompting banks to jack up interest rates for housing investors, and demand borrowers stump up bigger deposits.
But on Thursday, APRA chairman Wayne Byres said it was prepared to remove the measure because there had been an improvement in lending standards and a slowdown in credit growth.
“The temporary benchmark on investor loan growth has served its purpose. Lending growth has moderated, standards have been lifted and oversight has improved,” Mr Byres
Even so, the regulator will retain a separate 2017 policy that requires banks to limit their new interest-only lending to less than 30 per cent of all new home loan approvals.
APRA also said there was “more to do” in improving other aspects of banks’ lending, including how they assessed borrowers’ expenses, their existing debts, and the approval of loans that fell outside of banks’ formal lending policies.
APRA said it expected banks to introduce limits on the proportion of new lending that could be done at “very high” debt-to-income levels.
“In the current environment, APRA supervisors will continue to closely monitor any changes in lending standards,” Mr Byres said.
“The benchmark on interest-only lending will also continue to apply. APRA will consider the need for further changes to its approach as conditions evolve, in consultation with the other members of the Council of Financial Regulators.”
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