Month: October 2020

  • There are great pockets of value in the market you just need to know where to look

    first_img5 Countess St, sold for $197,000. Picture: the back half of May I have been as busy as a one legged tap dancer.It seems like everyone has waited until after the April public holiday feast to start their auctions. In the last two weeks of the month, I will call 70 auctions.I am still seeing great pockets of value in the market, but it’s not always in the places people are looking.In fact, it’s because people aren’t looking there that the value exists.The cheapest I’ve seen so far has been $197,000 for a house at 5 Countess St, Eastern Heights, at the Ray White Ipswich auctions last Friday.A quick snapshot for those looking for value, we are talking about a 759 sqm block, a zoning that is favourable to townhouses and close to local schools.The bidding opened at about $100,000 and most of the five registered bidders battled it out before the property sold under the hammer.Ipswich is still offering great value and from my conversations with Deanne Ramsay from Ray White Ipswich the vacancy rate is low and there are active tenants in the market.Around the inner city of Brisbane there have been some great sales too.I sold a beautifully renovated home at 122 Alexandra Rd, Clayfield. Presented to perfection. The home offered an amazing open plan which spilled effortlessly out to the outdoor area where it looked like they’d taken a hair brush to the blades of grass!More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoA massive crowd was in attendance with three bidders battling it out and the property sold under the hammer for $1.75 million.122 Alexandra Rd, Clayfield sold under the hammer.The sub $2 million market for a finished home in the sought after Brisbane inner city is also faring quite well. This is mainly because inner city unrenovated houses are hotter than a seatbelt in summer. Build costs for high end properties are getting quoted at $3000 per metre and when you add those prices together it’s cheaper to buy than build.However, it’s the $2 million plus market that I think is offering some value. The prestige market started to show some green shoots early this year with some high end thumpers selling and record prices being reported. But that market is best described as warm as opposed to hot.I still feel this is where a lot of value exists in the market. $2 million is such a psychological benchmark for buyers and sellers. Once you get past it as a buyer the competition thins out dramatically.Value in a market comes from finding the places where competition doesn’t exist.Value in the market comes from finding places where there is little competition, according to auctioneer Haesley Cush.Real estate is largely a confidence game and competition breeds confidence. It’s the well researched buyers who make offers in the absence of competition that tend to find the best buys. The risk when making a low offer or bid on a property is that the owner will take it, so at a fair price there’s no risk. If they won’t it’s a simple ‘no’. If they will, then you are rewarded for your tenacity. It doesn’t sound that risky to me!I hear people complain regularly about the cost of housing, but have they really looked? Are they informed and are they making offers? If the answer is no, then they need to hold their tongue, work out their budget and what they want. Then head out to the areas that meet their requirements, not the reported hot spots or places they are familiar with. They might be surprised where they end up and what they end up with.last_img read more

  • Tinkler’s Brisbane land sold for bargain by receivers

    first_imgNathan Tinkler has seen receivers sell off multiple properties. Picture: John GraingerJUST when you thought you’d heard the last of Nathan Tinkler, he pops up again. Receivers have just sold another one of his myriad of properties, a bargain buy at less than 40 per cent of the price that Mr Tinkler paid almost a decade ago.The massive 4 hectare block of land is beside his former mansion in Pullenvale.Mr Tinkler had bought the land for $2 million in February 2008, just before the Global Financial Crisis began to wreak havoc on the Australian economy.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoThe property at Grandview Road, Pullenvale, QLD The block is beside Mr Tinkler’s sprawling former home.He had been trying to sell the block since February 2010 and was forced into dropping his price to $1.75m in August 2011. When receivers Shaun McKinnon and Said Jahani of Grant Thornton seized the property last year, they tried unsuccessfully to sell it off at auction, before putting a price of $975,000 on it in September. Five months later Grant Thornton dropped the price by $180,000 to $795,000.It went under offer in March and was listed as having sold on April 28 but market updates have not revealed whether the price was forced down even further before closure.last_img read more

  • Surfers Paradise beachfront apartments proving popular

    first_imgMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North7 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago30/20 Old Burleigh Rd, Surfers Paradise.“These two recent properties within The Penthouses were both on the market for under 14 days before being snapped up for premium prices,” Mr Stevens said.The Penthouses, on Old Burleigh Rd, is a beachfront tower of 54 apartments.“I believe the confidence and desirability in securing a property within this area is being fuelled by the exciting billion dollar Jewel development,” Mr Stevens said.“Development and a lot of interstate investors are predicting this area to be the new spot and a safe investment for growth over the next three to five years.”He said he had a waiting list of interstate investors eager to buy in Surfers Paradise. The view from 30/20 Old Burleigh Rd, Surfers Paradise. This property sold for $970,000.BUYERS are snapping up luxury apartments in Surfers Paradise with two residences in The Penthouses selling for “premium prices”.Harcourts Coastal agent Tolemy Stevens negotiated the sales of apartment 30 and apartment 42 — they sold for $970,000 and $900,000 respectively. 42/20 Old Burleigh Rd, Surfers Paradise.last_img read more

  • Modern classic a winner in popular Yeronga

    first_imgThe living and dining areas at 45 Orsova Rd, Yeronga.Mrs Tavakol said it was like speaking about their baby when they described the house.“We talk about it like proud parents, we love the house.’’The home is on a 731sq m block.Entry is through large double doors into 584sq m of living space under the one roof.There are formal sitting and dining areas and outdoors is a solar heated pool and grassed area. The home at 45 Orsova Rd, Yeronga.As a result he said the attention to detail was high.“He was very careful,’’ Mr Tavakol said.“At the time, it was cutting edge architecture, we wanted a very modern house.’’Mrs Tavakol said her favourite part of the home was the kitchen.“Definitely the kitchen, I like to cook and it is a magic kitchen,” she said.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“I asked for a big kitchen and I got it.’’ The award-winning kitchen at 45 Orsova Rd, Yeronga.The kitchen was entered into the HIA awards and won Kitchen of the Year. Mr Tavakol loves the pool area the most.“We built it and I had a lot of input into it myself.’’He said the thing they loved about the suburb was its ease of access to all different parts of Brisbane whether it was the city or the freeway. The floorplan of 45 Orsova Rd, Yeronga. The home at 45 Orsova Rd, Yeronga.STEVE and Fara Tavakol love their Yeronga home so much their dream would be to pick it up and transport it to a site along the river in the same suburb.But because that isn’t possible they are reluctantly selling to pursue their dream of living on the river at Yeronga.Mr Tavakol said they bought the property at 45 Orsova Rd, in 2006 and demolished a house on the site before building their dream home.They had an architect design the home and Mr Tavakol’s brother, a luxury home builder from the Gold Coast built it for them.last_img read more

  • $170M project at Robina gets sense savvy with a new open-air gallery

    first_imgVue Terrace Homes at Robina, now has an open-air gallery where you can listen to running water, enjoy the natural scents of the flowering shrubs and see the landscaping.TAKING the display home concept one step further, Robina Group have launched an open-air gallery at its $170 million Vue Terrace Homes development on the Gold Coast.The gallery walk, a vision brought to fruition by landscape architect specialists, Planit Consulting, enables potential buyers to see, feel, listen and smell their way through the new community.The walk will give a glimpse into the community’s features such as landscaping, private courtyards, the pool and water feature that are part of the central recreation area.Vue Terrace Homes open-air gallery“It is refreshing to see a developer dedicated to not only showcasing the design, interiors and architecture of a project, but the landscaped physical environment that compliments it,” Planit Consulting director Boyd Sargeant said.New developments: Search for apartments“Visitors can walk through the open-air gallery and get a glimpse of the surrounding natural environment — they can see the lush landscaping and views, touch and listen to running water and enjoy the natural scents of flowering shrubs and vines.“The open-air gallery will summarise the landscape treatments of the community through a themed walkway that displays the varying open spaces of the development.”More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoVue Terrace Homes open-air galleryThe gallery has an ascent to a five metre high viewing deck, offering panoramic views of the city skyline, representing the outlook that many of the two-storey terrace homes will have.Vue Terrace Homes is the single largest residential project undertaken by the Robina Group, a company that has been developing Robina for nearly 40 years.The development has already posted $35 million in off-the-plan sales, with 80 per cent of stage one sold and early site preparation and civil works now underway.Robina Group sales manager Azura Griffen said the open-air landscape gallery elevated the buyers experience of the project to an exciting new level.“As well as having furnished display homes for our visitors to walk through, we wanted to capture what it will actually feel like to live in the community,” Mr Griffen said.Vue Terrace Homes open-air gallery“The integration between the central relaxation zones and the surrounding parklands, and the uninterrupted skyline and water vistas, which residents will enjoy, are key attributes for this project that we wanted to capture.”Stage one of Vue Terrace Homes has 71 three-bedroom two storey homes from $599,000. Each home has a flexible design, European appliances, high quality finishes and NBN capability.The community is in the heart of Robina, close to the Robina Town Centre, schools, restaurants and prestige brand outlets.last_img read more

  • Bidders fought it out in $1000 lots to secure this Windsor house, blowing way past its reserve

    first_img64 Cartwright St, Windsor. Picture: Webster said once bidding reached $650,000 it came down to two parties who were very keen to secure the home.“It just went at $1000 a bid and just kept on going up,’’ he said.The eventual buyer, Mr Webster said, was a young man who intended to finish the renovations and live in it. 64 Cartwright St, Windsor. Picture: said the owner was moving into an aged car facility, so the family were keen on a good sale price which would ensure costs could be covered.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by Mr Webster said seven bidders registered for the auction.He believed many were keen because of the large block of land, 1148sq m, and that the former owner had started a renovation and already completed some of the major tasks including raising the house. 64 Cartwright St, Windsor. Picture: fought it out in $1000 increments to secure this Windsor house, blowing tens of thousands of dollar past its reserve.The home at 64 Cartwright St, ended up selling under the hammer for $693,000 — $43,000 above its reserve price.Marketing agent Steven Webster of Ray White Spring Hill, said it had been in the same family for more than 35 years.center_img 64 Cartwright St, Windsor. Picture:“He had been through it a few times and had shown interest from day one,’’ he said.“To get yourself a property on 1150sq m of real estate so close to the CBD is pretty rare,’’ Mr Webster said.The three-bedroom home has original VJ walls and timber flooring.last_img read more

  • It’s time to finally leave the next and sell the family home

    first_imgThe outdoor area where the Ogden’s spend plenty of time. Picture:“The downstairs area is a bit of a mancave as well which Chris made good use of.’’The home is on the high side of the street and is on a 642sq m corner block.It has an open plan family living and dining room. Outside is an undercover terrace and fully fenced pool. There is a full legal head height, tandem, lockup garage underneath with plenty of storage space.The four-bedroom house will be auctioned today at 10am. It is listed through Pam Clauss of Ray White – Bulimba. Melissa and Chris Ogden are selling off the home she grew up in. Picture: Adam HeadWhen Melissa and Chris Ogden bought their home at 56 Brodie St, Holland Park West, it was just like coming home to Mrs Ogden – literally.The couple bought her childhood home from her parents.“We have owned the house for five years,’’ she said.“It was actually my family home. We purchased the house off my parents so I grew up there.“It has got a lot of history and a lot of memories attached to it.’’It’s time to leave that behind though with the couple selling to be a little closer to family.After they bought the house, they painted it throughout, put on new front stairs, added airconditioning and built-in wardrobes in the main bedroom.They also polished the floorboards. More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by 56 Brodie St, Holland Park West. Picture:“We put our own stamp on it, it doesn’t feel like that house that mum and dad had,’’ Mrs Ogden said.It had been a very comfortable house to live in and they had enjoyed that it was so close to the city, where they both worked.She particularly enjoyed the outside entertainment area around the swimming pool.“Chris and I have made the most of that outdoor living area, that’s really where we spend the majority of our time,’’ she said.last_img read more

  • This Brisbane home is a godsend for large families

    first_imgKitchen is old school but with potential. Great spot for teenagers or a man cave.The kitchen opens into a 100sq m under cover, insulated deck which looks out over the pool, the listing said.Downstairs was “not quite regulation height” according to the agency, but there was potential for a teenage retreat, home based business or guest wing.According to CoreLogic records, the current owners paid $825,000 for the property last year. The 100sq m deck that comes off the kitchen. There is an inground swimming pool.“Revealing 4.8m vaulted ceilings as you walk from the foyer through the wide open hallway providing access to three of the four bedrooms upstairs, everything looks oversized, with so much open space that plays host to the generous lounge and dining room, four very large bedrooms, two with air conditioning, a large central bathroom with claw foot bath, vintage pedestal basin and separate shower.” 100 Franklin Street, Annerley Qld 4103IF you’re on the hunt for a bit of divine intervention in your housing search, this may be one to consider: A former church with ceilings up to 15 feet high.The four bedroom, two bathroom, double driveway, two kitchen home at 100 Franklin Street, Annerley, was formerly owned by the Grace Bible Church.The 741sq m Brisbane property has been built to cater for big groups and was being marketed in the high $800,000 mark by agent Darren Cosgrove of Place Annerley.“This former church makes an ideal home for the large or extended family or an ideal investment for the room by room investor,” was how he described it. More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoThat’s a long way up. Downstairs is “not quite regulation height”.last_img read more

  • Live in the lap of luxury in this spacious new home

    first_img14 Dovedale Cres, Ashgrove.THIS two-level home has been excellently renovated.Owner Nikita Shetty and her husband bought 14 Dovedale Cres, Ashgrove, in early 2016, after seeing potential for investment in the area.Inside 14 Dovedale Cres, Ashgrove.“We love that Ashgrove has that high-end feel, while still being affordable,” Mrs Shetty said.The couple said new build was a fantastic addition to the area.“It’s low maintenance, but still feels luxurious and spacious,” Mrs Shetty said.The lower level of the home provides ample space for entertaining, while the top floor is intended as a quiet retreat.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoInside 14 Dovedale Cres, Ashgrove.“We kept the two spaces separate intentionally,” Mrs Shetty said.On the lower level, there is a large open-plan living, dining and kitchen area that leads to a courtyard and an in-ground pool.Inside 14 Dovedale Cres, Ashgrove.There is also a bedroom with an ensuite, a separate toilet, laundry, two-car garage and storage.On the top floor there are two bedrooms, a bathroom, separate toilet, rumpus room and covered balcony.There is also a master suite with two walk-in wardrobes and an ensuite.Inside 14 Dovedale Cres, Ashgrove.Mrs Shetty said the stylish property was ideal for families looking for a home close to the city that could be moved into straight away.“Not everyone wants to go through the building process,” she said.last_img read more

  • More buyers are descending on the South East from further afield

    first_img34 Intrepid Court, Newport“We’re seeing a lot of action (with) people looking to move from interstate at the moment,” Mr Siegfried said.“There’s definitely a large cohort of those Sydney and Melbourne buyers.“It seems to have accelerated in the last three to four months.”Mr Siegfried said he believed more value for money was attracting people to the region. According to the latest CoreLogic market trend figures, the median sale price for a house in the Newport area was $872,500. 34 Intrepid Court, NewportA QUAINT home at Newport that overlooks the canal has cracked the million-dollar mark.One Agency Redcliffe principal Stephan Siegfried sold the property at 34 Intrepid Court last week for $1.32 million.“We had a lot of interest in it,” Mr Siegfried said.“Good lowset homes in close proximity to water are really hard to find.”He said a couple from Queensland’s north who were keen to move to the area bought the 819sq m property. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020He had noticed more and more people coming from further afield to buy in the area over the past year.last_img read more