Treasurer “killing off the goose” warns real estate industry

first_imgQueensland Treasurer Curtis Pitt, pictured here at a sod-turning event for a Brisbane development late last year, has refused to extend the first home buyers grant beyond new construction. Picture: Claudia BaxterQUEENSLAND Treasurer Curtis Pitt has been accused of “killing off the goose” by refusing to consider the use of first home buyers grants on existing homes.The grant, which sits at $20,000 until June 2017, is currently only given by the Queensland government to first home buyers who decide to build a new home in Queensland.The decision was welcomed by the building industry, with Master Builders deputy chief executive Paul Bidwell saying it would help create jobs in construction “specially in regional areas”.But the Real Estate Institute of Queensland warned the Treasurer was creating much bigger problems as new construction was exacerbating oversupply issues in regional markets.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours ago“House values are falling, with some markets as much as 30 per cent below levels five years ago. Continuously adding supply of housing to oversupplied markets is irresponsible and will slow down any future recovery,” said REIQ chief executive Antonia Mercorella . “The Treasurer wants us to believe the only way to economic stability is through residential housing construction, but that’s simply not true.”She said 25 regional mayors had given their full support for broadening the grant to established houses but the State Government “simply isn’t listening”.““The Government should offer first-home buyers the choice between new builds or established homes. Bring buyers to the market where there is ample supply — don’t keep adding to the supply. Real estate has long been this State’s golden goose, but this Government is in danger of killing off the goose.”Housing affordability in the regions was believed to be nearing the same levels as Melbourne. “A recent CoreLogic report into affordability identified that regional Queensland’s housing affordability was nearing similar levels to Melbourne. Wages are flat or are going backwards, the cost of living is higher and it’s harder to save for a deposit. Bankruptcies in regional Queensland are rising, with more than 80 reported last quarter in Mackay alone.”last_img read more

Queenslander sells for massive $3.5 million at auction

first_img84 Woodville St, HendraThe property had seen major renovation work since being bought in 2004 by Esme Pearse – one of the top 10 shareholders in Queensland listed company Domino’s Pizza. 84 Woodville St, HendraA RESURRECTED Queenslander outside of the high demand inner city ring has sold for a massive $3.5 million, one of the highest prices for homes in the area. 84 Woodville St, HendraIt was marketed as being “rich in original features”, with all the luxuries of modern living with the charm of a traditional Queenslander including high ceilings, polished floorboards and a fireplace for warmth and character. 84 Woodville St, HendraAmong the list of luxuries was a resort style pool with 25m lap pool and heated spa, a 1000-bottle cellar, gymnasium, eight-seater home cinema, and four lockup garages with remote access.center_img 84 Woodville St, Hendra 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 investor8 hours agoThe five bedroom home at 84 Woodville Street, Hendra – taken to auction on Saturday by real estate agents Lisa Pearse-Sargeant and Janelle McKenna of Ray White Ascot – sold under the hammer after a 26 day campaign. 84 Woodville St, Hendralast_img read more

Large family home in sought after Brisbane suburb ready for auction

first_img22 Morningvale Place, Mitchelton.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019This architecturally designed home allows for practical and easy living.The five-bedroom, three-bathroom home at 22 Morningvale Place, Mitchelton goes to auction on June 17 at 10am.Harcourts Solutions selling agent Katrina Gibbons said the property was well positioned in a family friendly and sought after estate of Mitchelton.The property has a large saltwater swimming pool, entertainment area with bar and an outdoor kitchen with a pizza oven.last_img read more

Community pride is drawing buyers to an estate at Caloundra

first_imgBarbara and John Doherty were drawn to Creekwood by its strong sense of community pride.A STRONG sense of community pride has drawn Barbara and John Doherty to a new coastal development at Caloundra.While home design and location were important factors, the Creekwood development in Meridan Plains, Caloundra stood out with many clubs and activities to help new residents socialise and stay connected.“There’s a gardening club, fitness club, mum’s group and I have even established a walking club to take advantage of the beautiful parklands, wetlands and nature corridors we have at our doorstep,” Mrs Doherty said.“The majority of people here make an effort to get to know other residents and look out for one another, so I can say that we live among friends, not just neighbours.”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 agoDeveloper AVJennings has completed construction on the final freehold homes at Creekwood, which have been designed to suit different lifestyles and personalities — with 11 floorplans on offer to cater to everyone from entertainers and home workers through to independent families.The new Creekwood Parkside precinct has 26 homes, which are now ready to move in to. The new Creekwood Parkside precinct boasts 26 homes, which are now ready to move in to, with two fully furnished display open daily for inspection.AVJennings Queensland general manager Tony Creighton said Creekwood Parkside appealed to buyers looking for a leafy locale and the opportunity to buy a brand new property on its own title, with the wide variety of floorplans available an added bonus.He said the three and four-bedroom homes, some with a multipurpose room and all with a minimum of two-bathrooms and one to two car spaces, offered up to 210sq m of living space were priced from $444,900.On completion Creekwood will feature 370 townhomes, terrace and loft homes and 470 home sites across 50ha including more than 11ha of parks and open spaces, all within a three minute walk of each home.last_img read more

Huge offer for six-bedder too good to turn down

first_imgThe home at 390-402 Benhiam St, Calamvale.A CHINESE buyer has paid $7 million for a property with two titles in the outer Brisbane suburb of Calamvale — but he has no plans to develop it.The six-bedroom, brick home on a huge 20,400sq m site at 390-402 Benhiam Street attracted more than 100 people to its first open home, but there was one offer the owners could not refuse.Ray White Sunnybank Hills principal Eric Li, who negotiated the sale, said the buyer offered $7 million unconditional with a two-week settlement on the spot.“He just wanted to buy straight away,” Mr Li 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“He could see the competition and didn’t want to miss out.” The property at 390-402 Benhiam St, Calamvale.Mr Li said the buyer had been looking for a big block of land in the area and was very keen to buy.Perhaps surprisingly, he plans to move straight in with no intentions of developing the property.Mr Li said it was another example of the appetite from Chinese buyers for property in the Sunnybank area.The house is about 25 years old and has five bathrooms and a 10-car garage. It’s close to public transport, shops and Sunnybank. Calamvale is 17km from the CBD and has a median house price of $650,000.last_img read more

Townsville’s fastest selling suburbs

first_imgClient giving Australian money to property agent for buying house. Property and real estate concept. housing, Australian money, generic propertyLOCATIONS within 5km of the CBD have topped the list of Townsville’s fastest selling suburbs.Newly released CoreLogic figures which analyse sales in the last financial year show that houses in West End, Belgian Gardens and Mysterton sold the quickest.A total of 47 homes sold in the 12-month period in West End with the average time on the market being 59 days followed by Belgian Gardens where homes stayed on the market for 63 days.Mysterton and Hermit Park tied for third place with an average market time of 73 days.Forty-four homes were sold in Hermit Park and 13 in Mysterton.Explore Property Townsville principal Dean Dank said while he was surprised North Ward didn’t make the top three, buyers were becoming increasingly interested in city fringe areas thanks to projects such as the North Queensland Stadium.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Explore Property Townsville director Dean Dank. Picture: Shae Beplate.“Very much the fringe of the city is being taken and I think that comes about from activity from the stadium and people starting to chatter about being close to town and getting the benefit from the city scape changing,” he said.“The public transport hub and the stadium is going to change inner city living so people want to be in walking distance to the city.“I think areas like South Townsville will also lift in the future and it will be a boost for those little pubs that have been forgotten about like the Ross Island Hotel, Victoria Park and Bellevue Hotel.“Those little pubs will be watering holes for people coming out of the stadium like Caxton St in Brisbane.”The CoreLogic figures also revealed Townsville’s top growth suburbs for the financial year.Rosslea topped the list with a year’s median price growth of 13.3 per cent bringing the median value to $363,970.The suburb has seen new, high-quality homes being built, thanks to the Fairways development, which has received strong interest from gold enthusiasts.Jensen came in second with a 3.8 per cent increase in price growth while Pimlico and Hyde Park recorded a yearly price growth of 3.4 per cent.last_img read more

An iconic Noosa Hinterland estate with its own helipad is going under the hammer

first_imgThe home overlooks the Noosa Hinterland.The luxurious home has been owned by Nambour born record producer and songwriter Mike Chapman since be bought it in 2007 for $8 million.Although Mr Chapman might not be a household name, he worked his magic with a number of popular international acts including Blondie, The Knack and Tina Turner.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoThe home has been on the market for more than a year.He was responsible for a number of chart topping hits as a songwriter on Pat Benatar’s Love Is a Battlefield and Tina Turner’s The Best.He produced several chart topping songs including Mr Sharona by The Knack and Blondie’s Rapture, which has the honour of being the first US number one hit to feature rap vocals.Mr Chapman has been trying to sell the home since late 2016, but has been unable to find buyer. ICONIC: HITMAKER Mike Chapman’s Sunny Coast pad could soon have a new owner.AN AUSSIE music legend that put his stamp on some of the iconic hits of the ‘70s and ‘80s looks set to finally sell off his expansive Sunshine Coast property.The sprawling 35 hectare Tinbeerwah property known as Cintamani at 430 Sunrise Road, Tinbeerwah will go under the hammer at 1pm tomorrow. The view from inside 430 Sunrise Road, Tinbeerwah.The price was slashed to $5.7 million last year after the property failed to sell via tender. Regarded as one of the most majestic properties of the Sunshine Coast, it includes a helicopter pad, tennis court, gourmet chefs kitchen, cold room and a maids quarters. Agent Tom Offermann from Tom Offermann Real Estate said he was “expecting a big turn out” for the auction.“It is an iconic country property, you can see it from most points around Noosa,” Mr Offermann said.Mr Chapman is not the only notable owner of home.The land was bought by former world number 1 tennis player Thomas Muster in 1994 for $1 million, who then built the sprawling six-bedroom home.center_img Tennis legend Thomas Muster originally designed the home.Cintamani will go to auction on Sunday, April 8 at 1pm.last_img read more

Redlynch a top spot for Cairns families and the well-to-do

first_imgHudson Rothwell, 7, and Maddison Bruggemann, 10, get splashed by their older brother Jordan Bruggemann, 12, while cooling off at The Rocks in Redlynch. PICTURE: STEWART McLEANONE of Cairns’ most affluent and family-friendly locations lies in a spectacular valley of rainforest-covered mountains equidistant between the city’s beaches and central business district.Earlier this year, Redlynch recorded a higher rate of households with children than anywhere else in the region.A CoreLogic study found 60.4 per cent of Redlynch households were classed as “family households with children” — a statistic reflected in the suburb’s steady real estate market growth over the past decade. The most recent CoreLogic market analysis shows Redlynch had a median house price of $480,000 as of October 2017 — a five-year growth of 17.6 per cent.The CoreLogic study found that about 71 per cent of households across the nation could be classified as “family households”, of which 60 per cent had “children residing within the dwelling”.More from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days agoClose to St Andrew’s Catholic College, Redlynch State College, Peace Lutheran College, Freshwater State School, Freshwater Christian College and Caravonica State School, education is the number one drawcard bringing families in.The leafy outdoor environment, close to waterhole Crystal Cascades and mountainous hikes and Redlynch pretty much offers an outdoor playground for everyone in the family. Redlynch has also come in second behind Kanimbla in a March Australian Bureau of Statistics study ranking socio-economic index.The Coffee Can Cafe owner Sharon Murphy has lived in Redlynch for four years and chose to set up her new bricks and mortar coffee shop in the suburb’s Michaelangelo Dr.“We were quite lucky in getting into Redlynch. We chose the suburb after we moved to Cairns and it has turned out to be a great place,” she said.“It is really friendly. We have a foodie event and one lady comes down from the Tablelands and even she remarks that everyone here is so friendly. They take the time to say hello. It’s safe, there is not a lot of crime, people know what is going on.”Recently, Cairns Regional Council gave the green light to a community garden at Gamburra Drive Park after a year of work from the Redlynch Valley Community Group. The 1500sq m garden will be divided into sections with a tool shed and mulch storage area, pergola shade, common garden plots, fruit trees and a children’s garden.last_img read more

Gold Coast penthouse offers a private escape

first_imgCould get used to lazing around enjoying the ocean views. The penthouse at ‘Calypso Towers’ 88 Marine Pde, Coolangatta.EVER dreamt of escaping to a private island?The sea views from this Coolangatta penthouse’s north-facing wall of floor-to-ceiling windows make it feel like you’re in the middle of the ocean.But civilisation isn’t far away, with sweeping vistas of the Gold Coast skyline and Hinterland surrounding the rest of the luxury apartment. Even the bathrooms have views!The Calypso Tower penthouse at 88 Marine Parade will go under the hammer on Saturday at 5pm.Ray White Broadbeach Mermaid Waters agents Sam Guo and Julia Kuo are marketing the apartment, which takes up the 20th and 21st floors.They described it as a luxury residence that “redefines sophisticated skyhome living” with an “array of bespoke, customised finishes”.These include imported antique wooden doors, hand-selected 200-year-old reclaimed polished hardwood floors and marble, granite and stainless-steel features throughout. More from news02:37International architect Desmond Brooks selling luxury beach villa17 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoNot the worst way to wake up every day. Admire the coastline from every angle. One of the apartment’s four bathrooms. This kitchen is versatile and modern.It has an open floorplan with a lounge and family room at the heart of the modern apartment.This opens onto the main balcony, which wraps around the building and overlooks the ocean.Each of the three bedrooms have ensuites and access to one of the property’s five balconies.The upstairs entertaining retreat with kitchenette and access to two balconies is a standout feature.last_img read more