Quick sale for beloved Murrumba Downs home

first_imgThe home at 11 Cherington Way, Murrumba Downs sold for $612,000A FEDERATION-style home with a turret in Murrumba Downs has gone under contract after being on the market for just two weeks. LJ Hooker Kallangur and Murrumba Downs marketing agent Lee Doyle said 11 Cherington Way sold for $612,000. “A couple came through the property and fell in love with everything from the furniture to the curtains,” he said.“They really liked the timber kitchen and even the colour scheme.” The buyers liked the timber kitche11 Cherington Way, Murrumba Downs“Houses are selling in a couple of weeks tops,” he said. “I actually sold a neighbouring house in one day. There is very low supply and huge demand. “Murrumba Downs traditionally has large lots.“We find those large lot houses don’t come on the market often so when they do, they tend to sell quickly.” Mr Doyle said Murrumba Downs, and the Castle Hill Estate in particular, were considered a prestige location in the wider area. “This is the kind of place where you can purchase, renovate and not overcapitalise,” he said. The living room with turret at 11 Cherington Way, Murrumba DownsVendor Helen Hall had owned the Castle Hill Estate property since 2008.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019She said she wanted whoever bought the four-bedroom home to love it as much as she had. “Mrs Hall was thrilled with the sale,” Mr Doyle said. “The couple who bought think it’s perfect and they won’t change it too much.” Mr Doyle said the quick sale wasn’t unusual in the “hot” Murrumba Downs market.last_img read more

Read More
It has one of Brisbane’s most amazing bathtubs and has now sold in a $6 million plus deal

first_imgMatt Lancashire and Christine Ruldolph try out the tub in the Sky Home.THE view from the bathtub alone in this Brisbane apartment have to be seen to be believed.The apartment, known as Brisbane’s Sky Home, has just sold in a deal worth $6.15 million.The four-bedroom, four-bathroom unit at 10/170 Bowen Terrace, New Farm was previously owned by Darwin-based Brooke David.It is believed to be the most expensive apartment sold in Brisbane this year. 10/170 Bowen Tce, New FarmThe kitchen is fitted out with commercial appliances and has a butler’s pantry.It has views down both reaches of the Brisbane River, to Kangaroo Point the Story Bridge and the city. 10/170 Bowen Tce, New FarmMatt Lancashire said it had actually started out as two apartments, with Mr David buying both floors to create the home.Sarah Hackett said homes like this were in high-demand. 10/170 Bowen Tce, New FarmIt has a main bathtub which sits under a magnetised crystal halo of lights, and has views across the Story Bridge through the floor-to-ceiling glass walls.Mr David had engaged award-winning architect Justin O’Neill to create the bespoke apartment’s fitout. 10/170 Bowen Tce, New FarmThe home was listed through Matt Lancashire and Christine Rudolph of Ray White New Farm and Damian and Sarah Hackett of Place Estate Agents. 10/170 Bowen Tce, New FarmHis brief was that although it was an apartment it was to be made into a home.More from newsMould, age, not enough to stop 17 bidders fighting for this home6 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours ago“I wanted a Manhattan-style apartment to take advantage of that view,” Mr David said. 10/170 Bowen Tce, New Farm“The bathroom really was huge and I had always planned to stay in Brisbane every second week but in the end I was only getting to Brisbane for three days of every month, so it was madness to keep it.’’ 10/170 Bowen Tce, New Farm“I’m sad to let it go but I’m happy it’s sold. It didn’t realty take that long in the end to sell.”There is parking for six cars with direct lift access to each level, a separate bar with a climate-controlled wine cellar,The home has underfloor heating and features polished travertine floors. 10/170 Bowen Tce, New Farmlast_img read more

Read More
Rentvestors forgo thousands of dollars

first_imgBradley Beer, CEO of BMT Tax Depreciation, said inexperience among first time investors is to blame. Photo: suppliedOur newest investors are overlooking a simple way to boost their yearly income by almost $4000 on average, according to a prominent quantity surveyor.Bradley Beer, CEO of BMT Tax Depreciation, said inexperience means young rentvestors fail to boost their tax returns via depreciation benefits.“A rentvestor is more likely to be a first time investor,” he said.“You’re not used to having property and if you’re a first time investor, you’ve got a few things to learn.”Rentvesting is a strategy where buyers forgo home ownership and build an investment portfolio while renting in their desired location.Mr Beer said it’s a popular approach for young, first-time investors. “Probably it’s a bit around affordability in the areas people are trying to live, but I also think it’s around lifestyle choices and being close to things and going, ‘I don’t want to sit in traffic and drive to somewhere on a regular basis.’”More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoHe said the costs associated with home ownership and the flexibility created by renting is also driving a rise in the practice.Mr Beer says while rentvesting is smart, he believes uninformed landlords are failing to take advantage of tax breaks.“I’ve personally been a rentvestor until I was over 40.“Depreciation is one of those things that needs to be learned for sure.”Mr Beer says the average deduction in the first year of ownership across all the depreciation schedules his company has prepared is just under $10,000.“It is a bit different depending on the age of the property.”“Most investors are on 37 per cent (tax) so it’s that percentage back on that deduction — or around $3700 cash.“If you’re on the top marginal rate which is close to half, it’s about $100 per week in terms of cash flow.”last_img read more

Read More
Renovations on the rise

first_imgGet ready to see more tradies on in street over the next two-to-three years.There’ll be more tradies on the go if the latest research by the Housing Industry Association (HIA) is correct.The July 2017 edition of the HIA Renovation’s Roundup report revealed a steady rise in renovation activity is expected over the next two-to-three years.“The home renovations market will return to growth this year,” HIA principal economist, Tim Reardon, said.HIA forecasts for the sector nationally predict growth of around 2.6 per cent in 2018, followed by another rise of around 2.3 per cent in 2019.Mr Reardon said renovations had taken a back seat to the soaring new home construction sector over last 12-months.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 investor3 hours ago“We expect this to change this year and that the market will again experience growth as the number of detached houses that are reaching the key renovations age is increasing,” Mr Reardon said.He said gains will also be driven by a backlog of work.“With new home building set to decline over the next couple of years, the gradual strengthening of renovations activity is coming at the right time,” Mr Reardon said.In Queensland, preliminary data showed renovation activity had fallen by six per cent during the March 2017 quarter, and was 13.9 per cent lower than at the same time last year.However the HIA outlook for the future of our state’s renovation industry was more bullish.“During 2017, renovations activity in Queensland is expected to expand by 0.6 per cent and growth is expected to accelerate to 8.8 per cent in 2018,” the HIA report said.Follow Kieran Clair on Twitter at @kieranclairlast_img read more

Read More
Traffic congestion, bottlenecks and car crashes not putting Brisbane buyers off

first_imgGympie Rd, Chermside has been named a crash hot spot by RACQ. Photo: Josh Woning.While plenty like to complain about the traffic, Brisbane buyers are not deterred when it comes to buying properties at notorious traffic “choke points”.RACQ data revealed the 10 worst accident-prone roads in Brisbane in the 12 months to the end of May, with Gympie Rd, Chermside, topping the list.Next was Mains Rd, Sunnybank Hills, and then Logan Rd, Eight Mile Plains.There were 22,430 motor collision claims lodged in the 12-month period in the Brisbane region.FREE: Get the latest real estate news direct to your inbox here. Allen & Lee Real Estate Agents director Mark Allen said many buyers, particularly in the Sunnybank area, were not put off from buying homes on a main road.“They like it because they can rent out properties for student accommodation, and are often close to restaurants and cafes and bus stops,” Mr Allen said.“Traditional buyers want the back blocks where there is less noise. Lots of Asian buyers don’t drive, so being close to everything is important.”SEE THE LIST OF WORST CRASH HOT SPOTS BELOWMr Allen said main roads on the southside of Brisbane were quite popular.“We have people who come from overseas looking for properties here. What is a main road to us is not to them,” he said. “Buyers will find these properties attractive and they sell for premium prices on a main road.”Mr Allen said many buyers converted properties into commercial use.In April, a property at 41 Pineland Rd, Sunnybank Hills, sold for $1.188 million by LJ Hooker Sunnybank Hills agent Karl Gillespie.It attracted more than 100 people to the auction and was marketed as having “maximum main road exposure for your home business” as well as plenty of frontage and parking for more than 10 cars.Home with Batman-like tunnel for saleUnits inspired by five-star hotelsReal Estate Institute of Queensland media and communications manager Felicity Moore said many buyers researched the peak hour traffic conditions and their potential new commute when considering a new property purchase.“Peak-hour chaos is a common complaint that agents hear when showing prospective buyers through properties,” Ms Moore said.“If the property is near a known choke point, or is a suburb that appears frequently on the radio traffic reports, agents find themselves explaining the benefits of the suburb to overcome the buyer reluctance.”She said agents had identified areas including the Sunshine Coast’s Bruce Highway as a “nightmare”, preventing commuters from Brisbane buying and moving there.Others included St Lucia’s Gailey Rd, Sir Fred Schonell Drive intersection, the Deagon Deviation at the Gateway merge and the Rickertt Rd and Greencamp Rd intersection at Wakerley.“It is a reality in a buyer’s market that if a buyer is choosing between two equally qualified potential properties to purchase, the traffic and the daily commute may play a deciding factor,” Ms Moore said.“When traffic problems are resolved or improved we see a corresponding improvement in buyer interest.“For example, when the express busway lanes and the Airport Link and Clem 7 tunnels were all completed, the suburb of Chermside became only a 20 minute commute from the CBD, instead of 35 to 40 minutes.“It is likely that when the Cross River Rail gets the green light we will see agents use this as a selling point in marketing material for homes that are going to benefit from the improved commuting experience.”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 investor3 hours agoRACQ spokeswoman Kirsty Clinton said it was no coincidence many of Brisbane’s crash hot spots were on some of our most highly congested roads.“These roads are jam packed with motorists each and every day and this congestion can lead to crashes,” she said.“Crashes can have a flow-on effect impacting traffic in the area for hours.”RACQ’S worst accident prone roads1 Gympie Rd, Chermside (80)2 Mains Rd, Sunnybank (73)3 Logan Rd, Eight Mile Plains (61)4 Hamilton Rd, Chermside (57)5 Gympie Rd, Aspley (56) and Moggill Rd, Indooroopilly (56)6- Ipswich Rd, Annerley (55)7 Kelvin Grove Rd, Kelvin Grove (52)8 Browns Plains Rd, Browns Plains (45)9 Milton Rd, Milton (45)10 Stafford Rd, Stafford 44)Source: Racq, motor collision — animal, fixed object, multi vehicle, vehiclelast_img read more

Read More
Battery operated house

first_imgTesla’s Australian launch of Powerwall 2 in Melbourne earlier this year. Photo: supplied.Smart minds are helping savvy consumers cut their power bills, with the latest device being the Tesla Powerwall 2.The wall mounted unit allows homeowners to use the day’s sunlight at night, according to retail installer, SAE Group.“Essentially it’s a battery system that turns your solar panels into an all-day electrical resource so you can increase your consumption of solar,” said SAE Group marketing manager, Melissa Babovic.“While we’re all out working, the sun is generating an abundance of energy that we’re not home to tap into. This is the best way to capture that and then power the home in the evening when we need it most,” Ms Babovic said.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour agoA complete system, including solar cells and a converter, starts at $18,000, said Ms Babovic, while retrofitting a Powerwall 2 to an existing system would cost about $11,000.You can add multiple Powerwalls to increase capacity and the unit will save you in a blackout as well.“It can protect your home from any power outage — you’ve got that reliability,” Ms Babovic said.According to Ms Babovic, rising electricity costs are driving more households towards rechargeable solar units.“Electricity prices are going up and up and up — we’ve seen nearly a 60 per cent increase in electricity over the last few years,” she said.“It’s a pretty good investment in protecting your energy future. It’s clean, it’s affordable, it’s reliable and it gives you back power in the equation,” Ms Babovic said.The Home Show, proudly supported by The Sunday Mail, runs from September 8 — 10 at the Brisbane Convention & Exhibition Centre.last_img read more

Read More
Hamptons style homes go under the hammer in Brisbane

first_imgInside 40 Rome St North, Yeronga.Downstairs is an additional bedroom, bathroom, laundry and two car garage. There is also a large open plan living, dining and kitchen area complete with wine cellar, alfresco entertaining area and in-ground pool. Inside 9 Rugby St, Coorparoo.The two-level, light-filled home has functional flowing interior spaces complete with high ceilings, timber flooring, neutral colour palette and stylish contemporary finishes which are “perfectly in tune with the Hamptons aesthetic.” The home at 40 Rome St Noth, Yeronga.The home has spacious interiors spread throughout the two levels, designer concrete floor tiles, high ceilings and an open plan layout that transitions indoor and outdoor living and entertaining. The home at 74 Swan Tce, Windsor.Marketing agent Jack Dixon of Dixon Family Estate Agents, Toowong, lists the property as “a rare offering for families, investors and executive couples who prioritise quality, convenience and lifestyle.” The home at 40 Rome St North, Yeronga.Marketing agent Roger Carr of Ray White, Bulimba listed the property at 40 Rome St North, Yeronga as a “contemporary residence perfect for entertaining all year round.” The impressive wine cellar at 40 Rome St North, Yeronga.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoSprawled over an elevated 728sq m block in Coorparoo, this Hamptons inspired home is also going under the hammer on Saturday. The home at 9 Rugby St, Coorparoo.Marketing agent Phil Burley of Place Real Estate, Bulimba described 9 Rugby St, Coorparoo as having “an abundance of indoor and outdoor living and entertaining spaces, perfect for relaxed Brisbane living.” Inside 74 Swan Tce, Windsor.There is also a servery window to the outdoor entertaining area from the kitchen.On the same level, there is three bedrooms, a study, bathroom and master bedroom with walk-in-robe and ensuite. Inside 9 Rugby St, Coorparoo.Downstairs, the open plan living and dining area opens out to a covered outdoor patio which overlooks the yard and in-ground pool, which Mr Burley describes in the listing as a “peaceful retreat destined to inspire summer gatherings with friends and family.” The home at 9 Rugby St, Coorparoo.A laundry, fifth bedroom and bathroom as well as a double car garage and media room complete the lower level of the home. On the first floor, a master bedroom with walk-in-robe and ensuite is separated from the other three bedrooms for peace and privacy. Inside 9 Rugby St, Coorparoo.There is also a central family room, bathroom and additional toilet. 9 Rugby St, CoorparooThose in the market for a new home will have plenty to choose from, with many stylish, Hamptons inspired homes in Brisbane going under the hammer this weekend.In Yeronga, this stylish property is going to auction at 10am on Saturday, February 10. The home at 9 Rugby St, Coorparoo.The property will go to auction at 11am on Saturday, February 10. Positioned high to capture the breeze and city views in one of Windsor’s best locations, the beautifully restored Queenslander home at 74 Swan Tce, Windsor will also be up for grabs on Saturday. Inside the home of 40 Rome St North, Yeronga.On the top floor is three bedrooms, a rumpus room, bathroom and master suite with walk-in-robe and ensuite, complete with twin vanities. The home at 74 Swan Tce, Windsor.“With so much character and charm this close to the city, the home is hard to resist,” he said. The charming home has timeless features such as timber floors, fretwork and a double fireplace. Inside 74 Swan Tce, Windsor.On the main floor of the two-level home the open plan sitting room, living and dining rooms flow out through bifold doors onto the outdoor entertaining area, in-ground pool and yard. The home at 74 Swan Terrace, Windsor.Downstairs, the home has a media room, laundry, patio area and two car lock up garage. The property will go to auction at 12pm on Saturday, February 10.last_img read more

Read More
Many buyers don’t want to show their hand, but if you play coy on this you could miss out

first_imgIf you snooze you could loose when it comes to land.IN the next couple of weeks I am wielding the gavel at our Easter Auctions event at the Powerhouse. As I was scanning the properties on the order of sale, I saw two lots of land. One in Chelmer and the other at Wavell Heights. Even just to have only two lots of land in one auction event is quite unusual.Brisbane is now a maturing modern capital city. We have well reported inner city density and to find vacant land is usually as rare as rocking horse … well I’m sure you get the drift.The different thing about auctioning land is there is an option for the buyer to investigate the property by stealth.There is no door to unlock, so inspecting the property can be done at anytime day or night without any interaction with the agent.Where this can lead to disappointment or disadvantage for the buyer comes in two main areas.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus20 hours agoThe first is information. There can be plans, issues or benefits to a block that only the agent or owner has information on.By not engaging with them you may not know that relevant information until auction and for some people that may be to late.But the second, and most important reason, is without interaction and feedback from buyers the owner is flying blind on market value.Specifically on where they should set their reserve. It’s offers from buyers that have the greatest influence on where an owner will set their reserve. For this reason land can regularly sell prior to the auction leaving many buyers, who hadn’t contacted the agent but were planning to bid at the auction, very disappointed.Without knowing who’s interested, the agent and owner need to make decisions on the information at hand.My advice to any land buyers is to contact the agent, ask them for an information memorandum on the property. Register their interest and either ask to be informed if other offers are presented or simply pre-register for the auction.These activities still allow coy buyers to play their hands close to their chest, but it will also stop them from turning up on auction day to a sold sign already plastered on their dream block of land.last_img read more

Read More
Gold Coast ‘landmark residence’ on the market

first_imgThe property pool, jetty and a boat ramp. What a location!LOCATION, location, location is a popular real estate mantra and this Gold Coast property certainly abides by that phrase.Offered to the market for the first time in 40 years, the “landmark residence” in the northern Coast suburb of Hollywell takes waterfront living to a new level. From the air the property is a sight to see.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 ago“One of a handful of mainland Broadwater fronting blocks, this is unquestionably one of the Gold Coast’s most unique and desirable positions,” the listing states.“The sensational preserved Broadwater outlook is ever changing over expanses of blue water across to the natural wonderland of South Stradbroke Island.”The deceased estate at 2 Sapphire St offers 50m of Broadwater frontage as part of a 1058sq m block.The property features a four-bedroom house, pool, jetty and a boat ramp. “Whether you redevelop the site with a new luxury property or further improve the substantial and well sited original home, a relaxed luxury waterside lifestyle is assured,” the listing states.“(The) land area and the uniqueness of adjoining the Paradise Point parkland, combine to create the feeling of private island living.” Professionals -Vertullo Real Estate agent David Vertullo is taking the property to auction on May 19. Enjoy waterfront views from almost every room/last_img read more

Read More