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Affordable acreage suburbs within 20km of the Brisbane CBD

BUYERS from southern states will be tree-green with envy as we reveal Brisbane’s most affordable acreage suburbs within 20km of the CBD.

CoreLogic analysis has identified 14 suburbs where you can live on land, lots of land, for less than $1 million and still be within a half-marathon of Brisbane CBD’s Queen Street Mall.

Using an automated valuation model (AVM) it analysed the value of properties with a land area of more than 4000sq m in each suburb to assess a median value.

According to the results, the cheapest buy-in was at Eatons Hill on Brisbane’s north where you could purchase your acreage dream for just over $780,000. Eatons Hill also had a healthy six per cent capital gain in value during the past year.

Acreage priced below $800,000 could also be found in Warner and Pinjarra Hills, while Moggill, Bellbowrie, Anstead and Bunya were priced below $900,000 for rural residential.

The analysis revealed acreage property had experienced healthy long-term 10-year gains.

This would be amazing to come home to: 49 Landing Place Moggill.

This would be amazing to come home to: 49 Landing Place Moggill.Source: Supplied

CoreLogic head of research, Cameron Kusher, said tracking the price cycle of acreage markets could be challenging.

“You don’t typically see many transactions in the market and it’s a very specific buyer for that kind of property,” he said.

Mr Kusher said while buyers moving to Queensland from southern states were driving price growth for near-city housing on traditional size lots at present, acreage provided good, long-term prospects for purchasers.

“It’s never going to be a market that consistently ‘shoots the lights out’, but when the demand does turn, you can get some pretty strong increases in values over a pretty short period of time,” he said.

Ray White Rural director, Jez McNamara agreed lifestyle acreage price cycles could be a little bit difficult to track.

“It’s a very slow moving market that’s based on emotion rather than need,” he said.

“It’s very hard to do a comparative analysis as well because there’s not only different houses but different infrastructures.

“You might have some with large sheds or stables or horse complexes or beautiful gardens — it varies greatly.”

Room for a tennis court and pool at Carson Drive, Bunya.

Room for a tennis court and pool at Carson Drive, Bunya.Source:Supplied

Mr McNamara said there were opportunities for buyers to get in now and enjoy long-term benefits.

“I think the cycle is still growing — people are getting more confident to go out a bit further and get that dream home,” he said.

“You look at a New Farm house where you’re paying $1.1 million for 400sq m with a rundown Queenslander, or you can go to Camp Mountain or Chandler and buy five acres with a nice house on it. It starts to make sense for a lot of families.”

Mr McNamara said infrastructure which helped reduce commuting time would continue to benefit near-city acreage.

“Through Brookfield, Pullenvale and Fig Tree Pocket — those sorts of areas. Legacy Way tunnel has really changed that commute to Brisbane,” he said.

“I got back to New Farm from Brookfield in about 15 minutes using Legacy Way — I was shocked actually.”

Mr McNamara said as Brisbane continued to grow, so would the value of commutable acreage.

“When you can buy acreage this close to the Brisbane CBD for under $1 million — I just see nothing but upside in it,” he said.

According to realestate.com.au Moggill has the highest number of acreage properties listed on the market at the moment — 30. While there are none in the Eatons Hill area.

Originally Published: www.news.com.au

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Brisbane

Brisbane apartment insights: What happened to Brisbane apartment values in September?

Brisbane apartment values

Brisbane apartment values continued to grow over September, figures from the property data firm CoreLogic found.

In their monthly index, CoreLogic found that Brisbane values rose 0.6 per cent over September, taking their te

It was a return to a normal growth pattern for Brisbane, following a 1.4 per cent growth spike over August. Prior to the spike, there were 0.8 per cent gains in July and 0.7 per cent gains in June.

The 2.8 per cent rolling quarterly gains, more than double the gains seen in Melbourne, see values 8.3 per cent higher than at the start of 2021.

Back then the median value was $390,000. Now it’s $430,000.

The price gap between houses and units in Brisbane however has widened, with Brisbane’s median house price standing at $709,000, around $280,000 higher than the median apartment price.

New listings in Brisbane are slowly on the up ahead of the traditional listing increase in spring. The same can be said for Adelaide, Perth and Hobart, however the trend remains weak in the locked-down Sydney, Melbourne and Canberra.

Queensland has benefitted from record low vacancy rates, with southern state dwellers heading north during the pandemic over 12 months ago.

The June 2021 quarter data from the Real Estate Institute of Queensland showed that nearly two thirds of local government areas in Queensland recorded their lowest or equal lowest residential vacancy rates since 2010.

Of the 35 local government areas, 20 saw their vacancy rates tighten, 10 remained static and five saw them slightly rise in the June quarter.

Brisbane’s vacancy rate dropped from 2.1 per cent to 1.7 per cent from the previous quarter. The Gold Coast’s remained static at a tight 0.6 per cent and the Sunshine Coast’s was slightly higher, from 0.5 per cent to 0.6 per cent.

Urban’s top Brisbane projects

1. Trellis, South Brisbane 

Brisbane apartment values

Trellis 20 Edmondstone Street, South Brisbane QLD 4101 

Aria Property Group are a decorated Queensland developer who have continued to improve sustainability across their South East Queensland residential apartment developments with their newest tower, Trellis.

Described as both the most sustainable and livable to date, all 110 of the two and three bedroom apartments in the 12 story building have been designed by Rothelowman.

Reminiscent of an urban retreat, Trellis reflects a new style of resort living with 1,119 sqm of recreational amenity across the Temple of Wellness on the ground floor and the Residents’ Rooftop Club on level 13.

Apartments in Trellis start from $739,000 for a two-bedroom, two-bathroom apartment. Three-bedroom apartments are priced from $1,084,000 to $1,224,000.

2. Bide, Newstead 

Brisbane apartment values

Bide 21 Longland Street, Newstead QLD 4006 

Bide is the latest Newstead residential offering by Dibcorp Properties. It has been designed in collaboration with architects from Twohill & James, Lat27 and Wiltshire Stevens Architecture.

It presents a new way of inner-city-living, with a range of special inclusions and an urban green space exclusively for residents to relax, unwind and even work from home.

Bide comprises 89 spacious one, two and three-bedroom apartments just three kilometres from the CBD.

Two-bedroom apartments start from $635,000.

3. Silk Lane, Woolloongabba 

Brisbane apartment values

Silk Lane 8-12 Trafalgar Street, Woolloongabba QLD 4102 

Silk Lane will give residents the best seats in the house when the sporting arena is back in a post-lockdown world.

The building’s architectural façade, designed by Nettleton Tribe Architects, draws inspiration from the angular shapes of metal structure incorporated in the neighbouring Brisbane cricket ground, The Gabba. The appropriately named Skystand will look over the wicket for The Ashes, and the main hub of the 2032 Brisbane Olympic track and field events.

Developed by Sarazin, Silk Lane will home 306 one, two and three-bedroom apartments.

Prices start from $449,000.

4. Rivello, Hamilton 

Brisbane apartment values

Rivello 15 Wharf Street, Hamilton QLD 4007 

here’s only a handful of apartments left at Rivello, the luxury apartment development by Brookfield Properties in Hamilton.

The 21-level building designed by Cottee Parker Architects has netted over 80 per cent of sales of the block of 150 apartments.

Brookfield Residential Properties’ Managing Director, Lee Butterworth, said buyers had responded well to Rivello.

“There is certainly significant demand for Brisbane property in the current market and buyers recognise Rivello represents a rare opportunity to purchase a new apartment in a building on the Brisbane River,” he said.

 

Article Source: www.urban.com.au

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Market Place

Apartment approvals on the rise: ABS

approvals

Dwelling approvals data released by the ABS show that approvals in the month of August grew across all of mainland Australia, except in NSW

Attached dwelling approvals – for apartments, townhouses and semi-detached homes – have jumped, according to data released by the Australian Bureau of Statistics (ABS).

Attached dwelling approvals rose 13.7% in August, sitting at 6,453.

It was the highest August figure since 2017.

Total approvals over the year to August was up 8.5 per cent at 74,000.

“The lag from approvals to work done suggests dwelling construction will remain strong this year,” Shane Oliver, the AMP Capital chief economist said.

The overall number of dwellings approved rose 6.8 per cent in August (seasonally adjusted) to 18,716 homes, ending four consecutive monthly declines.

The number of dwelling approvals rose in Western Australia (21 per cent), South Australia (11.8 per cent), Victoria (10.5 per cent) and Queensland (4 per cent).

 approvals

Falls were recorded in Tasmania (-18.9 per cent) and New South Wales (-2.3 per cent).

It represented a recovery from a 8.6 per cent dip in July. The peak month was March with 23,445 approvals.

The increase was driven by approvals for private sector dwellings other than houses, which rose 13.7 per cent, ABS construction statistics director Daniel Rossi said.

Rossi noted the result was driven by record low interest rates, boosted household savings and confidence in the housing market.

Total approvals over the year to August was 229,035, up by almost a third on their level a year earlier.

After some improvement in approvals performance in NSW in the earlier part of this year, the lockdown has seen a reversal with approvals going backwards for the 4th month in a row, Tom Forrest at the Urban Taskforce noted.

“That said, they remain well above the number of approvals recorded this time last year,” Forrest said.

 

Article Source: www.urban.com.au

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Brisbane

Brisbane’s best property buys: Six must-see homes starting from $259,000

Brisbane’s best property buys

Despite the rising market, it is still possible to buy a property within a few kilometres of the CBD for less than $300,000.

14/75 Thorn Street, Kangaroo Point 

Brisbane’s best property buys

Demand in Brisbane’s inner circle has been hot in 2021, so buyers with small budgets are working hard to find grubstakes. Here is one, a river turn from the city. Yes, it is a small grub – only 37 square metres of floor plan – but it comes with a big location. The designer studio apartment has an L-shaped, 16-square-metre balcony, a car space, lofty level-three balcony views and access to a shared pool.

$259,000

Private sale

Ray White, Benjamin Williams 0412 067 016

4/2 Prospect Terrace, Red Hill 

Brisbane’s best property buys

Three kilometres northwest of the CBD, a one-bedroom pad has reached the market with a price tag under $300,000. One of eight in its brick block, it has an open-plan design with big windows to flood it with sunlight. It could be a base for a city professional, investor or student. It is about 500 metres from Kelvin Grove State College campus and was last sold in 2013.

$285,000-plus

Private sale

Liliana Mauri Properties, Liliana Mauri 0404 644 006

6/104 Richmond Road, Morningside 

Brisbane’s best property buys

Savvy buyers know townhouses often grant access to inner suburbs’ amenities at significantly lower buy-in prices than standalone houses. This three-bedroom, double-storey home is a fine example with its modern open plan linking dining, lounge and kitchen to a private rear courtyard. The median sale price for three-bedroom houses in Morningside this year has been $765,000 based on 100 sales. Cannon Hill State School is about 900 metres away.

$515,000-plus

Private sale

REMAX Results, Kylee Harnisch 0438 763 975

4/15 Alice Street, Kedron 

Brisbane’s best property buys

Real estate people often proclaim properties are “edgy”, but it is an apt word to describe the asymmetrical facade of this contemporary block. One of its two-bedroom, two-bathroom apartments is for sale. It has an L-shaped floor plan and unorthodox 5.07-by-2.16-metre balcony, partially inset to its open living-dining and kitchen area. It has a single car park.

$399,000-plus

Private sale

AUMR Property Group, Jay Wu 0402 686 929

11 College Way, Boondall 

Brisbane’s best property buys

This suburban area formerly known as Cabbage Tree Creek has hit its stride this century. It’s home to just under 10,000 people, of which 48 per cent are long-termers – which speaks loudly to Boondall’s easygoing, well-connected lifestyle. This four-bedroom makes a strong case, with its two bathrooms and a double garage on a flat 516-square-metre block. The kitchen has stone benches and stainless steel appliances. College Way has 147 properties and 80 per cent are owner-occupied.

$749,000-plus

Private sale

Ray White, Angela Duncan 0433 335 849

20 Saint Albans Street, Kenmore

Brisbane’s best property buys

Fans of 1960s residential housing design get an architectural showpiece at this understated three-bedroom brick house set on a manicured 549-square-metre block that was last sold in 1997. The interior is conservative and neat with the scope to swing into the 21st century with a cosmetic upgrade. All 13 properties in this settled establishment street are occupied by their owners. Kenmore South State School is about 400 metres from the driveway.

$760,000-plus

Private sale

Leighton Jones Real Estate, Leighton Jones 0468 900 200 

 

Article Source: www.domain.com.au

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