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Brand new four-bedroom Townsville townhomes from $372,900

Townsville

Located in a growing Townsville suburb, Burdell is increasingly in demand due to its reputation as a safe, friendly and conveniently located area.

Heran Building Group has introduced their luxury four-bedroom townhomes in Burdell, North Shore Residences.

“North Shore is a place where a better lifestyle comes naturally, where neighbours know each other by name and the daily essentials are already just moments from your doorstep”, the developers said.

Located in a growing Townsville suburb, Burdell is increasingly in demand due to its reputation as a safe, friendly and conveniently located area.

Priced from $372,900, each four-bedroom home features two bathrooms, double lock-up garages, and a modern kitchen with stone benchtops and European appliances, including a stainless-steel multifunction oven, cook-top, rangehood and stainless-steel dishwasher.

Each townhome has a fully-fenced private yard.

Within the development is a communal swimming pool and ample visitor parking.

Ducted air-conditioning is built into the homes, as are roller blinds and venetians.

Only 15 minutes to the Townsville CBD, North Shore is cleverly positioned for strong ongoing demand thanks to its proximity to important hubs including employment, education, major shopping, arterial roads, and public transport.

Burdell feeds directly into the growing employment node of Townsville and surrounding suburbs via Woolcock St.

The A1 is also only minutes away, providing easy access to all employment locations in the greater Townsville areas.

According to the developers, the expected rental return is approximately $290 to $380 per week, boasting rental yields of 4.37 per cent to 5.52 per cent per annum

The home is located in an evolving location, with two new shopping centres nearby, including North Shore Shopping Centre and the Stockland Townsville Shopping Centre, and the Townsville Grammar School.

Surrounding suburbs also offer a diverse range of amenities from medical, health, retail services and casual dining and takeaway options

Construction on the project began in May, due to reach completion in late 2021.

 

Article Source: www.urban.com.au

 

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Market Place

Housing Value Reaches $9 Trillion in Record Time

The Reserve Bank of Australia “is prepared to be patient”, keeping interest rates at an all-time low as the housing market value rises faster than ever, hitting $9 trillion in record time.

The value of Australia’s residential homes increased by $1 trillion in the past six months, It took 15 months for the previous trillion to be reached, in March 2021, according to the latest Australian Bureau of Statistics results.

NSW homes accounted for 40 per cent of the total with median prices increasing to a record $1.1 million.

Residential property prices rose 5 per cent in the September quarter, house prices were up 5.7 per cent, and attached home prices rose 3.1 per cent.

The ABS results were revealed just as the Reserve Bank of Australia announced it would maintain the cash rate target, as expected.

Total value of residential stock in Australia

Housing Value

^Source: ABS, September 2021 results

ABS head of prices statistics Michelle Marquardt said that for the past 12 months all capital cities had set records or reached growth rates not seen in many years.

“The September quarter results were consistent with housing market conditions,” Marquardt said.

“Continued solid growth in residential property prices was supported by record low interest rates, strong demand and low levels of stock on the market.”

RBA governor Philip Lowe said they were prepared to be patient and wait until it was suitable to increase the rate.

“The board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range,” Lowe said.

“This will require the labour market to be tight enough to generate wages growth that is materially higher than it is currently.”

Residential property prices rise

Location June to Sept Quarter 2021 Annual change to Sept
Weighted average 5.0% 21.7%
Sydney 6.2% 25.4%
Melbourne 3.6% 19.5%
Brisbane 6.1% 19.7%
Adelaide 5.9% 19.0%
Perth 2.0% 15.7%
Hobart 8.2% 25.7%
Darwin 1.6% 13.7%
Canberra 6.0% 25.2%

^Source: ABS, September 2021 results

House price increases have started to slow across capital cities and the total value of housing loan commitments has reduced despite a new-found appetite for property from investors.

“Housing credit increased by 6.7 per cent over the past year, but, more recently, the value of housing loan commitments has declined from high levels,” Lowe said.

“With interest rates at historically low levels, it is important that lending standards are maintained and that borrowers have adequate buffers.”

However, a change in interest rates is not likely to affect residential prices with values increasing despite multiple cash rate rises in the past 25 years.

Instead, affordability was expected to be the major constraint on prices with the Brisbane market absorbing a considerable population escaping Sydney and Melbourne prices.

 

Article Source: www.theurbandeveloper.com

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Gold Coast

The best luxury Gold Coast apartments on the market for over $2 million

best luxury Gold Coast apartments

Local agents are reporting there is just not enough high-end stock to meet the demand for local and interstate buyers wanting to spend more on their holiday home, in the wake of the COVID-19 pandemic

The Gold Coast is running out of apartments.

That’s the data pulled by property consultancy firm Urbis, who say there is just over two months of stock left on the Gold Coast, if there were to be no new project released and current demand continued.

Local agents are reporting there is just not enough high-end stock to meet the demand for local and interstate buyers wanting to spend more on their holiday home, in the wake of the COVID-19 pandemic.

They are expecting a wave of buyers to be flying up from Sydney and Melbourne when the borders open, and are expecting little slowdown heading in to January

Urban has wrapped up the top apartments across the Gold Coast at the high-end price point.

Aperture, Broadbeach

Three-bedroom full-floor apartments from $2.1 million 

Aperture Broadbeach

Aperture Broadbeach 20 Mary Avenue, Broadbeach QLD 4218

The hotly anticipated Aperture, which will be one of the most high-end apartment developments in Broadbeach when completed in mid-2023, will have just 29 apartments across its 35 levels.

There will be 26 full-floor apartments, each spanning over 200 sqm of internal and external space. Each will comprise three bedrooms, three bathrooms, and three parking spaces.

Following on from their successful first tower in Broadbeach, Signature, which sold out earlier this year, the Melbourne-based Little Projects took a different approach to Aperture, which refers to the opening of a lens’s diaphragm through which light passes.

The AU, Surfers Paradise

Three-bedroom full-floor apartments from $3.45 million 

The AU Surfers Paradise

The AU Surfers Paradise 52A The Esplanade, Surfers Paradise QLD 4217

The AU, a collection of just 12 exclusive full-floor oceanview sky homes and two opulent three-level penthouses, has just launched on the sought-after Esplanade in Surfers Paradise.

Archidiom put the plans together for the 19-storey tower, with a facade made almost entirely of golden glass.  It allows each apartment to have clear panoramic views of the Surfers Paradise beach.

The developer, ASF Group, enlisted the expertise of the Sydney-based interior design legend Greg Natale to craft the interiors, something no other Gold Coast apartment development can boast.

The apartments will have the finest finishes, with natural stone bench tops, and gold fixtures and finishes throughout.

Chevron One, Chevron Island

Four-bedroom sky homes from $3,325,000 

Chevron One

Chevron One 36-44 Stanhill Drive, Surfers Paradise QLD 4217

Chevron One, set to reign as Chevron Island’s only luxury high-rise apartment tower, recently released its Sky Home collection, starting from level 31 in the sought-after apartment development.

The Melbourne-based Bensons Property Group held off releasing the apartments publicly, but given the huge demand in ultra-luxury, large apartments in the sky, they decided to list them on the open market.

When complete, Chevron One will be the tallest tower on the exclusive island, and the tallest there ever will be, with the Gold Coast City Council two years ago bringing in strict planning laws, limiting future apartment projects to 33 metres, or 12 storeys.

There’s a number of three and four-bedroom Sky Homes, some spanning half and full-floors. Four-bedroom apartments, with over 236 sqm of living space, are priced from $3,325,000.

Emerson, Kirra Beach

Three-bedroom full-floor apartments from $2.95 million 

Emerson Kirra

Emerson Kirra 100 Musgrave Street, Coolangatta QLD 4225

Emerson, set on the dress circle Musgrave Street in Kirra Beach, Coolangatta, will home just 27 apartments when it is completed in late October.

There are only six apartments left to sell in the $85 million, 13-level development by the Melbourne-based developer Hirsch & Faigen, who sold out The Hemingway at Palm Beach earlier this year. They’re soon to launch their third Gold Coast project, Yves at Mermaid Beach.

Crowning Emerson, which will begin construction through Hutchies in February, will be an $8 million penthouse, which is yet to be snapped up.

123OBR, Broadbeach

Three-bedroom full-floor apartments from $2.65 million 

123OBR

123OBR 123 Old Burleigh Road, Broadbeach QLD 4218

The Brisbane-based developer Bottega Group are marketing their $52 million Broadbeach apartment block, 123OBR, described as vertically stacked verdant Queensland beach houses.

Named after its location of 123 Old Burleigh Road, one row back from Broadbeach, and designed by Woods Bagot, 123OBR will have 14 whole-floor apartments, as well as a whole floor resort deck half way up the tower.

Priced from $2.65 million, a typical whole-floor apartment at 123OBR will offer 224 sqm of living space with three bedrooms with walk-in wardrobes, two bathrooms and an open plan living and dining areas which have views through the floor-to-ceiling glass windows.

La Mer

Three-bedroom full-floor apartments from $3,245,000 

Residents of the new luxury Main Beach apartment development, La Mer, will have the ultimate Gold Coast lifestyle on their doorstep when the whole-floor apartments are finished in late 2023.

Across the road from the beach on Main Beach Parade, La Mer comprises just 29 apartments across its 34 levels, with only a handful of apartments remaining.

Just whole-floor apartments, starting from 307 sqm, La Mer is pitching itself as the ultimate downsizer development. “Transitioning from a house to an apartment has never been easier,” NPA Projects, who are marketing the development, suggest.

Communal recreational facilities also sprawl across an entire floor, a blend of physical wellbeing and entertainment facilities. There’s a 13-metre pool, which is cleverly designed to be private, while also being open plan to take advantage of the consistent Gold Coast climate and the views to the beach.

La Mer

La Mer 3580 Main Beach Parade, Main Beach QLD 4217

 

Article Source: www.urban.com.au

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Gold Coast

How prestige buyers shaped the Gold Coast’s record-breaking property boom

Two years ago, prestige property prices across the Gold Coast were all but becalmed on a stagnant sea that left luxury mansions sitting like flotsam and jetsam in the listings following a decade of static growth.

But just when it felt like the city’s gleam could fade, the perfect storm of COVID-19 and low interest rates propelled luxury home prices to unprecedented heights to cement a year of record-breaking growth that saw Surfers Paradise and Southport named two of the country’s top-selling suburbs.

Fuelled by a mammoth sea-change trend, home prices in primely positioned pockets across the ‘’glitter strip” rose by up to 44 per cent and shot 11 suburbs into the million-dollar-median club – a club that consisted of just Mermaid Beach and Surfers Paradise 12 months earlier.

The figures, lifted from Domain’s September House Price Report for 2021, revealed buyers converged on the luxury property sector like moths to a flame with Miami house prices shooting beyond 44 per cent to $1.205 million in a year and Mermaid Waters house prices rising by 41.9 per cent to $1.22 million.

Gold Coast

The pandemic created perfect conditions for the Gold Coast prestige market to experience high levels of growth. Photo: Supplied

In neighbouring Mermaid Beach, a colossal 32.4 per cent hike sent house prices to a historic $2.075 million.

But while the voracious growth decimated stock levels and burst the seaside dream for thousands of buyers hoping to bag a bargain by the beach, Ray White Surfers Paradise Group CEO Andrew Bell said after almost 24 months of price hikes the fever was breaking.

“Twenty months ago, you couldn’t have imagined the prices we’d achieve. This is the greatest boom in the history of the country … and the last thing I can remember that was close to this was 1988 and ’99 after the stock market crashed,” Bell said.

“People pulled their money out of shares and ploughed it back into real estate but it was short-lived. This boom is even stronger.

“The difference now is the cheap money. People are more cavalier with it and it’s so affordable.

“But all markets, whether it’s gold or oil, go through cycles and property is so aligned to the economic cycle. So, we were due for a boom … and if you follow the cycles, two years of a boom market is about as long as they last.

Gold Coast

The property boom in the Gold Coast has been one of the highest in years. Photo: Supplied

“Now there are signals out there showing the brakes are being applied whether that’s the regulations into borrowing [announced on November 1], chats about interest rates rising and then affordability being tested. You get half a dozen of those things like this and it’s like putting an anchor out.”

While the anchor might have been dropped, the city moved up the search rankings to top place for overseas buyers, according to PropTrack’s Overseas Search Data Report released last month, with units in Surfers Paradise topping the national list for sales value, according to figures found in the Domain House Price Report.

The mass return of expats could also see the anchor lifted in early next year, with the city’s annual auction – called The Event – tipped to be the best yet for the Ray White Surfers Paradise Group when it kicks off on January 23 at RACV Royal Pines Resort in Benowa.

Looking back over the past year, prestige property specialist Michael Kollosche, of real estate agency Kollosche, said the depth of the market was astonishing and had resulted in the firm collecting just over $230 million in unconditional sales in October alone.

The team also achieved a handful of jaw-dropping sales such as 159 Hedges Avenue, Mermaid Beach, which recently fetched $15.75 million.

“There have been a lot of sales in that $10 to $16 million range this year and a large portion of them were to locals with a few coming out of Sydney and Melbourne,” Kollosche said.

“I sold a block of land alone [900 square metres] at 139-141 Hedges Avenue for $17.5 million [in August].

Gold Coast

With the Olympics being hosted in nearby Brisbane, the market for the Gold Coast is set to continue its upward trajectory. Photo: Supplied

“I think the market will remain reasonably stable over the next 12 months because the Gold Coast is well-positioned with the [Brisbane 2032 Olympics] and there’s a lot of infrastructure spending.”

For the team at Amir Prestige Property Agents, the year was equally fruitful, after principal and director Amir Mian collected a suburb-record-smashing $23.75 million for the spectacular 5 McMillan Court, Southport, in March this year.

The sale came hot on the heels of yet another record-breaking sale for the firm at 187-191 Hedges Avenue, which achieved $22.5 million in the latter half of last year.

“The Gold Coast is poised for a pretty good decade between now and the Olympics … and I think it’s to do with the number of buyers who want clean air, a nice environment and a nice back yard,” Mian said.

“A highlight sale for us was 41-45 The Promenade, Isle of Capri, which sold for $26.998 million … all our top sales were pretty much suburb record-breakers … and people are more than just getting caught in the Gold Coast movement – they are putting their kids in the school here, and they are changing their jobs to live here.”

Top three Gold Coast homes on the market:

2585 Gracemere Circuit, Hope Island

Versace-inspired seven-bedroom, seven-bathroom mansion on a sprawling 5371-square-metre block with river and hinterland views.

Additional features include a swimming pool, spa and a king-sized pontoon.

Claire Dai from Kollosche is selling the home with a guide of $16.8 million.

Gold Coast

2585 Gracemere Circuit, Hope Island QLD 4212

5681 Anchorage Terrace, Sanctuary Cove

Meticulous six-bedroom, six-bathroom waterfront estate on a 2360-square-metre block.

Luxury additions include marble floors, a gold-class style home cinema, a billiards room and a double-length pontoon.

Amir Mian from Amir Mian Prestige is selling the home with a guide of $12.85 million.

Gold Coast

5681 Anchorage Terrace, Sanctuary Cove QLD 4212 

22-24 Admiralty Drive, Paradise Waters

A prime 1351 square metres of one of the Gold Coast’s most elite pockets with striking architectural finishes throughout the five-bedroom, seven-bathroom home that features a media room, an enclosed indoor swimming pool, and a riverfront pontoon.

Robert Graham from Ray White Surfers Paradise takes the home to auction on January 23.

 

Article Source: www.domain.com.au

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