Here’s our pick of the best buys in Brisbane at the moment – and they start at just $349,000.
1003/1918 Creek Road, Cannon Hill
If Rover needs a new home too, this two-bedroom two-bathroom apartment may be worth a walk-by. Its complex, which is pet friendly, has a pool and deck on its rooftop with CBD skyline views, onsite management, a dedicated car park on title and guest parking. Ceiling-to-floor glass doors open to an al fresco entertaining terrace. A private courtyard and European kitchen appliances are boons.
Place, Anissa Deacon 0412 212 760
936 South Pine Road, Everton Hills
The rear view from the balcony of this 50-something house will never age. A lush native green panorama meets the back deck of this three-storey, three-bedroom 1970s residence, which occupies an elevated 607-square-metre block. A massive 6.75 metres by 4.16 metres of space under the house currently only contains a laundry, but it could be redesigned for further domestic purposes.
Agency, agent mobile 0411 033 892
250 Muller Road, Taigum
White metal security gates front the garage and patio of this brick-and-tile house, creating a slick, spick-and-span street facade. The three-bedroom lowset has been in the hands of its vendor for 20 years. It has 220 square metres of under-roof space, and two sheds, on a landscaped 707-square-metre block. Boondall State School is about 700 metres away.
Ray White, Josh Micallef 0435 586 936
5/26 Lang Parade, Auchenflower
This is one for the shortlist of buyers hunting a cheapie only a block from the river and three kilometres from the city centre. The median sale price for two-bedroom apartments in this inner-west hotspot is $448,000, so on numbers alone, it is eye-catching. There are 12 in its block, and it sits on the first floor at the rear, with a garage, a modern kitchen and balcony.
Vivid Property Group, Tom Murphy 0401 312 116
2 Marroo Street, Coochiemudlo Island
Locals in this Moreton Bay suburb don’t telecast the fact they live less than an hour from Vulture Street. This two-year-old Hamptons-style cottage house offers a good, breezy beach lifestyle to a future owner. It has two bedrooms on 511 square metres of land, 2.7-metre ceilings, a shed, and one of those deep front porches that make it super-easy to adjust to an island life.
Island Homes Real Estate, Karen Jackson 0413 370 562
3 The Rise, Underwood
Listen up, buyers who like the idea of buying on The Rise. Here is a large, five-bedroom house with double garaging on a fenced 700-square-metre block of land. It has both formal and casual living zones and a main bedroom suite with a dual-basin en suite. There are six air-conditioners, three toilets and Kuraby state primary school is 600 metres away.
Ray White, Vin Gulati 0423 000 237
Article Source: www.domain.com.au
Charter Hall leads the charge with $560m industrial deals
Funds management and development juggernaut Charter Hall has swooped on $560 million worth of industrial properties as it builds its pipeline to service the explosive growth in the ecommerce, data and cold storage sectors.
Defying the pandemic-hit market conditions, it has acquired and settled 17 assets which have lucrative high-quality tenant covenants, with long lease terms ranging up to 16.9 years and located in large industrial precincts with proximity to major infrastructure and metropolitan areas.
Further boosting its $16 billion pipeline, Charter Hall has purchased a number of development sites that come with surplus land for expansion and development. The group has forecast the industrial portfolio will grow beyond $20 billion.
Charter Hall is an ASX-listed $7.75 billion diversified manager that specialises in assets with long leases across the traditional sectors of office, retail and industrial as well as fast-moving consumer foods, pubs, healthcare and childcare.
Charter Hall chief executive David Harrison said the acquisitions build on the group’s strong momentum in acquiring high-quality industrial assets in prime locations across Australia.
“We continue to lead the Australian market in deal volume, and our ability to secure high-quality assets off-market continues to deliver long-term value for the business and superior outcomes for our capital partners and investors,” Mr Harrison said.
Major tenant customers secured with the latest acquisitions include Australia Post, Toll, Border Express, Cleanaway, Zirconia (Iron Mountain) and state government agencies. One large site is the distribution centre in Lytton, Brisbane leased by Kmart.
Charter Hall industrial and logistics chief executive Richard Stacker said with a further $3 billion of investment capacity together with a captive development pipeline, “we would expect our $16 billion industrial portfolio to grow beyond $20 billion over coming years.”
The deals reflect how the country’s commercial property sales moved up a gear in the second quarter, with the industrial sector posting the strongest ever quarterly deal flow, the latest Australia Capital Trends report from Real Capital Analytics (RCA) shows.
Benjamin Martin-Henry, RCA’s head of analytics, Pacific, said quarterly sales of industrial stock outpaced offices and retail properties combined for only the second time since the start of 2020, having never achieved this feat in the previous two decades.
“This record was despite a relatively quiet first quarter for the industrial market. With a hefty deal pipeline of around $2 billion of industrial deals awaiting settlement, 2021 is highly likely to be a record-breaking year for the sector,” Mr Martin-Henry said.
Commercial property sales worth $13.4 billion were closed over the second quarter, up 15 per cent on the same period last year. For the first six months of 2021, volumes reached $21.2 billion, up 11 per cent compared to the same period in 2020.
Together with the Charter Hall deals, Blackstone completed the sale of the Milestone Industrial Portfolio to GIC and ESR for $3.8 billion, while LOGOS, together with partners Australian Super, Ivanhoe Cambridge, TCorp and AXA IM Alts, bought Australia’s largest intermodal logistics facility – Moorebank Logistics Park (MLP) in Sydney – for $1.67 billion from Qube.
Article Source: www.brisbanetimes.com.au
Bridge to 2032 – Brekky Ck span approved, missing link for Games athletes’ village
Brisbane is set to have another major infrastructure project underway by the end of the year after Lord Mayor Adrian Schrinner lodged the final design of the Breakfast Creek green bridge with planning officers for approval.
The $67 million project is likely to provide a smoother connection for pedestrians and cyclists moving between the fast-growing riverside development at Northshore Hamilton and the CBD.
The 80-metre arch will cross Breakfast Creek to connect Newstead Park with the existing Lores Bonney riverwalk which was part of the now completed Kingsford Smith Drive upgrade.
“This is a crucial step towards securing the final approvals we need to commence work on the green bridge that will provide a $67 million investment in local industry, deliver a new active transport options and create 140 local construction jobs,” Schrinner said.
“The Lores Bonney Riverwalk is currently used 2300 times a day, and this new green bridge will improve safety and increase capacity to the riverwalk by creating a continues walking and cycling connection.”
He said the Breakfast Creek project would join the now-approved Kangaroo Point green bridge as fast-tracked investments to create jobs as the city headed out of the coronavirus pandemic.
The council has also linked the project to the 2032 Olympics, saying it will be a “key connector” for the planned Athletes Village at Hamilton and provide a critical transport link for the Games.
Two other cross-river pedestrian and cycle links connecting Toowong to West End and St Lucia to West End remain on the council’s green bridge program books but are yet to be funded.
The council insists the remaining bridges need federal and state government funding to go ahead.
Article Source: inqld.com.au
Green ‘Grand Central’: Cross River Rail unveils changes to parklands vision
Developers of Queensland’s biggest infrastructure project, the $5.4 billion Cross River Rail, appear to have bowed to public pressure and moved to preserve more public space in its redesign of the city’s Roma Street parklands precinct.
The Cross River Rail Delivery Authority has confirmed it will allow more public open space in a revised development plan for the area.
A new development scheme for the Roma St precinct, which will contain the state’s most most important transport interchange (dubbed Grand Central) as well as the proposed Brisbane Live arena, identifies new green areas and more affordable housing than was originally planned.
The Palaszczuk government has insisted that the development of an underground Roma St station as part of Cross River Rail is a chance to revitalise an under-used part of Brisbane into a major opportunity for private investment.
The government expects that over the next 15 years there will be nearly 4200 new residents and more than 19,700 new workers within the 32 hectare Roma Street priority development area, bounded roughly by Wickham Terrace, North Quay and College Rd.
However, the delivery authority came under fire for giving over part of the Roma St parklands which houses a public car park and Brisbane City Council maintenance depot to residential and commercial development.
The authority now says under the finalised development scheme the precinct would have more “publicly accessible open space”.
“The existing 11 hectares of publicly accessible open space within the Roma St Parklands will not only be protected forever, but will be expanded even further by more than two hectares,” the authority said in a statement.
“The development scheme also provides for new social and affordable housing as part of new residential buildings parallel to the rail corridor, adding to the existing apartment complexes along Parkland Boulevard.”
“This scheme is all about renewing one of Brisbane’s most underutilised inner-city locations while protecting and enhancing the beautiful natural features that already exist. ‘
About 46,000 people each weekday are expected to use the new high-capacity underground station at Roma Street by 2036.
Article Source: inqld.com.au
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