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Brisbane’s cheapest suburbs to rent

Suburbs within Logan and Ipswich areas are Brisbane’s cheapest for tenants, new data shows. Tenants seeking cheap house rentals should look in Inala, Wacol and Acacia Ridge, according to Domain Group data. Brisbane’s cheapest suburb for houses is Inala, with median rent at $320. Neighbouring Wacol has a median of $345 and Acacia Ridge is also a good option, with…Read More→

Brisbane’s cheapest suburbs to rent

Suburbs within Logan and Ipswich areas are Brisbane’s cheapest for tenants, new data shows.

Tenants seeking cheap house rentals should look in Inala, Wacol and Acacia Ridge, according to Domain Group data.

Brisbane’s cheapest suburb for houses is Inala, with median rent at $320. Neighbouring Wacol has a median of $345 and Acacia Ridge is also a good option, with median house rentals of $350.

Brisbane’s cheapest suburbs to rent

 

Tenants

searching for units could find good deals in Sandgate, with medians of $245, making it the cheapest place for unit rentals in Brisbane. Tarragindi has the second lowest median, at $265. And a rental in Nathan will set tenants back $280.

Domain Group chief economist Andrew Wilson said Ipswich and Logan have continued to offer the cheapest rentals in Brisbane for tenants.

“The Ipswich rental market is reflected by the house price market as being the most affordable,” Dr Wilson said.

“Logan has a reasonably small unit market and has been very popular with investors – and I believe more investors will come into the Logan market.”

Inala Coulson real estate principal Brian MacDiarmid said tenants have clued on to the suburb’s affordability and rentals have been going fast.

“The area has changed a lot over the past five years, making it one of the most sought after areas in Brisbane,” Mr MacDiarmid said.

“We are seeing a good mixture of tenants here and it’s close to the city, motorways – and of course low rental prices.”

In the Moreton Bay area, Caboolture south offers the best bargain house rent, with a median of $300. Caboolture could also be the best place to nab a rental unit, with medians at $270.

Russell Island has the cheapest house rent in Brisbane, with a low median of $230. However, it could cost Redland tenants more than twice that on shore, with the cheapest unit median price in Thorneside priced at $375.

Woodridge, Waterford West and Eagleby offer the cheapest rents in Logan, with Woodridge nudging the lead as cheapest with a median of $305. Waterford West medians are $310 and Eagleby $320.

The Logan unit median is sitting consistently low, with Logan Central, Woodridge and Mount Warren Park all with a median of $260, making units a good choice for south Brisbane tenants.

West Ipswich house rentals were a stand-out, with medians of $260, the cheapest on shore house rent in Brisbane. Other Ipswich areas are also good options for tenants, with Leichhardt and One Mile both with a median of $270.

Units in Ipswich are cheapest in central Ipswich, North and East Ipswich, with medians of about $250, only slightly cheaper than house rentals in the area.

First National action realty Ipswich principal Garth Llewellyn said single unit dwellings are becoming most popular with tenants in Ipswich.

“Both housing and units are proving very popular with our tenants, but single units are very favourable with tenants at the moment,” he said.

“More and more people are being attracted to the low prices and progressiveness of Ipswich.”

 

Originally Published On: http://www.domain.com.au/

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Home Improvements

Top Tips To Make the Most of Your Outdoor Space

Make the Most of Your Outdoor Space

The Covid epidemic has taught us how precious outdoor space is. Time spent outside is vital for physical and mental health. However, the backyard or garden has become an often neglected space, with so many people in our modern world being too busy and not having the time to take proper care of the area.

These areas are often wasted spaces which is such a shame when they have so much potential and there are easy and low-maintenance ways to give them that vital boost which will, in turn, boost you and your family’s physical and mental health.

By utilising some of our top tips, you can fully enjoy your outdoor space all year round. With the proper adjustments and accessories, you can now extend your enjoyment to any time of day or night and also any season. And you don’t even need green fingers.

In this article, we will look at different ways to help make the most of your outdoor space.

Create Coverage

Don’t let the weather keep you from using your outside space: these stylish patio roof ideas

will turn your unused outdoor space into a protected, usable, and functional patio area ideal for barbeques, entertaining, or for your kids to play in.

Top Tips To Make the Most of Your Outdoor Space

Add Decking

Extend your living area with a deck. Stylish decking does not only look amazing, but can offer year-round protection while also providing an entertainment area that the whole family can enjoy.

Decking can be designed to be at ground floor level or elevated to be at first-floor level to take advantage of views and/or maximise your garden space.

Add Warmth and Provide Heat

Patio heaters and outdoor fireplaces are two of the many heating alternatives to add character to an outdoor setting. For those chillier nights, an outdoor fireplace or fire pit can add a lot of atmosphere to a place and make it seem a lot cosier. They can also be really romantic.

Patio heaters may lack the atmosphere of a fireplace, but they are practical and easy-to-use heating options for your outdoor living space that may extend your calendar of outdoor gatherings by several weeks. They are also great focal points for parties.

Pick the Right Furniture

Because you’ll be spending a lot of time out on your patio and decking, you’ll want to make sure you have enough of the right kind of furniture. Outdoor furniture nowadays is made of high-quality, weather-resistant materials and fabrics that can withstand the weather.

There are some incredibly stylish choices around that are long-lasting and weather resistant. Consider synthetic rattan, which is attractive all year and can withstand the rain. Don’t forget to add colourful throws and blankets to make evening or winter gatherings that much more cosier.

Add outside lighting

In the summer, some lighting systems or lamps will help create a joyful atmosphere. Fairy lights can look magical all year round.

As days become shorter, add extra lighting to brighten your outside spaces. Solar and LED lighting fixtures are available, uplighting trees or fences creates visual interest and can expand the impression of the patio.

You may also consider some ornamental lamps to illuminate the steps and path for when you want to get back inside and for added safety for children.

Make A Living Room For Social Gathering

Just because you’re arranging for a place other than your inside home doesn’t mean you must forget about the concepts of social design. When it comes to outdoor spaces or patios especially, it’s easy to overlook this and just push all of the furniture up against the house, so that when everyone sits down, they’re facing away from the house.

If you add an extra sofa or pair of seats facing the home, all of your guests will be able to converse with one another, play cards or board games, socialise, or have meals in an outside setting that seems as cosy and personal as a living room.

Consider An Outdoor Kitchen

Because the kitchen is the core of any house, an outdoor kitchen should be considered for any outdoor space or patio. Creating your second kitchen will not only save you time from running back and forth in and out of your house, but it will also provide a terrific entertaining space.

Outdoor kitchens have become increasingly popular, mainly because cooking outdoors is less of a work and more of a pleasure. This is much more than just a backyard barbecue.

The grill is usually the focal point of any outdoor kitchen, but with the appropriate design, you can do a lot more than just grilling. You may create an open-air kitchen that contains a sink, a refrigerator, or any food prep facilities that you need.

Bring in Some Plants

Plants will give your outdoor space that extra boost. Some cleaver and low-maintenance planting can make all the difference. However, if you can’t face plants dying on you or cutting them back, there are many realistic artificial UV resistant plants and trees nowadays that few will know are not the real thing.

Adding a bit of colour and texture in your garden and patio area will lighten the architectural elements and give them a new breath of life. As a result, you’ll have a welcoming and pleasant patio area.

You can buy a few pot plants, plant some around the area, or do a mixture of both. Hanging baskets can also look wonderful.

Don’t Forget About The Decoration

The same rules apply to your outdoor space as they do to your bedroom or living room. Things might grow boring after a while, but changing up your outside space or patio, particularly as the seasons change, can keep it attractive, colourful, and appealing.

Try to bring art and decoration to your patio to make it a true outdoor living space. Make sure to choose neutral tones for your furniture, which you can then improvise with by switching up with different accessories like rugs and cushions from one season to another.

Conclusion

Your outdoor space is a versatile living space that you should make the most of. Even if you are disabled (or just very busy) and cannot keep up with maintaining a garden, you can have a beautiful outside space everyone can enjoy with these ideas.

 

 

 

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Gold Coast

Macquarie Moves Ahead on 52-Storey Broadbeach Tower

Macquarie 1

Macquarie Developments Group is finally moving ahead with its plans to build a 52-storey apartment tower in Broadbeach.

It comes after more than $35 million in sales within a week of its launch and amendments to city plans to boost the tower height from the 2016-approved, 41-storey plans.

The Sydney-based developer applied to the Gold Coast City Council to make the change to the $250-million Assana tower in mid-late 2021 for the tower planned for 15 Rosewood Avenue, Broadbeach, on the corner of the Gold Coast Highway.

This changed the offering within the tower significantly to “house-like proportions”, reducing the number of apartments from 186 to 146 while increasing the bedroom count from 294 to 397.

SJB Architects designed the tower for the 1235sq m site with Arcadia Landscape Architecture responsible for the landscaping.

Assana’s design included 47 residential levels, a ground floor lobby and retail area as well as communal facilities on the mezzanine and level 10.

There would be three five-bedroom apartments, 63 two-, 64 three- and 16 four-bedroom apartments in the tower.

Macquarie

▲ The Assana tower in Broadbeach replaces a vacant block next to the Gold Coast light rail between Cascade Gardens and the beach. 

Macquarie Developments Group chief executive Peter Galvin said they were feeling positive about the project and potential for more developments in the area.

“The response has been great with most of the purchasers commenting that they really like the large apartments as they provide great value for money,” Galvin said.

“They are also impressed with the smart home automation that is all part of the package and the high-level appointments.

“I have always been interested in the Gold Coast and really love the lifestyle that the area provides.

“We also feel that there is true value in developing on the Gold Coast compared to Sydney and other areas in Australia at this current time, however, we are always on the lookout for opportunities.”

SJB director Nick Hatzi said the building was uniquely positioned and would set a precedent for the immediate area.

“It’s currently the only tower in that block, so for us it was very much about getting off on the right foot and showing the direction for the future character of the area,” Hatzi said.

“The curved façade corners and articulated shape have been carefully designed to reduce bulk, maximise views and daylight whilst also responding to the site’s high wind conditions to make usable spaces and providing better amenity for the residents and guests.”

The high unit sales for this development follow a trend for the city which pushed Broadbeach into the top five regional locations for apartment sales in the country.

It recorded $510 million in sales in the 12 months to September 2021 across 654 units.

Laver Residential Projects director James Lampropoulos said the views, location and size of the apartment helped with sales in the ultra competitive market.

“They [they buyers] are also very reassured to know that our project is DA approved and we have one of Australia’s largest tier one construction firms in Multiplex involved, with the expectation we’ll be breaking ground before the middle of the year,” Lampropoulos said.

 

Article Source: www.theurbandeveloper.com

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Residential

Owners Cash In as Residential Resale Gains Skyrocket

Residential

The biggest returns on residential resales were made in years not decades as profit-making resales across Australia continue to rise.

Those who ignored residential property price speculation in early 2020 and got into the market, in the nick-of-time, are the biggest winners, according to Corelogic’s latest Pain and Gain Report.

People who held onto residential properties for two years achieved the highest annual profit return, with a median gain around $120,000.

This compared to the other end of the spectrum with properties held for more than 30 years having the highest median gain of just over $745,000.

The report showed profit-making resales rose 92.4 per cent in the September quarter despite widespread lockdowns impacting transaction volumes.

Regional sales had an even higher rate of profit from resales at 93.1 per cent, with the biggest gains made in Hobart, followed by Bendigo, Hume, the Sunshine Coast and Ballarat.

Corelogic head of research Eliza Owen said it was another remarkable result given this quarter was marked by lockdowns across Sydney, Melbourne and the ACT.

“The increase in the rate of profit-making sales is a reflection of strong capital growth across Australian dwelling markets despite Covid-induced disruptions to transaction activity,” Owen said.

“The three months to September was the fifth consecutive quarter in which the rate of profit-making sales across Australia increased.”

The report analysed around 99,000 dwelling resale transactions during the period, down from 106,000 resale events in the June quarter, which likely reflected increased restrictions in that quarter.

The national median nominal gain was $270,000 with total resale profits at $27.3 billion, while median losses were -$37,000, or a total of -$368 million.

Looking forward, profit made in the coming quarters is expected to rise, however, Owen advised caution.

“There are accumulating headwinds for property market performance in the coming months, in the form of higher supply of advertised stock, normalising interest rates, affordability constraints and the possibility of tighter lending restrictions,” Owen said.

“A downswing in Australian housing market values would ultimately impact the profitability of resales, particularly for recent purchasers.”

 

Article Source: www.theurbandeveloper.com

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