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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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Gold Coast

DVB Lodges Three-Level Penthouse Plans for Broadbeach Tower

A luxury three-level penthouse will sit atop a proposed DVB Projects’ 26-storey apartment tower in Broadbeach, according to freshly lodged development plans.

The Sydney-based developer lodged an application for the 99-metre residential tower at 2 First Ave and 88 Old Burleigh Road, for an amalgamated 1186sq m site.

Part of the site, which spans 531sq m, was formerly owned by property veteran Kevin Seymour.

DVB Projects, led by managing director Dean Brown, is now at the helm of the luxury project—a Rothelowman-designed tower—with plans lodged to Gold Coast council last week.

The tower will comprise 35 high-end apartments, and includes a five-bedroom penthouse spanning levels 24, 25 and 26, planning documents show.

Brisbane property veteran Kevin Seymour had originally purchased the 2 First Avenue site for $6 million in 2018 with plans for a $32 million Bureau Proberts-designed boutique apartment project.

Seymour’s vision included full-floor apartments that started at $3.35 million. But instead, he offloaded the beachfront property—a two-storey mansion—in May last year for $7.1 million.

DVB then began demolition work in July 2020 on the project, previously flagging plans for a nine-storey development.

Council overlay mapping shows the area does not have a building height limit.

Brown said that the recent project lodgement represents a “significant improvement” on the existing DA due to the acquisition of the adjoining 88 Burleigh Road site, spanning 655sq m, for $6.8 million.

“As DVB Project’s first Gold Coast development, it was critical we sought to establish a building that delivered on the unique expectations of a discerning downsizer market,” Brown said.

DVB is also behind an 11-apartment waterfront development in Brisbane’s inner-city suburb of Bulimba.

Broadbeach

▲ Plans for a 26-storey beachfront apartment tower have been lodged for 1 Second Avenue, and 88 The Esplanade, Broadbeach. Image: Rothelowman.

While the Gold Coast’s southern end has been a hive of development activity, nearby construction work officially started on The Star Entertainment Group’s Tower two plans, a 63-storey tower also located in Broadbeach.

Developer Sunland received council approval this week for its $82 million retail project, located within the 42-hectare Lanes Residences development at Mermaid Waters.

Gold Coast developer Azzura Investments is looking to fast-track its construction program in the first stage of its $2.3 billion Imperial Square development in Southport.

Azzura, headed by Gold Coast developer Robert Badalotti, says it has recorded $22.5 million in sales for the first stage of its Imperial Square project, located on 1.34 hectares at 59-73 Meron Street.

The sales comprise 53 apartments in the $155 million first stage, known as Regal Residences, which spans 145 apartments and 200 hotel suites over 18 levels.

Further south, Todd Mould and Aaron Peel’s Allure Property this month lodged plans for a 17-level tower overlooking the beach at Burleigh Heads.

The development is proposed for an 809sq m site, located at 1 Second Avenue, and 88 The Esplanade.

 

Article Source: theurbandeveloper.com

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Gold Coast

Melbourne’s Smorgon family list Main Beach penthouse

Melbourne

The 1995 apartment was secured for $2.375 million in 2000 when bought by Minnie Smorgon and her late husband Sam.

The Smorgon steel family of Melbourne has listed its penthouse atop the Waratah, Main Beach complex on Queensland’s Gold Coast

The 1995 apartment was secured for $2.375 million in 2000 when bought by Minnie Smorgon and her late husband Sam.

The four bedroom penthouse at 94/22 Montgomery Avenue, Main Beach is spread across 758sq m, with its rooftop space coming with a pool, spa and sauna.

Duncan Longmore of Kollosche Prestige Property has scheduled a February 21 auction.

The median unit price at Main Beach is $740,000, according to realestate.com.au.

 

Article Source: www.urban.com.au

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Residential

Former Socceroo Brett Holman buys Peregian Beach new-build

Peregian Beach

The former Socceroo Brett Holman and wife Femke have downsized on the Sunshine Coast.

Having sold their Peregian Beach holiday home for $2.55 million mid-way through last year, they’ve gone off-market to secure a near new property in the same coastal suburb.

They’ve spent $1.15 million on a home on the Peregian Golf Course.

Only completed last year, the home has five bedrooms, including a master with its own sitting area, walk in wardrobe and ensuite which spans the entire length of the top level.

There’s a dedicated media room, a kitchen with butler’s pantry and an alfresco area overlooking the pool.

Peregian Beach

Richardson & Wrench Noosa agent Kerry Sullivan secured the sale off-market.

The Holman’s had previously nearer the beach, but flipped the modern 2018-built home half way through last year.

Having paid $1.95 million, they sold the Tim Ditchfield-designed four bedder for $2.55 million.

Holman, who runs a small football academy in the Sunshine Coast, and Femke are based in a five bedroom home in New Farm, which they bought for $2.43 million in 2016 when returning to Australia after spending 14 years playing soccer across Europe and Asia.

Born in Bankstown, Holman started his soccer career at Parramatta Power in the NSL before joining Dutch club Feyenoord in 2002.

Holman left Holland in 2012 to join Aston Villa in the English Premier League for a season then went on to play in Dubai and Abu Dhabi.

Holman has represented the Socceroos 63 times, scoring nine goals.

 

Article Source: www.urban.com.au

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