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Cycling on Brisbane Bike Paths

Cycling on Brisbane Bike Paths

 

Brisbane has an extensive and growing network of bikeways.

Through the Better Bikeways 4 Brisbane program, Brisbane City Council is investing $100 million between July 2016 and 2020 on bikeways to improve access to local destinations and the city centre. The Lord Mayor’s signature bikeway projects include:

Training rides

Brisbane has many popular training rides. Here are two of the best loops to try.

Mt Coot-tha loop

The ride begins at the base of Mt Coot-tha on Sir Samuel Griffith Drive. Ride in a clockwise direction for a moderate in-the-saddle climb, or in an anti-clockwise direction for a challenging, leg-burning ascent. The loop is approximately 12 kilometres. Ramp up your hill training with this heart-pumping ride and be rewarded with amazing views at the summit lookout.

Brisbane River loop

This 35-40 kilometre ride includes bikeways and on-road riding in South Brisbane, Brisbane City, Milton, Auchenflower, Toowong, St Lucia, Indooroopilly, Chelmer, Graceville, Tennyson, Yeronga, Dutton Park, Highgate Hill and West End. There are lots of variations to the loop and it can be completed in either direction (generally anti-clockwise for training), with many people beginning and ending the ride at South Bank.

For more information on training rides and other bikeways, visit cyclingbrisbane.com.au

Brisbane Cycling Festival

The annual Brisbane Cycling Festival brings the best of the world’s track cyclists to the Anna Meares Velodrome at Chandler. It also includes competitive road races and mass participation events.

 

Brisbane’s bikeways

Brisbane’s bikeways are a great way of getting to and from where you are going without the hassles of finding a car park and being stuck in traffic.

Ride around the city

Council is building a bikeway network for the whole city. To keep up with new bikeways and consultations, sign up to Cycling Brisbane (see page 2).

For suggestions about where to ride, visit cyclingbrisbane.com.au/bikeways/brisbane-bikeway-rides

Beat the heat

Brisbane summers are hot, so it’s good to know that leafy parts of the city can be more than five degrees cooler than treeless areas, which make them more pleasant places to ride. Bikeways are often located through parks and alongside waterways.

You will find stretches of leafy shade along:

  • Bulimba Creek Bikeway (map 13)
  • Cabbage Tree Creek Bikeway (map 8)
  • Enoggera Creek Bikeway (map 9)

Alternatively, you may want to consider an electric bike (e-bike) to help keep you riding all year round. E-bikes give a power boost provided you are pedalling. They may help you to keep riding through heat and humidity, and over hills.

Brisbane Bike Path maps

Inner North to City Centre

The North Brisbane Bikeway is being constructed in stages to connect northern suburbs such as Aspley, Chermside, Kedron, Lutwyche, Wooloowin and Albion to the city centre. The project is a partnership between Council and the State Government.

Currently the stages from Albion are complete, and construction is underway to extend this to Wooloowin.

Council has consulted on a 1.2 kilometre connection from the intersection of Chalk Street and Bridge Street in Wooloowin to the Kedron Brook Bikeway adjacent to Bradshaw Street in Lutwyche.

The existing separated bikeway runs south from Windsor Park towards Victoria Park, and is a direct connection to the Royal Brisbane and Women’s Hospital and the Brisbane Showgrounds. From here, the bikeway is shining brighter than ever, following the completion of the Normanby Fiveways Bikeway lighting project. The bikeway continues through Roma Street Parklands and into the city centre.

Cycling on Brisbane Bike Paths

Inner South to City Centre

People on bikes travelling from the south can use the Veloway 1 that runs alongside the Pacific Motorway. This connects directly to the Kangaroo Point Bikeway and the city centre.

Use the bikeway to access the city centre from Tarragindi, Holland Park, Greenslopes, Buranda and Woolloongabba. An improved link is being constructed between Holland Park and Tarragindi that will provide a safer bikeway connection to the suburbs beyond.

Destinations on the Veloway 1 include the PA Hospital, Griffith University and stations along the South East Busway.

Cycling in Brisbane

Inner East to City Centre

You can ride to the city from the east on both sides of Brisbane River.

From the northern side, use the recently completed 1.2 kilometre Lores Bonney Riverwalk from Bretts Wharf Ferry Terminal to Cameron Rocks Reserve at Breakfast Creek. Continue along the river through Newstead, Teneriffe and New Farm Park. Use a short section of road to connect with the New Farm Riverwalk to Howard Smith Wharves and beyond to Eagle Street and the City Botanic Gardens.

On the south side of the river, use the off-road shared path on the river side of Wynuum Road. A new bike path is being constructed at East Brisbane as part of the Wynnum Road corridor upgrade. A mix of quiet roads and shared pathways takes you under the Story Bridge through Captain Burke Park, and connects to the new Kangaroo Point Bikeway and over the Goodwill Bridge to the city.

Brisbane Bike Paths

Inner West to City Centre

From Kenmore, Indooroopilly and Fig Tree Pocket, use the Centenary Bikeway that runs adjacent to the Centenary Freeway to Toowong. You can also link to the Mt Coot-tha Botanical Gardens via a dedicated active travel bridge.

Ride through Toowong along Sylvan Road, which now utilises peak period bike lanes. Between 6-9am for inbound traffic and 4-7pm for outbound traffic, from Monday to Friday, parking spaces along Sylvan Road are a no standing zone, meaning bike riders have more on-road space.

Connect with the Bicentennial Bikeway to complete your journey to the city along the Brisbane River. The Bicentennial Bikeway features separated pedestrian and bikeway pathways along its entire 2.7 kilometre length.

cycling brisbane

Mitchelton to Toombul (Kedron Brook Bikeway)

The Kedron Brook Bikeway stretches for almost 20 kilometres from Mitchelton to Nundah using a mixture of off-road shared pathways and separated bikeways. It runs through Everton Park, Stafford, Grange, Gordon Park, Lutwyche and Kedron.

Use the bikeway to get to local schools, shops, sports clubs and busway stations. You can also access many creekside parks, picnic facilities, barbecues and a number of dog off-leash areas.

.Bike Paths Brisbane

Toombul to Sandgate

These bikeways connect north Brisbane suburbs to the Sandgate Foreshore and Shorncliffe Pier. The Jim Soorley Bikeway has links with Toombul Station and shops, and the Nundah Criterium Track. From here it continues along the Kedron Brook towards Nudgee Beach and the Boondall Wetlands.

Connect with the completed Gateway Upgrade North separated bikeway towards Bracken Ride, Deagon and Sandgate, with links to North Boondall Station and a range of leisure and recreation facilities including Brisbane Entertainment Centre, Boondall Wetlands Environment Centre and Bracken Ridge BMX Facility.

Quiet street links take you to the water with the Sandgate Foreshore to the north (and onward connections to Clontarf) and Shorncliffe Pier to the south.

cycling brisbane

McDowall to Virginia (Downfall Creek Bikeway)

The Downfall Creek Bikeway connects suburbs such as McDowall, Craigslea, Chermside, Geebung and Virgina with important facilities including Westfield Chermside, Chermside Library, Chermside Pool, Seventh Brigade and Marchant Parks, and Virginia Train Station.

7th Brigade Park features a 500-metre street skills course and is a great location for children to develop their bike riding skills.

Brisbane Bike Path maps

McDowall to Bracken Ridge (Cabbage Tree Creek Bikeway)

The path runs through McDowall, Aspley, Carseldine, Fitzgibbon and Bracken Ride. It connects to a number of local parks, Aspley Shopping Centre, Carseldine Train Station, the Emily Seebohm Aquatic Centre and the brand new Bracken Ridge BMX Facility. The new state-of-the-art facility is the largest of its kind in Australia, with 640 metres of asphalt track suitable for beginner through to more advanced riders.

cycling brisbane

Ashgrove to Herston (Ithaca Creek and Enoggera Creek Bikeways)

These bikeways link the north west suburbs of Ashgrove, Red Hill and Newmarket with the North Brisbane Bikeway to create a connection to the city centre and northern suburbs.

These bikeways provide access to a host of inner-north green spaces and sports clubs including Spencer Park, Finsbury Park and Downey Park.

cycling brisbane

Woolloongabba to the University of Queensland (UQ)

Travelling to the University of Queensland has never been easier thanks to the recently completed Woolloongabba Bikeway. The Woolloongabba Bikeway extends:

  • 1.1 kilometres along Stanley Street between Ipswich Road, Woolloongabba and Dock Street, South Brisbane (separated bikeway), and
  • 1.4 kilometres along Annerley Road between Stanley Street, Woolloongabba and Gladstone Road, Dutton Park (a mix of separated bikeway and on-road bike lanes).

The Stanley Street section provides convenient access to the Gabba Stadium, Mater Hospital, Queensland Children’s Hospital, South Bank and the city centre. Heading up Annerley Road provides access to Boggo Road Urban Village and the forthcoming Inner City South State Secondary College. The bikeway connects you straight to the Eleanor Schonell Bridge and through to UQ and beyond to St Lucia.

The Eleanor Schonell Bridge is the first bridge in Australia exclusively designed for buses, bikes and walking. People riding bikes have access to a separated bikeway, which provides safe and convenient access to the university for students and staff.

No bike? There are CityCycle stations located at both ends of the bridge and at docking stations along Annerley Road and Stanley Street.

You can read more about the Woolloongabba Bikeway upgrade project on Council’s website.

Brisbane Bike Path maps

Tarragindi to Norman Park (Norman Creek Bikeway)

The Norman Creek Bikeway stretches from Tarragindi to the Brisbane River at Norman Park, and provides convenient access to many local facilities including busway stations, train stations, Stones Corner Library and shops, Langlands Pool, schools, sports clubs and the Norman Park Ferry.

The bikeway also connects with paths to University of Queensland, PA Hospital and the city centre.

Cycling in Brisbane

Wynnum Manly Foreshore

This seafront bikeway provides access to Manly boat harbour and marina, Manly Pool, Manly Village, parks including Wynnum Wading Pool and playground (with Brisbane’s only tidal wading pool), and Wynnum Pier.

Connect with train stations on the Cleveland Line to create an enjoyable day out on the Wynnum Manly Foreshore.

brisbane city bike paths

Murarrie to Wishart (Bulimba Creek Bikeway)

The Bulimba Creek Bikeway stretches from Murrarie to Wishart. Use the bikeway to travel to Westfield Carindale, Carindale Library, Minnippi Parklands, Carindale Recreation Reserve and a number of other parks and open spaces.

Minnippi Parklands includes a 1.6km circular bike route around a lagoon. The smooth, flat pathway makes this a great location to learn to ride.

The northern end of the bikeway finishes at Murrarie Recreation Reserve, which includes a criterium racing track. The reserve is also very close to Murrarie Station.

brisbane city bike paths

Runcorn to Mount Gravatt

This route between Runcorn and Mount Gravatt provides convenient access to many local facilities including busways, train stations, Runcorn Pool, parks, Garden City Library and Westfield Garden City.

It also connects with the Veloway 1 bikeway, which goes from Eight Mile Plains in the south to Brisbane’s city centre.

Cycling in Brisbane

 

QUT Kelvin Grove to QUT Gardens Point

Travelling by bike between QUT Kelvin Grove and Gardens Point is a great option. This route also provides convenient access to Roma Street Parkland, the city centre and South Bank. You can also ride across two green bridges, the Kurilpa Bridge and Goodwill Bridge, where no vehicle access is permitted.

Cycling on Brisbane Bike Paths

Murarrie to Hamilton

The Murarrie to Hamilton bike ride connects you from the Murarrie train station to the Bretts Wharf ferry terminal via the Sir Leo Hielscher Bridge on the Gateway Motorway. The bridge is an important river crossing and includes an off-road shared path. To the north, the route connects with Kingsford Smith Drive and the Lores Bonney Riverwalk, and links you to inner eastern suburbs to Brisbane’s city centre. To the south, the route provides access to Carindale, Wishart and Eight Mile Plains via the link with Bulimba Creek Bikeway.

Brisbane Bike Paths

Darra to Fig Tree Pocket

These two routes provide convenient access to facilities such as the Darra train station, Mount Ommaney Shopping Centre and Mount Ommaney Library. Choose whether you take the most direct route, or ride via Rocks Riverside Park.

Use these off-road routes to try and replace short car journeys with your bike. For trips to the city, both routes connect to the bikeway that runs alongside the Centenary Freeway towards Toowong and beyond to the city centre.

Bike Paths Brisbane

Eight Mile Plains to Tarragindi

This route runs from the Eight Mile Plains bus station to Tarragindi, with an ongoing direct connection to the city centre. It includes links to Westfield Garden City, Garden City Bus Station and Library, sports facilities and Griffith University Mt Gravatt and Nathan campuses.

At Eight Mile Plains, the route connects to Wishart, Carindale and beyond via Bulimba Creek Bikeway. At Tarragindi, there is a link to the Norman Creek Bikeway, which provides access to busway stations, Stones Corner Library, Langlands Pool and other leisure facilities, schools and the Norman Creek ferry terminal.

Bike Paths

West End to City Centre

This riverside route starts at Orleigh Park and travels along the separated bike path through Riverside Parklands to Davies Park, where you can check out the Davies Park Markets on a Saturday. Ride on-road before joining the off-road bike path that links to the Kurilpa Bridge (walking, bikes and rideables only) into the city centre.

For journeys to the east and south, continue along the river towards South Bank rather than using the bridge. This route also provides easy access to the Gallery of Modern Art (GOMA), Queensland Cultural Centre, South Brisbane train station and the Cultural Centre bus station.

Cycling in Brisbane

Inner City Connections

Brisbane isn’t called the river city for nothing. Use this map to find out how to get from the northside of the river to the south, and how to head east and west using two green bridges (the Kurilpa Bridge and Goodwill Bridge) where no vehicle access is permitted, and the separated path on the Go Between Bridge.

Cycling in Brisbane

 

 

 

Brisbane

Brisbane apartment market in the spotlight: Media Hunt’s May update

The media veteran Steve Hunt has cast his eye over the Brisbane market and what’s happening in the Queensland capital

The Brisbane apartment market continue to show strength over May, posting 1.1 per cent gains, CoreLogic’s monthly Hedonic Home Value Index found.

The rolling quarterly apartment gains are now up to 3.2 per cent, with the median apartment price reaching $411,000.

The media veteran Steve Hunt, who founded the public relations and media strategy firm Media Hunt in 2005, has cast his eye over the Brisbane market and what’s happening in the Queensland capital.

Hunt mentioned The Fernery, which has been popular with local owner-occupiers

Urban recently spoke to Colliers residential director Andrew Scriven, who said most of the buyers have come from a couple of kilometre radius.

Brisbane

The Fernery 47 Conavalla Street, Ferny Grove QLD 4055 

“There’s been overwhelming success since launch in April from the local market, looking to either downsize, invest or secure something for the children,” Scriven said.

“Locals have really embraced the project. They haven’t really had that offering ever.”

The project by the Townsville-based Honeycombes, in partnership with their financier MaxCap, will comprise the 82 apartment block The Fernery, as well as a 12,000 sqm retail centre set next to the Ferny Grove train station.

 

Article Source: www.urban.com.au

 

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Brisbane

Multimillion-dollar deals fuel record auction day in Brisbane

A record-setting $43 million in real estate sold under the hammer across Brisbane on Saturday in an incredible feat of strength that has revealed the city’s soaring market is showing no signs of slowing.

From the 71 auctions reported 63 transacted to achieve a 89 per cent clearance rate, compared with 65 per cent last week and a meagre 33 per cent this time last year.

It’s also the highest amount fetched in a single day of Saturday auctions in more than six months, with several multimillion-dollar properties sold amid reports of fierce bidding wars.

Although one of the top sales included a sophisticated Queenslander at 92 Elfreda Street in Enoggera, which collected $2.301 million through Place Estate Agents Newmarket, it was a laid-back family suburb on the outskirts of the city that stole the show after hundreds of buyers and onlookers flooded three separate auctions, resulting in milliondollar-plus sales.

Brisbane

92 Elfreda Street, Enoggera QLD 4051

Wishart, which is 14 kilometres from the city and has a median house price of just over $800,000, could have been mistaken for an inner-city borough after the three homes collected a combined $3.644 million. Property punters said house prices in the increasingly popular patch have risen by as much as 25 per cent in a year.

Ray White Annerley principal Geoff Sellars sold a dated, low-set brick abode on a 646-square-metre block at 106 Delavan Street to two first-home buyers for $1.067 million on Saturday, and said the price and number of bidders told more than just a tale of the city’s soaring market, but also of a suburb where demand was skyrocketing.

Brisbane

106 Delavan Street, Wishart QLD 4122 

The young buyers were forced to compete against 35 registered bidders for the modest four-bedroom house, forking out $217,000 over the reserve price in front of a crowd of more than 150.

“Wishart has always been fairly popular as well as the Mansfield area, there are people who just buy there to be in the Mansfield High School catchment, but not in the like of what we’re seeing at the moment,” Mr Sellars said.

“There’s an enormous amount of confidence in the market and it becomes a snowball effect. Interest rates are low and people have just prioritised buying property over things like travel and I think the bank of mum of dad is the fifth biggest bank in Australia right now so a large majority of buyers are first home buyers. The confidence over the past 12 months has driven them to that point but a lot of their parents are fronting up money (to help them get their deposit over the line) as well.

“And, in Wishart, I would have thought 106 Delavan would be lucky to be a mid-$700,000s property so there has been a 25 per cent price increase here in some parts.

“At its worst, I think this is the new normal and we have set new average prices for a lot of suburbs. I don’t think we’ll go down from here and there’s definitely the potential for things to strengthen.”

LJ Hooker Sunnybank Hills agents Rob Senic and Kosma Comino sold the other two Wishart homes under the hammer on Saturday, collecting $1.45 million for a contemporary abode at 44 Craig Street and $1.127 million for the slightly rundown four-bedroom house at 22 Cotswold Place.

Brisbane

44 Craig Street, Wishart QLD 4122

It was the Cotswold Place property that Mr Comino said attracted an almost rockstar turnout, leading to a 45-minute auction, about 50 bids and a sale price that was $127,000 above the reserve.

“While I knew it would be a good auction because that part always does well, we were thinking it would sell for a maximum of $1,030,000 but then, during the auction, we had a lot of people rock up late and we had a total of 15 registered bidders,” he said.

Brisbane

22 Cotswold Place, Wishart QLD 4122

“From the 15 registered, we had six of them really fighting for it – they were a very mixed group. The bidding opened at $800,000, and it was really rapid then on the fifth bid we hit the reserve.

“A family ultimately won the auction and it’s funny because they had actually missed out on the last two auctions with me in that pocket.”

Mr Comino said first-home buyers and young families looking to upgrade into their second home were making up a large portion of the buyer demographic, with that enticing school catchment attracting half of the buyers, and the suburb’s location being the “X-factor” for the rest.

“You’re also close to the motorway and then you’re close to Westfield Garden City – in fact, if you drive through there now, it’s busier than the city centre. It’s gotten crazy there now.”

Elsewhere, Ray White Carina agent Jose Peralta sold a striking four-bedroom family oasis at 22 Faraday Street in Camp Hill for $1.401 million, and next door in Norman Park, Paula Pearce, of Place Estate Agents Bulimba, sold a modern Queenslander at 64 Morehead Avenue for $1.675 million under the hammer.

Brisbane

64 Morehead Avenue, Norman Park QLD 4170 

In Northgate, Ray White Aspley agent Dwight Colbert transacted the meticulous four-bedroom abode at 26 Mann Avenue for $1.07 million in an auction he said attracted nine registered bidders before fetching $120,000 above the reserve price.

“They were all local buyers and many with young families but in the end it was a retired couple who bought the place as they have six grandchildren. My sellers are upsizing and have bought at Nudgee Beach as they have three children and want some more room,” Mr Colbert said.

“There’s still a lot of desperation for good stock, and it feels like a shortage of listings which I know is helping with competition.”

 

Article Source: www.domain.com.au

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Brisbane

This is how long it takes Brisbane first-home buyers to save for a house

home buyers

Brisbane first-home buyers have bucked a nationwide trend. They are now taking less time to save for a deposit, with closed borders, government grants and a softening of entry-level house prices launching locals onto the property ladder faster than a year ago.

Despite the city’s soaring property market recently pushing median house prices to record heights, new data from Domain’s First-Home Buyer Report, released on Monday, revealed it now takes the average couple four years and two months to save a 20 per cent house deposit – which is four months less than this time last year.

Brisbane was the only capital city to see savings time slashed over the 12-month period, with Sydneysiders forced to tack an extra six months onto their already painfully slow savings haul – which is now seven years and one month for the average couple.

Time to save for a 20% deposit on an entry-price house

Entry price Time to save Annual change, months 5-year change, months
Sydney $770,000 7y 1m 6 11
Melbourne $631,000 6y 1m 0 13
Brisbane $429,000 4y 2m -4 2
Adelaide $405,000 4y 1m 3 4
Perth $395,000 3y 7m 2 -3
Hobart $455,000 4y 11m 6 22
Darwin $440,000 3y 8m 6 -4
Canberra $691,000 6y 9 20

Domain senior research analyst Nicola Powell said the data revealed just how sunny the market remains in the Queensland capital – with grants and wage growth easing the squeeze for first-home buyers alongside COVID, which had worked wonders for savvy savers.

“Brisbane bucks the trend really in terms of what we’re seeing across our other cities, and while it doesn’t have the quickest time to save, it’s seen more favourable conditions over the past year,” Dr Powell said.

“It was the only city to see a decline in time for houses while for units it remained stable … and what we’ve also seen is tax cuts and compounding interest on savings have helped speed up that time.

“I think over the past 12 months, we’ve all saved more, and for first-home buyers, it has supercharged their savings pot … the pandemic has also really unlocked an element of affordability. For those first-home buyers who can work from home, they are able to now seek different locations to reside, which opens the door to affordability.”

Time to save for a 20% deposit on an entry-price unit

City Entry price Time to save Annual change, months 5-year change, months
Sydney $590,000 5y 5m -4 -6
Melbourne $440,000 4y 3m -2 1
Brisbane $340,000 3y 4m 0 -5
Adelaide $278,000 2y 10m 0 0
Perth $275,000 2y 6m 1 -3
Hobart $390,000 4y 3m 2 20
Darwin $248,000 2y 2 -18
Canberra $397,000 3y 5m 0 1

While the Domain report revealed it takes a first-home buyer just one year to save for a house with a five per cent deposit using the federal government’s First Home Loan Deposit Scheme, Dr Powell warned the road to property ownership was still tough.

“It’s still a long journey time to save … and for any single person, that time is double. So, I think there are two sides to affordability and what we have seen is home loan repayments have improved thanks to falling interest rates, but the hurdle is saving for that deposit,” Dr Powell said.

North Brisbane Home Loans CEO and mortgage broker Patrick Cranshaw said over the past year, the swathe of first-home owner grants released in response to COVID had sent first-home buyer numbers soaring – with young couples quick to pounce on low interest rates and money-saving schemes.

“The property market has also softened in the past two weeks, and there hasn’t been as much activity, and it levelled off a bit, so for some first-home buyers – if they are in a couple situation on $70,000 each – they certainly have the capacity to pay that loan down, so it’s just coming up with the equity and the deposit,” Mr Cranshaw said.

Federal government initiatives and the impact on time to save for an entry-priced home

Houses Units
5% deposit FHLDS $60k FHSSS (based on couple) 5% deposit FHLDS $60k FHSSS (based on couple)
Sydney 1y 9m 4y 3m 1y 4m 2y 8m
Melbourne 1y 6m 3y 2m 1y 1y 4m
Brisbane 1y 1y 3m 10m 4m
Adelaide 1y 1y 8m 0m
Perth 10m 10m 7m 0m
Hobart 1y 2m 1y 8m 1y 11m
Darwin 11m 1y 2m 6m 0m
Canberra 1y 6m 3y 5m 10m 10m

“But I 100 per cent think Brisbane is still affordable when you compare the money they earn to the purchase price … that’s why so many people moved to Brisbane. There’s value here.”

Roxanne Paterson of Ray White Bracken Ridge said while the stars were indeed aligning for local first-home buyers, they were facing incredible challenges due to increased interest from interstate and rising house prices.

“What’s frustrating for them in one regard is when buyer’s agents are out in force as well as investors – they are getting thrown into some pretty significant competition,” Ms Paterson said.

“And they can’t just offer an extra $30,000, but they are in competition with clients who have money at their fingertips.”

In Bracken Ridge, a suburb that Ms Paterson said had always been a hotspot for first-home buyers, the sizzling market sent entry-level house prices soaring over the past 12 months, with $500,000 houses now fetching $100,000 more.

“Here we are that last stop before the end of Brisbane City Council, so we do have a lot of first-home buyers coming in … but now they are having to stretch themselves or go further out for a house. That said, I think they are still giving it a red-hot go,” Ms Paterson said.

It was that enticing melting pot of grants and the inability to travel that inspired Sarah Bauer and Luke Bishop to buy a three-bedroom house on a 600-square-metre block in Arana Hills for $654,000 through Ms Paterson just a week ago.

“We spent the majority of 2020 really knuckling down because we wanted to go into this process with no debt … and COVID helped 100 per cent because we had two overseas trips planned for last year. I mean, my Uber Eats bill probably went up, but in terms of not being able to travel and not go places meant we could save much more,” Ms Bauer said.

“Then we started looking seriously in January … and to be honest we got in as it started to get super hectic and the first house that we put an offer on, we actually offered $30,000 over the listing price, but it sold for $60,000 more, so straight away we thought we were so out of our league,” Ms Bauer said.

“So, we took a step back and had to look at what suburbs were taking off and which ones were still affordable because Brisbane is hectic. We were both set on the north side of Brisbane, and we didn’t want to go further than 15 kilometres from the city as we work there … but then as we got knocked back, we had to look further out.

“The third house we put an offer on (in Arana Hills) was listed at $589,000, and we offered $650,000, and then it sold for $800,000 … there were 46 offers on that one, so you’re just competing with ridiculous offers.”

But while the couple, who spent a solid year saving to boost their own personal pot, confessed the constant knocks almost forced them to step back, it was fear of missing out that kept them in the game.

“We wanted to get our foot in the door, especially if this was going to be the lowest it would be in a while and in the end, I think we were quite lucky,” Ms Bauer said.

Across Greater Brisbane, first-home buyers in Springwood-Kingston enjoyed the biggest cut on time spent saving for a house, where it is now taking 14 months less than a year ago to save a 20 per cent deposit. At the other end of the spectrum, couples looking to buy their first house in Brisbane Inner are facing an extra 10 months of savings time, where a 20 per cent deposit on the median house price is now $182,000.

 

Article Source: www.domain.com.au

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