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Ipswich Proves Frontier In Affordable Housing

  The ripple effect of South East Queensland’s relentless growth and urban sprawl has Brisbane’s outer western corridor shaping up as the region’s ‘final frontier’ for affordable and well-connected housing. A new Urbis report, The Future of South East Queensland Housing, forecasts the Ipswich Local Government Area (LGA) will reap the lion’s share of population, job…Read More→

Ipswich Proves Frontier In Affordable Housing

 

The ripple effect of South East Queensland’s relentless growth and urban sprawl has Brisbane’s outer western corridor shaping up as the region’s ‘final frontier’ for affordable and well-connected housing.

A new Urbis report, The Future of South East Queensland Housing, forecasts the Ipswich Local Government Area (LGA) will reap the lion’s share of population, job and housing growth as jobs decentralise from the Brisbane CBD and housing demand shifts to more affordable locations.

Author Angus McLean said inner Brisbane’s physical constraints and lack of affordable housing were already driving investment and people to infrastructure and amenity-rich satellite cities such as Greater Springfield and North Lakes, which would soon funnel into the dynamic Ipswich region.

“South East Queensland is already seeing the beginning of this shift – a desire for housing that maximises quality of life and minimises the cost of living, offering competitively priced housing opportunities in well-located destinations with proximity to amenity and infrastructure,” he said.

Mr McLean said Ipswich was shaping as such a destination with its population set to more than double to 670,000 over the next 20 years, the biggest population growth in the South East corner.

“Increasing by more than 130 per cent over the next 20 years, the Ipswich LGA will play a vital role in satisfying the future population growth of South East Queensland,” he said.

This surge of new residents to Ipswich and its surrounds will generate SEQ’s highest level of housing demand with 6,600 new homes needed each year, while jobs growth is expected to more than double to 2.6 per cent per annum, far outstripping any other LGA in the region.

Mr McLean said while the median house price in the outer western corridor had grown a solid 2.8 per cent to $325,000 in the past year, it was still the most affordable housing stock in SEQ and compared very favourably with Brisbane LGA’s median of $620,000.

Urbane Homes Director Jon Rivera said his business was investing strongly in the Ipswich region, foreseeing growing demand for well-priced housing in such a critically low supplied region.

“The western corridor is one of the last remaining areas where you will find affordable homes this close to inner Brisbane,” he said.

“Five years ago SEQ residents had options in Brisbane, North Lakes, Springfield, Logan and Northern Gold Coast to purchase a new home under $400,000, but now the opportunities are few and far between and the western corridor is the last frontier to buy a new home under $400,000.

“Investors from Sydney are capitalising on this as NSW first home buyers are being forced to geographically invest for their first home, seeing how affordable our market is in comparison to their own.

“The Ipswich median house price is sitting at a low $325,000 while people in Parramatta are paying $960,000 to live in an equal distance from the CBD with terrible connection and infrastructure.”

Original article published at www.theurbandeveloper.com  by Staff Writer 24/10/16

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Brisbane

Hamilton home sells for $1.56 million in big auction weekend in SE Queensland

Hamilton Homes
In a big weekend of auctions in Brisbane, a Melbourne buyer returned for the second weekend in a row, to try to snap up a property.

But, he was unsuccessful in his bid to buy 128 Kennedy Terrace, Paddington, in Brisbane’s inner west, which sold to a couple living in the nearby suburb of Taringa for $1,262,000.

Ray White Paddington’s Judi O’Dea said the auction of the three-bedroom home was held online and also had phone bidders, such was the interest in it.

Hamilton Homes

A crowd of more than 80 people watched the sale of the property owned by a couple who run a home pre-sale makeover company called Niche Reform.

“The sale price was [$72,000] above the property’s $1.19 million reserve,” Ms O’Dea said.

The weekend’s market was buoyant but stock was still quite low although vendors with good quality properties were looking to sell, she said.

“I haven’t seen the market quite as active as this,” Ms O’Dea said. “It’s to do with the quality of the stock and the fact interest rates are low and are likely to stay that way.”

The unlucky bidder from Melbourne, who also tried his luck at an auction at 168 Boundary Road, Bardon, last weekend, was still looking for a Queensland home, Ms O’Dea said.

The auction was one of 44 scheduled for the weekend. By late Saturday, Brisbane’s preliminary auction clearance rate was 38 per cent after 32 results were reported. Only four scheduled auctions were withdrawn from sale.

The biggest reported sale of the weekend, and one of the biggest in Yeronga, was that of former Olympic swimmer Susie O’Neill.

The eight-time Olympic medallist sold her family home at 401 Brisbane Corso for $3,055,000 to a family looking to move to the area.

Hamilton Home

Another of the biggest sales was a five-bedroom home at 27 Atkinson Street, Hamilton. It sold under the hammer for $1.56 million to a family with a newborn baby.

Ray White Ascot’s Oliver Jonker said four registered bidders competed for the sale, with lots of interest from buyers prior to the auction.

“It was really great. We had about 60 people attend, and prior to the auction, we had 33 inspections,” Mr Jonker said.

big auction weekend

“A lot of work went into getting this house ready for sale. The sellers put in new electrics, new lighting, painted and landscaped.

“It’s a beautiful Queenslander on the side of the hill and you just don’t get an opportunity like this very often,” he said.

Another beautiful Queenslander in Hawthorne, in Brisbane’s inner east, also sold for above $1 million.

Seven bidders registered for the auction of the three-bedroom home at 60 Leura Avenue with a buyer from the street next door snapping up the home for $1.14 million.

Hamilton Big Auction

Place Estate Agents Bulimba’s Sarah Hackett said the buyer, who paid $40,000 above the reserve, would be renting out the home.

Ms Hackett said only local buyers were bidding on the property.

“We are getting an unprecedented number of inquiries, particularly from down south [Victoria],” Ms Hackett said.

Seven bidders also registered for the sale of a home at 55 Mearns Street, Fairfield, on Saturday afternoon.

Four buyers were ready to put in an offer if the house passed in, Harcourt Property Centre’s Paul Brinckman said.

Hamilton

Of the bidders, about a third of them were investors looking for their next rental property, Mr Brinckman said.

The two-storey home, however, was snapped up under the hammer by a professional couple, for $840,000.

The husband had grown up in the house next door to the property, he said.

“His mum still lives there,” Mr Brinckman said. “He is happy to be so close to his family home.”

 

This article is republished from https://www.domain.com.au/ under a Creative Commons license. Read the original article.

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Brisbane

Brisbane’s Raby Bay sets Bayside record with $8.5 million sale

Brisbane's Raby Bay sets Bayside record with $8.5 million sale (1)

The Raby Bay, Brisbane home designed for Savage Garden’s Daniel Jones, has sold for a bayside record $8.5 million.

It topped the former record, from Bulimba, where a McConnell Street home sold for $8.4 million at auction just under a year ago.

The Raby Bay home at 32 Sentinel Court was architecturally designed and built in 2004 for Jones, who sold it for $5.8 million in 2006.

Brisbane's Raby Bay sets Bayside record with $8.5 million sale (3)

The price then went backwards following the GFC, selling for $4.96 million in 2013, despite it asking $8.5 million plus two years earlier.

The most recent owners undertook a full renovation in 2016,

The five bed, five bath home sits on a sprawling 2,325 sqm with its own private marina and beachfront.

It has also features a study, library, music room and a media room, as well as a pavilion set by the waterfall swimming pool and spa.

The Raby Bay, Brisbane home designed for Savage Garden's Daniel Jones, has sold for a bayside record $8.5 million. It topped the former record, from Bulimba, where a McConnell Street home sold for $8.4 million at auction just under a year ago. The Raby Bay home at 32 Sentinel Court was architecturally designed and built in 2004 for Jones, who sold it for $5.8 million in 2006.

There were seven offers received before auction, with the buyer a Brisbane local and paying in cash.

McGrath Bayside agents Joseph Lordi and Pamela Neilson secured the sale after 43 days on the market.

 

 

 

This article is republished from www.propertyobserver.com.au under a Creative Commons license. Read the original article.

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Ipswich

The Bubble House in Ipswich is for sale for the first time

The Bubble House in Ipswich is for sale for the first time
Looking for a home that thinks outside the box?

A one-of-a-kind property dubbed the Bubble House has hit the market for the very first time, drawing interest from across the country and around the world.

The home in Karalee, Ipswich, has grabbed the attention of buyers from as far afield as France since it was listed for expressions of interest on Monday.

More than 30 years in the making, the property spans 11 domes – each from four to eight metres wide – and looks more like a space station than a Queensland family home.

Architect Graham Birchall and his wife, Sharon, started building the property in 1983, two years after Mr Birchall used the bubble house idea for his thesis for his architecture degree in Brisbane.

The couple gradually created the home over 30 years, undertaking major renovations in the late 2000s and even emailing NASA to use their designs on their window shades, the pair previously told Domain. Now they’re selling up their much-loved family home to make a sea change.

While unique in shape, the riverfront property has all the usual homely features with three bedrooms, two bathrooms, a four-car garage and workshop, and a round kitchen – designed by a boat builder and carpenter to get all the curves.

The Bubble House in Ipswich is for sale for the first time (2)

It also includes an office, a media room, library, bar and wine cellar – again all round, of course – as well a glass entry tunnel to welcome you into the home, multiple terraces and a golf tee.

“When you walk in, it changes the way you feel,” selling agent Helene Shephard of First National Real Estate Action Realty Ipswich said. “It has this energy that just calms you and you can have a lot of people in the home without even realising it.”

The Bubble House in Ipswich is for sale for the first time (3)

In total the home offers a whopping 1050 square metres of floor space and sits on a 5109-square-metre block about a 40-minute drive from the CBD.

Ms Shephard said she had been inundated with local, national and international interest in the home since Monday.

She’s had many calls from excited architecture buffs asking about the light throughout the property, the form and the function, and also locals who have long hoped to take a peek inside the local landmark.

The Bubble House in Ipswich is for sale for the first time (4)

“I’ve had a lot of local inquiry, from people asking, ‘Can we bring my mum, dad and the kids, I drove past that house every time I was in Karalee … and we’ve always dreamed of seeing inside’.”

Unfortunately, Ms Shephard said, she’s had to shatter their dreams, with the home – still a workplace for the owners – only open for private inspections with serious buyers.

While properties of its size and location typically sell for more than $1 million, Ms Shephard was reluctant to put a price tag on the unique home.

The Bubble House in Ipswich is for sale for the first time (5)

“Graham and his family are looking for the right buyer who will appreciate everything they are gifting on,” Ms Shephard said.

“It’s certainly a once-in-a-lifetime opportunity [for buyers], and for me too to find a buyer,” she added.  “It will be somebody who wants to live in an environment that stimulates them and is creative.”

Although unusual homes can often take some time to sell, Ms Shephard does not think that should be an issue here.

And when they find a buyer, they’ll be sure to celebrate with some bubbles.

 

 

 

This article is republished from www.domain.com.au under a Creative Commons license. Read the original article.

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