Nerang is a diverse suburb on the Gold Coast that families flock to for its prime position to the M1 - Queensland Property Investor
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Nerang is a diverse suburb on the Gold Coast that families flock to for its prime position to the M1

On the gateway to the Gold Coast is Nerang, a residential suburb in the west surrounded by trees and divided by the Nerang River. The picturesque suburb, popular for its lakeside parks, bike facilities and horse trails, is dotted with cafes and boasts historic river relics.

LJ Hooker Nerang sales agent Jane Doogan describes the area as having an eclectic mix of residents.

“It’s one of the Gold Coast’s most diverse suburbs of people,” Jane says.

“There are young families, retirees and singles and it has a real country feel about it but it is still incredibly central.”

An old relic of Nerang. Picture: Mike Batterham

The Nerang National Park will be an important part of the Commonwealth Games.

“They will have bike trails in the national park for the cyclists competing in the Commonwealth Games,” Jane says. “I’m always seeing kids on bikes, and the BMX circuit is packed over the weekend.’’

Secretary of Nerang Country Paradise Association Martin Collis says the suburb is a residential paradise on the riverbank.

The suburb is divided by the Nerang river. Picture: Mike Batterham.

“It is a growing suburb and it is very community-orientated,” he says.

“It has had a bad reputation over the years but Nerang is growing into a family-orientated residence with a mix of million-dollar homes and young families.”

The suburb features community events in the active community. Picture Mike Batterham

Jane has been selling property in Nerang for the past 28 years and says there is still availability, with new estates opening offering residential blocks.

Nerang is a growing family-orientated suburb. Picture: Mike Batterham

“It will certainly change the face of Nerang,” she says.

“The suburb has changed a lot, it had a reputation but it has become a hot spot and I think one of the biggest appeals is the M1.”

Proposed development in Nerang includes Burchill Park on the Nerang River which has been earmarked for a 12-storey development featuring two buildings along with an application lodged by developer Nifsan to build one of the largest single developments on the Gold Coast at the Villa golf course site.

Nernag is a growing family-orientated suburb. .Picture Mike Batterham

The 2.55ha Burchill property, approved last year for four apartment buildings, is under unconditional contract.

Suburb profile of Nerang for the real estate magazine. Picture Mike Batterham

Martin says Nerang has an active community.

According to Martin, the Nerang Country Paradise Parklands was previously a theme park.

“The council bought the land and now it is now run by community groups with over 300 members,” Martin, 55, says.

He says the suburb has retained much of its history, including the 140-year-old Nerang courthouse and river steamboat Maid of Sker.

“The suburb was actually the original settlement of the Gold Coast before Southport,” he says.

The paddle steamer, which sailed between Brisbane and Nerang for nearly 90 years and is thought to be the last of its kind, now sits in a Nerang park.

Martin says the central location of the suburb is its biggest appeal.

“On the weekend I was in Broadbeach one day and Mt Tamborine the next,” he says. “It is very central and I still have a country lifestyle.”

 

Original article published at www.goldcoastbulletin.com.au by Hannah Sbeghen, News Corp Australia Network 02/7/16

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Brisbane

Brisbane auction record smashed with $8.4 million Bulimba sale

Brisbane auction record smashed with $8.4 million Bulimba sale 1 (1)

Brisbane’s auction record has been smashed with the $8.4 million sale of a riverfront home at Bulimba, making it the city’s most expensive property ever sold under the hammer.

The five-bedroom European-style mansion at 95-99 McConnell Street had attracted potential buyers from across the globe due to its prized north-facing riverfront position sprawled over 1473 square metres of land with 32 metres of river frontage.

Brisbane auction record smashed with $8.4 million Bulimba sale 1 (2)

But it was two local Brisbane families, both intent on buying the property to live in with their young children, who battled it out on Wednesday night in one of the most furiously fast-paced auctions marketing agent Sarah Hackett of Place Estate Agents Bulimba had ever seen.

“It was very high intensity, it was absolutely unbelievable to watch,” Ms Hackett said. “Both families were very emotionally connected to the property and wanted it badly.

Brisbane’s most expensive auction sales

AddressSuburbYearPrice
95-99 McConnell StreetBulimba2019$8.4 million
39 Griffith StreetNew Farm2019$7.75 million
22 Sandford StreetSt Lucia2009$7.75 million
29 Laurence StreetSt Lucia2010$7 million
78 Jilba StreetIndooroopilly2007$6.1 million
20 Scott StreetHawthorne2017$5.6 million
22 Langside RoadHamilton2016$5,385,000
34 Quay StreetBulimba2016$5.33 million
14 Otway StreetHolland Park2016$5,225,000
9 Griffith StreetNew Farm2013$5.2 million

“Bidding started at $5.5 million, went straight up to $6 million, then it was pretty much $100,000 bids at a time from there. It was back and forth, back and forth – the time between bids was literally seconds. It was amazing to watch.”

The previous record for a property sold at auction in Brisbane was $7.75 million, which was first set in 2009 with the sale of a grand riverfront estate at Sandford Street, St Lucia, then equalled in March this year when 39 Griffith Street, New Farm sold under the hammer. It was purchased by Ben Seymour, the grandson of Queensland rich-lister and developer Kevin Seymour.

Brisbane auction record smashed with $8.4 million Bulimba sale 2

Ms Hackett said it was an emotionally charged auction because properties of this calibre in Brisbane were rare.

“I’ve got one buyer absolutely elated and over the moon and one buyer absolutely heart broken,” she said.

“We’re currently at an all-time record low for riverfront stock in Brisbane at the moment, so sadly I don’t have anything else comparable to offer them at the moment.”

The winning bidders, a young family with two boys, were keen fishermen looking forward to enjoying the riverfront lifestyle, Ms Hackett said.

Brisbane auction record smashed with $8.4 million Bulimba sale 3

“This is a purchase made for the whole family. They want their kids to have that riverfront lifestyle, they’ve already got a tinny and the kids are super excited,” she said.

The kids won’t even have to share – the property has not one, but two private deep water mooring pontoons, as well as a pool, flat landscaped backyard and multiple living areas inside, all with spectacular water views that stretch across the river to Hamilton Hill.

Brisbane auction record smashed with $8.4 million Bulimba sale 4

 

 

 

Source: www.domain.com.au

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Brisbane

Revealed: The Brisbane suburbs that defied the housing downturn

Revealed-The-Brisbane-suburbs-that-defied-the-housing-downturn

BRISBANE has emerged the capital city least affected by the housing downturn, according to new evidence revealing the suburbs that recorded double-digit growth over the past year.

It has been a tough year for the nation’s residential property market, but new research from realestate.com.au shows the Queensland capital weathered the storm better than most capital cities.

Brisbane took out three of the top 10 national spots for suburbs that defied the downturn and recorded double-digit growth in the 12 months to September — the only city to do so apart from Adelaide, which also had three suburbs in the top 10.

Revealed The Brisbane suburbs that defied the housing downturn 7

House prices in Chelmer, Northgate and Ipswich jumped at a time when most suburbs around the nation were going backwards.

Chelmer and Northgate even beat the affluent suburb of Vaucluse in Sydney.

From waterfront enclaves to first homebuyer hot spots, Greater Brisbane’s lifestyle, affordability, amentiy and access to jobs proved just how resilient the city’s housing market is.

The leafy riverside suburb of Chelmer, in Brisbane’s west, recorded the strongest house price growth of 31 per cent year-on-year in the 12 months to the end of August, according to realestate.com.au.

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The phenomenal growth saw Chelmer’s median house price increase to $1.29 million.

Chelmer residents David and Yvonne Todd are selling their stunning, five-bedroom Georgian-style house at 17 Lama Street after living there for 11 years.

Mr Todd said he was not surprised by the growth in the suburb because it had so much to offer.

“There’s certainly been a lot of investment in the area from people improving their properties, so we’re certainly very cognicant of the suburb’s performance,” Mr Todd said.

The couple was initially attracted to Chelmer because of its proximity to good schools, the fact it was on the train line and the community feel of the suburb.

“What is interesting in the area is there seems to be a huge amount of people who live all their lives here, but might move within the area,” Mr Todd said.

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Now that their three children have grown up and left home, the Todds are looking to downsize and plan to spend more time in Europe.

“My wife is a photographer and our youngest son is in Europe … so what we need is more of a lock up and go, rather than a family home,” Mr Todd said.

Ann-Karyn Fraser of Place Estate Agents, who is marketing the home, said she had noticed the increase in house prices in Chelmer and the continued strong interest in the suburb and the surrounding suburbs of Graceville and Sherwood.

“I put it down to the liveability of the suburb,” Ms Fraser said.

“The community Chelmer embraces is so rare and that’s why so many people flock there — the beautiful homes, the infrastructure we have, the schooling, the railway line, and the easy access to the CBD.”

Northgate experienced house price growth of 25 per cent in the year to September, despite general weakness in the overall housing market.

Unlike Chelmer, it has a more affordable median house price of $733,500, but bargains are becoming harder to find.

Revealed-The-Brisbane-suburbs-that-defied-the-housing-downturn-3

Rebecca and Marko Vuksanovic have just sold their house at 51 Junior Terrace in Northgate for $1.05 million, making a healthy profit on what they bought it for six years ago.

“We were quite pleasantly surprised,” Mrs Vuksanovic said.

“It was a bit of a record for this little pocket and sold after the first open home.”

The couple are relocating overseas, but could not be happier to have invested in the suburb.

“It was perfect for us,” Mrs Vuksanovic said.

“My husband and I both work locally, it’s got awesome proximity to the city, the airport and freeways north and south.

“We just think it’s the perfect suburb.”

Revealed-The-Brisbane-suburbs-that-defied-the-housing-downturn-4

Selling agent Dwight Colbert of Ray White – Aspley Group said he had noticed “continuously strong” growth in Northgate in the six years he had been selling homes there.

Mr Colbert said he had sold more than 20 homes in the suburb in the past 12 months and part of its appeal to buyers was its proximity to the airport, Northgate train station and the CBD.

“I think everyone thinks Northgate is the older suburb, with older homes, but … people udnerestimate the value of the homes in Northgate,” Mr Colbert said.

“It is now becoming one of those attraction locations people want to be in.”

The Ipswich region also featured prominently on the list of suburbs to record double digit house price growth in the year to September.

Revealed-The-Brisbane-suburbs-that-defied-the-housing-downturn-5

The median house price in Ipswich rose 20 per cent to hit $385,000, while North Ipswich experienced 12 per cent growth and Ripley recorded an 11 per cent increase in its median house price to $415,000.

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On the Gold Coast, premium suburbs with homes with $1 million-plus price tags recorded the highest growth.

Suburbs such as Kingscliff, Paradise Point, Clear Island Waters, and Surfers Paradise weathered the downturn — recording double digit price growth.

Now that buyers are back and auction clearance rates are improving, some experts are calling the bottom of the market.

SQM Research managing director Louis Christopher said he believed Brisbane home prices were “close to fair value” after an extended period where there was a wind-down of housing prices relative to incomes.

“The worst overvaluation recorded was early 2008 whereby the market was 45 per cent overvalued,” Mr Christopher said.

“This occurred as a result of the Brisbane housing boom of 2003 to 2008 — a period where housing prices doubled in just five years.”

Mr Christopher expects the Brisbane market to respond to recent interest rate cuts and relative loose credit for the remainder of the year.

“We are forecasting a 0.6 per cent rise in housing prices for the current September quarter and a further 1.5 per cent for the December quarter,” he said.

 

 

Source: www.news.com.au

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Gold Coast

REVEALED: The waterfront Gold Coast suburbs where house prices are climbing

REVEALED-The-waterfront-Gold-Coast-suburbs-where-house-prices-are-climbing

It’s been revealed the Gold Coast property market is on the rise, with fresh data showing our waterfront suburbs have recorded a generous growth in house prices.

According to realestate.com.au, a number of coast suburbs with over $1 million price tags strongly defied the recent property downturn, recording double-digit year-on-year growth.

House prices in Paradise Point, Clear Island Waters, Surfers Paradise and Jacobs Well all grew by at least ten per cent or more in the past 12 months.

But it was our neighbours over the border in Kingscliff who took out the top spot, with a massive growth of sixteen per cent.

Maudsland, Palm Beach, Tweed Heads South, Tweed Heads West and Casuarina also made the list, with growth ranging from 5% to 8%.

REVEALED-The-waterfront-Gold-Coast-suburbs-where-house-prices-are-climbing.jpg-1

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