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Queenslander house sets new suburb price record on the south side

Queenslander house sets new suburb price record on the south side
The house at 62 Muir Street, Cannon Hill, set a new price record for the suburb but agent Chris Rice believes it won't stay the record for long.
The house at 62 Muir Street, Cannon Hill, set a new price record for the suburb but agent Chris Rice believes it won’t stay the record for long.

A renovated Queenslander has set a new price record for the suburb of Cannon Hill, selling for $1.14 million.
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Brisbane

Yeronga trophy home fronting the Brisbane River listed

Brisbane River

A riverfront Yeronga, Queensland trophy home has been listed without a price guide.

The five bedroom, five bathroom abode is being marketed by Heath Williams and Nick Hurwood of Place.

Situated at 363 Brisbane Corso, the tri-level home fronts the Brisbane River.

Set on 916 sqm, it features two swimming pools and a private boat pontoon.

Other features include full-height stacked glass sliding doors opening out to a covered balcony which capture sweeping Brisbane River views as well as a ground-level rumpus or games room equipped with a bar, a projector and a linked balcony.

It is located seven kilometres from the CBD.

 

The post “Yeronga trophy home fronting the Brisbane River listed” appeared first on the propertyobserver.com.au Blog

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Brisbane

Brisbane houses solid but inner-city unit market oversupplied: RiskWise

Brisbane houses

The impact of COVID-19 on the property market is greatly varied across this large state.

COVID-19 has significantly increased the unemployment rate in Queensland with a greater impact on regional areas, particularly those with a heavy reliance on tourism. As of August 2020, the unemployment rate was 7.5 per cent.

The sustained period of the border closure between Queensland and other states has been a contributing factor to the already substantial impact of COVID-19. This is due to the strong connection between Queensland and New South Wales and, to a lesser extent, Victoria.

COVID-19 has helped strengthen ‘work from home’ opportunities, meaning owner-occupiers can take advantage of ‘lifestyle’ prospects instead of being tied to employment hubs.

Before COVID-19 hit, there was already a strong trend of sea- and tree-change homebuyers looking for the best of all worlds – lifestyle, accessibility to employment hubs and affordable housing.

In Queensland, the areas that attract those lifestyle buyers include the Gold Coast and Sunshine Coast.

Beachside suburbs especially outperform the market as they offer fantastic lifestyle opportunities.

However, while solid house price growth may be experienced in Brisbane, the inner-city unit market remains oversupplied and, therefore, high risk.

 

The post “Brisbane houses solid but inner-city unit market oversupplied: RiskWise” appeared first on the propertyobserver.com.au Blog

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Market Place

Whitsundays prestige market strong amid COVID uncertainty: HTW

prestige market
The high end market in the Whitsundays is performing well despite COVID and what’s happening in other areas of Australia, with lifestyle properties being sought after, according to the November report from valuation firm Herron Todd White.
HTW found that rural residential lifestyle properties are being snapped up with sales ranging from $800,000 to over $1 million.
Properties with ocean views or frontage are also being snapped up along with vacant lots in similar locations.
“There have also been two sales in the prestige unit market, both selling for over $800,000,” the Queensland-based Herron Todd White valuer Noelene Spurway said.
“We expect that once the borders are open, lifestyle properties will continue to move as the lifestyle in the Whitsundays is second to none.”
Spurway did however jest that she is maybe just a little biased.
The post “Whitsundays prestige market strong amid COVID uncertainty: HTW” appeared first on the propertyobserver.com.au Blog
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