Never before have buyers had so much flexibility in picking a lifestyle haven.
Whether luxurious riverside homes in Brisbane central, a beachside address on the Gold Coast, or a master-planned community in a major growth corridor, these new developments offer not just residences, but communities too.
If you want a hard time finding property, try searching for freehold riverfront houses in Brisbane.
With an average of just 15 transactions annually, these homes are a scarce commodity in the river city and attract an increasingly elite demographic.
Before this development, there were only two freehold riverfront properties between Hamilton and Newstead. Now, River Homes is offering the otherwise unattainable.
River Homes is located in Hamilton Reach, a $700-million master-planned community within the blue-chip suburb of Hamilton, just six kilometres from the Brisbane CBD.
These are so desirable, in fact, that just two of eight properties remain: a three-level home and a two-level home.
The former offers four bedrooms, each with en suites, a powder room and two multipurpose rooms spread across a 444-square-metre floor plan, with the entire third level dedicated to a lavish 86-square-metre grand main suite, accessible by stairs or private lift.
The two-level home comprises 376 square metres, with similarly spectacular views complemented by nine-metre voids in the living areas and floor-to-ceiling windows.
Principal at Rothe Lowman Architects Jeff Brown said the design process for River Homes was collaborative and intense, and focused specifically on the needs of prospective residents.
“The project in our opinion is successful because of the design’s focus on providing a very clear and deliberate space for the individuality of the residents,” he said.
“The design is not a prescriptive answer that demands a particular way of living.
“We were very conscious of ensuring the houses left room for adaptation and personalisation.”
He said a key part of the design brief was prioritising lifestyle and environment over fashion and fad.
“We have received feedback from Frasers Property Group that a key and recurring theme from residents is that of how simple and functional the houses are to live in,” he said.
“We hope the River Homes endure the test of time in a bold and confident way.”
Riverside Homes is located at 84 Parkside Circuit, Hamilton, Queensland.
For more information, contact Cecilynne Jurss on 0417 647 591, visit the display centre at 310 MacArthur Avenue, Hamilton, Queensland, or head to domain.com.au/project/3654/river-homes-hamilton-qld/
Brookwater — Dress Circle
The newest precinct in Brookwater’s well-established neighbourhood has arrived – and it’s offering some luxury land parcels.
This development takes master-planning to a whole new level. More than just a housing complex, Brookwater is building the city of Greater Springfield, 25 kilometres southwest of Brisbane’s CBD.
One of six neighbourhoods that make up Greater Springfield, Brookwater sits within a major growth corridor, surrounded by established infrastructure in health, education and leisure.
Dress Circle, its newest offering, comprises 40 hectares of spacious plots, centred around the front nine holes of the award-winning Greg Norman-designed championship golf course.
The development has delivered more than 1000 blocks in the precinct to date and is already home to 3300 residents, with 3300 more to come over the next 10 years.
Dress Circle features spacious blocks, which range from 600 to 800 square metres with generous frontage.
Prices for land that faces the golf course average $635,000, while land further from the course averages $450,000.
More unusual is Brookwater’s design process for prospective buyers, a far cry from the hands-off approach of traditional housing developments.
Buyers go through the full process of home building with complementary assistance from Brookwater, from consultations with architects and landscapers to interior design services.
General manager of Springfield City Group Nick Kostellar said the development’s focus was on high-quality collaborations with aspirational buyers, who were usually downsizers or second or third-home buyers.
“Our buyers don’t really want to be pigeonholed into what they need to buy and build,” he said.
“Instead, we provide the blank canvas for people to really build their dream forever home in Brookwater.
“Our process is more about the experience, so it’s not, ‘here’s a price list, here’s a home-and-land package, goodbye and good luck’. It’s about the journey of design.
“Ultimately we want to help people realise their dream home.”
Brookwater – Dress Circle is located at 3 Birchwood Crescent, Brookwater, Queensland.
For more information, contact the Brookwater team on 07 3814 5177 or visit www.dresscircle.com.au.
For those after a sea change or lifestyle upgrade, look no further than this sophisticated beachside retreat.
Situated on an elevated site in the heart of the Gold Coast’s Palm Beach, Aqua offers one, two and three-bedroom apartments with breathtaking ocean views.
The development features 62 properties with prices starting at $495,000, and 80 per cent of them have already been snapped up.
The development has also just launched two rooftop sky homes for the discerning buyer: spacious penthouses featuring three bedrooms, three bathrooms and panoramic ocean views from wraparound balconies.
Both span between 240 and 250 square metres of luxurious living space and are priced from $1.695 million.
Acqua’s construction is well underway and completion is scheduled for November.
Managing director at Cru Collective Chris Bolger said the development had proved a popular choice for owner-occupiers hailing from surrounding suburbs.
“We have recently had a surge of buyer interest from Brisbane, with those buyers snapping up the great value properties on the lower levels to use as their personal weekend beach pads,” he said.
“Acqua offers a fantastic mix of product and the size of the site enabled us to wrap the building around a central open-air atrium, which is a magnificent point of difference to anything else in the area.”
He said the development’s amenities were unparalleled in competing developments.
“The covered open-air landings mean residents are not walking down a standard closed hallway to reach their front door; Acqua’s walkways are landscaped platforms that border the open-air central atrium,” he said.
“The ground floor is designed around the swimming pool and this level also provides access to the fitness centre and a cafe positioned on Third Avenue corner [so] caffeine convenience doesn’t get better than that.
“The rooftop zen platform offers ocean vistas for the entire building, although most enjoy ocean views from their own apartments.”
Acqua is located at 10 Third Avenue, Palm Beach, Queensland.
For more information, contact Brent Dallow on 0416 202 304, visit the display suite at 5 Palm Beach Avenue, Palm Beach, or head to domain.com.au/project/2782/acqua-palm-beach-palm-beach-qld/
Where can first-home buyers find a home under the First Home Loan Deposit scheme cut-off?
First-home buyers hoping to take advantage of a new government scheme will have to look to the outer city fringes to find a free-standing house, new analysis shows.
But, they will be able to choose from up to 40 per cent of all properties, including units in each capital city.
The federal government’s First Home Loan Deposit scheme, introduced at the start of this year, helps first home buyers to purchase a property under various price caps.
Designed to enable the purchase of a modest residence, homes worth up to just $700,000 are eligible for Sydney, while the cut-off is $600,000 in Melbourne, $475,000 for Brisbane, $500,000 in Canberra and $400,000 in Perth.
It lets buyers avoid paying lenders mortgage insurance even with a deposit as low as 5 per cent, for singles on an income of $125,000 or less, or couples with a combined income of $200,000.
The government then goes guarantor for the rest of the deposit, in effect allowing people to take out low-deposit loans without paying lenders mortgage insurance or going to the “Bank of Mum and Dad” to top up their deposit.
Only 10,000 loans are available nationwide per financial year, and since the scheme was introduced at the start of this year, 6500 of those spots have already been snapped up.
So, where can these buyers find a home under the price caps for each capital city?
An analysis by Domain of reported property sales in each capital city from July to December last year showed just where first-home buyers had the best chance of jumping onto the property ladder.
Brisbane had the highest percentage of any capital city of property sales under its threshold of $475,000 – with more than 13,500 of its 33,315 sales meeting the price cut off.
The lowest percentage of sales under the threshold was in Canberra, which saw 34 per cent of total properties sold under its cap of $500,000 – and only 13 per cent of properties were houses.
What is available for first-home buyers?
Percentage of property type sold below the price caps
FHLDS price cap
Domain economist Trent Wiltshire said the scheme was designed to target a “modest home”.
“I think the price caps seem pretty reasonable, when you look at all the capitals you can buy around 30 to 40 per cent of all properties put up for sale in the second half of last year,” Mr Wiltshire said.
He said houses in the inner and middle suburbs that met the price caps were hard to come by, but that in the outer suburbs there were more options.
“It’s pretty obvious that it’s going to be hard to buy a house in the inner city,” he said. “Also, in all the capitals, quite a high proportion of units are available.”
Melbourne and Darwin also saw a low number of house sales that met their price caps of $600,000 and $375,000 respectively.
Areas with the most house sales in Melbourne included the statistical areas of Wyndham – which included suburbs Werribee, Hoppers Crossing and Point Cook – Casey South (Cranbourne, Hampton Park, Narre Warren South) and Whittlesea-Wallan (Bundoora, Mill Park, Mernda). More than half of all house sales in these areas were for less than $600,000.
First National Westwood agent Rob Westwood said his agency, based in Werribee, purposefully put properties on the market on Christmas Eve last year in the hopes of catching the eye of First Home Loan Deposit scheme punters.
“We definitely noticed the difference straight away,” Mr Westwood said. “That first Saturday back after New Year’s, there was a big influx of first-home buyers.”
The most house sales in Brisbane were in the Brown Plains statistical area, which included suburbs Chambers Flat, Boronia Heights and Marsden. The most units were sold were in the Brisbane inner area, which included Brisbane City, Fortitude Valley and New Farm.
LJ Hooker Browns Plains agent Scott Brannigan said he had seen more first home buyers interested in taking advantage of the home loan scheme.
“It’s a good time to get in, especially if you’re a first-home buyer, with all the incentives available.”
Brisbane: first-home buyers using the FHLDS have plenty of choice in Brisbane’s outer suburbs and also units in the inner-city
Proportion of sold properties under Brisbane’s $475,000 price cap, by SA3 region
Canberra’s price cap has been set at $500,000, and in nearly all districts except Weston Creek, 30 to 40 per cent of properties sold were under the threshold, the analysis found.
But first-home buyers may need to look for an apartment, with very few houses sold below the price point in most regions.
Canberra: there are few options for first-home buyers using the FHLDS to purchase a house
Proportion of sold properties under Canberra’s $500,000 price cap, by SA3 region
Perth, Adelaide and Hobart all had cut-offs of $400,000.
In Perth, the areas south of the city were most accessible, with 82 per cent of homes sold in Kwinana below the price cap. Rockingham offered 66 per cent of homes under the cut-off, with 61 per cent in Mandurah.
Perth: most opportunities for first-home buyers using the FHLDS are in Perth’s southern suburbs and in Mandurah
Proportion of sold properties under Perth’s $400,000 price cap, by SA3 region
For Adelaide, Onkaparinga near the Mclaren Vale wine region had the most house sales that would suit first-home hopefuls.
In the northern suburbs, 87 per cent of homes in Playford were below $400,000, and 76 per cent in Salisbury.
Adelaide: most opportunities for first-home buyers using the FHLDS are in the north
Proportion of sold properties under Adelaide’s $400,000 price cap, by SA3 region
In Hobart, the North West area was the most popular for houses under $400,000.
Some 72 per cent of sales in the Brighton region were accessible, while the inner suburbs proved a challenge with only 12 per cent of homes below the threshold.
Hobart: for first-home buyers using the FHLDS there are few options under the price cap in the inner suburbs
Proportion of sold properties under Hobart’s $400,000 price cap, by SA3 region
This article is republished from www.domain.com.au under a Creative Commons license. Read the original article.
Six houses sell for more than $1 million in bumper Brisbane auction weekend
Brisbane’s auction market posted another bumper weekend, with six properties selling for more than $1 million. A total of 81 properties went to auction at the weekend, with a healthy clearance rate of 64 per cent.
The five-bedroom, three-bathroom house at 12 Cavell Terrace, Ashgrove, sold under the hammer in a busy auction. About 60 people gathered at the house to watch for just 15 minutes as a massive 11 registered bidders battled for the gorgeous home.
Bidding opened at $1.2 million and the competition quickly came down to three bidders. The house was called on the market at $1.44 million, narrowing the field down to two bidders who bumped up the price in increments of $1000 to $5000.
After several minutes of fierce competition, the hammer was dropped and the house was sold for $1,542,000.
The property was marketed by selling agents Christine McKay & Toni Malaquin of Harcourts Solutions. Mrs McKay said there was immense interest in the property, with 98 people inspecting over the three-week campaign. Some visited the house five times.
She said the majority of this interest came, unsurprisingly, from professionals and families with younger children.
“We ran a very tight campaign over three weeks,” she said. “Very good advertising, beautiful photography. It’s a typical Ashgrovian, and they are a very popular home.”
The vendors had lived in the house for several years. Their children have recently moved out, so they’re now downsizing to the country. Meanwhile, the buyers were a young family with children.
Mrs McKay said the result demonstrated the importance of running a good campaign that ticked all the boxes. It also spoke to a Brisbane auction market that was brimming with buyers keen to walk away with a shiny new set of keys.
“There’s huge numbers of buyers out right now, and very little stock,” she said.
Elsewhere, the five-bedroom, two-bathroom house on 607 square metres at 32 Dennis Street, Grange, sold for $1.32 million. While on the other side of the city, the five-bedroom, three-bathroom house set on a spacious 767-square-metre block at 28 Coneyhurst Street, Carindale, sold under the hammer for $1,215,000.
Nearby, the classic Queenslander at 95 Belgrave Street, Morningside, was sold in a hotly contested auction for $1.03 million, marking the first time the property had been put to market in 42 years.
About 40 people packed into the home to watch for 15 minutes as five registered bidders attempted to stake their claim on the two-bedroom, one-bathroom house set on a substantial 809-square-metre block.
Bidding opened at $850,000, with two bidders very quickly moving to the front of the pack. As the price continued to rise, a third bidder got involved before the auction was paused briefly at $960,000.
A few bids later, the house was called on the market at $995,000, and then quickly snatched up by the highest bidder for $1.03 million.
Selling agent Samuel Battel, of Harcourts Property Centre, said the size of the block combined with its low to medium-density zoning meant the property appealed to a wide variety of buyers.
“We had an investor there,” he said. “We had two renovator owner-occupiers who were going to do a bit of work straight away, probably live in it for 12 months then maybe think of selling it. We had a developer who ended up buying the property, and we had another owner occupier there that was very much looking for their long-term family home.”
Mr Battel said properties of this block size were increasingly hard to find, so buyers saw it as a very rare opportunity. This was amplified by the property’s history, and that it hadn’t been to market in such a long time.
“It’s a more and more scarce product,” he said. “Particularly that close to the CBD; the majority of them are being chopped up. Either in half, if possible, or having townhouses put around them.”
The vendors had moved out of the house several years ago, but saying goodbye was still an emotional experience because the house had acted as a family home for many years.
This article is republished from www.domain.com.au under a Creative Commons license. Read the original article.
Brisbane’s housing market is poised to attract many potential homebuyers this year, supported by its infrastructure pipeline and the increasing interstate migration, according to a forecast by the Finance Brokers Association of Australia (FBAA).
The affordability gap between Brisbane and the two biggest capital city markets, Sydney and Melbourne, has influenced the influx of people to Queensland, boosting the housing demand in Brisbane.
FBAA said Sydney’s property cycles, in particular, have been the driving force of interstate migration to Brisbane.
“The real effect of this migration increase has come into question and rightly so, how influential can an additional 30,000 people be to an entire capital city market. The driving force is the affordability gap between Sydney and Melbourne,” FBAA said.
Recent figures from the Australian Bureau of Statistics show that Sydney is currently 64% more expensive than Brisbane.
“Each time we’ve seen the price gap rise, we’ve seen an exodus of people out of New South Wales to Queensland resulting in Brisbane price increases,” FBAA said.
Furthermore, the pipeline of infrastructure developments in Brisbane might boost its appeal to potential buyers.
Some of the anticipated developments include the Brisbane Airport expansion, Brisbane Metro, Northshore Hamilton Precinct, Cross River Rail, Brisbane Live, and Queens Wharf redevelopment.
“The evolution of Brisbane combined with the proven market drivers will be critical to the direction in which Brisbane’s property cycle moves. In terms of price rises, we’ll require the imbalance of supply and demand to favour the demand,” FBAA said.
According to a separate forecast by Domain, Brisbane is slated to record the second-highest price growth this year next to Sydney.
“We forecast the median house price to rise by 8% in 2020 and in 2021. This follows a period of soft price growth when Brisbane’s house prices rose only 5% in the previous three years,” said Trent Shire, an economist at Domain.
With this price-growth projection, Brisbane could witness its median house price go over the $600,000 mark for the first time.
This article is republished from www.yourinvestmentpropertymag.com.au under a Creative Commons license. Read the original article.