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/
Buyer’s agent shines light on Brisbane property market
Speaking to SPI, Melinda Jennison of Streamline Property Buyers explained why now is an exciting time for property investors in Brisbane.
“As the third largest capital city in Australia, Brisbane is the economic engine for Queensland as a whole,” Ms Jennison said.
“Over recent years we have experienced an apartment oversupply in the inner city ring suburbs which has definitely had an impact on investor returns in terms of capital growth and rental yield in that market. The run-off effect was that vacancy rates in inner ring suburbs started to increase which resulted in negative rental price growth.
“The middle ring and outer suburbs were less effected. But more recently construction commencements have slowed right down and we are now facing a period in the immediate future of potential undersupply which is likely to put upward pressure on prices.”
Further, Ms Jennison said the team is already seeing vacancy rates drop sharply. She noted that rental price growth has also been consistent for a few months.
“The immediate future looks very bright for investors considering we have population growth that is accelerating and a record volume of infrastructure projects underway which will help stabilise the local economy in the years ahead,” Ms Jennison said.
“That said, the housing market in Brisbane has been performing strongly in some suburbs – even in light of the fact that the median price growth for Brisbane houses over the last 12 months has shown a relatively flat market.
“We have been purchasing properties for clients in suburbs that have shown consistent year-on-year price growth upward of 5 per cent per annum for the last five years. It all comes down to local drivers of supply and demand and understanding, at a local level, what is happening in the Brisbane property market. “
According to Ms Jennison the Brisbane market is being taken advantage of by interstate investors, undoubtedly because of the affordability factor when compared to Sydney and Melbourne.
“Our investment yields are also a lot more attractive, which is another reason interstate buyers are heading north,” she added.
“Brisbane also has all of the fundamental drivers of solid price growth in place and there are many large research groups including QBE Housing Market Outlook and BIS Oxford Economics who are predicting very good capital growth – up to 20 per cent across the next three years – in Brisbane.”
Ms Jennison expects more interstate investor activity in the months ahead “as property investors start to see price rises in Brisbane (hopefully) and then, as often happens, a lot more people will move in once the upward price growth trend is established”.
“But more so than this, I think a lot of people have much better access to funding since the APRA changes came into effect and we have also seen two interest rate cuts (with more to come) so there is certainly more confidence in property markets as a whole,” she said.
Streamline Property Buyers was launched by Melinda and Scott Jennison just over 12 months ago.
During this time, Ms Jennison says one of the biggest obstacles they’ve seen clients face is maintaining a strategy when it comes to their property portfolio.
“We are finding that a lot of clients are quite confused when we speak to them about what property investment strategy is going to be right for them,” she explained.
“There is so much information and so much ‘noise’ about different investment strategies on offer today. Capital Growth, cash flow, flip, manufacture equity, development…. for the average investor a lot of this information can be overwhelming.
“Part of our service is that every client gets a one-on-one strategy session with a Qualified Property Investment Advisor (QPIA) so we can help clarify what type of strategy might be best suited to an individual investor’s personal circumstances.
“Because we are all different in terms of our goals, our risk appetite, our incomes and our lifestyles, it is important to understand what investment strategy might be best suited to the individual and not take a ‘one-size-fits-all’ approach.
“Also, for those looking for a more sophisticated strategy to manufacture equity or complete a development project, we have the team that can assist with the whole process from concept to completion. So our service is usually tailored to the needs of our clients. “
It is this service capability which was one of the reasons why the Jennison’s decided to roll out Streamline Property Buyers to the Brisbane market.
“Scott and I have been involved in Brisbane property for more than 20 years as investors, builders and property developers. We wanted to create a boutique service offering where we could guide buyers who may not have the same intricate knowledge of our local property markets,” Ms Jennison said.
“Brisbane property is very different to Sydney and Melbourne in terms of land constraints (eg flooding) and our architecture (largely tin and timber homes). Therefore it is important for property investors to understand how these differences can impact on the performance of an asset.
“While property investing is largely related to selecting the right location for the relevant investment strategy, our business was created on the foundation of helping others not only select investment grade locations in Brisbane based on the numbers and our local knowledge, but also to ensure people avoid costly mistakes and to provide complete transparency around the asset that they are looking to buy.”
Another reason was to fill a knowledge gap that a lot of people have during the home buying process.
“During a project where I was managing a small townhouse development for a client, I reached out to the adjoining property owner to discuss the dividing fence. During my discussions, she told me that they had just moved in to the property only weeks before we demolished the single house next door and started to construct three townhouses in its place. She was devastated and had no idea she would be living next door to three neighbours instead of just one,” Ms Jennison said.
“It made me realise that most people would not understand what land zoning means, how to find approved developments in an area, what areas will change due to development or planned infrastructure in the future – among other things.
“It was a light bulb moment where I realised the skills Scott and I had could really benefit property buyers throughout Brisbane.”
For Ms Jennison, Streamline Property Buyers primary goal is to “select the best possible property for our clients every time, one that we know will not cause headaches down the track but will deliver the desired results that a client is looking to achieve.”.
“We also want to enable our clients to become more confident property investors following their experience with us,” she added.
“We achieve this through our unique service offering. Every client gets access to every team member throughout their journey with us. We don’t just take over the process, we help people to understand the reasons why a property may or may not be a good investment for a particular strategy.
“When we achieve this, our clients become raving fans and this is how we build our brand and our business into the future.”
Brisbane auction record smashed with $8.4 million Bulimba sale
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.
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
|95-99 McConnell Street||Bulimba||2019||$8.4 million|
|39 Griffith Street||New Farm||2019||$7.75 million|
|22 Sandford Street||St Lucia||2009||$7.75 million|
|29 Laurence Street||St Lucia||2010||$7 million|
|78 Jilba Street||Indooroopilly||2007||$6.1 million|
|20 Scott Street||Hawthorne||2017||$5.6 million|
|22 Langside Road||Hamilton||2016||$5,385,000|
|34 Quay Street||Bulimba||2016||$5.33 million|
|14 Otway Street||Holland Park||2016||$5,225,000|
|9 Griffith Street||New Farm||2013||$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.
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.
“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.
Residential property near Brisbane’s Cross River Rail pinpointed as investor opportunity: John McGrath
The latest figures from the Australian Bureau of Statistics show the value of new loans to investors (excluding refinancing) across Australia jumped by 4.7% in July – the highest monthly gain since September 2016.
On the east side of the country, Canberra led the way with a 22% spike in the value of loans from June to July, followed by Queensland at 8.1%, Victoria at 5.7% and NSW at 2.0%.
John McGrath told Switzer readers, “My best piece of advice for property investors is to buy quality and focus on location and aspect.”
“Go for a quality property in a great street, in a desirable neighbourhood, with plenty of amenities such as cafes, shops and public transport. These properties might cost a bit more, but you’ll get better capital gains.”
“In terms of locations, I think a good strategy is buying close to new infrastructure. There is so much building going on and this is creating opportunities for investors to capitalise, especially in areas where prices have fallen during the downturn,” he added.
He analysed the impact and reasons that investing near the Brisbane Cross River Rail which is starting at the end of 2019, with the aim of opening 2024, may have potential.
IMPACT: Stretching from Dutton Park to Bowen Hills, the 10.2km line will provide a second river crossing so more trains can run. It will include four new stations and revitalised precincts at Boggo Road, Woolloongabba, Albert Street and Roma Street, with upgrades to existing stations at Dutton Park, Exhibition, Salisbury, Rocklea, Moorooka, Yeerongpilly, Yeronga and Fairfield.
OPPORTUNITY: We tend to see a lift in property values when projects are announced, commenced and completed. Using Woolloongabba as a case study, the median house price sat around $770,000 from 2015 to 2018 but is now starting to grow. It’s $822,000 today, up 7.9% over FY19. The median apartment price has been drifting down since 2015 from $526,500 to $405,000 today.
PREDICTION: CoreLogic-Moody’s Analytics predicts 1.2% growth in house prices and 9.1% growth for apartments over CY20 and CY21 in Brisbane-South, which incorporates Woolloongabba, Fairfield, Dutton Park and Yeronga.
He also looked at the latest Melbourne, Canberra and Sydney infrastructure developments and the impact they have had and will continue to have.
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