Gold Coast Queenslander snapped up for $1.45 million

first_img53 Petsch Creek Rd, Tallebudgera Valley. 53 Petsch Creek Rd, Tallebudgera Valley. 53 Petsch Creek Rd, Tallebudgera Valley.A TALLEBUDGERA Valley Queenslander has been snapped up for $1.45 million after just 10 days on the market.The property at 53 Petsch Creek Rd was set to go to auction but the owners received an offer too good to refuse.Ray White Tugun agent Ken Jacob said the buyers, from Runaway Bay, were looking for a tree-change.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North10 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“You can really appreciate the country life our here and the buyers totally fell in love with the property,” Mr Jacob said.“It is beautifully presented with a lovely creek that runs through it.”There are two residences on the property including the main Queenslander residence as well as a separate self-contained two-bedroom cottage.Described as perfect for “the horse enthusiast family”, the acreage property it set up with perimeter fencing, a stable and feed/tack room.last_img read more

Is this Brisbane’s smallest home site?

first_imgBeautifully renovated and all your for $1.125 millionMore from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoThe home is a classic circa 1890, two-level, terrace house with four-bedrooms, three-bathrooms, three-car parking and two-street access.The catch? It’s set on just 182sq m, so the money you save on a mower could go towards the $1.125 million asking price. The home is a classic example of a circa 1890 cottage.The fully restored home also featured beautiful high ceilings, vintage oak stairs, French doors, verandas and deck, and views across the suburb to distant mountains. A room with a view — not starring Helena Bonham Carter.The home last traded in April 1998 for $175,000 and attempts to sell for ‘over $1 million’ last year failed, but with inquiry for high quality inner-city real estate on the rise, a new owner might be just around the corner. Follow Kieran Clair on Twitter @kieranclair 23 Belgrave Street, Petrie Terrace could be Brisbane’s smallest freehold lot currently on the market.‘Good things come in small packages’ as demonstrated by this listing at 23 Belgrave St, Petrie Terrace. A great place to get away — and all within two kilometres of the CBD.last_img read more

Modest bayside home achieves mega auction result

first_img12 Kooralgin St, Manly achieved a whopping $1.42 million at auction last weekend.The modest three-bedroom home at 12 Kooralgin Street, Manly with picture-book marina views wouldn’t look like much to the casual observer.But over the weekend, it achieved a monster $1.42 million at auction, cementing Manly Hill’s reputation as a Millionaire’s Row.L J Hooker Manly principal, Murray Mercer, said it was a brilliant outcome for all involved.“I’m ecstatic. So is everyone else I think,” Mr Mercer said.“It surpassed the reserve well and truly.”More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoMr Mercer said the marketing campaign saw over 45 parties walk through the home’s doors, with 13 registered bidders lining up on the day.The property was part of the estate of a local identity who had lived at the address since building the home in 1958.“It’s a pretty tight market that little section of the hill … and this one was special because of the well known the guy that owned it,” Mr Mercer said.“He used to sit on that veranda overlooking the bay and everyone use to wave at him and he used to wave back. He was a bit of a local celebrity.”While the 483sq m site would have suited buyers looking to build a grand new residence, Mr Mercer said the winning bidder has long-term plans for keeping the home.“The gentleman that’s bought is going to renovate it a bit and rent it long term and maybe use it for himself as he goes into retirement,” he said.Big results such as this reflect the latest analysis by Corelogic which showed Brisbane house prices rose 3.4 per cent over the past year, despite a recent fall in auction clearance rates.last_img read more

Property guru puts Townsville near top

first_imgA top national property expert has named Townsville as one of the top 10 places to invest in the country. Economist Colin Dwyer agrees that Townsville is about to turn around.MAJOR job-generating projects expected to inject billions into North Queensland’s economy have landed Townsville in the top 10 places to invest in the country.National property analyst and founder of the Hotspotting website, Terry Ryder, listed Townsville in his National Top 10 Best Buys April-August 2018 edition. Mr Ryder, who has a track record of identifying future price-growth areas, listed Townsville because of the city’s diverse economy, historic property price growth, declining rental vacancy rates and falling unemployment.In the report he says major projects either proposed, approved or under construction are likely to create massive job growth that will flow on to the property market.“Townsville ranks among the sturdiest regional economies in Australia,” Mr Ryder says in the report. “We always seek economic diversity in a property investment location and Townsville has more than most regional cities.“It has strong elements of government administration, education, defence, resources, health, tourism and manufacturing, plus an export port.“Its property market experienced an unbroken run of double-digit growth years from 2002 to 2007 and, after experiencing some mixed fortunes in the past couple of years, is ready to resume forward progress.” Vacancy rates are sitting at 4.1 per cent after continuing a downwards trend from a peak in September last year at 7.1 per cent.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020At the end of 2017, median house prices were $335,000 after declining 2.9 per cent in 12 months, while the median unit price was $256,000, a decline of 2.8 per cent, according to CoreLogic.Figures from the first quarter of 2018 are yet to be released but real estate insiders are forecasting a much more positive start to the year compared to 2017. The latest Herron Todd White report Townsville in Focus places Townsville’s residential market at the start of recovery.Townsville’s employment growth is also above the state average of 3.5 per cent, sitting at 12.6 per cent in the 12 months to February 2018, according to the ABS.Keyes & Co principal and REIQ regional director Damien Keyes said investor interest was increasing and he had recently sold an inner-city apartment under the hammer to a southern investor.“The investment side of things has really picked up and we’ve had (the) State Government selling housing commission properties and they are really cheap stock, which is attracting investors on a local level,” he said. “We had a cheaper apartment sell in North Ward and 90 per cent of the inquiry was from investors in New South Wales.“I think we’ll continue to see a lift in investor interest because Townsville will become more attractive because our median house price is low compared to capital cities.”Regional economist Colin Dwyer (pictured) said there were positive indicators that Townsville’s economy was starting to turn around.“We’ve had high unemployment rates and low confidence in 2016 and 2017 and we’ve also had high vacancy rates and low residential building approvals but now some of that data is starting to turn around,” he said. “I think we’ve reached the bottom of the cycle and now we’re starting to improve. As soon as vacancy rates get to lower than 3 per cent there will be more income and then more jobs and you will start to see better investment activity.”last_img read more