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Dozens of Gold Coast homes set to go to auction during the Commonwealth Games

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Dozens of Gold Coast homes set to go to auction during the Commonwealth Games

74-76 The Promenade, Isle Of Capri, will be auctioned off on April 7.Source:Supplied

SELLERS and real estate agents are hoping to leverage off the thousands of visitors flocking to the Gold Coast for the event.

ABOUT 1.5 billion people are turning their eyes to the Gold Coast over the next 10 days, providing a unique opportunity for homeowners to sell their properties.

Dozens of auctions have been scheduled throughout the Commonwealth Games to leverage off the hundreds of thousands of visitors expected to flock to the city.

Despite road closures and plenty of sporting action, sellers and real estate agents are hoping interstate and overseas visitors will attend auctions to secure their own slice of paradise.

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games
23 Hill Ave, Burleigh Heads, is among one of the first to go to auction throughout the Games on April 7.Source:Supplied

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games
47 Gumtree Crescent, Upper Coomera, will also go under the hammer on April 7.Source:Supplied

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games
This Coolangatta property at 38 South Street will go to auction on April 8.Source:Supplied

Ray White Burleigh Waters sales agent Brent Hodge said its Gold Coast South Network had organised a marketing campaign around the event.

More than 20 properties will go to auction on April 8, which would be held at one location in Tweed Heads – well away from the city’s chaos.

He said they couldn’t guarantee people were going to “come off the aeroplane and buy property” but thought it was worth a try.

Ray White Prestige Gold Coast agents Sam Guo and Julia Kuo have multiple properties set to go under the hammer over the next two weeks.

Mr Guo said sellers didn’t want to miss out on the influx of visitors.

They had been inundated with requests from buyers to market or auction their homes throughout the Games.

“Our clients are hoping they might take advantage of all the interstate (visitors),” Mr Guo said.

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games

27 Knightsbridge West Parade, Sovereign Islands, will go under the hammer on April 8.Source:Supplied

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games
19 Naples Ave, Isle of Capri, will go to auction on April 14.Source:Supplied

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games
9/17 Marseille Court, Sorrento, will also be auctioned off on April 14.Source:Supplied

He said they were hoping to appeal to those who wanted to explore the city while they were here and were interested in buying.

“I don’t believe everyone will go to see all the games,” Mr Guo said.

However, some agents remained unconvinced that holding auctions during the event would make much of a difference.

Professionals Mermaid Beach managing director Andrew Henderson said they would continue to market properties throughout the games but would hold off on auctions until May.

“We avoided April,” Mr Henderson, who is also the REIQ Gold Coast zone chair, said.

“It’s a great time to promote, we’ve been putting on as much stock as we can.

“I just didn’t think it was the right (time to) do auctions with road closures.”

Professionals Southport sales consultant Andrew Wright considered pushing one of his properties set to go under the hammer on April 8 back.

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games
This Mermaid Waters home at 19 Cadence Avenue will go to auction on April 14.Source:Supplied

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games

32 Emu Court, Sorrento, will go under the hammer on April 15.Source:Supplied

Dozens of Gold Coast homes set to go to auction during the Commonwealth Games
13 Glauca Street, Burleigh Heads, will also go to auction on April 15.Source:Supplied

He was concerned about traffic congestion but said they had already postponed an auction on the property.

“It came into consideration because we were actually thinking of cancelling … but we just decided to proceed,” Mr Wright said.

“Geographically, that place is a long way from the Southport and Cararra hustle and bustle.

“There’s a lot of locals … that are interested (in the property), there may well be some interstate interest as well. But it certainly wasn’t a marketing plan.”

Burleigh Miami Realty principal Neil Pasley would have changed the April 15 auction of one of his properties if it were close to a big Games sporting venue.

He said the owners chose the date based on personal reasons but it didn’t bother him because it was not near a Games precinct.

He didn’t think many visitors would attend.

“Most people will either be at the Games or watching it on TV,” Mr Pasley said.

“If someone is interested, they’re going to come anyway.”

Auctions during the Commonwealth Games:

– 23 Hill Ave, Burleigh Heads (April 7)

– 47 Gumtree Crescent, Upper Coomera (April 7

– 74-76 The Promenade, Isle of Capri (April 7)

– 38 South St, Coolangatta (April 8)

– 27 Knightsbridge Parade West, Sovereign Islands (April 8)

– 19 Naples Ave, Isle of Capri (April 14)

– 9/17 Marseille Court, Sorrento (April 14)

– 19 Cadence Ave, Mermaid Waters (April 14)

– 32 Emu Court, Sorrento (April 15)

– 13 Glauca St, Burleigh Heads (April 15)

Source: www.news.com.au

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Top 68 suburbs for growth in Queensland revealed

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Top 68 suburbs for growth in Queensland revealed

Top 68 suburbs for growth in Queensland revealed. New data has shown the top 68 suburbs in Queensland for capital growth over the last 12 months to June, with the number one spot reaching triple digits.

Top 68 suburbs for growth in Queensland revealed

Outlined in the Real Estate Institute of Queensland’s Queensland Market Monitor report, REIQ CEO Antonia Mercorella said despite the ‘doom and gloom’ of the property market, there are still locations that are seeing large gains in profitability.

“A total of 68 suburbs throughout Queensland have delivered double-digit growth over 12 months, which is a really strong result,” Ms Mercorella said.

“And there are many more suburbs delivering strong single-digit growth. It’s a great market to be in at the moment.”

While south-east Queensland saw a lot of attention, there were some high growth suburbs found in central and northern Queensland.

The area with the strongest growth was Blackwater, which saw a rise of 151 per cent growth, which Ms Mercorella attributed to the resurgence of coal prices.

Aside from Blackwater, 10 other suburbs saw growth over 20 percent. These included:

  • Spring Mountain with growth of 103.6 per cent;
  • Collinsville with growth of 46.2 per cent;
  • Minyama with growth of 45.8 per cent;
  • Hamilton with growth of 32.9 per cent;
  • Hollywell with growth of 30.5 per cent;
  • Miles with growth of 23.5 per cent;
  • Mount Coolum with growth of 21.9 per cent;
  • Dundowran beach with growth of 21.5 per cent;
  • Boonah with growth of 21.3 per cent; and
  • Idalia with growth of 21.3 per cent.

Ms Mercorella said the top 11 suburbs were indicative of steady growth across the state, but warned against calling it a ‘boom’.

“While we’re definitely seeing prices come back in western Queensland mining towns, such as Blackwater, these prices are still below their peak,” she said.

It’s unlikely we’ll see a return to pre-2013 prices in those areas anytime soon.”

South-east Queensland

While the top 11 suburbs show a spread of high growth suburbs through the state, 41 suburbs out of the 68 are located in the ever-popular south east corner of Queensland.

Of these, 15 suburbs were located in the Sunshine Coast region, with the highest growing being Minyama, which ranked fourth overall.

The Brisbane region also saw a large number of high performing suburbs at 13. Hamilton was the region’s best performer and fifth overall.

Next was Ipswich with six suburbs, then the Gold Coast with four, Moreton Bay with three, while Redland and Logan suburbs did not rank.

Regional Queensland

Outside of south east Queensland, 27 regional suburbs ranked on the list, with the Townsville region recording four suburbs. Its highest performer was Idalia, which ranked 11th overall.

Next were the Cairns and Gympie regions, both recording three suburbs each. Cairns’ top performer was Palm Cove, which ranked 26th overall, while Cooloola Cove was Gympie’s top performer, which ranked 42nd overall.

While only recording one suburb, the Whitsunday region’s Collinsville ranked third overall.

The Bundaberg and Toowoomba regions both recorded two top suburbs, while the Banana, Charters Towers, Fraser Coast, Gladstone, Isaac, Livingstone, Mackay, Rocky, Scenic Rim, Somerset and Western Downs regions all had one top suburb each

Top 68 suburbs for growth in Queensland revealed

Top 68 suburbs for growth in Queensland revealed

The top 68 suburbs which experienced double digit growth over the last year to June 2018, according to the REIQ, are:

Rank Suburb Median price Capital growth over 12 months (as a percentage)
1 Blackwater $94,250 151.3%
2 Spring Mountain $450,000 103.6%
3 Collinsville $95,000 46.2%
4 Minyama $1,310,000 45.8%
5 Hamilton $1,442,000 32.9%
6 Hollywell $810,000 30.5%
7 Miles $148,250 23.5%
8 Mount Coolum $670,000 21.9%
9 Dundowran Beach $607,000 21.5%
10 Boonah $324,500 21.3%
11 Idalia $485,000 21.3%
12 Rasmussen $347,500 19.9%
13 Yaroomba $749,000 19.7%
14 Biloela $272,750 18.6%
15 Burnett Heads $317,000 18.1%
16 Tivoli $295,000 18.0%
17 Cashmere $690,000 18.0%
18 Walloon $370,000 16.7%
19 Sunshine Beach $1,400,000 16.7%
20 Noosa Heads $1,070,000 16.0%
21 Hope Island $739,750 15.7%
22 Ripley $374,000 15.4%
23 Sandgate $705,000 15.2%
24 North Ward $575,000 15.0%
25 Paddington $1,150,000 14.7%
26 Palm Cove $606,000 14.3%
27 Charters Towers City $142,500 14.0%
28 Pelican Waters $761,000 13.9%
29 Cooee Bay $313,000 13.8%
30 Mount Ommaney $944,000 13.7%
31 Fernvale $357,500 13.5%
32 The Range $380,000 13.4%
33 Landsborough $432,500 13.4%
34 Sunnybank $832,500 13.3%
35 North Mackay $270,000 13.2%
36 Whitfield $540,000 13.1%
37 Graceville $932,500 13.0%
38 Hendra $1,100,000 12.7%
39 Shorncliffe $840,000 12.4%
40 Moranbah $185,000 12.1%
41 Coes Creek $442,500 12.0%
42 Cooloola Cove $317,500 12.0%
43 Battery Hill $578,000 12.0%
44 Seven Hills $940,000 11.9%
45 Nundah $755,000 11.9%
46 Monkland $240,000 11.6%
47 Bongaree $470,000 11.6%
48 Clifton Beach $557,500 11.5%
49 Maroochydore $639,000 11.2%
50 Twin Waters $823,000 11.2%
51 Cambooya $322,500 11.2%
52 Tewantin $572,500 11.2%
53 Coolum Beach $675,250 11.2%
54 Kedron $744,500 11.1%
55 Sunrise Beach $820,000 11.0%
56 Oakey $241,500 11.0%
57 D’aguilar $416,000 10.9%
58 Mountain Creek $610,000 10.9%
59 Flinders View $371,500 10.9%
60 Highland Park $570,000 10.7%
61 Rosewood $291,000 10.7%
62 Bulimba $1,300,000 10.6%
63 Kirkwood $353,500 10.5%
64 Woodgate $402,500 10.3%
65 Railway Estate $309,500 10.1%
66 Auchenflower $1,070,000 10.0%
67 Rainbow Beach $489,500 10.0%
68 Ormeau Hills $530,000 10.0%

Source: brisbaneinvestor.com.au

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Market Place

Four Gold Coast suburbs see double digit property price growth

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Four Gold Coast suburbs see double-digit property price growth

Four Gold Coast suburbs see double-digit property price growth. The property price boom has continued on the Gold Coast, with four suburbs seeing massive double-digit growth over the last 12 months.

Almost 70 Queensland suburbs delivered double-digit growth over the 12 months to June, according to the latest research from the Real Estate Institute of Queensland.

The waterfront suburb of Hollywell was the best performer on the Gold Coast, coming in at sixth with a capital growth of 30.5 per cent.

The median house price in the area is now around $810,000.

Hope Island came in 21st with prices increasing 15.7% to a median of $739,750.

Highland Park ranked 60th an increase of 10.7% to $570,00 while Ormeau Hills scraped in at 70th with 10% increase to $530,000.

REIQ CEO Antonia Mercorella said while many headlines predicted doom and gloom for the property market, the reality was very different with many markets in Queensland performing exceptionally well.

“A total of 68 suburbs throughout Queensland have delivered double-digit growth over 12 months, which is a really strong result,” she said.

“And there are many more suburbs delivering strong single-digit growth. It’s a great market to be in at the moment.”

She said it was good to see the suburbs delivering good growth are not all focused in the southeast corner.

“This spread of suburbs is a good indication that Queensland real estate is delivering steady sustainable growth across the board. We’re seeing growth outside the southeast corner,” Ms Mercorella said.

Four Gold Coast suburbs see double digit property price growth

List of Top Performing Suburbs in Queensland (Supplied REIQ)

Four Gold Coast suburbs see double-digit property price growth

Reference: MyGC.com.au

 

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Gold Coast Athletes’ Village Get New Name, Hits the Market

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Gold Coast Athletes’ Village Get New Name, Hits the Market

Gold Coast Athletes’ Village Get New Name, Hits the Market

Gold Coast Athletes’ Village Get New Name, Hits the Market. The former site of the Gold Coast Commonwealth Games Athletes’ Village looks set to become a thriving community “unlike anything the Gold Coast has seen”.

In a first for the Gold Coast, all 1,251 apartments and townhouses in the $550 million Grocon-built Athletes’ Village will be offered solely for long-term rent.

The new residential and retail centre will include 18 apartment buildings, 82 double-storey townhouses and will be called “Smith Collective”.

At the heart of the precinct will be a 6,280sq m retail and dining hub, with major supermarket chain Woolworths and retail giant BWS already securing tenancies.

The land is still formally owned by the state government and held under a lease agreement to a company jointly controlled by developer Grocon and global investment bank UBS.

Gold Coast Athletes’ Village Get New Name, Hits the Market

 

Gold Coast Athletes’ Village Get New Name, Hits The Market

Gold Coast Athletes’ Village Get New Name, Hits the Market. All 1251 apartments in the former athletes village will be offered solely for long-term rent

Michael Woodrow, executive director of Smith Collective project manager UBS Asset Management, said international trends showed people were increasingly willing to forgo homeownership in favour of the quality of lifestyle and location offered by precincts such as Smith Collective.

“Research shows that while an increasing number of people want to live where they work, shop and play, they also yearn for the security of long-term leases and ability to add personal touches to their homes,” Woodrow said.

“By maintaining ownership of Smith Collective’s residential offering, we are able to grant those wishes and help our residents and retailers build a sense of community often lost within large-scale urban developments.”

Woodrow highlighted that Smith Collective’s new name was relatable and reflective of the future community.

“As the most common surname in Australia and one of the 10 most common in the world, ‘Smith’ highlights that the community really is for everyone,” Woodrow said.

The name was also chosen as a geographical link to the Smith Street Motorway, which the complex is situated on.

Set among seven hectares of parkland, the community is located within close proximity to Griffith University’s Gold Coast campus, Gold Coast University Hospital, Gold Coast Private Hospital and the Southport CBD.

Global real estate services company JLL has been appointed to manage the site with dwellings set to be released in stages as the community grows.

A community of 2,500 academics, students, scientists, doctors and nurses is expected once complete.

Internal works, on the “bright and airy” self-contained apartments and townhouses, are set to be completed in December.

Source: theurbandeveloper.com

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