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Opinion

The property clock strikes big for hot spot areas

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The property clock strikes big for hot spot areas

9 Lion St, Ipswich. Picture: realestate.com.auSource:Supplied

DESPITE last month’s previous lacklustre values, analyst Michael Matusik has identified the areas on the upswing.

While property values remained fairly stagnant during February, property analyst Michael Matusik has revealed where the housing market is on the upswing.

Mr Matusik’s latest property clock for houses, has Brisbane, Gold Coast, Logan, Redlands, Sunshine Coast and Gympie all in upswing.

He said a market’s position on the property clock was based on the strength and direction of key indicators including sales numbers, price and rent, demand and how much new supply there was.

His latest Matusik Missive also listed Ipswich, the Fraser Coast and Noosa markets as heading into upswing territory.

Ipswich has many beautiful homes, often at prices well below what something similar would cost in Brisbane’s suburbs. A four-bedroom home at 9 Lion St,Ipswich is listed for $879,000.

The land the home sits on was bought in 1904 from the family of the then Ipswich Mayor Mr Pettigrew. A home was built on it in 1907.

The period home has 3.5m high ceilings, VJ walls, period window, and timber floorboards which have all been restored.

REAL ESTATE: 9 Lion St, Ipswich. Picture: realestate.com.au

REAL ESTATE: 9 Lion St, Ipswich. Picture: realestate.com.auSource:Supplied

The home has two new bathrooms, a large separate dining area and study. It is listed through Steve Athanates of NGU Real Estate Ipswich.

On the Gold Coast at Robina, 196 Easthill Drive is listed for more than $850,000.

The three-bedroom home is within the Glades Golf Community.

It has formal and informal living and dining areas, and an outdoor entertainment area with a swimming pool nearby.

196 Easthill Drive, Robina. Picture: realestate.com.au

196 Easthill Drive, Robina. Picture: realestate.com.auSource:Supplied

It is listed through Ian and Linda Mills of McGrath – Palm Beach.

On the Sunshine Coast at Noosaville a home at 15 Bluebell Court is listed for offers of more than $740,000.

The three-bedroom home is in a cul-de-sac in a residential pocket bordered by the Lake Doonella Reserve.

The single-level home has open plan living and dining areas. An outdoor area overlooks the pool and reserve at the rear of the property.

15 Bluebell Court, Noosaville. Picture: realestate.com.au

15 Bluebell Court, Noosaville. Picture: realestate.com.auSource:Supplied

The property has a double lockup garage, plus on-site side parking for a boat or caravan, on the 975sq m block.

It is listed through Tansy Grant and Justin Sykes of Ray White – Noosa.

Originally published: brisbaneinvestor.com.au

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Opinion

Gold Coast real estate market set to pick up after Comm Games

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Gold Coast real estate market set to pick up after Comm Games

The Gold Coast real estate market is set to pick up after the Commonwealth Games.Source:Getty Images

The Gold Coast real estate market may have gone quiet throughout the Commonwealth Games but it won’t stay that way for long.

IT WAS a quiet auction weekend on the Gold Coast but the market is expected to pick up now the Commonwealth Games are over.

CoreLogic auction market commentator Geoff White said the property market had gone quiet throughout the Games.

He said business was affected across the board, with many retailers including cafe and restaurant owners reporting a downturn over the past two weeks.

Gold Coast real estate market set to pick up after Comm Games

Housing around the Coomera River.Source:AAP

Gold Coast real estate market set to pick up after Comm Games
Auctioneer Haesley Cush. Picture by Scott FletcherSource:News Corp Australia

However, he was confident the market would return to “business as usual” now the event had wrapped up.

“(The market) has been affected by the Commonwealth Games, there’s not doubt about that,” Mr White said.

“But that’s not a sign of things to come, I wouldn’t have thought.”

According to CoreLogic, there were 19 auctions over the weekend with seven recorded results, whether they be sold of passed-in.

This coming weekend, there are 37 properties set to go under the hammer on Saturday and another 54 on Sunday.

Most of the properties scheduled to go to auction on Sunday are part of Ray White Queensland’s Gold Coast Auction Spectacular at Main Beach’s Sheraton Grand Mirage.

Gold Coast real estate market set to pick up after Comm Games
Auctioneer Andrew Bell.Source:News Limited

 Gold Coast real estate market set to pick up after Comm GamesThe Commonwealth Games brought many auctions across the Gold Coast to a holt.Source:Getty Images

Source: www.news.com.au

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Opinion

Coast property market to flourish for years to come

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Coast property market to flourish for years to come

THE Coast’s popularity as a lifestyle destination is strengthening its housing market, according to real estate executive Rem Rafter.

The CBRE Sunshine Coast managing director said the housing market was in “good shape”, driven by increasing population including interstate migration.

“The traditional unit market is very good with strong demand,” Mr Rafter said.

“New developments have had good pre-sales, including Stockland’s Oceanside Kawana and several apartment projects by the Walter Iezzi Property Group.

“Brisbane-based Mosaic Property Group has also been active on the Coast, with off-the-plan apartment projects under way at Coolum and Kings Beach, Caloundra.

“We have seen from recent site sales that developers are concentrating their efforts in these areas and investment yields have become quite tight as a result.”

He said the Coast’s apartment and housing market could flourish for another two to three years.

“A recent presentation by Tim Lawless of CoreLogic shows positive indicators including improved interstate migration and steady capital gains across the coast of 5.5%.

“The Sunshine Coast’s median house price of $579,526 is attractive to southern buyers, with Sydney’s house price now over $1 million and Melbourne not far behind.”

Source: www.sunshinecoastdaily.com.au

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Opinion

Sydney Baby Boomers drive real estate boom in Brisbane

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Sydney Baby Boomers drive real estate boom in Brisbane

Brisbane’s bayside suburb of Wynnum is an attractive option for southern buyers.Source:Supplied

A MIGRATION of cashed-up Baby Boomers from Sydney will lead to a real estate boom in Brisbane, according to property investment experts.

A Property Investment Professionals of Australia (PIPA) members’ survey revealed that Brisbane was regarded as the best capital city for property investment.

Of the members who participated in the survey, 46.15 per cent rated Brisbane as the best capital for investment prospects in 2018.

PIPA chairman Peter Koulizos said the Queensland capital was expected to boom as a side effect of the Sydney property boom happening when Baby Boomers were looking at retiring.

“People that have a lot of equity in their home can retire or semi-retire by selling up and buying a home in southeast Queensland,” Mr Koulizos said.

And with the median house price in Sydney more than $1 million, he said this would give them a sizeable pile of cash left over after buying a home further north.

“That is because there is such a big price difference between Brisbane and Sydney,” he said.

A PIPA survey from last year also rated Brisbane as the best capital city in which to invest, but in the past 12 months the average house price has increased by just 2.9 per cent.

Mr Koulizos said a boom would come eventually, but picking the exact point was tricky.

“Property booms take a long time to gather momentum, I doubt you will see double digit growth in Brisbane this year but it may be different next year,” he said.

Melbourne was the next best investment option according to the survey, with 19.23 per cent believing it was a good place to invest, followed by Perth at 15.38 per cent.

Originally published: brisbaneinvestor.com.au

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