Stockland Cairns hits market with $230m price tag

first_imgStockland Group is poised to capitalise on Australia’s white-hot sub-regional shopping centre market by offering a once-in-a-decade chance to buy one of Queensland’s largest retail hubs.The retail centre giant is selling Stockland Cairns with an asking price of more than $230 million, in a bid to take advantage of the unprecedented activity in both the sub-regional shopping centre sector and in Queensland’s retail market.Stockland Cairns is one of Queensland’s most significant shopping centres, with almost 50,000sqm of retail space and a strong line-up of anchor tenants.Read the full story on Commercial NewsMore 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 investor9 hours agolast_img read more

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The auction action has already started to heat up in Brisbane

first_imgWhile the outside of 67 Brook St, Windsor looked like it needed a coat of paint, it was a different story inside.Bidding on a home 67 Brook St, Windsor started at $600,000 There were three bidders vying for the home, which was marketed by Alex Rutherford. It sold under the hammer for $685,000. Inside 67 Brook St, Windsor had been renovated.Meanwhile 15 Vale St, Kelvin Grove sold at auction for $670,000. Bidding started at $550,000.Agent Mario Sultana said Kelvin Grove was attracting the smart money.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours ago“We are seeing huge popularity in entry level homes that have renovation potential for buyers keen to build their dream residence,’’ he said.“In this case, the buyer was a local father looking for a passion project and a rental. His priority though was to secure a property in this location to ensure their young family is in the school catchment zone of Kelvin Grove State School.”At 8/159 – 163 Sydney St, New Farm an apartment marketed through Aaron Woolard sold under the hammer for $890,000. Mr Woolard said they had overwhelming interest in the apartment from couples looking to downsize.Another New Farm property sold under the hammer in Ray White auctions on Thursday night.The home at 166 Merthyr Road, New Farm sold for $987,500.Agent Hamish Bowman said there had been a lot of interest in the property and he was convinced it would sell.“There were a few Sydney buyers looking at it, and we’d had a lot of local interest including some small business owners. It’s an ideal spot for a business actually,” Mr Bowman said.“Straight up, it’d be a good renter. But it’s got potential to for small business.’”Vendor Paul Quillinan, an electrician, had owned the property for the past 31 years with his brother John Quillinan. “New Farm has changed so much in 31 years. Back them you could have fired a cannon down the street and not hit anyone. But now it’s so busy, and there’s a lot of traffic and some great restaurants in New Farm too,” he said. “It’s always been so central for me in my work as an electrician, as I work on projects all around the place. I’ll stay in the area as I still like it here.“You can walk everywhere from New Farm and it’s easy to get up to the Sunshine Coast or down to the Gold Coast from there. “For us, it was just time to sell.” 166 Merthyr Rd, New Farm sold under the hammer for $987,500.STRONG weekday auction results could be a good sign for sellers planning to put their homes under the hammer this weekend.With the auction year now in full swing there are 161 home expected to go under the hammer in Brisbane this week – 44 more than last week.According to CoreLogic figures nationally the number of properties being offered for auction this week is higher than at the same time last year.Property to sell this week including three which sold at the Place in room auctions on Thursday night.center_img 169 Empress Tce, Bardon sold under the hammer.Also selling on the same night was 169 Empress Tce Bardon, which went under the hammer for $652,000.Marketing agent Mathew Abboud sold the deceased estate post war home, which sits on an elevated 465sq m in one of Bardon’s quietest street.last_img read more

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There are still plenty of properties for less than $500,000 within 20km of the CBD

first_img9/35 Lavender Place, Fitzgibbon. Picture: realestate.com.auThe two-bedroom home is being marketed through Boonie Worth, of Ray White Bridgeman Downs.The villa has a tiled, open-plan kitchen, lounge and dining area and sliding doors opening out to the covered terrace.The master bedroom has carpet, airconditioning and a fan, plus built-in wardrobes. There is also an ensuite. A laundry is hidden behind sliding doors.At Virginia, about 14km from the CBD, a home at 105 St Vincents Rd is listed for offers of $459,000 plus. 74 Boundary St, Tingalpa. Picture: realestate.com.auTHERE  are still plenty of properties for less than $500,000 within 20km of the CBD – you just have to know where to look.New research data from PRDnationwide has revealed 16.1 per cent of suburbs within 20km of the Brisbane CBD have a median price of less than $500,000. 74 Boundary St, Tingalpa. Picture: realestate.com.auWhile the high end of the market seems to have gathered some momentum, the majority of sales within the greater Brisbane area are for between $500,000 and $750,000.Only 3.8 per cent were for more than $1.25 million. At Tingalpa, about 15km from the CBD, an offer of more than $460,000 could secure you a three-bedroom home at 74 Boundary St. The home, listed through Maryanne Birch of Maryanne Birch Real Estate – Hawthorne is close to parklands.It has an airconditioned lounge, which opens onto the front veranda. The kitchen has room for a table and chairs.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 agoIt is on a 500sq m fenced block, and is close to shopping, schools and public transport.At Fitzgibbon, about 16km from the CBD, 9/35 Lavender Place is listed for offers of more than $349,000.center_img 105 St Vincents Rd, Virginia. Picture: realestate.com.auThe home is being marketed through Richard Parker, of Watt Realty – Aspley.It has a large rear deck, and the modern kitchen has new appliances and a gas cooktop.The home, which is about five minutes from the train station, features timber floors. Outside is a fully fenced yard, rainwater tank and a double lock-up garage plus another shaded car space.last_img read more

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How to freshen up your Gold Coast house: Style it in a sea of blue and white

first_imgMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North3 hours ago02:37International architect Desmond Brooks selling luxury beach villa23 hours ago8 Wallaby Place was designed for a big family “It was basically a white wash throughout to freshen everything up,” Mrs Sly said. “We changed all the dark kitchen cabinets to white.” New carpet and a fresh lick of paint were also part of the “white wash”.“The first thing we changed when we moved in was the gardens,” Mrs Sly said. The outdoor entertaining area seats up to 20 people around the long timber table. 8 Wallaby Place, Sorrento.AWASH in coastal style this home has had its own sea change. Homeowners Gina and Tony Sly spent the past 12 months renovating the house to channel a coastal style. A wave of coastal style is washed throughoutcenter_img The entertaining area is perfect for Christmas lunch“We always host Christmas lunch so when we were renovating the entertaining space was high priority,” the mother-of-two said.“My husband is a builder and I love decorating, so it works out well for us.” last_img read more

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Sydney buyers on the hunt for a bargain in this sought-after suburb

first_imgMORE interstate buyers are chasing the great Hawthorne dream, with the recent sale of a four-bedroom family home proving Sydneysiders are seeing value in the sought-after inner-Brisbane suburb.The property at 69 Elliott Street sold for $1.835 million to a couple relocating from the New South Wales capital with a view to raising a family in the home.The offmarket sale was negotiated by Luke Batchelor and Taylor Kleinberg of Place Kangaroo Point.Mr Batchelor said the property had “everything you’d ever want in a house”.“We’re seeing a lot of people from Sydney moving to Hawthorne and Bulimba,” he said.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“They see the value here for a brand new four to five bedroom home, compared to Sydney, which is ridiculous.” The outdoor area of the home at 69 Elliott Street, Hawthorne.Mr Batchelor and Mr Kleinberg also negotiated the offmarket sale of another Hawthorne home this month for $1.91 million.The property at 57 Barton Road was still in the middle of being renovated when it sold to a local family moving from Mt Gravatt.“You know the market is definitely hot in Hawthorne when they’re buying before the renovation is even completed,” Mr Batchelor said.last_img read more

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Calls for Labor to scrap ‘jobkiller’ property taxes it has on the cards

first_imgProperty holdings over $10m face a rise in tax as well as foreign buyers. Picture: AAP Image/Dave Hunt.CONGRATULATIONS are flowing in after Premier Annastacia Palaszczuk re-won state government — but property experts warn this also means two new big “jobkiller” property taxes could now go ahead. While the Property Council of Australia welcomed the end of a fortnight of uncertainty post-election, its Queensland executive director, Chris Mountford, also warned that two new property tax measures that the Labor government has planned could kill jobs.“While the result is now clear, uncertainty will remain for Queensland’s property industry which faces the prospect of two big new taxes revealed in Labor’s costing documents on the eve of the election,” he said. “These tax proposals are short on detail, but long on risk to our state’s economy. Put simply, these taxes — if implemented — would be job-killers.”More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoQueensland Premier Anastasia Palaszczuk. Picture: AAP Image/Bradley Kanaris.The Labor Party proposals included raising the land tax rate by 25 per cent for holdings ofmore than $10m and raising the foreign investor tax from 3 per cent to 7 per cent.Mr Mountford warned the measure could have a devastating effect on business rents across Queensland.“A tax on the land that a business is operating is inevitably a tax on that business, and these proposals will have a devastating flow on effect for business rents across Queensland.”“Taxes on business and investment are ultimately taxes that will be borne by Queenslanders.”Mr Mountford said the Property Council was highly supportive of the Government’s Cross River Rail project and Labor’s proposed extension of the First Home Buyers’ Grant at the current rate.last_img read more

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Buyers cut to the chase

first_imgKalynda Chase is enjoying a resurgence in popularity among buyers.New homeowners Anthony Lyall, Emily Griebenow with 9 month old Elijah Lyall and 2yo BraxURBEX is reporting an increase in sales at their Kalynda Chase housing development as confidence in Townsville’s residential property market continues to improve.Kalynda Chase, in Bohle Plains, was established 12 years ago and is now home to about 3500 residents spread over 1150 lots.Urbex sales manager Vi Miller said they were experiencing a change in consumer sentiment towards purchasing real estate in Townsville.“All signs are pointing to recovery in the Townsville property sector,” she said.“This flows on from construction of the $250 million stadium that is expected to bring in more than 700 jobs during the design and construction of the project.“We have experienced an uplift in sales at Kalynda Chase compared to a year ago.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 2020“The Kalynda Chase development is well established in Townsville but it’s still growing.”The development takes in 161ha and there are 320 lots reaming which will be released to the market over the next few years.Residents in the community have access to a tennis centre, convenience precincts, walking tracks and dog park.Emily Griebenow and her partner Anthony Lyall moved into their Kalynda Chase home about 12 months ago shortly before the birth of their first child.The couple bought 480sq m of land after being impressed by the estate’s community feel and central location.“It’s a great location for shops and schools and even if you have to go into town it’s only 15 minutes away,” the couple said.“We like to go for a walk to the park or a jog and now there is a dog park as well.”last_img read more

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Call it home for $100k

first_imgRay White real estate agent Sean Breitkreutz has sold a unit in less than a week for $100,000. Picture: Zak SimmondsHOMES in Townsville are selling for as low as $100,000 but now is the time to buy with bargain stock being snapped up quickly.Supply of bargain stock for under $150,000 is expected to start to dwindle as Townsville’s property market improves.Savvy buyers are snapping up cheap homes with a view of renovating them and selling when prices start to improve.It comes as Townsville was ranked the fourth most affordable housing market in Australia by Demographia, which looks at cities across the world and ranks them according to median house price and median household income.Ray White Geaney Property Group agent Sean Breitkreutz sold a two-bedroom Hermit Park unit at 3/7 Richmond St for $100,000 after it was on the market for less than a year.He said affordable properties offered great capital growth opportunities for investors.“The owners of the unit were really happy with the sale and if the new buyers just spend $20,000 or $30,000 on it to improve it, they could sell it for a profit in a year or two,” he said.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 2020“Hermit Park is still a popular area and I think buyers know it’s going to be fairly close to the new stadium.”Mr Breitkreutz said now was the time to snap up bargains with the amount of stock under $150,000 limited and not staying on the market for very long.“Vendors are now happy to meet the market to make a quick sale and those well-priced properties are getting snapped up pretty quickly,” he said.“I think people are starting to see the urgency to get in before the market improves.”Regional economist Colin Dwyer said while he wasn’t surprised by Townsville’s affordability rating, that could turn around thanks to projects that could create thousands of jobs.“Townsville’s median house price was $316,300 in the third quarter of 2017 and gross median household income was $75,400, while median house prices were almost four times cheaper in Townsville than Sydney,” he said.“There are more green lights in front of Townsville than red lights, including multiple construction projects that will create thousands of jobs and increase demand for rental and owner-occupier residential properties.”last_img read more

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Hamptons-style stunner is set to wow

first_imgThe home at 103 Cubberla St, Fig Tree PocketMs White said she spent most of her time downstairs enjoying the single level living layout. “It’s a really nice open space,” she said. “The back of the house is all glass.“I love looking out and seeing the birds and butterflies in the garden.”Ms White said the layout made it an ideal family home. The home at 103 Cubberla St, Fig Tree Pocket“You have good visuals from anywhere in the house,” she said.“You can be inside and see straight out to the pool and garden, which is a great attribute and will really appeal to young families.” The home at 103 Cubberla St, Fig Tree PocketThe home sits on a 1045sq m block and spans across two levels. On the ground floor, there is an open plan kitchen, living and dining area. 103 Cubberla St, Fig Tree PocketThis Hamptons-inspired home is styled to perfection. The home at 103 Cubberla St, Fig Tree PocketOwner Naomi White bought 103 Cubberla St, Fig Tree Pocket, in 2001 after seeing the property online.“We were living in Sydney at the time and I was looking for something in Brisbane,” Ms White said.“I saw it listed and fell in love straight away.”center_img More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours agoInside 103 Cubberla St, Fig Tree PocketThe section opens out to the covered deck, pool and garden through french doors.On the same floor, there is also a master suite with walk-in-wardrobe and ensuite, plus an additional bathroom and formal entryway. Inside 103 Cubberla St, Fig Tree PocketUpstairs, there are additional bedrooms, a bathroom plus a study which runs across the length of the back of the house. The gardens at 103 Cubberla St, Fig Tree PocketMs White said she loved the outdoor area of the home the most. “For me, the garden is what makes this place special,” she said.“I love it in the springtime when the star jasmine and gardenias are in full bloom.“It’s so intoxicating and so visually beautiful.”last_img read more

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