The ocean outlook from 25 Hedges Ave, Mermaid Beach.He said the buyers were wanting to build their dream home in Mermaid Beach and had forfeited a “reasonable deposit”.“The buyers have elected to buy something else where they didn’t have to remove the house and it was $200,000 cheaper,” he said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North11 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“The market down there (Hedges Ave) is so tightly held, there are only four homes for sale and two beachfront villas at the moment.”He predicted No. 25 would resell quickly. “We already have three other people looking at it so it will go pretty quickly,” he said. 25 Hedges Ave, Mermaid Beach is on the market for $6.75 million.A CHANGE of mind has cost a Gold Coast buyer their house deposit on Mermaid Beach’s Millionaire’s Row.The cashed-up locals walked away from what is understood to be $100,000 after finding another property 600m up the street.They bought a 1970s beachfront house at 25 Hedges Ave last month for $6.5 million before changing their minds this week and snapping up a vacant block at 127 Hedges Ave for $6.3 million instead. No. 127 had only been on the market two days before the buyers made their move. Both blocks are beachfront and 607sq m in size.Kollosche Prestige Agents principal Michael Kollosche negotiated the initial sale of No. 25 which is now back on the market at $6.75 million. 25 Hedges Ave, Mermaid Beach is on the market for $6.75 million.Professionals John Henderson Real Estate director Luke Henderson said the last home on Hedges Ave he sold was No. 73.“The sale price was $4.775 million and we got a 10 per cent deposit which was more than $470,000,” he said.“You try and get 10 per cent but on the larger properties a deposit of that percentage isn’t as easily attainable.”He said in 16 years of selling real estate he could only recall a “handful” of buyers walking away once a property was unconditional.REIQ CEO Antonia Mercorella said the maximum deposit that could be collected was 10 per cent.“Strictly speaking there’s no legal requirement for a deposit, but it rarely happens that there is no deposit down,” she said.“It’s always advisable to seek a deposit, and always the maximum, if you can get it.”She said the rights of the vendor would depend on the contract.“In addition to the deposit being forfeited, the vendor may be entitled to further compensation depending on the circumstances of the case,” she said.
The balcony is a great place to watch the sunset.The two other upstairs bedrooms have built-in robes and the main bathroom has a bathtub and separate shower. The home has airconditioning and fans throughout as well as plenty of storage space, including a storage area in the double lockup garage. This home is in the Green Gate release of North Lakes and is close to childcare centres, schools, Ikea, the local golf club and the Westfield shopping precinct. The kitchen has plenty of work and storage space.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The open plan living area is on the ground floor with lounge, dining and kitchen spaces opening to the outdoor entertaining area. The kitchen has an island bench, plenty of cupboard space and stainless steel appliances. The bigger downstairs bedroom, with walk-in robe and easy access to the downstairs bathroom and powder room, could be a guest room while the second bedroom could be used as a study. The laundry is tucked away off the double garage and has external access.Upstairs, a family room opens to a covered balcony with views over the golf course. The master bedroom has a walk-in wardrobe, balcony access and an ensuite with shower made for two, and double basins. The home at 68 Elkington Circuit, North Lakes is perfect for families.A TWO-storey home built for entertaining is on the market in North Lakes.Harcourts North Lakes marketing agent Naomi Carter said 68 Elkington Circuit was a home that ticked all the boxes for buyers looking for a family property. “This delightful family home has all the space a family could need and extra room for the guests,” she said.The house sits on a 569sq m block with side access and plenty of room for the children’s toys and even the boat.
12 Joan St, Southport.Poised on a 506sq m elevated block the three-bedroom home features polished timber flooring and modern kitchen in its cottage design. “It was a really popular house, the space is one of the big drawcards,” Mr Willcox said.“We had over 40 inspections in 28 days for this property.“There is plenty of room to entertain, as not only is there one, but two outdoor alfresco entertaining areas.“You can potter around in the outdoor shed, and grow your own vegetables from your gardens.” 12 Joan St, Southport.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North7 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoJesse Wilcox from Lambert Willcox said the home sold above the reserve and brought the owner to tears.“It sold well above the sellers expectations and it was a special moment when it sold,” Mr Willcox said. 12 Joan St, Southport. 12 Joan St, Southport.THIS Southport cottage didn’t last long at auction cracking under the hammer for $586,000 in 15 minutes. The auction attracted five bidders who battled it out to secure the fully-restored cottage at 12 Joan St.
This house at 60 Joseph St, Camp Hill, is going to auction. Picture: realestate.com.auIt recorded the highest auction clearance rate in Queensland during the June quarter, with 22 out of 29 properties selling under the hammer.According to the latest CoreLogic data, the suburb’s median house price grew 9.5 per cent in the 12 months to April to $850,000. The Gold Coast region was the busiest non-capital city auction market in the June quarter, according to CoreLogic. Photo: AAP/Dave Hunt This home at 60 Joseph St, Camp Hill, is going to auction. Picture: realestate.com.auThat’s good news for Kylie Gosbell, whose Camp Hill home is scheduled to be auctioned early next month.Ms Gosbell said she decided to take her five-bedroom, three-bathroom house at 60 Joseph Street to auction because she believed it would provide the best opportunity to drum up interest.“I’m quietly confident it will sell,” she said.The two-level home was architecturally designed and built less than two years old and has a designer kitchen and a large timber deck overlooking a pool and landscaped yard with wetbar. This house at 12 Janina St, Sunnybank Hills, is going to auction. Picture: realestate.com.auSunnybank Hills had the most homes taken to auction, with 37 properties going under the hammer.The suburb, which is 14km from Brisbane’s CBD, has a median house price of $656,500 and saw 220 houses sold in the 12 months to April. One of the bathrooms at 60 Joseph St, Camp Hill. Picture: realestate.com.auMr Trovas said auctions in Brisbane were becoming more common, particularly the closer a suburb was to the CBD because the competition was greater than in the outer suburbs.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 investor2 hours ago”The only thing that prevents a property from selling is an owner with an unrealistic expectation,” he said. “One of the things that’s really difficult to define is what an emotional buyer will pay for a property, and the biggest mistake a seller can make is to try and guess what that number is.” According to CoreLogic, the number of homes taken to auction increased in Brisbane during the June quarter, with 1760 properties going under the hammer compared to 1273 during the first three months of the year. Noosa’s property market was experiencing renewed buyer interest. Picture: Lachie MillardSQM Research managing director Louis Christopher said lending restrictions and the oversupply of inner-city apartments might be turning investors off Brisbane and towards the Gold Coast and Sunshine Coast housing markets, which were “clearly outperforming Brisbane”.“That’s abnormal because normally all three regions tend to be closely correlated with each other,” Mr Christopher said.AUCTION REVIEW RESULTS(Suburbs where at least 20 auction results were reported) Brisbane Suburb Clearance rate (June qtr) Total auctions (June qtr)1. Camp Hill 75.9% 312. Coorparoo 73.9% 283. Eight Mile Plains 68.2% 234. Sunnybank 53.8% 265. Taringa 52.4% 22 Gold Coast Suburb Clearance rate (June qtr) Total auctions (June qtr)1. Coolangatta 63.6% 23 2. Mermaid Waters 56.5% 333. Palm Beach 56.5% 28 4. Paradise Point 45.5% 265. Labrador 45% 27 Sunshine Coast Suburb Clearance rate (June qtr) Total auctions (June qtr)1. Maroochydore 75% 352. Noosaville 70% 32 3. Buderim 48.5% 61(Source: CoreLogic) Kylie Gosbell is taking her Camp Hill home to auction. Photographer: Liam Kidston.COASTAL property markets have taken off with new figures revealing a surge in auctions and sales numbers.Auction activity on the Gold Coast was booming, according to the latest CoreLogic RP Data Quarterly Auction Market Review, with more homes going under the hammer there than in any other non-capital city market in the country.At the same time the Sunshine Coast was revealed as the top region in Queensland for property sales with predictions it will lead to future price growth.The latest Hotspotting Price Predictor report found the Sunshine Coast had more suburbs than any other region in the state where sales numbers were rising steadily. Hotspotting founder, Terry Ryder said when sales numbers started to climb price growth generally followed.“It (the Sunshine Coast region) is the number one market in Queensland, by a considerable margin,’’ he said.“It has opened up a big gap on all other markets in regional Queensland, including theGold Coast, and also outranks the leading markets in the Brisbane metropolitan area.’’Mr Ryder said the Sunshine Coast and Noosa now had 18 growth markets, and had been boosted for late by a recovery in the Noosa market, which had been a weak performer in the past decade. Noosa Heads, Noosaville, Sunrise Beach and Sunshine Beach all had rising sales activity. The CoreLogic report found the Gold Coast region had 770 auctions during the June quarter with a clearance rate of 44.7 per cent.Analyst Cameron Kusher said it was a very big market, but the good result could be attributed to a rise in popularity for coastal lifestyle properties.“And it’s (the Gold Coast has) got a higher concentration of premium housing,” Mr Kusher said.The clearance rate on the Sunshine Coast was 47.3 per cent based on 471 auctions.In Brisbane the auction clearance rate was 48.8 per cent over the June quarter down from 52.2 per cent during the March quarter.And if you have a home in Camp Hill, there’s a good chance you’ll sell it at auction given the suburb recorded the highest clearance rate in the state during the quarter. Inside the home at 60 Joseph St, Camp Hill, which is going to auction. Picture: realestate.com.auRay White agent George Trovas, who is marketing the property, wasn’t surprised Camp Hill had a high auction clearance rate given the suburb’s proximity to the CBD and access to good schools.“I can see how it’s becoming a first port of call for a lot of people,” Mr Trovas said.“You drive up any street in Camp Hill and it’s littered with real character homes, which over the years have been restored … and it’s really given the area an uplift.”
Weekly asking rent in Melbourne was at $508 for houses and $399 for units.“In this front, I agree with Dick Smith and other economists on proposed immigration cuts. The surge in population is the primary reason why the RBA’s warnings last year and earlier this year of an oversupply in Sydney and Melbourne have not materialised.“I suspect surging population growth is also the reason why APRA’s actions in 2015 to slow the investor market place in order to take the heat out of the Sydney and Melbourne market only worked temporarily.”The comments come as SQM Research found the national vacancy rate in July was 2.3 per cent with 75,733 homes vacant – down from 2.4 per cent in June.He warned that in Sydney (2 per cent vacancy rate) and Melbourne (1.7 per cent), the tight rental market was seeing many people spend 30 per cent or more of their income on rent.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 investor2 hours agoThere was also no relief in sight for Hobart which was “very tight” (0.5 per cent) and where market rents had “effectively risen by over 10 per cent in the last 12 months”.“Unfortunately, few developers will build in Hobart due to the high transportation costs of moving materials across from the mainland plus the historical risks attached to the local economy.”WEEKLY ASKING RENT: Brisbane: House $445; Unit $368 Hobart: House $369; Unit $327 Adelaide: House $375; Unit $292 Perth: House $423; Unit $328 Melbourne: House $508; Unit $399 Canberra: House $560; Unit $419 Darwin: House $529; Unit $409 Sydney: House $729; Unit $520 National: House $425; Unit $349 (Source: SQM Research) The national vacancy rate in July was 2.3 per cent with 75,733 homes vacant, says SQM Research. Picture: AAP Image/Dave HuntEXPERTS are warning that Australia needs to cut immigration levels to shortcircuit surges in housing prices and significant interest rate rises.The latest SQM Research note warned that population surges linked to immigration were to blame for the heat not going out of certain capital city markets.SQM head Louis Christopher said even the RBA and APRA were unable to be effective in the face of that. “If we do not address this issue in the manner required, it is unlikely housing affordability is going to materially improve from this point. Indeed, affordability could further deteriorate in the form of higher rents and higher house prices with the only other remedy being aggressive interest rates rise from the RBA,” he said in the latest SQM research note.SQM data had found that asking rents had grown “well above the inflation rate” in Melbourne with houses up 4.6 per cent and units up 5 per cent in the year to August 12.“Excessive population growth is driving rents higher in that city, as well as house prices,” his latest research note said.
Kylie Burger and her husband are selling their home at 68 Victoria Street, Balmoral which is architecturally designed to help cater for their son’s special needs.There are challenges with any architectural brief, but when it comes to designing homes for disabled or elderly residents, a clever approach can bring stunning results.Twohill and James Architects’ director, Emma James, said more and more owners were factoring in special needs and the ageing population as part of new house construction.“There’s this whole idea of intergenerational living and inherent flexibility in houses these days,” she said.Ms James said, in many cases, solutions enhanced the value of a house. She said, for example, rooms that were visually connected were important if a family member needed constant supervision. “You might also make corridors wider to facilitate the movements of wheelchairs,” she said.“You might want to have flush thresholds to the outdoor spaces which is actually nice design anyway, blurring the lines between indoor and outside.”Ms James said when done right, homes that appeal to ageing or disabled residents will appeal to a wider range of buyers too.“If they’re (owners) actually considering these things, surely there’s enough other people considering them as well.”Kylie Burger and her husband, Ruan, are selling their home at 68 Victoria Street, Balmoral. The kitchen’s sliding safety screen and metal curtains add to the homes high-end architectural feel.Rather than window blinds with hanging cords, Mrs Burger chose window film to filter light with printed art and quotes adding to the bespoke feel.“It’s a beautiful soft feeling like an old time movie screen,” she said. 68 Victoria Street, Balmoral is beautiful from the outside and striking from the inside.Their home’s stunning ‘industrial glam’ design conveys high-end with the sort of eye-catching details buyers love.What many haven’t realised is some of the home’s bespoke elements cater to the needs of the couple’s seven-year-old son, Kyan, whose genetic condition presents physical and mental challenges.Mrs Burger said considerations such as main living on one level and compartmentalised but visually connected safe spaces are part of the home’s general appeal.“Instead of a traditional garage, we wanted a carport because we wanted to use that as a kind of outdoor play area,” Mrs Burger said. “It’s not a good day if you’re stuck inside and there’s nothing for Kyan to do.” More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour agoIn addition, there are beautiful elements that make the home more robust. “The door handles we imported from France — they’re a fine cut of handle but they’re in steel.”One standout feature is the sliding kitchen safety screen. Mrs Burger said they wanted something that was aesthetically pleasing and childproof.“It’s made out of perforated metal and, with the old exposed tracks at the top, it’s very industrial.“It gives you that safety from boiling water, sharp objects and glasses.”Another item was durable mesh metal curtains which stand up to punishment.“They’re aluminium and made in Spain — they give a beautiful filtered light effect.” Windows have printed films to filter light and add to the bespoke feel.It has created a home that works for their family, but is also a great place for visitors to discover. “You need more than one visit to take everything in,” Mrs Burger said. “I like the fact you have to slowly peel the layers away.” The five-bedroom home is listed through Darcy Lord of Place.It will be auctioned on September 2 at 2pm. Mr Lord said significant time and energy had been put into creating the home.Follow Kieran Clair on Twitter at @kieranclair or Facebook at Kieran Clair — journo Mrs Burger said the homes multiple layers of interest mean there’s always something new for visitors to discover.
Chris and Lou Williams loved renovating their Ashgrove property so much, they’ve decided to do another. Photo: Annette DewFriends told 31-year-old Chris Williams and his wife, Lou, 30, they were crazy, but the couple have loved renovating.“Everyone hates it, and we didn’t,” Mr Williams said.“People usually shake their heads and say, ‘Why are you doing it to yourselves?’”The pair spent 15 months and about $1 million creating their future family home at 54 Moulton St, Ashgrove, before deciding it was too hard to stop at just one venture. The home is a comfortable mix of contemporary and colonial.“It was never on the cards during the process that we’d sell it, it was just at the end of it we said, ‘Well that was really fun, we kind of want to do it again!’”Because they intended to settle in the house, Mr Williams said they didn’t skimp on the work which resulted in a stunning five-bedroom, three-bathroom design masterpiece.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour ago The outdoor entertaining space is inviting … and very hip.When asked about their favourite spaces, Chris said they love the central living areas, but have different spots for downtime.“My place is the media room downstairs where I can relax, have a beer and watch sport while Lou’s space is upstairs. She got a bedroom that she’s set up as a sewing room so she’s particularly drawn to that room.” No expense was spared in creating a beautiful family home.A look through the home reveals a tip of the hat to the original cottage, combined with contemporary finishes such as polished concrete, architectural timber walls and ceilings, a dark-and-light colour palette, video security system and ducted airconditioning. There’s high-end architectural features throughout.Mr Williams said, however, the greatest thing about the home was its livability.“It just flows,” he said.The renovation is sure to be a hit with viewers too when it appears on the new lifestyle show, “Ready, Set, Reno” on September 10, on 9 Life.54 Moulton St, Ashgrove, will be auctioned today at noon by Josh Brown of Ray White New Farm.Follow Kieran Clair on Twitter at @kieranclair or Facebook on Kieran Clair — journo
385 Jesmond Rd, Fig Tree Pocket Picture: realestate.com.auThe home has eight bedrooms and four bathrooms, and the owners are prepared to sell off the house separately from the main property. This includes a pool, tennis court and stables.Known as Cubberla Homestead, the complete 3.21ha holding is on a tributary of the Brisbane River and has a development approval for subdivision.The property, about 8km from the CBD, is set up for horses, has a sand dressage arena and four stables, plus day yards, a wash bay, tack rooms and feed/float shed.A 179 Upper Brookfield Rd, Brookfield, a property known as Woodlands is listed through Josephine Johnston-Rowell, of Johnston Dixon real estate.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by 7 Castlereagh Place, AnsteadThe property has a family home and a granny flat. It is opposite Hawkesbury Road Park and it backs onto a vacant urban land reserve which the current owners run horses on. There is a double cavity brick home at the front of the block which leaves a large fully fenced 7500 sqm horse paddock including sheds and stables.A main shed is suitable for tack and has 3 phase power plus mezzanine/attic floor for storage. 179 Upper Brookfield Rd, Brookfield. Picture: realetsate.com.auThe family homestead is on 2.15ha of land bounded by a brook. There are extensive equestrian facilities including stables and multiple large sheds.The property has a floodlit tennis court, a pool and entertainment area and a golf range.Inside, the kitchen is fitted out with timber and leadlight cabinetry and has black granite benchtops.The main bedroom has an adjoining study or nursery area and the remaining bedrooms are in a children’s wing.At 7 Castlereagh Place, Anstead, Mark Shorrock of RE/MAX Profile Real Estate, has a 10,000sq m property listed. 385 Jesmond Rd, Fig Tree Pocket Picture: realestate.com.auIn a week when it’s all about horses and horse racing, we check out some amazing properties for horse lovers.None of them are particularly far from Brisbane, offering equestrian facilities within driving distance of the city.At 385 Jesmond Rd, Fig Tree Pocket, a semi-rural holding is listed through Jez McNamara and Andrew Goodall of Ray White Rural.
Family moving into new houseIN LAST week’s column, “Ensuring buyers gain a clean slate”, I talked about sellers leaving the home in a clean and tidy condition and how buyers and sellers could avoid any disputes with a few simple steps. This week, it is timely to talk about where the legal responsibilities lie if furniture is left behind by the seller after settlement. We recently had a situation where a seller left two cupboards at a house after they moved out and prior to settlement. One was in the garage and one was in a bedroom. The seller thought they might leave them there for the buyer and claimed it was a gesture of goodwill. Maybe it was, maybe it wasn’t. 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 pre-settlement inspection the buyer discovered the cupboards and refused to settle until they were removed. We contacted the seller who promptly had the cupboards removed and the settlement proceeded.Although in cases such as this we recommend that you should always first confer with and obtain advice from a qualified legal practitioner, the relevant provisions in Clause 5.6 of the REIQ Contract for Houses and Residential Land (Contract) provides that a seller must remove “reserved items” from the property before settlement, and that any “reserved items” not removed before settlement will be considered abandoned and may be disposed of by the buyer in any way. Reserved items may include any chattels not being sold or fixtures not included in the sale of the property. If the buyer is required to remove any reserved items, they may be entitled to claim the costs of removing such items from the seller, and the cost to repair any damage done to the property as a result of removing those items (if any).You should always consult a solicitor when transacting property as they will make you aware of rights such as this making for a smooth and rewarding process to all parties.An accredited REIQ agent will always recommend using a qualified legal practitioner and can even provide a list of those who practise in the city if you do not have a preferred one.