‘200 jobs’: global firm secures its new Australian HQ in city’s emerging high-tech heart

A global software company will establish its Australian headquarters in Maroochydore in a huge vote of confidence in the region’s emerging high-tech heart.

Canadian-based Maropost automates marketing channels, including email, SMS, social media and web, for more than 7000 retailers and merchants world-wide.

On January 1, the firm acquired long-standing Sunshine Coast tech company, Retail Express, for $55 million, giving it a strong connection to the area.

Maropost has secured the remaining commercial space across two levels (1,500 m2) of Evans Long’s A1 building, due to be completed in August.

It will be the only building to open in the new CBD this year, with the exception of Council’s City Hall.

Aaron Blackman, the founder of Retail Express, is now Managing Director of Maropost Australia.

Mr Blackman said he was thrilled to establish the growing firm’s new Australian headquarters at Maroochydore.

“Maropost will be the largest global tech company based on the Sunshine Coast and we plan to attract and employ more than 200 staff at our new headquarters in areas covering engineering, sales, marketing, support and senior management,” he said.

“We are really excited to soon be fitting out a world-class office space across two floors. It’s an exciting precinct with the added bonus of access to the international sub-sea data cable.

“We are also looking forward to engaging with the local community, including business and Council, as we work towards our vision to become the global leader in Retail, eCommerce and Marketing Automation software.

“I am certain that our new office will play a vital role in attracting and retaining local staff.”

Evans Long Development Manager, Sujay Singh, said the Maropost deal was the largest involving commercial space on the Sunshine Coast this year.

“We are thrilled to have leased such a large space of the building to a business which began on the Sunshine Coast and now has offices in Brisbane, Stockholm, Toronto and India,” Mr Singh said.

Ryan Parry, of CBRE Sunshine Coast, negotiated the Maropost deal and said his client had been looking for a central Sunshine Coast location to house a significant number of staff for their Australian headquarters.

“This is the last sizeable, A Grade commercial office space available in Maroochydore and across the region the office vacancy rate is sitting at around 2-3%,” Mr Parry said.

“This is Maropost’s first office location outside a CBD, so it’s a real feather in the cap for A1 as well as the Sunshine Coast.”

Maropost joins local professional services firms Sunshine Coast Property Accountants, Sherrin Partners and Yield Advisory who also have committed to the building.

Maropost has committed to a 5 plus 5-year lease and while the rental rate was not disclosed it is understood to be at the asking rate of $425/sqm for 1,500sqm, excluding outgoings.

The $18.5 million A1 commercial and retail development is located on a prime 1,173m2 site at the gateway to the new CBD on First Avenue Maroochydore.

It is a five level architecturally designed building by Cottee Parker, which is delivering a contemporary building that will embrace its gateway location and take advantage of the local environment and climate.

Evans Long is committed to achieving a 5-star NABERS energy rating for A1, which provides significant long-term environmental benefits and cost efficiencies for the building’s owner and tenants.

The building follows the company’s first CBD development Foundation Place, which is now 100% tenanted and was purchased by listed fund manager and investor Primewest late last year.

 

 

Article source: www.sunshinecoastnews.com.au

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PRICED TO SELL IN PELICAN WATERS

On the doorstep of the emerging marina precinct with its waterfront cafes and restaurants, this quality four bedroom residence is priced to sell in Pelican Waters.

Occupying a generous 691sqm corner block, 2 Botany Drive was built by award winning builder Terry Beavis in 2003 and has been lovingly cared for since.

Features abound with this home from the large walk-in robe in the master bedroom to the built-in mirrored wardrobes in the other three bedrooms.

There are ceiling fans throughout including the covered outdoor area, ducted cooling, a built-in vacuum system and external security lights.

The home features a large well-equipped kitchen with skylight and a fully enclosed outdoor area with low maintenance tiled floor, insect screens and retractable shade cloth covers.

Relax under the rotunda in the large five-person heated spa.

Other highlights include full garden irrigation system, rainwater capture and storage tank, solar panels, and full insulation including in the large garage which boasts sealed floor, full length built-in wardrobes and hot-air extractor.

A full height brick wall surrounds the home, and there is a covered carport area for the boat or van.

 

 

Article source: mysunshinecoast.com.au

 

 

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Clive Palmer lists two mansions for sale on the Gold Coast

Billionaire Clive Palmer is selling two of his luxurious waterfront mansions just days after his political party failed to gain a Senate seat in the federal election.

The properties are part of the Palmer family’s housing portfolio on the Gold Coast and are in the name of his son, Michael.

Both are at Sovereign Islands and were listed less than one week ago by experienced agent Chris Moyer from Professionals Vertullo Real Estate.

Sale history data online shows the King Arthurs Court home sold for $1.4m in April 2009.

It boasts five bedrooms, separate formal and informal living areas, separate media room, a large gourmet kitchen, a boat shed and an infinity pool on a huge 845sq m block.

“With its prestigious address, ever-present connection to water and huge potential, there’s so much to love about this warm and welcoming home,”

Mr Moyer wrote in the ad.

The properties are part of the Palmer family’s housing portfolio on the Gold Coast. Picture: RealEstate.com.au

“Enjoying long water vistas across the wet edge pool and anchored just off the Broadwater, the well-conceived floorplan provides the opportunity to modernise this property to the standard of surrounding homes.

“Space is plentiful with multiple living zones, including an open plan lounge and dining area that offers easy access to the alfresco entertaining terrace.

“Boaties will also appreciate the protected pontoon, the large waterside boat shed and the quick bridge free access.”

The second home on King Charles Drive was last sold in January 2012 for $1.3m.

It is a slightly smaller 700sq m block but equally impressive, with four spacious bedrooms, two living areas, a waterside pool and floating pontoon.

“This classic contemporary residence combines a dress circle location with timeless design to offer the waterfront lifestyle you’ve been dreaming of,” Mr Moyer wrote.

“The well-conceived floor plan is expansive yet practical, with both intimate and large scale spaces coming together to create a relaxed and private environment.

“Boasting multiple living and entertainment areas, a large alfresco terrace, gourmet kitchen, four bedrooms, canal-side pool and a sheltered water frontage, this is truly a great family home.”

 

 

Article source: www.theaustralian.com.au

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Interstate buyers still keen at Gold Coast’s high end as Aspire Surfers Paradise attracts Sydney and Melbourne interest

Interstate dwellers seeking a safe haven on the Gold Coast was one of the biggest property trends of 2020 and 2021 since the onset of COVID.

Many have reported locals are now the ones driving the continued success in the Gold Coast market, but the latest luxury tower to hit Surfers Paradise, Aspire, is still seeing plenty of interstate interest.

Kollosche New Projects agent Andrew Ramsey says the interstate market is favourable for this type of project.

“There’s still plenty of interest from both Sydney and Melbourne for this high-end stock, which is still undersupplied in the local market,” Ramsey says.

“Everything with a crane on the Gold Coast has virtually sold out, so there’s not a lot of opportunity at the top end of the market.”

Aspire, which is being developed by the Sydney-based developer on the sought-after Garfield Terrace beachfront, will comprise just 37 apartments over 24 levels.

Each of the half-floor apartments have between 207 sqm and 217 sqm of space, with the six full-floor apartment offering a huge 414 sqm of space.

The tower will be crowned with a two-level penthouse spanning 716 sqm of internal space.

Designed by Mosca Pserras Architects, each apartment has been crafted with sophisticated comfort and luxury in mind, featuring high-end fit outs from European Oak floors to Gaggeneau appliances.

Residents of Aspire will have private access to exclusive amenity, including a luxury infinity pool, a gym with yoga room, steam room, and infra-red sauna. There will be a barbecue space, a bar and residents’ lounge, a modern office space with conference room, and even a surfboard store.

The materials of Aspire have been carefully selected to promote a natural colour palette that reflects the colours of golden sands, giving a sense of warmth that balances the cool ocean backdrop.

Ramsey says there’s still been plenty of locals, predominantly downsizers who are wanting to move in to a space with extensive square metreage and a prime location.

Kollosche recently opened the Aspire display suite, complete with a full kitchen and bathroom, at 4 Charles Avenue, Broadbeach, on the ground floor of Oracle. There are 3D tours available of the three and four-bedroom apartments, the amenities, and the exterior of the building.

Demolition has begun at 9 Garfield Terrace, with the development approved project expected to take builder Descon Group Australia under two years to build.

Article source: www.urban.com.au

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Ipswich CBD: Hotspot for Development

As the fastest growing region in Queensland with a youthful population and a median age of only 32, Ipswich is actively preparing to welcome another 330,000 residents by 2041.

Located in the historic Ipswich CBD and designed by renowned Australian design firms Buchan Group and Vee Design, the fabulous new Nicholas Street Precinct invites visitors and locals to stay awhile and explore the best in Ipswich dining, retail and diverse experiences.

Nicholas Street is about celebrating Ipswich’s invaluable past with a modern twist. With heritage sites and landmarks right around the corner, the precinct is the gateway between the old and the new; forging a path that honours how Ipswich began, and where it is headed.

The precinct is a culmination of history, opportunity, arts, entertainment, leisure and culture: centuries old character upgraded with a mix of contemporary offerings and amenities.

Originally intended to be the capital of Queensland in the 1800s, the City of Ipswich has a much publicised and colourful past, with the Nicholas Street Precinct project cast as the biggest redevelopment of the Ipswich CBD since the 1980s—and one residents and local businesses would agree was long overdue.

The Ipswich CBD was once a thriving city centre before suffering from a trend towards suburban shopping centres and a failure of a previous council to invest in the precinct.

This slow decay due to neglect and a lack of investment came at a significant cost to ratepayers, business owners and CBD property holders.

In 2020 the newly elected Ipswich City Council was left with three options: let the CBD to fall into further ruin, sell the CBD and lose control of its future or bring the CBD back to life.

The latter was chosen with the council then taking on the derelict mall with a vision to deliver a revitalised, inclusive space for the community to enjoy and be proud of.

▲ Nicholas Street Precinct hosts a diverse range of events, cementing its role as the city centre.

The vision was to establish the city centre as a highly sought-after retail leisure destination putting Ipswich squarely on the map with the council seizing the opportunity to act as a catalyst by relocating land, offices, and cultural and civic services to the city centre and delivering a new council administration building, libraries, civic plaza and more than 14,500sq m of landscaped public realm.

Heritage considerations were paramount through the redevelopment, with a key cultural link to Ipswich’s past being the city’s much-loved Commonwealth Hotel built in 1910 and proudly anchoring the redevelopment project.

The heritage façade of the grand hotel was meticulously restored and rebuilt by engineers and the hotel will continue to be revitalised after Aushotels signed on as the new operator of the pub.

With the vision now taking shape, more than 800 council employees have joined the already growing 16,000 strong CBD workforce and now call 1 Nicholas Street their primary place of work in an open plan office space with high spec tech and green thinking at its core.

At the entrance to 1 Nicholas Street is Tulmur Place, which in the Yagara Language of the three local First Nations groups is the word for the area that is called Ipswich, and is a fitting tribute to the civic square and community gathering place.

Now a digitally connected civic square, Tulmur Place is also home to two libraries including Australia’s only standalone dedicated children’s library, zero-depth water play area, performance stage, approximately 1000 car parking spaces and an active calendar of markets, events and live music.

The Nicholas Precinct was recently awarded the 2021 UDIA Qld Award for Excellence in Social and Community Infrastructure for Tulmur Place and the Ipswich Central Library.

With connectivity at its core, the precinct is 40 minutes from Brisbane, 60 minutes from the Gold Coast and centrally positioned next to the city’s major train and bus networks.

Offering more than 20,000sqm of retail, restaurant and leisure space, and national brand names already signed on, the Nicholas Street Precinct is realising its vision to become Ipswich’s leading entertainment and cultural destination.

 

Article source: www.theurbandeveloper.com

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Australia’s Top 20 Family Suburbs

The housing market is predicted to slow significantly in the year ahead as interest rates start rising sharply later in 2022, but there are plenty of opportunities for families looking for larger properties to cash in on the next wave of growth, industry experts say.

Buyer demand has fallen sharply since the peak earlier in the year, as affordability worsened, making the market less competitive for investors.

At the same time, listings have surged across the country’s biggest housing markets, offering more options for buyers, and in particular families—looking to upsize while having greater access to lifestyle attributes and amenities, looking to negotiate a good deal.

According to research from Well Money, family-friendly suburbs have surged in popularity throughout the pandemic with amenity-rich suburbs in Queensland topping buyers’ wish lists.

Well Money chief executive Scott Spencer said buying conditions were now easing off the back of rising rates, further macro prudential intervention, affordability constraints, a pick-up in new housing supply and an increase in property listings.

“During the past three months, inventory levels have increased in all the suburbs in our top 20, which means there’s more stock on market,” Spencer said.

“Buyers have more options and downward pressure is being placed on prices, which should translate into discounts sooner or later.

“While it’s nice for people’s homes to increase in value, we don’t want working families to be priced out of the market.”

Top ranking family housing markets

Rank	State	Suburb	Median house price	Increase in inventory (3 months)
1	Qld	Barellan Point	$807,000	+3.3 months
2	SA	Willunga	$607,500	+3.3 months
3	Qld	Mons	$1,100,000	+3.3 months
4	WA	Boya	$620,000	+3.0 months
5	Qld	Nudgee	$855,000	+2.8 months
6	Vic	Gisborne	$1,050,000	+2.7 months
7	Vic	Junotoun	$750,000	+2.6 months
8	Vic	Silvan	$1,395,000	+2.5 months
9	Qld	Camp Mountain	$1,300,000	+2.5 months
10	Qld	Newport	$1,350,000	+2.4 months
11	Vic	Selby	$1,000,000	+2.3 months
12	WA	Warwick	$630,000	+2.3 months
13	SA	West Lakes Shore	$842,000	+2.4 months
14	WA	Edgewater	$630,000	+1.9 months
15	NSW	Bolwarra Heights	$940,000	+1.9 months
16	Vic	Torquay	$1,330,000	+1.9 months
17	ACT	Curtin	$1,421,000	+1.8 months
18	Qld	Black Mountain	$950,000	+1.8 months
19	NSW	Saratoga	$1,300,000	+1.7 months
20	Vic	Viewbank	$1,270,000	+1.7 months

^Source: Well Money

 

More than half of the most family-friendly suburbs were in Queensland and Victoria.

Barellan Point, west of Brisbane in the City of Ipswich, topped the list with its inventory level increasing by 3.3 months—meaning that it would take that amount of time for all of the houses in the suburb to be absorbed assuming no other listings were added to the market.

Silvan, 40km east of Melbourne, alongside Curtin in south-west Canberra, were the most expensive suburbs to make the list with a median price of $1.39 million and $1.42 million respectively.

“All the suburbs in the top rankings are family-friendly, which means they contain a lot of families, they contain a lot of owner-occupiers, they’re relatively close to capital city CBDs and they’re above-average in terms of educational and occupational status,” Spencer said.

To gauge family-friendly housing markets, the report takes into account a number of factors and then ranks them based on change in inventory levels over the previous three months.

Family suburbs—having a median house price between $200,000 and $1.5 million, and a higher proportion of freestanding houses as well as a higher percentage of owner occupiers, with at least 2.5 people her household—have been in high demand in recent years as the pandemic pushed many buyers to “rightsize” as the market heated up.

Family suburbs are also those with a low crime rate, below-average unemployment and amenities, such as shopping, health facilities and schools, within a 5km radius while holding a socio-economic index for areas education score of at least six.

Having a score of at least six puts the suburb in the top half of the country for “educational and occupational status“, according to the Australian Bureau of Statistics.

After this criteria was met, suburbs were ranked based on historical NAPLAN results for schools in the wider area.

▲ A family home in Mons, Queensland, where inventory levels have increased by 3.3 months.

“Families want to live in suburbs that have lots of other families to socialise with, a high share of owner-occupiers to provide stability, and good schools to educate their children,” Spencer said.

“They also want to buy into suburbs that are likely to enjoy reasonable capital growth over the long-term, even if it’s not necessarily market-beating growth.”

Prices in popular school zones in every capital have typically outpaced median price growth through double-digit growth over one and three years.

Properties in popular school zones in Sydney and Brisbane posted some of the biggest gains in the past year, boosted by demand from expat families returning to Australia and others moving interstate to areas less affected by the pandemic and lockdowns.

Spencer said the popularity of regional locations throughout the pandemic had also been reflected in many aspects of the popular family suburbs.

According to Corelogic, detached house values increased 24.6 per cent in the past year, outperforming the 14.2 per cent uplift in national unit values.

Similarly, the 25.2 per cent increase in regional dwelling values surpassed the performance of the combined capital cities 21.3 per cent as more buyers went in search of tree and sea change.

“This may in part be attributable to how Covid-19 continued to shape demand trends, with coastal or leafy settings being more desirable as some workers were empowered to work remotely,” Corelogic head of research Eliza Owen said.

“The constraints of slightly tighter credit conditions, the erosion of housing affordability and a higher level of listings being added to the market are expected to see softer growth rates across property values in 2022.

“These forces are an accumulation of headwinds for property market performance.”

“Softer growth rates are likely to coincide with fewer purchases, where sales and listings activity eventually move with momentum in price.”

 

 

Article source: www.theurbandeveloper.com

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This type of buyer is a fueling a bigger house boom in Queensland

Queenlanders building new homes are leading a bigger house boom.

With Brisbane’s house price rocketing $553 a day over the past year, and the city now Australia’s fastest-growing property market, an increasing number of so-called “upsize” buyers are building a second storey rather than financing the purchase of a larger block of land.

Burbank, which constructs houses in masterplanned communities, in emerging greenfield belts, has banked a 78 percent increase in the number of deposits for double-storey homes in the past 12 months.

The spike in double-storey building, from such a large-scale construction company, has been driven by the rising cost of land and the pandemic-induced desire for more space.

Ipswich and Logan home builders have been leading the move towards dual-level properties, according to Burbank’s figures.

Instead of buy larger blocks, at a runaway premium, a growing cohort of homeowners are instead building upwards on more economical and compact square metreage. House and land packages cost $25,000 more than six months ago, according to Burbank. But by comparison, Brisbane’s median house price grew almost $202,000 in 12 months (from March last year to this year).

A Burbank dual-level design that is booming in popularity in parts of Queensland. (Supplied)

Brisbane’s median house price lifted 32.1 per cent – more than any other state of territory – over a year, Domain’s latest House Price Report shows.

The median now sits at a tick over $831,000 – a new record and the steepest annual rate of growth in Brisbane in 18 years, Domain’s research team found.

Burbank’s Queensland state general manager Adriano Rosson said the shift toward double storey is unprecedented.

It’s not only a trend in metro-fringe postcodes. Knockdown-rebuild owners of smaller inner-city blocks – under 400 squares – are also running hot with enquiries for dual-level houses, he said.

The double-storey trend is led by upsizers, who are typically second or third-home buyers, Mr Rosson said.

“Given land affordability is becoming an increasing issue, people are moving further out from the centre of Brisbane, and it is via necessity but becoming a choice, that they can build up rather than out, because the land sizes do continue to get smaller,” he said.

“With people staying home, they want more livable spaces…multiple living areas, work spaces. They are connecting with outdoors area more because they are spending more time at home.

“It is really an upsizer – a second and third home buyer (choosing two-storeys).

“They are building to accommodate their changes needs, which is including those livable areas and those work spaces. It is being driven by life events, and COVID is an example.”

 

 

Article source: www.nine.com.au

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High on the hill, Low Set Duplex with Large Shed!

Amber Werchon Property presents to the market, 42 Paynter Park Drive Woombye, a fabulous Duplex opportunity in a prime pocket close to transport, schools and packed with features and benefits that you will love.

Built in 2021, this 1165sqm property is perched on the highest, completely flood free block in the street. This contemporary and very functional Duplex is built to the highest quality.

The dual key setup includes a three-bedroom, media room, and 2 bath home and a two-bedroom, 1 bath home, both with a double lock up garage. Both dwellings feature high-quality finishes including stone benchtops, quality appliances, high ceilings, air conditioning, ceiling fans, screens, solar electricity 6.2 kw for each home, and ample storage throughout.

The big bonus here, is the 10 x 8-meter shed that also sits on the property and can be allocated to one or both units. Has built-in power, storage, side carport and high clearance, ready for those caravans boats and all the toys you would want to store! YES, very rare in new estates to have such a luxury of lots of off-street parking and room for the extra toys.

This would be great for a downsizer or FIFO worker to live in one unit and rent out the other. Fabulous for a large family who needs the space and separation from their grown-up kids. The savy real estate Investor who is looking for a high rental return of around $1100 per week will be excited. Perfect set up for the family who wants to pool their funds and bring Mum and Dad and look after them, like they have done you for years! Honesly, there really is a solution for everyone here!

Location & lifestyle matter! The property is well located in a quiet cul-de-sac in a sought after estate in Woombye; only a few minutes to the local Woombye town & a mere 20 minutes to Maroochydore’s brand new CBD and beaches.

 

Article source: mysunshinecoast.com.au

 

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Building on the point: Maps reveal future of Straddie under land deal

A six-week consultation process will help determine where, and how, the Quandamooka People can redevelop land on Minjerribah, formerly known as North Stradbroke Island.

Redland City Council will conduct the consultation on behalf of the State Government, which ordered the city’s planning scheme be amended under a long-standing Labor commitment to support the traditional owners and transform the island following the closure of its sand mine.

Given the proposals have already sparked controversy, the council has emphasised it is acting on direction from the government, and will pass on any submissions for the government to consider before a final decision.

New maps have been released showing 25 lots, totalling almost 250 hectares of land, will be rezoned from primarily environment and conservation areas to become potential urban development sites.

“Council is progressing the amendment on the State Government’s behalf and recognises it will provide a number of important social, cultural, housing and economic opportunities for the Quandamooka People on Quandamooka Country,” the council said.

“The proposed future uses could include low-density residential, tourist accommodation, community facilities, emerging community, local and neighbourhood centres, low and medium impact industry, waterfront and marine industry, recreation and open space.”

Yalingbila Bibula, the whale centre planned for Mulumba (Point Lookout) on Minjerribah.

Changes have been proposed for Gumpi (Dunwich), Pulan Pulan (Amity), and Mulumba (Point Lookout), where Quandamooka plans for a whale centre have already attracted protects.

The whale centre remains under a cloud – work was halted almost as soon as it started – and could potentially be built somewhere else.

A spokesperson for the Quandamooka People could not be contacted on Friday.

Mulumba has been earmarked for low-impact industry and tourist accommodation and community facilities, while all areas have been identified as future low density residential sites.

Submissions on the proposed planning changes will close in mid-July.

Once planning changes are made, the council will still be required to consider and assess development applications on most parcels of land.

 

 

Article source: www.brisbanetimes.com.au

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Gold Coast Apartment Boom Eases After Record Year

The Gold Coast’s record run of apartment sales has cooled with numbers for the first three months of the year falling to pre-Covid levels.

A report compiled by property consultancy Urbis shows the Gold Coast recorded 377 new apartment sales in the March quarter, about 38 per cent down on the previous three months and about half that of the same time last year.

The result also falls short of last year’s low of 450 sales for the June quarter.

“Sales have certainly eased off their 2021 highs in the latest quarter but that’s not unexpected considering the high levels achieved last year,” said Urbis director Lynda Campbell.

“But remember last year was exceptional,” Campbell said, pointing to three record quarters.

She said the data continued to highlight ongoing shortages of new apartments, with just 411 units still for sale at the end of March. That’s the lowest number since Urbis began monitoring the new apartment market in 2014. And despite 11 new projects being launched during the quarter.

“Last year was very different,” she said. “There were a lot of owner-occupied apartments, large floor plans on expensive apartments and a lot of interest from interstate buyers. Queensland was seen as a bit of a haven from Covid.”

Based on the current quarterly sales rate, the Gold Coast has just 3.3 months of supply remaining.

“The key statistic this quarter is the drop in the number of apartments for sale to a record low, which shows the supply side is still failing to keep up with demand.”

Most of those 411 apartments unsold at the end of March are in just three areas of the Gold Coast Central precinct—Southport, Surfers Paradise, and Broadbeach.

Campbell said they would be looking closely at four big projects due to launch on the Gold Coast, which would indicate what the remainder of the year might look like.

▲ While the city’s apartment market has eased, observers remain bullish.

Iris Capital has been given approval for the $800-million Victoria and Albert apartment tower at Broadbeach. Meanwhile, Melbourne-based Gurner Group’s La Pelago mega-project will include four towers across 11,000sq m at Ferny Avenue, Surfers Paradise. The $1.75 billion project will house more than 900 residences and about 200 hotel suites up to 60 levels.

Another Melbourne-based developer, Central Equity, has reportedly begun early sales at Pacific One, a 359-apartment tower, also in Surfers Paradise. And SPG Land has been given approval in the same area for Paradiso Place with 792 apartments.

“These are likely to alleviate the supply problem, although they are very different projects,” Campbell said. “They are all large-scale and resort-style. We’ll be watching these sales closely as the market digests rising interest rates and any new initiatives at the federal level.”

She said construction costs and supply-chain issues meant it was possible not as many projects would make it out of the ground. And volatile weather in NSW and Queensland had put a dampener on construction activity over the first quarter.

“But at the same time there has been record low unemployment and record low supply levels.”

However, observers remain bullish. Prior to 2021, the Gold Coast market absorbed an average of 1,100 new apartments a year with a high of 1,600 in 2015 and a low of 800 in 2017. If the March-quarter sales of 377 are repeated throughout the year, 2022 could become the third biggest year for sales behind 2015.

“The dominant buyer profile for Gold Coast apartments remains owner-occupiers looking for larger apartments,” Campbell said. “While supply dropped, the price increased. Almost a third of the sales—about 31 per cent—were at price points above $1 million, which reflects the general increase in apartment values.”

 

 

Article source: www.theurbandeveloper.com

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Why Now Is High Time For Investors To Break Into The Market

The current conditions of rental markets in the Gold Coast, Brisbane, Sydney, and Melbourne could indicate that it is high time for property investors to act.

PRD Real Estate released its latest affordability report and found that rental markets in some of the biggest regions are starting to show favourable conditions to potential investors who want to beef up their portfolios.

Over the rest of the year, the Gold Coast is expected to have the most favourable conditions for investors.

Rental yields on the Gold Coast hit 4.6% in March, at the time when the median weekly house rents increased annually by 20.6% to $720. Rents on the Gold Coast went up at a higher rate than median sale prices, which grew by 16.8%.

Rental properties on the Gold Coast only took 17 days on average before becoming occupied again. This helped maintain the region’s vacancy rate at 0.4%, which is considerable compared to the other major rental markets.

“Gold Coast Metro’s vacancy rate is the lowest compared to Brisbane, Sydney, Melbourne, and Hobart; and showcases a historical low in the past 24 months — this should provide greater confidence to investors,” the report said.

“Now is the time for investors to act, to capitalise on a slower selling market and higher rental demand.”

Ripe conditions in Sydney, Melbourne

Would-be property investors in Sydney and Melbourne can also take advantage of the current market conditions.

Weekly house rents in Sydney grew by 25% to $750 per week in March. At the same time, the median selling price for a house only increased by 5.6%.

Vacancies in Sydney’s metro region were tight, with a rate of 1.6%, still below the benchmark of 3%.

A similar situation can be observed in Melbourne, where weekly house rents increased by 15.2% to $530 per week while the median sale price declined by 1%.

Melbourne’s vacancy rate was also below the 3% benchmark, hitting 1.9% in March.

The growth gap between rents and sale prices in these two cities are providing greater confidence to investors who are planning to enter the market.

Brisbane still at its prime

The situation is a little different in Brisbane, which, according to the PRD report, is at its peak market conditions.

On an annual basis, median house price in Brisbane went up by 28.2% to $950,000.

“An undersupply is evident in Brisbane Metro’s house market, as median price growth is alongside lower sale volumes,” the report said.

Meanwhile, weekly rents also went up at a considerably strong rate of 13.4%, reaching $550. This was supported by Brisbane’s low vacancy rate of 0.7%.

“Brisbane Metro’s vacancy rate continues to show a declining trend since April 2020, showcasing historical low trends in the past 24 months — combined with median rental price growth this creates a confident investment environment,” the report said.

Top suburbs for investors

The PRD report identified three suburbs in the housing markets of the Gold Coast, Brisbane, Sydney, and Melbourne which exhibit the right balance of investment potential, affordability, liveability and project development.

Region	Suburb	Median Price ($)	Rental Yield (%)
Gold Coast	Oxenford	750,000	4.6
	Carrara	850,000	4.5
	Mudgeeraba	930,000	4.5
Brisbane	Tingalpa	735,981	3.6
	Geebung	790,000	3.8
	Lota	892,500	3.5
Sydney	Miranda	1.64m	2.4
	Peakhurst	1.42m	3.0
	Riverwood	1.2m	3.0
Melbourne	Greensborough	1.0m	2.6
	Mulgrave	1.0m	2.5
	Briar Hill	1.1m	2.6

 

Article source: www.yourinvestmentpropertymag.com.au

 

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Property pearl: the rare sky home that will take your breath away

The rarest of Sunshine Coast sky homes – oozing with luxury and lifestyle – is expected to spark one of the most spirited auctions of the year.

In the highly sought-after Sea Pearl complex, the beachfront sub-penthouse at 1002/20 First Avenue, Mooloolaba, presents the ultimate in coastal living.

It is the first time in 12 years, this 254sqm apartment, boasting “some of the most spectacular views available on the Coast” has reached the market and agents don’t believe it will last long.

As well as three spacious bedrooms, two with ensuites, a main bathroom, media room and modern kitchen with butler’s pantry, the new owner will have access to a communal gym, heated lap pool, spa and sauna.

Next Property Group’s Richard Scrivener said the exclusive address mixed with “high stock” and rarely became available.

The apartment was originally bought off-the-plan for $2.8 million in 2010 and Mr Scrivener expected interest to be strong ahead of its auction, to be held onsite at noon on June 18.

“This is a truly unique property on Mooloolaba’s beachfront and is tightly held,” he said.

“There are very few properties that become available in Sea Pearl, which is regarded one of the best complexes on The Esplanade in Mooloolaba.

“We anticipate it to gather good momentum ahead of the auction. It’s one that’s not going to sit around for too long.”

Mr Scrivener said the last transaction in the complex was the penthouse, which sold for a cool $11 million in 2021.

Set across one level, the north facing luxury address offers spectacular 180-degree ocean views from Noosa to Point Cartwright.

The lavish master suite makes the most of the expansive views and the large ensuite includes marble floors, floor to ceiling tiles and a free-standing bathtub that is perfectly positioned with the view in mind.

The large open plan, modern kitchen incorporates stone bench tops, stainless steel appliances and a butler’s pantry, all ideal for entertaining.

The living and dining areas face the stunning Pacific Ocean and offer a luxurious space to appreciate the breathtaking views.

There is a good-sized home office and separate media room to kick back and enjoy a movie or watch some sport and the large wrap-around balcony is a comfortable space to sit and enjoy the busy, yet peaceful lifestyle that beach living has to offer.

Mr Scrivener said the apartment would suit buyers who wanted a permanent live-in or a weekend getaway.

“I imagine the buyer will be someone who is downsizing or looking for a weekender,” he said.

Sub-penthouse features include:

• First class location.
• Ample living spaces.
• Stunning ocean views.
• Step onto the Mooloolaba Esplanade and patrolled beach.
• Outstanding restaurants at your doorstep.
• Communal gym and media room.
• Huge lap pool and spa.
• Walk to Mooloolaba Surf Club.

 

Article source: www.sunshinecoastnews.com.au

 

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Construction Begins on First Homes – Riverina Estate, Gold Coast

The building has commenced on the first homes for Riverina Gold Coast Estate now construction on Stage One is complete, with titles being settled on all 26 house lots.

The first homes currently under construction at Riverina Gold Coast are forecast for completion in October and work has also begun on the Riverina Display Village designated for Stage One.

Riverina Gold Coast is a 180-lot masterplan estate being developed by leading residential lifestyle developer Pointcorp on a perfectly-positioned 17ha riverfront property at Carrara just 10 minutes from Gold Coast’s popular beaches.

Stage One of Riverina Gold Coast Estate, consisting of 26 lots sized from 280sqm to 500sqm, sold out quickly to purchasers eager to build their new dream home in a prime location within a masterplanned community that features exceptional resort amenities and direct access to the river.

To be developed over four stages, Riverina Gold Coast Estate offers a variety of house lots ranging in size up to 740sqm, with the estate’s average lot price being $600,000 and premium riverfront lots in Stage Four fetching upwards of $1 million.

All four stages of Riverina Gold Coast have now been released to the market, with only a small number of house blocks with river and lake frontage remaining.

Construction on the 66-lot Stage Two is underway and forecast for completion in August, and Stages Three and Four with a combined 88 lots are expected to be finished in early 2023.

Managing the sales of Riverina Gold Coast, Louka Vitale of ProjX Group, said construction on the estate was progressing well and the first buyers of land in Stage One were excited to see building already beginning on their new dream homes.

He said construction had also started on the Riverina Gold Coast Display Village that would further assist the sales team to showcase the “exceptional” masterplanned residential community and its prime location.

“The quality of the Riverina estate and its location have resulted in strong inquiry and sales since we launched the development, with all 92 house lots in the first two stages selling within months of being released to the market,” Mr Vitale said.

“That’s half the estate sold within a few months of launching the estate, which clearly demonstrates that Riverina presents a rare opportunity to build a brand new home in a prime location.

“The strong sales result can also be attributed to Riverina being one of the last masterplanned residential communities planned for the central Gold Coast area, and the fact there is limited land available for sale in central Gold Coast.

“Most of the lots in Stage One and Stage Two at Riverina sold to Gold Coast locals, with a handful of buyers coming from Brisbane and regional Queensland.

“Only a handful of the 88 lots across stages three and four are still on the market and we are urging locals to act quickly to avoid missing out. Considering the limited housing land available on the Gold Coast, these premium lots will not remain available for long.

“Now that building has begun on the estate’s first homes, we are starting to see Riverina take shape and soon it will be home to 180 new households that will be part of a vibrant new Gold Coast neighbourhood.”

Riverina Gold Coast Estate’s impressive masterplan features 430m of river frontage, a 2.8ha central lake, resort-style amenities and open green spaces at its prime location on the river at Carrara, close to beaches and all the essential community infrastructure.

An expansive range of luxury lifestyle facilities will be incorporated throughout Riverina, including a 26-berth marina on the river and a state-of-the-art private residents club overlooking the lake with a cinema, café, library and gymnasium, plus a 25m swimming pool and children’s playground.

Riverina Gold Coast enables land purchasers to build substantial, quality homes befitting of the prime coastal riverfront location and with building covenants in place, residents can enjoy peace of mind knowing the security of building controls will maintain the quality of homes.

Potential buyers are invited to visit the land sales display suite at the Riverina Gold Coast development site at 74 Riverview Road, Carrara, to speak with an agent and get an idea of what the estate will look like once the development is complete.

Riverina Gold Coast is conveniently located just 1km from the Pacific Motorway for quick access to the north or south, with Gold Coast Airport just a 30 minute drive, 13 minutes to Robina Town Centre and Brisbane City less than an hour away.

 

Article source: www.yourneighbourhood.com.au

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‘Listing of the year’: why this beachfront apartment complex is set to smash record

Prospective buyers from as far as Brazil, Britain and the US are eyeing an “incredibly unusual” beachfront opportunity on the Sunshine Coast.

Touted as the “listing of the year”, 58 Parkyn Parade offers the rarest of opportunities that could set yet another record for a region firmly in the property spotlight.

It’s an entire block of apartments under single ownership on the highly sought-after Mooloolaba Spit.

The brown brick complex on the beachside of Parkyn Parade is being sold in its entirety, with the 620sqm north-facing block and all three self-contained units.

The property will go under the hammer this weekend.

It last changed hands in 1984 for $60,000 when it was just a beach shack, and the new owners built the apartments a couple of years later.

Currently used as a holiday home for extended family, the complex could be renovated for investment, redeveloped into a beachside mansion, or become strata-titled apartments.

All three apartments in the 1986-built building boast large bedrooms, ensuites and open-plan living and dining.

Sliding doors open to balconies, which offer views of the pool, courtyard and beach reserve.

Grant Whisker, from Define Property Agents, said the nine-bed, six-bath property was an “incredibly unusual” market offering and was expected to break sales records within Mooloolaba and possibly even the Coast.

Mr Whisker said the listing was attracting global interest and he had fielded calls from Brazil, Britain and the United States.

He said three-bedroom, two bathroom strata-titled apartments in the area were selling for between $2 million and $3.5 million.

“This is a very iconic piece of real estate, and I’m coming from a place where I have sold 25 apartments on the Spit in the past five years,” said Mr Whisker.

“To get a whole building is such a rarity and this is the only time a building like this has been sold on the Spit.”

Mr Whisker said the property offered extensive opportunities for the new buyer.

“If you took the building away, what you’ve got is a 620sqm allotment on the edge of one of the best beach accesses in the country.

“We’ve had extensive international enquiries. Interstate enquiry, and the enquiry locally has been very strong, which shows a strong appreciation and true appreciation from local investors and developers.”

The current owners, a Brisbane-based family, purchased the Mooloolaba parcel of land on a whim in the 80s.

“They built the building… after having been coerced to the auction. It was 1984 and the agent who was focused on selling the old beach shack that stood there previously was a friend of my sellers,” Mr Whisker said.

“He said ‘Can you come to the Coast on Saturday? I’ve got an auction on and no registered bidders’.

“My client bought that old beach shack and then had to ring his wife and tell her.”

 

Article source: www.sunshinecoastnews.com.au

 

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Palm Beach Residential Tower Proposals Piling Up

Proposals have been pitched for two new medium-rise residential towers along a popular Gold Coast beachside strip and development hotspot as it continues its urban evolution.

The plans have been filed with Gold Coast City Council as it pushes ahead with planning for the fourth and final stage of the light rail network from Burleigh Heads to Coolangatta.

The controversial $2.7-billion extension has come under fire from residents who fear it will increase traffic chaos on the Gold Coast Highway through Palm Beach.

After the federal-election win by Labor, and an election campaign backflip by the Liberals over support for the project, the council has voted to approve a $7.5-million budget allocation for a business case study on the light rail extension.

Coincidentally, development applications have been lodged for the two new residential towers along the planned light rail route at Palm Beach.

A consortium led by Queensland developer Paul Spina is seeking to develop a nine-storey apartment project, replacing two walk-up unit blocks on a 1237sq m site at 1409-1411 Gold Coast Highway.

It would comprise 41 one, two and three-bedroom apartments—some with home office spaces—across eight levels above a ground-floor wellness-recreational area with hot and cold pools, steam room and day beds.

Other facilities in the plans include a private dining room and boardroom, plus secure parking with optional electric vehicle charging stations.

But according to the filed documents, the Cottee Parker-designed proposal does not comply with the specified performance outcome of the medium density residential zone code.

The site has a residential density overlay of one bed per 33sq m of net site area and the planned development with a total of 98 bedrooms has a proposed density of one bed per 12.52sq m.

However, a submitted planning assessment report deemed the proposal “appropriate in form, scale and intensity for its urban context”.

“Notwithstanding this non-compliance, the proposed development complies with the purpose of the medium density residential zone code, including the overall outcomes of the zone code,” it said.

“In all, the proposed development will provide a high-quality residential development product which meets the demand for housing in the Palm Beach area.”

Spina is the director of Townsville-based developer PDS, a firm with a portfolio of major projects in north Queensland, including several apartment projects, residential subdivisions, mixed-use developments and Townsville’s V8 Supercars circuit.

The Palm Beach proposal is his first development foray on the Gold Coast. Pending its approval, the project is scheduled to be launched to market in July.

CBRE’s Nicholas Clydsdale, who has been appointed to market the project, said the stock available in Palm Beach was failing to meet demand because it was only accessible to a small percentage of the population.

“This development has been designed to appeal to the local owner-occupier market with a diversity of residences,” he said.

Up the road at 1276-1280 Gold Coast Highway, a development application has been lodged for another nine-storey apartment project on a 1783sq m site at the corner of Fourteenth Avenue.

It has been filed under an entity linked to business partners Nedale Hamdan and Charlie Ayoub from Sydney-based developer Masscon.

▲ Render of the proposed medium-rise residential tower at 1276-1280 Gold Coast Highway at Palm Beach.

The BDA Architecture-designed proposal is for 58 one, two and three-bedroom apartments and ground-floor communal recreational area—with dining lounge, gym, pool, deck and barbecue area—set above onsite parking within two basement levels.

It will replace a single-storey commercial building occupied by a health centre.

“The architectural design accommodates the proposed apartments within a medium-rise tower form embracing south-east Queensland subtropical design influences through the arrangement of indoor and outdoor living spaces,” the filed documents said.

Similar to the other DA, a submitted planning assessment report concedes the proposed development is not compliant with the residential density performance outcome applying to the site. It is also seeking “minor” variations to setbacks and site cover.

The site’s residential density overlay allows for one bed per 50sq m and the lodged plans, with a total of 131 bedrooms, represent one bed per 13.6sq m.

But according to the report, the development “complies with the relevant overall outcomes of the medium density residential zone code”.

“In particular, the proposed built form sits comfortably within the urban fabric of the surrounded area and will not result in any perceivable impacts to infrastructure,” it said.

“The proposed development will ensure that efficient use of the site is achieved and that it contributes effectively to providing a mix of housing for a permanent residential population in a highly accessible location, where residents will benefit from access to a wide range of services and facilities, recreational opportunities and public transport.

“On this basis, it is reasonable to conclude that the proposed residential density of the development represents a positive response.”

Palm Beach has emerged as one of the Gold Coast’s development hotspots with a rising number of tower proposals, including S&S Projects’ plans for a 23-storey residential project—the beachside strip’s tallest modern tower—at the corner of Palm Beach Avenue and 1128-1132 Gold Coast Highway.

 

 

Article source: www.theurbandeveloper.com

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The Gold Coast mansion where Johnny Depp’s finger was severed is for sale

The luxury Gold Coast home where Johnny Depp and Amber Heard’s two dogs, Pistol and Boo, stayed under house arrest after they were illegally smuggled into the country is making headlines again during his $US 50 million defamation trial against Heard.

It’s been revealed that the 10-bedroom 10-bathroom Coomera estate – which is currently on the market – was also the site of a 2015 fight between Depp and Heard where she allegedly threw a vodka bottle at him, severing the tip of his finger.

“She threw the large bottle and it made contact [with my hand] and shattered everywhere,” Depp testified. “Then I looked down and realised that my tip of my finger had been severed.”

Heard has denied the claim.

David Kipper, a concierge doctor, testified that he was called to the residence and cleaned Depp’s wound before taking him to the emergency room. He also said that he asked staff to search the house for the missing fingertip.

House manager Ben King testified in court this week, explaining that he was the one who found the fingertip in the home, “directly below the bar,” where he noticed a paper towel with “lots of blood around it” on the floor.

“[They] were keen to get it to the hospital quickly to see if it could be reattached,” King testified.

He then detailed that the pair had left the house in a shambles with up to $50,000 in damage following their explosive fight.

During Depp’s testimony last week, he claims he was forced to hide from Heard in the sprawling home to escape her alleged tirades.

“The house they’d rented for me in Australia was quite a large place. I think I ended up locking myself in at least nine bedrooms, bathrooms that day as she was banging on the doors and streaming obscenities and wanting to have a physical altercation,” Depp said.

Depp and Heard rented the Queensland mansion from MotoGP world champion Mick Doohan in 2015, during Depp’s time filming Pirates of the Caribbean: Dead Men Tell No Tales.

The listing states that “Brad Pitt and Angelina Jolie have also been guests of the mega Mansion,” in 2013 while Jolie filmed Unbroken. Singer Pink and her motocross-racer husband Carey Hart have also reportedly stayed at the compound.

The private riverfront property known as ‘Diamond Head’ is dubbed ‘one of Australia’s most luxurious estates’.

Set on 18 hectares with never-to-be-built-out river, skyline and hinterland vistas, the property is anchored on 628 metres of prime Coomera and Pimpama River frontage and is one of the largest private allotments found on the Gold Coast.

Elite features include a tennis court, landing strip, marina and 400-square-metre concrete area used for cars, jet skis, boats and to land your helicopter. The space sits directly outside a large shed with four offices on its mezzanine level.

Being the home of a five time consecutive 500cc motorcycle World Champion, there’s also a custom go-kart track and dirt bikes.

Other features on the manicured park-like grounds include a 500-square-metre man cave with fully equipped bar, as well as a large al fresco area with 20-metre wet edge pool and entertaining pavilion with teppanyaki grill and bathroom.

Guests are well catered to with both a two-bed caretaker’s cottage and separate three-bed, two-bath guest house.

The main residence with timber and marble finishes houses five ensuite bedrooms, multiple entertaining areas, a gym, lift, wine cellar, home theatre and six-car garage.

There are al fresco areas and a sprawling deck with dining pavilion “set against the backdrop that shimmers with Surfers Paradise skyline, Broadwater and South Stradbroke views”.

The listing explains that Doohan’s overseas interests and business mean he is spending more time out of Australia and is his reason for selling Diamond Head.

The sprawling property also has a caretaker’s cottage and separate three-bed two-bath studio. (Domain)

 

 

Article source: www.nine.com.au

 

 

 

 

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$4 Million Jetty & Pontoon to Begin – The Spit, Gold Coast

The Queensland State Government has announced the start of construction of an approved jetty and pontoon facility, located at Marine Stadium at the northern end of The Spit, Main Beach on the Gold Coast.

Steven Miles, Deputy Premier and Minister for State Development outlined that people enjoying travelling around the top end of the Spit will soon be able to venture out further with a new jetty and pontoon facility. The new addition will provide on-water transport access to Doug Jennings Park, Moondarewa Spit and the Seaway Promenade.

The pontoon will allow for temporary berthing of recreational and commercial vessels, including emergency services. The facility will also host a ferry stop, initially operating only during events, and eventually providing a regular service.

“The Spit is surrounded by water on three sides, so it makes sense for it to be easier for people to access it by boat”.

“During consultation on The Spit Master Plan the community told us traffic congestion is a major concern and they wanted to see more transport options for accessing The Spit”.

“Being able to arrive by boat in the sheltered waters of Marine Stadium will create a new user experience for locals and visitors to enjoy in this much-loved part of the Gold Coast,” Mr Miles said.

Meaghan Scanlon, Member for Gaven confirmed the Queensland State Government was investing $4 million in the project to enhance accessibility on The Spit.

“Being able to arrive by boat will create a new user experience for locals and visitors to enjoy”.

“Once complete, passenger ferries and recreational and commercial vessels will be able to pull up at the facility and drop people off to enjoy a day out at The Spit. Importantly, emergency services will also be able to use the facilities.

“This is part of our Government’s ongoing commitment to the Spit and our investment in infrastructure that supports tourism on the Gold Coast.”

Nerissa Bartlett, Acting CEO of The Gold Coast Waterways Authority (GCWA) said recent community feedback through an online survey helped inform the priority projects for the coming years to make the vision for The Spit come to life”.

“The new initiative listed on the program is for investigations to extend the Accessible Oceanway between Philp Park and the Seaworld Drive Shared Pathway via the existing eastern pathway through the Federation Walk Coastal Reserve,” Ms Scanlon said.

Construction us due to begin in mid-2022 with a contract awarded by the Gold Coast Waterways Authority (GCWA) to local company, Alder Constructions.

GCWA CEO Chris Derksema said the Marine Stadium Jetty and Pontoon project, with a total investment of $4.04 M, will be the first stage of an over-water boardwalk connecting the shared path on Seaworld Drive with Doug Jennings Park.

“It is intended that the remaining section of the boardwalk will be constructed in the future,” Mr Derksema said.

Mr Derksema thanked the public for their input in defining the priorities for the Spit Master Plan.

“We will continue to work with the community to realise the potential the Marine Stadium as a multi-functional world-class destination,” he said.

The GCWA, in partnership with the Palaszczuk Government, will continue to deliver improvements to the area in line with The Spit Master Plan vision as a community asset for future generations.

Love The Spit community group representative and local business owner Kerri Jekyll said the new facility is likely to become a favourite for local families.

“The recent pathways around Moondarewa Spit and the Seaway Promenade have been so popular with the community. The prospect of having a ferry service in the absence of a bus route is a fantastic option and will help to alleviate traffic congestion.” Ms Jekyll said.

Alder Constructions General Manager Dean Cheffers said it was a privilege to be involved with yet another iconic local infrastructure project.

“Alder has a strong history of working with GCWA and it’s always an honour to be part of improvements that are set to shape the future of our home city,”. Mr Cheffers said.

 

 

Article source: www.yourneighbourhood.com.au

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Auction action: buyer sets apartment record in Seaview Mooloolaba, but it almost didn’t happen

A last-minute buyer who almost missed the auction has set a new record in a Mooloolaba complex, with a $1.05 million sale.

The 1980s unit at 27/143 Mooloolaba Esplanade was the highest price paid for a two-bedroom apartment in the Seaview building.

It last sold for $668,000 in 2018.

“ It was all about the size and great position, the front features wide ocean views and from the back you can see the Glass House Mountains,” said James King, of Ray White Mooloolaba.

The spacious apartment was built in the 80s and could be renovated.

The new price not only met the vendors’ expectations but was welcomed by one existing Seaview owner who purchased a three-bedroom unit for the same price six months previously.

“That’s great news,” he commented. “What’s mine worth now?”

But Mr King said the record almost didn’t happen as the successful Brisbane bidder was late.

“The auction was just about to launch and I saw this fellow walking down the hall waving at me,” said Mr King.

“He had the time mixed up and thought he might have missed it.”

As it turned out, he just made it and was quickly signed up as a registered bidder.

The auction attracted five registered bidders and 27 bids.

The Seaview apartment only has two bedrooms but smashed through one million dollars.

No views, no parking but still sets a record

A two-bedroom unit in central Maroochydore, but without views or allocated car space, has broken a record for its complex.

Megan Murray, of Ray White Maroochydore, said the renovated apartment at 19/110 Sixth Avenue sold under the hammer for $585,000 to a Brisbane family.

Ms Murray said while higher prices had been achieved in other areas of the complex, it was a record for level two.

“This was a record breaker for that level and without ocean views” she said.

The successful bidder already owns a unit in the complex.

Street records tumble on beach streets

Old and modern beach houses are smashing street records as lifestyle buyers fight hard for the rare chance to secure a property near the water.

A 1930s Queenslander-style home in Shelly Beach, just a stone’s throw from the sand, set a record for its street, with a stunning price of $2.925 million.

The restored home on a huge block at 5B Albert Street is in one of the best locations in Shelly Beach, with direct access to sea.

The vendors made a $1.61 million profit after paying $1.315 million for the property in 2016.

With two bedrooms and three bathrooms, the house on an elevated 1,831sqm allotment is just a 70m stroll to Shelly Beach.

It features an open-plan living area, stone kitchen benchtops and European appliances and large covered deck with views to the sea.

Andrew Garland of Ray White Caloundra said the Albert Street property attracted eight registered bidders and sold to a local buyer.

Another beach house at 8 Ernest Street, Kings Beach, sold for $2.5 million (it last changed hands for $970,000 just four years ago).

The “contemporary” property with three levels and “first-class fixtures and fittings throughout” has ocean views over Shelly Beach, the Moffat Beach headland and beyond.

Mr Garland said the Ernest Street property sold to a Brisbane family and will be used as a holiday home.

Mr King said the 30-minute auction flowed smoothly.

“It started at $750,000 and went up by 50,000s then $5,000s and finally $1,000s.”

The spacious apartment was built in the 1980s and could be renovated.

“ It was all about the size and great position, the front features wide ocean views and from the back you can see the Glasshouse Mountains,” Mr King said.

The auction attracted five registered bidders and 27 bids.

Auction results

• 402/180 ALEXANDRA PARADE, ALEXANDRA HEADLAND

UNDER NEGOTIATION

2 Bed, 2 Bath, 1 Car, Ray White

 

• 19/110 SIXTH AVENUE, MAROOCHYDORE

SOLD UNDER THE HAMMER $585,000

2 Bed, 2 Bath, 1 Bed, Ray White

• 205/79-83 FIRST AVENUE, MOOLOOLABA

SOLD POST AUCTION $770,000

2 Bed, 2 Bath, 1 Car, Ray White

 

• 7 SOMERVILLE CRESCENT, SIPPY DOWNS

PASSED IN, FOR SALE OFFERS OVER $1,400,000

5 Bed, 3 Bath, 3 Car, Ray White

 

• 27/143 MOOLOOLABA ESPLANADE, MOOLOOLABA

SOLD UNDER THE HAMMER $1,050,000

2 Bed, 2 Bath, 1 Car, Ray White

 

• 5B ALBERT STREET, SHELLY BEACH

SOLD UNDER THE HAMMER FOR $2,925,000

2 Bed, 3 Bath, 3 Car, Ray White

 

• 8 ERNEST STREET, KINGS BEACH

SOLD UNDER THE HAMMER FOR $2,500,000

4 Bed, 4 Bath, 4 Car, Ray White

 

• 8 MARISA COURT, MOFFAT BEACH

PASSED IN  –  UNDER CONTRACT

5 Bed, 3 Bath, 4 Car,  Ray White

 

• 25 KENNEDY PARADE, GOLDEN BEACH

PASSED IN, NOW LISTED AT OFFERS OVER $929,000

2 Bed, 1 Bath, 2 Car, Ray White

 

• 14 GRIGOR STREET, MOFFAT BEACH

SOLD UNDER THE HAMMER FOR $1.9M

3 Bed, 1 Bath, 2 Car, Ray White

 

• 7 FRENCH COURT, GOLDEN BEACH

SOLD UNDER THE HAMMER FOR $860,000

3 Bed, 2 Bath, 2 Car, Ray White

 

• 1/6 ESPLANADE, BULCOCK BEACH, CALOUNDRA

PASSED IN, NOW LISTED AT OFFERS OVER $1,800,000

3 Bed, 2 Bath, 3 Car, Ray White

 

• 62 RODERICK STREET, MOFFAT BEACH

SOLD UNDER THE HAMMER FOR $951,000

2 Bed, 1 Bath, 1 car, Ray White

 

 

Article source: www.sunshinecoastnews.com.au

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