Graya project in Brisbane’s southeast set to break property records

A one-year-old Graya project in Brisbane’s southeast is set to break property records as property sales boom in the area.

The five-bedroom, three-bathroom property at 16 Daly St, Camp Hill, on an 814sq m block, has undergone a massive facelift, with Graya responsible for the build and DAHA for the design.

The home is the first Graya residential home sale on the south side of the river.

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Front of 16 Daly St, Camp Hill after the renovation

The median house price in Camp Hill rose 2.7 per cent in the three months to June 30 to $1.5m, according to the latest PropTrack figures.

Owners Chris and Ellyce Franke, who are initially from Sydney, said when they did the project, they intended it to be one they moved on from.

“Throughout the build, Ellyce and I fell in love with the location and the design. We really lent in and enjoyed the process with Graya and DAHA and spent more time on it than we thought”, Mr and Mrs Franke said.

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Front of 16 Daly St, Camp Hill before the renovation

Mr Franke said the home’s character drew his family to the property as well as affordability and accessibility.

“In Sydney, this is something that we definitely couldn’t have done”, he said.

“There are a lot of really nice houses that get designed and built by reputable architects, but liveability isn’t always at the forefront. When we built the house, we had families in mind, being able to see the pool from every part of the house.”

“Camp Hill was always a suburb we kept our eye on, we were in Morningside for a while and loved Bulimba and Hawthorne, but we couldn’t see the value in the project. We thought the Coorparoo side of Camp Hill was close to great cafes and closer to the kid’s school.

“We think Camp Hill will catch up to Hawthorne and Bulimba, and a huge chunk of that pocket is affected by floods. I don’t think Camp Hill presents quite the same challenge.”

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Open plan kitchen and living area of 16 Daly St, Camp Hill after the renovation.

“We hope the new owners love the home as much as we do. The house has completely changed how we live our lives and brought us closer together.

“We’d love to do another project. I think we’ll look around Coorparoo. There’s plenty of value to be found there.”

Property agent Tony O’Doherty from Bell in Bulimba said the home was spectacular in design and functionality.

“It has been built by one of the most popular brands in Brisbane. We know that the eventual family that moves in will be pleased with their purchase.”

“The Camp Hill property market is relatively new to me. Most of my business has been predominantly in Bulimba, Balmoral and Hawthorne.

Mr O’Doherty said Camp Hill is already its own high-calibre suburb

“It is already a prestigious market. We sold a home on Martha St for $4.55m. It’s an affluent, beautiful place.

“I don’t believe the interest rates will impact this market. It’s the peak season for interstate migration, and we’ve seen local buyers upgrading and interstate and international buyers coming up.

“People tend to borrow less and have bigger deposits at this price point. I would rather have multiple houses like this than an extensive stock portfolio.

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Backyard of 16 Daly St, Camp Hill after the renovation

“Money is still very manageable at the moment. We do not see any significant changes. The market has stopped growing in the way it was growing previously.

“I think this is one of the last opportunities for people to enter the Brisbane property market at conservative levels.”

Prospective buyers are asked to submit their best offers by August 2nd at 3pm.

Article source: Queensland Property Investor