End of Retail Era as Myer Exits Brisbane CBD Centre

The retail property landscape of Australia’s CBDs is changing forever as the footprint of traditional department store chains continues to contract.

Certainly, a new shopping era is dawning.

And if there were any lingering doubts, they have been quelled by the imminent exit of department store giant Myer’s flagship Queensland store from its namesake Myer Centre in Brisbane’s Queen Street Mall.

“Myer has made the decision to depart the Myer Centre Brisbane at the end of its lease in July 2023,” the centre’s owners Vicinity and ISPT said in a statement on Thursday.

“The decision comes after months of negotiations and follows several store closures around the country as part of its consolidation strategy.” 

 In the end, it said, Myer had chosen not to exercise its option for lease renewal closing the door on its 35-year anchor tenancy.

Myer chief executive John King indicated a suitable deal could not be agreed upon during the renegotiation but flagged that the retailer was seeking to continue to have a presence in Brisbane’s city centre.

“Whilst we remain committed to the Brisbane market, we have been unable to negotiate a reasonable commercial outcome with the landlord and as such will continue to look for an alternative CBD location,” he said.

With the Myer Centre store spread across four levels—and about half of its lettable floor space—its exit will leave a sizeable hole and the big question now is who or what will fill the void.

Vicinity and ISPT are remaining tight-lipped on their plans.

All they are saying is that they are “investigating a number of options” for the centre, including “a downsized contemporary department store and plans without a department store which we can now progress with certainty”.

“We look forward to delivering a reimagined destination in the heart of Brisbane’s evolving CBD and anticipate sharing our plans shortly.”

Globally, the landlords of major retail assets have been moving away from traditional department stores as foot-traffic anchors in favour of creating cultural and entertainment hubs with experiential tenants to cater to changing consumer trends.

Nearby in the Brisbane CBD, a new major luxury shopping precinct is nearing completion at the $3.6-billion riverfront Queen’s Wharf integrated casino mega-project. Its three-storey, 6000sq m T Galleria Emporium was due to open last year but construction delays due to record rainfall pushed it back until later this year.

Among almost 40,000sq m of retail, food and entertainment space planned for the development, it is being delivered as part of a deal struck between global retail giant DFS—part of the Moet Hennessy Louis Vuitton Group—and Destination Brisbane Consortium, the joint-venture behind Queen’s Wharf.

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▲ All aboard! The Dragon rollercoaster in the Myer Centre, Brisbane, around the time it was opened, in 1988.

Brisbane’s six-level Myer Centre was built in 1988 and until 1991 it was the country’s largest CBD retail development. It has a gross lettable area of more than 63,000 sq m occupied by about 180 retail outlets.

Superannuation fund-backed ISPT paid $366 million in 2012 for a half stake in the asset at the George Street end of Queen Street Mall. It acquired an additional 25 per cent stake from Vicinity in 2016, taking its ownership share to 75 per cent.

Lord Mayor Adrian Schrinner said Myer’s decision to move out of the landmark retail property was “a sad day” for generations of Brisbane shoppers but a great opportunity for the city centre.

“With the Brisbane 2032 Olympic and Paralympic Games on the horizon, now is the perfect time for the centre’s owners to reimagine one of Queensland’s premier retail spaces,” he said.

“The Myer Centre once had live music on its lower levels as well as a fun park at the top and has always evolved and moved with the times.

“I think this is a fantastic opportunity for the centre to be reinvigorated into a vibrant, modern retail experience for residents and visitors and I look forward to working with the owners on their future plans.”

Article source: Queensland Property Investor

Flora Burleigh: Bringing house level expectations into townhouse development

When Tallow Property Group set out to create Flora Burleigh, their new boutique townhouse development in the heart of Burleigh Heads, they wanted to bring the same level of expectation a buyer would have if they were buying, or even building, a brand new house.

Tallow Property Group Director James Thompson said they brought in some of the most well-known local talent in custom house design to create Flora.

“We engaged Jayson Pate, who designs award-winning homes and duplexes on the Gold Coast, to essentially bring the same approach he has with a luxury house build into a boutique development of six townhouses,” Thompson said.

“We want our buyers to feel like they’re buying a high-end custom home, just at a fraction of the price.

Thompson, a born and bred Gold Coast local who was a former Director at Herron Todd White Property Valuer’s and now runs leading Gold Coast buyers agency – BUYR, has over two decades of industry knowledge and experience which he brings to Tallow Property Group.

Thompson had the Instagram famous Zephyr & Stone handle the project’s interior design.

“Zephyr and Stone have a distinct modern coastal style that perfectly matches the Burleigh Heads location and lifestyle. The selection of natural stone, oak timber flooring, brass tapware and timber cabinetry is timeless and creates a luxury yet understated aesthetic,” Thompson says.

Each of Flora Burleigh’s townhouses have three bedrooms, a multi-purpose room, two or three bathrooms, and a two-car garage. They start from $1,795,000 and offer 220 sqm of gross floor area.

Listening to buyer feedback, Tallow developed the designs with Jayson Pate, allowing for a lift for those buyers looking to future proof the home. Ditto a plunge pool in the courtyards, an additional option in the pet-friendly space.

Cunningham Constructions have been locked in to handle the build, with construction forecast for completion in mid-2024.

Tallow bought the Burleigh Street site in late 2021, their first project in Burleigh Heads but their second in the wider Burleigh area, and their sixth project to date.

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Flora, Burleigh
18 Burleigh Street, Burleigh Heads QLD 4220

“We believe Burleigh is the best spot on the Gold Coast,” Thompson says.

“It’s the best location in terms of where locals want to be, not just interstate buyers, or just people looking to buy off the plan. Everyone wants to be in Burleigh in any capacity.

“There’s a cohort of people who don’t buy or live in Burleigh, but the area is so sought-after, even if you’re visiting or living in Broadbeach or somewhere closer to Surfers, you’re making your way down to Burleigh at some point to take advantage of the more relaxed beachside culture.”

Tallow bought the Burleigh Street site for its prime location, a few hundred metres from the cafes, shops and restaurants on James Street.

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Flora, Burleigh
18 Burleigh Street, Burleigh Heads QLD 4220

“It’s a short three-minute walk to James Street and a seven-minute walk to the beach, allowing you to experience all that Burleigh village has to offer,” Thompson says.

“Flora presents a rare opportunity to purchase a townhouse product under $2 million that is in the heart of Burleigh Heads. There’s not going to be too many opportunities to be able to create something like we have at this price point.”

Article source: Queensland Property Investor

Sunland Group builder and developer sells luxury Benowa, Gold Coast home

Sunland Group builder and developer Riaz Rezvanipour and his wife Mona have sold their waterfront family home they designed and built in Benowa.

The luxurious three-storey house at 128 Sir Bruce Small Blvd, which was marketed by Harcourts Coastal Prestige director of lifestyle property Katrina Walsh, sold for $3.9 million.

Mrs Rezvanipour is the daughter of Sunland Group’s founder, Soheil Abedian.

Property records show Mr Rezvanipour and his wife, Mona, paid $435,000 for their 882sq m lakefront lot in Benowa Waters 2003 and built the north-facing house the following year.

Ms Walsh said homes such as this were becoming increasingly rare as the Gold Coast property market struggled to keep up with the high demand for prestige properties.

“There is a distinct shortage of quality properties currently available on the Gold Coast, yet the demand from upgrading locals, returning expats and relocators remains strong,” says Ms Walsh.

“We are seeing more buyers eager to upgrade to larger family homes on big blocks, with waterfront properties still in high demand.

“The biggest challenge facing prestige buyers is lack of supply; properties like this on do not come available every day.”

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The pool overlooks the lake.

The north-facing home which takes in views of Lake June was secured by a Helensvale family seeking to upgrade to a waterfront property with a tranquil setting close to prominent private schools.

The house has four bedrooms, all with ensuites, and a lavish master bedroom with a private balcony overlooking the lake.

The home’s statement entry opens onto 6m-high ceilings with feature pendant lighting and a custom-made steel and blackbutt staircase.

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Enjoy water views from most rooms.

The kitchen has a backlit 3.4m Calcutta marble island bench, while the private dining room and waterfront terrace overlooking the 17m pool and spa provide further options for entertaining.

There’s also a spacious top-level family room, a basement billiard room with outdoor access which is ideal as a teenager’s retreat, and a soundproof home theatre with Bose surround sound system and projector.

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The home from the lake.

Ms Walsh said there was constant activity and interest in the Benowa home with a mix of interstate and local buyers vying for the property.

“There is certainly no shortage of keen buyers active in the market, however, we are finding it is taking noticeably longer to get the ultimate, premium price for Gold Coast properties and our aim is always to get the premium result for sellers,” she said.

“We are operating in a new market, and we are noticing it does take time to find the right buyer and to get the premium price which calls for trust and patience from our sellers which is ultimately rewarded with a great result.”

Article source: Queensland Property Investor

Glitter Strip Family Snaps Up Two $12m Mantaray Villas

The emergence of a sandy strip north of Surfers Paradise as one of the country’s most sought-after new enclaves for the uber rich is under way.

Off -the-plan sales in developer Gordon Corp’s $300-million Mantaray Marina and Residences— the first new development on The Spit at the Gold Coast for more than two decades—have been officially launched.

And two members of a Gold Coast family are among the first buyers, each snapping up a $12-million villa within the exclusive waterfront development.

Also the first project to be delivered under The Spit Master Plan led by the Queensland government following extensive community consultation, Mantaray is among a $1-billion-plus development spree heralding a new era.

Approval was recently granted for the $480-million, six-star 150-room Ritz Carlton hotel and superyacht marina project on the neighbouring Mariners Cove site.

The Spit has been dormant for more than 20 years since its heady days of development when it became the home to the upmarket Sheraton Grand Mirage Resort and former Palazzo Versace Hotel.

The Rothelowman-designed Mantaray Marina and Residences will comprise 24 two, three and four-bedroom apartments, villas and penthouses alongside a 67-berth superyacht marina and an exclusive members-only on-water lounge.

Gordon Corp chief executive Tim Gordon has partnered with pub baron Bruce Mathieson to deliver the development.

“The Mantaray provides access to a very private world,” Gordon said.

“With height limits on The Spit capped at three-levels, we saw an opportunity to deliver something truly boutique yet grand in scale, with an emphasis on lifestyle, outlook and space.”

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He said the family members who had purchased the two four-bedroom villas were downsizing from their homes in nearby Paradise Waters and were drawn to the privacy, security and absolute waterfront position of the Mantaray residences.

They were among the pre-launch inquiries fielded mostly from local residents.

“Those who live and breathe the Gold Coast are very passionate about The Spit,” Gordon said.

“And there are only a finite number of residences that can ever be built on this protected peninsula, with the balance of developable land predominately dedicated to hotel and recreation uses.”

The Mantaray’s superyacht marina has been designed to “platinum gold anchor status” and will provide long and short-term berth leasing, direct ocean passage through the Gold Coast Seaway and year-round deep-water access, world-class marina operations, on-site security, and full-service concierge.

“The Mantaray Club is the centrepiece of the superyacht precinct, providing an unrivalled marina and clubhouse experience,” Gordon said.

A retail plaza will provide a link connecting the precinct to its surrounds and providing access to nearby restaurants and cafes.

Article source: Queensland Property Investor

Developers Put Shovels to Dirt on SE Qld’s Newest City

Four developers will break ground on south-east Queensland’s newest regional city, Caboolture West, in the next month.

Lennium Property, Orchard Property Group, Baycrown Property Group and Avid Property Group collectively will deliver 2000 parcels of land in one of the region’s biggest future communities.

In the next 40 years Caboolture West will accommodate about 70,000 residents and 30,000 homes.

The four new residential communities will feature a mix of affordable land lots, turnkey homes, and house and land packages, on blocks of 300 to 600 square metres.

The first neighbourhood display village, at the entrance to the new masterplanned precinct, is expected to open mid-2025, with civil construction works due to begin in October.

They will also undertake subdivision works to create the first registered blocks of land, which will be available for purchase this year and are expected to be completed in October 2024.

Caboolture West is slated to play a significant role in addressing population growth in the Moreton Bay region, which is forecast to grow to 690,000 residents—an additional 210,000 residents—by 2042.

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▲ City of Moreton Bay is pursuing a polycentric city format with multiple hubs across the region, with significant population growth mooted for the area.

AVID Queensland general manager Anthony Demiris said the landowners, developers and government bodies had worked collaboratively to unlock the potential of Caboolture West.

“The development approvals mark a major milestone in the creation of Caboolture West,” Demiris said.

“They are also the result of productive and collaborative partnerships between all levels of government, utility providers and landowners—all of whom have been unified in their goal to bring forward much-needed land and housing in the region.

“We are looking forward to breaking ground on site to get construction moving as quickly as possible to deliver the land and homes this growing region needs.’’

City of Moreton Bay mayor Peter Flannery said the greenfield developments would provide residents with a diverse range of affordable housing options. 

“Well-planned communities like Caboolture West don’t happen overnight and are the result years of detailed land use and infrastructure planning and collaboration between all stakeholders.

“The ultimate winners will be its future residents who will benefit from walkable neighbourhoods, local parks, a district scale sports facility, a primary school, local shopping facilities and at least 70ha of green space with pedestrian and cycle paths along the Caboolture River.’’

Article source: Queensland Property Investor

Hinterland wellness retreat with cabins and glamping tents on the market

A “one-of-a-kind” property operating as a hinterland wellness retreat is set to be sold for millions of dollars.

The 44-acre (17.8-hectare) estate at 81 Litfin Road, Verrierdale, boasts multiple accommodation options including a large house, cabins, glamping tents and a retro bus.

It also has a yoga centre, steam sauna, magnesium pool, large lake and walking trails.

David Berns Real Estate sales consultant George Andrews said it was a special place.

“It’s definitely one of a kind,” he said.

“It’s ultra private. It has lots of usable flat land and some incredible views from high points.

“The glamping tents and rustic cabins are amazing, and the lake is beautiful and great for swimming.”

The cul-de-sac property, which is within 25 minutes of Noosa’s Main Beach, is on the market for offers of more than $5.995 million.

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The entrance to the guest house.

Dubbed ‘Amara Retreat’, it’s been run as a successful wellness retreat and short-stay accommodation venue, for corporate, local and international clients.

It has been owned, and improved, by a family during the past five years and was designed to “inspire human beings to re-ignite their love for life and nature”.

Mr Andrews said the retreat had become increasingly popular, but the owners were ready follow their passion for sailing and pass the property on to someone else.

He said the retreat could be taken to another level.

“It’s definitely got the potential to be a world-class destination,” he said.

“It’s got beautiful healing energy, so people can really go there and unwind.”

The six-bedroom, four-bathroom Hamptons-style guest gouse is at the property’s heart.

It boasts stunning views of Cooroy Mountain and Mount Tinbeerwah, and it has a steam sauna and therapeutic magnesium pool.

Another house, with two bedrooms, hardwood flooring and country kitchen, is ideal for an owner or caretaker.

There’s also a retro cabin that has hardwood flooring, kitchen, bathroom and bedrooms.

An off-grid cabin is also on the property, with wood burner, cedar windows, kitchen, bathroom and bedrooms.

Three new glamping tents, with private bathroom facilities, look out to a huge lake.

The retro bus has bunk beds and kitchenette.

A dedicated 100sqm space for yoga and workshops comes with kitchenette, bathroom, vegetable garden and views.

Auction results

1/107A King Street, Buderim

Sold under the hammer for $778,000

3 Bed, 3 Bath, 2 Car

Ray White (Buderim), The Gregory Ward Team

33 Vincent Avenue, Sippy Downs

Sold post-auction for $770,000

4 Bed, 2 Bath, 2 Car

Ray White (Buderim), The Gregory Ward Team

209 Glenview Road, Glenview

Sold under the hammer for $1.27m

5 Bed, 2 bath, 6 Car, Pool

Ray White (Nambour), Matt O’Grady and Alisha Galea

34/146-148 Alexandra Parade, Alexandra Headland

Sold under the hammer for $940,000

2 Bed, 2 Bath, 1 Car

Ray White (Maroochydore), Pam Thomas and Sarah Olsen

1/1 Rosslare Court, Kuluin

Sold prior to auction for $727,000

3 Bed, 2 Bath, 2 Car

Ray White (Maroochydore), Pam Thomas and Megan Murray

8 Boorook Street, Buddina

Passed in at $2.2m

5 Bed, 3 Bath, 3 Car

Ray White (Kawana), Ryan Bradeley

41 Dalby Street, Maroochydore

Passed in at $970,000

4 Bed, 1 Bath, 1 Car

Ray White (Maroochydore), Reuben Park

48 Yorkeys Lane, Maroochydore

Sold under the hammer for $857,000

3 Bed, 2 Bath, 2 Car

Ray White (Maroochydore), Sarah-Louise Anderson

36/13 Mooloolaba Esplanade, Mooloolaba

Sold under the hammer for $1.35m

2 Bed, 2 Bath, 1 Car

Define Property, Jordan Barden and Katie Davies

21/4 Aerodrome Road, Maroochydore

Sold under the hammer for $602,000

2 Bed, 1 Bath, 1 Car

Define Property, Grey Turnbull

Article source: Queensland Property Investor

Top 10 most expensive suburbs on the Gold Coast

Mermaid Beach has lost its crown as the most expensive suburb on the Gold Coast following a string of mega sales in Surfers Paradise.

The Glitter Strip’s unofficial capital recorded a median house price of $2.73m according to PropTrack data, knocking Mermaid Beach’s $2.6325m median for the top spot.

Mermaid Beach values were down 16.4 per cent over 12 months after they jumped almost 60 per cent over three years.

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59 The Corso, Isle Of Capri, Queensland

Surfers Paradise on the other hand, recorded a slight dip of 1.9 per cent cent over 12 months. It was up 47 per cent over three years.

The suburb has experienced renewed interest this year with several trophy homes trading for more than $10m each.

The highest sale was a resort-style mansion at 59 The Corso which sold for a Queensland auction record of $24 million.

Another property at 91 Commodore Drive recently settled for $19.3m while 125 Commodore Drive sold for $10.8m.

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16 Southern Cross Drive, Surfers Paradise.

On Nearby Cronin Island, 16 Southern Cross Drive recently traded for $10.118m.

Amir Mian, of Amir Prestige Group, said Mermaid Beach’s massive price jump over the past 12 months had contributed to its recent drop in values.

“Mermaid Beach got very expensive so there was always going to be an adjustment,” he said.

“Although the beachfront is still holding up and demanding big money.”

Mr Mian said the luxury housing precincts in Surfers Paradise — Isle of Capri, Paradise Waters and Cronin Island — were three of the most desired pockets of housing in Queensland.

“Surfers Paradise is also a lot bigger in size compared to Mermaid Beach which is a limited pocket,” he said.

“Paired with the lifestyle this suburb offers, it’s no surprise buyers are prepared to pay big figures to live there.

“All you need is a big sale and the median will go up in either suburb.”

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125 Commodore Dr, Surfers Paradise.

Kollosche selling principal Michael Kollosche said the mid to top end of the market was the strongest his agency had seen with stock levels considerably depleted.

“Blue chip properties are in high demand and we are seeing strong interest from local and interstate buyers looking to relocate or secure a second home, and from expats who are wanting to return to Australia permanently,” Mr Kollosche said.

“Prestige buyers are continuing to see the incredible value not only in Gold Coast real estate but the lifestyle these homes offer.”

PropTrack data revealed Clear Island Waters was the third most expensive suburb on the Gold Coast with a median house price of $2.015m, up 3.3 per cent over the last 12 months.

This month a waterfront mansion built for a prominent developer’s daughter has sold under the hammer for $5 million, setting a new benchmark in the suburb.

The six-bedroom, six-bathroom trophy home on 1,722 sqm at 42-44 Clear Water Bay Ave, Clear Island Waters smashed the record for the top residential sale in the blue chip suburb by $250,000.

Broadbeach Waters and Tallebudgera Valley rounded out the top five most expensive suburbs on the Coast.

Both suburbs recorded house medians of $2m.

SUBURB, MEDIAN PRICE

Surfers Paradise, $2.730m

Mermaid Beach, $2.6325m

Clear Island Waters, $2.015m

Broadbeach Waters, $2m

Tallebudgera Valley, $2m

Bundall, $17875m

Mermaid Waters, $1.695m

Paradise Point, $1.65m

Guanaba, $1.555m

Source: PropTrack

Article source: Queensland Property Investor

The Ultimate Guide to Home Improvement: How to Transform Your Space

Home improvement is not just about increasing the value of your property, it’s about transforming your space into a sanctuary where you can relax, recharge, and create lasting memories. Whether you’re a seasoned DIY enthusiast or a novice eager to learn, this Ultimate Guide to Home Improvement will arm you with the knowledge you need to make informed decisions and tackle your projects with confidence. From planning and budgeting to selecting the right tools, materials, and techniques, we will walk you through every step of the process.

Identifying Your Goals

Is it to increase your property’s value, improve functionality, or simply refresh your living environment? Defining clear goals will guide your decisions throughout the process. Overly ambitious projects can often be difficult to bring to completion, so it’s important that you remain realistic when setting your goals. Establish a reasonable timeline and budget for your project so that you know what you’re getting into before proceeding. For example, although doors can be automated with smart technology, a manual door may be more cost-effective and get the job done just as well. However, if you want your home to feel like a ‘smart home’, automating doors might be the right choice for you. Now, think this, but for every other project you’re planning.

Budgeting

Determine your budget for the project. This will influence the scope of your renovations, the materials you choose, and whether you’ll need to hire professionals. Research the costs of materials and labor, as well as any applicable permits or fees. Prioritize which elements are essential to your project, and where you can cut corners if needed. For instance, if you’re looking for a more affordable alternative to hardwood flooring, laminate wood may be a good option.

Planning

Outline a detailed plan for your project, including a timeline and a task list. This step will help you keep on track and manage your resources effectively. If you’re expecting to hire professionals, get at least three bids and compare the quality of workmanship and materials. Also, consider checking references and doing a background check to ensure that whomever you choose is reliable. For DIY projects, read up on the steps involved and watch tutorials or consult experts for advice.

Choosing Materials

Select the right materials for your project. Consider factors like durability, maintenance, aesthetics, and cost in your decision. For example, if you want to install new countertops in your kitchen, granite is one of the most durable materials on the market. However, quartz is less expensive and just as resistant to stains and scratches. Also, keep in mind that certain materials may require additional care and maintenance. Moreover, know that the same materials can have vastly different prices depending on where you buy them.

Selecting Tools

Invest in the right tools for your tasks. While some tools are commonly found in most households, others might need to be specially purchased or rented. For instance, if you’re doing electrical work, you may need to buy a voltage tester or an extension cord. Similarly, when staining and painting wood surfaces, it’s important to have the right brushes and rollers to get an even finish. If you don’t own power tools like drills or sanders yet, research which ones best suit your needs before making a purchase.

Doing the Work

Whether you’re doing the work yourself or hiring professionals, ensure that the work is done safely and efficiently. Understanding basic DIY techniques can be useful, even when professionals are involved. For instance, if you’re repainting an entire room, start by covering the floor and furniture with drop cloths to protect them from splatter. When hiring professionals, make sure that they are up-to-date on safety regulations and have the necessary tools for the job.

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Finishing Touches

Don’t overlook the importance of finishing touches. This could include painting, decorating, and organizing your space to reflect your personal style. For example, you could add a pop of color to an otherwise neutral room with bright scatter cushions. When creating storage solutions, try to maximize your space by looking for multipurpose furniture like ottomans that act as both seating and storage. Additionally, consider incorporating smart technology into your home for convenience and extra security.

Maintenance

Understand how to maintain your newly improved space to keep it looking its best for years to come. Regularly clean surfaces, fixtures and appliances to prevent the buildup of dirt. Additionally, check for potential damage and take steps to repair or replace worn-out elements before they become a bigger problem. Likewise, if you’re updating your wiring or plumbing, consider getting regular inspections to ensure that everything is functioning properly.

In conclusion, home improvement is a rewarding endeavor that allows you to breathe new life into your space while potentially enhancing your property’s value. From setting clear goals and sticking to a budget, to selecting the right materials and tools, each step of the process can be a learning experience. Remember, the key to a successful home improvement project lies not only in the final product but also in the journey that takes you there. Whether you choose to undertake a DIY project or enlist the help of professionals, this guide is designed to empower you with the knowledge and confidence to transform your space into the sanctuary you envision.

Preserve Your Property’s Cleanliness and Integrity with These Maintenance Tips

Maintaining the cleanliness and integrity of your property is an essential aspect of homeownership that often needs to be noticed. A well-maintained home not only adds to the aesthetic appeal but also prolongs the property’s lifespan, potentially saving you from costly repairs in the future. From exterior updates to interior maintenance tasks, there are plenty of ways to keep your property looking great and running efficiently year after year. This guide aims to arm you with valuable maintenance tips to help you preserve your house’s cleanliness and structural soundness.

1. Get Professional Help from Facility Maintenance Companies

Engaging the services of a professional facility maintenance company can streamline the process of maintaining your property considerably, particularly when it comes to complex tasks like plumbing, electrical work, or structural repairs. These companies employ experienced professionals with the knowledge and skills to handle various maintenance tasks. In turn, this professional approach ensures that all maintenance work is carried out to the highest standards, prolonging the lifespan of your property and helping you avoid costly repair or replacement costs.

It’s more than just the expertise that makes professional facility maintenance companies a smart choice. Many of these companies offer comprehensive maintenance packages that cover all facets of property upkeep, from routine cleaning and landscaping to more specialized services like HVAC maintenance or pest control. Opting for facility maintenance in Brisbane can take a significant load off your shoulders, freeing up your time and energy for other essential tasks. Moreover, with their help, you can maintain the aesthetic appeal of your property while ensuring its functional efficiency.

2. Consider Smart Home Updates

Upgrading your home with smart technology solutions can be a great way to improve its functionality and longevity. Installing energy-efficient appliances, such as LED light bulbs or thermostats, can help reduce power consumption and electricity bills. Similarly, investing in features like security systems and automated door locks can provide an added layer of safety while simplifying day-to-day operations.

Smart home updates can also include smart sprinkler systems and automatic garage door openers that enable you to manage your property easily. These updates not only enhance the efficiency of your property but also provide an aesthetic boost, as most smart home devices come in attractive designs and colors.

3. Take Advantage of Professional Cleaning Services

To ensure that your property remains in top condition, it’s essential to engage the services of a professional cleaning company. This can help keep your home immaculately clean and free from dirt, dust, and other debris. A regular deep-cleaning service can cover all areas of your house, including ceilings, walls, carpets, and hard floors. In addition to this, the cleaners can use specialized cleaning solutions for specific surfaces or materials like leather or stone.

Professional cleaning services are not just about aesthetics; they also have a major role in maintaining your property’s structural integrity and hygiene. The deep-cleaning process can help eliminate hidden sources of dirt, grime, and pests that can cause significant damage to your property if left untreated.

4. Stay on Top of Appliance Maintenance

Your home’s appliances are essential to your property and require regular maintenance to stay in top condition. This involves periodically cleaning, inspecting, and replacing parts as needed. For instance, you should vacuum the refrigerator coils regularly and clean out the air filter in your AC unit every few months. In addition, it’s essential to keep an eye on the performance of your appliances and have them serviced by a professional if needed. 

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Ignoring regular maintenance can lead to significant problems in the long run. This will reduce your appliances’ energy efficiency and increase the likelihood of breakdowns and costly repairs or replacements. By staying on top of appliance maintenance, you can ensure your property is energy-efficient and free from costly issues.

5. Opt for Regular Pest Control

Pests can be extremely troublesome and wreak havoc on your property. Not only do these creatures cause damage to your property’s structure, but they also pose a risk to your and your family’s health. To prevent this, it’s essential to ensure that pests are kept away from your house in the first place. This can involve anything from sealing cracks on walls to ensuring proper insulation in the attic.

In addition, opting for regular pest control services is an effective way to keep your home free of unwanted invaders. Professional exterminators can help identify and eliminate any existing infestations using specialized treatments and methods. Furthermore, they can provide preventive advice that could be useful for maintaining your property’s cleanliness and integrity.

6. Employ Regular Landscaping Services

Employing regular landscaping services is another great way to maintain your property and ensure its longevity. Professional landscapers can help keep your yard in top shape by mowing the lawn, trimming the hedges, and pruning trees or plants as needed. They can also provide advice on how to enhance your yard’s aesthetic appeal, such as installing water features, outdoor lighting, or wooden decks.

Regular landscaping services are not just about the looks; they can also play a major role in maintaining your property’s structural integrity. For instance, pruning trees and plants regularly can help reduce the risk of damage caused by overgrown branches or roots that invade walls or foundations. Therefore, employing the services of a reliable landscaping company can be greatly beneficial for preserving your property’s cleanliness and integrity for many years to come.

7. Clean the Roof and Gutters

The roof and gutters of your property play an essential role in keeping it waterproof and safe from damage. Therefore, it’s necessary to keep these areas clean regularly. This involves removing dirt or debris accumulated on the roof tiles or gutters over time. Doing so can help prevent any water damage or other issues that could cause significant damage to the structure of your house.

Though cleaning the roof and gutters yourself is possible, it can be difficult and dangerous. Therefore, it may be best to engage the services of professional cleaners to remove any dirt and debris from these areas. They can also inspect the roof and gutters for issues like loose tiles or blocked drains.

These are just some ways to preserve your property’s cleanliness and integrity. Regular upkeep will keep your house in excellent condition for many years. Taking proper precautions can also help you avoid costly repairs or replacements. In short, investing in your property’s maintenance is an effort that will pay off in the long run.

Renovate or detonate? The best-worst houses listed for $200,000 and up

Homes with gaping holes in the roof, smashed walls, or peeling paint may not be appealing to some, but other buyers are not deterred.

Fixer-uppers are attracting interest despite a long wait for builders and an increase in costs for supplies since the COVID home-building boom.

Housing Industry Association chief economist Tim Reardon said the challenges for keen home renovators are likely to linger this year, though the problem could ease over the next 12 months.

“The demand for skilled trades eased marginally in the December quarter with the return of overseas migration,” Reardon said.

“And the rise in [interest rates] means the number of new builds will slow in 2024, but given the large amount of storm damage and elevated renovation levels, the demand for skilled trades will remain strong throughout this year.”

In regional Victoria, a former rental home has hit the market at 7 Dove Place, Mildura.

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7 Dove Place, Mildura VIC 3500

The four-bedroom home has holes in the walls and damage to the kitchen as it has been vandalised since the tenants moved out.

The home has a super cheap price guide of $182,000 to $200,000. Mildura’s median house price is $374,000.

Elders Real Estate Mildura Lukas Pedder said the vendors had bought the property intending to renovate it, but have found another fixer-upper project they want to tackle.

“We predominantly see investors who want to fix up and rent out these types of properties, or flippers,” he said.

Buyers have been out in force looking at a two-bedroom beachside apartment in the Golden Mile of the seaside Melbourne suburb of Elwood.

The apartment at 11/45 Ormond Esplanade has been a drawcard for buyers looking for a bargain, Belle Property St Kilda’s Kyle Spinks said. That was despite cracks in the walls – it needs a major renovation.

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The Elwood apartment has cracks in the walls.CREDIT:BELLE PROPERTY ST KILDA

The mid-century property is asking $650,000 to $700,000, while Elwood’s median unit price is $725,000 on Domain data.

Spinks said buyers were keen, despite the work involved, as the apartment was so close to the ocean.

“It’s so popular because it’s on the top floor, and it also has these really high ceilings which make it feel like a house,” Spinks said. “People say it has this very charismatic feel when they walk in.”

One of the most expensive fixer-uppers on the market is in Ultimo, in Sydney’s inner suburbs, where a dilapidated two-bedroom Victorian terrace has been listed with a guide of $1 million to $1.1 million.

The home at 165 Jones Street, is completely unlivable, according to its marketing, with photos revealing a gaping hole in the roof, rotting floors, peeling paint work and a backyard with an overgrown garden.

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The ceiling at this Ultimo terrace will need some work.CREDIT:BELLE PROPERTY SURRY HILLS

Belle Property Surry Hills’ Blair Cardile said the top floor of the two-storey terrace can’t be accessed due to safety concerns.

Cardile said buyers haven’t been put off by the mammoth task ahead, with professional builders and other renovators interested. The property will go to auction on April 1.

“We’ve had a pretty good response to it,” he said. “We’ve had two open houses so far and there have been double-digit inspection numbers both times.”

Another three-bedroom house in need of some serious TLC is for sale at 51 John Street, Granville, about 30 minutes west of the Sydney CBD.

The home is advertised with an $850,000 guide and has been referred to as the “ideal fixer upper.”

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There’s scope to make improvements.CREDIT:LJ HOOKER

It was a similar story about an hour-and-a-half from Sydney, where a former holiday home/weekender in need of some love is up for sale in Blackheath, close to Katoomba.

The home, at 36 Shipley Road was originally built in the 1970s, and has not been changed since, selling agent Ray White Blackheath’s Katrina Allport said.

“Up here, people still do renovate properties, so the majority of the market is looking to put in work and do it up,” Allport said. While there is no price guide listed on the property, Blackheath’s median house price is $805,000.

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This Blackheath cottage is ready for a reno.CREDIT:RAY WHITE BLACKHEATH

In Coopers Plains, in Brisbane’s southwest, a three-bedroom renovator’s delight has come up for sale. The home at 20 Evenwood Street is liveable, but does need updating.

Selling agent Ray White Annerley’s Bevin Powell said the property was being sold as part of a deceased estate. He said the property was representative of those that older generations had bought to live in for the long term.

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20 Evenwood Street, Coopers Plains QLD 4108

“They didn’t really transact every seven to 10 years,” Powell said. The property will go to auction on March 25.

While there is no guide, Coopers Plains has a median house price of $720,000.

A three-bedroom home in need of some work in Rockingham, about 45 minutes from Perth’s CBD, has proven popular with buyers.

That’s because the home at 55B Harrison Street is just a two-minute walk from the beach, Harcourt Rockingham’s Graeme Garwood said.

Though it’s not in bad repair, the outside of the home needed some love. The property has been advertised asking for offers from $455,000.

“It’s already had a couple of offers,” Garwood said.

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This garden could be turned into an oasis.CREDIT:HARCOURTS

Article source: Queensland Property Investor

Buyer’s agent snags $300k discount on Brisbane dream home

CREATIVE professionals Adam Brunes and Jacob Brewer were ready to upgrade, but dreaded house-hunting again after a frustrating year-long search to find their first home.

The couple engaged buyer’s agent Jake Edwards, who not only secured a newly built Queenslander home in Hendra within weeks, but also negotiated a sale price $300,000 below the vendor’s asking price.

Mr Brunes, 35, said they were referred to Mr Edwards by their mortgage brokers, Barry Wilkinson and Shuan Canham, of SW Brokerage.

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Mr Edwards with buyers Adam Brunes and Jacob Brewer outside their new Hendra home. Picture: David Clark

After spending every Saturday morning driving from one end of Brisbane to another, squeezing in up to 3 inspections in 2019 to buy their first home, the self-employed couple resolved to, “work smarter, not harder”.

“We literally viewed 70-plus properties. It was exhausting and it’s time we’ll

never get back,” Mr Brunes said.

“When Barry suggested we consider a buyer’s agent to eliminate a lot of the grunt

work personally, it was very appealing. Close friends had recently purchased via a buyer’s agent too and had a great experience, so that gave us added confidence in the process.”

Access to off-market opportunities was a bonus as they’d missed out on another house which was snapped up ahead of its first scheduled open home date.

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The pool was an added bonus

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The home overlooks Eagle Farm racecourse

Mr Brunes said they consulted with Mr Edwards about their brief, then received regular updates on properties he’d viewed, or knew were coming to market.

“He’d send through video walkthroughs of each property, along with his assessment of how each stacked up to our brief,” Mr Brunes said.

“The video walkthroughs were particularly valuable, as we all know that real estate

photography can sometimes be deceiving.

“It saved us a tremendous amount of time and ultimately led us to our dream house,” he said.

While the sale price of the four-bedroom, two-bathroom home with epic trackside views of Eagle Farm Racecourse was not disclosed, Mr Edwards said he negotiated a significant discount of $300,000 for his clients.

The two-storey home, marketed by Andrea Brown, of Ray White, was packed with character, featuring soaring ceilings over open-plan living spaces.

Pops of colour lift luxury finishes, including engineered wood floors through living areas and a library with built-in book shelves.

It’s also an ideal entertainer, with spacious decks and a stunning pool area with lush lawn.

The couple was due to settle on the Hendra house this month, and have put their Hamilton townhouse on the market.

The three-bedroom, two-bathroom property at 22 Hilda St is marketed by Chrese Morley, of Ray White, and goes under the hammer on March 29.

Article source: Queensland Property Investor

‘Elegant’ Boutique Sheds Pitched for Bulimba

It’s an unusual marriage of elegance and sheds that is setting Frank Developments’ expansion into the industrial sector apart from its peers.

After the strong market acceptance of his first boutique shed development, Gould Lane at Herston, Frank Developments managing director Frank Licastro has lodged plans for a second offering—this time across the river at Bulimba. 

Licastro said the Culprit-designed project would “revolutionise the urban industrial landscape” with 15 warehouses which he said would boost the vibrancy of the Bulimba area.

“Karthina Lane embodies Frank Developments’ commitment to cultivating vibrant workspaces, whilst preserving the productivity of inner-city industrial land,” Licastro said. 

“It creates a harmonious balance between functionality and aesthetics by blending stunning architectural design with a deep respect for the surrounding community.”

Key to this congruous design is a 3m landscaped buffer to neighbouring properties.

Licastro said the project would embrace a boutique tenancy approach and reject the traditional warehouse, incorporating a high-end material palette and integrating landscaping in the upper-level facade. 

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▲ Gould Lane was the first foray into the industrial segment for Frank Developments.

The project follows the success of Frank Developments’ first foray into boutique warehouse spaces. Licastro said Gould Lane was on track for completion next month.

The project was 98 per cent pre-sold ahead of construction completion.

Late last year the Brisbane City Council released its long-awaited Our Productive City strategy aimed at guiding the evolution of industrial and manufacturing land uses in the city. 

It identified more than 260ha of industrial land across the city that could be adapted for flexible high-value, low-impact industrial precincts.

The urban enterprise areas were located at Albion, Newstead, Bowen Hills, East Brisbane, Woollongabba and Milton and would be the focus of co-location of industry, commercial and residential land uses.

While Bulimba was not included in this strategy, the suburb is going through an urbanisation process exemplified by Shayher Group’s Bulimba Barracks urban regeneration project. 

The plans include five-storey apartment blocks and three-storey townhouse complexes in addition to three-storey detached homes on the former naval base.

The target yield for the site is 855 homes, to be made up of two-thirds apartments, 28 per cent will be townhouses, and just 6 per cent will be detached two-storey homes.

Article source: Queensland Property Investor

Invictus Moves on Hotel Investment Plans

Singapore-based Invictus Developments has continued to invest in the Australian hotel property market with the $25-million acquisition of Brisbane’s 5-star The Inchcolm by Ovolo Hotel at Spring Hill in Brisbane.

This acquisition closely follows Invictus’s $52.5-million purchase of an office building at 39 York Street in Sydney—to be refurbished into an upper upscale hotel.

The two buys follow the purchases of the Harbour Rocks Hotel in Sydney and Quest Woolloongabba in Brisbane in 2022.

These four acquisitions represent the first stage of an expected $500-million worth of investments by Invictus Developments in hospitality assets across the East Coast of Australia.

Sydney-based property investment management group Intergen Property Group is advising Invictus Developments on the acquisitions.

The Inchcolm Hotel was been acquired from Trio Capital, the investment and asset management business of independent lifestyle hotel group Ovolo, in an off-market transactions.

The luxury hotel features 50 guest rooms and suites, with a restaurant, conference and meeting rooms and basement carparking.

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▲ The Inchcolm hotel has been bought for $25 million at Spring Hill, inner-Brisbane.

Management of the property will be retained by Ovolo Hotels.

The sale forms part of Ovolo’s strategic plan to recycle capital to further grow the brand throughout Australia, New Zealand, and selected Asia Pacific markets, a spokesperson said.

The Ovolo Group has tripled its room count in the past five years, including adding two assets during the pandemic, and are looking to more than double its network via hotel management agreements, acquisitions, joint ventures and investment partnerships.

“This transaction signifies a 50-per-cent-plus appreciation in value based on the 2017 acquisition, driven by strong operating fundamentals,” Trio managing director Tim Alpe said.

The sale was the first divestment under the group’s wider strategic plan, with The Woolstore 1888 By Ovolo in Sydney also on the market.

Meanwhile, Invictus Developments said it was planning a $30-million repurposing of the 15-storey York Street office building into an upscale hotel, complete with rooftop bar. The hotel is expected to open towards the end of 2025.

Invictus Developments principal Chayadi Karim said they were “very strong believers in the Australian hotel market as international travel is returning to pre-Covid levels and Australia is seen as an exciting and vibrant destination in the Asia-Pacific region”.

“The addition of the two properties, with more planned on the East Coast, adds to our current portfolio of hotels in Singapore and Japan.”

The Inchcolm Hotel sales campaign was conducted by Wayne Bunz and Steve Carroll of CBRE Hotels, while Mitch Noonan, James Aroney and Sophie Tieman of JLL acted on the sale of the 39 York Street office building.

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Caravan park listed in tropical north

Meanwhile, another North Queensland asset has come to market, the second this week.

Hot on the heels of the listing of South Molle Island in the Whitsundays being offered via an expressions-of-interest campaign, a caravan park in the region has been put up for sale.

The Alva Beach Tourist Park is an ocean front park 16km north-east of Ayr and about 100km south of Townsville.

The park comprises 83 sites across a 1.99ha block and has beach access for pedestrians and 4WDs via bush tracks and footpaths.

The sites are a mix of powered and non-powered sites as well as 18 cabins and rooms, according to JLL Hotels, which is marketing the sale.

The freehold interest in the Alva Beach Tourist Park is available via private treaty.

Article source: Queensland Property Investor

Cielo Adds Tower Plans to Bilinga’s Boom

Cielo Group is planning another tower in Bilinga as the beachside Gold Coast Airport strip heats up.

Proposed is a 10-storey tower with 20 apartments and rooftop pool to replace two beach-shacks at 90-92 Pacific Parade, Bilinga.

Cielo had previously made an application fpr the 1012sq m site “albeit under the wrong entity name” so it was redrawn following discussions with City of Gold Coast Council.

The latest plans responded to concerns from the council on the previous application and added new renders by Z Architects.

It follows Cielo’s Bloom Bilinga project at 55 Golden Four Drive as well as a rising number of developments on the beachside strip.

These include seven-storey plans by a former Socceroo player and nine-storey plans by a strip club baron, which have both been approved.

The suburb will be part of the final Gold Coast Light Rail sections, which is currently progressing from Broadbeach South to Burleigh.

Within the light rail plans, the Queensland government identified Bilinga as a potential site for an aerotropolis as well as expanded retail and commercial opportunities near its station or stations.

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▲ A render of tower proposed by Cielo Group with a lobby, surf store and beach washup on the ground level, and 20 apartments above. Image: Z Architects

The Gold Coast recorded the second largest population growth in Australia last year, pushing the property market to bursting.

CBRE forecasts planned new supply is incapable of meeting future demand for residential, office, industrial and retail property.

This will continue to impact property prices, including rent, which for a typical two-bedroom apartment has jumped 40 per cent since the start of the pandemic.

Article source: Queensland Property Investor

This home comes with something rare and expensive you cannot see

In the world of real estate, with medians constantly on the move, what price do you put on … air?

Vendors in Brisbane are selling a swish, renovated house that comes with an unusual chattel – a chunk of air space, which they purchased to protect their views.

The owners of 56 View Street, Paddington, bought the property in front and therefore also own the air space above so their sparkling view can’t be built out. They registered that air space in front to number 56 and it is one of the sensational attributes in the luxury listing, on the books of Place Estate Agents.

56 View Street, Paddington, Queensland

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The house has been treated to an architectural upgrade. Photo: Domain

There are lawyers who specialise in air rights law, which is a branch of property law.

An early principle of property law is the Latin phrase: ” cujus est solum ejus est usque ad coelum et ad inferos“. It means whoever owns the land owns the heavens above it and the hell below.

Homeowners do own the air above their property, but there is a restriction on the height to which this applies – this is why planes can fly above residences.

Air rights can be purchased above a block of land by lodging an easement application, which can cost less than seven thousand dollars, registering a third party interest in the air space, before it can be transacted for compensation (ie. a price, just as you would a house) to the original owner.

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The pool, courtyard and built-in barbecue at the gorgeous 56 View Street, Paddington. Photo: Domain

In 2012, former President Donald Trump tweeted that one of his best ever investments was buying the “air rights” around the Tiffany & Co flagships boutique on New York’s Fifth Avenue, protecting views from his neighbouring Trump Tower headquarters.

The five-bedroom View Street beauty was treated to a multimillion-dollar makeover. It is going to auction and by law in Queensland properties headed under the hammer do not carry an advertised price guide.

David Gockel of Gockel Architects is behind the design, which employs banks of glass, a soaring void, handsome louvres, deep decks and natural materials impact a sense of space, light and connection to the inviting Brisbane climate.

A turquoise lap pool runs the length of the house, linked to the courtyard with a built-in barbecue. The home also has a gym.

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Homeowners also own the air above their properties but only to a certain height, which is why planes can fly over residential areas. Photo: Adobe Stock

The median house price in Paddington, known for its city views and top-notch shopping, is $1.82 million, according to Domain’s December 2022 House Price Report.

The sum represents a 28.6 per cent spike over 12 months and 82.4 per cent over five years.

Article source: Queensland Property Investor

Rent caps flagged as state confronts housing crisis with 150,000 households under stress

Limits on rent increases could be on the agenda for Queensland as a new report shows the extent of the housing crisis.

Of 150,000 households under housing stress, about 100,000 would typically be eligible for social housing, a report commissioned by the Queensland Council of Social Service (QCOSS) says.

This figure is almost four times the social housing wait list of about 27,000.

Average wait times for social housing are more than two years and the issue is especially pronounced for families with children, QCOSS chief executive Aimee McVeigh says.

“We have hundreds of thousands of people, many of whom are children, waiting for social housing for more than two years,” Ms McVeigh told ABC Radio on Monday.

Much of the pressure stems from a skyrocketing rental market that has seen “the worst inflation of any place in Australia”.

Median rents rose 80 per cent in the central Queensland city of Gladstone, 51 per cent in Noosa and 33 per cent on the Gold Coast over the past five years.

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Median rents have more than doubled in Noosa in five years.

During that time, the proportion of private rentals considered affordable for low-income households halved from 26 per cent to 13 per cent.

Premier Annastacia Palaszczuk confirmed rent caps are on the agenda for a meeting of government, industry and advocacy groups next week.

“I understand that this is a big issue for families, they are constantly being faced with huge increases in rent,” she told reporters on Monday.

“We’re looking very seriously at how a rental cap can be put in place.

“There has also been around eight or nine … interest rate increases. That is really adding to people’s stress.”

Discussions are also under way to lessen the effect of the national rental affordability scheme’s phase-out over the next two years.

About 5000 Queensland properties are part of the scheme that reduces costs for low-to-medium-income households, and the state government “stands ready to purchase those houses”, the premier said.

“Where the federal government is stepping out, we are stepping up.”

Housing stress is partly due to high levels of interstate migration and Ms McVeigh said international migration is predicted to return to pre-pandemic levels this year.

Pressure on homelessness services is also markedly higher in the Sunshine State.

Homelessness in Queensland is estimated to have increased 22 per cent in the four years to 2021-22, compared with a national average increase of 8 per cent.

Article source: Queensland Property Investor

Upgrades on way to swim centre that attracts more than 200,000 visits per year

A popular Sunshine Coast swimming facility is about to get a significant upgrade.

More than $6 million will be splashed on a range of improvements to the Kawana Aquatic Centre at Bokarina.

Councillor Peter Cox said the much-needed upgrade would enhance the region’s capacity to accommodate aquatic sporting groups and attract patronage.

“The Kawana Aquatic Centre is an important swimming facility for our region,” he said via a Sunshine Coast Council media release.

“It already attracts more than 200,000 visitors per year with a vast number of residents taking advantage of the reputable swim school and squad training, as well as travelling sporting groups – and demand for our facility continues to grow.

“The centre is part of our thriving sporting heart – supporting the nearby Sunshine Coast Stadium and broader Kawana Sports Precinct.

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The Kawana Aquatic Centre hosts club training, social swimmers, events and travelling sports groups.

“Together these facilities host many local, national and international sporting events, training camps and competitions each year.

“With more than 500,000 people expected to call the Sunshine Coast home by 2041, these sporting facilities are essential to the liveability of our region and will ensure our community has access to world-class sporting amenities close to home.”

Council has appointed local building firm Murphy Builders as the primary building contractor to deliver Stage One works.

Tourism, Events and Sport Portfolio Councillor Jason O’Pray said the first stage of the multiple-year upgrade would include a new 20m indoor pool, along with improved structures and operating equipment.

“The existing indoor pool has reached the end of its useable life and will be replaced with a modern and more accessible facility,” he said.

“We will take this opportunity to incorporate environmentally considerate operating systems including state-of-the-art controls and a roof-mounted, solar photovoltaic system for power generation.

“As part of future works, council will also deliver a new entry building, children’s water play areas, public amenities, a refurbished kiosk and improved car parking.

“The first of three construction stages is now underway with works taking place over several years to minimise the impact on patrons and the pool lessee, City Venue Management”.

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The Kawana Aquatic Centre’s undercover pool.

The council-owned aquatic centre offers a range of facilities and programs for all ages and abilities.

It features a 50m outdoor pool, 25m pool with dive/water polo pool, and a dedicated learn-to-swim facility with all-abilities access hoist. There is also an array of children’s play pools.

It is is one of nine council-owned aquatic centres across the region.

The other aquatic centres are located at Beerwah, Caloundra, Buderim, Cotton Tree, Coolum, Palmwoods, Nambour and Eumundi.

All facilities are operated by council contract partners who provide the day-to-day site operation, programming, and access for the community.

Article source: Queensland Property Investor

170 apartments hit the Gold Coast market

A collection of 170 two and three bedroom apartments is now available in the Gold Coast as The Rochester Broadbeach development comes to market.

The $275 million apartment building is being developed on an 1813 sqm corner block fronting Surf Parade and Britannia Avenue in Broadbeach by Polycell Property Group.

This 39-level building provides a variety of floorplans, including two-bedroom units starting at 112 sqm and priced from $962,000, as well as three-bedroom apartments starting at 156 sqm and priced from $1.57 million.

It was announced earlier this year that construction was underway with demolition works having kicked off. The development is scheduled to be completed in late 2025.

Asking prices

The asking prices for units have grown 7% over the last year in the 4218 postal code area where The Rochester is located. The average weekly asking price in March 2022 was $733, 000 while this month it is $785,000 according to SQM data.

Property asking prices for postal code 4218

High volume of inquiries reported

MOTIV, a project sales and marketing agency, is in charge of managing the apartment sales for The Rochester Broadbeach. Their team has reported a high volume of inquiries since the development application approval was made public.

MOTIV founder and CEO Carly Cottam said her team was not surprised by the volume of interest, considering the sustained demand for premium properties in Broadbeach.

“The Rochester is perfectly positioned for the luxury homeowner seeking designer apartments within walking distance to the beach and the premium lifestyle hub of Broadbeach, with all its cafes and restaurants.”

Carly Cottam, MOTIV founder and CEO

“Broadbeach is one of the most sought-after places to live in Australia and The Rochester presents the market with a unique opportunity to own a large, luxury apartment in the heart of it with everything they want and need right on their doorstep,” Ms Cottam said.

“A great deal of consideration was given to the apartment design to meet the specific needs of sophisticated property buyers seeking larger, more stylish apartments with floorplans that flow and create space.

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An artist’s interpretation of The Rochester Broadbeach streetscape. Image – Supplied

The Rochester Broadbeach design

The Rochester Broadbeach, designed by BDA Architecture, has a style aimed to complement the natural coastal beauty and vibrant atmosphere of Broadbeach. Created with sustainability in mind, the building will have energy-efficient features including a basement car park with 17 electric vehicles docking stations.

Eastview Australia Managing Director Graham Goldman is The Rochester Broadbeach Project Director. He said the development team was delighted to be releasing this collection of luxury apartments to the market for the first time.

“In collaborating with our award-winning design team, we have created a modern and timeless apartment building that maximises the site’s prime lifestyle position in the heart of Broadbeach,” Mr Goldman said.

“The result is an elegant, coastal-inspired style of natural stone and timbers with premium quality fittings and finishes and high-end appliances

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Article source: Queensland Property Investor

Property still going for record prices despite market downturn

There’s still some signs the property market remains healthy despite some grim outlooks from market analysts.

PropTrack’s report on the national housing market in February shows a rise in housing prices in most capital cities but notes new listings are way down on the same time in 2022.

“New listings in capital cities picked up in February ahead of the autumn selling season, rising 26.6 per cent month-on-month,” writes PropTrack economist Angus Moore.

“Even so, new listings were down compared to a year ago, with 13.2 per cent fewer new listings compared to the busy start to 2022.”

However, the total number of listings was up 9.6 per cent year-on-year, meaning more choice for buyers.

And demand is tipped to stay strong, with wages growth on a slow uptick and higher migration also propping up that demand.

But with interest rates tipped to rise further at April’s Reserve Bank meeting, buyers and sellers alike have adopted a “wait and see” attitude.

That’s the belief of Sydney real estate agent Kiki Bermudez, associate director with Raine and Horne Unlimited.

“Compared to last year, it’s a totally different market,” Ms Bermudez told NCA NewsWire.

“People were quite spoiled for some time with low interest rates, and people certainly aren’t holding back. For example, I had seven registered bidders in an auction last week.

“But the question is how long will the market stay this way? People, especially those looking to sell, have this ‘wait and see’ attitude, but I’d be selling at the moment.”

That market uncertainty is being driven by interest rate decisions, with key economic figures like CPI and retail spending to be released late in March sure to influence the RBA’s April rates decision.

Despite the poor forecast, properties continue to go for record prices.

For example, a Sydney unit was recently sold for $1.37m in Coogee, with the same two-bed one-bath unit selling for $834k in December 2015.

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The living space of 10/2-6 Abbott Street, Coogee, which has sold for $1.37m.

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The same living space of the $1.37m apartment before it was renovated.

The unit underwent significant renovations since then, with the new sale price setting a record for the Abbott St unit block.

It follows a vacant block in the Sydney waterfront suburb of Mosman selling for $8m earlier in March.

It was the first time the 683sq m block had changed hands in 70 years.

And PropTrack analysis shows property is also moving fast in states like Queensland, Tasmania, Western Australia, and Adelaide, which all had suburbs in the top 10 for shortest median times houses were on the market in the year to February.

The Brisbane suburb of Meadowbrook led the charge with houses on the market for just 10 days before they were snapped up.

“Interest rate increases have reduced the amount potential buyers are able to borrow,” said Economic Analyst at REA Group Megan Lieu.

“While this has decreased demand from its record highs over the past two years, it still remains relatively strong.

“We expect competition to persist, especially in more affordable states such as Queensland, Adelaide and Western Australia.”

Article source: Queensland Property Investor

Palm Beach hotel development approved for ‘first of its kind’ hotel in the area

Development approval has been granted for an iconic Palm Beach landmark; this time, it’s for a ‘first of its kind’ hotel in the area.

The code-compliant development application was approved for a striking new $120 million project comprising 126 rooms across six storeys, with state-of-the-art amenities, including a rooftop pool, gym, spa, and in-house dining.

Earmarked for a site at 1081-1089 Gold Coast Highway in Palm Beach, the hotel is set to deliver over 2,000 sqm of architectural elegance to a beachside position.

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With the Southern Gold Coast currently undergoing a renascence, the location of Palm Beach Hotel is surrounded by the best of what the coast has to offer, with a vibrant dining and shopping scene and a mix of trendy cafes and restaurants all within walking distance to white sandy beaches.

Now that travel is back to normal and stimulating tourism, Palm Beach Hotel will also help meet the need for more accessible offerings in the Southern Gold Coast for domestic and international travellers.

Award-winning firm Plus Architecture has been engaged to deliver the master-planned hotel.

“Being such a significant project, our team took a considered approach to create a standout development in an increasingly discerning market,” said Danny Juric of Plus Architecture.

The Palm Beach market has achieved exceptional price growth, positioning itself as one of the Gold Coast’s hottest beachfront suburbs.

The plans laid for the architecture and amenities in Palm Beach Hotel certainly follow the visionary ethos of designing and delivering high-quality projects.

One of the parties is Gold Coast-based luxury property group, Steer Developments, headed by Robert Steer.

“We wanted to create a space that makes our guests feel something special. It’s about the entire experience. A perfect blend of beauty, luxury, and premium quality with a calm, lush, and peaceful serenity.

“We have always appreciated the Gold Coast’s lifestyle and are excited to contribute to its beauty and make an everlasting impact on the southern Gold Coast.

“While the northern end of the Gold Coast is flooded with hotels, the southern end is ripe for a luxury offering. Along with Mondrian set to open in Burleigh, the timing is perfect for an additional prestige hotel at Palm Beach.”

Palm Beach Hotel will be delivered in one stage, with construction set to commence in Q4 2023 and completion estimated for Q1 2025.

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Article source: Queensland Property Investor

5 Essential Roles of Erosion Control Solutions in Sustainable Development

Solutions for erosion management are critical for reducing soil loss, increasing land productivity, and safeguarding the environment. These solutions are intended to manage water flow and reduce sediment runoff, both of which can cause substantial harm to structures and rivers.

Vegetative stabilization, drainage management, and sediment control barriers are some common erosion control strategies. These erosion control solutions are often tailored to each site’s individual requirements and might range from simple measures to more complicated systems. Partnering with erosion control professionals that have knowledge in engineering, environmental science, and construction may ensure ecologically friendly and cost-effective erosion control techniques.

Preservation of Soil Health

Soil is a necessary resource for life on Earth to survive. It supports plant growth, provides a home for microorganisms, and plays a key part in water cycle regulation. Soil erosion, on the other side, can be detrimental to soil health, resulting in lower fertility, organic matter loss, and greater vulnerability to drought and desertification.

Lowering soil erosion rates is accomplished by using erosion control techniques such as vegetation cover, mulching, and terracing. The effects of rain and wind erosion are lessened by vegetation like grass and bushes, which support the soil’s health. Improved soil structure, moisture retention, and erosion prevention are all benefits of mulching or covering the soil with organic matter. Terracing or building level platforms on sloping terrain lessens runoff and soil erosion by enabling water infiltration and retention.

Protection of Water Quality

Soil erosion can degrade water quality by generating sedimentation, nutrient enrichment, and eutrophication. Water body sedimentation reduces water quality by reducing light penetration and oxygen availability and modifying aquatic fauna. Nutrient enrichment caused by fertilized soil erosion promotes the growth of poisonous algae and aquatic vegetation, culminating in eutrophication.

By lowering sedimentation and nutrient enrichment, erosion control methods help to safeguard water quality. Riparian buffer zones, for example, absorb excess nutrients and retain sediments along water bodies, reducing sediment and nutrient runoff. By filtering runoff water and increasing infiltration, vegetative filter strips reduce nutrient and sediment discharge.

Promotion of Sustainable Land Use Practices

Erosion control systems encourage sustainable land use practices by minimizing soil erosion rates and protecting soil health. Sustainable land use methods such as conservation tillage, crop rotation, and cover cropping serve to prevent soil erosion, improve soil organic matter, and promote soil health. These approaches also help to reduce the need for synthetic fertilizers and pesticides, encourage biodiversity, and increase carbon sequestration.

Erosion control methods are also important in promoting sustainable urban development. Green infrastructure solutions such as green roofs, rain gardens, and bioswales aid in the reduction of runoff, promotion of infiltration, and improvement of water quality. These solutions also help to minimize energy consumption, mitigate the urban heat island effect, and improve the aesthetic value of metropolitan environments.

Mitigation of Climate Change

Soil erosion is a significant contributor to greenhouse gas emissions, releasing carbon stored in soil organic matter into the atmosphere. Therefore, erosion control solutions play a crucial role in mitigating climate change by reducing soil erosion rates and promoting carbon sequestration.

Erosion control solutions such as agroforestry, conservation agriculture, and restoration of degraded land help to promote carbon sequestration by increasing soil organic matter. These practices also help to reduce greenhouse gas emissions by reducing the use of synthetic fertilizers and pesticides, promoting biodiversity, and reducing the need for tillage.

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Reduction of Disaster Risks

Soil erosion can increase the risk of disasters such as landslides, flooding, and sedimentation of water bodies. Therefore, erosion control solutions play a critical role in reducing disaster risks by stabilizing soil, reducing runoff, and promoting infiltration.

Erosion control solutions such as slope stabilization, vegetative cover, and retaining walls help to reduce the risk of landslides by stabilizing slopes and preventing soil movement. Vegetative covers such as grass and shrubs also help to reduce runoff, promoting infiltration and reducing the risk of flooding. Retaining walls, which are structures built to hold back soil on slopes, help to prevent soil erosion and reduce sedimentation of water bodies.

Descon Completes Condev’s Gold Coast Projects

Descon Group Australia has completed one of the projects it took over after the collapse of Condev last year and is nearing completion on another.

Descon signalled it had finished Brooke Residences in Robina on the Gold Coast after taking over 12 months ago.

The first residents have now moved into their apartments at the nine-storey, 95-unit residential apartment building, which is part of SPG Land’s $162-million Cambridge Residences precinct.

The second site it took on after was another Gold Coast project, Allure on Chevron Island, which Descon took on for developer Macquarie York in 2022. It is set to complete in the coming weeks.

Descon called the Brooke completion an “exceptional milestone” which it achieved with minimal disruption to the original construction program.

It is also some welcome good news for a sector suffering from fixed-price contracts and growing inflation, driving up the cost of materials and all leading to a maelstrom of insolvencies during the past few months, with more to come. 

Condev went into administration in early 2022, hot on the heels of the administration of ProBuild, with projects worth up to $1 billion hanging in the balance. 

The quick-fire insolvencies shook the industry and the builder blamed labour shortages, price hikes and major flood damage which led to delays and its eventual collapse.

At the time it was placed into liquidation, it had 18 projects under construction in south-east Queensland.

These included Aria Property Group’s Rivière project at Brisbane’s Kangaroo Point, which was completed in August, One Cannes at Surfers Paradise and Shoreline Queens Beach at Scarborough.

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▲ The future of developments including Shoreline Queens Beach in Scarborough were left in limbo by the Condev’s collapse.

Descon Group chairman Danny Isaac said the Brooke Residences were sold out and the group was pleased to have been part of the industry response to the Condev collapse.

“While the significant headwinds in the market are yet to ease, the co-ordinated industry effort in seeing key projects like Brooke Residences completed is ensuring that supply continues to reach the market at a time it is needed most,” Isaac said.

“The most challenging area of the market continues to evolve around escalating subcontractor costs and lack of reliable supply, and we will continue to manage this during the sector-wide volatility.”

Descon is also scheduled to complete work on its Southport project Waverley Residences in mid-2023 followed by Akin in South Brisbane. 

Article source: Queensland Property Investor

Azure break ground on Ipswich townhouse development, Munro

Brisbane developer Azure has broken ground on their sell-out Munro by Azure, the company’s first Ipswich project.

The 2.22-hectare development at 33 River Road in Bundamba will comprise 100 terrace homes in an exclusive gated estate to meet unprecedented demand for Queensland’s fastest-growing city.

Construction of Munro has begun on on schedule following a rapid sell-out of the project, just weeks after its official launch in April this year.

Azure director Trent Keirnan says while Munro by Azure represents a creative approach to urban design and modern living space, the project also delivers on the company’s mission to enhance affordability amid an ongoing housing crisis.

“Munro represents truly affordable luxury that will contribute much-needed housing supply to Ipswich with a diversity of housing options in a city that is thriving with employment and business opportunities,” Keirnan said.

“We are especially proud that this collection of 100 terrace homes holds true to our focus on quality for all amid the current housing crisis, allowing us to enhance affordability so that more people can acquire a brand-new home.”

The townhouses, priced from $545,000 to $557,000, offer a combination of three bedrooms, two bathrooms, and single-car garage plus a driveway parking facility.

The communal facilities are set across 1,500 sqm of open space which includes a 20-metre pool with cabanas and sun lounges, as well as a large lawn area for resident recreation.

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“A scarcity of superior living options has allowed us to present this project to cater for a changing demographic in Ipswich, a city that is undergoing a major transformation,” Keirnan added.

“Our approach has been to invest in key growth areas and creating communities that focus on liveability with the inclusion of prized indoor-outdoor living areas that define the southeast Queensland lifestyle.”

The development, strategically located close to urban amenities, transport and diverse employment opportunities, has benefitted from the strength of the Ipswich property market and the city’s position as the fastest growing in the state.

“We’re thrilled to welcome Azure to Ipswich and delighted that construction of this exciting new project is officially under way,” said Ipswich Mayor Teresa Harding.

“As Ipswich continues to grow, the delivery of 100 new homes from this project will be most welcomed at a time of elevated demand. We thank the Azure team for showing their faith in Ipswich and look forward to the first residents moving in and enjoying the superb lifestyle that the people of Ipswich appreciate every day.”

Munro by Azure is building on the success of similar projects undertaken by Azure’s building arm, Azure Build, across southeast Queensland.

Munro by Azure is being delivered in two stages, with the first stage comprising 70 terrace homes. The first stage is set for completion in the first quarter of 2025, while the second stage of 30 terraces will follow in the second quarter of 2025.

After completion, Azure will maintain its ties to the property by overseeing the management of Munro, ensuring that all shared amenities are maintained to the highest standard.

The company’s extensive property management portfolio currently comprises more than 800 residences.

Article source: Queensland Property Investor