Burleigh Heads: The laid-back Gold Coast suburb with double-digit house price growth

As the Gold Coast continues to grow exponentially fuelled by waves of sea-changers, there’s a certain suburb to keep an eye on; one where proud locals embrace its inherent beauty and laid-back vibes, and enjoy views of the more frantic areas of the city off in the distance.

Cue Burleigh Heads, a seaside suburb spoiled with a lush national park backdrop, a famous Norfolk pine-lined beach, a burgeoning cosmopolitan scene and a world-class surf break.

All of which begs the question – is this the real surfer’s paradise?

On the up and up

According to Conal Martin, founder and principal of Kingfisher Realty, these reasons are why Burleigh has more permanent residents than any other suburb on this coastal strip, attracting not only holiday-goers but also an evolving slew of newcomers who are eager to call this coastal charmer home.

“You tend to see a large family demographic in Burleigh due to its safe and convenient environment, along with high-end professional couples and retirees who choose to move here for the weather, lifestyle and world-class facilities,” Martin says.

“And then, of course, there are the old-timers, who have witnessed the progress and changes that Burleigh has undergone, yet still love the way the suburb retains its much-loved village feel.”

Going from strength to strength, Domain’s latest House Price Report shows Burleigh Heads’ median house price grew 31.8 per cent over the year to $1.212 million.

“The recent trends in our local market have been changing rapidly from the sale prices to the demographics,” Martin says.The Norfolk pines are an icon of the beach at Burleigh Heads. The suburb, once popular among retirees, now attracts young families and professional couples.

“Take, for instance, 7 Tawarri Crescent, which sold in June 2020 for $2.415 million – to buyers who were a family with four children from Canberra – then, 18 months later, is back on the market with a price guide of $4.31 million, gaining interest from the likes of interstate families and young professional couples based on the Gold Coast.”

Live like a local

While Burleigh’s natural beauty lies in its coastlines, creeks and parklands, a traditional “high street” is found in James Street, where a hub of cafes, restaurants and boutique stores reside, including poke-bowl restaurant Finn Poke and burger bar Two Yolks, owned and operated by local restaurateur Jem Jacinto.

“We are lucky enough to have two businesses in this popular spot of Burleigh Heads, both of which match the fun and energetic vibe of the local lifestyle and provide a level of sophistication that this community demands,” Jacinto says.

He moved to the area from Los Angeles four years ago with his wife Yvette and their now six-year-old son, and the family have come to happily adopt the Burleigh way of life.

With its array of shops, restaurants and new developments, Burleigh Heads is expected to continue its growth whilst retaining its charm. Photo: Mark Fitz 

“An ideal day would involve spending the morning at the beach or Tallebudgera Creek with the family, followed by brunch at any one of our favourite local cafes,” Jacinto says.

“As the evening approaches, we would grab dinner at one of our restaurants, before then heading to Burleigh Hill for a picnic with friends – this is where we often watch the sunset with gelatos in hand, as we listen to the Sunday-night bongos.”

With a myriad of development projects underway and Burleigh’s glowing reputation continuing to spread, Jacinto predicts there will be plenty of new faces to come.

“We expect the future will bring a larger interstate presence who will join our ever-growing community that includes all facets of people – those who will surely enjoy this dynamic, fun, and naturally beautiful part of the Gold Coast,” he says.

One to watch

Striking, all-embracing and award-winning; Tawarri House is a luxurious residence set within an exclusive locale.

It features polished concrete floors and high, raked ceilings, made complete by a seamless indoor-outdoor design.

Kingfisher Realty’s Conal Martin is accepting expressions of interest with a guide of $4.31 million.

 

Article Source: www.domain.com.au

 

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Charter Hall Spends $66m on SPC Factory

Busy fund manager Charter Hall has outlaid $66 million for a food processing plant at Shepparton in rural Victoria, adding to its expanding logistics portfolio.

The 126,000sq m facility, two hours north of Melbourne, was sold by fruit and vegetable giant SPC.

The initial yield on the transaction is about 6.1 per cent, setting a fresh benchmark for the local market where prime deals have been rare.

The processing plant is on a largely unused 23.4ha site at Andrew Fairly Avenue, providing Charter Hall with development potential.

It was purchased with a 30-year triple-net lease and will be held in Charter Hall’s $2.5 billion Direct Industrial Fund No.4 (DIF4).

Chris O’Brien, Ben Hegerty and Andrew Bell from CBRE brokered the deal.

Charter Hall direct chief executive Steven Bennett said the acquisition fitted comfortably within DIF4’s strategy of buying quality industrial property near transport infrastructure coupled with strong tenant covenants.

“DIF4 continues to meet investor demand for high-quality exposure to the resilient and growing industrial and logistics property market,” Bennett said.

“[This] acquisition is consistent with the fund’s investment strategy, presenting a rare 30-year triple net lease, introduces a new tenant customer to the fund’s portfolio and enhances DIF4’s exposure to the non-discretionary food industry.”

▲ The sale of the facility by food processor SPC will help the company raise funds to develop new products and increase efforts to break into international markets. 

Charter Hall noted the Shepparton acquisition would extend the fund’s weighted average lease expiry to 11.2 years at 100 per cent occupancy.

The DIF4 property portfolio includes the 21,000sq m Edinburgh Parks Distribution Centre in Adelaide, leased to poultry producer Inghams, and a 31,000sq m facility in south-west Sydney, leased to global logistics group Mainfreight.

In recent months, DIF4 has deployed over $375 million in acquisitions, providing investors access to leading national tenants including Cleanaway, Tesla, Bunnings and the federal government.

Charter Hall head of industrial development Andrew Simons told The Urban Developer the ASX-listed fund manager’s industrial arm was actively focusing on providing “last-mile” solutions in 2022.

“The standout [in 2021] has been the shift in mindset in the urgency of our tenant customers to adopt automation,” Simons said.

“Pre-Covid the general view was that automation was a good thing to acknowledge and possibly pursue.

“Post-Covid the mindset has changed to automation being something to consider as a priority noting the changing world and the benefits of scale, efficiency and flexibility automation can bring to their businesses.”

Simons said the renewed focus would require significant change to permitted land uses, a need to rethink strategies around zoning, permitted uses, hours of operation and concepts such as multi-level, high density warehousing.

“This will become critical to allow our cities to function effectively in the future,” he said.

The group’s managed portfolio of warehouse and logistics assets, worth $3.4 billion, booked a 9.6 per cent lift in values last year.

Charter Hall currently has a $2.3 billion industrial and logistics pipeline with a focus on Sydney and Melbourne.

 

Article Source: www.theurbandeveloper.com

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Brisbane’s prestige off-the-plan apartment demand high in with $5.5m sale at ORIA, Spring Hill

A Brisbane development has set a new apartment sales record in Spring Hill, with a local family purchasing a penthouse in ORIA for $5.5 million.

Situated at 447 Gregory Terrace, ORIA by Keylin will soon rise above its inner-city location opposite the 65ha Victoria Park and future Olympic cross-country equestrian and freestyle BMX venues.

Designed in collaboration between MAS Architecture Studio, WILD Studio and Jackson Teece, the residence delivers a consistent design language between the architecture, interiors, landscaping and location.

Oria Spring Hill 447 Gregory Terrace, Spring Hill QLD 4000 

Its elevated setting and its Art Deco-inspired design complement the heritage and architecture of Spring Hill, complemented by elegant interiors and intricate detailing, from the marble-columned foyer to accents of marble, brass, timber and fluted glass.

The 400sqm, four-bedroom, four-bathroom penthouse is located on the fourteenth floor, sold with three car spaces and secure basement storage.

The home features herringbone timber floors, striking ceiling coffer, fireplace, private wine room and bar, feature wall panelling, and custom stone and timber joinery.

Spanning almost one-quarter of the apartment, the master bedroom is complete with an 18sqm walk-in robe, a private reading area, and an oversized ensuite with a freestanding bath.

The kitchen boasts a monolithic stone island bench, premium Gaggenau and Liebherr appliances and a butler’s pantry, while 9-foot ceilings and full-height windows frame uninterrupted views towards the Brisbane CBD and Victoria Parklands.

Keylin managing director, Louis Cheung, said ORIA’s sky home presents a refined fusion of Art Deco design and contemporary comforts.

“It is also the only residence to enjoy direct access to the private resident amenities on Level 14, which include a cinema, business centre, private dining room, outdoor dining and relaxation areas, and extensive tropical landscaping”, Cheung said.

The 25-metre reef-edged pool, located on the first floor, features bold geometries and sub-tropical gardens that create an urban sanctuary from the busy city life of Brisbane.

Three four-bedroom sub penthouses will be released to the market soon.

Launched in October, ORIA is now 80 per cent sold and construction is scheduled to commence in early 2022.

 

Article Source: www.urban.com.au

 

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Shafston House, Kangaroo Point site set for apartment tower

Particular attention has been played to the arrangement of the buildings within the setting, with the designs from Rothelowman ensuring the new additions blend seamlessly in with the heritage listed building and surrounding landscapes.

The Brisbane-based land developer, Burgundy Group, has submitted plans for a new 15-level apartment development on the south-west corner of the heritage-listed Shafston House site.

Designed by the popular architecture Rothelowman, the plans at 23 Castlebar Street, Kangaroo Point. are for 37 three and four-bedroom apartments as well as two, four-bedroom river homes.

The development will sit on 2,657 sqm, part of the 9,958 sqm Shafston House site, which homes the 1851 heritage-listed house which was built by the Reverend Robert Creyke as a single-storey cottage called Ravenscott.

In their design statement submitted to the Brisbane City Council, Rothelowman noted that particular attention has been played to the arrangement of the buildings within the setting, with the designs ensuring the new additions blend seamlessly in with the heritage listed building and surrounding landscapes.

“Our goal is to create a holistic vision that ties all parts together. The garden acts as the temporal measure of the household and precinct,” the design statement read.

A landscape buffer has been implemented to soften level changes between Shafston House and the Thorn Street interface, as well providing protection from passing traffic.

“Both the north west and south east elevations of the tower explore a more extroverted gesture to the street interface, featuring operable glazing panels that fully open the living and dining area to the street. High level operable windows feature within the tower, allowing for passive ventilation even when the main sliding panels are closed within the home.”

Giving consideration to privacy for both the tower apartments themselves and adjacent apartments in neighbouring buildings, the southwest elevation presents a more protected interface that holds the perimeter of the Shafston House Precinct.

“Natural ventilation and Buildings that Breathe has been integral part of designing the interior spaces, forming layered interfaces that allow light and air to play,” they said.

The internal layout of the tower has been driven by a response to the Brisbane climate and prominent views out to the river. Services and corridors are centrally located with living spaces positioned towards the outer layered façades, with an emphasis on living to the north-east and buffered private spaces to the rear.

Generous balconies wrap the edges of the living spaces and bedrooms providing an ever present connection to the outdoors. Lined with planters they celebrate subtropical Brisbane living. Operable glazing in combination with planting and balconies allows indoor spaces to blend into the outdoors, balconies become extensions of interior living spaces.

“The tower is positioned at the rear of the site, respecting important sight lines that allow Shafston House to maintain a connection to the Brisbane River, as well as creating privacy for residents. The river homes are sited to orient towards the Brisbane River and across to the suburb of New Farm and leafy Merthyr Park. The existing historic entry to the site from Castlebar Street remains unchanged, respecting the original function and character of the formal approach to Shaftson House. The new entry proposed from Thorn Street presents as a porous ground plane and semi-public forecourt space.”

Solar panels will be provided on the rooftop of the tower in order to reduce reliance on the local energy grid as well as rainwater harvesting to maintain the lush greenery of the site. Energy efficient appliances and lighting fixtures will feature throughout the homes as well.

The site is located close to public transport systems including the Kangaroo Point Bikeway and Mowbray Park Ferry Terminal, with bicycle storage heavily integrated into the design of the tower as well, promoting the use of more active forms of transport.

 

Article Source: www.urban.com.au

 

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Cube Developments sell out first tower in Sunshine Coast apartment development, Seasons Birtinya

Over 30 per cent of the second tower has already been secured since its launch prior to Christmas

Demand has continued for the up-and-coming Sunshine Coast suburb of Birtinya, with Cube Developments announcing a sell out success of the first tower in its Seasons by Cube project, totalling over $40 million in sales.

Comprising 54 two and three-bedroom apartments, the first eight-storey tower was launched to market six months ago and has seen a diverse buyer mix, with first home purchasers, investors, downsizers and interstate buyers all moving quickly on the opportunity to purchase off the plan.

Over 30 per cent of the second tower has already been secured since its launch prior to Christmas.

Seasons Birtinya
1 Prosperity Drive, Birtinya QLD 4575 

Director Scott Juniper noted the team have also seen a spike in local downsizers to the project.

“Empty nesters from Buddina and the neighbouring area are capitalising on a market where they can sell their existing residence as a million dollar knockdown and opt for an oceanside apartment.

“Three-bedroom units have been particularly popular in the most recent release due to being priced at under $750,000, making them appealing to this type of buyer.”

“We’ve also sold two of the three penthouses, one to a local buyer from the neighbouring area for $1.5 million, and given the expansiveness and inclusions of these modern residences, we expect the final penthouse to move quickly too.”

Seasons’ Tower Two offers fewer apartments per floor to Tower One, including ground floor residences, while Tower One houses the elaborate suite of amenities including a fully equipped gym, yoga studio, spa and sauna on the ground level.

Upon completion, the Cottee Parker-designed project will make up around 148 apartments set over three eight-storey towers.

 

Article Source: www.urban.com.au

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Deposit gap growing faster than first-home hopefuls can save

First-home hopefuls who’ve spent the past year trying to buy would need to find tens of thousands of dollars extra for their deposit to keeps pace with property price rises, new analysis shows.

Someone who thought they had saved a 20 per cent deposit – the minimum needed to avoid paying lenders mortgage insurance – but watched house prices surging away would likely face a deposit gap growing faster than they could save.

It would now cost $320,000 for a 20 per cent deposit on the median house in Sydney, valued at $1.6 million in the December quarter, Domain figures show.

That’s an almost $80,000 increase in deposit in 12 months. A year earlier the deposit would have been just over $240,000 for an average house costing a little more than $1.2 million.

Someone buying in Melbourne would now need a deposit of $220,000 to buy the median house for $1.1 million.

If they started looking a year ago, they would need an extra $34,500 more in cash more now than they would have when the median house price was still at $929,000.

Canberra buyers would need a savings top-up of $63,000, while buyers in Brisbane, Adelaide and Hobart would all need to find more than $30,000.

House prices have jumped as ultra-low interest rates allowed home buyers to borrow more, and a shift to remote work prompted them to look for more spacious accommodation.

In reality, few are saving the extra $80,000 a year out of their wages, and many are getting help from home-owning family members who have benefited from price gains.

“When house prices rise, the deposit gap increases, and in addition, record-low interest rates make it virtually impossible for you to gain any return on the savings you’ve accumulated,” independent economist and Corinna Economic Advisory principal Saul Eslake said.

“Depending on how much interest rates rise, it’s possible that gap between the interest rates on the deposit, and the rate of increase in house prices, could narrow. It still isn’t helping you very much.”

He expects the rate of house price growth to slow, which could encourage first home buyers, although warns they face competition from investors.

For anyone who can afford a mortgage, low interest rates meant housing affordability had not deteriorated much, but the need for parental help to get a mortgage is a trend set to continue, he said.

“People will find the only way they can get into the housing market is by tapping into their inheritance early,” he said.

The Bank of Mum and Dad has been an increasingly active financier of first home purchases, as prices have risen out of reach.

Among the first home buyer clients of mortgage broker Chris Foster-Ramsay who settled in the past three to four months, 20 to 30 per cent had saved all their deposit themselves. The vast majority of his customers had some assistance such as a parental guarantee or cash gift.

“All have been involved in multiple offer scenarios, and they would have made formal offers on probably a dozen-plus properties, most of them, so securing the right home is exceptionally difficult if there’s an intense amount of competition,” the Melbourne-based principal finance broker at Foster Ramsay Finance said.

The lucky ones had bought within two to three months of starting their search, while most took up to 12 months with multiple increases in loan pre-approval amount, he added.

As prices rise above a client’s budget, he discusses the option of buying with a smaller deposit and paying lenders mortgage insurance, or they come back to him with their own solution.

“And that solution is usually family help of some description. The conversation will be: ‘We keep missing out on XYZ, we want to live in that area, the prices keep going up, so our parents have said to us, we’ll help you out’.”

Mortgage Broker Sydney principal Michael Brown noticed some first home buyers started to shelve their plans from June last year, realising they could not save fast enough to match the price rises.

“I also had some others who were fortunate enough to be able to make a withdrawal at the Bank of Mum and Dad, and a couple who were able to use what we call a family pledge or a family guarantee,” he said.

“A lot of the first home buyers have sufficient income to be able to afford these larger loans that are around at the moment, but they are struggling to be able to stump up the extra $10,000 or $15,000 that they need to make it a viable transaction.”

He has seen first-time buyers take anywhere from two weeks to two years-plus to buy, with many looking at mortgage insurance. He also has conversations about family support, or about whether a potential buyer has other investments such as shares that they could sell to top up their home deposit.

“I would counsel people – it isn’t that prices can’t fall, and at some stage they most certainly will, but relying on that as your method is perhaps not the greatest way forward.”

 

Article Source: www.brisbanetimes.com.au

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What Should Investors and Buyers Know About Relocating Property Furniture?

Are you relocating and need to take your furniture with you to Australia? When it comes to relocating furniture in Australia, there are a few things that investors and buyers need to be aware of. Furniture is often one of the most expensive items in a property, so it’s important to consider the cost and logistics of moving it. This article will discuss some of the key things you need to know about relocating furniture. We’ll also provide tips on making the process as smooth as possible. Let’s get started.

Get Help from a Professional

When it comes to relocating furniture, it’s always best to get help from professionals. Furniture movers have the experience and expertise necessary to move your furniture without damage safely. As mentioned at TopRemovals.com.au, professional movers have all the necessary equipment, vehicles, and experts to ensure that your furniture is handled with care. In addition, they will be able to advise you on the best way to pack and transport your furniture. This can save you a lot of time and hassle.

When choosing a moving company for your furniture, always consider the company’s experience in relocating furniture, their insurance policy and compensation arrangements, how they will pack and transport your furniture, and whether or not they have a storage facility. It’s important to get an estimate from the movers before hiring them.

Measure First

Will your new house accommodate your furniture? It’s important to measure the dimensions of your new property before you start packing. This will help you gauge whether or not all of your furniture will fit in the new space. If it doesn’t, you may need to consider getting rid of some pieces or finding a storage facility.

So, you can decide to measure the new house’s space before choosing the furniture. It is important because some people might like to choose their favourite furniture first and then measure the space of their house, while others may take measurements of their house and find the appropriate furniture according to that size.

Pack It Properly

One of the people’s biggest mistakes when relocating furniture is not packing it properly. This can lead to damage and even injuries. When packing your furniture, be sure to use proper packing materials, such as bubble wrap and cardboard boxes. Ensure that all pieces are securely packed together, and avoid packing too much furniture into one box.

When packing the furniture, try as much as possible to keep the original packing materials. This will help to prevent damage during transport. If you don’t have the original packing materials, pack the furniture securely with bubble wrap and cardboard boxes. You can buy the same from hardware or other stores.

Label Everything

When packing your furniture, it’s important to label everything properly. This will make it easier for the movers to know which pieces go. It will also help you to keep track of everything during transport. You can use a simple system such as numbering each box and writing down what is inside each box.

With good labelling, you won’t have any issue with your furniture placement in your new house or office. It will make it easier to pack, unpack and arrange the furniture since you will know where every marked piece goes.

Prepare for Unexpected Costs

It is good to create a relocation budget and prepare for unexpected costs. When relocating furniture, you may incur additional costs such as packing materials, hiring a professional mover, and transportation. Make sure that you have enough money to cover these relocation expenses.

The best way to save money on relocation is by planning and getting estimates from different moving companies. You can also reduce the cost of relocation by packing your furniture yourself then letting professionals handle the transportation. This ensures that you better pack your furniture and also reduces costs.

Think About Storage 

When relocating, it’s often helpful to think about storage. This can provide a temporary solution while you’re in the process of finding a new home or office. You can use storage facilities to store furniture, boxes, and other belongings until you’re ready to take them with you.

When choosing a storage facility, it’s important to consider the size of the unit, security features, and price. You should also ask about any additional fees that may apply. However, ensure that you minimise the time your furniture spends in storage to avoid damage and more costs.

It would be best to keep in mind a few things when relocating furniture in Australia. Measure first, pack it properly, label everything, and prepare for unexpected costs. It is also important to hire professionals to help with the relocation, as they will have more experience in this field. By following these tips, you can ensure that your furniture arrives safely and without damage. 

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