The Sunshine Coast property market could soon see a shift in “golden” buying opportunities as some interstate migrants decide to return home.
The predictions come from one of the region’s largest independent agencies after it noticed property owners going against the tide to sell up and move back to southern cities.
Henzells Agency said, as a result of properties entering the market, it had left the door ajar for buyers to seize rare opportunities in Caloundra’s beach suburbs.
The surprising news comes as just last month The Property Council of Australia revealed around about 81,400 people from Sydney and Melbourne were considering moving to the Coast in the next five years.
While acknowledging the PCA data, Henzells sales manager Kyle Davies said it was not all one-way traffic.
“It’s a very tight market and new listings are scarce but they are starting to present themselves,” Mr Davies said.
“We have seen couples from Melbourne and Sydney who bought on the southern Sunshine Coast over the past two years to avoid the COVID disruptions beginning to return home now that things have settled down.
“The opportunities are opening up.”
The sub penthouse at 1001/4 Queen Street, Kings Beach is for sale.
A stunning Kings Beach sub penthouse is one of a handful of opportunities available for primed buyers.
Henzells property consultant Brittany McCurdy said she was seeking offers in the “upper $1 million” range.
Offering 300-degree views of the ocean and iconic Glass House Mountains, Ms McCurdy said the owners have decided to return south to be closer to family.
“They moved into the sub-penthouse apartment with the idea of it being their forever unit but in the aftermath of COVID have now decided to move closer to family,” she said.
“It is a trend we are starting to see more of, and it’s opening the door for new buyers when a few months ago there was simply nothing available.”
The 243sqm three-bedroom, two-bathroom ‘sky home’ occupies the 10th floor of the tightly held Observatory residential complex in the heart of Kings Beach, at 1001/4 Queen Street.
Features include gourmet kitchen with European appliances, luxury ensuite with spa, sprawling ocean and hinterland views, dual living zones, study, secure double car accommodation and onsite heated lap pool, gymnasium and barbecue area.
The unit occupies a prime location, less than 400m from the patrolled beach, saltwater pool, playgrounds, amphitheatre, tavern, cafes and ocean boardwalks.
For sales or further enquiries contact Brittany McCurdy or Clare Thompson from Henzells Agency.
This could quite possibly be the ‘most secure’ home in Australia.
Cyber security expert Gregory Clark, the former Symantec CEO, has listed his Mediterranean style mansion, located on the exclusive Minyama Island in Queensland.
Described as a “sophisticated riverfront mansion” on the listing by Queensland Sotheby’s International Realty, the five-bedroom, six-bathroom property at 7 Minyama Island is a sight to behold.
A sense of grandeur is felt with decorative ceiling mouldings, chandeliers, marble floors and stone terraces.
An Australian cyber security expert is selling his lavish five-bedroom Minyama Island mansion. Photo: Queensland Sotheby’s International Realty
Those with culinary interests will delight in the huge entertainer’s kitchen with its stone benchtops, large island and ample cabinetry.
There is also a full outdoor kitchen, as well as an outdoor pool, 84 metre long private waterfront boardwalk and floating boat pontoon.
Having been owned by a cyber security expert, you can ensure the property is fitted out with the most secure technology.
The property boasts decorative ceiling mouldings, chandeliers and an attention to detail. Photo: Queensland Sotheby’s International RealtyThere’s ample space for entertaining with stone terraces, a pool room, swimming pool and gardens. Photo: Queensland Sotheby’s International Realty
According to PriceFinder, Gregory Clark has owned the mansion for just under 10 years.
The home has CCTV and an alarm system, along with indoor and outdoor CBUS system smart wiring lighting and audio.
Brisbane City Council is planning an elevated over-water restaurant on its “city-shaping” Kangaroo Point Green Bridge.
It would be the first of its kind in Brisbane, hinging off the successes of Melbourne mainstay Ponyfish Island under the Southgate footbridge.
The Kangaroo Point green bridge, which is currently under construction, would be modified to include two riverside dining options including the restaurant, and a cafe on the city-side landing of the bridge.
The City Projects Office on behalf of the council filed the plans for the restaurant and cafe which they said would “enhance the activation of the Kangaroo Point Green Bridge and provide new iconic views” to the Brisbane River, CBD and Kangaroo Point.
“The facilities will embrace Brisbane’s sub-tropical climate through innovative design elements, outdoor dining opportunities and interface with the river’s edge and active transport routes,” the report said.
“The Elevated Restaurant is an above water dining opportunity, offering 300sq m (GFA) of casual and restaurant dining and gathering space. The facility will be accessed from the bridge deck level at the city pause point.
The cafe at the city-side landing of the Kangaroo Point Green Bridge.
“The City Landing Café will provide casual, café-style service to the public, offering both indoor and outdoor seating, and providing green roof elements to complement the landscaping of the surrounding plaza area. The facility will integrate with the city landing plaza and allow for further activation of the Edward Street and Alice Street precinct.”
The $190-million Kangaroo Point Green Bridge is a pedestrian and cycle bridge linking the Kangaroo Point cliffs to the city botanic gardens.
Earlier this year Lord Mayor Adrian Schrinner announced a search for tenants for the two riverside venues.
“Just as we transformed Howard Smith Wharves, the Kangaroo Point Green Bridge will be Brisbane’s next iconic destination and this is a chance to be part of something really special,” Schrinner said.
Both tenancies would be developed as a cold shell and subject to future tenant fit outs, which would determine the final internal layout.
Council figures pointed to the bridge as a strategic active transport corridor that was expected to generate more than 7000 trips per day by 2041, and act as a “catalyst for new growth and development” in Brisbane’s CBD.
The Elevated Restaurant would be situated approximately 50m from the city landing, between pier 1 and pier 2 of the bridge at the city pause point and is accessed via stairs and lift from the bridge deck level.
The design of the facility includes indoor and outdoor spaces, operable glass facades, glass balustrading and internal glazing to manage light and heat, ventilation, and acoustic performance.
The 460m green bridge, which includes a striking 83m mast, will land between the City Botanical Gardens and Thornton Street, Kangaroo Point, and is expected to be completed by early 2024.
Local property platform Quanta Investment Funds has bought a recently refurbished office block in Brisbane’s CBD from Anton Real Estate Partners for $39 million, the latest in a run of middle-market moves in the city.
New lease agreements at 157 Ann Street will take the 14-storey office tower’s occupancy from 46.6 per cent to over 90 per cent. Those agreements – including a 2700 sq m deal with EMF Sports Performance and Recovery Centre, which plans to launch its Brisbane flagship health centre in 2023 – will take the property’s passing yield from 3.47 per cent to 8.91 per cent.
Quanta chief executive Stacey Jones said investors have shown strong support, with the investment offer backing the property fully subscribed within 12 days. The investment vehicle is expected to deliver a distribution of 8.15 per cent in its first year.
The 6576 square-metre Ann Street tower, between Central Station and King George Square Interchange, was brokered by CBRE’s Adelaide O’Brien and Jack Morrison, along with Colliers’ Jason Lynch.
Ms O’Brien said the Ann Street sale was one of a series of recent middle-market trades in Brisbane, testament to appetite for commercial property in the sub-$100-million sector.
“While market fundamentals have become more challenging over the course of the year, groups with conviction around the occupier market are proving to be rewarded,” she said.
In July, fund manager Aviator Capital bought an office tower in central Brisbane’s North Quarter precinct from Kyko Group for about $50 million In the same month, the Roberts-family-backed RF Corval sold a suburban office block for $46.5 million.
Adding to the Brisbane’s middle-market deal flow, interests associated with Bloomberg Incorporation, a private investment platform that owns Brisbane’s Riparian Plaza, snapped up another mixed-use property in the inner city for about $55 million.
Landscape maintenance helps keep your property’s landscape clean, attractive, and safe. Most homeowners believe landscape maintenance is restricted to backyard or driveway cleaning during spring and fall months. However, you should cary out other critical tasks like weeding, fertilising, lawn care, etc. regularly to ensure a functional and appealing landscape. Managing all aspects of landscape maintenance alone can be tiring and overwhelming. This is why you must hire a reputable landscaping company that provides a variety of landcape services.
Advantages of Maintaining landscape regularly
Your outdoor plants’ health will be at its best with a consistent care routine. For example, if you use the same high-quality mower to cut the grass every week, it is simple to establish a new growth pattern that benefits the overall health of your lawn.
This constant maintenance can consume your evenings and weekends. Hire a professional landscape maintenance service to do the work for you while you’re away, so you can come home and relax in your lovely yard. It will allow you to save time and energy for other important tasks.
Economic Advantages
Landscape maintenance, according to studies, is a wise investment that can help increase the value of a property. It is an excellent way to maximise available space and improve functionality while also improving aesthetic appeal. This will help to raise the value of your home, to which locating a local gardener is simple and would prove to be effective.
Lifestyle Advantages
Having green spaces around your property promotes physical and mental health, as well as well-being, according to numerous studies and research. Strategically planted trees also provide shade, and cooling, and act as windbreaks. It helps to reduce open-space maintenance while also increasing your property’s overall safety.
Environmental Advantages
Green spaces around your property that are well-maintained are an excellent way to save energy. Furthermore, it aids in the removal of dust and other pollutants from the air, increases oxygen in the atmosphere, reduces pollution and soil erosion and improves indoor air quality.
Overgrowth is avoided
Maintaining your landscape will help you keep your property looking neat at all times. Hiring a landscaping company to maintain your yard, garden, and surrounding landscape design will keep your property looking nice all year, on a routinely basis.
Weed Management
Regular landscaping discourages weed growth and improves the health of your plants and grass. Trimming, pruning, fertilising, and watering plants keep them from dying.
Improve Your Curb Appeal
Maintaining lovely landscapes all year will help to increase the value of your home. The building’s appearance is created by colourful plants, well-trimmed shrubs, and lush grass. It’s the best way to keep your landscape alive in any season, whether you’re planning on hostingfamily gatherings, entertaining guests for a special occasion, or selling your home.
Secure outdoor Space
Landscape maintenance, in addition to improving your property’s curb appeal, helps you keep your surroundings neat and organised. This, in turn, improves the property’s security. You need your home’s spaces to work for you so that you can enjoy summertime outdoor living with your family.
It saves money
Consider hiring professional landscapers in Sydney to maintain your lawn if you lack the necessary equipment, chemicals, and other products. Trying to do everything on your own may end up costing you more money. Landscaping in Sydney has many benefits, including increasing the value of your home, beautifying your space, the potential to lower heating and cooling costs, and potential health benefits.
Having a professional maintain your landscape has numerous advantages that outweigh the benefits of doing it yourself. For starters, you’ll have more time to unwind and enjoy your days and weekends. Therefore, hiring experienced landscapers in Sydney Australia is the best option for you.
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A Sunshine Coast small business owner is downsizing her own home so she can buy an investment property to accommodate the staff she desperately needs for her business.
Kylie Martin is co-founder of Chatter-Boxes speech therapy centre, which has locations in Minyama and Baringa, but the business is unable to help hundreds of coast families in need because of staff shortages, a problem she admits is “heartbreaking”.
“Since the introduction of the NDIS, our client load has increased exponentially and we have an enormous waiting list, which means we have the opportunity to employ many more staff here on the Sunshine Coast, however, what we’ve run into difficulty with is with staff being able to secure permanent accommodation,” Ms Martin explained.
“We closed our waiting list in February this year, so we’ve turned away hundreds of clients since then and we probably have 150 speech pathology-alone clients on our waiting list with a significant number for occupational therapy and psychology as well.”
Ms Martin is taking a drastic step in changing her own housing situation to try to provide places to house staff, but she admitted it may not provide the solution she needs.
The housing crisis is causing a shortage of speech therapists on the Sunshine Coast. Picture: Shutterstock.
“At the moment I have my own home on the market with the intention of buying something small for myself and buying an investment property to use as an incentive for staff, so that they can have permanent accommodation here on the Sunshine Coast and we can address our issues in terms of service provision and future scaling,” Ms Martin said.
“I actually think it’s going to go in to retaining the current staff we have and not necessarily make a big impact on attracting staff, unfortunately.”
She said the inability to provide speech support to children in need was a “heartbreaking” situation.
“Yes, that is the hardest thing. We have so many new referrals for newly-diagnosed very young children that we just can’t provide services for at this point in time and our waiting list,” she said.
“Early intervention is shown … to be the most effective time and place for therapy, so a two-year-old has missed almost 12 months of this opportunity because they can’t access those services here on the Coast.
“To fill the current demand on our services, we’d probably need another full-time senior occupational therapist, a full-time senior psychologist and three to four full time speech pathologists.”
Kylie Martin of Chatter-Boxes speech therapy in Minyama and Baringa is buying an extra house to provide accommodation vital for securing her staff.
She hopes community leaders can work together to fix the accommodation problem.
“I reached out to certain politicians last year, highlighting this issue, and was asked to write a letter to Parliament to express my concerns, but there was no opportunity for conversation at that point in time,” she said.
“(I) … built this business over 20 years, but to see this business sustained further into the future, there needs to be conversation with grass-roots small business owners, who are the employers of local Sunshine Coast families, to try to work together to try to solve these problems.”
Both Sunshine Coast Council and Noosa Council have acknowledged the housing shortages and noted the need for collaboration to solve the problem.
“The current nation-wide housing crisis is a complex and multi-faceted issue,” a Sunshine Coast Council spokesperson told Sunshine Coast News recently.
“It is a situation that is difficult to quickly rectify, and all tiers of government – Local, State and Federal- as well as the private sector, including relevant industry associations and peak bodies, and the community housing sector need a plan to work together to effectively address the current situation.
“In terms of social housing shortages, the State Government funds just two per cent of the Sunshine Coast’s social and community housing, compared to the four per cent average in Queensland.
“That means social and community housing on the Sunshine Coast, in one of the fastest growing areas in the state, is only half of that state average.”
A plan to open up granny flats to tenants other than family members has been welcomed as an immediate measure to ease the current housing crisis – but the move also comes with a warning for homeowners and renters.
The State Government has recently encouraged homeowners to rent secondary dwellings for the next three years under emergency planning changes.
This is due to the widespread crisis that also is severely affecting Sunshine Coast workers and prospective employees who are unable to find affordable accommodation close to their workplaces.
In May this year, delegates told a Sunshine Coast Housing and Homelessness Network workshop to form an “action plan” for the housing crisis that the region’s situation was so “dire” that residents “across the board”, such as nurses, emergency workers and families, had nowhere to live.
The workshop highlighted that one of the quickest solutions would be to change local and state laws that govern who could reside in granny flats and tiny houses.
Changes made by the state government to the Planning Regulation 2017, in relation to secondary dwellings, took effect on September 26.
Deputy Premier and Minister for Planning Steven Miles said the changes, suggested by stakeholders at the recent Queensland Housing Roundtable, would remove current restrictions on who could live in secondary dwellings.
“Many homeowners have granny flats that they’ve built or converted for family members or teenagers who have since moved out,” Mr Miles said.
“Right now, most homeowners can’t rent secondary dwellings, such as granny flats, to anyone other than their immediate family.
“At the same time, some Queenslanders are sleeping in their cars or in tents.
“It just makes sense to allow existing accommodation to be occupied by someone other than a relative to provide more affordable accommodation for Queenslanders.
“It also allows homeowners to earn rent, helping them meet the increased cost of living.
“We can move people in to underutilised granny flats much more quickly than constructing new properties.”
Noosa Council’s Environment and Sustainable Development acting director Leo Jensen said the council and Member for Noosa Sandy Bolton had lobbied the state government for some time to review its previous stance that a secondary dwelling (granny flat) could only be occupied by a relative or close associate.
“So, we are very pleased this change has caught up with how people often use their secondary dwellings,” Mr Jensen said.
“Sometimes they are for family members but often they aren’t, and this change should provide more legitimacy and protection for both tenant and landlord.
“It should also help homeowners obtain a loan for construction and to be able to insure their property properly.”
Updated factsheets about secondary dwellings and dwelling houses to encompass the state’s changes would be released shortly, Mr Jensen said.
A spokesperson said Sunshine Coast Council also saw the announcement as a positive step to help address the current complex and nation-wide housing crisis.
“Sunshine Coast Council has been actively advocating for the state to amend the secondary dwelling and other associated definitions in preparation for our new planning scheme, and agrees it makes sense to allow secondary dwellings to be occupied by someone other than a relative,” the spokesperson said.
“In a letter sent to the Director General, Department of State Development, Infrastructure, Local Government and Planning in August 2022, council indicated that making this planning change quickly could have a significant positive effect and help alleviate some of the pressure for small dwellings being experienced in many locations across the state.”
The council spokesperson said a secondary dwelling was smaller in size and scale to the primary dwelling and shared common services such as water connection and meter, street number and letterbox, as well as vehicle access arrangements.
Updated information on how secondary dwellings can be used and developed will soon be available on the council’s website.
Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella said the plan demonstrated innovative thinking to find new ways to bring more housing to the market immediately.
“It opens up new avenues to housing that are certainly much better than seeing people in our community facing homelessness or living in cars, tents, and hotel rooms,” she said.
Changes to laws surrounding who can occupy granny flats is expected to immediately help ease the current housing crisis.
“Local governments will have a better understanding of the number of existing granny flats this change is likely to affect.
“However, with vacancy rates at sub-zero percent across most parts of Queensland, we need every available property we can find to come onto the market.”
But Ms Mercorella also warned that while she encouraged innovative solutions to housing availability, consumers needed to remain protected.
“We appreciate that sometimes red tape gets in the way of creative solutions, but equally, we don’t want to see a ‘free for all’ where there’s no regulation, leaving people vulnerable to being exploited,” she said.
“For example, we don’t want people to think they can suddenly use inappropriate structures such as garden sheds or garages and pass these off as granny flats.
“This change only applies to granny flats that previously could only be rented to immediate family, and removes this restriction. Development approvals will still need to be sought from local governments for newly constructed granny flats.”
Ms Mercorella said homeowners needed to do their research on potential tax implications of granny flat rentals, such as capital gains tax at the time of the sale.
Prospective tenants also should educate themselves about their rights are, and particularly, the need for written agreements.
She said the REIQ wanted the state government to provide a suggested template agreement for that purpose.
Mr Jensen said his council defined “granny flat” as a secondary dwelling that could be an attached part of a house or self-standing structure in the back yard (such as a prefabricated tiny home).
n example of a modern granny flat. Picture: The Shed House
The Noosa Plan 2020 applies a maximum floor area of 65sqm to secondary dwellings.
Subject to a number of conditions being met, Noosa’s planning scheme permits the construction of a secondary dwelling without requiring planning approval.
“The Planning legislation states that where there is a definition inconsistency between the Planning Regulation and a local planning scheme, the Regulation will prevail to the extent of the inconsistency,” Mr Jensen said.
“So, while council will endeavour to amend its planning scheme as soon as practical, it won’t delay the change taking place out in the community.”
