Norman Park property bought by couple looking to renovate

first_img32 Wynnum Rd, Norman Park.A professional couple wanting to live closer to Brisbane’s CBD have bought a three-storey Norman Park home for $1.95 million. Originally priced at $2.3 million, LJ Hooker Bulimba marketing agent Vicki Davis said the couple’s son and daughter-in-law owned an award-winning building design and interiors company at Woolloongabba and would be carrying out some renos to the home.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“The couple appreciate the home’s original features and charm and I am sure it will be a tasteful and sympathetic renovation which will no doubt further enhance the Brisbane riverfront,” Ms Davis said. 32 Wynnum Rd, Norman Park. The amazing views from 32 Wynnum Rd, Norman Park.There are dual-living options with two self-contained levels each including a kitchen, bathroom, bedroom and living space.Features include timber floors and VJ walls.The 405sq m property is a short walk to Norman Park Ferry terminal and close to schools and parks.last_img read more

Land valuations Queensland: Values soar in Brisbane

first_imgCatherine and Jason Young and their children, Sam (11) Alex (13) and Jack (14), are selling their home at Gumdale. Picutre: Jamie HansonLAND values have soared in some Brisbane suburbs with new figures revealing jumps of up to a third in a single year.The best results were recorded in the outer suburbs, with Gumdale, 14km east of the CBD, leading the charge.It chalked up the biggest increase in value for the Brisbane area of 30.1 per cent with its median land value now $475,000. Valuation maps, and how the process worksIt was followed by nearby Wakerley where values went up by 29.4 according to the latest Department of Natural Resources and Mines land valuation figures released on Wednesday.Hendra was the only suburb where land values dropped. It was down by 1.6 per cent to a median value of $610,000. BRISBANE WORKING CLASS SUBURB HITS RECORD HIGH There were 46 suburbs in Brisbane were valuations didn’t change at all.Property owner Catherine Young said it was fantastic news that Gumdale land values had increased.Mrs Young and husband Jason have listed their Boston Rd home for sale through Deborah Evans Properties RE/Max Results.They bought there almost nine years ago and have loved living in the area. Land values jumped up in Wakerley, where this home at86 Behan Crescent is listed for sale. Picture: realestate.com.auThey were first attracted by the size of the land, 1.01ha, and also how they could live on acreage so close to the Brisbane CBD.She said it was “fantastic news’’ to hear that land values had gone up in Gumdale particularly as they were selling now to pursue a business opportunity.“It has been a sound investment for us,’’ she said.“You still have the quaint old community of Gumdale, which is a really appealing environment to raise kids in.’’ BRISBANE SUBURBS LEADING THE CHARGE Ms Evans said it was hard to gauge how the local market was going based on just one figure for the suburb because the types of land there varied so drastically.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours agoShe said it ranged from small blocks of land to acreage with multi-million dollar homes on it.Ms Evans said there was often very little available for sale in Gumdale, properties were tightly held and those who lived there loved the “old fashioned’’ community feel of the suburb.Throughout the state the best performing suburb was Thornborough in Mareeba where land values increased by a whopping 466.7 per cent to $10,200 from a very low base of $1800. Tap here for all Queensland land valuations The Young family’s home at 570 Boston Rd, which is listed for sale. Picture: realestate.com.auThe worst performer was Roma where land values dropped 56 per cent to $66,000.Many local government areas recorded no increases in land values, particularly those associated with the resources sector including Mackay, Livingstone and Rockhampton.Valuations were released for 28 Queensland local government areas.Valuer-General Neil Bray said about 1.19 million landowners would receive new land valuations in the coming days.The valuations, which are used for local government rating, state land tax and state land rental purposes, take affect on June 30.Mr Bray said that, in the past 12 months, the Queensland property market had generally improved in the major urban centres as well as some of the farming areas in regional Queensland.Many suburbs associated with the resources industry did not fare well, particularly in Mackay, Blackwater, Gladstone, Roma and Miles.Value increases in Moreton Bay, Ipswich and Logan were “minor to moderate’’ he said.Anyone wishing to object to their land valuations has until May 8.Mr Bray said the results in the rural market reflected the “improved confidence’’ in those areas.“Continued high commodity prices within the beef industry and continued low interest rates are driving this confidence, even though the majority of the state remains drought declared,” he said.“Increases in rural values are generally occurring throughout the majority of local authorities being revalued across Queensland with sales across Croydon and Carpentaria shires and Balonne Shire Council having generally shown significant increases.’’last_img read more

This one Palmer home earns as much as the average worker

first_imgAnna Palmer, wife of Clive Palmer, has made some savvy property investments, with one of her homes able to earn her as much as the average worker. Picture: Adam Armstrong.ANNA Palmer has a neat money-spinner on her hands with this one property alone to rake in as much as the average worker. 6 King Arthurs Court Sovereign Islands Qld 4216 More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago6 King Arthurs Court Sovereign Islands Qld 4216She has a five-bedroom, four bathroom home at 6 King Arthurs Court, Paradise Point, up for rent at $1,500 a week, which if successfully rented could earn $78,000 a year.Ms Palmer bought the home in 2012 for $1.5 million.center_img 6 King Arthurs Court Sovereign Islands Qld 4216The home features ducted airconditioning, swimming pool, and sits by the water.The home has been put through “extensive renovations” according to the listing agent.“This property is being offered furnished, partly furnished or unfurnished.”Mrs Palmer has half a dozen properties under her name, most of which were rented out.last_img read more

Building approvals take a tumble

first_imgThe latest ABS data doesn’t look good for the building industry.The Australian Bureau of Statistics (ABS) has released its latest data on the Australian building sector — and it’s not pretty.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoAccording to the analysis, seasonally adjusted approval numbers for total dwellings fell 13.4 per cent in March after rising for two months.Not surprisingly, unit and other housing are bearing the brunt of the downturn with a seasonally adjusted fall of 22.5 per cent in the March result for private sector housing excluding dwellings.Detached housing fell by 4.3 per cent across the same measure.The seasonally adjusted estimate of the value of total buildings approved fell 15.5 per cent in March following a rise of 22.6 per cent in the previous month.On a state-by-state comparison of trend estimates, Queensland saw a rise in total building approvals of 0.5 per cent in March, second only to New South Wales which experienced a three per cent gain in their trend figures.last_img read more

Sydney buyer prompts highest sale price in two years

first_img55 Lather Rd Bellbowrie.Mr Shorrock said four buyers registered for the auction with a local buyer starting with a $900,000 bid.“The bidding from here was spirited and competitive from all four buyers battling it out at one stage or another,” Mr Shorrock said.“Two additional buyers who were not able to buy under auction terms were hoping the property would be passed in so they could have a crack at it but after 45 minutes of bidding and negotiations the property was eventually sold under the hammer,” he said.The property was on the market for only 23 days, with the Bellbowrie average being 69 days. 55 Lather Rd Bellbowrie is going up for auction 55 Lather Rd, BellbowrieA Bellbowrie property has sold under the hammer for the highest sale price in the suburb in more than two years.The May 20 auction of 55 Lather St, Bellbowrie saw the property sold for $1.35 million to a Sydney buyer.center_img More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 201955 Lather Rd Bellbowrie.RE/MAX — Profile Real Estate selling agent Mark Shorrock said the campaign reached more than 16,000 potential buyers, generated inquiries from 38 qualified buyers which resulted in 26 property inspections and four second inspections.last_img read more

At just under $2m, this gem creates a new benchmark in trendy suburb

first_img14 Arbour Street, Sherwood.A five-bedroom, four-bathroom home at Sherwood has sold for just under $2 million.The property at 14 Arbour St sold cash unconditional for $1,910,000 and broke the small lot record for the suburb by $485,000.The three-level home has an 11-car garage and features riverside glimpses.The property is on a 456sq m block of land.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 201914 Arbour Street, Sherwood.Ray White Sherwood selling agent Georgia Pevy marketed the property as having an abundance of natural light, air and a plethora of open yet defined spaces. Banks of floor-to-ceiling glass frame the lower level, feature views of the river, overlooking the in-ground pool and landscaped surrounds. 14 Arbour Street, Sherwood.Ms Pevy said the home had a palatial parent’s retreat with a full-sized walk-in wardrobe, a luxurious ensuite complete with exquisite floor-to-ceiling tiling, double vanity, stand-alone bath and a private balcony capturing river glimpses. The home is located on the high side of Sherwood.A billiard room and media room are other standout features of this stunning suburban home.last_img read more

China inherits a rail success story

first_imgAs China resumes sovereignty over Hong Kong on July 1 it inherits from the British a mix of profitable and efficient railways and a rolling programme of expansion. Tim Runnacles* reviews the latest position,T V Runnacles is a Hong Kong-based independent consultant who has been advising the MTR Corporation on its Airport Railway during the last four years, as well as undertaking assignments in South Africa, Kazakstan and Malaysia. He had previously worked in the Hong Kong government’s Transport Department for 15 years.WITH ITS ALMOST unrivalled urban population density, Hong Kong’s 6·4 million people rely heavily on public transport. Rail plays a significant role in this, with five systems controlled by four operators, ranging from the 1·4 km Peak Tram funicular to the 43·2 km network of the MTR Corporation (Table I). Further lines are under construction or planned, and with a buoyant economy and unexpectedly fast population growth, China’s new Special Administrative Region faces strong arguments for continuing expansion of the network.The foundation for the current expansion plans was the former Hong Kong government’s Railway Development Strategy published in December 1994 after several years of studies (RG 2.95 p83). Supplementing the previously-committed Airport Railway, the Strategy identified a package of ‘Priority A’ projects costed at HK$56bn which were scheduled for completion by 2001. These were:last_img read more