THE CONOR
CANNING TEAM
MEDIA PACK 0409 969 295
WWW.CONORCANNING.COM REAL ESTATE GUIDE
HOUSE OF THE WEEK
04 ‒ THURSDAY, APRIL
THE GAZETTE
6, 2017
Wow, a treat for the whole family
A
LUXURIOUS oasis enclosed by immaculate gate — and even your wilderness, this own duck airconditioning. pond.” size Ridgeway home familyis The house has a huge This executive home JARRAD property unlike many a floor others. plan at more than surrounded by a private is Ray White Hobart 400 square BEVAN acreage metres, property of bushland. including open-plan consultant Conor Canning living areas, Comfort Its indoor solar-heated described the house Plus pool as having windows, an ensuite can be accessed from true “wow factor”. and sliding walk-in wardrobes doors off a beautifully Mr Canning said the in the master bedroom, and appointed, open-plan respected builder who built the house to the owner a balcony kitchen highest with bush views. and living his “heart and soul” had put possible standard, into creating spacious space, or from the but has also A hidden gem is the this masterpiece property. master bedroom. made it warm and incredibly executive one-bedroom The kitchen features “We have had a huge family-friendly. unit located downstairs. granite benchtop and a amount of interest “You are located in It is state-offrom completely self-contained the-art appliances. right across Australia,” buyers wilderness, but it is pristine and he crazy to would be perfect for Highly energy-efficient, “While it’s obviously said. think this house is visitors or the just 10 to be used as a holiday house features a cutting-edge luxurious, I can’t think minutes from the Hobart of a accommodation. CBD,” better family 10kW solar system, he said. home as as well as With more than one an incredible pool, it features high-quality insulation. Mr Canning said the hectare multiple of land, off-street parking The temperature indoors living spaces and a homeowner was a wellwill beautiful never be a problem. will always be perfect, walking track outside the back There is also a 10m comfort controlled with the by ducted garage and workshop. x 10m
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onor Canning has made the exciting move to the award-winning Harcourts Hobart office. For up to date sales reporting head to RateConor.com.au Prior to joining Harcourts Conor Canning was named Top Performer Tasmania at a recent 2016/17 awards cementing his place as one of the most trusted, in-demand
consultants in the Real Estate industry. Conor prides himself on a tireless work ethic and putting his client’s needs at the forefront of everything he does. He is regularly called upon by local and national media outlets to comment on the state of the Hobart market. Conor has been able to maintain a 100% positive feedback on popular rating website ratemyagent.com.au through constant communication and world-class marketing. Conor is an experienced auctioneer and was chosen to represent Tasmania at the 2017 Australasian Auctioneering Competition in Adelaide. Conor is prolific on social media with thousands of followers on Facebook, Instagram, YouTube, LinkedIn and Twitter as well as his personal website www. conorcanning.com that he utilizes to
maximise exposure for his clients. When Conor is not selling property he can be found with his partner Alice looking after their 3 horses or running on Lauderdale beach with his dog Ollie. Conor supports a number of community events and charities as a member of the Hobart Town Lions Club and a major sponsor of the Metro Football Club. Prior to real estate Conor served in the Royal Australian Army as well as spending time as a journalist for a number of Tasmanian publications, having completed a degree in Journalism and International Relations at the University of Tasmania. Conor would be delighted to assist with any enquiry and looks forward to hearing from you. For more information and testimonials please visit www.conorcanning.com
04 ‒ THURSDAY, APRIL 6, 2017
Wow, a treat for the whole family A
LUXURIOUS oasis enclosed by immaculate wilderness, this familysize Ridgeway home is a property unlike many others. Ray White Hobart property consultant Conor Canning described the house as having true “wow factor”. Mr Canning said the owner built the house to the highest possible standard, but has also made it warm and incredibly family-friendly. “You are located in pristine wilderness, but it is crazy to think this house is just 10 minutes from the Hobart CBD,” he said. Mr Canning said the homeowner was a well-
JARRAD BEVAN
respected builder who had put his “heart and soul” into creating this masterpiece property. “We have had a huge amount of interest from buyers right across Australia,” he said. “While it’s obviously luxurious, I can’t think of a better family home as it features an incredible pool, multiple living spaces and a beautiful walking track outside the back
gate — and even your own duck pond.” This executive home is surrounded by a private acreage of bushland. Its indoor solar-heated pool can be accessed from sliding doors off a beautifully appointed, open-plan kitchen and living space, or from the spacious master bedroom. The kitchen features a granite benchtop and state-ofthe-art appliances. Highly energy-efficient, the house features a cutting-edge 10kW solar system, as well as high-quality insulation. The temperature indoors will always be perfect, with the comfort controlled by ducted
airconditioning. The house has a huge floor plan at more than 400 square metres, including open-plan living areas, Comfort Plus windows, an ensuite and walk-in wardrobes in the master bedroom, and a balcony with bush views. A hidden gem is the executive one-bedroom unit located downstairs. It is completely self-contained and would be perfect for visitors or to be used as a holiday accommodation. With more than one hectare of land, off-street parking will never be a problem. There is also a 10m x 10m garage and workshop.
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RIDGEWAY, 22-24 Hall Street
Expressions of interest
DETAILS CONCRETE BLOCK RENDERED, COLORBOND
5
3
4
House size/ 400sqm Land area/ 1.26ha Agent/ Ray White Hobart refer Conor Canning 6231 1350 realestate.com.au ID/ 124961006 OPEN HOME: Noon on Saturday
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HOT TOPIC
4 ONE 4.................................................................................. 29 Charlotte Peterswald....................................24, 25, 26, 27, 28 Crowther Richards ............................................................... 29 EIS Property Sales ...................................................... 16, 17, 18 Elders Brown & Banks...........................................................23 Fall Real Estate .......................... 38, 39, 40, 41, 42, 43, 44, 45 Harcourts ..................................................50, 51, 52, 53, 54, 55 Knight Frank ...................................................... 48, 49, 63, 64 Lennard McLure ....................................................................19 LJ Hooker ................................................................... 20, 21, 61 NAI Harcourts .......................................................................60 Nest Property ...................................................................14, 15 Paramount Business Brokers .............................................60 Petrusma Property ................................. 32, 33, 34, 35, 36, 37 PMM Real Estate ................................................................... 13 Raine & Horne..................................................................22, 62 Ripple ..................................................................................... 31 Roberts Real Estate.....................................................10, 11, 12 TPR Property Group............................................................. 30
NEW ADVENTURE: Jean Houston in the living room of her house.in Goulburn Street, West Hobart.
HOME IN ON SOME INNER-CITY BLISS
READ ALL ABOUT IT Snapshot ...................................................2 House of the week ...............................4, 5 Agent profile ............................................5 Open Homes ....................................58, 59 Commercial................... 60, 61, 62, 63, 64
JARRAD BEVAN
ADVERTISING
WHEN Jean Houston bought her Goulburn Street home 18 years ago, she knew instantly that it would be perfect for her. She walked in, checked it out, and bought it straight away. Jean said it was the quality of the home that jumped out at her. Her former husband had worked in the construction industry, and a thing or two about high-quality building had rubbed off on her sense of aesthetics. “The house was designed and built by an architect, Barry McNeill, and you can see 20 years later that it has not dated at all,” Jean said. “It does not have a typical look. It’s appealingly unusual, pretty and full of light.” This three-bedroom inner-city home features an open kitchen, living and dining space with wonderful tall benches in the kitchen. There is also a north-facing deck.
Real Estate Advertising Sales & Enquiries: Kristy Scott Phone: 62 300 769 Email kristy.scott@news.com.au
EDITORIAL Email: DBLPropertyEditorial@dbl.newsltd.com.au Day Editor: David Fleming Ph: 03 62 300 701 Editorial Co-ordinator: Jarrad Bevan Ph: 03 62 300 747 Email: jarrad.bevan@news.com.au Published by Davies Brothers Pty Limited, 2 Salamanca Sq, Hobart, Tasmania 7000.
Internet ID numbers included in advertisements link
SNAPSHOT TASMANIA SALES
The high ceilings with exposed beams make a dramatic statement. In the master bedroom there is heaps of space, glass doors opening to a private veranda, copious storage, and access to the main bathroom with a spa. Upstairs there is another bedroom with water and city views and an ensuite. At the rear of the home there is an L-shaped office, study or third bedroom. Under the house there is a double garage, a great bonus in a city address such as this. Jean said an ideal buyer for her house might be a professional couple looking for a city lifestyle in a fairly quiet neighbourhood. “I am optimistic that the right buyer will come along and that I will find my new home, too,” she said. “I am looking forward to my next adventure, whatever that might be. “If I sell the house but can’t find somewhere new in Hobart, maybe I’ll rent in Melbourne and indulge in its
art scene.” No. 174 Goulburn Street in West Hobart is listed at “Offers over $750,000”. It is listed with Harcourts Hobart. Harcourts property representative Conor Canning said he has had a huge amount of interest from interstate buyers, who “absolutely love the Japanese-inspired architecture” and, of course, the lifestyle that West Hobart has to offer. “It’s a pleasure to show because there is so much natural light, and the attention to detail in the design is amazing,” he said. The property will be open for inspection on from 4.15-4.45pm on Saturday. The latest CoreLogic figures shows West Hobart placed in the top 10 for Tasmania’s highest median prices at $650,000 in the 12 months to November last year. The suburb’s median grew by about 12 per cent in that time. On average, West Hobart houses sold in seven days on the market.
MEDIAN PRICES HOUSES / $440,000 UNITS / $326,000
ON THE MARKET
TOP TEN SALES
Picture: ROGER LOVELL
TOP PRICE
NUMBER OF PROPERTIES
1 7 Fehre Court, Sandy Bay
$940,000
$0-$299,999
Houses
1,569
$940,000 7 Fehre Court, Sandy Bay
2 3 Hillside Crescent, West Hobart
$900,000
$0-$299,999
Units
3 20 Recreation Street, Kingston Beach
$885,000
$300,000-$499,999
Houses
4 35 Eurella Street, Kings Meadows
$855,000
$300,000-$499,999
Units
116
5 15 Lauramont Avenue, Sandy Bay
$851,000
$500,000-$699,999
Houses
503
$310,000
6 2 Roebourne Road, Otago
$815,000
$500,000-$699,999
Units
19
65 Quinlan Crescent, Shearwater
7 200a Nelson Road, Mount Nelson
$778,000
$700,000-$999,999
Houses
8 76 Queen Street, Sandy Bay
$768,000
$700,000-$999,999
Units
9 1640 Bishopsbourne Road, Longford
$760,000
$1million+
Houses
10 5 Lakeview Court, Blackstone Heights
$730,000
$1million+
Units
368 1227
MEDIAN
209 6 45 3
BARGAIN
$15,000 18 Richards Street, Lefroy
SOLD: 3 Hillside Street, West Hobart.
PRIVATE TREATY
4529
LAST WEEK 4516
AUCTIONS
45
LAST WEEK 44
NEW LISTINGS
286
GENERAL TIME ON MARKET
30
DAYS
3
IT’S HAMMER TIME: There is plenty of interest in Hobart properties from local and interstate buyers, says Harcourts Hobart property representative Conor Canning, inset.
WHAT A CAPITAL IDEA Hobart is still Australia’s most affordable capital city, but the gap between it and Darwin and Adelaide is shrinking, writes Jarrad Bevan HOBART’S median dwelling price is climbing closer and closer to those in Darwin and Adelaide — Australia’s next most affordable capital cities. If the southernmost capital’s home value growth continues this year, Hobart might lose its grip on the title of Australia’s most affordable city. For the past eight months in a row, Hobart homes have led the nation for the percentage of growth in median prices. What was once a shock — seeing large Hobart growth figures sitting alongside those in Sydney and Melbourne — has become the norm. Last week CoreLogic released its
monthly Home Value Index, which reported annual growth of 13 per cent in Hobart. The next highest figure was Melbourne at 5.3 per cent. Clearly this level of activity is pushing Hobart’s median price upwards. CoreLogic’s March report put Hobart’s median dwelling price at $423,468, Darwin’s at $429,048 and Adelaide’s median at $434,629. That is a difference of only $5580 between Hobart and Darwin, and $11,161 between Hobart and Adelaide. Hobart’s percentage of annual growth was 13 per cent, Adelaide’s 1.7 per cent,
and Darwin recorded a negative result of -7.5 per cent. At this time last year the gap between the cities was much larger. Hobart’s median dwelling price was $355,000, Darwin’s $490,000 and Adelaide’s $439,000. Harcourts Hobart property representative and auctioneer Conor Canning said the Tassie market was showing no signs of slowing down. “Hobart continues to lead the rest of Australia in capital growth, and I believe we have still got a long way to go,” he said. “If the current trend of growth continues, it’s not unthinkable for Hobart
to be keeping pace with larger capital cities like Adelaide. “I’m still fielding huge amounts of inquiries from local and interstate buyers. “I think buyers still see huge potential in Hobart because we’re Australia’s most affordable capital city. “The economy is showing great signs and, most importantly, Hobart offers an unmatched lifestyle.” Conor said his advice for buyers looking to get into the market was to register their details with agents. “We are still selling several properties each month prior to advertising,” he said.
Here we are . Harcourts Hobart. 32 - 34 SANDY BAY ROAD I HOBART I TASMANIA - (03) 6220 9100 V1 - MERE01Z01RE
MER REAL ESTATE GUIDE, Thursday, April 12, 2018
03
2
INDEX
PERFECT COMBINATION
4 ONE 4..................................................................................40 Charlotte Peterswald........................................................... 39 Crowther Richards ............................................................... 38 Edwards Windsor ................................................................. 47 EIS Property Sales .................................................................33 Elders Brown & Banks.......................................................... 29 Fall Real Estate ...............................16, 17, 18, 19, 20, 21, 22, 23 Harcourts .............................................................8, 9, 10, 11, 12 Knight Frank ....................................................... 30, 31, 47, 48 LJ Hooker ...................................................................14, 41, 46 McDevitt Property ................................................................ 13 Moanes Northside Realty.....................................................32 Nest Property ..................................................................36, 37 Petrusma Property .............................................24, 25, 26, 27 PMM .........................................................................................7 PRD Nationwide ..................................................................... 6 Raine & Horne.................................................................. 15, 35 Ripple Realty ........................................................................ 28 Roberts Real Estate.............................................................. 42 View Tasmania ......................................................................14
READ ALL ABOUT IT Snapshot ...................................................2 House of the week ...............................4, 5 Agent profile ............................................5 Open Homes ....................................44, 45 Commercial................................46, 47, 48
Deanne West’s home at New Town, which was built in 1905, combines period charm with contemporary conveniences.
LOVE AT FIRST SIGHT JARRAD BEVAN
ADVERTISING
WHEN Deanne West moved into her period property in New Town six years ago, two things jumped out at her. “I loved its welcoming feel,” she said. “It is also incredibly light, which people don’t often think of straight away for older homes.” Deanne’s three-bedroom, two-bathroom 1905-built home is full of the character of the times. It has high ceilings, charming fireplaces and timber floors. It is also a contemporary home with a sparkling kitchen, a built-in indoor-outdoor speaker system, and double-glazed windows. That last feature is key. While people might assume any home sitting on any main road would have to endure loud traffic noise, Deanne’s house is quiet from the front room to the outdoor entertaining space at the rear.
Real Estate Advertising Sales & Enquiries: Andrea Drury Phone: 62 300 528 Email andrea.drury@news.com.au
EDITORIAL Email: DBLPropertyEditorial@dbl.newsltd.com.au Day Editor: David Fleming Ph: 03 62 300 701 Editorial Co-ordinator: Jarrad Bevan Ph: 03 62 300 747 Email: jarrad.bevan@news.com.au Published by Davies Brothers Pty Limited, 2 Salamanca Sq, Hobart, Tasmania 7000.
Internet ID numbers included in advertisements link
SNAPSHOT HOBART MERCURY SALES
ON THE MARKET
TOP TEN SALES
NUMBER OF PROPERTIES
“With the double-brick walls and the double-glazing in the front room, the traffic sound is minute,” she said. While people sell properties for any number of reasons, Deanne’s is a little different to the norm. She is a registered nurse who is also studying pharmacy. “I am hoping that selling the house and downsizing will mean I can study full-time, which is exciting,” Deanne said. “If I was not studying, I wouldn’t want to sell. This house and the neighbourhood are fantastic. “I think I will miss having so much space. And the location is so convenient. “This house has been a lovely place to live for my daughter and I.” Harcourts Hobart property representative Conor Canning said this property offered the perfect combination of heritage charm and modern luxury. He said the floor plan was highly functional, perfect for modern
TOP PRICE
$1,471,000
$0-$299,999
Houses
$880,000
$0-$299,999
Units
3 152 Duponts Road, Lymington
$850,000
$300,000-$499,999
Houses
4 5 Scott Street, Glebe
$810,000
$300,000-$499,999
Units
142
5 21 Denison Grove, West Launceston
$750,000
$500,000-$699,999
Houses
516
$306,000
6 3/9 Lincoln Street, Sandy Bay
$742,500
$500,000-$699,999
Units
25
7 Copes Road, Riana
7 1 Meath Avenue, Taroona
$730,000
$700,000-$999,999
Houses
$720,000
$700,000-$999,999
Units
$720,000
$1million+
Houses
10 167 Pottery Road, Lenah Valley
$665,500
$1million+
Units
PRIVATE TREATY
4266
LAST WEEK 4354
AUCTIONS
33
LAST WEEK 31
OPEN HOME: 11.30am-noon on Saturday.
$1,471,000
2 446 Churchill Avenue, Sandy Bay
8 14 Lyttleton Street, Longford
No.165 New Town Road is listed with Harcourts with the price “by negotiation” between $730,000 and $760,000. realestate.com.au ID: 128202262
MEDIAN PRICES HOUSES / $430,500 UNITS / $360,000
1 4 Binney Court, Sandy Bay
9 34 Suncoast Drive, Blackmans Bay
families or an executive couple who love to entertain. “I definitely see New Town fast becoming Hobart’s most desirable suburb with its beautiful character homes, wonderful schools and proximity to restaurants and shopping,” Conor said. The latest CoreLogic figures show a 20.8 per cent increase in the median New Town house price and 15.9 per cent growth for units in the 12 months to the end of January. In that time New Town houses sold in nine days on the market, and units took an average of 12 days. The website realestate.com.au shows 36 New Town homes have been sold in 2018. There are currently less than 20 listed for sale.
1,418
4 Binney Court, Sandy Bay
285 1170
216 4 55 4
NEW LISTINGS
MEDIAN
BARGAIN
$40,000 1 Murchison Street, Rosebery
315
SOLD: 4 Binney Court, Sandy Bay (Knight Frank).
GENERAL TIME ON MARKET
29
DAYS
THURSDAY, NOVEMBER 3, 2016 ‒ 03
SNAPSHOT HOBART
MEDIAN PRICES HOUSES / $350,000 UNITS / $274,000
SALES
ON THE MARKET
TOP TEN SALES
NUMBER OF PROPERTIES
1 5/82 Sandy Bay Rd, Battery Point
$780,000
$0-$299,999
Houses
TOP PRICE
2,450
$780,000 5/82 Sandy Bay Rd, Battery Point
2 132 Cascade Rd, South Hobart
$680,000
$0-$299,999
Units
3 47 Karoola Rd, Lindisfarne
$623,000
$300,000-$499,999
Houses
4 13 Timbertop Dr, Blackmans Bay
$605,000
$300,000-$499,999
Units
131
5 11 Raminea Rd, Lindisfarne
$585,000
$500,000-$699,999
Houses
484
$278,000
6 23 Suncoast Dr, Blackmans Bay
$577,500
$500,000-$699,999
Units
22
2/6 Stratton Av, Lenah Valley
7 3/38 Bayfield St, Bellerive
$570,000
$700,000-$999,999
Houses
8 15 Alexander St, Sandy Bay
$565,000
$700,000-$999,999
Units
9 35 Seddon St, Austins Ferry
$510,000
$1million+
Houses
$480,000
$1million+
Units
10 85 Southgate Dr, Kings Meadows
PRIVATE TREATY
6094
LAST WEEK 6063
AUCTIONS
57
LAST WEEK 53
555 1657
NEW LISTING
3
MEDIAN
182 6 50 3
NEW LISTINGS
1
1
Roberts Real Estate refer George Self 6223 3577 realestate.com.au ID: 123852434
BARGAIN
A DELIGHTFUL residence in an equally delightful and unique setting, this beautiful home is nestled on sloping land with stunning valley views. This impeccably presented home offers a lifestyle of serenity.
$25,000 Lot 4 Hill St, Geeveston
256
Offers over $420,000 95 VOSS ROAD, HUONVILLE
GENERAL TIME ON MARKET
44
DAYS
To the Manor drawn JARRAD BEVAN
T
ASMANIA’S property market has ticked over the 6150 sales mark for the year and is marching strongly towards a strong 2016, despite issues with a shortage of stock. CoreLogic RP Data records showed the biggest recent sale at the top end of town was waterfront stunner Ellington Manor for a price heading towards the $2 million mark. Ray White Southern Tasmania property consultant Conor Canning said it was a privilege to sell such a distinguished property on such a highly regarded street. “We experienced a huge amount of inquiry, from local buyers and interstate purchasers looking to relocate,” he said. “It has been a cherished family home for the owners, so I’m glad we could achieve such a wonderful result.” Other notable sales across the state include 17 High Street in East Launceston, which fetched $1.2 million, and 10 Wyllies Road, Riana, for $950,000. The cheapest sale was a 6ha block at West Kentish overlooking Lake Barrington for not quite $11,000. A new listing that historic architecture fans will want to be quick to inspect is 12 Aberdeen Street in the Hobart suburb of Glebe. This grand old Victorian Gothic lady was built in 1885 and designed by noted architect Henry Hunter. Another majestic home to recently hit the market is 3 Lasswade Avenue, Sandy Bay, an early 1900s Queen Anne Federation home that was once the Florence Nightingale Home for Nurses in the 1930s.
TOP OF THE LIST: Ellington Manor in Sandy Bay sold recently for a price approaching the $2 million mark. The stock shortage this year has had a range of effects — from high prices to low numbers of days on the market. Another to keep an eye on will be land sales if people start to choose building over buying. Alongside Glebe Hill on the Eastern Shore, Vineyard Estate received a ton of interest when Stage 2 hit the market. Knight Frank senior residential sales consultant Rorie Auld said they
sold two-thirds of the blocks at a lightning pace. “Twelve of the 18 Stage 2 blocks sold in about a week,” he said. “There were a couple of developers, but mostly the sales were to twentysomethings looking to buy now and save some more money for 18 months until the titles are issued. It is a sensible way to get on the property ladder.” There is nothing better for an agent than achieving a sensational result for
their client, and Nest’s Todd Pepper managed exactly that at the weekend. Although the best offer for a property at Kandos Drive, Otago, was $440,000 15 months ago, Mr Pepper recently priced it at $550,000 and within five days he sold it for $605,000. “When I rang the owner to tell him I think he was so thrilled he nearly fell off his feet,” Mr Pepper said. Red-hot West Hobart has been the home of some of Tassie’s fastest sales
THE FACE OF HOBART REAL ESTATE CALL 0409 969 295 Conor Canning I 0409 969 295 Property Consultant & Auctioneer Harcourts Hobart 32-34 Sandy Bay Road, Hobart (03) 6220 9100 I www.hobart.harcourts.com.au
this year, none quicker than one in Newdegate Street that Fall Real Estate agent Shirley Baldwin listed and sold on the same day. “West and North Hobart are in great demand and I now have many people on my database and they still need to decide quickly or risk missing out,” she said. In the past week more than 250 new listings were recorded statewide by CoreLogic RP Data. Kingston and Kingston Beach combine for 88 dwellings on the market, while northern suburbs Claremont and Glenorchy offered buyers 76 and 70 options apiece. On the Eastern Shore, fast-moving Howrah had a stich over 40 properties on the market. New Norfolk in the Derwent Valley has 55 houses and 11 unit listings. Tasmania is traditionally not an auction-driven marketplace, but there are 10 planned for this week, mostly houses but a few blocks of land, primarily in the South.
SATURDAY, DECEMBER 2, 2017 ‒ 07
NEWSFRONT
Scientists take new shot at pain relief LUCIE VAN DEN BERG AUSTRALIAN scientists are developing new ways to block pain by re-engineering drugs to hit targets inside the nerve cells in the spine. New, potent and long lasting pain relief medications are desperately needed to help the estimated 20 per cent of Australians suffering chronic pain. “There is currently an opioid epidemic,” Nicholas Veldhuis, of the Australian Research Council Centre for Bio-Nano Science, said. “These painkillers have problematic side-effects, such as addiction and tolerance, so we need to develop new drugs to relieve pain.” Research internationally and in Melbourne is helping to achieve this ambitious goal. When people experience pain, for instance touching a hot stove, chemical messengers called neurotransmitters send pain signals to the spine and the brain. They “talk” to tiny receptors sitting on the surface of nerve cells in the spine waiting to receive messages. Traditional pain drugs target these receptors, but Dr Veldhuis said scientists discovered when these receptors received information at the cell’s surface, some of them actually moved into the inner chambers of the nerve cell. This manoeuvre may help them evade current pain relief medication. Together with collaborations at Columbia University and the Monash Biomedicine Discovery Institute, the team is developing new types of drugs and re-engineering existing ones to go inside the nerve cell. The aim is for the drug to stop the receptors from telling the brain about the pain. While still in early preclinical and animals studies, Dr Veldhuis said their preliminary studies indicated this approach was effective.
Hobart homes king of property growth
BE READY TO GO: Kate Hyland and Luke Walker bought their new home at Lutana before it was advertised. Picture: ROGER LOVELL HOBART has continued its reign as the king of capital gains by charting number one in the country for home value growth again. It is the fourth month in a row that the percentage of growth in Hobart was larger than any other capital city, according to CoreLogic’s latest Home Value Index. Hobart had a positive change in dwelling values of 3.3 per cent for the quarter to November 30, with the next best result Melbourne’s 1.9 per cent growth.
JARRAD BEVAN The turnaround in Sydney is becoming more pronounced — it was the only city alongside Darwin to record negative growth, the report said. Hobart’s figures for November showed 0.6 per cent growth, slightly ahead of Melbourne at 0.5 per cent. CoreLogic head of research
Tim Lawless said Hobart’s housing market had been the strongest in the country this year, with values increasing 11.5 per cent. He said low inventory levels against a backdrop of rising demand were key drivers in the Hobart market. “Advertised stock is 36.3 per cent lower than a year ago,” he said. Ray White Hobart property representative and auctioneer Conor Canning said greater Hobart had had a “huge amount” of growth in the past
12 months. “In my opinion, 2018 is going to see even hotter sale prices due to a shortage of property hitting the market,” he said. “My advice to buyers is to get in touch and register your buying requirements. “I’ve sold four properties this month ... prior to houses being advertised for sale.” Kate Hyland and Luke Walker, both 27, bought their first home at Lutana before it was advertised. The couple said they felt lucky to have bought their
home after just four months of house hunting, considering many of their friends took a year to buy a home. Ms Hyland said with the market running hot, people felt like they now had to put in an unconditional offer to even be considered for buying a property. She said while doing thorough research was invaluable, they had also learned that to buy in Hobart “you have to be ready to put in an offer on the same day that you inspect a house”.
New Enrolments for 2018 and Course Adjustments Students who are out-of-area or from non-associated schools are warmly invited to enrol Tuesday 5 December 4.00 - 7.00pm Enquiries: 6220 3133
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THEMERCURY.COM.AU SUNDAY JUNE 25 2017
Hobart sellers find gaining on property easier than ever
Profits safe as houses JARRAD BEVAN
HOME owners in Hobart, Kingborough and Clarence have the best chance of making a profit when selling their home, new data shows. CoreLogic RP Data’s March Quarter Pain and Gain report found those Greater Hobart council areas had the lowest proportion of loss-making sales when comparing a property’s most recent sale figure to its previous sale price. Over the past quarter, just 2 per cent of Hobart properties re-sold at a loss. This fig-
JUNE 22-28,
Island in the dream
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PROPERTY GUIDE EVERY THURSDAY 4-5
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ure is down from 4 per cent at the same time last year. In Kingborough, only 2.7 per cent of resales were lossmaking and in Clarence the
figure was 3.9 per cent. In the same quarter last year they were at 7 per cent in Kingborough and 8.6 per cent in Clarence. In Glenorchy this quarter, loss-making sales were in single digits with just 5.4 per cent sold without a profit. Further out of the city the figures rise to 14.3 per cent in the Derwent Valley, 6.1 per cent in the Sorell municipality and 10.9 per cent in Brighton. Each was considerably smaller than what was recorded this time last year. CoreLogic analyst Camer-
on Kusher said the promising news for Greater Hobart was that the instances of resales at a loss were falling. He said while capital growth in Hobart was picking up there was still very little stock for sale. “If anything, we are going to continue to see the proportion of loss-making sales fall further in the coming quarters because we know that Hobart is rising in popularity,” he said. “There is not much stock, there is a lot of people wanting to buy and these fundamentals are driving the
market,” Mr Kusher said. Real Estate Institute of Tasmania president Tony Collidge believes most people who bought property in Tasmania over the past two years would not sell at a loss given the improvement in the market. “However, there is an increased probability that losses would occur for people selling in areas outside of Hobart, Clarence, and Kingborough for those that purchased after 2008 and before 2016,” he said. Mr Collidge said the recent strength of the residential real estate market in Hobart
ranks it as one of the nation’s best markets. He said the inner municipalities were continuing to surge with strong buyer and rental demand. “These regions have exceeded previous market highs of seven years ago and are now forging new ceilings,” he said. CoreLogic’s report showed median losses varied from $9000 in Glenorchy to $146,250 in Hobart. Median profits, in contrast, ranged from $45,000 in Brighton up to $183,500 in Hobart.
Auctioneers ready to hammer their rivals JARRAD BEVAN THREE Hobart real estate agents are taking the state’s North-South rivalry to the auctioneers’ arena. John McGregor (Nest Property), Conor Canning (Ray White Hobart) and Paul Farrelly (First National McGregor) will be competing at the Real Estate Institute of Tasmania’s auctioneering competition in Launceston on Wednesday. They will be up against each other and two agents from the North — Mark Hurley and Andrew de Bomford. Mr McGregor said an important part of the competition was showmanship. “We get marked heavily on the seduction as well as things like the transition into the bidding sequence and how you close your auction,” he said. Each agent will be “selling” the same property, but they will have the space to build their own story to try to impress the judges. Mr Canning said the three Hobart agents were experienced in live auctions. “However, there is a special intensity created by it being a competition in front of a large crowd,” he said. SHOWMEN: Auctioneers Paul Farrelly, left, Conor Canning and John McGregor are flying the flag for the South against the North’s best.
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that linking thoughts of your spouse with something cute could improve feelings. “One ultimate source of our feelings about our relationships can be reduced to how we associate our partners with positive affect, and those associations can come from our partners but also from unrelated things, like puppies and bunnies,” researcher Dr James McNulty said.
Hobart Repertory Theatre Society proudly presents
a comedy of manners, without the manners by arrangement with Origin Theatrical, on behalf of Samuel French ltd
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CARNAGE 14 - 29 July
Bookings ph 6234 5998 or centertainment.com.au
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See inside for your lift-out of the Tasmanian Architecture Award Winners
Picture: ROGER LOVELL
Sandy Bay
MEDIAN PROPERTY PRICE
What’s not to love? It has beautiful beaches, fantastic bush tracks, some of the state’s best schools, the University of Tasmania, and plenty of shopping and restaurants — no wonder Sandy Bay properties are snapped up so quickly, writes Jarrad Bevan
S
ANDY Bay is one of Hobart’s premium property markets. Its median price is in the top three statewide, and the suburb is top five for the
largest number of sales in the past 12 months, says CoreLogic statistics. Ray White Southern Tasmania senior sales consultant and auctioneer Conor Canning said that, above everything else, it was the lifestyle that Sandy Bay affords that makes it so desirable. Conor said Sandy Bay is home to some of the best schools in the state, alongside the university campus, the beach, art galleries, quality restaurants … the list goes on. “You’re so close to the city, but in many cases still have wonderful bush and mountain surrounds, not to mention the proximity to the beach, which makes it a wonderful family suburb,” he said. Conor said Sandy Bay had long been one of Tasmania’s most popular suburbs. “We anticipate sales prices will continue to see steady growth over the next five years off the back of strong interstate interest and Chinese investment,” he said. “In Sandy Bay people could expect to be looking at $580,000-plus for an entry-level three-bedroom home, right up to several million dollars for executive homes.” The growth in home values has been huge in Sandy Bay in recent years. For houses, the current median price is $781,125, which is up by more than 15 per cent in the past year, up 33 per cent in the past three years, and up by 20 per cent compared with five years ago. Being so close to the university, Sandy Bay
also has a strong unit market, with a median price now at $400,000, which is up by 13 per cent over the past 12 months. On average Sandy Bay houses sell in just 17 days, and only 24 days for units. With its position right on the water, Sandy Bay is home to sensational River Derwent views. Alongside older properties and small properties, there are some very high-end homes taking advantage of this suburb’s superb location. It is no coincidence that many of the largest property sales of the past year have been in this suburb. Sandy Bay also boasts a retail hub, restaurants and cafes, numerous parks and a yacht club. Conor said house-hunting in Sandy Bay might be daunting for buyers in the current market climate. “My advice is to get in touch and make sure you’re registered on Ray White Hobart’s buyer database,” he said. “We make sure you are aware of an upcoming property before it is advertised so you can be in the best position to make an offer when it hits the market.”
HOUSE $781,125
BUY
UNIT $400,000
$490
RENT
$330
CAPITAL GROWTH Change in median sale price in: Past 3 months..................................................4.2% 12 months.........................................................15.7% 3 years..............................................................33.3% 5 years.............................................................20.2% 10 years..............................................................3.9%
DEMOGRAPHICS Average household income per week
$1279 Median age
40 17/24
Average days on market DIVE RIGHT IN: The beautiful riverside suburb of Sandy Bay offers some great beaches, including the very popular Long Beach with its floating pontoon. INSET: Sandy Bay as seen from Battery Point. Main picture: SAM ROSEWARNE
Source: CoreLogic RP Data
THEFACE FACEOF OFHOBART HOBART REAL ESTATE THE REAL ESTATE CALL0409 0409969 969 295 CALL 295 Conor Canning I 0409 969 295 Property Consultant & Auctioneer Harcourts Hobart 32-34 Sandy Bay Road, Hobart (03) 6220 9100 I www.hobart.harcourts.com.au
(03)6231 1350 251 Elizabeth Street, North Hobart 48
HOBART MERCURY / SUNDAY TASMANIAN, Wednesday, April 5, 2017
MERE01Z01FC - V1
SATURDAY, JULY 7, 2018 ‒ 03
NEWSFRONT
T HOBAR ST THE MO D WANTE
Clicking into place
HIGH DEMAND HOUSES:
North Hobart, West Hobart
APARTMENTS:
Hobart, Sandy Bay Source: realestate.com.au
THRILLED: Ned Worledge and Kate Mudge, with Barney the dog, sold their Lutana home for a profit, which allowed them to buy a home in Howrah.
JARRAD BEVAN Real Estate Editor HOBART home listings attract thousands more clicks online than any other city, as homeowners battle to find the best properties in Tasmania. Released today, the realestate.com.au July Property Outlook report showed in the past three months Hobart home listings averaged 4399 page views each, far exceeding 2185 in Melbourne, 1631 in Sydney or Darwin with the smallest figure of 491. Compared year on year, Hobart’s listing views have
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grown by 38.6 per cent, making it the most in demand city by far on the property website. The report noted affordability, jobs growth and “very little development” were factors in Hobart’s rising home prices. Realestate.com.au chief economist Nerida Conisbee said Tasmania was booming and “Hobart continues to be red hot”. She said inner Hobart was the place most buyers want to be, with West Hobart and North Hobart the most in demand for houses. Hobart and Sandy Bay top the list for apartments, Ms Conisbee said.
“Strong conditions have also spread to Launceston and Devonport and these cities have seen increases in demand of more than 45 per cent,” she said. Ms Conisbee said while strong pricing was good news for some, it had created challenges in Hobart. She said affordability was dropping and it was starting to become problematic for first home buyers. “Hobart needs more housing to accommodate its growth, a challenge for a city that is accustomed to very little traffic, low levels of congestion
and limited apartment development,” she said. Homeowners Ned Worledge and Kate Mudge described their recent experience in Hobart’s property market as “head spinning”. The couple sold a two-bedroom 1940s-built Lutana home within five days of it hitting the market — and at an excellent price. Ms Mudge, 27, said they received three offers before their first — and only — open home. Mr Worledge, 28, added that about 100 people had inspected the house. Ms Mudge said selling their
house “in a heartbeat” had allowed them to upgrade to a larger home. “You hear the horror stories, but we were very lucky that everything worked out amazingly well,” she said. Mr Worledge said while he was thrilled with the result, he felt a little bad that it all went so smoothly for them when others were struggling. “I know people that have given up trying to buy a home,” he said. “They are tired of searching, attending open homes and putting in offers only to miss out over and over again.”
Picture: MATT THOMPSON
Harcourts Hobart agent Conor Canning said winter had not slowed the Greater Hobart market at all. “It’s no surprise to me that we have got high demand and some of the lowest days on market in the nation,” he said. “I’ve been blown away by the level of buyer inquiry from local and interstate purchasers. “Many of our best buyers currently are those relocating from Melbourne and Sydney seeking a more affordable and relaxed lifestyle. Winter has been a fantastic time to sell with the scarcity of properties for sale driving prices higher.”
We’re used to seeing Sydney and Melbourne in the list of the top 50 cities whose property prices have risen the most in the world, but the latest Australian newcomer has shocked many. Humble Hobart, which was languishing at number 77 in the Knight Frank Global Residential Cities Index last year, has suddenly leapt this year to the 34th spot, only 11 places behind Sydney and 10 behind Melbourne, with price growth of 11.3 per cent. “That is a surprise,” says AMP Capital chief economist Dr Shane Oliver. “But we have been seeing stronger price growth in Hobart in recent times, starting to catch up but still with a long way to go. “With high prices in Sydney and Melbourne, people have started looking around for better value elsewhere to live or buy an investment property and Hobart is well-priced and rental yields on, say, three-bedroom houses, are a lot higher – 5.1 per cent compared to Sydney’s 2.8 per cent and Melbourne’s 2.6 per cent.” The latest report from the independent global property consultancy Knight Frank tracked the performance of mainstream house prices across 150 cities worldwide up to the end of the first quarter of 2017. Its average increase for the year was 6.9 per cent. It found the top rankings to be still dominated by Chinese cities, with Toronto and Hamilton in Canada coming in at numbers four and seven. The best performing city in Australasia was Wellington in New Zealand, at number 11, with a rise of 20.6 per cent over
the year to March 2017. Sydney came 23rd with rises of 14.4 per cent, Melbourne 24th with 13.4 per cent, and the Tasmanian capital only ten rungs behind. Knight Frank’s head of residential research for Australia, Michelle Ciesielski, says Hobart prices improved partly as a result of people from Sydney and Melbourne looking for more affordable alternatives in the property market. “As buyers have become priced out of Sydney and Melbourne, as investors or owner-occupiers, they’re looking towards markets with lower entry prices and betterreturning yields,” she says. “Hobart houses and apartments both fall into these categories when compared to other cities across Australia.” Hobart’s median house price is still below $400,000, according to Domain Group chief economist Dr Andrew Wilson, as against Melbourne’s approaching $900,000 and Sydney’s at just below $1.2 million. “Hobart has been a very good performer over the past year as there’s been a strong movement of people from Melbourne and Sydney down to Hobart,” he says. “The affordability of Hobart has been a key driver of that and, while Tasmanian previously had the worst unemployment of all the capital cities, which has kept price growth subdued, that’s recently improved too.” In Hobart itself, most real estate agents are delighted at how highly they’re now ranking, but say they’re not surprised at all. “The market is going exceptionally well at the moment,” says Gary Cooley of LJ Hooker
Hobart. “There’s a lot of confidence in the state now which is boosting activity and there are a lot of people coming down here to buy, and there’s a real shortage of properties and high rental returns.” He’s currently selling a good-quality three-bedroom home at 9 Walana Street in Hobart’s Geilston Bay for offers over $425,000. Similarly, Ray White Hobart agent Conor Canning is selling a three-bedroom wilderness retreat at South Hobart’s 10 Old Farm Road, seven minutes from the CBD, for mid-$300,000. “We’re flat out,” he says. “We’ve got quite a lot of people from Melbourne and Sydney relocating here as for a standard threebedroom house there, you can buy something incredible here – either a lifestyle property or one in a trendy suburb – with great views and close to great schools. “For investment property, we have the lowest vacancy rates in Australia too, and a lot of buyers are renting out on Stayz or Airbnb and making a lot of money. We offer fantastic value and there’s a real cultural buzz about the place now.” Baby Boomers retiring to the Apple Isle are also creating a strong demand for property, believes Hans Waldhoff of Elders Brown and Banks. “We have a very good climate down here and there’s a lot of demand from Sydney and Melbourne, and from overseas now,” he says. “People now realise it’s a great place to live.”
Wednesday, August 16, 2017
HOCKEY DAYS
80c incl. GST
RIVER REVEAL
P3
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Stroke of fortune ALEX LUTTRELL THE New Norfolk Rowing Club will apply for almost $1.2 million in federal funding to get its highly anticipated Esplanade relocation under way next year, club president Peter Nichols says. It comes after the State Government granted the club $575,000 under the Community Infrastructure Fund to facilitate the first stage of its $2.3
Rowing club move gets funds backing million relocation to the western shore of the Derwent River The funding will enable construction of a new building for storage, new rowing docks and a ramp, as well as assist with the establishment of a
proposed Derwent Valley Aquatic Centre. The centre will serve as a home to rowing, kayaking and community-based events and will form part of the project’s second stage.
In June the Derwent Valley Council endorsed the rowing club’s site on the Esplanade after committing to funding up to $300,000 earlier this year. The club will contribute $275,000 to the project. Club president Peter Nichols said he spoke to Tasmanian Senator Jonathon Duniam last weekend to discuss the Federal Government’s potential matching of combined funding from the club, council and
State Government, totalling $1.15 million. Mr Nichols said the club would apply for the funding under the Regional Jobs and Investment Package by the October deadline. “[Mr Duniam] was positive but there’s no guarantee, it's a highly competitive process,” he said. “The project will suitably be commenced in the New Year.”
In June, the council voted to endorse the recommendations of Option C for the project. This includes the possible demolition of the caretakers’ house and a realignment of the entrance to the caravan park to facilitate the work. Meanwhile, the Derwent Valley Council will also receive a grant of $59,575, matching funds for its waterfront revitalisation project on the New Norfolk Esplanade.
Valley is Jes the spot for property
PEACE IN THE VALLEY: The real estate business is booming in the Derwent Valley, with property sales in the region among the best in the state for the last financial quarter. Photographer Jes Jackson is hoping to capitalise on the positive figures, with her New Norfolk house on the market. But Jes and her partner Jyell aren’t leaving the place Jes describes as a picture-perfect paradise: “We know for certain we will not be moving out of the Derwent Valley, we love it too much.” Picture: MATT THOMPSON V1 - DVGE01Z01MA
TUESDAY, JULY 17, 2018 ‒ 05
NEWSFRONT
Bid for Airbnb numbers JIM ALOUAT HOBART City Council will write to the State Government to request access to Airbnb data for an accurate compliance audit of the number of properties used for short-stay accommodation. The written request will be made after Alderman Phillip Cocker raised an issue regarding the discrepancy between
Smokers big drag on the economy
the number of planning permits being issued for shortterm accommodation within Hobart and the significant increase of properties listed on sharing sites such as Airbnb and Stayz. Ald Cocker said the best information the council could currently use came from the Inside Airbnb website, which said more than 800 properties were listed in Hobart.
“Only a small proportion of those come to the council for approval,” he said. “I don’t think the council has the capacity to ensure compliance. “Compliance is difficult to achieve if you don’t have all the listed properties in your area.” Council director of city planning Neil Noye responded to Ald Cocker’s request, saying
it was “understood that the State Government has entered into agreement with Airbnb to share data from their site”. Mr Noye proposed to write to the Government to gain access to the data. In June, the State Government announced it would tighten regulations around short-stay visitor accommodation in Battery Point and Wapping after a recommendation
from the Tasmanian Planning Commission. Ald Cocker described the current state of short-term accommodation processes as an “unholy mess”. He urged the State Government to rethink its legislation and give the authority to regulate short-stay properties back to local governments. “I think the State Government needs to have discussions
with local government and let councils manage the issue through a proper planning process,” Ald Cocker said. In April, Hobart Deputy Mayor Peter Sexton suggested residents dob in suspected unlicensed Airbnb properties in their area. Ald Sexton’s suggestion aimed to curb the spike in unregulated short-term accommodation in the city.
Flying in for heartsick kids
JILL POULSEN SMOKERS could cost the nation’s economy a staggering $388 billion over the course of the Australian population’s working lives. New research shows the indirect costs of smoking, including lost time due to smoke breaks, second-hand smoke exposure and absenteeism, could have a bigger financial impact on the economy than direct healthcare costs.
By crunching the numbers at years of life lost, quality of life lost and productivity lost, Monash University researchers calculated the total financial loss based on gross domestic product generated per worker in 2016. “There’s evidence to suggest the indirect costs of smoking are very high, and in fact may be higher than the direct costs,” lead researcher Dr Alice Owen said. The research was published in The BMJ journal. The study led researchers to conclude the case for expanding Australia’s already strict tobacco laws was “compelling”.
FASTER THAN A SPEEDING BULLET: Harcourts Real Estate staff, from left, Ben Vance, Conor Canning, Jess Fenner, Colin Miller and Amanda Brooks will be part of the super hero fundraiser on Friday. Picture: LUKE BOWDEN
JARRAD BEVAN THE suits and ties of a typical work day will be traded in capes, masks and Lycra this Friday at Harcourts Hobart. The team will be dressing up as their favourite heroes for a HeartKids Super Boss Day fundraiser. Their goal is to raise $2000, vital funds for the fight against
childhood heart disease. There will be a coffee van, cake stall, raffle and sausage sizzle, plus face painting and balloons for the little ones. Local radio station Hit100.9 will provide the musical entertainment and will interview a family affected by the disease. Harcourts Hobart property consultant Ben Vance said the
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team was proud to be supporting the important work done by HeartKids. He said the team had taken part in Super Boss Day two years ago and were hoping to raise more money this time around. “It’s tricky to guess what the turnout might be, but being school holidays we hope people will be out and about
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and looking for something fun to do,” he said. The event will be held from 11am to 2pm on Friday at the Harcourts Hobart offices on Sandy Bay Rd. HeartKids is the only Australian charity dedicated to supporting children with congenital heart disease (CHD) and their families. Proceeds generated from
was $278 now $83 was $648 now $226 was $448 now $134 was $998 now $399 was $1998 now $599 was $798 now $239 was $168 now $50 was $278 now $111 was $498 now $199
117A Liverpool St, Hobart 6234 6604
Super Boss Day this year will go towards services for families, including a new Family Coping Program. CHD is the leading cause of death in babies under the age of one in Australia. There is no known cure. To make a donation visit: superbossday2018.everydayhe ro.com/au/Harcourts-Hobartsuper-boss
THE CONOR CANNING TEAM
Harcourts Hobart Hobart I 32 - 34 Sandy Bay Road I (03) 6220 9100 enquries@harcourtshobart.com.au www.harcoruts.hobart.com.au