PROPERTYMASH.COM the place to search for new property
Queensland's only dedicated new property magazine SPRING EDITION 2018
IN BRISBANE HOW HOW TO TO LIVE LIVE
MORTGAGE FREE
MORTGAGE FREE THE SECRET TO GOOD INVESTMENT
THE SECRET TO GOOD INVESTMENT
WHERE TO FIND
NEW LAND NEW LAND WHERE TO FIND
IN BRISBANE
THE GOLD COAST’S
TOP 5 LUXURY APARTMENTS
PROPERTYMASH.COM the place to search for new property
PAGE 1
SOUTH BRISBANE’S BEST-CONNECTED LOCATION
PAY 5% DEPOSIT & WE WILL MATCH IT!*
750m to Brisbane’s CBD & close proximity to UQ, QUT & Brisbane State High School. Strong rental returns, low vacancy on completed 1, 2 & 3 Bedroom Residences. PRICED FROM
*limited to one bedroom apartments, terms and conditions apply.
$399,000
Ivy + Eve, 22 Merivale Street, South Brisbane CONTACT CARLY 0409 186 845 ivyeve.com.au
BRAND-NEW, LUXURY APARTMENTS WITH CITY VIEWS DISPLAY APARTMENT NOW OPEN! READY TO MOVE IN!
14 exclusive residences in prestigious Cadell St, Auchenflower Final 3-Bedroom Apartments from $825,000-$925,000 few remain! 1 x Final 3BR + MPR + 3 Car Parks Penthouse with City Views $1,495,000 1 x Final 3 BR + Media Town Home $1,165,000 OPEN HOME 11AM 12PM SATURDAY & SUNDAY OR BY APPOINTMENT 7 DAYS Beautifully appointed, easy-living, pet-friendly residences just mins from the CBD. Actual view from APT 203 and P/H 301
Perfect for downsizers and empty-nesters, each residence features: 3 bedrooms + 2 or 3 bathrooms 2 or 3 secure car parks + additional basement storage Open plan kitchen/ living/ dining+ ample storage Generous balconies some with city views Penthouse, town home & some apartments feature MP / Media Rooms Solar powered common areas to reduce body corporate fees Close to buses, trains & Brisbane River citycat Surrounded by great parks, cafes, dining & shopping
Proudly presented by Brisbane West Property Expert Hannah Bryan.
Call now on 0401 539 928 to book your inspection or learn more.
10
SPRING
2018
FEATURES 12 READY NOW Don’t want to wait for an off-the-plan apartment? Here are eight properties you can move into today.
13 PROPERTY REVIEWS: BRISBANE Three of Brisbane’s newest off-the-plan projects reviewed by PropertyMash journalists.
20 WHAT’S HAPPENING
Keep up with the latest in new and off-the-plan property this spring.
44 PROPERTY REVIEWS: GOLD COAST
Read independent reviews on some of the Gold Coast’s new developments.
24
9 WHERE TO FIND NEW LAND THINKING OF BUILDING YOUR DREAM HOME? BE SURE TO CHECK OUT THESE BRISBANE LAND HOTSPOTS.
IN THIS ISSUE 9
HOW TO LIVE MORTGAGE FREE
FEATURE STORY
The secret to good investment in Brisbane’s newest real estate hotspot.
10 TOP 10 PET-FRIENDLY APARTMENTS
28
Take your four-legged friend with you when you move.
21 DOWNSIZING: APARTMENT OR RETIREMENT VILLAGE?
THE GOLD COAST’S TOP 5 LUXURY APARTMENTS: WHAT WILL $41 MILLION GET YOU?
Get top tips from fellow downsizers who are loving their new lifestyle.
40 INTERSTATE MIGRATION BOOM
Find out why Sydneysiders are making the move to the Sunshine State.
ON THE COVER
THE COTERIE FORTITUDE VALLEY
44 Advertising deadline for SUMMER 2018/19: 3 December 2018.
Published by Toto & Co 36 Agnes Street, Brisbane 4006 totoandco.com.au
PAGE 4
PROPERTYMASH.COM the place to search for new property
PUBLISHER’S INDEMNITY: Those who make advertising placement and/or supply copy material or editorial submissions to PropertyMash undertake to ensure that all such material does not infringe any copyright, trademark, defamation, libel, slander or title, breach of confidence, does not contain anything obscene or indecent, or does not infringe the Trade Practices Act or other laws, regulations or statutes. Editorial content should not be regarded as advice or relied upon by you or any other person and we recommend that you seek professional advice before acting on the content. All content in this publication is copyright. For reproduction or use of PropertyMash.com copyright material written permission must be obtained directly from PropertyMash.com or the relevant copyright owner. All property information, including prices, are accurate to the best of our knowledge but we make no representation as to their correctness. Prices change regularly and errors may have occurred in this publication. You must not rely on these prices and /or information and you must verify this yourself prior to using this information for any reason, including purchasing a property.
BRISBANE’S TALLEST RESIDENTIAL TOWER 1, 2 & 3 BEDROOM APARTMENTS AVAILABLE 1 Bedroom
2 Bedrooms
3 Bedrooms
STARTS FROM
STARTS FROM
STARTS FROM
$446,000
$683,000
$825,160
For enquiries or visiting the display suite, please contact Daniel Zhou 0422 405 838
Register Now 1300 55 11 23
www.brisbaneskytower.com.au
Billbergia Group
A note from our founder’s desk... Welcome to the second edition of PropertyMash! PropertyMash is Queensland’s first ever publication dedicated to helping buyers of new and off-the-plan property. We’re here to make sure you have all the information you need when searching for your dream home; with the details of over 300 properties in one handy location.
SUBURB PROFILE: Bulimba Page 18
In this edition we get a look inside the Gold Coast’s most luxurious penthouses (page 28), we dive into the financial pros and cons of renting versus buying a property (page 42), and we get some expert advice on making the most of the returns from your holiday home (page 34). Looking for new land in Brisbane doesn’t have to be hard! Check out our guide on page 24. Plus, we chat to some downsizers about choosing a property for the next stage of life (page 21). Talking of downsizing, if you and your four-legged friend are thinking of selling up and moving somewhere a bit smaller, you are going to want to read our feature on pet-friendly apartments (page 10). We hope you enjoy our Spring 2018 magazine! If you want to get involved in the new property conversation, join us online at PropertyMash.com.
Cameron
Black
THE PROPERTYMASH TEAM Founder Cameron Black
Editor Sarah Tayler
Journalist/Designer SUBURB PROFILE: North Lakes Page 32
Jade Horrobin
Journalist Inais Black
Business Development Manager Dylan Carey
EDITORIAL ENQUIRIES editorial@propertymash.com 07 3177 0406
ADVERTISING ENQUIRIES dcarey@propertymash.com +61 411 689 184
SUBURB PROFILE: Broadbeach Page 38
FOLLOW US TO KEEP UP WITH THE LATEST IN OFF-THE-PLAN PROPERTY NEWS! @PROPERTYMASH
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PROPERTYMASH.COM the place to search for new property
MO R E T H AN D O U B L E T H E
THE NEW PROPERTIES O F A NY O TH ER WEB SI T E
INTRODUCING PROPERTYMASH.COM PropertyMash is Queensland’s first publication dedicated to new apartments, new townhouses, and new land in Brisbane and on the Gold Coast; a central hub of information making finding off-the-plan property easy. Not only are we the first to know about each new development, but our journalists have inspected every one of them, so we have the latest news and updates direct from the source. Our review articles cut through the marketing jargon and give you all the details you need to know, in an easy to read editorial format. We provide the information that really matters, such as details on the local area, market insights, finish quality and regular construction updates. We even list similar projects in the area you might want to visit.
JOIN THE NEW PROPERTY CONVERSATION #PROPERTYMASH
WIN!
@propertymash
Take a photo of the new Spring 2018 magazine wherever you are reading it and tag @PropertyMash on Facebook or Instagram to be in with the chance of winning a $500 IKEA voucher! Entries close 31 Nov 2018. Terms and conditions online at propertymash.com/tsandcs
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HOW TO
LIVE MORTGAGE FREE The Coterie
only the CBD, but also the QUT Kelvin Grove Campus — the Valley, as it is affectionately known, attracts a real mix of residents. Prices for the “The Dual-Key Investor Collection” start from just $1,130,000; making a comparable three-bedroom apartment in The Coterie a little more
We reveal the secret to good investment in Brisbane’s newest real estate hotspot. Living mortgage free, isn’t that the dream? For most people, the only way to get even a contribution to their payments is to rent out a room in their house or apartment. While this does cut your mortgage costs, it also means sharing your living space, kitchen, and potentially bathroom with a stranger. What if there were a way to cover your mortgage without having to listen to your roommate singing in the shower? The Coterie, a new development currently under construction in Fortitude Valley, has just launched eight dual-key apartments for the savvy Brisbane. Located on floors
expensive at $1,184,000. Not only are the dual-key apartments actually cheaper, they also come fully furnished and ready to move into, with European Oak furnishings from the same company that supply the uber stylish furniture showrooms of James Street. Could these apartments be the perfect solution for buyers wanting to live mortgage free? Well, it’s not rocket science: the simplest way to pay off your loan and grow your investment in the shortest amount of time is to maximise your returns. Luxury dual-key apartments, like the ones at The Coterie, do just that. The long-term rental yield for the one-bedroom part of the apartment is expected to be $450 per week or $750 for the two-bedroom, twobathroom side (including car space).
This is considerably more than the expected income from renting out one room in the three-bedroom apartments which is $250 a week. If you are willing to put in the extra work, there’s no reason not to reap the rewards of short-term leasing. That’s right, Airbnb! The stunning views out to the CBD make The Coterie the perfect place for tourists, interstate travellers and staycationers alike. When expected short-term rates are factored into the equation, the potential returns are $840 per week for the onebedroom apartment and $1,400 per week for the two-bedroom (including car space). Before you start planning how you are going to spend your investment profits, don’t forget to factor in expenses and vacancy rates. Whether it is short-term or longterm rentals, there will be outgoings on top of your mortgage. Costs include body corporate ($8,072 per year), council rates, and possibly management fees if you don’t rent it out yourself. See page 34 for more details on budgeting for your short-term rental.
10 – 18 of the Alfred Street Tower, with two bedrooms and two bathrooms in one side of the apartment and one bedroom, one bathroom in the other. It essentially offers two entirely separate apartments for the price of one — each side with its own entrance, kitchen, lounge area, balcony and laundry. Fortitude Valley is quickly becoming an up-market area of the city with new shopping and dining precincts such as James Street — packed full of designer stores, art galleries and alfresco street-side restaurants. It has changed a lot in the last few years, and with the development planned for the area, this is definitely a suburb to watch. Close to not
Floor plan of The Coterie “Dual-Key Investor Collection”
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PAGE 9
10
THE TOP pet-friendly apartments
In Queensland, 62 percent of households have some type of pet. And it is fair to say most people consider their pets part of the family (there is a reason, after all, that the term ‘fur baby’ has made it into the dictionary). Research has actually shown that having a pet is good for you — they can help improve sleep and self-esteem, as well as decrease loneliness, depression, anxiety and blood pressure. This is all well and good if you live in a house, but apartment dwellers have been running into problems of late. Finding a pet-friendly apartment building has become notoriously hard for Brisbanites and Gold Coasters alike. While there is debate over whether anyone can legally stop you having a pet in an apartment that you own, there are often restrictions on pets in the buildings rules and regulations, and you sometimes have to apply to the strata body to have the pet approved. If you are in the market for a new apartment and can’t bear the thought of parting with your four-legged friend, then fear not! PropertyMash has scoured the city and found a number of off-the-plan apartments being advertised as pet-friendly. The best part is, we’ve bought the top ten of these together in a handy list, just for you.
LUME
THREE72
THE COTERIE
Offering residents amazing views, impressive amenities, and a central position within the city, Lume is expected to be complete in late 2019. As well as being pet-friendly, the new development includes a cafe on the ground floor that will be licensed to serve food and drink to the rooftop podium level.
With 108 apartments in a range of floor plan designs, Three72 is so pet friendly that the resident facilities even include a pet wash bay. Residents at this waterfront development also have access to a resort style pool, sauna, fitness centre, and an indoor play area for children, to name just a few of the facilities.
Made up of 249 one, two and three-bedroom apartments (and two penthouses), The Coterie is definitely one of the most luxurious developments on this list. With construction anticipated to finish in September 2019, these pet-friendly apartments are only 1.5 kilometres from the Brisbane CBD.
Prices start at $450,000.
Prices start at $344,000.
Prices start at $344,000.
25 Shaftston Avenue, Kangaroo Point
PAGE 10
PROPERTYMASH.COM the place to search for new property
372 Marine Parade, Labrador
365 St Pauls Terrace, Fortitude Valley
Banyan Tree Residences
CERULEAN
5 Pacific Street, Main Beach Cerulean is a small development with only 27 apartments over 15 levels. Located at Main Beach, just a short stroll from the pet-friendly cafes of Tedder Avenue. You can customise floor plans at Cerulean — which is ideal if you want to make more space for your fur babies. Prices start at $1,215,000.
Chester & Ella
CHESTER & ELLA
Cnr Chester Street & Ella Street, Newstead Chester & Ella is comprised of 320 apartments across two 18-storey buildings. This pet-friendly development is located in the sought-after area of Newstead, and 85 percent of the development has already been sold. Completion is expected in late 2019. Prices start at $485,000.
WATERPOINT RESIDENCES
5 Harbor Side Court, Biggera Waters WaterPoint Residences sits on a 2.7-hectare site with 3.5 acres of landscaped space and a private waterfront footpath — perfect for dog walking! With six towers and a private marina, when complete, these pet-friendly apartments will be one of the Gold Coast’s largest residential developments. Prices start at $349,000.
VOGUE INDOOROOPILLY 15 Priory Street, Indooroopilly
Vogue Indooroopilly is a development of 16 three-bedroom residences with only four apartments per floor. Each apartment is slightly different, offering gourmet kitchens with oversized, walk-in sculleries, some with an additional multi-purpose room. The best part about this architecturally striking building is that it welcomes your pets too!
BANYAN TREE RESIDENCES 48 River Terrace, Kangaroo Point
More of a lifestyle investment than an apartment choice, residents will enjoy a week’s free accommodation at resorts around the world, one free spa treatment a month for the first two years, and a rooftop pool with river views. The apartments ooze luxury at every turn with curved walls and cabinetry. Prices start at $550,000.
THE HATHAWAY
6 Cadell Street, Auchenflower The Hathaway is a boutique development in the leafy suburb of Auchenflower. Offering both apartments and townhouses with excellent views of the Brisbane CBD and hinterland. Due to be complete in October 2018, buyers and their furry friends can move in straight away!
Cerulean
Prices start from $825,000.
DON'T HAVE A PUP JUST YET? CHECK OUT THE BEST BREEDS FOR APARTMENTS, ONLINE NOW. The Hathaway
Prices start at $699,000.
PERISCOPE
1265 Gold Coast Highway, Palm Beach Steps from the ocean — and two off-leash dog beaches — Periscope offers 28 two and three-bedroom luxury apartments. Each apartment features floor-to-ceiling windows, timber-look floor tiles throughout and open balconies. These fully customisable apartments are perfect for pups. Prices start at $530,000.
PROPERTYMASH.COM the place to search for new property
PAGE 11
NEW APARTMENTS YOU CAN MOVE INTO
today
ARI STONES CORNER 89 Old Cleveland Road, Greenslopes Two and three-bedroom apartments from $495,000.
COMPLETED IN JUNE 2018
ESTILO ON KITTYHAWK 91 Kittyhawk Drive, Chermside One, two and three-bedroom apartments from $349,000.
COMPLETED IN AUGUST 2018
ASCOT GREEN
ALTO STRADA
IVY95
240 Lancaster Road, Ascot
26 High Street, Lutwyche
One, two and three-bedroom apartments from $495,000.
Two and three-bedroom apartments from $525,000.
95 Old Burleigh Road, Broadbeach
COMPLETED IN JUNE 2018
COMPLETED IN SEPTEMBER 2018
COMPLETED IN AUGUST 2018
PANORAMA RESIDENCES
IVY & EVE
BRIGHTWATER APARTMENTS
34 John Francis Drive, Carrara
22 – 28 Merivale Street, South Brisbane
14 – 16 Bright Street, Labrador
Two, three and four-bedroom apartments, villas and terrace homes from $495,000.
One, two and three-bedroom apartments from $399,000.
Two-bedroom apartments from $437,000.
COMPLETED IN SEPTEMBER 2018
COMPLETED IN JANUARY 2018
COMPLETED IN JULY 2018
PAGE 12
PROPERTYMASH.COM the place to search for new property
Two and three-bedroom apartments from $661,000.
BRISBANE
PROPERTY REVIEW INDIGO APARTMENTS
SUBURB
72 Clara Street, Wynnum
Wynnum, Brisbane
PROPERTY TYPE
Targeted towards downsizers and first-home buyers, Indigo Apartments has 16 two-bedroom residences on Clara Street in Wynnum. The north-eastern aspect means the majority of the apartments have expansive Moreton Bay views. Each of the apartments has between 75 and 80 square metres of indoor space and large 13 square-metre balconies. With prices for waterfront property skyrocketing in Brisbane’s inner suburbs, Wynnum remains one of the only coastal areas with apartments under $500,000, although we doubt this will last long with demand expected to soar in the next few years. Construction on Indigo Apartments was completed in August of this year, with only seven apartments remaining.
Apartments
DEVELOPMENT SIZE 16 apartments
CONSTRUCTION STATUS Completed August 2018
DISPLAY SUITE
LOCATION Wynnum feels a world away from the hustle and bustle of the city, despite being only 30 minutes away from the CBD. The area is dotted with waterfront parks, beaches, walking tracks and bikeways. Only 500 metres from the waterfront, the Indigo Apartments are in a great spot, with Wynnum Wading Pool 400 metres away (the perfect spot to cool down on a warm day) and Manly Boat Habour just two kilometres away with easy access to Moreton Bay. The building is a short walk to cafes and shops as well as the bus stop.
COMMUNAL FACILITIES Indigo Apartments is a fully secure building with undercover car parking for residents and guests. On the rooftop, you’ll find a landscaped garden with expansive views out to Moreton Bay. The large garden is complemented by a communal terrace with barbecue, dining and lounge area and bathroom — the perfect spot for an afternoon tipple while you watch the sunset.
APARTMENT DETAILS Each of the two-bedroom apartments at Indigo has two bathrooms and a secure car space (with plenty of street parking available too). Both bedrooms have built-in wardrobes with the master bedroom also including an ensuite. In a few of the floor plans, the master opens out onto the balcony, capitalising on those beautiful cross-breezes. Storage is a big plus at Indigo Apartments, with plenty of large cupboards and additional storage areas available. The finishes were selected by interior designers at Design Nest with large feature tiles throughout the living spaces and plush carpeted bedrooms.
DEVELOPER DETAILS Indigo is a project by Criterion Property, a Sydney-based development company with a good track record of boutique apartment developments in Queensland and New South Wales.
Onsite, by appointment only
STARTING PRICE $449,000
Things we love... •
The floor plans are well-designed and there is plenty of storage.
•
Expansive views over Moreton Bay from the rooftop garden and top level apartments.
•
Property prices are predicted to soar in the area over the next decade.
But remember that... •
Traffic to Brisbane CBD means commuting can take upwards of an hour (train station 1.5 kms away).
•
The bottom few floors of the building do not have views of the bay.
•
The communal facilities are limited, which is expected for a development of this size.
READ OUR FULL REVIEW OF INDIGO APARTMENTS ONLINE AT PROPERTYMASH.COM
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PAGE 13
BRISBANE
PROPERTY REVIEW
SUBURB Woolloongabba, Brisbane
PROPERTY TYPE Apartments
the house, so to speak! Inspired by the apartment buildings surrounding Wrigley Field — the
178 apartments
CONSTRUCTION STATUS
Given that Woolloongabba is set to experience a lot of growth and transformation over the coming years (with the Cross River Rail, the CBD Bikeway, and the recently-announced Gabba stadium upgrade), buying now may perhaps be the ideal plan of action if moving into the area is your goal. The urban renewal of the area is definitely something that will be of interest to investors and owner-occupiers alike.
Onsite, by appointment only
STARTING PRICE
LOCATION
$378,000
Located at 14 Trafalgar Street, Silk One is in the heart of Woolloongabba. Obviously, the stand-out feature of Silk One is its proximity to The Gabba, although the central location also has several other perks including being close to public transport links. One of the benefits of living off a road like Stanley Street is the ability to get anywhere pretty quickly, however on the flipside, it is a busy road with multiple lanes of traffic. The M3/Pacific Motorway is only five minutes away, and there is a multitude of shops, restaurants and parks within a ten-minute drive.
Things we love... Box seat views of The Gabba — the only one of its kind in the country. Silk One is in a great location close to the city, right off Stanley Street. •
Silk One is a 20-storey apartment development overlooking the iconic Gabba stadium in Woolloongabba. Providing views of the stadium field, residents will enjoy the best seat out of home of baseball team, Chicago Clubs — Silk One is one-of-a-kind in Brisbane.
DISPLAY SUITE
•
14 Trafalgar Street, Woolloongabba
DEVELOPMENT SIZE
Scheduled to start Dec 2018
•
SILK ONE
The building itself is eye-catching with sharp architectural features and resort style facilities.
COMMUNAL FACILITIES Perhaps the best feature of Silk One is ‘The SkyStand’. Located on the roof of the building, ‘The SkyStand’ allows residents to look directly into The Gabba — so you can watch every AFL game, test cricket match, and concert, live! The area also includes barbecues, seating and a big screen television (so you can watch the game in high definition and from up high). Silk One also includes a gym, which looks into the resort-style pool and spa.
But remember that...
APARTMENT DETAILS
•
Silk One offers one, two and three-bedroom apartments ranging from a first-home-buyerfriendly $390,000 to just shy of $1.3 million. There is a dark and light colour scheme available and every apartment has been fitted with premium ILVE appliances. Another aspect of the apartments that is worth noting is that from Level 8, every north-facing apartment has had specific alterations to maximise its city views.
Woolloongabba is set to experience lots of upgrades over the next decade, so expect some construction.
•
Silk One is on a busy road and the area can be congested with limited parking when there is an event on at The Gabba.
DEVELOPER DETAILS Silk One is being developed by Sydney-based Sarazin and brought to the market by CBRE.
READ OUR FULL REVIEW OF SILK ONE ONLINE AT PROPERTYMASH.COM PAGE 14
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BRISBANE
PROPERTY REVIEW VICTORIA RESIDENCES
SUBURB
32 Bilyana Street, Balmoral
Balmoral, Brisbane
PROPERTY TYPE
With just five properties available, this development is small and friendly. Ideal for downsizers
Townhouses
and families wanting a quiet location in the inner-suburbs close to the Brisbane River. The wooden-cladding on the exterior of the townhomes gives them a light and breezy look with
DEVELOPMENT SIZE
luxury finishes and thoughtful interior design once you get inside. Fairly new to the market, one
Five
property has already been sold, with four remaining. There are no official prices available, but
CONSTRUCTION STATUS
these properties are expected to go for over $1 million. Construction is already underway and new owners can expect to move in before Christmas this year.
Under construction
LOCATION
DISPLAY SUITE N/A
The luxury two-storey townhomes are located in Balmoral, which borders the riverside suburbs
STARTING PRICE POA
of Hawthorne and Bulimba. This area south of the Brisbane River is well-known for the stylish boutiques and quirky cafes of Oxford Street as well as the luxury waterfront properties. While not located directly on the water, the Victoria Residences is in a great location just seven kilometres from the CBD, 700 metres from Oxford Street and 1.2 kilometres from the Hawthorne Ferry Terminal.
COMMUNAL FACILITIES There are no communal facilities at Victoria Residences. This means however, there are also no
Things we love... •
shops, cafes, restaurants, gyms, and
body corporate fees.
TOWNHOUSE DETAILS
medical facilities. •
There are exciting new developments coming to the area such as the new
Each three-bedroom townhouse at the Victoria Residences comes with a private pool and
retail and dining precinct planned for
landscaped garden which flows nicely into the covered outdoor dining area. The ground
the Bulimba Barracks.
floor living areas have bi-fold doors which can open right up to connect the indoor and outdoor spaces. The kitchens have a modern design with European appliances, marble look
Great location walking distance to
•
No body corporate fees, with each
benchtops and plenty of storage. Each floor plan is slightly different, some with a butlers
residence having a private pool and
pantry and some with an island bench which is cleverly integrated with a dining table large
landscaped garden.
enough for the whole family. Some master bedrooms have direct balcony access and come with a large bay window. The aspect of each property means the balconies and gardens are protected and private. Three of the properties come with double garages, one with a single
But remember that... •
construction so buyers can’t make
garage and one with a single carport. There is one visitor space available.
DEVELOPER DETAILS
The townhomes are already under changes to layout and finishes.
•
Although close to the water, Victoria
Property Pro Consulting is the company behind Victoria Residences, they are Brisbane based
Residences does not offer river
and develop small townhouse projects in the inner-suburbs.
frontage or river views.
READ OUR FULL REVIEW OF VICTORIA RESIDENCES ONLINE AT PROPERTYMASH.COM
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PAGE 15
WHAT’S HOT RIGHT NOW... Whether you are buying a new property for yourself or as an investment, planning your next development, or just keeping an ear to the ground — you won’t want to miss the invaluable insights of the PropertyMash Suburb Experts.
“I’m finding the downsizing market is hot right now. Many downsizing buyers are looking for apartments in the inner city that are in boutique buildings, with larger balconies, a double garage and good storage. Buyers are snapping these up.”
Joanne Prince-Gillies, Jo Prince-Gilles Property “Brisbane’s market is undervalued and there is great opportunity for growth. We are seeing a large number of clients downsizing from larger homes or upgrading to catch the rising prestige market place. What’s hot now are high-end listings, particularly full-floor apartments and river-facing product in boutique buildings.”
“Upper Mount Gravatt is the suburb to watch at the moment. It has evolved into a major urban centre outside of the Brisbane CBD and has the ever popular Westfield Garden City servicing it. It is very multicultural with excellent prospects for future capital growth and lots of local businesses thriving.”
Hae-Jun Park, Mt Gravatt Suburb Expert Simon Caulfield
Selling up to buy a new home? Here’s what’s going on in Brisbane’s existing property market...
“What’s hot at the moment are bread and butter houses in Chapel Hill and Kenmore in the $600,000 – $700,0000 price range. Selling like hot cakes.”
Carla McNeill, Arthur Conias Real Estate Toowong “Three bedroom, one bathroom unrenovated cottages in the inner city are getting ridiculous prices right now.”
Nicholas Carroll, Ray White Spring Hill MARKET INSIGHTS AND PROPERTY KNOWLEDGE ARE PROVIDED BY OUR SUBURB EXPERTS FREE OF CHARGE, SO WHAT ARE YOU WAITING FOR? LOG ON
Simon Caulfield, Place Estate Agents
TODAY AND CONTACT THE SUBURB EXPERT FOR YOUR AREA! PROPERTYMASH.COM/SUBURB-EXPERTS
Nicholas Carroll
PAGE 16
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BULIMBA’S BEST LUXURY RIVERFRONT ADDRESS
LARGE RESIDENCES | RARE VALUE THREE BEDROOM APARTMENTS FROM $1.675M THREE BEDROOM PENTHOUSES FROM $2.25M THREE LEVEL TOWN HOMES INCL LIFT FROM $1.55M
THE PERFECT COMBINATION OF LOCATION, LIFESTYLE, DESIGN, STORAGE, LUXURY AND SPACE ON THE BRISBANE RIVER AT BULIMBA. NORTH-FACING | EXQUISITE RIVER VIEWS | PROPOSED MARINA | STUNNING LAP POOL | JUST 30 BOUTIQUE RESIDENCES
SALES OFFICE: 39 BYRON ST, BULIMBA Sat 10am - 4pm, Sun 10am - 2pm, Weekdays by appt 1300 009 388 | onebulimbariverfront.com.au
SUBURB PROFILE KEY STATISTICS
ONE Bulimba Riverfront
Median apartment price $600,000
BULIMBA
THE INNER-CITY SUBURB OF BULIMBA IS LOCATED TO THE EAST OF BRISBANE’S
Median rental value
CBD AND BORDERS THE BRISBANE RIVER. BULIMBA IS HOME TO AN EXPANSIVE
$450 per week
VARIETY OF CAFES, RESTAURANTS, BOUTIQUES AND PLENTY OF GREEN SPACES.
Transport
Mirroring the transition happening across the river in Tenneriffe and Newstead, riverfront living in Bulimba is incredibly sought after. The Bulimba property market is booming with luxury apartment complexes developing right beside the river. This stunning, family-friendly suburb is definitely at the top of our “to watch” list over the next few years.
Bus, CityCat ferry and cycle paths
Things we love... •
Bulimba’s social hub along Oxford Street, offering plenty of dining options, entertainment and services.
•
The riverside location makes transport easy.
•
Proximity to the CBD, New Farm and Hamilton.
But remember that... •
Bulimba is a pocket. While this means traffic within the suburb is light, getting in and out can be difficult.
•
•
ONE Bulimba Riverfront
LOCATION & TRANSPORT Located south of the Brisbane River, Bulimba borders Hawthorne and Balmoral. Newstead, Hamilton and Tenneriffe are just across the river and easily accessible by CityCat. Bus stations are peppered throughout Bulimba, providing access to the nearby suburbs. Getting the CBD, however, is not as easy. It is only nine kilometres away but can take up to 45 minutes in traffic. Bulimba’s riverside Vic Lucas Park is a popular recreational spot with locals and visitors. It features a basketball court, picnic shelter and barbecue facilities; this area is very popular on weekends. The properties in Bulimba are a real mixed
The development of the Bulimba
bag of old-style Queenslanders, modern
Barracks will cause some disruption.
family homes, apartment complexes and
A lot of the new apartments under development are luxury properties and will have a higher than average price tag.
million-dollar waterfront properties. It has one of the best views of the CBD anywhere in the inner suburbs. The illustrious waterfront homes have lifted the average house price to $1.3 million, making Bulimba Brisbane’s sixth most expensive suburb.
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The Boatyard Bulimba
ONE Bulimba Riverfront
CURRENT PROECTS IN BULIMBA LIFESTYLE
ONE BULIMBA RIVERFRONT 39 Byron Street, Bulimba Three-bedroom apartments, penthouses and townhouses from $1,550,000.
Bulimba households are comprised of mostly families, who make up approximately half of the demographic. These families are typically double income parents in their thirties or forties who are established professionals. A large proportion of the
Barca Bulimba
remainder are downsizers buying luxury apartments on the riverfront. Over 40 percent of the suburb are renters, with the waterfront properties primarily owner-occupiers. The high price tag of the waterfront penthouses has created quite an
DEVELOPMENTS The 2015 sale of the 20-hectare waterfront site that was the previous
affluent suburban culture.
Navy Headquarters know as the Bulimba
A significant increase in the population and
This master-planned development will
easy access to surrounding areas are driving the cultural drawcards of Bulimba to an all-time high. Oxford Street is the main hub of the suburb, with a plethora of eateries,
Barracks will further transform the area. consist of mixed residential, commercial and retail space, creating a a whole new hub for Bulimba that will both complement and compete with Oxford Street. Being absolute
bars, boutiques, gyms and health services.
waterfront, it will no doubt include many
EDUCATION
owner-occupiers.
Just off the main strip at the end of Oxford
The traffic congestion in and out of Bulimba
Street is Bulimba State School. St Peter &
is expected to improve as a result of the
Paul’s School is also close by (for parents
proposed widening of Wynnum Road, with
looking for a local Catholic school). Being
work anticipated to commence next year.
nestled right on the river means transport to
The developments along Byron Street and
the University of Queensland, Queensland
across the entire river frontage will continue
University of Technology and TAFE colleges
to increase the median house price in the
in South Bank are only a CityCat ride away.
suburb significantly over the next few years.
more premium apartments suited to
BARCA BULIMBA 59 Byron Street, Bulimba Three and four-bedroom apartments and terrace homes from $1,475,000. THE BOATYARD 21 Byron Street, Bulimba Two, three and four-bedroom apartments from $775,000. EASTPARK 30 Johnston Street, Bulimba One, two and three-bedroom apartments and two-storey loft homes from $449000. TRIBECA TERRACE HOMES 42 Johnston Street, Bulimba Three-bedroom terrace homes from $859,000.
See full reviews and construction updates for each project online at PropertyMash.com
PROPERTY MASH.COM
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PAGE 19
WHAT’S HAPPENING ALL THE NEW AND OFF-THE-PLAN NEWS AND EVENTS HAPPENING THIS SPRING.
BRISBANE OPEN HOUSE Brisbane Open House is a free public festival celebrating Brisbane’s architecture. It offers behind-the-scenes access to buildings across the city. This year Brisbane Skytower is taking part by offering free guided tours to the public on 13 – 14 October, 2018; showcasing the awesome architecture and never-seen-before views from the rooftop of the tallest tower in Brisbane.
LOVE IT OR LIST IT Q&A DINNER Popular TV show hosts Andrew Winter and Neale Whitaker, of Lifestyle’s “Love It Or List It”, are coming to Brisbane on Tuesday, 9 October, 2018 to host an evening of good food, great wine, and talk about all things property and interior design. Held at Brisbane’s Aria restaurant overlooking the river and the Story Bridge, guests will enjoy a three-course meal by Australian celebrity chef Matt Moran. The event coincides with the start of Season 2 of the TV series starting in September 2018. Tickets at www.eventbrite.com.
CITY PLANNING There is no denying that Brisbane is growing. Each year more people move to the Sunshine State’s capital (see page 40 for details). The expansion of the city and the development of suburbs is a sore subject for some residents who feel strongly about changes. Brisbane City Council are holding an information session on Tuesday, 30 October 2018 at the Brisbane City Hall, 64 Adelaide Street. You can book a ten-minute session with a planning specialist to raise concerns and get answers to any questions you might have.
CONSTRUCTION STARTING Ten-storey development, Serenity, on the Gold Coast’s Isle of Capri, is set to commence building by the end of 2018; as is Coorparoo’s luxury Maasra apartment development which offers supersized four-bedroom apartments, perfect for downsizers.
CONSTRUCTION FINISHING One 16 Surfers Paradise will be finishing construction before the end of the year. Just a little further down the coast, Neo Mermaid Beach is due to finish construction in November 2018 (just five apartments left). Also due or completion in November 2018 are the Carlos Residences in the Brisbane suburb of Kedron. As for house and land developments, Anchorage Hope Island Stage 3 is due for completion in December of 2018, alongside the brand-new Hope Island Market Place, also due to open December 2018.
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Can’t find information you want about a specific development? Request a PropertyMash review on our website and our journalists will investigate as soon as possible.
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Facilities at Halcyon Lakeside
DOWNSIZING APARTMENT OR RETIREMENT VILLAGE? These days, people work long into their 60s and even 70s. Choosing to downsize is no longer something people do when they retire, it is more of a lifestyle choice. People downsize for all sorts of reasons, whether you move to be closer to your children and grandchildren or to free up some equity to fund hobbies and travel; a lot of people find it hard to make the move. Once you have decided it’s time to sell up, the next big decision is where you should go. There are a lot of options out there, from luxury oceanside penthouses to swish inner-city townhouses, and everything in between. Other options downsizers have are retirement villages or over 50s communities. With a lot of residents still working, these options are popular with seniors, providing a more flexible, low maintenance lifestyle. With so many options available, how do you know where to downsize to? We talked to a
few people who have recently made the move from their family homes to find out more. Maggie and Nev Storey are residents at Halcyon Lakeside in Bli Bli on the Sunshine Coast — an active and welcoming over 50s lifestyle community. After downsizing from their family homes, the Storeys met while living at the Halcyon Waters lifestyle village back in 2007; and since they got married in 2011, they have lived in both an apartment complex and a lifestyle community. “The community and the facilities at Halcyon are incredible, we have a fantastic pool and over 40 different interest groups”, said Maggie. “When we moved from Halcyon Waters to a new apartment block in
THERE ARE A LOT OF OPTIONS OUT THERE, FROM LUXURY OCEANSIDE PENTHOUSES TO SWISH INNER-CITY TOWNHOUSES, AND EVERYTHING IN BETWEEN. Golden Beach I really missed the village, and I didn’t feel as safe living in the apartment when Nev went away.” “At Halcyon, we know our next-door neighbours and the people across the road, we didn’t feel the same at Golden Beach. We also enjoy having a house rather than an apartment, but it is very low maintenance because Halcyon maintain most of the landscaping, we just have to look after the backyard. I think a lot of people misunderstand what lifestyle villages are all about. A lot of people here still work, and are all very active”. Both in their 70s, the Storeys keep busy with travelling Australia pursuing their hobbies; Nev has a passion for gold prospecting and all things outback, while Maggie still competes nationally in tournament water skiing. “We love that we can just lock up and leave the house when we go away and we don’t have to worry about it. The village has three lakes with walking tracks, a lovely coffee shop and tapas bar,” said Maggie. “There are always street parties, guest speakers or fundraisers happening. We have a communal bus that we can use if a group of us all want to go out somewhere together
Maggie and Nev Storey
and not drive — it is the community aspect of village life that I love the most.”
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PAGE 21
Facilities at Halcyon Lakeside
Did you know from 1 July 2018, if you are 65 years old or older and meet the eligibility requirements, you may be able to choose to make a downsizer contribution into your superannuation of up to $300,000 from the proceeds of selling your home?
READ MORE ONLINE.
Another downsizer who wanted to minimise maintenance and maximise lifestyle was Ross McGregor. Having lived in Brisbane for many years, Ross wanted to stay close to his friends, but with the family grown up he didn’t need the space anymore. Moving from his home in Holland Park he purchased an off-the-plan apartment in the Sonata on Shakespeare development in the Brisbane suburb of Coorparoo. “I wanted to have a good quality of life close to my friends and family, focusing on enjoying retirement rather than yard work. I downsized a few years before I retired and it was the best decision ever,” said Ross.
Halcyon Lakeside Property
“I think the timing of downsizing is personal, and really depends on finding the right property to move into. I wanted a small, friendly complex with all owner-occupiers rather than a huge tower. I am on the top floor with views of the city and Mount Coot-tha, it’s great.” So, it seems as if, no matter the type of apartment complex or lifestyle village option you choose, there is no one size fits all. It comes down to finding the right property for you. The ultimate question then, is what should you look for when downsizing? Maggie enjoying a social event at Halcyon Lakeside
LIFESTYLE What do you enjoy doing? If downsizing is all about improving quality of life, make sure the property you choose enables you to take part in your favourite activities regularly.
LOCATION A Pandora’s box of contradicting requirements, finding the perfect location for the next stage of life is a tricky one. Make sure you consider transport, distance from amenities, as well as family and friends.
SIZE
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COMMUNITY If you are moving to a new location, consider how you will meet new people and engage with the community. Whether you choose a lifestyle village with ready-made social groups for you to join, or a friendly apartment complex with other downsizers, make sure you consider how your social life will change when you move.
Just how much space do you need? Will your family be coming to stay? Do you have a
SECURITY
large coin collection or menagerie of musical instruments that you can’t bear the thought of parting with? Whether it is people or belongings, you will need space for them, so make sure you consider this when looking for a new property.
This will be more important to some downsizers than others. But if security is important to you, consider villages or complexes with gated security, key fob entry to lifts, doors and car parks, and onsite management.
TH E
N E X T
PHAS E
I N
L UXU R I O U S L I VIN G
3 and 4 bedroom residences, private plunge pools included
FROM $980,000
Positioned in the heart of Balmoral, Victoria Residences offers a premium way-of-life worthy of the attention of the most discerning. • Grand open-plan living spaces • Gourmet kitchens with European appliances • Engineered stoned marble look benchtops • Exquisite bathrooms with opulent fittings • Private outdoor entertaining
CO NTAC T OU R SALES TE AM
www.victoriaresidences.com.au Troy Hanifin •
0410 715 291
All illustrations in this document represent artists impressions only and therefore the final product may differ. Plans and designs are copyright of Amansi Group Pty Ltd and cannot be reproduced without any written permission. These designs are not for construction. Please refer to the tender issued construction drawings and engineering drawings for correct scale and measurements. TOTO42300. Produced by www.totoandco.com.au.
WHERE TO BUY NEW LAND IN BRISBANE
BRUCE
HWY
SOMERSET REGION
FROM CBD 20KM
BRISBANE 15KM FROM
D
ICH IPSW
MWY
CB
25KM FROM CBD
MORETON BAY REGION
REDLAND CITY
LOGAN M
WY
IPSWICH IPSWICH CITY
M IC CIF
PA WY
LOGAN CITY
SCENIC RIM REGION
GOLD COAST CITY
KEY: REGION BORDERS HOSPITAL
MOTORWAY UNIVERSITY
OFF-PEAK DRIVING TIME TO BRISBANE
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BRISBANE RIVER AIRPORT AVERAGE LAND PRICE
SURFERS PARADISE
As the city expands, new land is harder and harder to come by. Many people think that to get a brand-new plot they have to venture miles from the city, and therefore the convenience of public transport, walkable amenities, and employment opportunities — but this is not the case. There are house and land packages popping up throughout Brisbane, and this handy guide will help you find them.
BURPENGARY Just a little further up the highway than the North Lakes land estates, Burpengary has great train connections and a huge number of new land lots and some acreage for sale. 45 mins
$290,000
NORTHLAKES As the suburb of Northlakes fills out, new suburbs around it are starting to take shape. Dakabin, Narangba and Mango Hill all have land estates, acreage estates and townhouses on the horizon. 40 mins
$370,000
ROTHWELL & NEWPORT There are some large developments underway in the Redcliffe area, blocks right on the water start at over $900,000. 45 mins
$480,000
SAMFORD VALLEY North west of the CBD, Samford Valley has a relaxed rural vibe and good amenities in Samford Village, which has a real community feel. Acreage is still available here so you can have the best of the city and the country. 33 mins
$600,000
MITCHELTON & EVERTON PARK The land releases in these inner suburbs less than 10 kilometres from the city tend to have a very limited number of lots available for purchase. If you are looking for a land package close to the city keep your eye on Keperra Quarry which got the re-zoning go ahead back in 2017. 18 mins
RIPLEY & DEEBING HEIGHTS With lots as small as 260 metres sqaure available, Ripley offers great value for first-home buyers. 40 mins
LOGAN RESERVE & EAGLEBY COLLINGWOOD PARK There is a whole host of land for sale between Brisbane and Ipswich. The surrounding suburbs all have multiple projects, which means you have plenty of choice and competitive pricing in this area. 37 mins
35 mins
These northern suburbs have both house and land and townhouse developments popping up throughout the area varying hugely in size, starting from great value 225 metre-sqaure lots. 25 mins
$400,000
KINGSHOLME & ORMEAU
This master-planned city has a whole range of new property planned for the area over the next decade or so. $220,000
REDLAND BAY & THORNLANDS If you want to be close to the ocean and the city, the master-planned community planned for Redland Bay could be just what you are after. Alternatively, a little closer to the city, the suburb of Thornlands also has multiple developments to choose from. 42 mins
$250,000
$200,000
SPRINGFIELD
40 mins
Ideally placed between the Gold Coast and Brisbane with excellent transport links, it makes sense that development is rife throughout the newer suburbs of Loganlea, Logan Reserve and Eagleby.
Ok, we know. It is not actually in Brisbane. But a lot of commuters are choosing to buy land here and drive or catch the train to the city each day. Acreage and smaller lots available. 45 mins
BRIDGEMAN DOWNS & ALBANY CREEK
$200,000
$450,000
$300,000
$430,000
HELENSVALE Also officially on the Gold Coast, rather than in Brisbane, the transport connections around Helensvale have made the riverfront land and new land estates popular with commuters. 55 mins
$750,000
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PAGE 25
PROPERTIES FOR FIRST-TIME BUYERS Your pennies are saved, your moving boxes are ordered and you've roped in a friend with a ute — now the exciting part begins. Buying your first home is one of the most satisfying moments of your life, and choosing the right one for you is a big decision. Take a look at these brand-new apartments available for under the $500,000 stamp duty cut-off, making them perfect for first-time buyers.
WANT TO KNOW MORE? CHECK OUT OUR REVIEWS OF THESE PROJECTS ON OUR WEBSITE.
MONTALTO 19 Jones Road, Carina Heights
Two-bedroom apartments from $440,000.
THE JEFFERSON 60 Jefferson Lane, Palm Beach
One, two and three-bedroom apartments from $399,000.
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FABRIC
2 Florence Street, Teneriffe One, two and three-bedroom apartments from $426,000.
SKYNEEDLE
16 Edmondstone Street, South Brisbane One, two and three-bedroom apartments from $424,000.
WEST VILLAGE
97 Boundary Street, West End
One, two and three-bedroom apartments from $405,000.
PRENTICE PARK RESIDENCE
2 – 8 Lucas Street, Lutwyche
One, two and three-bedroom apartments from $365,000.
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PAGE 27
THE GOLD COAST’S
TOP 5
LUXURY APARTMENTS When it comes to opulence and luxury, no one does it quite like the Gold Coast. There is something about the world-famous white sandy beaches and bright blue of the surf rolling onto the shore that takes beachside property to the next level. For the last few decades each new development has tried to outdo the last, with bigger, better, more luxurious apartments than ever before. From floor plans the size of your average acreage block to celeb-worthy home cinemas and private pools, we take a look at the top five luxury apartments on the Gold Coast available to buy now.
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SPIRIT
SURFERS PARADISE Occupying the top two levels of the building, this four bedroom, five bathroom ‘skyhome’ is the most luxurious apartment not only on the Gold Coast, but throughout the entirety of Queensland. Bringing a new level of prestige to the Gold Coast, the penthouse at Spirit is breaking all kinds of records. If sold at the advertised price of $41.2 million, it will be the most expensive single residence ever sold in the state. If you discount the spire on top of Q1, Spirit will be the tallest residential building in Queensland upon completion. Which also means this luxury apartment will be the highest residence in the state. Situated on Level 86 and 87, the penthouse spans nearly half an acre and offers a bespoke design, with a completely customisable floor plan which can cater to the buyer’s wildest dreams.
PRICE $41.2 million UNIQUE LUXURY FEATURES •
At 1899 square metres, this penthouse is the largest in Queensland.
•
The floor plan design is completely customisable.
•
Amazing ocean views and a private full-sized pool.
The penthouse is guaranteed to offer its own full-sized pool and expansive outdoor entertaining area, as well as a balcony which wraps around the entire eastern side of the building, providing unparalleled views out over the ocean. The owners will also have access to the exclusive rooftop, with yet another pool, floating lounge area and bar which is only accessible for residents of Level 57 and above. There are two further floors which also offer recreational facilities including two more pools, two gyms, two exclusive-use lounge bars, a day spa, sauna, and steam room. On Levels 1 – 4 of Spirit, you’ll find a 3530 square-metre retail precinct with Michelin Star restaurants and high-end designer boutiques. Spirit also offers an in-house car detailing service, babysitting, pet vacation care, butlers and personal grocery shoppers. Construction has already begun on the site and completion is expected in 2020.
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PAGE 29
JEWEL
SURFERS PARADISE Atop the third tower of Jewel will sit a four-bedroom, 4.5 bathroom penthouse of nearly 500 square metres. This residence truly deserves a place in the crown of Surfers Paradise.
PRICE $15 million
UNIQUE LUXURY FEATURES •
East-facing balcony and private pool with completely unobstructed views.
•
Marble and onyx finishes in the kitchen and bathrooms.
•
Access to the hotel-style facilities on Level 1 – 3, with a 24-hour concierge service.
Floor 34 is reserved for the exclusive use of the penthouse, with an internal area of 431 square metres and a 59 square metre balcony making Jewel one of the largest single-level suites available. The open terrace features a private pool and spa looking out over unobstructed views of the beaches and Pacific Ocean. All four
the ground floor of the building, for the exclusive use of Tower 3 residents. On the lowest three levels of the building, you’ll find a resort-style outdoor pool and lounge area, a heated indoor pool, gym, sauna and steam room as well as a myriad of dining options including a Michelin-starred Chinese restaurant. Jewel’s third tower is the only
bedrooms have an attached ensuite and the spa-sized freestanding bath is an eye-catching feature of the master bathroom. Floor-to-ceiling glass capitalises on the views, meaning you can always see the ocean. A 24/7 concierge is available on
exclusively residential tower, with no holiday lets permitted. All three buildings stand together to make a grand architectural statement that will see Jewel become one of the most recognisable developments in the world.
PACIFIC
PALM BEACH Situated across Level 9 and 10 of this boutique development, the penthouse at Pacific Palm Beach offers an array of lifestyle-centric inclusions. Nestled right on the beachfront at the quieter end of the Gold Coast, this 10-level development is specifically designed with the high-end owner-occupier in mind. The penthouse is the only remaining residence still available at Pacific Palm Beach, the other thirteen have already been secured with prices starting at $2 million. The main internal living area reaches an expanse of 391 square metres, with media room, study and library rooms in addition to the four bedrooms. A cold room, large butler’s pantry and private wine cellar make this penthouse perfect for foodies. In addition, there is over 274 square metres of exterior space available across the balcony and private rooftop, which is accessed via an open spiralled staircase. On the private rooftop, you’ll find an outdoor dining area with barbecue, bar, heated pool and sun deck.
PRICE $6.5 million
A media room, wine cellar, cold room and private gym on Level 9 combine with an exclusive-use rooftop with heated pool and sundeck to form this enviable residence.
UNIQUE LUXURY FEATURES •
Private rooftop with kitchen, barbecue, bar, and heated pool.
•
Wine cellar and cold room to create a fine-dining experience at home.
•
The boutique size of Pacific Palm Beach means you can cultivate a real sense of community with neighbours.
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PRICE $4.99 million
UNIQUE LUXURY FEATURES •
Two living areas and a home theatre make this penthouse feel very spacious.
•
Private eight-metre-long pool.
•
Premium fixtures including Wolf appliances, Parisi bathroomware and a Sub-Zero fridge.
OPUS
BROADBEACH Opulent finishes and a prime location in Broadbeach make the Opus penthouse truly celeb-worthy with a home theatre, two living spaces, three balconies and a private pool. The Opus penthouse spreads across the entire 258 square metres of the 27th Floor, with four-bedrooms and 3.5 bathrooms. Although Opus is positioned approximately 200 metres back from the shoreline, the view of the ocean is mostly unobstructed from Level 27 thanks to Broadbeach Park. You can really capitalise on the beachside breezes at Opus, thanks to the three balconies, totalling 191 square metres, which wrap around the penthouse. The largest balcony features an outdoor dining area and barbecue area that opens directly from the kitchen, as well as a sundeck and a private pool. Inside, the fixtures, finishes and appliances really stand out. Design highlights include Parisi bathroomware and a feature bath in the main bathroom. The kitchen features FRANKE’s tectonite technology tapware and sink, Wolf appliances, and a Sub-Zero fridge — owned by the likes of Oprah and Jamie Oliver.
PRICE $3.6 million
PERISCOPE PALM BEACH
Create your dream penthouse with 400 square metres of fully-customisable space on
UNIQUE LUXURY FEATURES •
The floor plan is fully customisable with the ability to make changes until construction reaches Level 7.
•
Wrap-around balcony with views from Burleigh to Currumbin.
•
Balcony features a barbecue and swim spa.
Level 7 of Periscope, with expansive views up and down the coastline. With only 28 apartments in total, Periscope in Palm Beach is an ideally sized development for those who prefer a community atmosphere, while still enjoying a vast array of top-quality apartment facilities, including an infinity pool, large sun deck and dining area. The penthouse itself has a private swim spa, with both hot and cold temperature options suitable
for cooling down on hot summer days and warming up while watching an autumn sunset. The balcony wraps the entire way around the apartment, offering a total of 120 square metres of outdoor space. With floor-to-ceiling windows and views of the ocean from all four bedrooms, the inside living space feels like an extension of the outdoor area. Currently, the floor plan offers
four bedrooms and 3.5 bathrooms with a media room, a wine fridge and a large statement bath in the master bathroom. Periscope offers complete customisation of their penthouse floor plan, with this option available until construction begins on Level 7. Construction has already started and Periscope is expected to be complete in October of 2019.
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PAGE 31
Since securing the site back in 1999, Stockland has transformed North Lakes from a large patch of unused land off the side of the Bruce Highway, to one of the northside’s most enviable suburbs. Rapid and continued expansion as well as a deeply-cemented focus on lifestyle, community facilities and green space, means North Lakes is well and truly on our radar. North Lakes has won Best Masterplanned Development of the Year at the Queensland UDIA Property Awards twice; and with a brand new 1.7-hectare lifestyle project expected within the next few years, North Lakes is destined to become a mini-city in its own right.
LOCATION & TRANSPORT
SUBURB PROFILE
NORTH LAKES
SITUATED ALMOST DIRECTLY AT THE HALFWAY POINT BETWEEN BRISBANE’S CBD AND THE STUNNING BEACHES OF THE SUNSHINE COAST, NORTH LAKES HAS BEEN PROVIDING TICKETS TO THE SUBURBAN DREAM FOR NEARLY TWO DECADES.
KEY STATISTICS Median apartment price $367,000
Things we love... •
options available in North Lakes. •
Median house price $492,000
There are plenty of retail and dining
In less than ten minutes, you can be on the beach front at Redcliffe.
•
The new Laguna North Lakes is expected to be another great drawcard for the area.
Median house rental value $420 per week
Median apartment rental value $360 per week
But remember that... •
North Lakes is often congested. •
North Lakes State College is expected to reach capacity in the next few years.
Transport The Moreton Bay Rail Link connects North
The only way in and out of Brisbane to
•
Most of North Lakes residents are
Lakes to the Queensland Rail network.
owner-occupiers, so opportunities to
There are also many bus routes available.
rent are not plentiful.
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North Lakes is continually expanding, with each year bringing a new drawcard to the suburb. From Bunnings, Costco and IKEA opening in North Lakes, plus a $140 million redevelopment of the Westfield Shopping Centre in 2016, to North Lakes Sports Club in 2017. North Lakes is located just 40 minutes from Brisbane city, and 45 minutes to the Sunshine Coast. Anzac Avenue provides easy access to the Bruce Highway, heading in both directions. Traffic along the Bruce Highway and Gympie Road is very busy during peak hour, with no real viable alternative route into the city. However, thanks to the Moreton Bay Rail Link, nearby Mango Hill Train Station gives residents access to the Brisbane Metro rail services. The North Lakes bus station is located on the opposite side of Endeavour Boulevard to the Westfield, with bus routes running throughout the suburb and connecting to city-bound buses.
LIFESTYLE Within North Lakes itself, there is a wealth of services and dining options right in the heart of the community. Westfield North Lakes opened their brand new dining precinct in 2016, bringing plenty of new and exciting food options to the area. The Westfield is also home to an Event Cinema, so there’s no excuse for skipping date night. There are plenty of quality cafes nearby (renowned as some of the best in Brisbane) with BLVD Bar and Cafe and The Fort Speciality Coffee
Lake Eden
coming in on the top of our list. There is also a health precinct with a hospital and several specialist clinics.
Stockland’s Laguna North Lakes
The Corso is the newest addition to North Lakes, providing a large community centre with commercial kitchen, meeting rooms and function spaces as well as a large terrace. Lake Eden is located in the middle of North Lakes as its stunning centrepiece, offering a great location for barbecues and picturesque walks on the footpaths surrounding it. Lake Eden is also home to a beautiful population of black swans. North Lakes Golf Club sits towards the back of the suburb, with an 18-hole golf course and a beautifully maintained green. In July of 2018, North Lakes Golf Club announced their impending closure scheduled for the end of 2019. Since then, the community has rallied in support of the golf club, rumoured to be being sold to Village Retirement Group. The suburb demographic is primarily families who make up 59 percent of residents; the majority are young owneroccupiers with the average age of people living in North Lakes between 20 and 39 years old.
EDUCATION The local catchment school is North Lakes State College, which services Prep to Year 12 and consistently scores highly in both NAPLAN and OP results. With 2,997 students enrolled in North Lakes State College in 2017, the school is predicted to reach capacity (3320 students) within the next few years. The Lakes College is the closest private school, which achieved OP results within the top ten in the state for 2016 and 2017. The University of the Sunshine Coast Petrie campus, opening in 2020, is estimated to draw 10,000 students within its first decade of operation. This campus is only 15 minutes drive from North Lakes, so the suburb is expected to benefit from the influx of new students.
CURRENT PROJECTS NEAR NORTH LAKES VIDA NORTH LAKES 24, The Corso, North Lakes Two, three and four-bedroom townhouses from $419,000.
DEVELOPMENTS While the majority of North Lakes has already been developed into house and land estates over the last couple of decades, there are still a few areas remaining. Vida North Lakes is a collection of 96 townhomes located within walking distance of Lake Eden; which is currently under construction and scheduled for completion in 2019. The surrounding suburbs of Griffin, Mango Hill and Dakabin are capitalising on the services and lifestyle offering available in North Lakes, with house and land developments available in all three suburbs. Early in 2018, Stockland launched Laguna North Lakes — a $250 million project featuring commercial space, a hotel, events centre and other community facilities. Planned to begin construction next year, Laguna North Lakes is being developed by the George Group and Pointcorp who brought Brisbane’s James Street to life. With high street retail, alfresco dining and trendy bars all set to take the retail tenancy along Laguna Drive, Laguna North Lakes will cement North Lakes as the premier lifestyle destination in Brisbane’s northern suburbs.
ASPIRE GRIFFIN Wesley Road, Griffin. Land over 300 square metres for sale from $237,500. CAPESTONE Napier Avenue, Mango Hill Land packages from $220,000, house and land packages from $472,500. PROMENADE Morris Street, Rothwell House and land packages starting from $383,000. SILVAN RISE Whitehorse Road, Dakabin House and land packages with three and four-bedroom homes from $461,500.
See full reviews and construction updates for each project online at PropertyMash.com
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PAGE 33
HOW TO MAXIMISE THE RETURNS ON YOUR HOLIDAY HOME There are a range of factors that motivate people to buy a holiday home, investment being one of them. We caught up with Jordan Property Group’s Sue Jordan to find out how you can make the most of your investment property.
Q: Does the location of your holiday home impact the return on your investment? A: Definitely, you have to do your research. In South East Queensland, there can be oversupply in coastal areas, so if you are looking to buy here you have to make sure the property is unique in some way. Don’t just do what everyone else is doing, because you won’t stand out. You have to always think to yourself, “why would someone choose to stay here over anywhere else?”. Ultimately, your holiday home is a business, and for businesses to make money they have to out-do the competition.
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Q: What should readers bear in mind when choosing a location?
Q: When it comes to choosing the actual property, what are the things to look out for?
A: Make sure people have a reason to go to that area, whether that is being next to a beach or tourist attraction; or being close to a sports stadium, conference centre or big hospital. Transport and parking are also major considerations depending on your target market.
A: It is important to remember there is a big
ALWAYS BUY WHERE YOU WOULD WANT TO HOLIDAY, CHANCES ARE OTHER PEOPLE WILL WANT TO GO THERE TOO.
difference between an investment property you rent long term and a holiday home that you also rent for short stays. If you don’t intend to use it yourself, the property you choose could be entirely different. When you’re researching make sure you work out your Rate vs Occupancy. Your short-term rental doesn’t have to be full all the time to make money, and conversely, it doesn’t have to have a high price per night to bring in a big profit — as long as you get the bookings.
Q: If you could give PropertyMash readers one tip for maximising the return on their investment, what would it be?
Q: What advice would you give readers when it comes to managing the property themselves vs using a management company? A: Managing a holiday let is a 24/7 job 365 days a year. People often burn out managing it themselves long term, but it is a great idea to do it yourself for the first few months so you can get an idea of how the business is going to work. Then you can put a team in place to manage it for you. Part of my job is training people on how to manage their rentals to get good returns.
Q: What are the setup costs that people don’t think about? A: When you have to furnish an entire property from scratch you are normally looking at about $10,000 – 15,000 for a onebedroom apartment, with an extra $3,000 per bedroom on top of that. Furniture, linen, TVs, washing machines, dishwashers, a fridge — even if you buy second hand, it all adds up. Depending on the area you buy in, different local councils will have different application fees when setting up a short-term rental, and different costs for your quarterly rates, this can make a huge difference in both your initial setup costs and ongoing costs. Other ongoing costs to think about include short-term rental insurance, wifi, higher than usual water and electricity bills, cleaning and laundry costs; even small things add up, like refilling tea and coffee or buying toilet rolls.
A: To be competitive in today’s online world you need good reviews, a good description and good photos. First impressions count (both online and when they arrive), so if you can present your property well on whichever portal you choose to advertise on, give good customer service, and get great reviews, you will already be ahead of the game.
Q: If you had $500,000 available for a holiday home right now, what/where would you buy to maximise returns? A: Look for somewhere with poor supply and high demand. Where have you stayed recently that you struggled to find a decent apartment to rent? I think South Brisbane is one of those areas at the minute, and it is close to The Gabba, the Brisbane Convention & Exhibition Centre, etc so there will always be people passing through.
Q: If you had $1 million available for a holiday home right now, what/where would you buy to maximise returns? A: If you have a large budget consider buying multiple properties. Remember not to put all your eggs in one suburb, so to speak. Buying smart is all about having a backup plan. Plan A would be short-term rentals, but if you buy somewhere where long-term rentals are also in high demand it gives you a Plan B, which is important in today’s volatile market.
Sue is the author of upcoming book Ready, Set, Host: The Ultimate Guide To Setting Up A Short Term Rental, due to be released in 2019.
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PAGE 35
THINGS YOU NEED TO KNOW
BEFORE YOU BUILD
MICHAEL STARR FROM LJ HOOKER SHARES HIS TOP-TIPS FOR FIRST-TIME HOME BUILDERS. KNOW HOW MUCH YOU CAN AFFORD
TOP TIPS
If you’re serious about building a home, the amount of money you can afford to spend has to be one of your first considerations. For most people this means getting a home loan, and so, getting a pre-approval is the place to start. Contacting a mortgage broker who is experienced in house and land finance and can offer a variety of lenders is
• Be aware that any credit cards, car loans, and personal loans, etc, can be viewed by the bank as if they were ‘maxed out’ to the limit. This can be the difference in getting approved for the amount you need or whether you can obtain finance at all.
often a key contributor to whether you can get finance approval. Different lenders may have small variances in their lending criteria and the broker will be able to guide you on how you may best fit with a particular choice. Once you’ve found out how much you can borrow, you can start looking for a property that matches the amount you can afford. Six Mile Creek Estate
• Work on your deposit — the bigger the better. A big deposit will open more options to obtain better finance deals. If your deposit isn’t large, ask your broker and parents if an Equity Guarantee is an option. Equity Guarantees are often a great way for parents to help first-home buyers to enter the property market.
UPGRADES, ADD-ONS AND ADDITIONS No matter the house and land price you end up negotiating, the reality is that the lender will conduct a valuation (and other
checks) to make sure the property will be worth enough to cover the loan; and that the deal is sound enough for them to lend you money. If you’re serious about entering the market, perhaps have a small deposit, and want the best chance of getting your finance approved — don’t go overboard with extra house inclusions. The lender will usually be comparing your proposed deal with other comparable existing properties sold close by, which may or may not have non-standard additions. The valuation often doesn’t discriminate between expensive upgraded roof tiles and standard tiles — isn’t a roof a roof? If you want upgrades and are working to a tight budget, consider leaving out items that can be added once the build is complete. Only include structural items that should be incorporated in the building of the home. Maybe the built-in barbecue or the European kitchen appliances could be a future purchase? Better to have a standard oven rather than no house because you can’t get finance. If you do add in a few upgrades to your build contract, and the valuation comes in lower than you had hoped, be prepared to compromise on removing expensive items, which may help the deal progress.
HOW SOIL QUALITY AFFECTS YOUR BUILD What should I know about foundations and soil quality? In brief, a soil test will be conducted on your land so that an appropriate slab design can be produced for the conditions. This typically occurs when you pay an initial deposit ($1,500 or so) to a builder to perform that task, amongst others such as a contour survey. When you’re initially getting quotes from a variety of builders you should understand what they’ve allowed for in terms of the foundations/slab. This is important because there can be significant differences in the final price, depending on the soil conditions.
Mantra by Metricon
A builder could offer a quote based on the best-expected conditions, but a little research on the area might reveal this best-case result is not a likely expectation. From this, you can begin to understand what should be allowed for in your initial quote. This will mean the price you are working on is closer to reality when you eventually handover money for the soil test. Good, upfront salespeople, based on their experience, will offer some guidance on what to expect in their estate. Some builders (usually larger ones) may offer a fixed price on their foundations, and this is often a reassuring purchasing aspect for buyers.
TOP TIPS •
Even if a fixed price is offered on the
foundations, ask about the Rock Clause in the building contract and whether they cover or allow for any discovery of rock on site during construction. Rock excavation can be costly. This is something again to do a little research on in the area in which you’re looking to build. The aim is to eliminate any costly surprises.
WHAT YOUR QUOTE INCLUDES What does turnkey actually mean? In theory, it is meant to reflect a price that includes everything. All you do is ‘turn the key’ and walk into your completed home, with finished driveways, landscaping, curtains etc. But, every builder has their own idea of what turnkey should include. As well as variances in inclusions there are definitely variances in the quality of products they offer. Be sure to compare specifications and don’t forget the foundations! The most important thing to remember is that turnkey does not mean the price they have given you is a fixed price.
HOW FENCING WORKS Has your builder included fencing into your quote? Have they quoted for a full share of fencing or half? This is a very common problem area which can cause disputes with new neighbours; all because the builder hasn’t informed you of the process with the shared costs of fencing. In Queensland, the cost of fencing should be shared equally between neighbours. If you are being quoted for the full costs of the fence, what about your neighbours’ contributions? These items usually need to be negotiated prior to installation. If the fence is paid for in full by you without prior negotiation with neighbours, I would be praying my neighbours were good people and offered to pay their half, however, this subject does cause problems in some cases. Negotiation on fencing should be instigated by the client or builder and done well in advance of the fence being constructed so that there are no issues. However, this is not always possible; for example, building your home when the adjoining lot has not been purchased yet. Regardless of which way the builder includes the fencing cost — what will they do to ensure you get your contributions from the surrounding neighbours? This is definitely something to be aware of and something that could cost you thousands more than it should if you aren’t careful.
reflective of the brochure they hand out. Most builders use the display home as an opportunity to show off what they can do. The home may not be a standard offering, in some cases including a lot of non-standard upgrades. Often there will be a pre-prepared list of upgrades and some builders include this list along with the standard specifications, but some may not. Some other builders go the complete opposite direction with their display offerings and don’t even have furniture in the home. They look to display exactly what their specifications are. These homes aren’t usually as ‘pretty’ to look through, however, they do offer a realistic representation of the product you’re paying for. To avoid the disappointment of not getting that big beautiful engineered window that was at the display home, be sure to ask for a list of upgrades to compare to the normal specifications you may be looking at.
Michael is the Sales and Projects Manager at LJ Hooker Land Marketing Queensland. He manages multiple subdivisions across the Sunshine State. Michael Starr
DISPLAY VILLAGES ARE NOT ALWAYS A REFLECTION OF STANDARD OFFERINGS Browsing display villages with the latest offerings on show from various builders is a great way to get inspiration, and to hunt for a suitable builder. But, it is important to remember that display villages and the homes builders have there aren’t necessarily
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PAGE 37
BROADBEACH
SUBURB PROFILE
LOCATED JUST A STONE’S THROW FROM SURFERS PARADISE, BROADBEACH IS RAPIDLY ASCENDING OUR “GOLD COAST FAVOURITES” LIST. WHETHER YOU’RE AFTER A MORNING SURF OR A TIPPLE FROM YOUR LOCAL, BROADBEACH IS A HUB FOR ALL THINGS LIFESTYLE.
KEY STATISTICS
VUE Broadbeach
Median apartment price $495,000
Median rental value $430 per week
Transport Bus, G:Link light rail, cycle paths
Things we love... •
Proximity to one of the best beaches in the world.
•
Unlike Surfers Paradise, Broadbeach isn’t as focused on tourism, instead prioritising lifestyle
•
for locals.
With white sandy beaches on your doorstep,
down the coast, as well as inland to beautiful
The casual dining and cafe scene in
Broadbeach is more than just a tourist
regions like Springbrook never takes too
destination. Little brother to the neighbouring
long. While there are quite a few parking
Surfers Paradise, Broadbeach takes things a
bays throughout Broadbeach, they are very
bit slower. However, with a huge number of
busy even on weekdays, and on weekends
new developments coming to the suburb over
it’s near impossible to nab a park.
Broadbeach is thriving.
But remember that... •
•
Parking around the streets of
the next few years, we anticipate Broadbeach
Broadbeach is very limited.
is about to enter the big league.
Walkability and public transport around
LOCATION & TRANSPORT
to the G:Link light rail system that runs
Situated just off the Gold Coast Highway,
destinations including shopping centres and
There a few areas of Broadbeach dense with backpackers.
•
The boardwalk at Broadbeach
Broadbeach is dominated by apartments, with most limited to three-bedroom floor plans.
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between Surfers Paradise and Mermaid Beach, Broadbeach is nestled right in the
Broadbeach is great, with convenient access across the coast and provides access to key retail precincts.
heart of the Gold Coast. Easy access to the
While the bus system is more
highway means making your way up and
comprehensive, the G:Link light rail system
Club which had a recent facelift in time for the 2018 Commonwealth Games. The Oasis Shopping Centre sits right in the heart of Broadbeach, with plenty of retail and dining options in the newly renovated alfresco area. There are also new boutique shops and restaurants popping up all the time around the expanding Oracle Boulevard at the back of the shopping centre. For those who are partial to a touch of retail therapy, you can’t go past Pacific Fair, only six minutes drive from Broadbeach, Pacific Fair has undergone a huge expansion and has over 400 retailers, with luxury brands aplenty. Next door to Pacific Fair, the newly upgraded Star Casino, Dracula’s Cabaret, and the Gold Coast Convention Centre provide lots of events and entertainment. When it comes to entertainment, Broadbeach has it sorted, with a whole host of beachside live music festivals throughout the year.
EDUCATION In terms of local schools, Broadbeach State School sits on Alexandra Avenue, putting it within walking distance of the majority of the suburb. For seniors, Merrimac State High School is less than ten minutes drive away. Griffith University is a 20-minute drive away in Southport and Southern Cross University is definitely a big plus for the Gold Coast,
is 30 minutes in the other direction, down
with trams running every seven minutes or
near Coolangatta/Tweed Heads.
so. Another great feature of Broadbeach is the newly launched bike share scheme, Mobike, operating similarly to Brisbane’s CityCycle. Located between Surfers Paradise and Burleigh Heads, you can rent them via a mobile app. Some Mobikes even have surfboard racks!
LIFESTYLE With all the new luxury apartments popping up throughout the suburb, the skyline of Broadbeach is definitely shifting further away from free-standing homes and duplexes towards high-rise living. The area is a favourite for downsizers, living the dream of retiring to the beach. There is also a plenty of young professionals without children living in Broadbeach — with families making up only 36 percent of the
DEVELOPMENTS
CURRENT PROECTS IN BROADBEACH VUE BROADBEACH 10 First Avenue, Broadbeach Two and three-bedroom apartments, and penthouses from $685,000. QUBE 2–4 Jubilee Avenue, Broadbeach Two and three-bedroom apartments from $639,000. SIGNATURE BROADBEACH 12–18 Philip Avenue, Broadbeach One, two and three-bedroom apartments from $495,000. ELYSIAN 185 Old Burleigh Road, Broadbeach Two and three-bedroom apartments, beach villas and penthouses from $785,000. KOKO BROADBEACH 12–14 Elizabeth Avenue, Broadbeach Two and three-bedroom apartments from $629,900. OPUS BROADBEACH 16–18 Chelsea Avenue, Broadbeach Two and three-bedroom apartments, and a penthouse from $599,000. THE STAR RESIDENCES 1 Casino Drive, Broadbeach One and two-bedroom apartments from $482,000. THE BEACH APARTMENTS 50 Surf Parade, Broadbeach Two-bedroom apartments from $639,000.
Apartment expansion on the Gold Coast has reached (quite literally) brand new heights over the last few years and Broadbeach is no exception. With Broadbeach being an owner-occupier orientated suburb, the apartment developments in the area have a strong focus on luxury and lifestyle, with most offering larger-than-average two and
See full reviews and construction updates for each project and get exclusive offers from developers at PropertyMash.com
PROPERTY MASH.COM
three-bedroom apartments. Currently, there are eight major apartment developments under construction in Broadbeach, with a handful more proposed but not yet approved. One of the key proposed developments is known as CLASS, a glass-encased, 54-floor residential tower with two recreation levels and a green wall. If approved, CLASS will join the ranks amongst a myriad of other
suburb’s residents.
high-end developments, with price points
Broadbeach boasts many local retail and
Broadbeach is developing into the “place to
dining options, with plenty of internationally
buy” for beachside apartment luxury. Similar
inspired restaurants to get you through
to the development styles further up the
the week without eating the same thing
coast in Surfers Paradise, Broadbeach is
twice. Federation Park and Kurrawa Park
starting to move towards mixed residential
are located just off the beachfront with an
developments with a combination of hotel
excellent playground for the little ones,
rooms and private residences; such as the
fortnightly markets, and the Kurrawa Surf
new Star Casino project, The Star Residences.
far above the average for the suburb.
Signature Broadbeach
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PAGE 39
BOOM IN MIGRATION TO THE SUNSHINE STATE
OVER THE LAST YEAR ALONE, THERE’S BEEN A DRAMATIC INFLUX IN INTERSTATE MIGRATION TO QUEENSLAND, WITH MORE PEOPLE CHOOSING TO MOVE TO THE SUNSHINE STATE THAN ANYWHERE ELSE IN AUSTRALIA.
30,687 people migrated to QLD from other states in 2017
Making the journey north isn’t just for migratory birds and humpback whales anymore — it’s becoming the norm for Sydneysiders too. More interstate migrants have started calling Queensland home over the last seven quarters than since the end of the Global Financial Crisis (GFC), and there’s no doubting why. The inflated property market in many Australian cities, Sydney more significantly than any other, has led to a dramatic increase in the number of Australians who’ve made the move to the Sunshine State. The latest Australian Bureau of Statistics data released in December 2017 highlights a dramatic transitional period, with Queensland, Victoria, Tasmania and the ACT all recording net interstate migration booms, Queensland with the highest migration gain. Net losses were experienced in Western Australia, South Australia, the Northern Territory and most dramatically, New South Wales. Of all interstate migration, 27.5 percent of people relocated to Queensland, a total of 30,687 people. Within the last twelve months, the rate of interstate migration to Queensland has approached figures seen before the GFC, with 20 percent of total population growth being attributed to out of state migrants. The pre-GFC migration boom was caused by new jobs in mining and gas, this time however, it is people escaping high property prices in other states. Affordable housing, year-round great weather, plenty of new investment opportunities, growth in the job market, and exciting new infrastructural developments throughout the state make Queensland the no-brainer choice for Sydney locals who can no longer justify the inflated cost of living. With an increase in demand comes a natural increase in the competitive nature
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1,649
30,687
2,654 1,959 15,322 1,107 7,112 Data by the Australian Bureau of Statistics. Graph by PropertyMash. NSW, ACT, VIC, TAS, WA, SA and NT are represented as total numbers migrating into Queensland.
AFFORDABLE HOUSING, YEAR-ROUND GREAT WEATHER, PLENTY OF NEW INVESTMENT OPPORTUNITIES AND GROWTH IN THE JOB MARKET MAKE QUEENSLAND A NO-BRAINER. of the market. All of these new Queenslanders need somewhere to live, and while many will end up renting some will invest in property here, so these statistics indicate great things to come for the property sector in the Sunshine State. More demand means that prices are only going to go one way. The latest economics report by the Bank for International Settlements predicts price growth of up to 13 percent in the next three years, so now is
884 a great time to get started on the Brisbane property ladder. The same data suggests Sydney and Melbourne markets will stagnate completely, meaning Queensland is likely to become an even more tempting hotspot. While this migration increase will be dispersed throughout the entirety of the state, Brisbane and the Gold Coast are expected to notice a significant boom. The latest Deloitte Access Economics report, Business Outlook, highlights expected growth not just in the property sector, but a job and infrastructure boom may also contribute to the interstate migration rates, with more to come in the future. It seems, just like those whales frolicking off the Fraser Coast, Queenslanders really do have something to get excited over.
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RENTVS BUY
THE GREAT HOUSING DILEMMA As house prices continue to rise, many
just above $500,000, making the Sunshine
Queenslanders are asking the question
State one of the most affordable places in
“should I rent or buy?”. This isn’t just limited
the country to buy. Brisbane is also one of
to millennials either, with one in three
that nation’s most rent-heavy areas, with
first-home buyers significantly worried
48 percent of Queenslander’s renting.
about the amount of debt they accrue as
The latest finder.com.au survey suggests
they take a step onto the property ladder.
over three million renters around the
There’s so much rhetoric around renting or
CRUNCHING THE NUMBERS Figures based on the median house price of $500,000 and the median rent price of $450 per week in Brisbane.
BUY Upfront cost
$125,000
Monthly mortgage repayment
$2,070
Quarterly council rates
$350
Annual maintenance cost
$3,000
Total payment over 10 years
$417,400
country feel they might be renting for the
Remaining loan balance
$312,980
buying, often rooted deep in the personal
rest of their lives — and perhaps this isn’t
Equity in home*
experience of family members or real
necessarily a bad thing. Renters don’t pay
estate agents. While owning your own
rates, maintenance fees, body coporate fees
free-standing home has been part of the
or home insurance, and there’s no upfront
‘Australian dream‘ for decades, everyone has
stamp duty to pay either. In the short term,
also heard the phrase “rent money is dead
renting is without a doubt the cheaper
money.” But if rent money is dead money,
option with more money ending up in your
then so too are interest repayments. So what’s the answer? And has it changed in the
pocket month-to-month when compared to paying off a mortgage. Renters also have the
last decade?
flexibility to live in a suburb they may not
87 percent of all Australians surveyed
flexibility with house size and location,
by Mortgage Choice last year believe the ‘traditional dream’ of home ownership is becoming more difficult to achieve. The pressure to buy your own home is still quite deep-seated in Australian culture. Even though the idea of a ‘dream home’ has become more flexible to include apartments and townhouses — it can result in buyers borrowing more money than they can
be able to afford to buy in and have greater
*Based on 8.1% yearly appreciation
$776,500*
RENT $1,950
Total monthly payment Total payment over 10 years
$202,800
Savings after 10 years*
$639,440
*Based on investing money not spent on mortgage
Figures are only approximate and were calculated using the YourMortgage calculator. Please seek appropriate financial advice before making any investment decisions.
relishing in the ability to move with ease. On the other side of the coin, taking the plunge and purchasing property is most certainly an easier and more-reliable way to build your long-term financial gains, with the majority of properties in Australia gaining value above inflation rates over a period of a decade or longer. Although a large part
really afford.
of your monthly repayments may be going
It’s an indisputable fact that property
part is paying off your loan and therefore
prices do increase long-term. According to
building equity in your own property
Domain’s quarterly house price report, the
rather than your landlord’s. Living in your
median house price in Brisbane is sitting
own home also means you’re not limited
towards paying off interest, a significant
by landlord restrictions. You can paint, renovate, landscape and put as many hooks in the walls as you want without worrying about breaching a rental agreement. Even with stamp duty fees, interest payments and all other additional expenses that go with owning a property, it’s still generally considered to be more favourable than renting in the long term. It’s a stable investment that maximises your returns thanks to a little thing known as capital gains. While renters can still build a significant investment portfolio by investing the money you would have spent on a mortgage into shares, it doesn’t often work out that way (that new car and exotic holiday are just too tempting). Making repayments on your property is a way to enforce your savings, forcing you to ‘save’ at a rate that’s likely higher than if you were renting. No matter which option you decide on, housing will be the biggest ongoing financial cost throughout your life. With many pros and cons in both camps, what it all boils down to is making the right decision for you.
RENTVESTING: WHAT IS IT AND SHOULD YOU BE DOING IT? HEAD ONLINE NOW TO FIND OUT PAGE 42
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AN IDYLLIC PARKLAND COMMUNITY JUST 11KM NORTH OF THE BRISBANE CBD.
ARTIST IMPRESSION, INDICATIVE ONLY.
THREE-BEDROOM TERRACE HOMES FROM $470,000.
DISPLAY OPEN DAILY FROM 10AM TO 4PM 10 FRANCIS ROAD, EVERTON HILLS SUNLANDGROUP.COM.AU/EVERTONHILLS PHONE 1300 822 601
GOLD COAST
PROPERTY REVIEW
SUBURB Hope Island, Gold Coast
33 Sickle Avenue, Hope Island
PROPERTY TYPE
Park Cove Hope Island is a master-planned development, 20 kilometres north of Surfers
Villas
Paradise. With 44 villas, 31 parkside terraces and 16 waterfront homes already sold, the latest release ‘Park Cove Eastern Villas’ offers a rare opportunity to be a part of this waterfront Hope Island community. Launched on 9 September, 2018, 15 of these villas have already sold. This stage of the development is scheduled for completion in December 2019.
DEVELOPMENT SIZE 36 residences in current release
CONSTRUCTION STATUS Construction not started
DISPLAY SUITE
Open 7 days, 10am – 4pm
LOCATION
$519,000 for villa
Positioned on the northern end of the Gold Coast, in amongst the winding passages and canals of the Coomera River, Hope Island is a boaties paradise. Park Cove is less than four kilometres away from two of the best golf courses in the area and Sanctuary Cove Resort is also only a 10-minute drive away if you ever needed a staycation (not that you would when living here). The Hope Island Marketplace, due to open in December of 2018, is only 800 metres away.
Things we love... It’s rare to find a development offering property with a marina berth for under $600,000 in this area. •
The opening of Hope Island Marketplace and Westfield Coomera will provide convenient access to great retail and dining.
•
So far, the Park Cove residents are primarily owner-occupiers, giving the area a community feel.
But remember that... •
Only six of the 36 villas in the current release have canal frontage.
•
Park Cove Eastern Villas are situated within a gated residential enclave and offer marina berth packages with each home from $584,000, making this development a great option for downsizers and empty-nesters looking for a lifestyle change. The villas are sized between 178 and 224 metres squared.
STARTING PRICE $584,00 with a marina berth
•
PARK COVE EASTERN VILLAS
There’s plenty of infrastructure development planned for the area over the next few years and construction may cause disruption.
COMMUNAL FACILITIES Buyers at Park Cove Eastern Villas will have the option to purchase their own deep-water, bridge-free marina berth with direct ocean access. With only eight berths available, they likely won’t be on the market for long. Residents of Park Cove Eastern Villas also have access to a communal pool, barbecue and entertaining area.
VILLA DETAILS The majority of the villas have three or four-bedrooms and two car spaces. Something not often found in this price range is the two large living spaces and oversized master bedroom, which makes Park Cove Eastern Villas very attractive for downsizers who are accustomed to the extra space. All villas have high ceilings of 2.7 metres, reconstituted stone benchtops and designer tapware. In the kitchen, you’ll find European appliances — either Bosch or Miele. The air conditioning is ducted and all villas are NBN ready.
DEVELOPER DETAILS Park Cove Hope Island is the flagship Australian project for developers Keylin Group. Established in Beijing, Keylin Group has been primarily operating from Brisbane since 2010.
READ OUR FULL REVIEW OF PARK COVE VILLAS ONLINE AT PROPERTYMASH.COM PAGE 44
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BRISBANE
PROPERTY REVIEW MONTEGO HILLS
SUBURB
Upper Ormeau Road, Kingsholme
Kingsholme, Gold Coast
PROPERTY TYPE
Montego Hills is a large house and land development offering acreage blocks of up to 8,245 square metres just a 10-minute drive from the M1 highway in Kingsholme. The leafy-green area is peppered with rolling hills and, upon completion, 140 hectares of the development will remain dedicated to open space. With walking tracks, bridle paths and expansive views, the large blocks at Montego Hills are perfect for families looking for a tree change.
House and land
DEVELOPMENT SIZE 158 acreage lots
LAND SIZE
With starting prices from $748,000 for house and land, the Villawood Properties development offers great value for money considering the location and the size of the blocks. Only 20 kilometres up the highway towards Brisbane, similarly priced house and land packages will be set on blocks one-tenth of the size — if you’re lucky. So far, the first five stages of the development have sold out completely, with some homes in these stages already complete. There are around 40 lots still available in Stage 6 and Stage 7.
4,046 – 8,245m²
FRONTAGE 33.5 – 69.8m
CONSTRUCTION STATUS Stage 6 & 7 selling now
LOCATION
SALES CENTRE
Situated only 20 minutes from the Gold Coast and 50 minutes (on a good run) to Brisbane, Kingsholme offers a great balance between a semi-rural lifestyle and easy access to local attractions and entertainment. In terms of public transport, the train station is a short threekilometre drive away in Ormeau. Within a ten-minute drive of Montego Hills, you can also access local schools, cafes and shopping centres.
Open S at – Wed, 10am – 5pm
STARTING PRICE $429,900 land only $748,000 house and land
COMMUNAL FACILITIES Although they are also accessible to the public, the eight kilometres of hiking tracks and bridle paths that border the lots of Montego Hills are a great drawcard for the development. There is also a lovely lookout with views across Moreton Bay out to North Stradbroke Island.
Things we love... •
acreage- size land blocks.
LAND DETAILS Montego Hills comprises of 158 lots of varying size between one and two acres. The frontages range from 33.5 to 69.8 metres, with most sitting around the 45-metre mark. While the option is there to purchase the land independently, Montego Hills also offer packages coupled with a home by Aston Milan or Oracle Platinum Homes. The house and land packages range between $748,000 and $1.1 million for four or five-bedroom homes, spaced out over a minimum of 300 square metres.
DEVELOPER DETAILS Montego Hills is being developed by Victoria-based company Villawood Properties who are also currently developing Sequana in Logan and The Surrounds in Helensvale.
Great value for money with
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Dedicated green space so expansive views won’t be compromised.
But remember that... •
The majority of the blocks slope quite a lot, making it more difficult to utilise the space.
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Kingsholme is 47km from Brisbane CBD and travel times can be over an hour in peak conditions.
READ OUR FULL REVIEW OF MONTEGO HILLS ONLINE AT PROPERTYMASH.COM
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PAGE 45
GOLD COAST
PROPERTY REVIEW
SUBURB Palm Beach, Gold Coast
1265 Gold Coast Highway, Palm Beach
PROPERTY TYPE
Periscope Palm Beach is a beachside development with open-plan apartments designed to
Apartments
take advantage of the cross-breezes coming from the ocean. With only 28 apartments across the whole development, this boutique project focuses on delivering large floor plans, quality finishes and luxury amenities for residents, including a barbecue, dining area, and rooftop spa and infinity pool. The top floor is reserved exclusively for a luxury penthouse with a floor plan of 400 square metres. Periscope is only meters from the beach, with ground floor apartments having near-direct beach access. Demolition on the existing site commenced in June 2018 and construction started in September of this year. The completion date for the building is currently scheduled for September 2019.
DEVELOPMENT SIZE 28 apartments
CONSTRUCTION STATUS Completion expected Oct 2019
DISPLAY SUITE
Open Sat & Weds, 10am – 4pm
STARTING PRICE $530,000
Things we love... •
Each apartment will enjoy excellent ocean breezes thanks to floor-to-ceiling glass doors.
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The rooftop pool and spa are a great addition to the development.
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The floor plan of each apartment is completely customisable, so buyers can create their dream home.
But remember that... •
Being on the Gold Coast Highway makes transport is easy, but you may hear some traffic noise from the lower floors.
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The quieter Palm Beach location means you’re approximately half an hour outside of the more central Surfers Paradise and Southport.
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PERISCOPE
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LOCATION Periscope is just a few steps from the golden sandy beaches and warm waters of the Pacific Ocean. Located on a quiet stretch of the Gold Coast Highway, Periscope is ideal for working professionals and downsizers alike. The forefront of Palm Beach is scattered with shops, cafes and restaurants and Periscope is a five-minute drive from Burleigh Heads National Park and Tallebudgera Creek.
COMMUNAL FACILITIES Residents have access to a number of amenities which are all situated on the rooftop of the building to capitalise on those ocean breezes. These include a barbecue and dining area as well as a sun deck, rooftop spa and infinity pool. The luxury penthouse also includes a private swim spa in addition to the rooftop communal facilities.
APARTMENT DETAILS All apartments at Periscope offer floor-to-ceiling windows to maximise the views which are complemented by timber-look floor tiles throughout the living areas. The kitchens are very functional, with large double sinks and Bosch appliances. Apart from the penthouse, all Periscope apartments have two bedrooms and two bathrooms. The penthouse offers four bedrooms and 3.5 bathrooms, as well as an additional media room, large living area and four car spaces. One of the most noteworthy aspects of the development is that each floor plan is completely customisable up until construction reaches the apartment.
DEVELOPER DETAILS Palm 8 Developments are a boutique development company on the Gold Coast. Working with them on the Periscope project are Raunik Design Group and Hutchinson Builders.
READ OUR FULL REVIEW OF PERISCOPE ONLINE AT PROPERTYMASH.COM
Coming up in the next edition… In our Summer 2018/19 edition we look back at Brisbane’s skyline over the last couple of decades, find out about luxury living on the Sunshine Coast and bring you all the latest info from land estates on the Gold Coast.
E VOLU T ION OF T HE B R ISB A NE SK Y L INE
SUNSHINE COA S T ’ S TOP 5 LU X URY A PA R T MEN T S
W HER E TO F IND L A ND ON T HE GOL D COA S T
How has the river city changed in the last 20 years?
What does luxury look like living on the sunshine coast?
Want to build your own home? Find the new estates on our handy map.
Can’t wait that long? Visit us online at PropertyMash to see the latest news and construction updates for all new build properties in Brisbane and on the Gold Coast. Don’t forget to take a photo with the magazine for your chance to win a $500 IKEA voucher. Competition closes 31 November 2018, T’s & C’s apply.
@PROPERTYMASH
PROPERTY MASH.COM
PROPERTYMASH.COM the place to search for new property
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Boutique 1, 2 & 3 Bedroom Apartments from just $344,000. 365 ST PAULS TERRACE, FORTITUDE VALLEY
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