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Balmoral home by Brisbane’s best architect sells for nearly $2m



Brisbane residential

A Balmoral house designed by one of Brisbane’s hottest architects sold for almost $2 million when it went under the hammer on Saturday.

Shaun Lockyer is among the most acclaimed architects in Queensland, renown for new builds and period home renovations alike.

“Shaun Lockyer doesn’t need any introduction, he’s probably the hottest architect in town if not in the country,” said Belle Property Bulimba‘s Tony O’Doherty. “Especially for this type of home.”

The architect’s touch was evident throughout the transformed pre-war character house at 6 Suvla Street, Balmoral.

Existing features, including ceiling castings and traditional stained glass doors and windows, were kept throughout the home, which was extended with weatherboards and brick.

A walkway with voids on either side leads towards the master bedroom, featuring a stunning ensuite with a small skylight which illuminates the space.

Justin Nickerson held the auction at Sulva Street.

Justin Nickerson held the auction at Sulva Street. Photo: Supplied

The downstairs living areas flowed out through the kitchen, into the outdoor space with a fireplace and chimney that overlooks another view, slightly to the north.

“A home like this was finished on the highest imaginable level,” Mr O’Doherty said. “Not a massive home but an very detailed level of finish.”

Architecturally renovated homes like this don’t tend to attract rapid-fire bidding, but they do attract dedicated buyers, Mr O’Doherty said.

The living space downstairs flows into the backyard.

The living space downstairs flows into the backyard. Photo: Supplied

The auction attracted five bidders, and kicked off with an opening offer of $1.5 million.The price then made it to $1.9 million with just six bids, where it sold to a couple from Hawthorne.

“They fell in love with the home, they came to the first open home and made an offer the first time they saw it,” the selling agent said.

The renovation was done a little over a year ago, and Mr O’Doherty said it was rare for a home designed by Lockyer to change hands so soonafter completion.

2 Sapphire Street, Holland Park has only been owned by the one family since it was built.

2 Sapphire Street, Holland Park has only been owned by the one family since it was built. Photo: Supplied

“They don’t come on the market too often, they tend to come on four to five years after. Our vendors, they’re moving, they’re relocating,” he said. “You won’t get an opportunity to buy these, they don’t come up. People tend to love them, use them, then sell them.”

Later on Saturday, a property on the other end of the spectrum went under the hammer.

Paul Liddy marketed what he called a “detonator”, an old housing commission home in Sapphire Street, Holland Park; which he suspected was last painted when it was built nearly 60 years ago.

“It’s in a little bit of a condition. The vendor, whose wife passed away recently, bought it new, ” he said. “It was built by the housing commission 58 years ago. I don’t think they spent a cent on maintenance, but it was good to them.”

The block and location left the purchase open to all types of buyers. “It’s a 759 square metre block with a 30-metre frontage and frontage really dictates design,” Mr Liddy said. “When you’ve got that frontage, your options are enormous.”

Buyers were keen to lock the home down. “There were five registered bidders and the people who bought didn’t register until their buying bid,” Mr Liddy said.

Bidding started at $400,000 and shot to $600,000 with high-value bids. It sold to a local investor for $645,000.

“The vendor was happy at $600,000, delighted at $630,000 and at 645,000 I couldn’t wipe the smile off his face!” Mr Liddy said.

The new owners plan to rent the property out for now, and renovate sometime in the future.

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Rental demand in Qld; Mackay’s vacancy rate the tightest in the state: REIQ



rental demand

IT has become almost impossible to find a rental property in Mackay, with the regional city’s vacancy rate now the tightest in Queensland. FIND THE VACANCY RATE IN YOUR REGION.

Rental demand

Local agents take down a ‘For Rent’ sign in Cairns, which is one of the tightest coastal rental markets in Queensland.Source:News Limited

IT has become almost impossible to find a property to rent in Mackay, with the regional city’s vacancy rate now the tightest in Queensland.

The latest Real Estate Institute of Queensland residential vacancy rate report shows the coastal market’s vacancy rate tightened by a whopping 100 basis points in the September quarter.

rental demand

The rental vacancy rate in Mackay has fallen from 1.9 per cent to 0.9 per cent in three months. Picture: Rob Maccoll.Source:News Limited

The rental vacancy rate in Mackay fell from 1.9 per cent to 0.9 per cent in just three months, which means the city is pretty much full.

Rents are also on the rise, increasing in the range of 10 to 20 per cent over the past year, with two-bedroom houses and three-bedroom units reporting annual growth in the weekly median rent of $50.

rental demand QLD

Mackay has the tightest rental vacancy rate in Queensland at 0.9 per cent.Source:News Limited

REIQ chief executive Antonia Mercorella said the strength of the regional economy and the employment market were driving the increase in demand for rentals.

About 3900 new job opportunities were created in Mackay in the year to August — putting downward pressure on the jobless rate, which is now just 3.3 per cent.

“As the state’s economy improves and the jobs market in regional Queensland strengthens, we are seeing people returning to those areas and are looking first for rental accommodation,” Ms Mercorella said.

“Markets such as Mackay, Toowoomba and Bundaberg, which are tight, are stabilising after a period of correction.”

Rental Demand

REIQ chief executive Antonia Mercorella.Source:Supplied

The report found rental markets in the largest regional centres continued strengthening during the quarter as median rents trended upwards, particularly in Mackay, Rockhampton and Toowoomba.

The Fraser Coast and Cairns markets are the tightest coastal rental markets in Queensland with regional vacancies of 1.4 per cent.

Steady rents are boosting the rental market on the Fraser Coast, with well-priced rental properties snaring a tenant in less than a week on average.

The report found only two of the major regional markets in the state — Gladstone and Townsville — were weak, with vacancies above 3.5 per cent but below 4.5 per cent.

Overall, the state’s rental market strengthened again in the September quarter, with 27 markets classified as tight by the REIQ, four as healthy and four as weak.

The greater Brisbane rental market held steady at 2.2 per cent, but the local government area of Redland reported one of the region’s tightest vacancies of 1.5 per cent.

rental demand

The Brisbane LGA rental vacancy rate has tightened to 2 per cent. Image: AAP/Darren England.Source:AAP

The Brisbane LGA tightened to 2 per cent, with vacancies for both the inner and middle ring falling to the tight range during the September quarter.

“Even though this market has tightened to 2 per cent vacancies, we are hearing that pockets of the inner city are oversupplied and tenants are still negotiating well on terms,” Ms Mercorella said.

She said the state’s increasing population growth would require more rental supply.

Originally published as Rental demand jumps in Qld


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Brisbane’s penthouse listing of 2018 hits the market



brisbane penthouse
A property billed as “Brisbane’s biggest penthouse listing of 2018” has hit the market, as demand for ultra-luxurious sky homes in Queensland’s capital shows no sign of slowing.

One of Brisbane’s very first sky homes, at 801/8 Kyabra Street, Newstead, has been transformed from an empty shell into a penthouse, which marketing agent Tom Lyne, of Ray White New Farm, described as “next level”.

Mr Lyne said listings of this quality and style were rare in Queensland.

brisbane penthouse
801/8 Kyabra Street, Newstead. Photo: Ray White New Farm.

“This is a property you’d see in Los Angeles or Sydney,” he said. “It’s pushing the boundaries in terms of what has been on the market in Brisbane before.”

The three-level apartment not only offers five bedrooms and bathrooms over a staggering 962 square metres, but also an extraordinary roof-top terrace complete with outdoor dining, an open fire pit and manicured gardens all serviced by a large wet bar.

As well as a heated infinity edge swimming pool and spa on the middle level, the roof-top views across Brisbane have to be seen to be believed.

brisbane penthouse
Views like no other: 801/8 Kyabra Street, Newstead. Photo: Ray White New Farm.

Owner Jordana Stott spent eight months designing every aspect of the property’s interior and roof-top, and admits the views will be sorely missed when she moves on to her next project.

“Just being able to crack a bottle of wine and sit in your private garden and look at that view is pretty spectacular. That’s something that we will miss. We love that part of the property,” she said.

The couple chose a penthouse over a house because of the plethora of lifestyle amenities right on their door step, she said.

At the time, she said, they wanted to be able to walk to restaurants and enjoy everything that Newstead had to offer.

“Being in Newstead, it’s such a new little hub that’s really booming at the moment. You’re so close to everything, but you also then get the luxury of having the privacy of your own lawn in a sky home – that’s very special,” she said.

“It’s really cool for Brisbane. It’s one of the first that’s coming through.

“Brisbane is really coming into its own. I think we’ll start seeing more sky homes, especially with the new casino being built.”

The first of two penthouses in the luxurious development 443 Queen Street recently sold off the plan for more than $6 million, making it one of the most expensive apartments ever sold in Brisbane. Agents have reported a shortage of stock in the luxury apartment market.

brisbane penthouse
A bedroom with a rather nice view at 801/8 Kyabra Street, Newstead. Photo: Ray White New Farm.

Mr Lyne said one of the Newstead penthouse’s many features was that the seventh level was completely self-contained.

“It’s extremely unique to Brisbane, probably Queensland for that matter,” he said.

“We’re getting a good cross-section of people who are specifically looking for a penthouse, but also buyers who may have been considering quite a high-end house locally, or on the river, who are now considering this because it’s over three levels.”

The property is scheduled to go to auction on Tuesday, November 13, at Ray White New Farm’s Auction Under the Stars event starting at 6pm at X Cargo.

brisbane penthouse
That rooftop: 801/8 Kyabra Street, Newstead. Photo: Ray White New Farm.

Features include:

Unrivalled city views, private infinity edge swimming pool, rooftop terrace and garden;

First level leads to four private bedrooms, two bathrooms, media room and kitchen;

Versace and gold cork wallpaper and bespoke Timothy Oulton chandeliers;

Double showers in every bathroom;

Two kitchens each with a butler’s pantry and double oven;

Multiple formal and informal entertaining and al fresco areas;

Gas fireplace in living area and outdoor fireplace on rooftop;

Two fully equipped wet bars;

Dressing room;

Alarm system;

Three large car parks and storage;

Built-in garden maintenance room;

Lift servicing each level;

Metres from top lifestyle precincts popular for great restaurants, shops and boutiques.

brisbane penthouse
801/8 Kyabra Street, Newstead. Photo: Ray White New Farm.
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Acreage blocks are selling hot at Yatala




PIES aren’t the only things selling hot at Yatala — with acreage property flying off the market.

Doleman Property Group director Donna Doleman said this property, a four bedroom, two bathroom, lowset brick house on 5058sq m attracted about 30 groups and two written offers.


REAL ESTATE: 14 Alto Tce, YatalaSource:Supplied

“The new owners were devastated when they first saw it because it was under contract,” Ms Doleman said.

“When that contract fell over, it all fell into place for them.”

Ms Doleman said the new owners liked the location, the flat land and the house.

“They’re investors who will rent it out and move into it in about three years time,” she said.

The agent said acreage stock such as the property at 14 Alto Tce, which sold for $859,000, was in high demand.


REAL ESTATE: 14 Alto Tce, YatalaSource:Supplied

“Acreage is going unbelievably well,” she said.

“People are looking for bigger properties to get a bit of space between neighbours.

“I’d definitely like to see more stock, there is definitely not enough in the acreage market.”

According to CoreLogic data, the suburb median house sale price for Yatala is $739,000.


REAL ESTATE: 14 Alto Tce, YatalaSource:Supplied


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