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What’s pushing up Brisbane land values?

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What’s pushing up Brisbane land values?
A new government report has revealed the direction land value is moving in Queensland’s capital city, and what’s behind that movement.

The Valuer-General’s 2018 Property Market Movement Report, following a statewide market survey and consultation with local government, has completed a valuation of some of Queensland’s largest property markets and has found land values have risen by 6 per cent since the last valuation.

Over the valuation period between 2016 and 2017, single residential units saw high levels of competition from local, interstate and international buyers. In this market, a total of 47 suburbs in the city saw no median value increase, while 87 saw rises up to $50,000; 32 saw rises between $50,000 and $75,000, while 12 recorded rises above $75,000, which include Hamilton, Chapel Hill, Seven Hills, Carindale, Holland Park and Sunnybank.

For the multi-unit market, there were slight rises recorded due partly to the Brisbane City Plan 2014, a plan to increase interest in apartments. However, the report noted lowered demand and oversupply meant activity dropped off in the latter half of 2016.

The report also mentioned suburbs impacted by the 2011 floods had seen healthy recovery, with property being sold in some of the flood-affected land at prices similar to non-flood affected land.

Looking further to Logan, Ipswich and Moreton Bay Regional Council, the report shows these areas all experienced improving land areas, with the residential property market seeing land values driven by demand for housing in the Greater Brisbane area.

Logan City saw minor to moderate rises in residential land values due to demand for property located in central and affordable suburbs, such as Browns Plains, while higher values in eastern suburbs, like Springwood and Shailer Park, saw only minor value rises.

A demand for farm land has had a knock-on effect on overall land value in Logan City, along with the Stockleigh, Undullah and Veresdale areas, and in Ipswich City in Purga, Peak Crossing and Willowbank.

Meanwhile, Ipswich City’s residential land values experienced moderate rises in Springfield Lakes and Redbank Plains, while multi-unit land values saw a minor to moderate rise in Bellbird Park, Bundamba and Goodna, according to the report.

In the Moreton Bay Regional Council area, residential land values rose since last valuation, with the Redcliffe as well as southern areas nearby Brisbane City experiencing slight to minor land value increase. Caboolture and areas nearby Pumicestone Passage saw very minor value increases, and small hinterland towns saw for the most part no change, aside from a minor rise in Dayboro.

For multi-unit land values in the region, Caboolture saw mostly no movement, while southern areas near Brisbane experiencing slight to minor rises.

Originally Published: www.smartpropertyinvestment.com.au

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Market Place

Brisbane’s real estate is leading the nation

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Brisbane's real estate is leading the nation

According to CoreLogic property analysts, Brisbane is leading mainland Australia in all four property performance indicators for the first time in more than a decade. But what does the record increase in home values mean if you’re looking to buy or sell the place you call home? Kieran Clair is the Director of Bricks and Mortar Media, and a regular guest on ABC Radio Brisbane on a Saturday morning. He is chatting with Loretta Ryan.

Source: www.abc.net.au

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Buying a blank canvas for your dream home: 5 big land blocks for under $540k

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Buying a blank canvas for your dream home: 5 big land blocks for under $540k
It’s becoming harder to find big blocks of land in Brisbane’s suburbs. Photo: iStock
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Buyer interest in next-gen suburb

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Buyer interest in next-gen suburb

Each double-storey home features a mix of three-bedroom and three-bedroom-plus-study designs, complete with multi-purpose room, two bathrooms, guest powder room and generous-sized living areas.

EVERTON Hills is earmarked as a ‘next-generation’ suburb, according to developer Sunland Group.
Sunland Group managing director Sahba Abedian said local government designated Everton Hills as a next generation suburb due to its proximity to existing and future retail centres, employment, and community facilities.

Buyer interest in next-gen suburb
The kitchens will feature reconstituted stone benchtops, high-gloss cabinetry, and quality appliances, and flow seamlessly to the indoor living areas

“The arrival of Park Lane later this year, as well as the planned redevelopment of the Woolworths site in Everton Park and North-West Private Hospital, are delivering considerable amenity to The Hills District,” Mr Abedian said.

“Everton Hills also adjoins the 630ha Bunyaville State Forest, renowned for its expansive nature trails and recreation spaces.

“Grovely Train Station is an easy four-minute drive away, with direct services to the Brisbane CBD.”

Located at the centre of this wave of new infrastructure is Sunland Group’s The Hills Residences, which had already seen 50 per cent of residences sold since its April launch.

Mr Abedian said the early sales success of The Hills Residences demonstrated the inherent value of sophisticated architectural design and established amenity.

Buyer interest in next-gen suburb
Bathrooms will feature large porcelain tiles, custom-made vanities, reconstituted stone benchtops, and premium fittings.

“These homes represent the latest evolution of Sunland’s award-winning designs, featuring striking framed facades and expansive landscaping,” he said.

“Each double-storey home features a mix of three-bedroom and three-bedroom-plus-study designs, complete with multi-purpose room, two bathrooms, guest powder room and generous living areas.

“A selection of homes enjoy aspects overlooking the central park and the adjoining nature reserve.”

Mr Abedian said the kitchens would feature reconstituted stone benchtops, high-gloss cabinetry, and quality appliances, and flow seamlessly to the indoor living areas.

While bathrooms would feature large porcelain tiles, custom-made vanities, reconstituted stone benchtops, and premium fittings.

Buyer interest in next-gen suburb
The early sales success of The Hills Residences demonstrated the inherent value of sophisticated architectural design and established amenity.

“One-third of The Hills Residences is dedicated to open space, with a large central park and 3,500sq m of preserved bushland located a short stroll from every home,” he said.

“Early construction works have commenced on site, with the display home on track to be delivered in early 2019.”

Buyer interest in next-gen suburb
One-third of The Hills Residences is dedicated to open space, with a large central park and 3,500sq m of preserved bushland located a short stroll from every home.

Source: www.news-mail.com.au

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