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Brisbane, Perth Finally Make Global City List

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Brisbane, Perth Finally Make Global City List
Demand for prestige property in Brisbane and Perth’s recovering markets has pushed the cities on to the international stage for premium residential markets.

Brisbane and Perth joined Sydney and Melbourne for the first time on Knight Frank’s Prime Global Cities Index, which measures the top 5 per cent of a city’s housing market by value.

Demand for prestige homes in Brisbane led to 3.6 per cent price growth over the past year while Perth saw 2.8 per cent growth.

While not as substantial a growth for premium homes than Sydney, which saw 8.7 per cent growth or Melbourne’s 8.3 per cent, it was enough to rank Brisbane and Perth, on an index out of 43 cities, at 19th and 21st respectively.

Knight Frank researchers attributed Brisbane’s new position amongst global premium housing prices to a growing demand of downsizers who search for a new home that is easy to maintain and in a good location as they settled into their final years.

Perth has reportedly been benefitting from a healing housing market and returning traditional buyers who have a “long-hold view”.

Brisbane, Perth Finally Make Global City List

Brisbane and Perth joined Sydney and Melbourne for the first time on Knight Frank’s Prime Global Cities IndexImage: Perth city skyline

Seoul takes top spot

The index revealed that Seoul overtook Guangzhou this quarter for the top spot, registering 24.7 per cent annual growth.

“Across a large part of the city new macro prudential measures, including new taxes for owners of multiple properties and tighter lending restrictions, are cooling growth, but the prime area of Gangnam is still seeing strong speculative activity.

Brisbane, Perth Finally Make Global City ListSeoul overtook Guangzhou, China for the top spot

“Key European cities are also well-represented at the top of the table. Edinburgh and Zurich join Berlin, Paris and Madrid in the top 15 this quarter,” the report said.

“The world’s top tier cities – London, New York and Hong Kong – all saw annual price growth dip marginally compared with last quarter.

“In London, while the market remains sensitive to political events there is a sense of (relative) stability being restored.”

Stockholm was the weakest performer, registering the largest prime price declines over a 12-month period of any city.

Source: theurbandeveloper.com

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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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