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Brisbane’s most expensive homes: The top properties of 2018

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Brisbane’s most expensive homes The top properties of 2018

Brisbane’s prestige market continued to go from strength to strength last year, with an impressive number of high profile multi-million dollar sales.

Here’s what the most expensive homes of the year sold for.

106-110 Virginia Avenue, Hawthorne

Brisbane’s most expensive homes & top properties

SOLD: $11,128,888

Agents: David Price and Garry Price, Ray White East Brisbane

The most expensive property sold in Brisbane last year changed hands in June, when former Arrow Energy chief executive Shaun Scott and his wife Sarah sold their riverfront trophy home for $11,128,888.

The jaw-dropping five-bedroom, six-bathroom home was reportedly purchased by millionaire Anthony Yap, who founded Good Price Pharmacy Warehouse.

The property features two swimming pools, a heated spa, a north-south facing championship-sized tennis court, a boat house, putting green and a private jetty.

27 Sutherland Avenue, Ascot

Brisbane’s most expensive homes & the top properties of 2018

SOLD: $11 million

Agent: Coronis – Hamilton

The stunning Hamptons-style trophy home owned by Domino’s Pizza boss Don Meij sold for a record $11 million in an off-market deal in March last year.

The chief executive of Australia’s largest pizza chain had bought the home in 2016 from one of Australia’s richest female CEOs, Maxine Horne, and her Fone Zone co-founder and husband David McMahon, for $8.615 million.

Less than two years later, Mr Meij had pocketed a cool $2.385 million profit.

Set on a sprawling 2024 square metres of land, the lavish home has six bedrooms, marble en suites and a stunning outdoor entertaining space with resort-style gardens, infinity-edge pool, pool house with outdoor kitchen and expansive verandahs.

It’s located in one of Ascot’s – and indeed, one of Brisbane’s – most prestigious streets, where the previous street record was $10.2 million.

36 Needham Street, Fig Tree Pocket

Brisbane’s most expensive homes and top properties as of the year 2018

SOLD: $7.5 million

Agents: Matt Lancashire and Christine Rudolph, Ray White New Farm

Clive Palmer bought this mega-mansion trophy home for a song when he paid $7.5 million in January 2018.

The sprawling seven-bedroom, nine-bathroom waterfront estate owned by embattled business owner Peter Bond had been on the market since Linc Energy went into receivership in 2016 with debts of more than $300 million.

Mr Bond and wife Louise paid $9.5 million for the property in 2009. At one stage they had it listed for sale for $11.9 million but had no takers, withdrawing it from the market for some time.

They took it to auction in August 2017 and despite strong bidding that reached $9.25 million, the couple instructed their agents to pass the property in.

By February, the news that Palmer had secured it for $7.5 million was out.

It was a busy year for Palmer on the property scene – later that year he snapped up a some new beachfront digs on the Gold Coast, dropping a cool $12 million on a Hedges Avenue house.

1A Eldernell Terrace, Hamilton

Brisbane’s most expensive homes The top properties

SOLD: $7.25 million

Agent: Alma Clark, Alma Clark Real Estate

Dominos boss Don Meij may have sold his spectacular Ascot home but he was hardly swapping it for something dire – property records show he settled on this hilltop Hamilton residence only one month before he sold his Sutherland Avenue house.

The five-bedroom, four-bathroom house set on 910 square metres of land features stunning city and river views.

150 Adelaide Street East, Clayfield

Brisbane’s most expensive homes & top properties of the year 2018

SOLD: $7 million

Agent: Matt Lancashire, Ray White New Farm

This landmark Federation home smashed blue-chip Clayfield’s suburb record when it sold in October for $7 million.

Home to the late Sir Edward and Lady Dorothy Williams for 60 years, Clonlara drew attention from buyers across the country keen to secure an estate of such significance.

Features include 3317 square metres of manicured grounds, two championship-sized grass tennis courts, a pool and stunning original period details such as a grand entry foyer to formal dining and lounge rooms, ornate plaster and pressed metal ceilings, solid timber walls and leadlight windows.

5/81 Moray Street, New Farm

Brisbane’s most expensive homes top properties 2018

SOLD: $6.5 million

Agent: Brett Greensill

The most expensive apartment sold in Brisbane last year was this luxury riverfront residence in the sought-after Aquila building on Moray Street.

Located on level five with knockout river and city views, the property settled in March.

It has three bedrooms, three bathrooms, three car spaces and expansive living areas that make the best of its position. The spectacular penthouse upstairs on level 10 is currently listed for sale.

30 Windermere Road, Hamilton

Brisbane’s most expensive homes and top properties of the year 2018

SOLD: $5.95 million

Agent: Dwight Ferguson, Ray White Ascot

Set on a sprawling 2024 square metres of land in one of Brisbane’s original prestige suburbs, 30 Windermere Road sold in April last year.

Perched high on the hill, the house has a 3000-bottle wine cellar, championship-sized tennis court, pool and beautiful period features.

30 Kitchener Road, Ascot

Brisbane’s most expensive homes and the top properties in the year 2018

SOLD: $5.5 million

Agent: Matt Lancashire, Ray White New Farm

This ultra modern residence in the heart of dress circle Ascot, designed by top architect Shaun Lockyer, was lauded for its sophisticated yet innately practical design.

With five bedrooms and four bathrooms on 898 square metres of flat land, the house’s atrium-style design allows visibility throughout the whole house. With gardens designed by landscape designer Steven Clegg including a huge vertical garden at the back of the house, it was highly sought-after by buyers wanting that ultimate family home.

8 Sentinel Court, Cleveland (Raby Bay)

Brisbane’s most expensive homes top properties

SOLD: $5.25 million

Agent: Ryan McCann, First National Cleveland

A luxury home in the Redlands described as “the ultimate beachfront mansion” sold for $5.25 million in September.

The six-bedroom house at Raby Bay sits in a street that locals liken to Hedges Avenue on the Gold Coast, renowned for its rich-list owners and multi-million-dollar properties.

The property sprawls on 1426 square metres of waterfront, has its own private beach, boat ramp, and seven-car garage with drive-through access to the sand.

No expense was spared when it was built 15 years ago — the kitchen cost $150,000 alone, and the nearly 15 metres of frameless, glass bi-fold doors cost the original owner $189,000.

There are only 16 houses in Sentinel Court on that stretch of beachfront, and they share a large boat marina which was built for their exclusive use.

41 Dickson Terrace, Hamilton

Brisbane’s most expensive homes The top properties 2018

SOLD: $5.25 million

Agent: Dwight Ferguson, Ray White Ascot

This brand new contemporary home on Hamilton Hill didn’t even make it to being listed online before it was snapped up by a local Brisbane buyer.

Marketing agent Dwight Ferguson said the house was going to be sold by auction but two offers came in days before it hit the market, with one of them too good to knock back.

Spanning three levels with 180-degree views of the Brisbane River, the house has four bedrooms, four-and-a-half bathrooms and an internal lift.

80/35 Tribune Street, South Brisbane

Brisbane’s most expensive homes and top properties of the year 2018

SOLD: $5.2 million

Agent: Phillip Rand, YPM Group

The title of second-highest apartment sale of the year went to this sprawling 380-square-metre property on level 18 of the Emporium Residences.

Sold to a local Brisbane buyer in September last year in an off-market deal, the apartment boasts incredible river and city views, four bedrooms, 3.5 bathrooms, two studies and three car spaces.

17 Ningana Street, Fig Tree Pocket

Brisbane’s most expensive homes top properties of the year 2018

SOLD: $5.1 million

Agent: Cathy Lammie, Cathy Lammie Property

This grand residence set on 13,000 square metres of land with 82 metres of Brisbane River frontage sold for $5.1 million.

Not only did it have the impressive river frontage with a private pontoon, it also had more than 160 metres fronting the adjacent Cubberla Creek.

The house has five bedrooms, five bathrooms, two studies, temperature-controlled wine cellar, gym, sauna, tennis court and pool.

127 Laurel Avenue, Chelmer

Brisbane’s most expensive homes & the top properties as of 2018

SOLD: $5 million

Agent: Jason Adcock, Adcock Prestige

Sold under the hammer in April last year for $5 million, this beautiful Chelmer estate is considered to be one of the best riverfront blocks in the area.

With 3122 square metres of land and 40 metres of river frontage, the property is grand and vast in proportions – it features a house with two levels across two buildings, beautifully manicured grounds with established trees, grass tennis court, pool and undercover terrace.

19 Lawes Street, Hamilton

Brisbane’s most expensive homes in the year 2018

SOLD: $5 million

Agents: Ken Scrogings and Clint Devereaux, Northside First National

The deal was sealed on this property in October last year. A stunning contemporary residence on Hamilton Hill designed by M3 Architecture, the house was an attractive proposition for families vying to get into the Ascot State School catchment.

The 500-square-metre house has five bedrooms, study, soaring ceilings, stunning city views, pool and large grassy backyard.

20 Priestley Road, Bridgeman Downs

Brisbane’s most expensive homes and the top properties of 2018

SOLD: $4.9 million

Agent: Sarah Hackett, Place Estate Agents – Bulimba

This sprawling western suburbs residence was on the market less than 30 days before it was snapped up for $4.9 million.

Built in 2010, the house is a whopping 970 square metres under roof. Outside, there’s 10,000 square metres of land with a pool, 10-person spa, championship-sized tennis court and kids’ playground.

16 Scott Street, Hawthorne

Brisbane’s most expensive homes The top properties of the year 2018

 

SOLD: $4.875 million

Agent: Sarah Hackett, Place Estate Agents – Bulimba

Records show this European-inspired riverfront residence sold for $4.875 million in April last year.

The house has five bedrooms and three bathrooms on 791 square metres of absolute riverfront land.

27-29 Sutton Street, Chelmer

Brisbane’s most expensive homes and the top properties as of 2018

SOLD: $4.83 million

Agent: Jason Adcock, Adcock Prestige

Three days is all it took for this five-bedroom, four-bathroom riverfront estate to be snapped up for an impressive $4.83 million.

The resort-style property features beautifully manicured grounds, tennis court, pool and multiple outdoor entertaining spaces that take in the river views.

5/2 Scott Street, Kangaroo Point

Brisbane’s most expensive homes top properties of 2018

SOLD: $4.5 million

Agent: Simon Caulfield, Place Kangaroo Point

Located in the exclusive residential building Walan, this luxury whole-floor apartment sold to a buyer who was relocating from a suburban house further out of the CBD.

Records show the 383-square apartment was sold just before Christmas last year.

58 Retreat Street, Bridgeman Downs

Brisbane’s most expensive homes & top properties of 2018

SOLD: $4.42 million

Agent: Sarah Hackett, Place Estate Agents – Bulimba

This gorgeous American-style estate set on just over a hectare was bought for $4.42 million in June last year.

However, its new owner has never lived there – he has already changed his mind and decided to buy another property. If this house is the one he’s offloading, the new place must be something incredible.

The house is light-filled and extravagant in scale — with an 800 square metre interior, it includes five bedrooms, four bathrooms and seven car accommodation. But it’s the grounds that are truly beautiful — sprawling, manicured and boasting a full size tennis court and multiple outdoor entertaining spaces, even the pool looks grand.

The house is now back on the market, listed with Brenton Faehrmannof Place Estate Agents – Bulimba.

 

Source: www.domain.com.au

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One capital city holds steady as others record price falls

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One capital city holds steady as others record price falls

Nearly every major capital city showed price falls, according to the latest weekly property market data, with the exception of one which held steady.

Combined, the daily home value index fell by 0.2 of a percentage point in the week ending 19 May, CoreLogic’s Property Market Indicator data showed.

Brisbane was the only capital city not to record a value fall, holding steady.

Meanwhile, Sydney, Melbourne, Adelaide and Perth all recorded declines, with Sydney falling the most at 0.3 of a percentage point, Melbourne declining by 0.2 of a percentage point, and then both Adelaide and Perth falling only by 0.1 of a percentage point.

The monthly index was down by 0.8 of a percentage point. It fell by 9 per cent for the year. Sydney, Melbourne and Perth recorded the highest declines for the year at 11.2 per cent, 10.2 per cent and 8.4 per cent, respectively.

New listing volumes were down, albeit to a lesser degree than the week prior, with nearly every single capital city recording a decline, except for Darwin, which held steady, resulting in a combined capital city loss of 22.4 per cent.

The largest declines were seen in Sydney at 28.7 per cent (making last week 13 weeks of new listing declines in a row), Melbourne at 26.4 per cent, Perth at 19.1 per cent, Brisbane at 18.5 per cent, Hobart at 12.3 per cent, Canberra at 18.1 per cent and Adelaide with the smallest decline again at 2.6 per cent.

Houses were again more popular than units, and the average time for houses on market rose in nearly every capital city, except for Brisbane, where it held steady, and Hobart, where figures declined.

Hobart was the capital city with the fastest time on market for houses at 38 days, followed by Melbourne and Canberra at 45 and 50 days, respectively; while Darwin, Perth and Brisbane had the slowest time on market at 90 days, 77 days and 71 days, respectively.

For units, Hobart was again the fastest at 34 days, while Darwin, Perth and Brisbane were again the slowest at 105, 82 and 71 days, respectively.

Vendor discounting was between 5.5 per cent and 8.2 per cent for houses across most capital cities and between 7 per cent and 10.3 per cent for units.

Canberra was the low-end exception for both houses and units at a respective 4 per cent and 5.3 per cent.

Darwin was again the high-end exception for houses and units at 9 per cent and 13.7 per cent, respectively.

 

 

Source: www.smartpropertyinvestment.com.au

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The southeast Queensland suburbs where vendors are discounting their sale prices

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The southeast Queensland suburbs where vendors are discounting their sale prices

The southeast Queensland suburbs where vendors are discounting their sale price by the largest percentages have been revealed.

New data analysis by Domain looked at the average rate of vendor discounting on properties in suburbs throughout Brisbane, the Gold Coast and the Sunshine Coast over the six months to March this year and found some areas were discounting by as much as 12 per cent.

Houses at Carindale, Clontarf, Redcliffe and Rochedale South topped out the list of Greater Brisbane suburbs with the highest percentage of vendors discounting their asking price, while Chermside, New Farm, Redcliffe and South Brisbane had the highest rate of discounting for units.

On the Gold Coast, houses at Broadbeach Waters and Hope Island both recorded double-digit average vendor discounting, while units at Main Beach and Southport had the highest rate of discounting.

The southeast Queensland suburbs where vendors are discounting their sale prices 2

Maroochydore and Tewantin headed up the Sunshine Coast houses that were being the discounted by the highest percentage.

Domain economist Trent Wiltshire said the rate of discounting was another market indicator that could help assess conditions in certain suburbs.

The data was compiled using a minimum of 30 observations and did not include properties that sold via auction or without a listed price.

“This can be a bit more timely than price data,” he said. “But it is only an average figure and, while the average or median is the simplest way to look at a suburb, it doesn’t tell the full story.”

Will Torres of Torres Property said overall the housing market in Carindale was performing well but that the average discounting rate was likely brought down by a specific price point.

The southeast Queensland suburbs where vendors are discounting their sale prices 1

Carindale’s median house price is $879,750, a rise of 1.1 per cent over the year to March.

“I’d say the market that is being affected at the moment is that mid-$1 million price range,” he said.

“Rewind to six months ago I was selling houses in this price range in three weeks — now I’m struggling to get numbers in the door. That’s where the discounting will be, around that $1.5 million range and that’s why the Carindale percentage is that high.

“Anything under that price point is still performing really well and selling well. Days on market have stretched but the buyers and the demand is overall still there.”

Broadbeach Waters recorded the highest rate of vendor discounting, by up to 12 per cent. Jordan Williams of JW Prestige said that figure had likely been increased by houses in the $2 million to $3 million range, which were sometimes overpriced.

“If you’re 10 per cent over the odds you won’t get a result, you won’t get a deal — that’s why you’re seeing that average discount for Broadbeach Waters,” he said.

The southeast Queensland suburbs where vendors are discounting their sale prices 3

“So this figure doesn’t mean the market has dropped here, it means some properties were overpriced. I sold a house for $4.5 million where the owners originally were asking $4.7 million. That’s a massive discount.

“But it started out that high because the owners said they wanted to give it a go, test the waters. There’s a million different scenarios for why people discount their properties.”

At Hope Island, where the average vendor discount is 10.3 per cent, agent Warren Hickey is selling a four-bedroom, two-bathroom contemporary home on Virginia Avenue, which is listed for offers over $995,000 and advertised as a huge price reduction.

However, he said the listing was not representative of the local market.

“On average we’d sell a property a week in Hope Island. I would say if you look back at everything we’ve sold in the past few years, we’ve probably only advertised one as having a price reduction and this is it. It’s the exception,” he said.

On the Sunshine Coast, where Maroochydore recorded an average discount on houses of 7.5 per cent, local Century 21 agent Damien Said said a lot of the properties in higher demand were now auctioned.

The southeast Queensland suburbs where vendors are discounting their sale prices 4

“That needs to be noted — those properties are automatically excluded from the data,” he said.

“If anyone in Maroochydore is discounting, I’d say it’s more of a reflection of a few properties that came on the market with unrealistic expectations.

“Generally, we’re finding that when properties do come on the market, as long as the price is realistic, our days on market are reducing. The coast market is still quite active.”

 

Source: www.domain.com.au

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Australia’s new capital for residential market growth

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Australia’s new capital for residential market growth-min

Brisbane has just earned the title of Australia’s top capital for price growth in the luxury residential market for the first time.

The city surpasses Sydney and Melbourne and some of the world’s wealthiest cities to take out the top spot.

The value of Brisbane’s prestige market jumped 3.2 per cent over the past 12 months, earning the city the 14th spot in global rankings according to the latest Knight Frank Prime Global Index report.

The report tracks the performance of luxury residential prices across key global cities using data compiled by a global research network.

Brisbane leapt past Sydney which currently sits in the 18th spot and has only grown by 2.4 per cent. While Melbourne, grew by 1.8 per cent and sits in the 22nd position.

“Brisbane prime properties have been popular with families migrating from Sydney and Melbourne, as well as local downsizers look for properties with low or no maintenance and a high standard of amenities to enjoy,” Knight Frank’s Australian head of residential research Michelle Ciesielski said.

“Given the relative value to other east coast cities, we expect the Brisbane prime market to record a similar annual growth by the year’s end.”

Australia’s new capital for residential market growth 1-min

Other cities that scored higher than Brisbane were Tokyo, Paris, Delhi, and Singapore.

Moscow and Berlin were the two cities to rank the highest for residential growth.

The report reflects a growing trend for banks to lend faster and buyers from interstate viewing homes in Brisbane.

The result points to an increased confidence and optimism with regard to buying property in Brisbane.

 

Source: homes.nine.com.au

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