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Council says ‘imposing’ Nudgee property needs heritage protection

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Council says imposing Nudgee property needs heritage protection

A large bungalow home in Nudgee that Brisbane City Council says it at risk of demolition or removal could be placed under a two-year protective order while its history is investigated.

The property on St Vincents Road has a large 3000-square-metre block of land and a building the council believes could be constructed in 1900.

At Tuesday’s council meeting a request for a temporary local planning instrument that would last for two years was put forward for debate.

The council agreed to write to State Development Minister Cameron Dick requesting the TLPI so they could have more time to investigate the heritage of the property.

A report made to council’s establishment and coordination committee noted the property was “currently at risk of either demolition or removal” and any subdivision of the garden “would have a detrimental impact on the cultural significance of the house” and the gardens.

The building had already seen some upgrades made to it, including a part of the building constructed after 1946, but it was believed the original building could have been constructed in 1900.

City planning committee chair Matthew Bourke said the council did not want to see the house disappear.

“Council needs more time to properly research the history of this site and determine its historical significant, as well as heritage value so it can then be put onto our heritage register,” Cr Bourke said.

“Due to the current zoning and size of the lot, there is the possibility this site may become subject to a multiple dwelling development application.”

Cr Bourke said on face value the building didn’t look like a pre-1940s house, but local councillor Adam Allan (Northgate) had raised the potential for it to be of heritage interest after conversations he had had.

“That’s why we’ve taken this opportunity to protect it, to be able to do the detailed investigation, and then assess on that information,” Cr Bourke said.

Cr Allan said the property was well-known to residents as an “imposing old home” and was originally on farmland.

“This property has remained as a beacon of a bygone era,” he said.

“Any moves to move or demolish the property would not be well-received by the growing local community and would result in the loss of an element of the heritage and history of the area.”

Independent councillor Nicole Johnston (Tennyson) questioned why the council was seeking a TLPI on the Nudgee property when many other requests she had made to protect houses in her ward were rejected.

The move from council to protect the building follows several weeks of discussion about the council’s attempt to ban townhouse and apartment developments on blocks larger than 3000 square metres in low density residential zoned suburbs.

The council is waiting for a final response from the state government on both their request for a permanent ban to be written into its planning legislation, and a temporary ban while the permanent ban is considered.

 

Source: www.brisbanetimes.com.au

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Slowing Housing Market Sees Capital City Values Fall Below Their Peak

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Slowing Housing Market Sees Capital City Values Fall Below Their Peak

With dwelling values now falling across most capital cities, the topic at weekend BBQs across the country might very well be, what’s next for Australia’s property market?

Corelogic’s latest models show, at least for the short-term, that values are likely to continue trending lower, with the rate of decline easing later this year and into 2020.

National housing market downturns have generally been short-lived. Although, the current downturn of 16 months is now the second longest, with the 2010-12 decline running two months longer than the current downturn.

By next month, assuming the falls continue, Corelogic says this will be the largest downturn in the combined capital city index since 1980.

There is an expectation that interest rates may move lower. This week a report from the Reserve Bank cited shifting interest rates as responsible “more than any other factor”, for weakening house prices and construction rates.

“We probably won’t see the entire rates cuts passed through to mortgage rates and the much tighter credit conditions are likely to limit any rebound in the housing market,” Corelogic said.

“Particularly given borrowers are being assessed on their ability to repay a mortgage at a much higher rate, above 7 per cent.”

SYDNEY

Slowing Housing Market Sees Capital City Values Fall Below Their Peak1

Since peaking in July 2017, Sydney’s dwelling values have fallen by 13.2 per cent to February 2019.

Corelogic says this is one of the longest periods of decline.

“With little sign that the falls will abate over the coming months, this current downturn may end up being the deepest and longest in modern times.

“This downturn is also very different to other downturns which have generally been driven by an economic contraction or higher interest rates.

“This downturn is more closely linked to a significant tightening of credit conditions at a time in which the economy continues to grow and interest rates are unchanged – despite some moderate increases for owner occupiers and larger rises for investors.”

Slowing Housing Market Sees Capital City Values Fall Below Their Peak2

MELBOURNE

Slowing Housing Market Sees Capital City Values Fall Below Their Peak3

From Melbourne’s housing market peak in November 2017 through to the end of last month, dwelling values across the city have dropped by 9.6 per cent.

“Interestingly, comparing the downturn in Melbourne to Sydney, 15 months into Melbourne’s downturn values have fallen 9.6 per cent compared to a decline of 8.2 per cent 15 months into Sydney’s downturn.

“The downturn in Melbourne’s housing market is closing in on its largest downturn of 10 per cent between 1989 and 1992 while the downturn (so far) has been much shorter than the 36 month period in 1989-92.”

Slowing Housing Market Sees Capital City Values Fall Below Their Peak4

BRISBANE

Slowing Housing Market Sees Capital City Values Fall Below Their Peak5

Brisbane didn’t experience the great upswing in property prices recorded in Sydney and Melbourne in recent years. And as such, after experiencing moderate growth the data shows Brisbane is recording a moderate decline.

Brisbane’s property values peaked in April 2018, dropping 1 per cent to February 2019.

“To date the fall is moderate however, with housing market weakness entrenched values are expected to move slightly lower or, at best hold firm, over the coming months.”

Slowing Housing Market Sees Capital City Values Fall Below Their Peak5

PERTH

Slowing Housing Market Sees Capital City Values Fall Below Their Peak5

Following the slowdown in the mining sector, Perth’s housing market has experienced an extended downturn since June 2014 when the market last peaked. Perth’s property values have fallen by 17.8 per cent since then.

“The current downturn has run substantially longer than previous downturns and it is also a much deeper value fall than recorded across previous downturns,” CoreLogic said.

“In late 2017/early 2018 it was looking as if the falls were coming to an end, however, the market has weakened further in line with weaker labour market and economic conditions as well as tighter credit conditions.”

Slowing Housing Market Sees Capital City Values Fall Below Their Peak8

ADELAIDE

Slowing Housing Market Sees Capital City Values Fall Below Their Peak8

Much like Brisbane, Corelogic says Adelaide’s growth has been moderate over recent years however, with values starting to decline over recent months.

Adelaide’s values peaked in December 2018, recording a fall over the past two months of 0.3 per cent at the end of February 2019.

“While there have been previous periods of value falls in Adelaide, they have tended to be more moderate than those recorded across the other capital cities.

“To-date the decline has been short and moderate and it will be interesting to see over the coming months whether values continue to fall.”

Slowing Housing Market Sees Capital City Values Fall Below Their Peak10

 

 

Source: theurbandeveloper.com

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SHAFSTON ESTATE, WHICH INCLUDES ONE OF BRISBANE’S OLDEST HOUSES, IS ON THE MARKET

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SHAFSTON ESTATE, WHICH INCLUDES ONE OF BRISBANE’S OLDEST HOUSES, IS ON THE MARKET

A large parcel of prestige riverfront land, which includes with one of Brisbane city’s oldest houses, is on the market.

Known as The Shafston Estate, the 1-hectare block at 23 Castlebar Street in Kangaroo Point has been the home of the Shafston College educational facility for more than 20 years.

The site features six freestanding campus buildings totalling about 2675 square metres, one of which is the heritage-listed Shafston House that was entered on the Queensland heritage register in 2005 for its historical, cultural, and aesthetic significance.

The estate was previously on the market in 2013, and property records show that the estate was last sold in 1993 for $1.8 million.

Kangaroo Point is one of Brisbane’s most prestigious suburbs. An $18.48 million sale recorded there in early 2017, for a riverfront home on almost 1200 square metres, made it Brisbane’s most expensive house at the time.

SHAFSTON ESTATE, WHICH INCLUDES ONE OF BRISBANE’S OLDEST HOUSES, IS IN THE MARKET

The property is in one of the most prestigious suburbs of Brisbane.

Herron Todd White Brisbane director Gavin Hulcombe said prestige inner-city riverfront property had been in strong demand lately due to its scarcity.

“It is unusual to have a parcel of this size, in this proximity to the city, with river frontage. Riverfront sites have been quite constrained throughout Brisbane,” Mr Hulcombe said.

“There has been a lot of interest generated in riverfront property as evidenced by a couple of recent home-site purchases.

“It is a very popular location. It is unusual to have this size block of land through this pocket, irrespective of being on the river.”

A riverfront property in New Farm, directly opposite Shafston Estate, sold in March for $7.75 million, equalling the Brisbane auction price record.

SHAFSTON ESTATE, WHICH INCLUDES ONE OF BRISBANE’S OLDEST HOUSES, ON THE MARKET

Shafston College has operated from the site for 20 years.

State government records show that Shafston House, designed by well known 19th century architect Robin Dods, was constructed in several stages between 1851 and 1904 and is an example of the Victorian gothic architecture style that was popular at the time.

According to the heritage register, it is likely the third oldest house in the Brisbane metropolitan area, after Newstead House (1846) and Bulimba House (1849-50) and a rare surviving remnant of a riverine estate of a type typical in the early development of Brisbane.

Marketed by Cushman & Wakefield, expressions of interest close at 4pm on Wednesday 10 April.

 

 

Source: www.commercialrealestate.com.au

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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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