Palm Beach unit an investor’s delight, selling for $300,000

first_imgThe unit at 8/1 Rolan Court, Palm Beach, was sold to an investor.WITHIN arm’s reach of the beach, this two-bedroom unit has swapped hands from one investor to another, selling under the hammer for a juicy $300,000. More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North11 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoLJ Hooker Palm Beach marketing agent Neil Shorrock said he sold 8/1 Rolan Court, Palm Beach to the vendors 15 years ago.“I sold the whole block of units at Rolan court in 1984 and it has continued to be a great place for investors to buy into,” Mr Shorrock said.He said the property was sold to another investor on Saturday.“There were three registered bidders who were all investors,” Mr Shorrock said. “The owners are now buying their second investment at Palm Beach.”last_img read more

Perfect pad for Keperra-based couple

first_imgThe townhouse at 14/976 Samford Rd, Keperra was architecturally designed.Brisbane engineer Michael Rodriguez has listed his townhouse for sale hoping to upsize to an acreage property towards Jimboomba.Having owned the property at 14/976 Samford Rd since 2010, Mr Rodriguez said his townhouse at Keperra was in a convenient location.“It’s very close to the train station, shopping centre, close to the CBD,” Mr Rodriguez said.The three-bedroom, two-bathroom architecturally designed property has high raked ceilings, a choice of three hardwood timber decks and a large modern kitchen with stainless steel appliances. The living area at 14/976 Samford Rd, Keperra.Mr Rodriguez said the property, which has a fully fenced backyard, would best suit a young or corporate couple, or a small family.He said even an elderly couple could live quite comfortably at the property. With private views across the landscaped back yard, and into the bushland behind the property, it’s an ideal place to relax and watch the birds, wallabies and other wildlife in the area. More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019The kitchen at 14/976 Samford Rd, Keperra.Mr Rodriguez said he did some renovations to the property, including a fair bit of landscaping.“There was a retaining wall with just granite boulders, so we put an extensive garden on top of that, and added another wall to neaten it up,” he said. “We added the rear deck which really opened up the entertainment area.”Mr Rodriguez also added awnings to the side deck and front landing near the entrance of the home, and installed air conditioning throughout.The double-height formal entry hallway opens into a spacious lounge room with bamboo timber floors and a separate dining area.The glass sliding doors open onto the private rear deck, while the large kitchen makes catering for the family a breeze. last_img read more

Non-waterfront home fetches significant price in growth hotspot

first_img39 Tallaroon Street, Jindalee. Get the latest real estate news direct to your inbox here for FREE. The property, on a 1771sq m block, is already on two lots.“It looks like there will be some subdividing taking place and the home will remain where it sits on the land,” Mr Kremer said.“With the surrounding suburbs such has Kenmore, Chapel Hill, Oxley and Sherwood combined with the lack of homes available over the past 12 months, down 31 per cent through the centenary suburbs, land in Jindalee especially has now become much more viable and desirable.”Mr Kremer said values of land through the Centenary area were being “pushed upwards”. 39 Tallaroon Street, Jindalee.A property in this southeast Queensland suburb has fetched a new record price for a non waterfront home.More Estate Agents — Jindalee selling agent Steven Kremer said the home at 39 Tallaroon St, Jindalee sold for $850,000, a record price for a home not on the river or riverside.Mr Kremer said the four-bedroom, two-bathroom home belonged to a family who had owned the property since 1973.“The home was originally completed in 1969 and was one of the earliest homes built in Jindalee,” Mr Kremer said.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019“The block size and elevation were the key.”last_img read more

Margate property undergoes top renovation

first_imgThe home at 37 Cox Street, Margate, is on the market for offers over $629,000. This renovated family home is on an elevated block, tucked away in a quiet street of Margate.The property at 37 Cox St has three bedrooms, two bathrooms and a revamped backyard with an inground pool, an entertaining deck and a guest room.Tamara and Kerry Smith bought the place in September 2012 and gave it the makeover it had been crying out for.“When we moved in, the inside had received a bit of renovation but it looked like whoever had done it had just given up,” Mrs Smith said. The living space opens to the back deck.“It was like tools down on The Block when someone had run out of time. Nothing was screwed down and nothing was fixed in place.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019“Outside the front yard was full of nut grass and the backyard had two concrete carports instead of grass.”The Smiths ripped up all the concrete — a two week job — painted the home inside and out, created an inviting outdoor space on the timber deck, revamped the pool area and turned an old carport into a guest room.Mrs Smith said her favourite part of the home was the deck, which was off the open-plan living, dining and kitchen area. Timber floors feature throughout the home.“You can sit out there, listen to some tunes and watch the kids play in the pool,” she said.“We entertain out there all the time — my hubby built a bar out there from half a tree someone was selling and he built a corner (shelf) for the stereo as well.”The home has timber floors to the living areas and carpets and built-in robes in the bedrooms.The bathrooms and kitchens have also been updated.There is a double lockup garage at the front of the home, and the 607sq m block is fully fenced.The property is being marketed by Loren Mulholland and Jonathan Gordon from Ray White Redcliffe for offers over $629,000.last_img read more

Narangba Valley home less than one year old

first_imgThe kitchen at 1 Monarch Ave, Narangba.The kitchen has a 900mm freestanding stove with gas cooktop, ducted rangehood, stone benchtops with waterfall ends and a plumbed butler’s pantry. There is also a separate media room with airconditioning and internal sliding doors off the dining area. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The master bedroom has a walk-in wardrobe and a luxurious ensuite with floor to ceiling tiles, shower and cleverly tucked away toilet. Two of the remaining bedrooms have built-in wardrobes and the third could be used as a home office. The home at 1 Monarch Ave, Narangba.THIS bespoke family home, on the market in the Narangba Heights estate, is less than a year old. With a modern layout, open-plan living and an outdoor entertainment area, the home at 1 Monarch Ave is perfect for families. The home has an open-plan living, dining and kitchen area that opens through stacker sliding doors to the outdoor entertaining area. The living area at 1 Monarch Ave, Narangba.The family bathroom has a bath and shower, the toilet is separate and the laundry has external access. The home is on a 581sq m block with established lawns and gardens and a double lockup garage.There is already concrete piering and electrical provisions in place for a swimming pool. The property is NBN and reticulated bulk gas ready. center_img The outdoor area at 1 Monarch Ave, Narangba.It is walking distance to schools, shops, cafes and parks. The home is within the Narangba Valley Primary School and Narangba Valley Secondary School catchments, and is 200m from Carmichael College. Marketing agent Chris Clifton said the Narangba Heights estate has more than 50 acres of parkland, including playgrounds, lakes, bikeways and hiking trails.last_img read more

New laws passed in federal Parliament are tipped to hit property investors in the hip pocket

first_imgInvestors who buy existing properties will no longer be able to make such substantial deducations.PROPERTY investors are set to be thousands of dollars out of pocket following the introduction of new laws, throughout Australia.The legislation which was passed in federal Parliament means owners of investment properties will be restricted in what depreciation they can claim on their assets.Experts predict they will be an average $4200 worse off.The changes relate only to investors who bought an existing property after May 9, 2017.Those who bought before that date or a new property will not be affected.BMT Tax Depreciation CEO Bradley Beer said basically the changes meant buyers of existing investment properties after that date could not claim depreciation for items in the home, such as air conditioners, carpet or solar panels, if they did not pay to install or replace them.He said it didn’t matter if the item was only a few months old when it was put into the property and that the quality of such items would have been factored into the sale price.Previously if the investor owner of a property had not installed such items during their ownership they could still claim depreciation on them, up to a certain time period of ownership.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by Mr Beer said the changes would mean thousands of dollars less for property investors. Bradley Beer, CEO of BMT Tax Depreciation“According to our analysis over the first five years of ownership the new law will result in an average loss of around $4236 in depreciation deductions each year for those impacted,’’ he said.“Any investors in a new residential property it doesn’t affect at all, but any investor in an existing residential property is affected from a cash flow perspective in terms of tax by the changes which have been passed today.’’Mr Beer said he didn’t think it was right that owners could not claim depreciation if they didn’t make the initial outlay.He said the legislation was effectively rendering the value of fairly new items to zero.“Which is an odd thing to do and does affect the investors hip pocket and distorts the market a little.’’Mr Beer believed many investors would not be fully aware of the ramifications of the new laws even though it had the potential to affect thousands of them.last_img read more

This Ascot property has had a brush with Hollywood fame

first_img142 Yabba St, AscotWhile it is a dream home with all the bells and whistles they established themselves elsewhere during the build so have now decided to sell with the house to go to auction on December 9. Bold Group owner Brett Boulton has listed his Yabba St home.Mr Boulton from the North Lakes based Bold Group, said they had been made aware of the celebrity connection when they bought the home.Unfortunately that house hasn’t remained on the site, the small cottage was knocked down to build what the couple thought would be their dream Hamptons style home. Dwayne ‘The Rock’ Johnson in Australia for filming of San Andreas.IT may be a far cry from Hollywood but this Ascot property still has some pretty solid celebrity credentials.The original property on the site at 142 Yabba St, featured in the Dwayne “The Rock” Johnson movie, San Andreas, which was shot in Australia.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by Owner, builder Brett Boulton and his wife Arlia, said they lived in the original house on the site for a couple of years and actually sat in the lounge room and watched the movie, and spotted the room in the film.last_img read more

High-tech home offers sustainable living

first_img23 Chimene Lane, BurdellIt monitors everything from the temperature of the home, how many people are inside, air quality to energy consumption and what energy sources are being used.Lights and airconditioners can also be controlled remotely.As well as offering sustainable living the home is filled with stylish touches from the polished concrete floors, stone bench tops and luxury fitting and fixtures. 23 Chimene Lane, BurdellThe home was built by Finlay Homes as their display home at North Shore.Inspired by a Californian beach house, it has a relaxed, casual vibe complete with coastal themed yard and fire pit.Ray White Townsville selling agent Julie Munro said the home’s smart design means that energy bills are kept to a minimum. 23 Chimene Lane, BurdellFROM a scale in the laundry floor that automatically syncs with your fitness watch or phone to a monitoring system that detects humidity and carbon dioxide, 23 Chimene Lane is filled with cutting edge technology.The four-bedroom, two-bathroom home in Burdell has a 9.5 star energy rating and is believed to be the only one of it’s kind in Townsville. 23 Chimene Lane, BurdellThe home was originally sold by Finlay Homes to a married couple who are now separating and urgently wanting to sell the house. Ms Munro said the property was a rare opportunity to snap up a former display home priced below replacement cost.“This property will be open all through the festive season until it’s sold,” she said.“Display homes in the village are going under contract really quickly.“Display villages do not close very often in Townsville so this is a rare opportunity.”center_img 23 Chimene Lane, BurdellMore from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“The design of the home is that it has passive cooling which means it doesn’t require energy to cool the home, the construction does it,” she said.“It would make a very good downsizer because of the energy rating so when you no longer have the capacity to increase your wealth you want to live as sustainability as possible so this would be great for retiring couples.“It also has four living areas so you could have a teenage or guest’s retreat if you wanted to.“Everything that was the latest, greatest and shiniest has been put into this property.” The home has an elaborate monitoring system called Auzimax. 23 Chimene Lane, Burdelllast_img read more

Grand Queenslander home on offer in leafy suburb

first_imgInside 153 O’Brien Rd, Pullenvale.“You’re close to the hustle and bustle of the city, but then you’ve got this retreat to come back to. “It’s a very different pace out here.Mrs Pomroy said the home would suit a family looking to enjoy the outdoors. “There’s space to move, space to breathe and the space to enjoy life,” she said. Inside 153 O’Brien Rd, Pullenvale.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoThe four spacious bedrooms each have French doors that lead to the expansive wrap-around veranda.The master bedroom has an ensuite, a walk-in-robe and bay window seat that looks out over the lush gardens.“I love that no matter what room you’re in, you’re so connected to the outside,” Mrs Pomroy said.“We spend lots of time on the veranda, enjoying the landscape and fresh breeze. It’s truly breathtaking.”Mrs Pomroy said the home was very relaxing and private.“You get the best of both worlds when you live out here,” she said. The home at 153 O’Brien Rd, Pullenvale.“I saw a picture of it and fell instantly in love,” Mrs Pomroy said. The iconic Queenslander floorplan, with 3.3m-high ceilings, large windows and spacious living, dining, kitchen and family rooms, is connected by a central hallway. On the same level, there is a bathroom with a claw-foot bathtub and separate shower, laundry and bedrooms.center_img REAL ESTATE: 153 O’Brien Rd, PullenvaleThis elegant family home has been beautifully restored and maintained. The grand, four-bedroom Queenslander, at 153 O’Brien Rd, Pullenvale, overlooks 1ha of manicured gardens and lush, rolling hills.Current owners Natassia and Andrew Pomroy purchased the home in 2009, after spending several months looking for property in the area.last_img read more

Oversized units hit market $45k below suburb median

first_imgNaia Mermaid Beach will boast a pretty gorgeous pool.A new residential tower in one of the Gold Coast’s most exclusive suburbs will offer over-sized apartments, with starting prices well below the median apartment sales price for Mermaid Beach.One bedroom apartments at the $88 million Naia development will start from $380,000 – $45,000 less than the December quarter median sales price of $425,000, according to CoreLogic.Stylish, contemporary bedrooms.The 24-level project, launched by Eastview (Australia) on December 16, will be located 400m from the beach, and a short stroll to Pacific Fair Shopping Centre, light rail and The Star Gold Coast entertainment complex.The interior styling will be chic, modern and maximise on the building’s abundant natural light.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour ago02:37International architect Desmond Brooks selling luxury beach villa20 hours agoAgent Steven Chen, of The Agency, which has been appointed to market the project, said Naia was a rare offering for the Mermaid Beach area.The open-plan living spaces are designed to accommodate easy living.“Naia launches to the market at a time when owner occupier buyers are dominating the city’s apartment sales,” Mr Chen said.“Contemporary apartment product is scarce in Mermaid Beach, and as one of the first high-rise towers in the area, Naia will deliver a luxurious seaside lifestyle at a very reasonable price point.” Naia’s oversized one, two and three-bedroom apartments will feature sophisticated interiors, ocean views and expansive outdoor entertainment areas including a spectacular communal rooftop precinct with sweeping ocean and city views.Designed by Gold Coast architects TVS, Naia’s 97 apartments will be wrapped in a stunning seaside-inspired design and will feature an exclusive rooftop residents’ lounge with a swimming pool.The Naia development comes after Eastview completed $1 billion of work on the Gold Coast, including The Wave, Vogue and Verve at Broadbeach, Sanbano at Coolangatta, and the Ivory and Element buildings at Burleigh Heads.The company is also progressing its beachfront Northcliffe Residences in Surfers Paradise, where almost 70 per cent of the 75 apartments have sold.Eastview managing director Graham Goldman said Naia would “epitomise everything people are looking for in a modern beachside apartment lifestyle”.Construction is expected to start in the last quarter of 2018, with the sales display open daily from 10am to 5pm. The display suite will be transformed into a community space once all apartments are sold, and will host local artists and students’ artwork from local schools.last_img read more