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One acre blocks at a premium near Ipswich CBD

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One acre blocks at a premium near Ipswich CBD

First National Real Estate Action Realty Ipswich business owner Steven Baldwin and principal Glenn Ball have had a record breaking sales month.Rob Williams

PINE Mountain is emerging as a property hot spot for families wanting large blocks, close to the city centre.

The established large blocks are slowly disappearing in parts of Ipswich with a dramatic increase in subdivisions approved by the council and standard properties in new estates being built on about 400m sq.

The number of subdivisions approved by Ipswich City Council across the city this year has doubled since 2016, the council’s latest quarterly property and development report shows.

In the past few weeks, First National Action Realty Ipswich real estate agent Glenn Ball has sold several properties in the Pine Mountain area to families moving into the city who want access to the highway, the CBD and the nearby West Moreton Anglican College.

Mr Ball said the demand for one acre properties meant good returns for sellers.

“Pine Mountain is a hot spot at the moment,” Mr Ball said.

“People are really looking for those one acre blocks and listings have picked up heading into Christmas.”

Mr Ball said there had also been a shift in the market at Peak Crossing and Walloon from the same type of buyer looking for large lot living.

“There’s aren’t a lot of pockets left around Ipswich where you can buy a modern home on a large block so that’s part of what is attracting people.

“We’re getting some really good prices for homes out at Pine Mountain at the moment. I sold one recently for $609,000 on an acre.”

Originally Published: www.qt.com.au

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Rush to spend big in Greater Springfield

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Rush to spend big in Greater Springfield

PREMIUM properties across Greater Springfield are in such high demand that local real estate agents are being inundated with offers at an unprecedented rate.

And if the recent sale of 12 Foreshore Drive is anything to go by, it looks to be a seller’s market.

McGrath principal Tracey Caruana sold the Springfield Lakes home in November for $742,000 netting the seller close to a $100,000 profit. They bought the two-storey, four-bedder in 2015 for $650,000.

Local real estate agents are creating waiting lists for premium house hunters in the Springfield area.

The median sale price for four-bedroom homes in Springfield Lakes is $465,000.

Ms Caruana has sold homes in the area for 12 years, and said selling a house for more than $700,000 used to be “a hard slog”.

This one had four multiple offers after its first open home.

“I’ve never seen this before,” Ms Caruana said.

“We don’t normally see this type of interest in the high end market of Springfield and Springfield Lakes, but we are finding that more people are interested in these type of large executive-style homes.”

She credited the sale to the “superior fixtures” and “wow factor” of the two-storey Plantation Home situated on a 576 sqm block.


12 Foreshore Drive, Springfield Lakes sold for a record breaking price of $742,000. IMAGE: AAP/Renae Droop

With a chef’s kitchen, butler’s pantry, fingerprint security technology, solar panels and solar hot water, the home was marketed as having “everything you need”.

Ms Caruana said the local supply of high-end properties was not keeping up with demand.

“We have a waiting list of people wanting premium, high end properties,” she said.

“I’m seeing people pounce on anything over $700,000 as soon as it goes on the market.

“It never used to be that way. You’d sit at an open home just watching the sky.”

She credited an influx of executives and families wanting larger block sizes for the bolstered interest in larger, more expensive properties.

Movement in the Augustine Heights market was also contributing.

“They want space for a trampoline and a swing set in the backyard which you can’t do with a 300 sqm block,” she said.

Ms Caruana said interest in the top end would help increase property values across the board. “The upper end drives the rest of the market,” she said.

“If the upper end moves up it pulls the rest of the market up. It’s a significant change, but definitely a positive one.

“If the trend continues at the current rate and the current interest remains, then I would at least expect­ to see continual growth across Greater Springfield.”

The sale of an Augustine Heights property that was only on the market for one day took the record for the speediest sale of 2017.

Brookwater Residential agent Irena Marasea secured the $900,000 December sale. It even inspired her to have ‘sold in one day’ stickers created. Ms Marasea holds the $1.4 million price record for Brookwater set in 2016.

Originally Published: www.couriermail.com.au

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Ipswich Mall ready for re-construction

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Ipswich Mall ready for re-construction
IT’S the year of rebuilding the Ipswich Mall.

The wrecking ball and dozers moved into the derelict site mid last year, demolishing what used to be the heart of the city, ready for a fresh new look to begin evolving in 2018.

The new Ipswich City Council administration building, the future food and beverage precinct and parts of Murphy’s Pub are all ready for re-construction to begin in the first part of the year.

Murphy’s Pub in Union Place has been deconstructed in consultation with heritage experts, with all non-original elements removed and all historically-significant elements either on-site or in storage ahead of restoration.

Expressions of Interest for the rebuilding project have now been received and it is anticipated that the tenders will be advised shortly.

Work has also been completed to restore the Bremer St footpath with pedestrian access now available.

Originally Published: www.qt.com.au

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$900,000 Ipswich home sets record with speed of sale

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$900,000 Ipswich home sets record with speed of sale
QUICK SALE: A property at Augustine Heights sold by Brookwater Residential agent Irena Marasea spent one day on the market.

AN AUGUSTINE Heights home has been snapped up by eager buyers for $900,000 just one day after it was put on the market.

The sale of the five bedroom, three-bathroom home is believed to be the quickest in the area.

It was also another feather in the cap of Brookwater Residential agent, Irena Marasea.

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Ms Marasea, who last year set the price record with a $1.4 million sale in Brookwater, attributed the fast sale to the depth of her buyer database.

With a second kitchenette and an additional double garage, Ms Marasea said it was a unique property that appealed to a certain couple.

“These buyers had a particular requirement and this house really ticked all of their boxes,” she said.

The sale of the home was a straight-forward one.

“I met with the owners and they wanted to see what I thought of their property,” she said.

“They were surprised and taken back at the value of the appraisal I’d given them.”

 

The home, with five bedrooms and three bathrooms sold for $900,000.

The home, with five bedrooms and three bathrooms sold for $900,000.

The home was put on the market and within one day the buyers, Victoria and Ian, had fallen in love with it.

“I could just see that these buyers, it was for them, I knew they would like it – their lifestyle would fit,” Ms Marasea said.

“It was a really nice sale for all parties.”

The couple had spent about eight months with Ms Marasea searching for the right property.

She believes by understanding the couple’s ideas and wishes, the sale was completed quickly and easily.

Ms Marasea has worked as a real estate agent in the area for about 10 years.

She recalls the days when about five cars used the Centenary Motorway, a far cry from the bustling metropolis the Greater Springfield region is becoming.

With last year’s $1.4 million Brookwater sale, Ms Marasea predicts the region will continue growing.

“I think definitely in a positive direction, people love the idea of living there,” she said.

“You’ve got lots of beautiful houses with swimming pools, lots of land available.”

Her record-breaking time on the market led Ms Marasea to create ‘sold in one day’ stickers.

Originally Published: www.qt.com.au

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