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Queensland experts reveal the tops spots to buy in 2018

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Queensland experts reveal the tops spots to buy in 2018

WHETHER you are a first time entrant into the market, a family looking to expand or wanting to dip your toe into the luxury market, these are southeast Queensland’s top spots to buy this year.

Is the new year time for a new home? Whether you are a first time entrant into the market, a family looking to expand or wanting to dip your toe into the luxury market, we’ve asked the experts to nominate the top southeats Queensland suburbs to buy in 2018.

The Experts:

Tony Warland – Ray White Qld CEO

Damian Hackett – Place Estate Agents CEO

Brendan Whipps – Harcourts Qld CEO

Jon Iceton – Belle Property Head Qld

Paul Arthur – Qld Sotheby’s International CEO

Their picks:

FIRST HOME BUYERS (under $500,000)

NORTH

Narangba: A long-time popular suburb for its affordable homes. TW

North Geebung: Growing in value, 20 minutes from CBD with access to motorway and renovated Chermside shopping centre. DH

Banyo: Great buying, emerging services and close to Nundah’s thriving scene. BW

Redcliffe: Affordable waterside suburbs, new rail link, very attractive to the first homebuyer. JI

Banyo: Close to the CBD, train and bus, and strong returns. This a great place. PA

SOUTH

Springfield: Technically southwest. Still close to the CBD, while still in Ipswich Council area. TW

Acacia Ridge: Next to thriving south-side suburbs, without the price tag. Large blocks. DH

Springfield Lakes: Great value for money and plenty of investment surrounding it. BW

Rochedale: An attractive alternative for the first homebuyer looking to enter the Brisbane market. JI

Rochedale South: New estates popping up. this is the best pick for in the south . PA

EAST

Alexandra Hills: Nice steady suburb for homebuyers and investors with good returns. TW

Tingalpa: Great opportunities only minutes away from premium locations like Bulimba and Hawthorne precincts. DH

Wakerley: Close to the Bayside and City, surrounded by big blocks . BW

Murarrie: Post-war weatherboard and chamferboard houses combined with more modern estates. JI

Alexandra Hills: Average home prices of under $500,000, but still less than 30 mins to CBD. PA

WEST

Ipswich: We expect price growth in 2018 as the market has caught up and is ready to go . TW

Forest Lake: New homes at affordable prices in smaller communities with great amenities. DH

Riverhills: Affordable one to watch with better access to the city now through Legacy Way. BW

Oxley: Quiet neighbourhoods with a strong sense of community. Streets are wide and leafy, and many big blocks of land. JI

Ferny Hills / Arana Hills: I can’t go past either for location, quality, and value for money. PA

GOLD COAST

Upper Coomera: Long been a favourite for commuters and for affordable stock in the high growth corridor. TW

Upper Coomera: Continuously evolving, with new homes and developments in safe communities at affordable prices. DH

Ashmore: Great value in low sets and good sized blocks. Pockets of opportunity. BW

Coomera / Hope Island: Within reach of the beaches and an easy commute to Brisbane, great opportunities for the entry level buyer. JI

Varsity Lakes: Smaller homes ideal for first home buyers close to Bond University and Robina Town Centre. PA

SUNSHINE COAST

Sippy Downs: Set for more growth as it becomes more of an education hub. TW

Sippy Downs: It offers housing opportunities close to the Sunshine Coast University at very affordable prices. DH

Caloundra: Beaches, closest Sunny Coast location to Brisbane for work options and beautiful. BW

Caloundra: Plenty of development in the pipeline offering excellent opportunities for those wanting to enter the market. JI

Bli Bli: Increased infrastructure, new developments and regular capital gains.PA

FAMILIES ($500,000 to $1 million)

NORTH

Bracken Ridge: Close to good arterials and shopping centres. A lot of people who sell in Bracken Ridge, buy in Bracken Ridge. TW

Wavell Heights: An attractive suburb close to the M1, with good, quality character homes and homes ready to renovate. DH

Wavell Heights A hot spot in the inner-north. Beautiful leafy streets and big homes. BW

Wavell Heights: A quick commute to work. Families can capitalise on generous blocks close to the city. JI

Wooloowin / Kalinga: Close to the city, and many great prestigious schools, plus Kedron Brook. Still priced under the luxury market. PA

SOUTH

Rochedale South: This suburb stands out for its volume. This is family heartland. TW

Mount Gravatt East: Still offers value for money. Some of the South’s best school catchment areas, public transport and parks. DH

Daisy Hill: Home to some large, quality homes on large parcels of land. BW

Tarragindi: Easy commute to the CBD and a major motorway heading north and south.JI

Macgregor: Still a relatively undiscovered gem with some great bargains still to be had.PA

EAST

Carina: There’s been a solid five years of growth in Carina and it should continue. TW

Cannon Hill: Affordability for families on reasonable land, and an attractive lifestyle. DH

Camp Hill: It’s hard to beat the inner-east — so much to offer for everyone in the family. BW

Carindale: A lively entertainment and shopping culture, and quiet residential pockets and greenspaces. JI

Manly: Brilliant opportunity for families looking to take advantage of the coastal life while still in reach of the city. PA

36 Watcombe St, Wavell Heights is listed for sale in the popular family suburb. Picture: realestate.com.au

36 Watcombe St, Wavell Heights is listed for sale in the popular family suburb. Picture: realestate.com.auSource:Supplied 

WEST

Toowong: There’s such strong affinity to St Lucia in this education hub. TW

Kenmore:Large renovated Queenslanders on decent-sized allotments and a leafy lifestyle. DH

Chapel Hill: Leafy, quiet, well positioned and easy access to quality schools. BW

Kenmore: Changing demographic towards younger families, neighbourhood bars and eateries are eon the rise. JI

Bardon/Auchenflower: Close to the city, including Suncorp Stadium, with consistent growth, and great resale. PA

GOLD COAST

Helensvale: Helensvale is rocking. It keeps improving year on year. TW

Elanora: Affordable family homes on larger allotments with easy access to beaches. DH

Hope Island: Big homes with all the lifestyle and quick access to the M1 for commuters.BW

Palm Beach: A fabulous blend of community on the beach. Only minutes from the airport and heart of Surfers Paradise. JI

Parkwood: Larger blocks, many on the golf course. Excellent, central location with easy transport links. PA

SUNSHINE COAST

Buderim: In a high ground area which has always been popular. TW

Coolum: Significant growth in infrastructure and new developments, making it a hotspot for families for affordable beachside living. DH

Buderim: Bustling community with funky cafes, stunning views and close to the beach. BW

Moffat Beach: Beachside neighbourhood which radiates summer. Moffat is becoming a favourite for family’s due to its easy lifestyle. JI

Buderim: Perfect for families. Warm, close-knit community, close to good schools and just over 60 mins to Brisbane CBD. PA

LUXURY – ($1 million plus)

NORTH

Ascot: This is blue ribbon Brisbane’s classic heartland for fine luxury homes. TW

Teneriffe: Riverside hotspot offers one of Brisbane’s best lifestyles. Restaurant precincts and extensive amenities. DH

Clayfield: Stronger than ever, tree lined streets, stunning homes and some hidden value.BW

Hamilton: Picturesque river views, a perfect blend of community vibes, heritage aesthetics and entertainment culture. JI

Hendra: 2018 should see Hendra come into the light after reaching an average sales price above $1m for the first time last year. PA

West End: In the $1 million median club for its great schools and vibrant community. TW

Coorparoo: Strong development and growth, with new developments, like Coorparoo Square, adding to the appeal of the location. DH

Tarragindi: Emerging luxury, family orientated and great proximity to CBD. BW

Coorparoo: A balance of old and new, with character-rich homes and entertainment and lifestyle developments moving into the area. JI

Highgate Hill: It will rebound strongly in 2018, to join the group of suburbs with an average sales price above $1m. PA

EAST

East Brisbane: Strong connections to Kangaroo Point, Woolloongabba and Stones Corner. A lot of real estate opportunity. TW

M anly: A relaxed, seaside community lifestyle, perfect for families and boating enthusiasts. DH

Balmoral: Views, cafes, restaurants, stunning homes — always in high demand. BW

Hawthorne: Premium river side location with an enviable selection of refurbished homes and colonial Queenslanders. JI

Balmoral: Great city views, great community, great lifestyle. PA

39 Yabba St, is listed for sale in the luxury enclave of Ascot.

39 Yabba St, is listed for sale in the luxury enclave of Ascot.Source:Supplied

WEST

St Lucia: A long held suburb where people buy and hold for many generations. TW

Chelmer: Plenty of opportunity for those who want to live in a renovated Queenslander in a leafy, riverside location. DH

Paddington: Character filled with opulence. so close to the city. BW

St Lucia: Prestigious, renovated Queenslander and federation homes. JI

Brookfield: Seclusion, privacy on generous acreage blocks, Brookfield is now home to Brisbane’s most stunning luxury properties. PA

GOLD COAST

Paradise Point: This has always been an affluent high end sought-after area. TW

Palm Beach: Huge growth in new homes on prime beachfront land along with the opening of trendy restaurants in the main strip. DH

Broadbeach: Say no more — you can have it with no shortage of luxurious choice. BW

Broadbeach: Towering high-rise and contemporary apartments dominate the picture-perfect coastline. JI

Broadbeach Waters: Luxurious, waterfront residences. Enviable lifestyle close to popular shops, cafes, beaches and schools. PA

SUNSHINE COAST

A lexandra Headland: Had two years of growth and we don’t see it slowing anytime soon. TW

Noosa: An incomparable premium beach lifestyle with stunning luxury homes. DH

Noosa: Who doesn’t love Noosa, National Parks, beautiful beaches and relaxed coastal scene. BW

Sunrise: A relaxing beachside location, with pristine beaches and national parks. JI

Noosa: It’s hard to go past Noosa for location and luxury on the Sunshine Coast. It’s a crown that seems to never tarnish. PA

Originally published: brisbaneinvestor.com.au

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Opinion

These are the top 3 spots to bag a bargain in Brisbane: Ryder

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These are the top 3 spots to bag a bargain in Brisbane: Ryder

Property analyst Terry Ryder has picked three spots to invest in Brisbane. Picture: Richard Walker.Source:News Corp Australia

WANT to know where to invest in Brisbane that’s both affordable and offers the prospect of price growth? Look no further…

THERE are only three areas in Greater Brisbane that offer affordable real estate with growth potential, according to property analyst Terry Ryder.

The founder of Hotspotting.com.au has identified three precincts where there are plenty of houses well below the median Brisbane house price of around $530,000, close to transport links, shopping and jobs nodes, and with median rental yields in the 5 to 5.5 per cent range.

Here they are:

These are the top 3 spots to bag a bargain in Brisbane: Ryder

Hotspoting.com.au director Terry Ryder at his home in Queensland.Source:News Limited

1. Goodna-Redbank Plains, Ipswich

These suburbs are at the eastern fringe of the Ipswich local government area — the part closest to Brisbane, the motorway and the train line.

They are also close to the Springfield masterplanned community, which has an array of modern facilities, including university campus, hospital and commercial-retail precincts.

“There are numerous big shopping centres and major employment nodes nearby, with the recently announced $5 billion Defence vehicle contract focused on this precinct as a major new jobs creator,” Mr Ryder said.

These are the top 3 spots to bag a bargain in Brisbane: Ryder

Terry Ryder thinks parts of Ipswich would make a good property investment. Picture: Chris McCormack.Source:News Corp Australia

 These are the top 3 spots to bag a bargain in Brisbane: Ryder

Terry Ryder thinks Redbank Plains is a good place to invest in property.Source:News Limited

2. Eagleby-Beenleigh-Woodridge, Logan

Mr Ryder said these older suburbs in Logan had median house prices in the $300,000s and were clustered around the train line and the Pacific Motorway, both of which link central Brisbane to the Gold Coast.

“This is also where there is an impressive shopping offering, including major bulky goods retail, and well-established infrastructure like schools and medical facilities (as well as a surprising number of golf courses).

3. Moreton Bay

The suburbs of Beachmere, Burpengary and Upper Caboolture have experienced double-digit growth in their median house prices in the past year, according to Mr Ryder.

They are all close to major road and rail links, but aren’t as expensive as North Lakes has become.

Even in the Redcliffe Peninsula, where most of the water-focused suburbs are, the median house price is only in the $400,000s.

And the Peninsula now has rail links to central Brisbane, making it an even more appealing prospect.

These are the top 3 spots to bag a bargain in Brisbane: Ryder

The Moreton Bay Rail link has made the area more appealing to property investors, according to Terry Ryder. Picture: Tara Croser.Source:News Corp Australia

Source: moretoninvestor.com.au

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Opinion

Property tax hikes will hit economy hard

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Property tax hikes will hit economy hard

The state government’s planned property tax increases risk wiping the state off the global investment map, warns Chris Mountford,
executive director of Property Council Queensland.Kevin Farmer

THE state government’s planned property tax increases, due to come into effect on July 1, risk wiping the state off the global investment map.
As the government begins work on the State Budget, the Property Council is ramping up efforts to highlight the hidden effects of the tax hikes.

These tax hikes will increase the cost of doing business, damage Queensland’s economic competitiveness and impact on every Queenslander.

With Queensland preparing to leverage the Commonwealth Games to attract new investment opportunities, these tax increases couldn’t come at a worse time.

Election campaign costings, released in the days prior to the November 2017 state election, revealed the government’s intention to introduce new land tax thresholds for aggregated land holdings with an unimproved value above $10 million.

Individuals, companies and trusts who are within this new threshold will be subjected to a 25% increase in the rate of land tax from July 1.

The government has also committed to increasing the stamp duty surcharge on foreign buyers of residential property from 3% to 7%.

The end result of this decision will be higher business rents, higher costs for new homes and damage to Queensland’s reputation as an investment destination.

Businesses who lease premises from larger landlords can expect additional rental and occupancy costs.

New homebuyers can expect an additional $800-$1000 added to the cost of purchasing a new home.

We once were able to lure investment from interstate and overseas with attractive tax rates, but we now find ourselves uncompetitive with our southern neighbours.

The Property Council is calling for the government to abandon the tax increases and commit to review and modernise Queensland’s property tax framework.

Our current land tax thresholds haven’t been changed in a decade, leading to significant bracket creep as property values have increased dramatically.

We need a simpler, fairer and more attractive property tax system to unlock investment and create jobs.

An all-encompassing review of Queensland’s outdated thresholds and property tax rates needs to be undertaken to put Queensland back on the investment map.

Chris Mountford is executive director of Property Council Queensland.

Source: brisbaneinvestor.com.au

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Opinion

Ipswich house prices on the rise

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Ipswich house prices on the rise

This is according to the latest analysis by RiskWise Property Research which found despite below-average property price growth over the past three months, Ipswich is an attractive destination to home buyers and investors who seek affordable housing. Over the medium to long-term the region is projected to deliver solid returns.

The research house CEO, Doron Peleg, said this would be driven by very affordable dwelling options and ongoing population growth, in particular, by high levels of interstate migration from Sydney and Melbourne.

The $5 billion contract for 211 high-tech armoured vehicles will result in a new multimillion-dollar Centre of Excellence at Redbank and defence jobs for 40 years.

Ipswich Mayor Andrew Antoniolli said the contract would create more than 330 permanent jobs from the outset, build significant opportunities for local businesses and provide associated work with ongoing delivery and maintenance of the vehicles.

“Defence directly contributed to more than 7000 jobs and almost $800 million to the Ipswich economy in 2016-17. But this contract will mean jobs for the next 30 to 40 years, for the life of the contract,” Cr Antoniolli said.

Mr Peleg said with the Queensland Government also allocating $868 million towards infrastructure and road projects in July last year, it was likely to trigger a construction boom which would grow local employment and hence demand for housing.

He said the Ipswich area, which was just 40km west of the Brisbane metropolitan area, enjoyed a stable property market offering both affordability, with a median house price of $371,000, and excellent access to the growing local business areas.

“The Ipswich area did deliver a slightly below average price growth relative to the Greater Brisbane and Australian benchmarks over the past five years,” Mr Peleg said.

“This is likely a result of its geographic distance from central Brisbane and the coastline, where most of the housing demand is centred.

“But that bodes well for those looking for affordability and the area has a house price-to-income ratio of 5.2 which is well below that of Brisbane and the rest of Australia.

“Also, lending restrictions and the potential recommendations of the Banking Royal Commission that are likely to result in lower borrowing capacity, are likely to increase the demand for Ipswich property.”

Mr Peleg said the region had a high median rental return of 5.2 per cent for houses and 5.8 for units which surpassed both the Greater Brisbane and Australian medians and could be attributed to the “very low” median property price combined with the ongoing demand for rental properties across Ipswich.

He expected them to remain at a consistent level over the short to medium-term.

“However, it is worth noting that units, with an extremely affordable median price of $280,000, do carry a higher level of risk, particularly in the short-term due to high additional supply levels,” he said.

“The Ipswich area delivered lower capital growth for units than for houses over the past five years. We believe given the high supply levels expected over the next 24 months, it is likely the area will continue its poor price growth trajectory.”

Another 2,683 new units will be added to the local property market over the next 24 months which is an increase of 39.1 per cent to the existing supply and sits well above the number for Greater Brisbane.

Mr Peleg said this level of supply should be treated with “high caution” and was likely to slow the market for units over the short to medium term.

Visit www.riskwiseproperty.com.au

RiskWise Property Research was formed in 2016 with the goal of providing property risk advise and research services to help its clients make informed purchasing decisions.

Its goal is to provide private investors, home buyers, property professionals and institutional clients with detailed risk information to support smarter decision making. Its vision is to be a global leader in property risk rating and research helping its clients to achieve deeper risk insights so they can make smarter property investment decisions.

Source: www.miragenews.com

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