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Unfinished mansion on Gold Coast’s Paradise Point goes to auction.

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Ipswich Investor, Property Management, Real Estate Ipswich, Mortgage Broker Ipswich, Ipswich property market

A HUGE unfinished house that is the biggest residence on the elite Sovereign Islands at Paradise Point has been put to market by mortgagee, the ANZ Bank.Ipswich Investor, Property Management, Real Estate Ipswich, Mortgage Broker Ipswich, Ipswich property market

The mansion, which sprawls over four blocks that cost $9.44 million in 2005, is to be auctioned on July 20.

The ANZ took possession of the Knightsbridge Parade East giant after taking court action in Australia and Singapore and evicting owner Clare Marks and husband Scott Tyne.

A new owner will face the expense of completing the 3004sq m house, which is believed to be only 80 per cent finished.

The six-bedroom, seven-bathroom mansion, which had an initial construction cost of $12 million, has been built to very high standards.

It has triple-glazed windows with hand-beaten copper framing, exterior pillars that are 100 per cent travertine, thick interior doors that have aluminium running through them to prevent twisting and foundations that one observer says would support a 10-storey building.

Ms Marks and her family were living in a completed wing of the house when they were evicted.

David Vertullo and Chris Moyer, of The Professionals Vertullo Real Estate, are marketing the property.

The ANZ gained an order in the Supreme Court, Brisbane, in October to take possession of the house, an order which Ms Marks unsuccessfully appealed against.

She later said she had declined a bank offer to lease her the house at $3000 a week because she could not afford the rent and, in her words, was left `homeless’.

Ms Marks is an accountant operating a practice at Paradise Point.

Previously she ran a similar business in the UK for five years.

Former Mallesons lawyer Mr Tyne has been locked in a $2 billion-plus legal suit against AXA Asia Pacific (now part of AMP) over cancelled life insurance policies called Prosperity Bonds.

The ANZ’s move to take possession of the Sovereign Islands house came after interest payments were not made on a multi-currency credit facility for up to $15 million.

The facility was secured by a first mortgage over the house and by personal guarantees from Ms Marks and Mr Tyne.

The bank’s decision to auction the property comes as there are signs of renewed life in the Sovereign Islands market after a rough period in which distress sales have seen prices under severe pressure.

One street, King Charles Drive, has seen seven sales in five weeks at prices from $1.3 million to $2.7 million.

Among those who have been active in the market is billionaire Clive Palmer who, with family members, owns at least nine Sovereign Islands properties.

The record for a house on the islands is $11 million, paid in 2006 for Baltimore, a seven-bedroom Royal Albert Crescent home.

Owner Susan Lillioja has since marketed it at $19.5 million.

 

Original Article published at www.Couriermail.com.au  by Quentin Tod, Gold Coast Bulletin 12/6/2013

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Work starts on Ipswich ‘affordable housing’ project

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Work starts on Ipswich 'affordable housing' project

GREAT START: Jennifer Howard MP with Darren Delaforce – Project Manager Housing and Public Works and Nick Simpson and Brett Johnston from Paynter Dickson Qld ‘turning the sod’ at the new social housing project in Booval.

A NEW social housing project has kicked off in Ipswich.

Works began this week at the Booval development near the train station.

The project is the first of many more to come and part of a $103million package to deliver safe, secure and affordable housing for Ipswich residents over the next five years.

The availability of affordable housing has been flagged as an issue in Ipswich.

The two-level, two-building project at 18 Dudleigh St will create six new homes and is expected to be finished before the end of July.

Assistant Minister for State and Ipswich MP Jennifer Howard said the two ground-floor units would offer enhanced accessibility and adaptability suitable for people with mobility challenges.

“The ground-floor apartments will be built to platinum standard of the universal Liveable Housing Design Guidelines and boast features such as wider hallways, level thresholds and provision for grab rails,” Ms Howard said.

“This ensures they are easily adaptable when the needs of occupants change over their lifetimes.

“The apartments will also be close to local shops, the Booval train station, bus stops and parks, ensuring they will enable better connections to support and health services, and encourage greater social, economic and cultural participation.”

Ipswich’s population is expected to grow by 11,000 people by 2027.

“It is important that we invest now in preparation for future demand,” she said. “The Department of Housing and Public Works continues to work closely with Ipswich City Council to respond to specific housing affordability issues in the city.

“We are also now seeing additional HCJP opportunities from the market to build social housing in Ipswich to further support and accelerate new construction and precinct development.”

The $103 million to be spent on affordable housing in Ipswich, via the State Government’s Queensland Housing Strategy, will create 383 new social housing homes and create 59 full-time industry jobs each year.

Housing Minister Mick de Brenni said the $103million investment was a key element of the strategy which was “transforming the way housing services were delivered”.

“This strategy is all about better supporting people in need, and creating a pipeline of development opportunities for local trades and builders,” Mr de Brenni said.

Originally Published: qt.com.au

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Defence Housing Australia launches new estate in Deebing Heights

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Defence Housing Australia has just launched Torhaven in Ipswich.

DEFENCE Housing Australia (DHA) has officially launched its new Torhaven development in Deebing Heights in Ipswich.

The $78 million project covers 27ha and will have 294 land lots. It will eventually deliver around 100 homes for Australian Defence Force personnel and their families, supporting the Air Force and Army at Ipswich’s Amberley base, with the remaining lots being opened to the public.

The first allocation of 43 Defence homes is due to be delivered in September next year. With the sales launch of the first 62 public purchase lots scheduled to start from November.

DHA’s chairman the Honourable J. A. L Sandy Macdonald, and managing director Ms Jan Mason, recently hosted local Ipswich resident and original landowner Mr Andy Rawlings, and Wing Commander Karen Breaden, for the ceremonial sod turning event.

The launch unveils DHA’s Torhaven development to the Ipswich community and marks the inaugural excavation works on the site.

“As DHA’s first major masterplanned community in the Ipswich region, we are indeed excited to mark the beginning of Torhaven,” Mr Macdonald said.

“Our vision for Torhaven is to create a sustainable and safe parkland community that’s characterised by high quality homes, tree-lined streets and shared community spaces.”

Around $2 million will be spent on parks and open space which will cover about 20 per cent of the site.

Property services group Oliver Hume has been appointed sales and marketing agent for the project.

Oliver Hume Queensland managing director Brinton Keath said the project was well positioned to take advantage of the strong market for new land in the Ipswich growth corridor.

“This corridor presents some of the best value buying of anywhere in Queensland at the moment,” he said.

“We would expect to experience strong demand from local buyers looking to upgrade into a new home, as well as families moving to the area for employment opportunities.”

Torhaven is a name derived from Tor, a high rocky hill, and haven, a place offering favourable opportunities or conditions — directly referencing the site’s natural features and honouring the use of the site by the local Rawlings family for over 40 years.

DHA acquired the site on 19 May 2015 from Mr Andrew ‘Andy’ Rawlings and his wife, Sandra, who are members of the same Ipswich family that founded Rawlings Shoes and mens wear in 1898. The Rawlings’ store still exists in its original location at 137 Brisbane Street in the Ipswich CBD.

“To begin this project alongside a family who has called Ipswich home for some 115 years, is an honour and is in the true spirit of the community feel we hope Torhaven personifies,” Mr Macdonald said.

 

Originally Published: www.weeklytimesnow.com.au

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$1.5bn Town Centre Under Construction As Developer Releases Second Neighbourhood To Market

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ecco ripley

The $500m master planned development, “Ecco Ripley” has now released its second neighbourhood, “Lighthaven” to market, with 40% of the first release already sold. 

According to the Ecco Ripley website, Ripley Valley continues to grow and will reach an estimated population of 120,000 over the coming years, with the $1.5 billion Ripley Town Centre currently under construction.

Located in Ipswich’s western corridor Ripley Valley is expected to accommodate 25% of south-east Queensland’s population increase over the next 20 years. Ipswich is 40 kilometres west of Brisbane’s CBD.

Lighthaven comes to the market from developer Sekisui House following the release of the neighbourhood “Brooking Rise”, where more than 750 residents are living in, or building their homes.

The development master plan has received a 5 Star Green Star Communities rating from the Green Building Council of Australia.

ecco ripley

Artist’s impression of Ecco Ripley town centre

Sekisui House CEO and Managing Director Toru Abe said Lighthaven reflected the company’s commitment to rolling out the next generation in community living.

“Lighthaven embodies a new generation in lifestyle, in line with Sekisui House’s philosophy of creating all-encompassing living environments from the building of individual homes to infrastructure, roads, public spaces and amenities,” he said.

“Our holistic and sustainable approach to design and development is realised in both land and built-form with Lighthaven and the development of major infrastructure for the region with the Ripley Town Centre.”

Featuring more than 10 hectares of open space and parklands, Lighthaven will be at the heart of the Ripley Valley as the closest neighbourhood to the Ripley Town Centre, which will be just a short walk or cycle away.

Buyers in the initial release of Lighthaven will be moving into their new homes when the $40 million first stage of the Town Centre opens in early 2018.

Home owners in Lighthaven will be no more than 200 metres from the neighbourhood’s extensive open space and parklands, which includes seating, barbecues, shelters, walking tracks, parks, playgrounds, outdoor gym equipment and family activity areas.

Lighthaven’s first release comprises 38 lots that range in size from 300 sq m to 450 sq m, and are priced from $172,000.

Suitable for first home buyers, investors, upsizers and downsizers, Lighthaven lots are NBN-ready and offer natural gas connection.

Buyers have the option of building their home with a house-and-land package designed by Sekisui House or to use a builder of their choice.

With 20% of the overall community dedicated to parklands, Ecco Ripley will boast 75 hectares of recreation space, and already has planted more than 2000 native trees and 93,000 ground cover plants.

The Ripley Valley region is forecast to become home to as many as 120,000 people in the next 20 years.

Upon completion, Ecco Ripley is planned to comprise 4,300 homes, housing approximately 10,000 residents.

Ripley Town Centre is expected to generate 20,000 local jobs while the Ripley Town parklands will be one of five Ipswich City Council regional park destinations.

The Quay Family’s Ripley Medical Precinct is one of the company’s largest medical precincts to date and will offer a wide range of medical services including general practitioners, specialists, pathology, radiology, optometry, dental care, podiatry and other allied health.

 

Originally Published: www.theurbandeveloper.com

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