Principal Lucy Cole said she believed the 2017 outlook for the Gold Coast property market was positive. Picture Mike BatterhamLUCY Cole Prestige Properties took a list of 15 properties to auction at the agency’s sixth annual alfresco auction on the weekend.Principal Lucy Cole said about 150 people including 40 registered bidders turned up to the event last Saturday where the team sold about $8 million worth of real estate.The agency sold six properties under the hammer including two above the $1 million mark.“There was a lot of spirited bidding on the day which was great to see,” Ms Cole said.“Two of the sales were above reserve which was also promising to see. We had another three that sold prior to auction and we have another four under negotiation now.” Auctioneer Scott Harman in action. Picture Mike BatterhamMore 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 agoMs Cole said there were a range of buyers including international, interstate and local.Among the sales was an apartment in The Waterford building at Main beach. The three-bedroom apartment, which has 360-degree views of the Coast, fetched $1.85 million under the hammer. The crowd wait for the hammer to fall. Picture Mike Batterham A crowd of about 150 took part in the auction event. Picture Mike Batterham Auctioneer Scott Harman engages with the crowd. Picture Mike BatterhamA four-bedroom waterfront house at 11 Riverbank Court, Ashmore, also sold for $1.4 million.Ms Cole said she believed the 2017 outlook for the Gold Coast property market was positive.“I think it’s looking very healthy — there’s a buzz in the air and it’s very exciting.“Buyers want to be involved in our marketplace.“They can see that we’re moving forward.”
Just your everyday outlook from this Chelmer homePrincipal of Adcock Prestige, Jason Adcock, said since the home’s listing just days ago, there’s been a mountain of interest.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“It’s probably the most significant riverfront property to hit the market in Chelmer in the last seven years,” he said.The Knowlman McDonald home has two levels of living with five bedrooms, five bathrooms, media room, study, library, gym and wine cellar.Finishes include polished timber floors and marble kitchen benchtops. The kitchen is a stunner at 127 Laurel Ave ChelmerIf you’re a motor enthusiast, then secure garaging for four vehicles ensures all your collectables need never cop a hailstone at home.Fancy a spot of tennis and dip? Both are on hand here for you to enjoy before you relax under the patio and watch the rest of Brisbane sail by in envy.“You’re just drawn to the outside with that massive lawn tennis court that meanders from one part of the lawn and down to the jetty,” Mr Adcock said.“Actually every part of the block is usable from front to back which is very unusual for a riverfront block.”This is seriously desirable real estate which Mr Adcock said will suit a family buyer.The property is listed as available for sale by negotiation. 127 Laurel Ave Chelmer offers plenty for family buyers looking for a riverfront home.Give me land, lots of land … and a prestige house too. Oh, and pop it next to the river in one of Brisbane’s most beautiful suburbs while you’re at it. 127 Laurel Ave, Chelmer hit the market this week and will have deep-pocketed buyers fishing around for extra change.The land is a massive 3122sq m site — that’s three quarters of an acre in old-world speak — with 40 metres of direct frontage to the Brisbane River and a timber jetty from which to launch your runabout.
Queensland is tracking quite well on the affordability front. Picture: Brendan Radke.HOME loan affordability has increased across Queensland while the Brisbane property market has cooled to more sustainable growth, according to the PRDnationwide’s Australian Economic and Property Report 2017 released today.The report showed Brisbane’s median house price grew an average of 1.5 per cent in the first half of 2017 but growth had slowed from an increase of 7.1 per cent in the year to May 2016, to 4 per cent in the following 12 months.PRDnationwide national research manager Dr Diaswati Mardiasmo said it signalled a return to usual, more sustainable levels of strong growth that the Australian market was experiencing prior to the property boom.“Affordability is the key issue and (Queensland) is tracking quite well in that sense,” Dr Mardiasmo said.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours ago“People can still access quite a lot of suburbs under $500,000, which is not the case in Sydney and Melbourne.”She said “the Brisbane rate of income growth was disproportionate to (residential property) price growth”.“Over the past 10 to 15 years growth had tracked around 5 per cent, which was in line with our wage and income growth. So the fact that we’re still growing at 4 per cent is great because we’re still seeing that capital growth but it’s more sustainable.”Across the state, the Queensland regional markets recorded growth of 4 per cent in the first half of 2017, the highest increase of the three main states (NSW, VIC and QLD) and third highest nationally.The PRDnationwide report also found Brisbane rental vacancy rates held steady at 3 per cent and median rents had increased by 1.3 per cent.Dr Mardiasmo said the vacancy rates were the right side of healthy and the rental change was much more affordable compared to other capital cities, so it was good news for investors and tenants alike.Home loan affordability in Queensland increased by 3.6 per cent annually to March 2017, the report found. Nationally the proportion of family income needed to meet home loan repayments decreased from 31.7 per cent to 30.4 per cent and the proportion to meet rent payments decreased from 25.1 per cent to 24.6 per cent in the same time.
This home at 89 Pring St, Hendra, is for sale. Picture: realestate.com.au.Mr Cavill’s lowset home is in a quiet, private neighbourhood on a large, 604 sqm block with landscaped gardens.The property is walking distance to Aviation High and Our Lady Help of Christians School and a short drive to other esteemed private schools. Greg and Jenny Cavill outside the Breakfast Creek Hotel.THE Brisbane home of former Breakfast Creek Hotel publican and sailing stalwart, the late Greg Cavill, is on the market.The member of one of Queensland’s leading hotel families, the Cavill family, recently passed away and his daughter, Jenny, is handling the sale of his Hendra home.The four-bedroom, two-bathroom house at 89 Pring Street — arguably Hendra’s finest street — is advertised for sale by offers through Leigh Kortlang and Jon Finney of Ray White AscotRecords show it was last bought for $540,000 in September 2001. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoThe back courtyard at the home at 89 Pring St, Hendra. Picture: realestate.com.au.The Cavill family took up the lease on Brisbane’s famous waterhole in 1926 and held it for 72 years. But while he was well known for his days at the helm of the Breakfast Creek Hotel, Mr Cavill was also the oldest surviving Commodore of Royal Queensland Yacht Squadron. MORE HOMES FOR SALE IN BRISBANE GIDDY UP FOR AUCTION LUXURY IN THE BUSH Veteran yachtsmen (L-R) Greg Cavill, Bill Warlow, Dennis Burchill, Bill Pryke and Colonel Johnson. Picture: David Kapernick.He was also the official starter for the 66th QantasLink Brisbane to Gladstone Yacht Race in 2014.He contested the race from 1950-1998 on five different yachts and was among the winning crew aboard the Norman Wright skippered Flying Saucer, which took line honours in 1955 in a race record of 41 hours 19 minutes and 4 seconds. This home at 89 Pring St, Hendra, is for sale. Picture: realestate.com.au. Inside the home at 89 Pring St, Hendra. Picture: realestate.com.au.