Developers dish out thousands of dollars in gifts to secure the deal

first_imgSavvy house and land buyers are saving thousands with incentive gifts being offered by big developers.SAVVY house and land buyers are saving thousands of dollars on their homes, taking advantage of dollar incentives that big developers are throwing their way.Big name developers such as AVID Property Group, Stockland and builders like Clarendon Homes are tapping into the market offering thousands of dollars in extra incentives for those willing to seal the deal.From gift cards, to monthly giveaways or furniture packages, AVID Property Group general manager Bruce Harper said savvy buyers were taking advantage of the deals and coming out on top.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“We understand breaking into the housing market can be challenging and the difference these types of incentives make to buyers looking for affordable homes that still meet their needs,” Mr Harper said.AVID Property Group is offering buyers at their Brentwood Forest estate in Bellbird Park a $5,000 Visa gift card when purchasing blocks of land or freehold house and land packages from its Temp Living range, while Stockland is giving away a $10,000 Visa gift card to buyers who purchase a SoLa townhome in their North Lakes development.Mr Harper said the developer had chosen to give away gift cards because it allowed buyers to spend the money how they chose.“Combined with the fact Ipswich is a booming region, incentives like this provide an additional leg up for buyers wanting to break into the market,” he said.Clarendon Homes are using a different technique running with a 21 Summers officer, with heavily discounted airconditioning, floors, exterior packs and upgrades for just $21 saving buyers thousands of dollars in extras.Combine the developers incentives with the first homebuyer grant of $20,000 and those new to the housing market can be laughing all the way to their new front door.last_img read more

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Sydneysiders being advised by their agents to invest their money in the Gold Coast

first_img1153/1 Lennie Ave, Main BeachMcGrath Surfers Paradise agent Craig Caughlan said the price differential was encouraging large numbers of Sydney and Melbourne investors to buy on the Coast, with four out of ten sales on the Gold Coast from interstate buyers. “About 80 per cent of interstate investors are buying units while homes are usually more popular for interstate buyers coming to settle down here,” Mr Caughlan said.“Sydney is getting to a point where buyers are having to go further and further out to the western suburbs.“Prices range from $1.5 million to $10 million anywhere close to the city but on the Gold Coast their cheapest is our most expensive and they find better value for their money here.” More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North7 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago15/64 Penkivil Street, Bondi.But on the Gold Coast buyers can nab a beachfront unit off the plan at Palm Beach’s latest development, The Jefferson, for a mere $525,000. Real Estate — 1153/1 Lennie Ave, Main BeachA REMARKABLE three for the price of one deal has Sydney buyers piling into the Gold Coast real estate market.Southern agents are advising investors their money is better spent on the Coast, where the average price for a unit in Surfers Paradise is $370,000 compared $1.041 million at Bondi — almost three times the price. The courtyard of a two bedroom Sydney unit.Mr Caughlan said while Broadbeach and Surfers Paradise were the main targets for interstate investors, Hollywell, Labrador and Main Beach were becoming hot spots.“The vacancy rates are about two per cent, tenants want to rent closer to the water and transport so these units are always popular,” he said. “The biggest driver for interstate buyers is the return they make.” 60 The Jefferson at Palm Beach is located on the beachfrontProminent Sydney agent John McGrath, of McGrath Real Estate, who is on the Gold Cost to host the 20th annual Australasian Real Estate Conference, is among those advising clients to look north.“I am still sending them north, I think this is still the place to be,’’ Mr McGrath said.“I think the value for money is compelling — you can still buy properties here in some instances for a third or a quarter of the equivalent in Sydney.“In Sydney now we are selling for $800,000 or $900,000 one-bedroom units and I look at that and I think well, you can buy one for a third of the price of that on the Gold Coast in an equally beautiful location, or you could buy a house on a canal for a similar money.’’A glimpse at properties on the market at realestate.com.au proves Mr McGrath’s point.In the middle of Sydney a luxury apartment at 18/155 Macquarie St comes with an eye-watering price tag of $4.7 million to $4.8 million. The 214 sqm apartment comes with three bedrooms adorned with crystal louvres. Further north, a two-bedroom, one-bathroom unit at 7/134-138 Ocean St, Narrabeen is on offer for $1.1 million to $1.2 million. 3277 Surfers Paradise blvd, Surfers Paradise.For the same price as a small unit in Sydney, buyers can live in luxury on the Coast in a stunning unit at 1153/1 Lennie Ave, Main Beach on the market for $1.225 million. 60 The Jefferson, Palm Beach.In the heart of Surfers Paradise, a two-bedroom, two-bathroom unit at 3277 Surfers Paradise Blvd is also on the market for $489,000. 7/134-138 Ocean Street, Narrabeen.Head down to Bondi and a dozen blocks from the beach is a stylish unit at 15/64 Penkivil St with “ocean glimpses” will set you back $1.475 million. A Bondi apartment will set you back millions.Harcourts Coastal agent Tolemy Stevens said, in the past 12 months, almost 80 per cent of luxury property sales along the beachfront have been sold to Sydney or Melbourne buyers.“These buyers tend to be very astute and already own a substantial home or multiple investments within their own state and now believe it’s time to look outside of their booming markets for better value and the next best option is the Gold Coast,” Mr Stevens said. “With the Commonwealth Games on the horizon and plenty of cranes in the sky, these buyers are aware that the Coast market is really hot.“They have a focus on absolute beachfront locations from Main Beach to Coolangatta as a safe bet over the next three to five years.”Mr Stevens said the appetite for luxury beachfront properties is currently at an highest and that demand is currently outweighing the supply.last_img read more

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First home buyers flock to Bluewattle

first_imgPicture: Megan MacKinnonThe Vercueil family, Stefan, Natacha, Lee-Cha, 18, Kariena, 14, and Martin, 15, recently built their first Aussie home at Bluewattle after moving to Townsville from South Africa.STRONG buyer demand among first home buyers and young families will see the creation of a further 30 new lots at Bluewattle Estate later this year.Australian Defence Force families made up 15 per cent of new builds in Bluewattle in the past 12 months, with many buyers being drawn from other facilities in the Douglas Employment Precinct, including the Townsville Hospital, James Cook University and CSIRO.Bluewattle sales and marketing manager Andrew Forster of Knight Frank said he expected to see first home buyers and young families continue to be attracted to Bluewattle with the $20,000 First Home Buyers Grant extended to the end of the year.More 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“Bluewattle has a lot to offer young families with respect to its wonderful parks, proximity to schools and major workplaces, and the continued focus on community events such as our recent May Fair at Bluewattle and upcoming Halloween and Christmas events,” Mr Forster said.“Bluewattle is gaining a well-deserved reputation for being a family-oriented community and residents at Bluewattle couldn’t be more pleased to have Defence families as neighbours they can trust and appreciate.“We currently have only a handful of lots available, all of which have generous incentives as part of our Block Buster land clearance promotion. We’re looking to sell these lots, as we make way for another 30 lots to be released later this year.“This new land release will represent an exciting new stage at Bluewattle, which will see improved connectivity with existing services in the Upper Ross including new walkways allowing access to Good Shepherd and Rasmussen schools, the Upper Ross PCYC and the Upper Ross Community Centre, without having to venture near the traffic along Riverway Drive.“Townsville City Council’s duplication of Riverway Drive will also have a direct benefit for our residents when complete.”For more information about Bluewattle, visit bluewattle.com.aulast_img read more

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Massive surge in first home buyers as investor numbers fall: ABS

first_imgThe surge in owner occupiers has more than made up for the fall in investors, ABS has found. Picture: AAP Image/Dave HuntNEW data shows first home buyers have sprung into the market as new lending rules force large numbers of cashed up investors out – but there’s fresh competition waiting in the wings. Latest Australian Bureau of Statistics housing finance data showed investor lending fell 4.7 per cent over the last quarter seasonally adjusted, after posting a 1.4 per cent drop in May when owner occupiers rose 2.9 per cent.May saw 54,061 loans approved, a rise of 1 per cent from the previous month. The days of battling it out with cashed up investors and superannuation investment vehicles have been numbered since banking finance regulator APRA began a crackdown on high levels of investor exposure in lending portfolios.Real Estate Institute of Australia president Malcolm Gunning said in trend terms Queensland saw the largest decrease in investment housing commitments of 0.9 per cent with the only rise coming out of the ACT of 0.5 per cent.First home buyers reached their highest level since July 2015 as a proportion of total owner-occupied commitments, he said, rising to 14 per cent.“The number of first homebuyer commitments increased by 28.9 per cent for the month and is the highest since October 2014,” he said.“The May figures show that the market is adjusting with owner occupiers and first home buyers returning to the market as investor activity decreases and is worth noting that this is before the recent concessions introduced for first homebuyers.”Mr Gunning said the May figures were the first to show the impact of the lending crackdown on property investors.But there’s a twist in the tale for first home buyers with the investor vacuum being rapidly filled by a flood of other owner occupiers hitting the market, according to RateCity.com.au money editor Sally Tindall.“The surge in owner-occupier lending has more than made up for the drop in investor lending, defying increasing speculation the housing market is waning,” she said.“The government regulator will be pleased with this surge as it shows that the ‘right’ type of people are taking out home loans.”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 agoOwner occupiers can expect to see even less investors competing for property with them as the full effects of two rounds of rate hikes interest-only loans and investment housing finance sink in.“Further drops in investor lending are extremely likely in the months to come,” Ms Tindall said.“It just goes to show there is no shortage of owner-occupiers waiting in the wings when investors get cold feet. Owner-occupiers with principal & interest loans are now paying an average of 80 basis points less than investors with interest-only loans, so it’s no wonder they are stepping up to the plate.” Average Variable Rates Based on the average mortgage size of $350,000 (ABS). Owner-occupier, principal & interest: 4.29 per centOwner occupier, interest only: 4.71 per centInvestor, principal & interest: 4.72 per centInvestor, interest-only: 5.09 per cent Source: RateCity.com.aulast_img read more

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Relax in outdoor spa or entertain in style

first_imgThe floorplan of 1 Lionheart Cres, Newport. The home at 1 Lionheart Cres, Newport.THIS executive home in the popular Newport Estate has a grand entrance, built-in bar, outdoor spa and plenty of space. Lorraine and Herbie Tucker built the home at 1 Lionheart Cres in 2009, the fourth they have built in the 31 years they have lived in Newport. “We entertain a lot so we built the home to be all about entertaining,” Mrs Tucker said. “The big kitchen is the central area and there is a massive dining area. There are also lots of different areas for everyone to have their own space — it’s a good home for families with teenagers or grown-up children.” The grand staircase at 1 Lionheart Cres, Newport.There is also a media room on this level along with a formal lounge room, family room, laundry and powder room. Upstairs, the master suite includes walk-in wardrobe, balcony and ensuite with dual basins, bath, shower and separate toilet. The remaining bedrooms have built-in robes and there is an ensuite to the second bedroom. The dining room at 1 Lionheart Cres, Newport.The family bathroom has a separate bath and shower and there is also an office area on this level. The Tuckers are selling to downsize but they plan to stay in the Newport area. “It’s so relaxing in Newport and on the Peninsula in general,” Mrs Tucker said.“We both work in the city but when you drive across the bridge (on to the Peninsula), it’s like a piece of heaven.” The property is being marketed by Kevin Bostock of Waterfront Properties for $995,000. The kitchen at 1 Lionheart Cres, Newport.The home is spread across two levels with the front door opening to a grand entrance with statement staircase and void.On the ground floor there is an open-plan living, dining and kitchen area with sliding doors that open to the patio. The kitchen has stone benchtops, butler’s pantry and stainless steel appliances and there is a built-in bar off the living area. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019last_img read more

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Former Endeavour Foundation prize home in popular enclave for sale

first_img5/157 Brookfield Rd, Kenmore Hills.A beautiful former prize home near the Old Friary at Kenmore Hills has hit the market – and you could easily live like a king or queen there.The property, at 5/157 Brookfield Rd, was once the prize home for the Endeavour Foundation. It is set over two levels of designer living. 5/157 Brookfield Rd, Kenmore Hills.Ray White Indooroopilly selling agent Michelle McLeod said there were different wings of the immense home which allowed occupants to spread out and enjoy.“You need to discover Friary Fields – with hectares of private parklands in a secure neighbourhood that is so welcoming with tree-lined streets and such peace and serenity,” she said. Inside 5/157 Brookfield Rd, Kenmore Hills.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019The Old Friary has been owned and run by the Anglican Church in Brisbane since 1932. While it is not a parish, it’s a special centre of the Anglican Church.The land was originally released in only eight units and homes were constructed surrounded by acres of private, exclusive parkland. One of the bedrooms at 5/157 Brookfield Rd, Kenmore Hills.Mr Wakefield said his family had many celebratory events in the home – birthday parties and engagement parties.“It is so hard to leave but the children have grown up, married and have begun growing their own families – and I have moved to the Sunshine Coast,” he said.center_img 5/157 Brookfield Rd, Kenmore Hills. The bathroom at 5/157 Brookfield Rd, Kenmore Hills.The owner, Rod Wakefield, said he fell in love with the house instantly but the time was right to let another family move in.“We knew the day we drove into this gated community that it was for us,” he said.“The community spirit is demonstrated in so many ways through a great love of this special environment with planting trees, Christmas parties and so on.“When we entered the home at Lot 5 for the first time, we were excited by the fabulous kitchen and the huge spaces, especially the bedrooms.”last_img read more

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Investors to lose thousands in legislative tax amendment that’s gone “too far”

first_imgA high-profile tax depreciation expert said amendments to tax law would result in property investors losing thousands of dollars.BMT Tax Depreciation CEO, Bradley Beer, claims small investors will lose thousands of dollars if an amendment introduced to federal Parliament this week becomes law.Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 goes too far in its attempts to address integrity issues, according to Mr Beer.“These changes are attacking ‘mum and dad’ investors — police, teachers, nurses — that are the bulk of residential property investors (and) who are trying to provide for themselves in retirement,” Mr Beer said.Mr Beer said the changes will cost an average investor $4,236 in tax deductions in the first year, which equates to an after-tax loss of $47 per week, or $2444 for the year.“You can’t just up your rent by $47 per week, or your property will be vacant,” he said.Mr Beer said the changes deny tax deductions for the decline in value of second-hand assets found within residential investment properties.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour ago“Anyone who has entered into a contract to purchase a property that’s second hand from budget night no longer gets to claim deductions on their plant and equipment (P & E) regardless of the age,” he said.Mr Beer said items such as stoves, hot water services, air conditioning and carpets would no longer be depreciable, even if they were less than 12-months old.“There’s 167 different potential items of P & E in a residential property and most investments have at least 10 to 20,” he said.Mr Beer said the amendment was supposed to take care of a legitimate issue around owners overvaluing their P & E assets when claiming deductions, but the new laws are an overreach.“What they have done goes much further than addressing this integrity issue by making a transaction between two parties extinguish the remaining effective life of a previously depreciable item,” Mr Beer said.“In my opinion, it goes well beyond the basis of what should happen,” he said.Follow Kieran Clair on Twitter at @kieranclair or Facebook on Kieran Clair — journolast_img read more

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Dreaming of a sleek penthouse? This one is as close to UQ as you can get along the river

first_imgCertainly enough room in the sleek kitchen.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 investorless than 1 hour agoSpanning the top two floors of a complex featuring a riverside pool and barbecue area, this penthouse residence was made for entertaining.It captures panoramic views across the Brisbane River, CBD and leafy neighbourhood surrounds, with no expense spared in its luxury north-facing design.Entry is via a private foyer that leads to an open-plan living and dining space. Sleek interiors and designer finishes define the lower-level hub of the residence, with the nearby kitchen including a marble island bench, Miele appliances, soft-close cabinetry and granite benchtops, along with a small balcony.From the living and dining space, bi-fold doors open to a covered riverside balcony. A glass-walled media room also extends outdoors.Adding a further touch of sophistication to the residence’s lower level is a large wine cellar and bar. This is how to get away from it all without leaving home. 14/100 Macquarie St, St Lucia.THIS double storey penthouse is about as close as you can get to the University of Queensland along the Brisbane river.The four bedroom, three bathroom, triple car garage penthouse at 14/100 Macquarie St, St Lucia, is being marketed by Simon Caulfield of Place Kangaroo Point at one of the suburbs “most significant residences”. Not a bad spot to have friends over. The Brisbane River in all her glory is spread out below.Taking over the left of the floor are three bedrooms. Two of these bedrooms have built-in wardrobes and are serviced by a bathroom, while one has a balcony.At the rear of the floor, the main bedroom is generously proportioned and includes integrated cabinetry, a walk-in wardrobe and an opulent ensuite with twin marble vanities, rich stone tiles and a stand-alone bath tub. It also has two balconies – one off the wardrobe and the other facing the river.Other features of the lower level include a study with balcony access, a laundry and powder room.Upstairs, the lift opens to an expansive semi-covered rooftop terrace ideal for entertaining with its outdoor kitchen including sinks, a fridge and barbecue and gas hotplate.Agent Simon Caulfield said there was potential for the rooftop terrace to be closed in, subject to Brisbane City Council approval.Additionally, the residence has two large storage rooms, three car spaces and a private marina berth.“Offering a remarkable lifestyle that only a few will be lucky enough to experience, the complex offers exclusive features such as a private and shaded river deck, riverside pool, spa and barbecue area, plus a fully equipped gym,” Mr Caulfield said.last_img read more

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A bird’s eye view from Birdwood

first_imgWhen you hit the wall, stop swimming.The home is listed for sale without a price guide.Follow Kieran Clair on Twitter at @kieranclair Thankfully, you can’t escape the view.There’s even a cantilever infinity edge pool which will make your dip a little more thrill seeking. 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 investorless than 1 hour agoThe home has a spectacular finishThe home offers a four-bedroom, two-level contemporary design nestled between the trees surrounding its 1300sq m sloping site. There are architectural features throughout.Features include Miele appliances, timber joinery, waterfall island bench and ducted airconditioning. This Toowong home offers a bird’s-eye view across the treetopsIF you’d like to get high above Brisbane and enjoy it’s surrounds, this ridge top western-suburbs home should be on your radar. 372 Birdwood Terrace, Toowong is all about the elevation, with a view that runs across the treetops through to the CBD skyline.last_img read more

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Buyers can have the chance to own a slice of Brisbane history

first_imgCheck out the bathroom at 23 Curlew Street, Toowong.Ms Bugler converted the ballroom into a bridal suite, but there are five other bedrooms as well as a granny flat.Many of the original features have been retained over the years.“I’ve done quite a bit of renovation to it, while the woman who owned it before me was from Boston, so the decor is very Bostonian,” Ms Bugler said. 23 Curlew Street, Toowong.Michelle Bugler has used the colonial residence to run a bed and breakfast accommodation business for the past decade.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019“The Toowong Historical Society said it was built by a Mr Wells, the first manager of the Bank of New South Wales in the city,” Ms Bugler said.“They believe it was built around 1886 and the ballroom was to receive Mr Wells’ guests.” Inside 23 Curlew Street, Toowong. 23 Curlew Street, Toowong.A stately colonial home at Toowong has hit the market for the first time in 12 years.The five-bedroom, five-bathroom home at 23 Curlew St has a rich past dating back to the 1800s when the area was home to elite upper-middle class residents who worked in the city. The kitchen at 23 Curlew Street, Toowong.Agent Dr Paul Howe, of Oxbridge@Realty, is selling the property, which is on a 753sq m hilltop block, via private appointment.last_img read more

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