Brisbane auctions draw mixed results

first_imgThe renovation at 21 Juster St, Annerley was beautiful.The home sits on a 607 square metre block and it’s leafy surround make it perfect for a family buyer.Marketing agent with Place Coorparoo, Jamal Naouri, said the suburb is drawing plenty of interest.“Annerley is a hub for busy working young families and we’re finding demand is high with many moving to the local area,” he said.“They’re wanting homes that are fully renovated as they don’t have time to do it themselves.”A crowd of 50 onlookers watched three bidders take the price from a $720,000 kick-off to eventually reach $1.05 million where it was declared, “Sold!”The buyer, Logan Drain, said couldn’t have been happier with the result. The Nundah site was bought by developers.IT WAS a cool and overcast Saturday in Brisbane but that didn’t stop auction spotters from rocking up to events.The morning kicked off at 43 Marvin St, Holland Park where a modest but well positioned three-bedroom, one-bathroom cottage on 749 square metres of land was on offer. 39 Sunny Ave, Wavell Heights had the agent and auctioneer running a marathon to secure a sale — but it was worth it in the end.The striking three-level, six-bedroom, four-bathroom home has a cracking southerly aspect taking in the lights of the CBD and views through to the Bunya Mountains.An opening bid of $1.3 million received no counter.This saw a flurry of activity as marketing agent from Southerby’s International Realty Ascot, Joseph Lordi, ran a marathon between the buyers and seller.Most of the 85-strong crowd waited around to see the offer raised to $1.61 million, and the property was declared “on the market.”With no other bids forthcoming, the buyers could celebrate their new digs.Nearby, developers were keen on the prospects for 79 Bage St, Nundah.More from newsMould, age, not enough to stop 17 bidders fighting for this home6 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours agoThe developer buyer of 79 Bage St, Nundah, is taking some time to consider his options.There were 23 registered bidders battling it out for the 1630 square metre site and its two-bedroom colonial home.The holding is a grouping of four separate titles and it’s flexible potential created hot competition according to marketing agent at Ray White Ascot, Damon Warat.“They are not making any more land and if you could find a bigger block of land with city views this close to the CBD then you should buy it,” he said.Come the fall of the hammer the property achieved $2.55 million — selling to a local developer who will land bank the holding while planning a project.A classic circa 1920s character home at 21 Juster St, Annerley that’s undergone an extensive renovation has seen the seller’s hard work pay off with a big auction result. 43 Marvin St, Holland Park West failed to sell but there’s still plenty of post-auction interest according to the agent.Selling agent with Place Bulimba, Shane Hicks, said interest had been good for the home which has a backstory.“The house itself was moved here in 1929,” he said.“It was moved from Kangaroo Point to make way for the story bridge, so it’s got a bit of a history to it.”Holland Park West is one of those go ahead suburbs — well established, wide leafy streets and plenty of character to appeal to a broad buyer demographic, said Mr Hicks.“We’ve had first homebuyers … we’ve had investor looking at it for the long-term growth of the land and we’ve has some developers who’d like to knock the house down — the house hasn’t always lived here … so you can actually take it down and end up with a magnificent block of land.”Unfortunately among the solid turnout of around 40 onlookers, there were no registered bidders and the event was over soon after it began.Mr Hicks said despite the outcome, there were buyers keen to put the property under conditional contract and he expects a sale will soon be finalised.One of the day’s property jewels was the event held at 39 Sunny Ave, Wavell Heights. Logan Drain and his family are “stoked” to be the new owners of 21 Juster St, Annerley. Photo supplied.“It’s the right size for us and we’re stoked,” Mr Drain said.“They’ve done a great job on the renovation.” 64 Robe St, Grange made its mark today too with auctioneer Haesley Cush very pleased to achieve a $935,000 result for the two-bedroom renovator on 617 square metres.“It was a cracking auction with agent Kim Ridings at Ray White Alderley registering four registered bidders in front of a big crowd,” Mr Cush said.“The opening bid came in light and low at $600,000 but the property was called on the market at $901,000 and sold for $935,000.”Mr Cush wasn’t resting on his laurels though. Two hours later he fronted up at 120 Harcourt St, New Farm where he secured $1.175 million for the modest but superbly located five-bedroom home on 498 square metres.last_img read more

A pair of prime Tugun infill sites are up for grabs

first_img5 Boyd St, Tugun.A CALL to developers has been made after two infill sites in Tugun hit the market. Global property developer Pacific International has changed its plans to build 38 luxury beach houses in Tugun, giving other developers the chance to develop the land. One of the sites, located at Admiral Cres, includes a 14,840sq m parcel surrounded by established homes and townhouses.According to Pacific International, the site has an approved development application for 38 beach houses. More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoThe second site at 5 Boyd St is a 2.616ha parcel with planning approval for a 560sq m home. Pacific International has engaged Ray White Commercial Gold Coast South’s Brad Duncalfe and commercial divestment specialist Corpacquire to market the two properties. “Lot 906 at Admiral Cres is an excellent site for a busy townhouse development or aged care facility, given its proximity to John Flynn hospital,” Mr Duncalfe said. “It’s the last large site available in the immediate area and is enhanced by incredible ocean views, easy access to the M1 and proximity to the beach and local amenities.” He said Lot 5 at Boyd St offered a private residence.“As one of only two properties on that side of the highway, it presents the ultimate exclusive home site with some of the Gold Coast’s best views and a private driveway.”last_img read more

Family home in Manly a versatile entertainer

first_imgThe upstairs living area opens to the back balcony“We did have two teenagers living at home and the downstairs lounge area enabled them to have their own living area and we had our own living area upstairs,” he said. And being walking distance to Manly Village, the train station and the ocean was also handy for the teens. But now that Mr and Mrs Laurendet’s children have left home, it’s time for the couple to downsize. Mr Laurendet said he would miss the friendly neighbours and community. The property is being marketed by Sandra Greaves from Belle Property Manly for offers over $845,000. The home at 137 Mountjoy Tce, ManlyTHIS fully-renovated home is a short stroll from Manly Village and the Esplanade. Sandra and Mark Laurendet bought the home at 137 Mountjoy Tce in 2003 and gave it a complete makeover. “We basically stripped the inside, reconfigured it and refitted it out,” Mr Laurendet said. “The balcony is no longer enclosed and it has the views of the water.”On the ground floor there are two bedrooms, with a built-in robe in one, a study, family bathroom with tub and shower, and a laundry. The big family room flows out to the back patio and fenced back yard. The downstairs living area would make for a good teenagers’ retreatThe master bedroom with walk-in robe and ensuite is upstairs, separate from the other bedrooms. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Also on this level, there is a dining room, lounge area, kitchen and powder room.The kitchen has a crisp white colour scheme, stainless steel oven with a gas cooktop and rangehood, and plenty of bench and cupboard space. The upstairs lounge area also has sliding doors that open to the balcony with ocean views. Mr Laurendet said the multiple living and outdoor areas made the home perfect for entertaining.And the separate parents’ and teenagers’ retreats made for functional family living. last_img read more

Renovation surge sees fixer-upper snatched up at very first open

first_imgEntry level fixer-uppers are all the rage in Brisbane right now. Picture: Realestate.com.au“What can I say ‘it’s all original’,” was how Mr Hooker described the property. “Renovate or detonate, it’s your choice.”It was not the prettiest property out there but the potential could not be denied when six groups rushed through the home on Saturday with the agency continuing to field calls for it.The fervour comes as renovators and first home buyers search for entry level properties with good potential for strong capital gains.According to Realestate.com.au, the median price of houses in Everton Park has jumped 29.7 per cent in the last five years, with days on market at just 19 days. 5 Baden Powell Street, Everton Park, Qld 4053. Picture: Realestate.com.auA FIBRO fixer-upper listed for less than its land value 10km from the Brisbane CBD was snatched up at its very first inspection over the weekend.CoreLogic figures showed the three bedroom, single bathroom, single garage house at 5 Baden Powell Street in Everton Park was listed at $450,000, which was less than the $495,000 that the June 30 land valuation came in at.The lowset home on a 675sq m block was listed by agent John Hooker of LJ Hooker Everton Park as being a “very original post war dwelling with good hardwood frame”.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019The house has double street frontage. Picture: Realestate.com.aulast_img read more

A Doctor Who-inspired toilet makes all your TARDIS dreams come true

first_imgA large undercover entertaining area greets you as walk through the carport of the home.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by The Tardis toilet is undoubtably a key feature of the home and was built by the vendor last year.ATTENTION Whovians. If you’ve been looking for an other-dimensional toilet experience then this custom-built “Turdis” may just be what’s been missing from your life.Vendor Craig Heeks built the life-size TARDIS in his garage-turned-rumpus room late last year after looking for new ways to expand on his love for the British sci-fi television show.Fully tiled, the fictional time machine and spacecraft hides a toilet, single vanity unit and mirror inside its iconic phone booth style exterior. The ultimate mancave.It’s become a key selling point of Mr Heeks’ home at 3 Blackwood Cres, Morphett Vale which is on the market with a price guide $399,000 to $429,000. “We’ve lived here since 2003 but the TARDIS is fairly new. I only built it last year for no other reason than it seemed like a good idea,” he said.“Doctor Who is my obsession and, in a way, my relaxation from work.“I’ve been collecting and selling for a long time, not just Doctor Who but Star Wars and Planet of The Apes, and this space just kind of became my escape.” OUTSIDE: The home, at 3 Blackwood Cres, Morphett Vale, also comes with an inground swimming pool.Mr Heeks said his Doctor Who obsession started as a young child.“I grew up in the UK and we used to see the film crew move around all the time,” he said.“That’s what sparked my interest and I’ve been a mad fan ever since.”Despite having enjoyed many blissful moments in the TARDIS, Mr Heeks said it was unlikely he would built another one. FANTATIC CREATES DR WHO UNIVERSE IN WEST RYDE Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenDr Who fanatic creates shop00:51 “If I could take it to the new house, I would, but unfortunately that’s not possible,” he said.“I’ve been asked to build a second one for a friend, but I won’t do that. I want it to be unique; a one-of-a-kind.”Launched to the market barely a week ago, the property has been viewed close to 2000 times on realestate.com.au and also attracted 16 groups through the first open on the weekend.Listing agent Pete Fallon of Magain Real Estate said he hoped the unique feature would help sell the property for a premium price and well above the suburb’s median house price of $310,000. INSIDE: One of the main living spaces at 3 Blackwood Cres, Morphett Vale“It’s definitely one of the more unique properties I’ve sold and so far, it’s been going absolutely viral online and on my own facebook page,” Mr Fallon said.“Most of the buyers coming through have been Doctor Who fans and we even had the son of the original owner come through on the weekend. He’d love to buy it back but says he’d have to convince the wife first.”The property will be open this Sunday from 11am to 11.30am.last_img read more

Amtrak could go bankrupt next year

first_imgA WORKING GROUP of 13 set up by Bud Shuster, Chairman of the House of Representatives Transportation & Infrastructure Committee, reported on June 23 that ’Amtrak is now awash in red ink, buffeted by conflicting missions and ballooning debt, and virtually starved of capital in both political and financial terms.’ If nothing changes – and the chances are something will – the corporation which has run US inter-city passenger trains since 1971 could be bankrupt within 12 months. Kirk Rostron, Manager of Corporate Communications, points out that Amtrak has been receiving less government funding for investment than the railways of Bolivia. It must therefore borrow from banks to buy rolling stock, and last year’s order for high speed Northeast Corridor trains will quickly inflate this debt from $1bn to $2bn. On top of this, with its operating subsidy slashed by 50% in the last two years, Amtrak has had to take out ever-larger short term loans at the end of each fiscal year until the next batch of even smaller federal grant cheques starts coming through. The result is that interest and loan repayments are set to exceed the 1998 subsidy, leaving nothing to support operations. While Amtrak was committed to operating without subsidy from 2002, and already covers 80% of costs from revenue, this can only happen if $750m a year of capital funding is available – a 0·5cent/gallon tax on petrol has been proposed.The Working Group suggests splitting Amtrak into two. ’Amrail’ would own or procure from freight railways the infrastructure required by passenger trains, and be responsible for investment to achieve improvements. The other company would operate trains without subsidy from 2002, and would be open to competition from new entrants in bidding for the right to provide service – Virgin Group is among those keeping a watching brief. But as Amrail would require the same $750m a year as Amtrak, it is hard to see what is to be gained by inserting a third party between train operator and infrastructure manager on most of the network. Other key issues are the need to eliminate legal impediments which prevent market-based decisions by Amtrak, and new arrangements for access to freight tracks which address liability issues such as those preventing New York State from expanding Empire Corridor services to Buffalo.Two members of the group dissented from the report, accusing the other 11 of ’unwarranted pessimism about Amtrak’s prospects.’ Jim Florio, former governor of New Jersey, and academic Carl Van Horn claimed the plan was based on British privatisation which ’thus far has cost nearly $1bn a year more in public funding.’ They said the structure put forward would not remove inter-city passenger trains from the annual battle for infrastructure funds. olast_img read more