News Articles


Brisbane property record smashed: mansion sells for $18.48m - March 2017


An exclusive clifftop mansion at Kangaroo Point has smashed the Brisbane residential property record, selling after only five weeks for a whopping $18.48 million. The sale of 1 Leopard Street, Kangaroo Point, eclipses the previously held Brisbane record of $14 million, when Australia’s richest person Gina Rinehart bought a home in Aaron Avenue, Hawthorne, in late 2014. It’s a staggering result for marketing agent Matt Lancashire, principal of Ray White New Farm, who billed it as “Brisbane’s most exclusive home” when he put it to market last year in October. Perched on the precipice of Kangaroo Point cliffs, the views from 1 Leopard Street are arguably the most spectacular in all of Brisbane. There was never a set asking price for the five-bedroom residence, which features an internal lift, gym, steam room and climate-controlled wine cellar.  With 71.7 metres of uninterrupted direct city and river view frontage, ...

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Pick of the bunch: where to buy and sell in Brisbane for 2017 - February 2017


House prices were projected to grow across Brisbane in 2017 but several areas will outperform the rest.  Domain Group chief economist Andrew Wilson picked the following nine suburbs where buyers could expect strong returns on investment and vendors could expect strong interest in their properties.  The suburbs were picked because of strong growth over the past few years, high sales, and high demand.  Prestige suburbs: Hawthorne, Highgate Hill, Kelvin Grove. Dr Wilson said of the three, Hawthorne was his top pick for Brisbane’s high end market. “It’s almost a no brainer,” he said. “The name itself helps keep it in the prestige property market.” Buyers pick the blue-chip suburb for the proximity to the Brisbane River, CBD, schools, and entertainment precincts, Dr Wilson said. Premium suburbs: Sinnamon Park, Toowong, Burpengary East. Toowong would be the best performing suburb in the premium pr...

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Brisbane house prices rise 4.5 per cent - February 2017


Brisbane’s property market has managed to defy the odds and stay strong for buyers and sellers despite poor economic conditions last year.   The median house price is now $540,758, a jump of 4.5 per cent from $511,361 12 months ago.  A weak mid-year period caused some anxiety in the sector, but house prices in Brisbane had a strong last quarter of the year, according to the latest figures from Domain Group’s rental and house price report.  Domain Group chief economist Andrew Wilson said low migration, high unemployment, and low job security created the air of uncertainty. “Another very solid result and when we look at the regions, all regions recorded growth over the year,” he said. Suncorp senior analyst Darryl Conroy echoed Dr Wilson’s optimism. “From what I’ve seen, activity is picking up,” he said. “Some of those warnings of doom and gloom in property are starting to look a bit unfounded right ...

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House price disparity between Sydney and Brisbane set to spur northern migration - January 2017


House price disparity between Sydney and Brisbane set to spur northern migration Property in Brisbane is now officially half the price of Sydney. This week’s Domain Group rental and house price report for the December quarter listed Sydney’s median house price as $1.1 million, while Brisbane’s is still only a touch above $540,000. Real Estate Institute of Queensland chairman Rob Honeycombe said the economic performance of New South Wales over Queensland in recent years was partly responsible for the huge price differential.  “It was inevitable that we’d see a widening gap in median house prices and the latest stats shouldn’t come as any surprise,” he said. “There’s a pretty consistent pattern in interstate migration following house price growth in Sydney particularly. People regularly move to chase work and employment opportunities, but lifestyle is also a huge factor.” Honeycombe said Queensland had long been the happy...

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Queensland's next millionaire's row - January 2017


A VIRTUALLY untouched seaside suburb on Bribie Island in Moreton Bay is showing all of the hallmark signs of becoming home to the next millionaire’s row in Queensland. Woorim has outstripped the premier seaside location of Noosa Heads, on the Sunshine Coast, on house price growth according to the latest research to September. Resolution Research market analyst Diana Howes said Woorim was in its infancy but looked poised to experience price growth at the top end of the market, with its recent performance significantly outshining the premier ocean front market of Noosa Heads on the Sunshine Coast. “Over the past year median price growth in Woorim has eclipsed that recorded within Noosa, 10.5 per cent versus 5.3 per cent, a fundamental which has been duplicated over the past five years with 2.9 per cent versus 1.1 per cent,” Ms Howes said. While the million dollar plus market in Woorim remains in its infancy, with only four properties sold in this top end bracket i...

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Brisbane property values have clawed back since GFC - January 2017


PROPERTY values took a tumble throughout the Global Financial Crisis, but new figures reveal just how far they’ve come since then. Brisbane dwelling values have gone up by 14.8 per cent since the end of the GFC to now hit $486,000. The city has performed better in terms of price growth since January 2009, than Perth, 8 per cent and Hobart, 7.9 per cent. The increase of values for combined capital cities was a very large 61.7 per cent, which was driven mostly by massive growth in Sydney, where values almost doubled – up by 97.5 per cent and Melbourne 83.5 per cent. While price growth may appear modest for Brisbane compared to other capital cities, CoreLogic figures reveal its rental yields were among its strongest making it an attractive city for property investment. For houses the rental yield was 4.1 per cent, second only to Hobart and Darwin, while for units it was 5.2 per cent, behind only Hobart. CoreLogic research director Tim Lawless said nationally rental yield...

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