New vacancy figures reveal where it’s gotten a little easier to find a rental property

first_imgThere are more properties available for rent in Brisbane now including this house at 13 Leura Ave, Hawthorne which is listed for $850. Picture: realestate.com.auNEW vacancy figures reveal where it has become a little easier and a little harder to find a rental property.According to data released by SQM Research, Brisbane vacancy rates have increased from 2.5 per cent in February 2016 to 3.3 per cent this year.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 agoThings have become a little tighter in Melbourne with its vacancy rate down to just 1.7 per cent — a ten year low.Sydney’s vacancy rate is also tight at 1.9 per cent, down from 2.5 per cent just three months ago.Nationally there were 78,029 rental homes available in February according to the data. bringing the national vacancy rate to 2.4 per cent.Perth recorded the highest vacancy rate of 4.8 per cent, followed by Darwin at 3.8 per cent.Adelaide’s rate was a respectable 2 per cent and Hobart’s the lowest at just 0.7 per cent.last_img read more

$420,000 windfall in 10 months for the owners of this riverfront home

first_img20 Scott St, Hawthorne, QLD. Picture: SuppliedA LUXURY riverfront home in inner Brisbane has landed a $420,000 windfall for its owners who had only just bought it 10 months ago. 20 Scott St, Hawthorne, QLD. Picture: SuppliedThe Scott Street home, which is on a large 812sq m waterfront block, was marketed by agent Trevor Egan of Ray White East Brisbane, as having high end features including a twin lap pool, poolside bar with Teppanyaki and BBQ, riverfront pontoon, wine fridge, video security, and sound proof home theatre complete with starburst ceiling and bar. 20 Scott St, Hawthorne, QLD. Picture: Supplied.Eight days later, on June 30 last year, the couple also settled on a $2.35m freestanding commercial building in inner city Newstead – which they put up for rent two weeks ago. 20 Scott St, Hawthorne, QLD. Picture: SuppliedThe Brisbane-based sellers, who have several other multi-million dollar properties in South East Queensland, had bought the riverfront home on April 26, 2016, for $5.18m, according to CoreLogic records, with a settlement date of June 22 last year.center_img 20 Scott St, Hawthorne, QLD. Picture: Supplied. 20 Scott St, Hawthorne, QLD. Picture: SuppliedThe four bedroom, four bathroom, twin car garage home at 20 Scott Street, Hawthorne, had been set for auction at 5.30pm on Saturday, has sold for $5.6 million – giving its owners an 8.1 per cent return on their investment.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 investor6 hours agoNeed to know more about property prices? Start your research here:Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:47Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:47 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenMonthly Core Index: March 201700:47last_img read more

Retired NRL star David Shillington grew up in is on the market

first_imgThe family home of former Gold Coast Titans player David Shillington is for sale. Picture: Regi VargheseTHE original family home that retired NRL star David Shillington grew up in is on the market.The former Gold Coast Titans forward retired from rugby league earlier this year due to chronic injuries.The 33-year-old has fond memories from his childhood at 48 Seventh Avenue, Kedron.He remembers having to share a bedroom with his three brothers when his parents first bought the original two bedroom Queenslander.When the boys grew older, his parents raised the house and built underneath.“It was a great spot to grow up with the park at the end of the street where we could kick the footy around,” Shillington said.Chinese buyer’s offer too good to refuseBeauty queen revealed and readyMore 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 agoMega price for modest homeRetired NRL player David Shillington’s family home in Kedron is for sale. Picture: Supplied by Ray WhiteGET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERERay White Wilston principal Alistair Macmillan said the highset 1920s house was in good condition and very liveable, but lent itself well to a full scale renovation.The property consists of two lots so would either suit a family looking for a big family home or a developer considering a subdivision.The property is scheduled for auction on July 20 at 6pm.Shillington played 215 NRL games for the Roosters, Canberra Raiders and Titans as well as 14 Tests, eight Origin games for Queensland, four matches for the Prime Minister’s XIII and two NRL All Stars appearances.last_img read more

Which southeast Queensland suburbs can low income earners afford to rent in?

first_imgRental stress is on the rise, according to new research. Picture: AAP/Mick TsikasFORGET mortgage stress, rental stress is now the biggest concern in Queensland, with nearly 13 per cent of households spending 30 per cent or more of their income on rent.Low income earners in the city are the hardest hit, with new data showing there is only one suburb in southeast Queensland where a single person earning the minimum wage could afford to rent a unit without going into rental stress.An analysis of median rent prices for units across Australia by realestate.com.au shows that most lower-income earners are experiencing rent stress, with prices far higher than the minimum wage.Rental stress is defined as when someone spends more than 30 per cent of their income on rent.This analysis compares the minimum wage with median rent prices from realestate.com.au/rent for the 12 months to May 31, 2017.Only four suburbs in all of greater Brisbane, Melbourne, Sydney, Canberra, Perth, Adelaide and Hobart had median rental prices for units that equalled less than 30 per cent of the minimum wage after tax.In Kooralbyn, 70km from Brisbane, the weekly median rental price for a unit is $180 a week, which means a low-income earner would spend 28.6 per cent of their income on rent.This unit in Kooralbyn is available for rent. Picture: realestate.com.auThe next most affordable place to rent in southeast Queensland for one person on the minimum wage is Laidley, 83km west of Brisbane, according to realestate.com.au, with the median weekly rent coming in at $215.Even then, 34 per cent of income is required to be paid to the landlord.Bayside babe blasts to $1m saleBeachside pad sells for top dollarWould you pay $1m for this?This unit at 3/387 Webster Rd, Stafford Heights, is available for rent. Picture: realestate.com.auIn the north Brisbane suburb of Stafford Heights, renters are paying $228 a week in rent on average, which means a low-income earner would spend 36 per cent of their income on rent.This unit at 36/5 Judith St, Flinders View, is available for rent for $240/week. Picture: realestate.com.auFlinders View in Ipswich and Park Ridge in Logan are the next most affordable, with low-income earner’s spending 38 per cent of their income on rent in these areas.Andrew Rechtman, executive general manager residential at realestate.com.au, said he expected Sydney and Melbourne to be largely unaffordable for low-income renters, but didn’t expect rental rates in other capital cities to be as prohibitive.“That’s what shocked us I think,” Mr Rechtman 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“Clearly, affordability is beyond reach for lots of people renting even in the outer suburbs of Brisbane.”This unit at 6/77 Pine Mountain Rd, North Ipswich, is available for rent. Picture: realestate.com.auDouble minimum wage households fare better, according to realestate.com.au, with dual minimum wage earners in Brisbane able to afford the weekly median rent price for a unit in 142 suburbs.“If you put two minimum wage earners together, you get more bang for your buck,” Mr Rechtman said.“It doesn’t hurt to live with someone to share expenses.”This month, the minimum wage in Australia rose to $18.29 an hour, which equates to $694.90 a week, but welfare groups say that increase won’t make up for the rent rises seen in most cities over the past five years.According to Anglicare, just 12 per cent of properties in Brisbane are affordable for a couple both on the minimum wage with two children under 10.That’s a low number compared to Adelaide, where 41 per cent of properties are affordable.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREThe 2016 Census found Queensland had seen a significant shift towards renting, with 34.2 per cent of us now paying a landlord, up from 33.2 per cent in 2011, and higher than the national average of nearly 31 per cent.The median weekly rent in Queensland has risen to $330 from $300 five years ago.As a result, more Queenslanders are under rental stress, with 12.8 per cent of households requiring 30 per cent or more of their income to pay the rent.That’s up from 11.9 per cent in 2011 and greater than the national average of 11.5 per cent.This apartment at 611/6 Land St, Toowong, is available for lease for $425/week. Picture: Space Property Agents.Space Property Agents executive leasing new business manager Jennifer Grainger agrees renting in Brisbane is expensive.“Rents are lower in Brisbane than in Sydney and Melbourne but our cost of living is still very high and wages aren’t as high so a lot of rental prices are still very high in Brisbane,” she said.Ms Grainger said tenants were increasingly looking around for a better deal, but she warned of the hidden costs that can be involved in moving.This apartment at 611/6 Land St, Toowong, is available for lease for $425/week. Picture: Space Property Agents.She said landlords were going to great lengths to attract and retain tenants, such as making improvements to their properties, getting professional photographs taken and offering incentives.Space Property Agents is currently advertising an apartment for rent in the Landmark building in Toowong for $425 a week, with the landlord offering one week rent-free and 30 days free internet.Follow Liz Tilley on Twitter @liztilley84Rental affordability in southeast Queensland on one minimum wage. Source: realestate.com.aulast_img read more

Rare real estate opportunity as slice of FNQ war history goes under the hammer

first_img0 Bowcock Rd, TolgaMYSTERY meets war history at this extraordinary Atherton Tablelands property.With panoramic views, the elevated 73.15ha Tolga block includes two heritage-listed igloo structures which were used as a radar station during World War II.An open-plan studio – complete with a kitchen, lounge, bathroom, bedroom area and large timber deck – features “stunning views to the north”.A cellar has been built underneath the studio, while the fully-fenced property also includes a dam and large water tank. “It’s very rare that such an opportunity becomes available for someone to buy a piece of land that has history and spectacular views like this one,” said Margaret Black, principal of Ray White Atherton.The land has ties to one of the Far North’s most mystifying missing persons cases. At the top of “Bones Knob”, the property belonged to Hildegard Elisabeth Falkenberg, who has not been seen since September 2010. More from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days agoThe property is being auctioned in OctoberHer disappearance has puzzled emergency services and the wider Tablelands community.The 1999 Suzuki belonging to the elderly woman, known as “Liah”, was found bogged on a nearby road and, despite exhaustive searching, she has never been found. More than seven years later, her property will be auctioned on-site on Saturday, October 14, at 11am.“The property is really an open canvas for its next owner,” Ms Black said. Hildegard Elisabeth Falkenberg went missing in 2010“There’s a nice flat area on which someone could build themselves a home; or they might want to do something to the current studio.“We’re already seeing considerable interest, and marketing has only just begun. This property is very unique.” According to CoreLogic, average house prices in Tolga have risen by 18.3 per cent over the past five years to $388,750. For an inspection or further details, contact Liz Brown of Ray White Rural Atherton on 0418 788 209 or 4091 711.last_img read more

Owners pick up investor slack

first_imgABS analysis shows owner occupiers are picking up investor slack when it comes to finance. Photo: Glenn Hunt/Getty ImagesHomeowner finance is on the rise according to the latest release from the Australian Bureau of Statistics (ABS).According to ABS Lending Finance analysis for July 2017, the total value of owner occupied housing commitments excluding alterations and additions rose 0.7 per cent in trend terms and 0.9 per cent seasonally adjusted.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 agoIn comparison, investors saw a one per cent drop in their trend number, and a 3.9 per cent fall on the seasonally adjusted result.In trend terms, the number of commitments for the construction of dwellings rose two per cent — the same results as for the number of commitments for the purchase of new dwellings.The number of commitments for the purchase of established dwellings rose just 0.3 per cent in trend term, but remained dominant at type, comprising 83 per cent of total commitments.CommSec chief economist, Craig James, said the ABS results show construction still has a way to run.“Budding owners of new homes remain active – loans to buy blocks of land hit $7.6 billion over the year to July, up 21 per cent on a year ago.“The home building boom has legs,” he said.last_img read more