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3/6 Wentworth Street, Point Piper, has a price guide of $6.5m-$7m for an October 10 auction.

Former QBE chief executive Pat Regan — who parted ways with the insurer a week ago after a complaint by a female employee — has listed his Point Piper harbourside apartment for sale.

The company advised the ASX last Wednesday that Regan had finished up the day before and received a payment of $310,000, in lieu of a reduced notice period, plus his statutory leave entitlements.

He also forfeited share rights worth more than $10 million with the shock exit following last month’s complaint and the board finding he had breached the insurer’s code of conduct.

Regan’s grand three-bedroom, three-bathroom apartment with two-car garage is in the exclusive Kilmory Estate at 3/6 Wentworth Street has a $6.5m-$7m price guide with Sotheby’s International managing director Michael Pallier.

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Former QBE boss Pat Regan at the insurer’s Sydney headquarters in 2018. Picture: Britta Campion

Beautiful harbour views.

Expansive indoor and outdoor entertainment areas.

It’s set to go to auction on October 10.

Property records show Regan and his partner, Georgina Koch, purchased the apartment for $5.7m in 2014.

It’s realestate.com.au ad describes it as “an extravagant private haven in Point Piper, set on the highest point of Australia’s most prestigious peninsular”.

It’s one of just seven bespoke apartments within the circa 1913 former mansion.

Along with being pet friendly, the apartment is described as offering both opulence and grandeur with a contemporary edge.

Relax and enjoy the view.

Lavish bathrooms.

There are never-to-be-built out views across Sydney Harbour, Double Bay and the city skyline from the top floor of the house-size apartment.

With 400sqm of internal living space, its designed to offer both indoor and outdoor entertaining on a grand scale.

Formal and informal living and dining areas open out to sunny and private travertine terraces and a loggia-style entertaining room with harbour views.

The modern open-plan kitchen features a butler’s pantry and Miele appliances.

Upstairs, accommodation comprises of three large bedrooms, all the with built-ins, capturing panoramic harbour views.

The post Former QBE Insurance CEO Pat Regan lists Point Piper apartment with $6.5m price guide appeared first on realestate.com.au.

The Beulah Park property at 23 Osborn Avenue sold at auction for almost $60,000 above reserve. Pic: realestate.com.au

Strong competition for a Beulah Park character home pushed its sale price almost $60,000 above reserve at auction.

The four-bedroom villa at 23 Osborn Avenue fetched $1.356 million under the hammer, which was $56,000 more than the sellers expected.

Selling agent Brandon Pilgrim, of Ray White Norwood, said the home’s extension and 969sqm block, which was much larger than most properties in the suburb, attracted househunters.

Throughout the 26-day campaign, Mr Pilgrim said 150 prospective buyers visited the home.

There were 13 registered bidders vying for the property. Pic: realestate.com.au

A young family bought the home. Pic: realestate.com.au

“The campaign was incredibly active and we ended up attracting 13 registered bidders on the day – it was that competition that drove such a good price,” he said.

“This was a sensational result for our vendor with the property selling $56,000 over the reserve following red-hot competition.”

Mr Pilgrim, who sold the property with Ryan Stapleton, said the top buyers in the running for the house were all under 40 years old and looking for a family-type home.

“I think there were one or two who may have been there for the land,” he said.

It was the first time buyers Paige and Tom Pham had attended an auction, but they had no problems fighting for the property they loved.

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Its extension and block size attracted prospective buyers. Pic: realestate.com.au

“COVID-19 was not an issue for us at all and we had a huge amount of confidence in the market,” Ms Pham said.

“We don’t believe the Adelaide market has slowed down at all – we sold fine last month – so we had no problem buying now at all.

“We have three young children and we love the neighbourhood, the good-sized block and the fact it’s close to the schools and amenities.

“We plan on staying here for the next 20-30 years.”

The home was just one of dozens of properties that sold at auction in the past week.

CoreLogic’s preliminary auction statistics show Adelaide recorded a 75.9 per cent clearance rate on 53 auctions in the week ending September 13.

At the same time last year, the clearance rate was 58.1 per cent on 68 auctions.

The post Beulah Park villa sells for almost $60,000 above reserve at auction appeared first on realestate.com.au.

Andrew and Rob Gray of Graya, with Frank Licastro of Frank Developments, have launched a new, multi-residential development, Maison, in New Farm.

They are three of the biggest names in Brisbane development, known for changing the landscape of the city’s inner suburbs with their cutting-edge take on the Queenslander home.

Now, friends and industry peers Rob and Andrew Gray of Graya, and Frank Licastro of Frank Developments are taking on a new challenge — launching their first multi-residential project.

French for ‘home’, Maison is set to be a landmark development in Brisbane for its nature-inspired design, featuring landscaped planting wraps that cascade along the curved façade.

A render of one of the residences in Maison, a new multi-residential development coming to 60 Moray St, New Farm. Image supplied.

With the ambition of becoming the city’s most exclusive address, the building will comprise only five, full-floor sky homes in the heart of New Farm — embracing the growing demand for low-maintenance apartments with house-like qualities.

The property moguls spent two years searching for the perfect site on which to bring their vision to life before finding 60 Moray Street.

“We have known each other for over a decade, since we started in the construction industry,” Mr Licastro said.

A render of Maison, coming to 60 Moray St, New Farm. Image: Frank Developments.

“We had been looking for the right site for well over two years and we found it on a beautifully square corner block in Moray Street, which allowed for three sides of light in our sky homes.”

Each of the five residences will have four bedrooms, direct lift access, an abundance of natural light, cross-ventilation and floor-to-ceiling glass framing sweeping views of Brisbane’s skyline, river and New Farm.

The development will have a private recreational deck for residences one to four, which will include a pool, barbecue and alfresco and lounge spaces.

The penthouse will have its own private rooftop with a pool, barbecue area and open space.

Construction is due to commence next month and is expected to be completed in the fourth quarter of 2021.

Graya and Frank Developments are behind a number of luxury home builds in Brisbane’s inner-city suburbs.

The trio teamed up to create the luxury home known as ‘Laurent’ in Paddington, which sold for $4 million last year.

It was only a matter of time before they brought their passion and pedigree for design innovation, craftmanship and quality to the multi-residential space.

Rob Gray said he hoped Maison’s location and design would make it a landmark building that people would recognise for years to come.

“There was no better place in Brisbane to have a luxury apartment than the New Farm river strip,” Mr Gray said.

“We were so happy when we found our site. The corner lot makes the floor plans extremely efficient and liveable, unlike many of the dark and compromised floor plans you see time and again.

“We feel many people are missing the market by not truely delivering what their end occupant wants in regards to design and lifestyle. We have long careers ahead of us but we know this will be a flagship project that we have put everything we have into.”

Designed by architect Joe Adsett to stand the test of time, the building will use natural and eco-friendly materials to ensure the vertical greenery will be irrigated by a rainwater harvesting system.

Mr Adsett said Maison would offer apartment living with the same spatial qualities and characteristics of a house, within walking distance of James Street, New Farm Park, Howard Smith Wharves and the CBD.

“Joe thinks like a luxury house designer, so his attention to detail is phenomenal in the apartment space and it will be sought-after by people looking for a house replacement,” Mr Gray said.

Ray White New Farm principal Matt Lancashire has been appointed as the project’s marketing agent and has already sold one of the apartments offmarket to a couple from Sydney.

“The inner-city apartment market has been crying out for a build of this high standard and quality,” Mr Lancashire said.

“This early offmarket sale shows you there’s a lot of pent-up demand.

“Maison is exactly what affluent downsizers and executives desire. They still want to live in the inner city, but without the maintenance of a big family home. These units are bigger than most houses but owners will be able to lock up and go easily.”

A render of one of the residences in Maison, a new multi-residential development coming to 60 Moray St, New Farm. Image supplied.

Originally from Brisbane, buyers Justin and Dominique Hind have been living in Sydney for the past two decades, but the Sunshine State will always be home.

“With a young family, we’re now spending an increased amount of time in Brisbane and we were looking for a base to come and go from,” Mr Hind said.

“We’ve also been long time fans of the boys at Graya and of Joe Adsett’s work.

“When Maison came to life, it had our instant interest combining an unbeatable location in New Farm, amazing world class design and superior quality that Graya is known for.”

THE BASICS

Name of development: MAISON

Brief description: Maison is set to be a landmark in Brisbane for its nature inspired design, which boasts landscaped planting wraps that cascade along the curved façade.

Developers: Graya™ and Frank Developments

Architect: Joe Adsett Architects

Prices: From $2.7 million

Address: 60 Moray Street, New Farm, Brisbane

Construction start: October 2020

Expected construction finish: Fourth quarter of 2021

Website for further details: www.maisonnewfarm.com.au

The post Landmark building with just five sky homes set for New Farm appeared first on realestate.com.au.

Darian and Heidi Templeman at the home they are selling in Mount Gravatt. Image: Josh Woning.

SELLERS in Brisbane’s blue-chip suburbs are in the box seat this spring as the pandemic fuels a flight to premium property.

Research from Realestate.com.au shows the suburbs with the shortest average days on market for houses and units since COVID-19 are predominantly expensive locations close to the city, but experts say a two-tier housing market is emerging.

Wilston in Brisbane’s inner north, which has a median house price of $1 million, is the city’s fastest-selling suburb, with houses typically sitting for a month on the market.

This huge home at 36 Lovedale St, Wilston, is on the market.

Houses in Geebung and Gordon Park, also on the northside, are not lasting long either — being snapped up within 37 days on average.

Units are selling the quickest in the inner-west suburb of Auchenflower, with apartments staying an average 49 days on the market, followed by Gaythorne and Moorooka.

Realestate.com.au chief economist Nerida Conisbee said the fact that most of the fastest selling suburbs in Brisbane were in premium locations was in line with the suburbs most in-demand among would-be buyers at the moment.

This contemporary home at 27 Blackwood Rd, Geebung, is for sale.

Yet Ms Conisbee said there were two types of buyers in the Queensland market right now — first-home buyers looking in regional and city outskirt suburbs and buyers with stable employment, who are flocking to quality, inner-city suburbs.

“It’s kind of unusual because we’re seeing a flight to quality but also stimulus for first-home buyers, but the (fastest selling suburbs) trend is consistent with the flight to premium suburbs, as they are perceived as low risk and high return,” Ms Conisbee said.

“These are really safe suburbs, where even if you paid a bit too much, you’d be like; ‘Oh well, it will hold its value and will probably go up’. These will give you decent capital growth over the long term.”

This character home at 149 Thistle St, Gordon Park, is on the market.

Ms Conisbee said COVID-19 was affecting housing in different ways, with some property types in certain locations doing better than others.

“Suburbs with big family homes on large blocks are faring well, but the best performers continue to be premium suburbs,” she said.

“The buyer market is still strong and well-paid professionals are supporting expensive housing, they’re probably not spending much on anything else. This seems to be leading this push in many of the blue-chip suburbs around Australia.

“Demand is often a good indicator of price growth.”

This property at 71 Abingdon St, Woolloongabba, is for sale.

When it comes to units, Ms Conisbee said those suburbs with fewer apartments seem to attract the most buyers and, therefore, sell faster than those with plenty of unit stock.

Brisbane couple Heidi and Darian Templeman are selling their house at at 30 Stellman Street in Mount Gravatt, which is one of the suburbs where houses are selling the fastest, according to Realestate.com.au.

The Templemans built their home five years ago and have decided to sell now because they have outgrown it and want to act now in case prices drop in the coming months.

“In recent months, the area has had strong sales,” Mrs Templeman said.

“For us, we want to try and capitalise on that because there is no such thing as ongoing certainty in the real estate market.”

Listing agent Ben Salm of Place – Coorparoo said he was not surprised Mount Gravatt was on the list of fastest selling suburbs because it offered value for money for buyers priced out of inner-city suburbs.

This property at 30 Stellman St, Mount Gravatt, is for sale.

“We’re getting a big mix of first-home buyers at higher price points, young families moving to the area because they see value because of the strong education belt here, and then investors looking to the area because it’s very stable and is growing in value and getting good rental returns,” Mr Salm said.

“Activity has increased significantly in the last four weeks leading into spring. It’s certainly noticable this year that inquiry from sellers looking to do something in the next six months has definitely increased.”

Mr Salm said he had noticed an increase in vendors interested in selling after sitting on their hands for several months following COVID-19.

“You’ve got a mix of people who put (selling) on hold because they were going to sell at the start of COVID-19, pple forecasting …and want to avoid a falling marekt, then pple forced to sell due ot circumstances outof their control.

Mr Salm said it was a good time to sell because there was a shortage of stock on the market and buyers were willing to pay a premium.

FASTEST SELLING SUBURBS FOR HOUSES

Ranking Suburb Average days on market

1. Wilston 33

2. Geebung 37

3. Gordon Park 38

4. Woolloongabba 39.5

5. Keperra 43

6. Ferny Grove 45

7. Mount Gravatt 45

8. Ferny Hills 46

9. Windsor 47

10. Bald Hills 48

(Source: Realestate.com.au)

FASTEST SELLING SUBURBS FOR UNITS

Ranking Suburb Average days on market

1. Auchenflower 49

2. Gaythorne 50.5

3. Moorooka 51.5

4. Carseldine 52.5

5. Carina Heights 53

6. Toowong 56

7. New Farm 56.5

8. Mount Gravatt East 58

9. Ormiston 58

10. Wishart 60.5

(Source: Realestate.com.au)

The post The Brisbane suburbs where your home is likely to sell faster appeared first on realestate.com.au.

An aquaculture/barramundi farm business on the Cassowary Coast (located at 323 El Arish Mission Beach Road, Maria Creeks) is on the market for $1.5 million.

A FAR North aquaculture business has hit the property market and is offering its new owners a unique opportunity.

Duncan and Angela McKinstry have spent the last eight years expanding the facilities at their El Arish barramundi farm, Barra DownUnder, and are now looking to move on.

Set on 10.4ha, the business supplies several local restaurants and sells barramundi whole fish and fillets to the general public on weekends.

Listed at $1.5m, the farm has nine aquaculture ponds, three of which are currently stocked.

With all ponds in production there was potential to produce 40,000kg of barramundi a year.

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Elders real estate agent Toby Mitchell said with all ponds in production there was potential to produce 40,000kg of barramundi a year.

“They are off the charts selling fish, on the weekends it’s car after car dropping in,” he said. “A lot of people think they catch by nets, they catch by hand. It’s very unique.”

Mr Mitchell said the property had previously been open to the public as a catch and release/buy fish farm and had previous approvals in place for holiday cabins.

It also includes a three-bedroom family home.

The property was previously open to the public as a catch and release/buy fish farm.

The post Mission Beach barramundi farm on the market for $1.5m appeared first on realestate.com.au.