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Tarkine Wilderness Lodge at Meunna, the impressive exterior of the lodge

MORE commercial and tourism opportunities are opening up in Tasmania’s north west with an iconic fish and chip business on the Wynyard wharf up for grabs along with a wilderness retreat in the Tarkine.

The asking price for the Tarkine Wilderness Lodge, at Meunna, about 35 minutes from Burnie, has been reduced from $2 million to $1.5 million.

The lodge comes with a licence to conduct wilderness walks in the Tarkine forest and a previous development application has been lodge to build 25 cabins on the 44,68ha property.

Currently the lodge operates as a bed and breakfast with three private ensuite rooms.

Tarkine Wilderness Lodge at Meunna

Tarkine Wilderness Lodge at Meunna

Another well-known tourism offering has also hit the market.

The building at 243 Gilbert St, Latrobe has been offering as The Cherry Shed for many years and drawn in visitors keen on cherry ice cream and other cherry treats.

It is on the market for $1.1 million and has a commercial kitchen, meeting rooms and dining area and ample parking.

The Cherry Shed, Latrobe, sales assistant Selka Beyerle pictured in 2009.

One of Ulverstone’s most iconic buildings, Lancaster House, has been a part of the town’s main street built heritage since the 1920s.

Overlooking the Leven River and a redeveloped wharf area, it is on the market for $1.25 million having been a coffee shop and department store in previous years.

Lancaster House at Ulverstone

It has three residential areas on the first floor above the commercial tenancies.

Wynyard Seafood, which has been a part of Wynyard’s wharf culture for decades, is for sale with price available on application.

The advertisement says the retail lease allows for significant expansion of the building.

Across the road, a grand 1890s building, which has had previous lives as a book store and a restaurant is looking for a new owner and new life again.

The building, in Goldie St, is on the market for $649,000, zoned commercial/residential and very close to the town’s new indoor market.

Two buildings in Devonport’s Rooke St mall are also for sale, one built in the 1880s which has enjoyed many years of consistent earnings.

helen.kempton@news.com.au

The post Want to run a fish and chip institution or a wilderness lodge? appeared first on realestate.com.au.

The property market has performed well during the COVID-19 crisis. Picture: Sunday Telegraph / Gaye Gerard

The Sydney residential property market is in surprisingly better shape going through the pandemic recession than almost every commentator had expected.

As the spring selling season gets underway, one of the most astute market watchers Christopher Joye has also detected signs the COVID-19 induced housing correction may be coming to an end. The main risk to the “nascent recovery is a second wave emerging in New South Wales,” he wrote in the Livewire newsletter, suggesting there was already evidence of a significant deceleration in losses across Sydney.

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Across Australia’s capital cities, home values have declined 2.5 per cent since their April 2020 peak, consistent with his projection that the COVID-19 shock would induce a 5 per cent drop in prices at most.

Sydney prices have stayed resilient. Picture: John Appleyard

“Consensus expectations have entered around much larger price falls of between 10 per cent and 30 per cent nationally,” Joye wrote.

“Our March forecast for a modest correction followed by strong house price appreciation in the order of 10 per cent to 20 per cent in the years thereafter remains intact.”

Joye was the first to spot the last recovery, when after the May 2020 Federal election he advised that a house price recovery was underway.

His latest scenario was premised on “supportive measures in the upcoming federal budget.”

Shane Oliver, the chief economist and head of investment strategy at AMP Capital, forecast prices to fall as much as 20 per cent, and last month was forecasting average property prices will fall by 10 per cent to 15 per cent annually from April.

Oliver still sees Sydney as especially vulnerable given the high dependence on immigration and “greater investor penetration.” He thinks it is likely that the price falls will increase in size from October as the government economic support measures start to decrease.

Auction clearance rates have been steady. (Photo by James Gourley/The Sunday Telegraph)

The Commonwealth Bank has tweaked its forecast but now says Sydney prices would begin a recovery by mid-2020. It’s a significant shift from the bank calculating in May that there was a 30 per cent fall worse case scenario.

“We expect dwelling prices to continue to decline at a modest pace and to trough in Q1 21,” says CBA’s head of Australian economics Gareth Aird. “But we expect solid recovery in prices from H2 21 as borrowing cost becomes the dominant influence.”

I still think unemployment ought be the dominant influence on house prices, but this scenario has not been in vogue since high unemployment last hit the market in the early 1990s.

NSW was fortunate that its unemployment rate going into the pandemic was around its lowest level in a decade, and it has the capacity to proceed full speed ahead with state changing infrastructure projects.

But businesses will need incentives to retain and hire. Many may be understandably reticent to boost their payroll too rapidly.

Their caution is contrasted by the surge in first-time buyer interest, with the latest data showing the First Home Loan Deposit Scheme has helped get thousands of Australians into a home sooner.

The scheme supported one in eight of all first home buyers who purchased a home in Australia between March and June. With essential workers securing one in six of the homes, these guaranteed loan recipients ought be safe even with a prospect of negative equity next year.

The post Sydney property market in better shape than expected through pandemic recession appeared first on realestate.com.au.

Tennis courts, water views, mansions, New York townhouses and penthouses. The IRL digs of the cast of Friends are a far cry from their characters who lived in rent-controlled apartments with roommates.

In reality, the property portfolios of the beloved stars from hit sitcom Friends – which aired from 1994 to 2004 – are a tad more luxurious.

The cast of classic 90s sitcom Friends. Picture: Getty

Here we take a peek inside the cast members’ homes.

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Courteney Cox’s Malibu masterpiece

Courteney Cox certainly has left the life of Friends character Monica and her famous purple-themed apartment behind and had a bit of an upgrade.

The actor calls a 743sqm Malibu property, high above the beach, home today.

It boasts a swimming pool, some serious sun loungers, two acres of garden, tennis courts, stunning sea views and guest cottages.

Matthew Perry, Matt LeBlanc, Jennifer Aniston, Courteney Cox, David Schwimmer and Lisa Kudrow from Friends. Picture: Getty

Cox has shared many glimpses of the luxurious home on social media after she had some quite extensive renovation works completed on the property.

We love the neutral colour scheme and artwork on the walls. It looks like no detail has been spared with the interior design and decorating.

View this post on Instagram

 

A post shared by Courteney Cox (@courteneycoxofficial) on Nov 28, 2019 at 10:37pm PST

Jennifer Aniston’s Beverly Hills beauty

Multiple award-winning actor Jennifer Aniston previously told Hello Magazine that she would’ve loved to be an interior designer if she wasn’t an actress.

Her current home, located in Bel-Air boasts panoramic views, a swimming pool, koi pond and a huge outdoor terrace for entertaining.

View this post on Instagram

 

A post shared by Jennifer Aniston (@jenniferaniston) on Jan 6, 2020 at 11:50am PST

Aniston is no stranger to amazing properties. Before her current home she lived in a gorgeous place in Bel Air with ex-hubby Justin Theroux, which was sold after their split.

And then there was also the beautiful Beverly Hills mansion she shared with her first husband, Brad Pitt.

This current home was the first big reno project she has undertaken solo. She is said to have wanted to create a “Zen-like retreat” and a space that is good for entertaining as well.

David Schwimmer’s East Village townhouse

While Schwimmer is said to be notoriously private and there aren’t many details out there about his property portfolio, the Friends did give fans a rare glimpse in his home in New York during an interview on The Tonight Show Starring Jimmy Fallon since being in lockdown.

He lives in a townhouse in Manhattan with his daughter, Cleo, he had with ex-wife Zoe Buckman. He bought the 1852 townhome in East Village for $5,357,656  ($US3.9 million) in 2010. He has since completed gutted it and completely replaced the five-level brick townhouse.

David Schwimmer, who played Ross Geller, pictured with his ex-wife and daughter in 2015. Picture: Getty

It’s reported that the actor has also previously owned homes in LA and Chicago. He sold the Chicago property in January this year for $1,325,676 ($US965,000).

Matthew Perry’s Pacific Palisades pad

Matthew Perry’s home in LA’s Pacific Palisades. Picture: realtor.com

Actor Matthew Perry put his Malibu beach house on the market for $20.6 million (US$14.95 million) in August.

The four-bedroom oceanfront property is where the Friends’ star has sheltered in place during the coronavirus, cracking jokes about the beachgoers below.

In July it was reported that he dropped the price of his LA penthouse from $48 million ($US35 million) to $37 million ($US27 million). Dubbed “Mansion in the Sky” the property takes up the entire 40^th floor of the building.

Picture: realtor.com

Matt LeBlanc’s mysterious portfolio

“How you doing?” Well, it appears Matt LeBlanc, whose character, Joey, was famous for that line, is doing pretty good these days.

While there doesn’t seem to be as much property news confirmed about where LeBlanc currently lives as his castmates, reports do suggest he owns multiple properties.

Two are said to be just north of Pacific Palisades in Encino. Apparently he also owns a home just north of Santa Barbara in Santa Ynez Valley.

Matt LeBlanc and Matthew Perry. Picture: Getty

Lisa Kudrow’s Beverly Hills mansion

Recent selfies on her social media show a mask-wearing Lisa in her Beverly Hills home during lockdown where she was isolating with her husband and their son.

It is reported that Kudrow in fact owns two multi-million home in Beverly Hills.

Lisa is also said to have previously owned a multi-million apartment in Park City in Utah.

View this post on Instagram

 

A post shared by Lisa Kudrow (@lisakudrow) on May 13, 2020 at 12:23pm PDT

The post Inside the property portfolios of Friends stars appeared first on realestate.com.au.

Scammers are exploiting conditions created by coronavirus to target tenants.

Victorians have lost almost $110,000 to rental cons this year, as scammers exploit conditions created by the pandemic.

The state’s tenants have reported 99 scams to the Australian Competition and Consumer Commission to emerge the hardest hit financially this year, followed by New South Wales renters with $96,423 in losses from 185 cases.

Nationwide, scammers have prised more than $300,000 from tenants — up 76 per cent on a year ago — by offering fake rental properties to dupe them into handing over money or personal information.

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Victoria’s coronavirus-driven ban on physical home inspections could be leaving its tenants more vulnerable, with ACCC deputy commissioner Delia Rickard revealing con artists were using “government restrictions to trick people into transferring money without inspecting” properties.

In-person inspections are outlawed in the state until at least October 26, assuming Melbourne records fewer than five COVID-19 cases per day for the two weeks prior.

Ms Rickard said scammers were also offering reduced rents due to COVID-19 and luring victims by posting ads on real estate or classified websites. They were also targeting people who posted on social meeting about seeking a room.

Australian Competition and Consumer Commission deputy commissioner Delia Rickard said falling victim to a scam could be “devastating” for anyone already struggling financially due to COVID-19.

The ACCC said after a victim responded, scammers were asking them to lodge an upfront deposit to secure a rental, or phishing via a “tenant application form” for personal information and documents including passports, bank statements or pay slips.

They promised to supply the keys after they collected the payment or information, and may even make up excuses for further money transfers, impersonate real estate agents and organise fake inspections.

Victims had arrived at addresses to discover a property didn’t exist or was already occupied, the ACCC said.

People aged 25 to 34 have reported the most scams, with those in the Australian Capital Territory ($74,191) and Queensland ($51,975) also suffering substantial losses.

Victorians have lost $109,639 to rental scams this year.

Ms Rickard recommended renters “view a property in person before paying any bond or rent money” to avoid being conned.

But she added Melbourne tenants who were unable to walk through properties could help protect themselves by searching online to confirm a property existed and, if dealing with a property manager, confirming they were licensed.

“Scammers often rely on email communications to avoid identification,” she said.

“Do an independent search for a phone number and speak to the property manager over the phone or arrange a meeting in person.

“Many people are also experiencing financial difficulties due to the pandemic and the financial impact of falling victim to a scam can be devastating.”

Anyone who suspects they have been conned should act quickly by contacting their bank and, if relevant, the platform on which they were scammed to inform them. They can also make a report via the ACCC’s Scamwatch website.

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samantha.landy@news.com.au

The post Rental scams strip Victorian tenants of $110,000 amid COVID-19 appeared first on realestate.com.au.

Mortgage holidays will soon be over for some homeowners, with tighter eligibility conditions looming at the end of September and distressed sales potentially on the horizon.

But banks have promised to extend repayment deferrals for those still facing coronavirus-driven financial hardship, with Victorians under lockdown expected to need the helping hand.

Advantage Property Consulting director Frank Valentic said borrowers had been on a “free holiday” for six months, but banks would “want to see all your financials for assessment” for an extension.

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Mortgage holiday extensions will be assessed by the banks. Picture: iStock

Buyer’s advocate Frank Valentic said some distressed listings may appear.

“Essentially, the holiday’s over at the end of September. And you’re going to have to prove you can keep (staying) on the holiday, or you may end up in a position where you’re having to sell the property,” Mr Valentic said.

“I’m sure there’ll be a lot of people there who don’t meet the criteria.”

He anticipated a spike in distressed listings, which would be almost impossible to sell while a ban on physical property inspections remained in place.

Many Victorians are still unable to make full mortgage repayments, with non-essential businesses including retail, restaurants and gyms closed under lockdown.

Melbourne restaurants including Andrew McConnell’s are closed. Picture: Jason Edwards

Banks will contact borrowers individually to assess deferrals. Picture: iStock

But Australian Banking Association chief executive Anna Bligh also said it was unlikely customers who had honest conversations with their bank would be forced to sell their home.

“We would strongly encourage any consumers who are on a deferral or hardship arrangement to talk to their bank before it ends,” Ms Bligh said.

“People find it difficult to talk about their financial situation and will often soldier on trying to resolve the situation themselves.

“Your bank can’t assist you if you are not frank with them about your circumstances”.

CEO of the Australia Banking Association, Anna Bligh

Moneycat Finance chief executive Evan Davis said banks would “be very sympathetic to those genuinely in hardship”. But they could also scrutinise salaries, business turnover results, account transactions and JobKeeper payments before making a decision.

He encouraged those on holidays to consider whether they were able to start making full repayments again, to avoid interest adding up.

The Australian Prudential Regulation Authority estimated about $167b worth of home loans — about 9 per cent of all mortgages — were deferred across Australia by the end of July.

ANZ confirmed there were options available for those still needing support.

About 20 per cent of borrowers on holidays had still achieved partial repayments since then.

Mortgage Choice chief executive Susan Mitchell said the pace of borrowers coming off deferrals had also picked up, which was “reassuring, as it shows that borrowers weren’t taking a ‘holiday’.”

“The recent lockdown in Victoria would have had a greater impact on borrowers and small business owners,” Ms Mitchell said.

“Solutions will vary but they may be able to seek an extension to their deferral, or a restructure of their loan.”

Westpac estimated about half of the 135,000 repayment relief packages provided to customers would not need to be extended beyond September.

The bank’s acting chief financial officer Gary Thursby said “more time and breathing space” would be available to customers who “aren’t in a position to return to full payments again from October.”

Westpac provided 135,000 repayment relief packages. Picture: Bianca De Marchi

“However, we anticipate a significant number of customers will be able to resume regular repayments when their deferral term ends,” Mr Thursby said.

“We expect these customers to start their repayments again and we would encourage as many people as possible to do so.”

The ANZ also confirmed borrowers who met eligibility criteria could move on to an interest-only payment scheme or continue deferring repayments for an additional four months.

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The post Mortgage holidays: Banks to scrutinise borrowers seeking deferral extension appeared first on realestate.com.au.

The Unley home at 72 Thomas Street was snapped up before it had a chance to go to auction. Pic: realestate.com.au

A popular Unley cottage was such a big hit with househunters that it sold two days before going under the hammer.

The three-bedroom home at 72 Thomas Street was snapped up on Thursday night ahead of its Saturday auction.

Harcourts VennMillar principal Stephen Venn, who sold the property with Adam Timms, wouldn’t reveal the sale price but said it fetched much more than its $920,000 guide.

He said the modernised character home’s snappy sale was no surprise given its popularity.

It’s a combination of both old and new. Pic: realestate.com.au

The character home has been modernised and has a contemporary extension. Pic: realestate.com.au

The extended Bluestone cottage was the most viewed property going to auction in South Australia and second across the country on realestate.com.au last week.

Mr Venn said prospective buyers also descended on the home in droves to see it in person.

“We had 113 groups through, which is extraordinary, and we got a couple of really strong offers as well,” he said.

“I think it had a lot going for it in terms of the location, particularly.

“It was the right balance of character with a near new extension at the back.

“It ended up selling to a pair of downsizers, but it attracted young families too.

It has an open kitchen, living and dining area. Pic: realestate.com.au

It opens onto an outdoor entertainment area through stacker glass doors. Pic: realestate.com.au

“My wife and I were actually eyeing off that property, we told the purchasers we’re envious.”

Ornate arches, high ceilings and feature fireplaces pay homage to the home’s original form, while an extended open kitchen, living and dining area that flows through stacker glass doors outside adds a contemporary touch.

Mr Venn said the sale was a clear reflection of what was happening in the market – househunters acting quickly to make sure they get the home of their dreams.

“People are buying and bidding with confidence,” he said,

“I think that’s got a lot to do with the good management of the state in a COVID-19 sense.”

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The Athletes Village at Newington in September 2000.

It was a triumph of human spirit and athletic prowess but the 2000 Sydney Olympics also kickstarted a revolution in the way we live.

Twenty years on, the Olympic Park area and former athlete’s village have become a blueprint for the modern Aussie housing development, launching innovations widely used today.

But it is also one of the Sydney regions that’s undergone some of the biggest changes.

High-rise apartments now tower over the sporting complexes and surrounding suburbs such as Rhodes and Wentworth Point are among the most densely populated in the country.

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The suburb of Newington, which housed the athlete’s village, has become a popular enclave.

With that popularity has come a surge in prices. The median price of a house in Newington was $410,000 in 2000 but it has since grown to $1.34m, according to realestate.com.au data.

Newington in the lead up to the 2000 Olympics.

Mirvac general manager for residential Toby Long, who was involved in the construction of the village, said these changes belied the monumental impact the athlete’s village had on the housing market.

“It was well ahead of its time,” Mr Long said. “There were a bunch of key sustainability principles established and it set a benchmark for how you design masterplanned communities.

“If you look closely at new developments you will see a lot of the same things they did in Newington, that same footprint.”

The athlete’s village was considered one of the most ambitious Olympic construction projects attempted at the time.

Marissa Li and David Armsden at their home in Sydney Olympic Park. Picture: Adam Yip

The Sydney Olympic Park Authority signed a $590m contract with a consortium of banks and developers, including Mirvac, in 1997.

The contract, part of $3 billion of construction and capital works for the games, was to plan, design, finance and build housing for 15,300 competitors and team officials.

Newington was chosen as the site because of its proximity to the sporting facilities and ample land available – the area was previously used as an armoury and featured open plains and bunkers.

The houses, townhouses and units built by the consortium for the games were sold as private homes after the Paralympics.

The Newington village was considered a groundbreaking development at the time.

The area was previously used as an armoury, with industry surrounding it.

There were also module homes that were dismantled and sold off to private buyers – many of which are now holiday homes in locations scattered up and down the NSW coast.

Mr Long said it was one of the rare instances around the world of an Olympic project not becoming a “white elephant”.

“It’s transitioned well from an Olympics site to a neighbourhood,” he said. “The growth has been quite phenomenal and people have developed an affinity for the location.”

Part of the success was the combination of easy access to sporting facilities, wide roads and footpaths, along with the pioneering use of solar power and recycled water, he said.

“Not many people realise there is also a substantial green belt in the area now,” Mr Long said.

“In 2000 you could drive to the top of (Newington) and see all the houses but you can’t now because the trees have grown over that vista.”

Horwood Nolan agent Shane Sullivan has sold numerous homes in Newington and the surrounding area and said the area has become a vibrant suburb.

The suburb and Olympic Park were now at the centre of Sydney, with roughly an equal number of people living east and west of them.

He added the suburbs were also between the city’s three biggest employment hubs in Parramatta, Macquarie Park and the Sydney CBD.

Sydney Olympic Park has many high-rise buildings today.

The area has changed a lot in 2020.

“Most of our buyers for houses actually already live in the area. We find once they come here they tend to stay for good,” Mr Sullivan said.

Olympic Park residents Marissa Li and David Armsden recently purchased a unit in new development Pavilions and said the Olympic legacy made the area attractive.

“We were previously living in Wolli Creek where there is also lots of new housing but Olympic Park is much better designed,” Ms Li said.

“We like that the roads are wide and there’s cycling paths everywhere. I had driven past many times and always loved the parks … it’s a good place to wind down after work.”

The post How Sydney 2000 Olympics kickstarted a housing revolution appeared first on realestate.com.au.

Have it all at 2 Lascelles Avenue, Toorak.

Not one, but two acclaimed architects created this magnificent Toorak mansion that’s catching the eyes of buyers near and far.

Marcus Martin — a popular architect among the suburb’s wealthy establishment — designed the elegant home in 1935

And Stephen Akehurst injected “a superb modern influence” while retaining the abode’s “enormous amount of charm and character” by curating a renovation and extension about seven to eight years ago, Marshall White Stonnington director Andrew Hayne said.

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Take a dip after a hit.

A touch of European sophistication.

This involved adding a six-car basement garage, an alfresco terrace, a pool and tennis court to the large 1163sq m landholding.

The five-bedroom house at 2 Lascelles Avenue is now on the market via an expressions of interest campaign with a $13-$14m price guide.

Despite being listed in the depths of Melbourne’s stage four COVID-19 lockdown, the impressive property racked up more than 5700 views on realestate.com.au within its first week on the market — about five times that of a typical Toorak home.

Cheeky.

A home cinema is among the highlights.

Space for the family fleet and more.

Mr Hayne said this had translated to strong early inquiry from both local buyers, and expats based in Asia and Europe.

“We’re going to do virtual inspections (via Zoom) with myself, the buyer and the vendor,” he said.

“We’ve got adaptable in this market.”

The agent expected the home’s closeness to Toorak village, prized schools and public transport to be a drawcard for buyers.

Laid-back living.

A stately facade.

Its other highlights include multiple living spaces that open out to charming gardens, a premium kitchen drenched in black granite, Carrara marble and Miele appliances, and a cosy home cinema and temperature-controlled wine cellar on the basement level.

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samantha.landy@news.com.au

The post Lascelles Avenue, Toorak mansion has cupboard wine bar appeared first on realestate.com.au.

At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

It was often joked that she could sing before she could speak, so it’s little wonder Carla Mattiazzo blossomed into a cabaret artist.

The 34-year-old has certainly come a long way since those lounge room debuts, performing at the likes of Adelaide Fringe, Sydney Fringe and Adelaide Cabaret Festival.

“I was the kid that would get my family, neighbourhood kids and friends together to put little shows together. In all honesty, I would rather not exist if I couldn’t create and perform,” she says.

Over the past two years, Carla has been working on her own show ‘The Catchelorette’ which debuted at last year’s Adelaide Fringe to much acclaim.

“The inspiration was my ‘love’ live – oh boy, material just seems to find me,” she says.

Despite postponing her Australian tour due to COVID-19, Carla says she’s keeping positive.

“If Australia is COVID-19 free and restrictions have evaporated, The Catchelorette will be at The World Fringe in Perth in January 2021,” she says.

“Until then, my pianist Lainie Jamieson and I are performing a Christmas special/online show in December via Instagram and we are about to start a podcast in September based on my cabaret show. Look out for The Catchelorette and Friends on Spotify.”

Facebook.com/carlasconfessionalcabaret

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At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

AGE

34

WORKLIFE

Cabaret artist.

CAREER HIGHLIGHTS/BEST KNOWN FOR …

2020 Adelaide Fringe Best Cabaret Award for ‘The Catchelorette’.

I’VE LIVED IN MY HOME FOR …

Six months.

MY HOME IS A …

Joyful and calm place.

I LIVE WITH …

Maximus Sparticas and April (my fur babies).

I LOVE MY HOME BECAUSE …

My dogs live here ha, it is decluttered, colourful and full of purposeful art that reflects my travels or my cabaret achievements.

BUT I STILL NEED TO …

Get a proper front hall table and bar stools for the kitchen.

At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

MY DECORATING STYLE IS …

Colourful minimalist.

RECENT PURCHASE

Squeaking Pig gin.

I COLLECT …

Dresses/gowns.

FAVOURITE PART OF YOUR HOME

Ohhh that is so hard. Studio because of my cabaret gowns. Lounge for the layout and because the doggies hang out in there.

HOME FAVOURITES

■ Doggies.

■ Pink terrazzo pots/stands as they remind me of my Nonna Anna’s bathroom floor.

■ Art.

IN MY GARDEN I HAVE …

Nothing, it is minimal, grass with edge of mulch and out the front some natives.

WHEN I GET HOME AT NIGHT …

I am cooking, hanging out with doggies, dancing, singing, reading and occasionally watching the television.

AT WEEKENDS I LIKE TO …

Walk the dogs, see friends and family, go to pilates, barre or yoga … and shop.

MY FIRST CAR WAS …

A VY Commodore wagon.

At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

I LIKE TO LISTEN TO …

Beyonce, Alicia Keys, JT, Armchair Expert, Just the Gist, Wilosophy, the old crooners and the old soulful divas.

AT THE MOMENT I AM READING …

Talkin’ Up To The White Woman – Indigenous women and feminism by Aileen Moreton-Robinson.

FAVOURITE FILM

La Dolce Vita and Nine the musical.

CLEAN FREAK OR MESSY BESSIE?

Clean freak.

ON MY WISHLIST IS …

An automatic vacuum … all the dog hair.

WHEN I’M HOME I LIKE TO COOK …

My home cooking is basic and clean. Vegan and gluten free over here.

FAV CAFE/RESTAURANT/ BAR

Brother Bear, Hains and Co, Casa Bla Bla, Tell Henry and Nutrition Republic.

FAVOURITE DRINK?

Water ha ha … watermelon juice.

At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

At home with cabaret artist Carla Mattiazzo. Photo: Nick Clayton.

WHEN I WAS A CHILD I WANTED TO BE …

A singer.

FAVOURITE CHILDHOOD MEMORY

Playing with my animals in the backyard and singing to them while I jumped on the trampoline.

FAVOURITE SA HOLIDAY SPOT/ACTIVITY

Carrickalinga / Lady Bay and hiking at Mt Lofty or the Marino walk.

DREAM HOLIDAY DESTINATION

Spain, Africa, Hawaii and NYC.

SOMETHING YOU WANT TO ACHIEVE IN THE NEXT 10 YEARS?

World Cabaret Domination and love/marriage/baby … these eggs are getting old.

MY NEIGHBOURS ARE …

They keep to themselves.

I COULDN’T LIVE WITHOUT …

My dogs.

IF I COULD AFFORD IT I WOULD LIVE IN …

Walkerville, Florence, Italy, NYC, Melbourne or Hyde Park.

HOME MEANS …

Peace.

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28-year-old real estate “whizzkid” Eddie Dilleen who has been buying up a storm across Brisbane when the rest of the country was in COVID-19 lockdown. Pictured at one of his properties in Greenacre, Sydney. Picture: Dylan Robinson

A 28-year-old ‘whizzkid’ bought almost one property a month while Australia was in the grip of COVID-19, one of many investors scooping up high rental yield homes at a discount now.

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Eddie Dilleen bought two Ipswich duplexes in April, paying $410,000 ($130k discount on the last price paid). Rented at $580 a week, the gross yield sits at 7.3 per cent.

For Eddie Dilleen, 28, who has 25 properties in his portfolio, it’s a no-brainer to buy now, especially with interest rates so low.

“I’ve bought seven properties in total since COVID started. Six properties in Brisbane and one in Sydney. The six properties I bought in Queensland were to continue building my property portfolio growth, mixing from houses, duplexes, townhouses and a commercial property also. The other property in Sydney was changing PPOR (place of residence) and was bought for $1.3m.”

“So, since COVID-19 started I’ve added almost $2.5m to my property portfolio bringing the total value close to $8m in property I own.”

EDDIE DILLEEN’S BRISBANE COVID BUYS:

March: Townhouse (Logan): Paid $135,000; Rent $270 a week; 10.4% gross yield.

April: Two Ipswich Duplexes: Paid $410,000 ($130k discount on last price paid); Rent $580 a week; 7.3% gross yield.

May: Ipswich 2 bed villa: Paid $133,000; Rent $280 a week; 10.9% gross yield.

August: Commercial property (Logan): Paid $200,000; commercial lease 12.5% gross yield.

September: Two bed unit (Surfers Paradise): Unconditional $210,000; Rent $350; 8.6% gross yield.

(Source: Eddie Dilleen)

In May, Eddie Dilleen bought this Ipswich two-bedroom villa for $133,000. Rented out at $280 a week, the property gets him a 10.9 per cent gross yield.

When it came to how his portfolio would be hit because of COVID-19, Mr Dilleen said he “wasn’t concerned at all”.

“I have invested with a strategic formula to minimise risk,” he said. “My property portfolio is extremely cashflow positive which means the total income far outweighs the expenses and holding costs.”

Mr Dilleen said he got almost $500,000 rental income a year while his mortgage expenses sat at $200,000 a year, leaving $300,000 in the kitty as a buffer through any economic shockwaves.

“I haven’t thought about negotiating better terms with the banks due to COVID-19. I haven’t had any issues with tenants paying rent or anything either.”

The man who bought his first property at 18 after saving two years worth of earnings working at McDonalds, said his goal was to never sell any property he bought.

“I hate the idea of selling property. Most people regret selling properties after 10 to 15 years because usually they are worth a lot more.”

His three-pronged wishlist for properties was “good cashflow or high yields, capital growth and buying properties at a discount price below market value to create instant equity of 15 to 20 per cent plus”.

What drives him is being able to buy a property way under market or bank valuation.

Eddie Dilleen paid $200,000 in August for this commercial property in Logan. It has a 12.5 per cent gross yield.

”If someone needs to sell and their main priority is getting a quick sale they will usually compromise on price, therefore sell lower. It’s just about having the right contacts and putting in the research and work.”

Mr Dilleen said he often bought properties at $50,000 to $100,000 below what the bank valuation was.

He said the prices he got were usually unheard of in the wider market because most people just limited themselves to places where they lived.

“I’ve bought in Brisbane as close to the CBD as 5km but also as far as 40km. Same with Sydney. I’ve bought as close as 12km to the city CBD and also as far as 35 km.”

“Property investing is about numbers and making money to create a life of financial freedom. To me the only thing that matters is the profit, not the colour of the carpet or if the paint isn’t the nicest. It’s about trying to take the emotion out of property investing.”

In March, the start of the COVID-19 lockdown, Eddie Dilleen bought this townhouse in Logan for $135,000. Rented at $270 a week, it has a gross yield of 10.4 per cent.

His top tip was research or get help from someone who can get results and has done it themselves.

“Build the right team of people who can help you such as mortgage broker, property manager and buyer’s agent if you don’t have the time to do it yourself. Property investing can be extremely complex as everyone has their own opinion and thinks they’re an expert.

I would recommend people to not listen to the naysayers, If I can do it, anyone can. I grew up in an extremely poor family and no one owned a property at all – now I own 24 plus properties.”

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