Blog

Property prices in Melbourne and Sydney have seen the largest falls. Picture: NCA NewsWire / Andrew Henshaw

Australia’s capital city property prices have slumped, as coronavirus lockdown measures stifle buying activity.

Property price data from the Australian Bureau of Statistics show residential housing prices for the June quarter went backwards 1.8 per cent compared to the prior quarter, with Melbourne and Sydney housing markets seeing the largest falls.

The economic slowdown sparked by the coronavirus pandemic has caused Australia’s capital city property markets to slump. Picture: Tim Pascoe

Residential property prices in Sydney dropped 2.2 per cent over the quarter, largely fuelled by house prices dropping 2.6 per cent. Attached dwellings, such as apartments and townhouses, only fell 1.4 per cent.

The Melbourne property market experienced slightly larger drops for the quarter. Residential property prices fell 2.3 per cent, driven by a 2.8 per cent decline in house prices and a 1 per cent fall in attached dwellings.

Brisbane residential prices fell 0.9 per cent over the June quarter.

ABS head of price statistics Andrew Tomadinau said sales across the eight capital cities fell off a cliff during the June quarter, as COVID-19 restrictions inhibited buying activity.

“The number of residential property transactions fell substantially in the eight capital cities during the June quarter 2020, due to the effects of COVID-19 on the property market”, he said.

“All capital cities apart from Canberra recorded falls in property prices in the June quarter 2020.”

Perth property prices dropped 0.7 per cent. Picture: Tourism Western Australia

The value of Australia’s residential dwellings fell by $98.2 billion over the quarter to a total value of $7138.2 billion.

The average price for house after the slump is $678,500.

Brisbane’s residential market fell 0.9 per cent over the quarter and Adelaide housing prices dropped 0.8 per cent.

Perth fell 0.7 per cent over the period, while Hobart fell 0.4 per cent and Darwin prices dropped by 1.4 per cent.

Canberra was the only market to experience an increase with local residential prices increasing 0.8 per cent.

The post Latest ABS figures has revealed the initial property slump sparked by COVID-19 appeared first on realestate.com.au.

SA Home mag Cover for Readers Choice

There are eight family-friendly display homes in the running to win the HIA Sunday Mail Readers’ Choice Award and Home & Life magazine is giving you the chance to choose your favourite. Cast your vote by 11pm on Thursday, September 23 to go in the draw to win a $500 Holiday of Australia voucher.

Readers’ Choice: Metricon’s Kalarney display home.

Readers’ Choice: Metricon’s Kalarney display home.

Readers’ Choice: Metricon’s Kalarney display home.

Readers’ Choice: Metricon’s Kalarney display home.

METRICON HOMES’ KALARNEY 29

Category entered: Display Home > $250,001 to $400,000

About the home: 288.17sqm total size | 234.90sqm living space | 29.15m width | 12.59m depth | 4 bedrooms | 2 bathrooms | 3 living areas | double garage | suited to a corner block, hillside, wide blocks

Judges’ comments: This large family home delivers on design and quality. The floorplan offers plenty of versatility to accommodate all family dynamics. The stunning Whitehaven facade has been carefully considered for it’s countryside location.

On display at Newenham estate, Mt Barker, open Sat | Sun | Mon | Wed, 12pm -5pm, metricon.com.au

Readers’ Choice: Aspire Homes South Hampton display home.

Readers’ Choice: Aspire Homes South Hampton display home.

Readers’ Choice: Aspire Homes South Hampton display home.

Readers’ Choice: Aspire Homes South Hampton display home.

ASPIRE HOMES’ SOUTH HAMPTON

Category entered: Display Home > $250,001 to $400,000

About the home: 344.70sqm total size | 241.7sqm living space | 10.34m width | 21.6m depth | 4 bedrooms | 2 bathrooms | 2 living areas | double garage | alfresco | custom designed country home

Judges’ comments: A well-built quality home with a spacious open plan design. The use of recycled brick and cladding achieves a unique, stylish exterior. The same materials have also been introduced internally to create a seamless transition from inside to outside. The bathrooms have been well designed to offer a resort-style feel.

On display at Newenham estate, Mt Barker, open Sat | Sun 1pm-5pm; Mon | Wed 1pm -5pm, aspirehomes.com.au

Readers’ Choice: Rossdale Homes Broadway display home.

Readers’ Choice: Rossdale Homes Broadway display home.

Readers’ Choice: Rossdale Homes Broadway display home.

Readers’ Choice: Rossdale Homes Broadway display home.

ROSSDALE HOMES’ THE BROADWAY

Category entered: Display Home > $400,001 to $650,000

About the home: 310sqm total size 244sqm living areas | 9m width | 30.6m depth | 3-4 bedrooms | 3 bathrooms | 2 living rooms | double garage | 2.7m ceilings | alfresco | suited in to infill blocks, new estates

Judges’ comments: The Broadway is a two-storey design which gives teenagers and parents a chance to enjoy their own space without blowing the budget. This home is fresh and light and has an open plan meals, kitchen, family room that flows into the alfresco, which can be used all year round.

On display at Nilpena Ave, Morphettville, open Sat | Sun 1pm-5pm; Mon | Wed 1.30pm -5pm, rossdalehomes.com.au

Readers’ Choice: Sterling Homes Tribeca display home.

Readers’ Choice: Sterling Homes Tribeca display home.

Readers’ Choice: Sterling Homes Tribeca display home.

Readers’ Choice: Sterling Homes Tribeca display home.

STERLING HOMES’ TRIBECA

Category entered: Display Home > $250,001 to $400,000

About the home: 319.06sqm total size | 262sqm living space (upper and lower levels) | 11.57m width | 19.19m depth | 4 bedrooms | 2 bathrooms plus powder room | 3 living areas | double garage | alfresco, suited to infill blocks and new estates

Judges’ comments: The Tribeca is everything you would want out of a double storey home. With three separate living areas, four bedrooms and two bathrooms, this home has everything a family will need in a home.

On display at Nilpena Avenue, Morphettville,
open Sat | Sun | Mon | Wed, 1pm-5pm, sterlinghomes.com.au

Readers’ Choice: Metricon’s Moritz 38 display home.

Readers’ Choice: Metricon’s Moritz 38 display home.

Readers’ Choice: Metricon’s Moritz 38 display home.

Readers’ Choice: Metricon’s Moritz 38 display home.

METRICON HOMES’ MORITZ 38

Category entered: Display Home > $400,001 to $650,000

About the home: 349.75sqm total size 288.13sqm living space | 9.6m width 24.59m depth | 4 bedrooms | 2 bathrooms plus powder room | 3 living areas | double garage | alfresco

Judges’ comments: The judges were impressed on the construction of this home and it’s striking facade. With four bedrooms upstairs, a bathroom and a separate living area, this home is ideal for families and has ample living space with both the lower and upper levels able to be used simultaneously. This two-storey home is the definition of modern living with an abundance of form and function.

On display at Troubridge Drive, West Lakes, open Sat | Sun | Mon | Wed, 12pm-5pm, metricon.com.au

Readers’ Choice: Simonds Homes’ Mayfair 32 display home.

Readers’ Choice: Simonds Homes’ Mayfair 32 display home.

Readers’ Choice: Simonds Homes’ Mayfair 32 display home.

Readers’ Choice: Simonds Homes’ Mayfair 32 display home.

SIMONDS HOMES’ MAYFAIR 32

Category entered: Display Home > $400,001 to $650,000

About this home: 305.19sqm total size | 8.75m width | 243.85m depth 4 bedrooms | 2 bathrooms plus powder room | 3 living areas | double garage | alfresco, suited to infill blocks and new estates

Judges’ comments: The Mayfair 32 is on trend family home with flexibility in creating spaces to suit a growing family.

On display at Nilpena Ave, Morphettville, open Sat | Sun, 11am-5pm | Mon-Fri, 12pm-5pm, simonds.com.au

Readers’ Choice: Metricon’s Delta 25S display home.

Readers’ Choice: Metricon’s Delta 25S display home.

Readers’ Choice: Metricon’s Delta 25S display home.

SA Home mag: Readers Choice finalists 2020: metricon delta

METRICON HOMES’ DELTA 25S

Category entered: Display Home > $250,001 to $400,000

About the home: 250.01sqm total size | 192.83sqm living space | 12.8m width | 23.15m depth | 4 bedrooms | 2 bathrooms | 2 living areas plus study nook | double garage | alfresco

Judges’ comments: This home is well planned out with option for lots of different environments. You could always find your own space. The combination of textures and materials including bricks, render, tiles and timber create a standout street presence. The Delta 25S is a home perfectly suited to growing families with plentiful storage and room sizing is larger than many similar homes and genuine value for money.

On display at Miravale estate, Angle Vale, open Sat | Sun | Mon | Wed, 12pm-5pm, metricon.com.au

KOOKABURRA HOMES’ THE BRIDGEHAMPTON

Category entered: Display Home > $400,001 to $650,000

About the home: 374.13sqm total size 262.04sqm living space | 31.05m width | 14.80m depth | 4 bedrooms | 2 bathrooms | 3 living areas | double garage | alfresco | bootroom | suited to wide lifestyle and country blocks

Judges’ comments: This home provides many areas that open to each other and was designed to provide a beautiful classic-Hamptons style home and multiple living spaces.

On display at Lilac Parade, Clover Park estate, Mt Barker, open Sat | Sun | Mon | Wed, 12pm-5pm, kookaburrahomes.com.au

Judging criteria

The finalists for 2020 have been chosen by judges for the HIA, based on entries that offer the best in a display home. Every display home entered into an HIA award category is automatically entered into the Readers’ Choice category as well.

When scoring entries, judges used this family-friendly criteria:

• Does the house emphasise safety and utility for families with young children and encourage family interaction, yet offer privacy when required?

• Is it affordable and genuine value for money?

• Does it adapt to the needs of families as they grow and allow children to move from infancy to their education years and into early adulthood.

• Can they accommodate an extended family such as a grandparent?

WHICH HOME WILL GET YOUR VOTE?

We’re looking for South Australia’s most family friendly display home design. Vote for the display home you think best meets the criteria below.

Judging criteria

The finalists for 2020 have been chosen by judges for the HIA, based on entries that offer the best in a display home. Every display home entered into an HIA award category is automatically entered into the Readers’ Choice category as well.

When scoring entries, judges used this family-friendly criteria:

• Does the house emphasise safety and utility for families with young children and encourage family interaction, yet offer privacy when required?

• Is it affordable and genuine value for money?

• Does it adapt to the needs of families as they grow and allow children to move from infancy to their education years and into early adulthood.

• Can they accommodate an extended family such as a grandparent?

To vote, go to advertiser.com.au/competitions.

Voting opens today and closes at 11pm on Thursday, September 23.

The Sunday Mail Readers’ Choice award winner will be announced at the 2020 HIA-CSR South Australian Housing and Kitchen & Bathroom Awards, to be held in Adelaide on Saturday, November 7.

Full terms and conditions at advertiser.com.au/competitions

@smhomemag

The post Pick the best family home design and you could win $500 appeared first on realestate.com.au.

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.

MORE:
Buy in Sydney’s east for $225k

Sydney waterfront mansion sells for $95m

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.

MORE NEWS

Blockhead’s potty foul disgusts Keith

Character home that starred on House Rules snapped up

The renovation you need to see to believe

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.

MORE NEWS

Luxury resort slashes prices to reel in visitors

Crystalbrook launches new cocktail venue

Cozy new coffee space below Cairns staircase

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.

An artist impression of the Maryfields Estate where a seniors development will be built at Campbelltown.

The Franciscan Order of Friars Minor has pocketed nearly $20m follow the sale of a significant seniors living development at Campbelltown.

The Catholic Church order founded in 1209, sold the 6.6ha parcel at 192 Narellan Road near the Hume Motorway to Uniting Care.

MORE: Inside Karl Stefanovic’s new waterfront mansion

Mansion with insane Swarovski chandelier to shatter record

Lavish dance studio estate to shatter records

Property records show the title deeds formally changed hands at the end of August for $18.755m.

The DA includes plans for 200 aged care beds and 500 residences.

Owned by the Uniting Church of Australia, Uniting Care will be able to capitalise of an approved DA for a seniors living site that forms part of the Maryfields Estate. The plans include a provision for up to 500 seniors dwellings and a further 200 aged care beds.

The Narellan Road landholding adds to the Uniting Church’s $1 billion plus property portfolio, which includes around 400 landholdings under its ownership in NSW.

Colliers International head of health retirement living Shalain Singh, who sold the property with colleague Matthew Meynell, said it was a strong expressions of interest campaign, with Innova Capital playing a key role in getting the sale over the line.

Uniting Care purchased the site for $18.755m.

Campbelltown City Council’s draft masterplan of Campbelltown’s Maryfields Estate, bordering Narellan Rd, M5 Motorway and Blair Athol.

“They were able to liaise with the buyer to develop a site activation strategy and also managed the site remediation works for the completion of sale,” he said.

The Maryfields Estate masterplan has further developable land for uses including business precincts and residential subdivisions in the precinct, that is being built as a crucial business and wellness hub in the south west.

The site is located just outside the Campbelltown CBD and is across the road from a Western Sydney University campus.

SIGN UP FOR THE LATEST NSW REAL ESTATE NEWSLETTER

The post Franciscan Order of Friars Minor sells Campbelltown seniors development to Uniting Care appeared first on realestate.com.au.

114 Weller Street, Geelong West, sold for $1.2 million.

The enormous value buyers place on quality homes close to the Pakington Street shopping village was demonstrated at a Geelong West property sold last week.

A family from Leopold has secured the renovated four-bedroom house at 114 Weller Street for $1.2 million.

The result was $100,000 above the initial price expectations for the 461sq m property, which sold in a matter of days.

RELATED: Single mum’s reno sets street price record

Why buyers are chasing these Geelong hot spots

Landmark Geelong West heritage villa on market

114 Weller Street, Geelong West, sold for $1.2 million.

It was advertised with a $1m-$1.1m price guide. CoreLogic data shows the property was on the market for three days.

Hodges, Geelong West agent Marcus Falconer said the buyers wanted the position close to the village.

“They saw it in the Geelong Advertiser and came along and bought it,” Mr Falconer said.

“They were a local buyer, a client from Leopold just wanting to be closer to the village and closer to work.”

114 Weller Street, Geelong West, sold for $1.2 million.

Mr Falconer said the Edwardian house was 150m from Pakington Street.

“It’s so close to all the shops. The location was the driver,” he said.

“It was a beautiful period home with a good renovation. It’s what got it across the line.

“It was a good, modern renovation when it was completed and it’s a beautiful family home.”

The Edwardian house retained period features likes stained glass windows, timber dado rails and wall panels, high ceilings and polished timber floors.

114 Weller Street, Geelong West, sold for $1.2 million.

But the modern elements created a modern family home.

Floor-to-ceiling stacker doors and servery windows open to connect the main open-plan living space and kitchen to a north-facing outdoor area.

A huge rear picture window ensures the family room is full of light.

114 Weller Street, Geelong West, sold for $1.2 million.

There are three bedrooms on the main level, with a fourth bedroom, that could double as a home office, upstairs with a separate powder room.

Geelong West house prices have climbed 3.7 per cent in a year to $700,000, Hometrack data shows.

The post Geelong West: Renovated house near Pakington St sells in 3 days appeared first on realestate.com.au.

Steve Smith is set to renovate his Vaucluse home. (Photo by Dan Mullan/Getty Images)

He might be in England hoping to line up with the Australian national team, but meanwhile test cricketer Steve Smith’s newly acquired Vaucluse house is set for an extensive makeover.

The recently lodged plans show the star batsman and wife Dani Willis are seeking to remodel the home they bought four months ago for $6.6 million through Laing & Simmons agent Danny Doff.

MORE: Cleanest and dirtiest homeowners revealed

Buy in Sydney’s exclusive east for just $225k

The home looks stunning as it is.

The home cost $6.6 million just four months ago.

Smith and wife Dani Willis. (Photo by Graham Denholm/Getty Images)

They’re renovating every level of the three-storey home starting with the basement where they will be making the gym bigger.

The ground floor living space is getting a small ­extension, and plenty of nice new stacker doors and windows. They’re opening up the kitchen, which will ­become an open dining room. The kitchen will be moved to run against a wall where there is currently a study, which will become the de rigueur butler’s pantry.

The kitchen will be opened up.

Every level will be renovated.

Its bigger living zone will feature a fireplace and an ­integrated TV set up.

The upstairs accommodation level is being remodelled with its master suite becoming grander. Its walk in wardrobe will have a central island seat. Its ensuite will have a freestanding bath, a shower and dual vanity.

The plans have not been signed off on yet.

The couple had their personal finance adviser, Titan Finance’s Trent Tavoletti lodge the paperwork for the plans by Daniel Sutton’s Precision Planning Building ­Designers. There’s been no Wool­lahra Council sign off just yet.

Smith is to undergo a concussion test before the second one-day international having being sidelined from the first after being hit on the head practising in the nets.

The post Cricketer Steve Smith submits plans to renovate Vaucluse home appeared first on realestate.com.au.