No Comments

Hawthorn East unit sells without inspection or virtual tour

Interstate parents had the agent describe a Hawthorn East unit over the phone before submitting a bid on the property for their Victorian-based daughter.

The buyers secured the two-bedroom apartment at 6/22 Auburn Grove for $660,000 in the whirlwind sale.

The property was advertised with a $610,0000-$670,000 asking price.

“They didn’t even see it – it was really discrete,” Belle Property Balwyn agent George Yu said.

“I got a call on the last day ahead of the lockdown and they said they were very interested in the property.

RELATED: Melbourne stage four: Should you buy property during lockdown?


Melbourne auctions: big results from living room sales during stage four lockdown


Melbourne’s wannabe top suburbs that can save buyers millions

A unit at 6/22 Auburn Grove, Hawthorn East sold after an over-the-phone description.

The buyers wanted to secure a property ahead of stage four lockdown restrictions.

One of two bedrooms in the unit.

“We filled them in — we never did the virtual tour because they never asked,” Mr Yu said. “They asked us to describe the property to them. We sat on the phone for 30 minutes.”

The Perth-based parents scrambled to submit an offer on behalf of their first-home buyer daughter because they “wanted to secure something before the lockdown”, Mr Yu said.

After making an offer at the bottom of the range that was rejected, the family added an extra $50,000 to round out the sale.

The Hawthorn East unit had a balcony.

Not even a virtual tour was needed to close out the deal.

“If they’re nicely located and priced sharply, you’re going to get a sale,” Mr Yu said.

“Am I shocked this one sold so quickly? No. Am I shocked they bought and didn’t see the property? Yes.”

The sale secured an extra $79,000 for the vendors, who purchased the site for $581,000 in July 2019, CoreLogic records show.

They had also completed minor renovations.

Mr Yu also sold a two-bedroom townhouse at 13/916-918 Canterbury Rd, Box Hill South for $640,000 in late July.

A two-bedroom townhouse at 13/916-918 Canterbury Road, Box Hill South sold in late July.

Approximately $30,000 in renovations were done on the Box Hill South property.

The site, which sold for $530,000 in August 2018, gained more interest after a return of stage three restrictions.

“Before stage three, I wasn’t getting many inquiries, after stage three I got much better inquiries because people think it’s a better time to buy,” Mr Yu said.

READ MORE: How to apply for $25K HomeBuilder grant, Victoria


Brighton house built for mayor, hit by cyclone a century ago for sale


Melbourne bridesmaid suburbs where you can save most on rent

jack.boronovskis@news.com.au

@jackboronovskis

The post Hawthorn East unit sells without inspection or virtual tour appeared first on realestate.com.au.

No Comments

Car dealer Laurie Sutton buys Elizabeth Bay’s Berthong

Real Estate

Berthong – Billyard Ave, Elizabeth Bay, NSW

Retired car dealer Laurie Sutton has been revealed as selling a Darling Point mansion for $32m and buying the Elizabeth Bay waterfront trophy home Berthong for even more.

Sutton’s former home is a grand architectural masterpiece of five bedrooms and six glamorous bathrooms and is one of just four homes in exclusive Lindsay Ave, but it wasn’t directly on the waterfront.

But historic Berthong — a historic 1880s villa once owned by Rupert Murdoch and movie star Russell Crowe — has beautiful gardens leading down to the harbour.

MORE:
‘Aussie’ John Symond sells $150m superyacht

Shock result on Coogee house for AFL star

Real Estate

Berthong is right on the waterfront.

Real Estate

What an entrance.

Details emerged in May of Berthong selling earlier in the year, through Ken Jacobs of Christies. At the time, it was thought the deal was close to the asking price of $35m, the highest price for a house for 2020.

It was only when news emerged yesterday that Sutton had sold his Darling Point residence — which records confirm was $32m on March 4, just days after Australia’s first COVID-19 fatality — that sources indicate Sutton was the buyer of Berthong.

Real Estate

Berthong has beautiful gardens.

Real Estate

And amazing views.

The settlement records for 4 Lindsay Ave on August 8 show the buyer to be a Pamela Lee, believed to be the wife of John Borg of Borg Constructions.

The Lindsay Ave home was originally been listed with agent Alison Coopes with a $35m guide more than a year ago, but later withdrawn.

RELATED:
$30m sale to next door neighbour

The Wentworth Courier broke the news of a $30m deal in Bellevue Hill in June, when Shay Lewis Thorp sold to her next door neighbour. That deal was negotiated by Brad Pillinger of Pillinger.

4 Lindsay Ave, Darling Point, has views of the harbour …

… But is landlocked.

Berthong had previously been known as Macleay House and was used as a ladies college until Federation.

In 1936 it was bought by a wealthy music publisher, Frank Albert, who had built the trophy residence Boomerang next door.

The most recent vendor was lawyer Peter Ziegler and his wife Andrea.

The post Car dealer Laurie Sutton buys Elizabeth Bay’s Berthong appeared first on realestate.com.au.

No Comments

From strength to strength, local agents join forces in win for customers

Guide Page 3

Two family real estate businesses have come together, First National McGregor and 4one4 Real Estate. (L-R) John McGregor, Paul Berry (standing), Patrick and Abbey Berry, Julie and Chris McGregor. Picture: LUKE BOWDEN

PATRICK Berry and John McGregor have known each other since kindergarten, went through school together and after school started working for their family businesses.

And now, that friendship has helped bring them back together with the two companies McGregor First National and 4one4 Real Estate becoming one.

John’s father Chris, an industry leader with decades of property market and Real Estate Institute experience, said the wheels started turning on joining the companies about a year ago.

He said the businesses were similar in many ways, dedicated to personalised service and each has a good culture.

Patrick said that they shared similar family-run values such as going that extra mile for a vendor.

“Last week, one of my sales consultants painted a door to make sure a house settled,” he said.

“John has swept water off a vendor’s balcony at 2am after a storm.”

With family, you have to drop everything from time to time, John said, and that way of thinking is ingrained in the culture of our business.

Guide Page 3

Two Hobart family businesses have joined forces, First National McGregor and 4one4 Real Estate. Picture: LUKE BOWDEN

While each company has different approaches to doing the same job – 4one4 is known as a tech-savvy company, McGregor has the breadth of experience – they complement each other.

“The knowledge, history, their approach on how to get things done has been a great addition to the business already,” Patrick said.

John said that the business had a wealth of experience ranging from 17-year-olds just starting out, to Paul Berry and Chris with their decades-long depth of knowledge, which can only be good news for their clients. “I feel like the most exciting bit is being able to use our resources and experiences to adapt to what out clients need and to create an agency that is ‘of today’,” he said.

“From a client perspective, it will be business as usual.”

A point of difference for 4one4 is the goal of providing a one-stop shop.

It has a strata arm, sales, rentals and marketing that is all in house.

The guys also have a podcast together, for fun, and to educate people on the local market.

Real Estate Podcast

The Property Pod. Picture: ROGER LOVELL

COVID has left its mark on every aspect of society and business decisions are not exempt from its influence.

For Patrick and Paul, they took the long view of what would be possible by pushing ahead with the merger.

“There was probably a bit of nervous energy about doing it, but because of the team we were working with, ultimately we were not worried,” Patrick said.

“If we didn’t know the McGregor family as well as we do it might have been different, but for us it was a great opportunity and we wanted to go for it.”

Regardless of the climate, John said, it was still a “solid plan”.

“COVID has effected the greater market, and yet we have still been able to do go numbers, which is a reflection of the hard work we all put it,” he said.

The post From strength to strength, local agents join forces in win for customers appeared first on realestate.com.au.

No Comments

Renovation perfection – 56 Leah St Forestville a massive hit with buyers

56 Leah Street, Forestville. Supplied by Belle Unley

If its opening week is any indication, this Forestville home’s auction is set to be the hottest ticket in town.

Renowned winemaker Rose Kentish and her painter husband Sam Harrison bought their 56 Leah St, Forestville home eight years ago and have since renovated it throughout – its original dated interior now boasting a crisp white colour scheme throughout.

MORE NEWS

Chance to restore a piece of history to its former glory

Where you can buy a house for $80,000

Historic church’s impressive transformation

It’s a renovation that has resonated with buyers, with selling agent John McRostie of Belle Property Unley reportedly inundated with inquiries.

“It hit the market on Thursday and we’ve already had 200 people go through it,” Mr McRostie says.

“It’s staggering – 200 and it’s not been up a week yet.”

Ms Kentish says the home has proved such a hit a nearby business is having to adjust its weekend rostering.

“The cafe down the road has put on extra staff apparently to cater for overflow of people going down and grabbing a coffee and enjoying that local vibe the street has,” she says.

“We’ve been really delighted with the response to the house – she’s a beautiful old villa with great bones and we’ve really honoured the structure of that.”

The home’s lounge room before renovation. Taken from CoreLogic

And now, in all its glory. Supplied by Belle Unley

Ms Kentish says the couple wanted to show their respect for the heritage and history of the home, and not simply transform it into a typical Adelaide renovation of a traditional facade and a modern rear – although it’s new owners have plenty of scope to do just that.

“We’ve done a really slow careful job of looking after what’s already there, in bringing the floorboards back to life and rewiring it all because it’s over 120 years old, and we did all that was required to really take care of it,” she says.

“We’ve done a renovation of the kitchen and created two new bathrooms – we let the old and new come together in a really nice way.

The home’s former kitchen. Taken from CoreLogic

The kitchen today. Supplied by Belle Unley

“It’s on a massive block of about 1000sqm and we ummed and ahhed about building a contemporary family room on the back in the classic Adelaide way, and we decided against it in the end.”

For the couple, what’s outside is just as exciting to them as what the home offers internally.

“We’ve absolutely loved it for the past eight years, and before us it was in a family for about 50 years, and it was a Greek family who did an extraordinary job in establishing about 20 fruit trees, from olives to oranges, mandarins, lemons, plums – it’s really a prolific fruiting garden and we’ve pressed our own oil and squeezed our own juice and put in a productive veggie garden,” she says.

“It’s got a lot going on in terms of making it someone’s substantial family home.”

And its location, she says, is incredible.

“Forestville’s tiny, but it’s such a nice little inner city hub and now someone else gets to enjoy it,” Ms Kentish says.

“We’re a bit sad about leaving, because we’ve really absolutely loved it.”

The light and bright home has three bedrooms – the master suite with an ensuite with a large shower, a toilet and a vanity unit. The two remaining bedrooms both have fireplaces, and one of these also has a built-in robe and an airconditioner.

A spacious lounge sits at the front of the home and has a stunning feature window with leadlighting.

One of the home’s original bedrooms. Taken from CoreLogic

That same bedroom today. Supplied by Belle Unley

The kitchen and dining room sits at the rear, adjacent the luxurious family bathroom with a feature bath, a shower and a toilet, while the kitchen features stainless steel appliances, ample cupboard and bench space and two walk-in pantries.

The home is surrounded by garden beds and green space and has both a carport and a garage, and a long concrete driveway for further off-street parking.

56 Leah Street, Forestville. Supplied by Belle Unley

Mr McRostie says the property, which has an auction price guide of $900,000, was a hit for a number of reasons.

“It’s because there’s not a lot of stock around, and it’s a good solid original villa in very good condition inside,” Mr McRostie says.

“It’s what everyone’s looking for in that it doesn’t have the extension on it so you can do it yourselves, but the bathrooms are great in that you could move in and live there right now.

“There’s still scope to change how the kitchen is, the cellar is and the family room too if you want.

The rear yard prior to Ms Kentish and Mr Harrison buying it. Taken from CoreLogic

The tidy blank canvas it presents now. Supplied by Belle Unley

Plus there’s a handy veggie area at the side. Supplied by Belle Unley

“There’s plenty of room for a pool, four car garaging, whatever you want – it’s 1000sqm.

“It’s minutes to the city, has a terrific little cafe a couple of doors down and you can easily walk down to the vibrant Goodwood Rd.”

Mr McRostie expects the auction to go gangbusters.

“There are offers, but we’re taking it to auction – there’ll be strong interest in it at auction.

“This weekend will be big again, no question, because there are parties interested, people having second looks and definitely people getting building inspections.

Agent: Belle Property Unley, John McRostie 0411 221 893, Brandon O’Connell 0433 102 455.

Land size: 1023sqm.

Auction: Saturday, August 29 at 2pm

The post Renovation perfection – 56 Leah St Forestville a massive hit with buyers appeared first on realestate.com.au.

No Comments

New playground at Helensvale complete with interactive bike track

FAMILIES have another playground to enjoy in Helensvale following the opening of Celadon Park at The Surrounds.

Villawood Properties celebrated the official opening last week, adding 2674 sqm of green space and state-of-the-art amenity to the growing Helensvale community.

Families have another playground to enjoy in Helensvale following the opening of Celadon Park at The Surrounds.

A collaborative design by SMEC and Will Play, the anticipated addition is kitted out with the latest multi-age and all-ability play equipment including a spinner, orb climb and spinning seesaw.

An interactive bike track designed to help children learn to how ride a bike is another feature.

Celadon Park at The Surrounds in Helensvale is officially open for play.

Villawood Properties state development manager Michael Williams said the recent global pandemic had seen increased importance placed on living spaces that prioritise high-quality amenity with connectivity to the outdoors.

“Australians now more than ever understand the importance of residing in residential communities that provide wide-open spaces, well designed parks and recreational amenities,” said Mr Williams.

“Celadon Park represents the fourth local recreation area within The Surrounds, all of which have distinct offerings for the community to enjoy.”

Kids can enjoy the interactive bike track.

On completion The Surrounds will feature 23.39ha of parks and green space.

“Over 30 per cent of the community has been retained as dedicated green space, with extensive walking trails linking the entire site,” Mr Williams said.

“This means every resident is less than 200m from green space.”

In addition to extensive park areas, residents have access to shared amenities including a leisure centre with a lap pool, kid’s pool, a multipurpose room, gym and cafe.

The post New playground at Helensvale complete with interactive bike track appeared first on realestate.com.au.

No Comments

Art adviser Justin Miller sells historic Bowral weekender

Supplied Editorial The owner of art gallery Justin Miller has sold his historic Bowral
 weekender, Kowana. https://www.dijones.com.au/property/house-nsw-bowral-1p28084/

Justin Miller has sold his historic Bowral weekender.

Art adviser Justin Miller has sold his historic Bowral weekender, Kowana, which had $3.75m hopes.

The 1870s cottage, with about 200 sqm of internal space, sits on an elevated 7955 sqm just outside the town. There are Canadian redwood walls and New Zealand kauri pine floors at the cottage, which was built for Randolph Nott, the architect who became a Macquarie Street politician and building society pioneer.

MORE: Roosters coach Robinson snaps up $4m semi

Kings boss takes up Bellevue Hill bolthole

Bella Dinner

Justin Miller with Jennifer Byrne. (AAP IMAGE/Chris Pavlich)

Supplied Editorial The owner of art gallery Justin Miller has sold his historic Bowral
 weekender, Kowana. https://www.dijones.com.au/property/house-nsw-bowral-1p28084/

The gorgeous English-style garden.

Set in the historic Notts Hill precinct, its English-style garden dates back to the 1930s when planted by Altona James, wife of the one-time Point Piper domiciled judge Augustus James.

It was retained by the family until 1962 when sold by Bruce Ryrie and his wife, Altona.

The house traded at $265,000 in 1987 and then sold for $660,000 in 1997 by international record producer Mark Opitz and his wife Vanessa, who hosted visitors including Helena Christensen and Michael Hutchence.

Supplied Editorial The owner of art gallery Justin Miller has sold his historic Bowral
 weekender, Kowana. https://www.dijones.com.au/property/house-nsw-bowral-1p28084/

There were major renovations completed in 2016.

Supplied Editorial The owner of art gallery Justin Miller has sold his historic Bowral
 weekender, Kowana. https://www.dijones.com.au/property/house-nsw-bowral-1p28084/

There are Canadian redwood walls and New Zealand kauri pine floors at the cottage.

There were $40,000 worth of renovations approved in 2016 after it was bought by the art doyen for $1.75m in 2015.

Miller advises private and corporate collectors on the purchase and sale of their 19th and 20th century art. He has almost 30 years’ experience in the fine art auction industry and is best known for his 11 years as chairman of Sotheby’s Australia from 1999 to 2010.

Kowana, which was sold by local agent Michael Cawthorn, is close to Kevin Ryan’s luxury 17-hectare retirement village site, Waterbrook Bowral

The post Art adviser Justin Miller sells historic Bowral weekender appeared first on realestate.com.au.

No Comments

Life will be sweet in this flexible home with studio and self-contained wing

472 Tinderbox Road, Tinderbox. Harcourts.

472 Tinderbox Road, Tinderbox. Picture: SUPPLIED

TINDERBOX tranquillity is the order of the day at this almost 2ha property.

Step inside this charming and comfortable family home and you’ll find it’s perfect for the extended family.

Well presented and proportioned to suit family living, this character home will bring a smile to your face as it impresses from every angle.

An excellent bonus feature is the property’s two-bedroom self-contained wing and the studio.

Plus it has a gigantic 232sq m four-car garage/workshop with an office and a double carport.

This lifestyle property has a wonderful back yard that boasts an alfresco entertainment area.

At the front of the home an interconnecting deck is highlighted by a sunken spa and has direct access to a luxurious indoor saltwater pool.

472 Tinderbox Road, Tinderbox. Harcourts.

A leafy location.

472 Tinderbox Road, Tinderbox. Harcourts.

Sophisticated and sleek.

Make a splash.

Overlooking the property’s pastures out to North West Bay and the surrounding land is a view that the owner will never tire of.

The gently sloping land would suit sheep, ponies or alpacas.

While it has a country vibe with so much space, this premium property is on town water.

There is a 8m x 4m storage shed, a cat enclosure, chicken coup, alpaca shed, wood shed, garden shed and three water-saving tanks.

The large dam has a pump for an irrigation system.

A vegetable enclosure and greenhouse will be family friendly for those that love to grow their own produce.

The studio offers open-plan living, a choice of two bedrooms, one with a built-in wardrobe. It also has a bathroom and toilet.

472 Tinderbox Road, Tinderbox. Harcourts.

Light, bright and toasty warm.

472 Tinderbox Road, Tinderbox. Harcourts.

Walk-in shower.

Like the rest of the property, the self-contained wing is spacious with an open-plan living, kitchen and dining area.

It has a Daiken heat pump and a panel heater in each bedroom, plus fully insulated walls and ceilings, and double glazing.

The modern, well-proportioned kitchen has loads of storage.

Alongside two bedrooms with built-ins, there is a luxurious bathroom with underfloor heating.

A highlight in the main residence is the semi-open-plan living room with raked ceilings and polished timber floors.

Abundant heating options include wood, a heat pump, gas and panel heaters.

472 Tinderbox Road, Tinderbox. Harcourts.

Wraparound decking.

472 Tinderbox Road, Tinderbox. Harcourts.

Plenty of space.

This part of the property features a generous kitchen and modern appliances with excellent storage and benchspace.

There are three bedrooms with built-in wardrobes, an ensuite and a bathroom with a separate tub.

The main residence has internal access to the solar heated saltwater swimming pool and there are 7.5kW of solar panels.

No.472 Tinderbox Road, Tinderbox is listed with Harcourts Kingborough and priced at “Offers over $1.29 million”.

The post Life will be sweet in this flexible home with studio and self-contained wing appeared first on realestate.com.au.

No Comments

Madame Butterfly Susie O’Neill is selling her riverfront home

Olympic swimmer Susie ONeill and Ray White New Farm agent Christine Rudolph at the home Ms O’Neill is selling at 401 Brisbane Corso, Yeronga.

Australian swimming legend Susie O’Neill is selling her family’s riverfront Brisbane home of almost 19 years.

It’s a reluctant move for the elite swimmer and eight-time Olympic medallist, who fondly remembers raising her two teenage children and celebrating many milestones in the Yeronga property.

Ms O’Neill bought the two-level, five-bedroom, three-bathroom house at 401 Brisbane Corso with her medico husband Cliff Fairley, an ophthalmologist, in 2001, and still remembers the day she first saw it.

Former Olympic swimmer Susie O’Neill is selling this house at 401 Brisbane Corso, Yeronga.

“I remember it was a feeling,” Ms O’Neill said.

“When we walked in, it was like; ‘Oh, wow!’.

“It is going to be emotional selling it.”

Ms O’Neill said the decision to move to another part of Brisbane was based purely on convenience for their two children to get to school and to accommodate her parents.

The property has a number of incredible features, but the one she will miss the most is the view.

“Whenever I walked in that front door, that view just blew me away,” Ms O’Neill said.

“I never took that view for grateful.”

The modern kitchen in the architecturally designed home.

Ms O’Neill said she loved sitting on her beanbag in the lounge room and watching the rowers go by.

“We have loved this house since we bought it,” she said.

“This is where we had our children and we love the river and all that goes on there. We especially like seeing the rowers in the mornings.

“It truly is a great house; ideal for families and entertaining.”

Susie O’Neill says she will miss watching the rowers go past her riverfront home.

Marketing agent Christine Rudolph of Ray White New Farm said the Brisbane Corso was renowned as one of Brisbane’s best streets, and the property offered a “golden opportunity” for buyers.

Designed by architect Harry Poulos and renovated as recently as last year, the private, 875 sqm north-facing property offers the perfect river aspect.

Susie O’Neill’s backyard at her home at 401 Brisbane Corso, Yeronga.

“The home has the perfect north-facing aspect across the water to the leafy bank

beyond,” Ms Rudolph said.

“Yeronga is just 7km from the CBD, and a truly hidden pocket as you only get locals

driving here.“

The home comes with a special pool designed for elite swimmers like Susie O’Neill, where you can set it to swim or run against a current.

Famously nicknamed ‘Madame Butterfly’ for her expertise at the swimming stroke of the same name, O’Neill is better known these days as a co-host of Brisbane’s Nova 106.9 breakfast radio show with Ash, Kip and Luttsy.

Ms O’Neill said one of the home’s unique selling points was the heated pool, where you could train like a professional athlete.

This home at 401 Brisbane Corso, Yeronga, is for sale.

The Elite Fastlane pool is one of only two in Australia.

“I was in the Australian team for 12 years, but I have been a swimmer for 20 years of my

life,” Ms O’Neill said.

The Elite Fastlane pool overlooks the Brisbane River.

“What I love about the Fastlane pool is the convenience of it. I can use it as a normal pool and jump in and cool off, or, I can use it to exercise by swimming against the current.

“You can also run against the current and our kids have a lot of fun with it, on the

kneeboard.”

The open-plan living, kitchen and dining area offers stunning views of the Brisbane River.

Ms O’Neill said she still considers swimming a great form of relaxation.

“Even 15 minutes in the pool at the end of the day is great, but I am not going to drive all the way to a 50m pool to do that, so it’s very special.”

The property is scheduled for auction with Ray White New Farm next month.

The home at 401 Brisbane Corso, Yeronga, offers a peaceful outlook.

The post Madame Butterfly Susie O’Neill is selling her riverfront home appeared first on realestate.com.au.

No Comments

Happiness rising as sellers get higher prices than expected

Building site

In metropolitan areas of Queensland, it’s been a nice steady growth in happiness among sellers, the survey found. Picture: Jodie Richter

Queensland has escaped the worst impacts of COVID-19 on the real estate market, with the pandemic having a smaller impact than fallout from the Banking Royal Commission and the 2019 Federal Election, a new survey found.

MORE: Clive Palmer buying out the neighbours

Best on Show’s big winners

Why cashed-up buyers are going rural

‘It’s taken a pandemic’ but 43pc ready to ditch home loans now

A whopping 39 per cent of home sellers in Brisbane got a higher price than what they expected at sale time, according to the latest price expectation report from real estate agent ratings site, RateMyAgent.

The survey of more than 33,000 Australians, tracked sentiment in the Australian property market, as well as seller satisfaction for the first half of 2020.

South East Queensland was home to the majority of Queensland’s happiest home sellers – with nine of the top ten happiest areas hailing from the region.

9/1263-1265 Gold Coast Highway, Palm Beach, is on the market for offers over $650,000.

Brisbane and Moreton Bay led with the highest proportion of sellers who got higher prices than they expected (39 per cent), followed by Scenic Rim and Redland (38 per cent), Logan (35 per cent), Sunshine Coast and Gold Coast (32 per cent), Fraser Coast (28 per cent), Lockyer Valley (27 per cent) and Ipswich (23 per cent).

Queensland’s Top 10 Happiest Areas:

Brisbane (39% net above)

Moreton Bay (39% net above)

Scenic Rim (38% net above)

Redland (38% net above)

Logan (35% net above)

Sunshine Coast (32% net above)

Gold Coast (32% net above)

Fraser Coast (28% net above)

Lockyer Valley (27% net above)

Ipswich (23% net above)

(Source: RateMyAgent)

RateMyAgent CEO and co-founder Mark Armstrong said vendor happiness in Queensland had bounced back during the COVID-19 second quarter, defying doom and gloom predictions.

“What we’ve seen in the June quarter is an astounding turnaround in market confidence – after the initial shock in April wore off, consumer optimism is on the way back up and this is highlighted in our newest Price Expectation Report.”

He said the survey found that the banking royal commission and the election in 2019 had a significantly more negative impact on vendor happiness than COVID-19 has had.

“Over the last two years, supply has dropped around 30 to 35 per cent. So what happened with COVID-19 is in April everyone just froze. It was the height of uncertainty. People who were considering selling just left the market, and yet there was still buyer demand moving through the market. We saw a slight increase in vendor happiness in June and that was driven by that lack of supply.”

“In metropolitan areas of Queensland, it’s been a nice steady growth in happiness since we saw it bottom out in 2018. Brisbane took a little dip in April because of that COVID-19 uncertainty but it found its feet again. Everyone thought COVID-19 was going to potentially decimate the property market but it hasn’t. Everyone realises that life goes on.”

He said Queensland’s handling of the COVID-19 pandemic was playing out well for the property market here.

“The migration from Victoria and New South Wales is always reasonably strong in southern Queensland and maybe this will accelerate it or put a bit of upward pressure on it,” he said.

“What’s shown during this pandemic is more densely populated areas run a higher risk of these pandemics. Queensland is such an enormous state with less people than Victoria and New South Wales. If people get hung up on the pandemic, a place like Queensland with so much room certainly augurs well for them.”

“There’s still a reasonably high level of confidence in the market.”

FOLLOW SOPHIE FOSTER ON FACEBOOK

The post Happiness rising as sellers get higher prices than expected appeared first on realestate.com.au.

No Comments

Renovated Geelong waterfront house a magnet for downsizers

The pint-sized house in Geelong’s waterfront precinct offers more space than meets the eye.

Multiple buyers chasing a downsizer on Geelong’s waterfront made a grab for a renovated parkside house with bay views.

The three-bedroom character home at 144 Corio Street, Geelong sold for $1.325m after attracting about 70 groups during the campaign.

McGrath, Geelong agent Jim Cross said three or four buyers were in the hunt for the two-storey residence that was much bigger than it appeared.

RELATED:
Anakie mud brick bush haven on the market

Penthouse perks await on Geelong waterfront

Geelong West cordial factory renovation hits sweet spot

The new owner will enjoy views across the park to Corio Bay.

“It was the ideal downsizer for someone that wanted to downsize but didn’t want to move into an apartment lifestyle,” Mr Cross said.

“It’s still a house on its own title, with rear lane access.

“In some ways it’s the perfect location because you have a bay view but you are set back from Eastern Beach Road so it’s quieter.”

The main living room faces the park.

The best of the city is on your doorstep.

He said the vendors had done a meticulous job renovating the weatherboard house from the ground up.

An open-plan living zone at the front of the ground floor makes the most of the bay views to the north while a rumpus room, with a kitchenette and video projection system, provides a second living space upstairs.

The property comes with a double carport, separate storage garage and raised vegetable garden beds.

Both bathrooms have been renovated with floor-to-ceiling tiles.

The property has a kid and pet-friendly backyard.

“It was beautifully presented and meticulously renovated,” Mr Cross said.

“The home was actually bigger than it looked from the front.”

The post Renovated Geelong waterfront house a magnet for downsizers appeared first on realestate.com.au.