Nationally the property market may have slowed but Brisbane is still on the increase

first_imgNerida Conisbee REA Group Chief Economist said demand still existed for the Brisbane market.WHILE it may not be at the pace many investors would like, Brisbane house values are continuing to slowly move ahead.As price growth begins to slow in other capitals, Brisbane property values are still on the increase – if a little incrementally.The good news though is for renters. With rents continuing to decline, tenants are finally in a position of power to negotiate on rents and conditions.The latest CoreLogic market analysis reveals that in the quarter to the end of July within the Brisbane City Council region, median house prices have increased 0.8 per cent to $665,000 while unit prices have dropped by 0.7 per cent to $444,000. MIGRATION to Queensland highest in years Within the Greater Brisbane area, that is including council regions of Ipswich, Logan, Moreton and Redlands, the median house value rose 0.5 per cent during the September quarter and unit values went up 0.1 per centCoreLogic research analyst Cameron Kusher said while, clearly the market was not particularly strong, houses were significantly outperforming units.REA Group chief economist Nerida Conisbee said buyer demand on realestate.com.au was not too bad in Brisbane.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoShe said the segment of the market feeling the pinch was the investor market which had been affected by restrictions on borrowing.But she said there was some positivity with growing offshore demand, particularly from China, for Brisbane apartments. THE nation buying 8 per cent of new Queensland homes Ms Conisbee said the big winners in the current property market were renters.According to CoreLogic figures, Brisbane’s median asking rent for houses was now $450 a week and for units it was $400 a week.Weekly rents were down 0.1 per cent for the quarter on the back of a series of drops.Ms Conisbee said a drop in asking rents put tenants in the box seat.“It’s great for renters in terms of what they can pay, but also the types of conditions they can negotiate, whether it’s to allow pets in their rental or longer- or shorter-term leases,’’ she said.last_img read more

Home with own motocross track now the hottest in Australia

first_img MORE: Home with side hustle of llamas, pizza yurt A dream view for avid motocross lovers. With 4.19ha on offer, there’s more than enough room to have the gang over. Great spot to lay your head after a long day of jumps.They’ve even had to extend the open home hours to ensure people got a chance to have a look.”“We extended the open home because we’ve been inundated with enquiries. People have called from all over, Northern Territory, outside areas, Brisbane as well as North Queensland,” she said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:25Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:25 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe Misled Compound hits the market01:25 The property is the most viewed in Australia right now. The Misled Compound, a 4.19ha Queensland motocross property, has emerged as the hottest home in Australia right now — and this weekend may be your last chance to see it.Latest data from realestate.com.au showed the property was the most viewed in the country this week, beating out luxury homes in Melbourne, Sydney and even some of the glitziest parts of the Gold Coast.The sprawling 4.19 hectare block was developed into “a world-renowned freestyle motocross track known as The Misled Compound by its owner Karl Sue-See — who put in jump ramps, a half pipe for skateboarders, an inground trampoline and even a foam landing pit for practice jumps. MORE: Owner of home with motocross track says why he did it The foam landing pit for practice jumps.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago MORE: Gold coast mansion sells for $9m MORE: Ink dry on $11.05m mega mansion sale“They’re very interested. It’s all about motocross, It brings so much joy to so many people and if they can do it in their own home at their own leisure, it just does so much for their lifestyle.”The owner was open to offers over $600,000 for the property, which was located just 45 minutes from Brisbane CBD. The outdoor entertainment zone at 104-114 Mona Drive, Jimboomba. You can even catch all the action while chopping up veges for the dip.Ms Griffiths said the right buyer for the home was definitely out there.“I’ve got inspections scheduled for this Saturday. It’s our last open home for the year between 9.30-10.30am and last opportunity to see the home before Christmas.”“At the end of the day it really is about finding the right buyers. I’m sure they are out there. The support has been fantastic.”The home is open for inspection from 9.30am to 10.30am on Saturday December 22. FOLLOW SOPHIE FOSTER ON FACEBOOK It even has an inground trampoline and its own skate ramp.Real estate agent Bridgette Griffiths of Your Address Real Estate Browns Plains — who’s marketing the property at 104-114 Mona Drive, Jimboomba, with colleague Trevor Harding — said they had been inundated with interest in the property.“I’ve got goosebumps,” she said when told it had beaten out luxury contenders for the top spot. “It’s been crazy, we’ve been inundated with enquiries and inspections.”last_img read more