PROPERTYMASH.COM the place to search for new property
The new
BRISBANE
EXPLORE THE CHANGING FACE OF OUR CITY
5
of the most ENVIRONMENTALLY FRIENDLY PROJECTS
MANLY VS REDCLIFFE
THE BATTLE BAYSIDES
OF THE
Queensland's only dedicated new property magazine AUTUMN EDITION 2019
4 4 3 QUEEN STREE T ON BRISBANE RIVER PROPERTYMASH.COM the place to search for new property
PAGEX
DISCOVER
PURE
WAT E R F R O N T
LUXURY
SCARBOROUGH’S FINEST
LUXURY WATERFRONT RESIDENCES NOW SELLING
FROM
$ 1 ,1 5 8 , 8 0 0
The ultimate waterfront address with modern lines, sweeping curves and beautiful colour tones, The Vue Scarborough is set to become a new landmark in the heart of Queensland’s beautiful Moreton Bay Peninsula.
CONSTRUCTION HAS COMMENCED & SELLING FAST COMPLETION MAY 2019
4 Spacious 3 Bedroom, 3 Bathroom luxury apartments from 246sqm 4 Complete automation with touch screen pad and app for your phone complete with 65” smart TV in loungeroom 4 Large butler’s pantry & gourmet kitchen with SMEG fridge 4 Large media/cinema room complete with cabinetry and 70” smart TV 4 Office/study to each apartment with built in desk and cabinetry 4 Large internal laundry with stone benchtops & cabinetry, complete with SMEG washer and dryer 4 Entertainer’s balconies with built-in BBQs 4 Secure basement car parking with 2 spaces per apartment
VISIT THE NEW DISPLAY & SALES OFFICE 103 Sutton St, Redcliffe Qld 4020 CONTACT CAMERON : 0497 812 308
REGISTER NOW: thevuescarborough.com
cameron@cpqld.com.au I www.thevuescarborough.com
400+ NEW AND OFF-THE-PLAN
PROJECTS
ON ONE SITE Find new apartments, new townhouses and new land in QUEENSLAND AND THE AUSTRALIAN CAPITAL TERRITORY • • • •
D e ta i l ed in fo r m a t io n o n every project I n d e p en d en t r eviews b y journalists C on s tr u c t io n p h o t o s an d updates M a r k e t in s ig h t s
Don't want to miss the next editioN? Subscribe to the print magazine now for $40 a year!
PROPERTYMASH.COM/MAGAZINE
AU T U M N
ON THE COVER
2019
443 QUEEN STREET LEVEL 3, 443 QUEEN STREET CONTACT 1300 000 443
10 TOP 5 ENVIRONMENTALLY FRIENDLY DEVELOPMENTS
From energy efficiency to solar panels, we take a look at the most outstanding environmentally-friendly projects.
12 READY TO MOVE INTO NOW Don’t want to wait for an off-the-plan apartment? Here are five properties you can move into today.
10
14 AUSTRALIA’S HOTTEST PROPERTY MARKET: CANBERRA W ith Canberra set to be one of the hottest property markets of 2019, see what all the fuss is about in the ACT.
22 PROPERTY REVIEWS: GOLD COAST Two of the hottest off-the-plan projects on the Gold Coast reviewed by PropertyMash journalists.
26 THE INFRASTRUCTURE BOOM HITTING BRISBANE
12
Within the next five years, major infrastructure will transform the Brisbane CBD — we look at how.
27 EVOLUTION OF THE GOLD COAST SKYLINE Get nostalgic and take a look back at the Gold Coast of the 1970s, reflecting on just how far the Glitter Strip has come.
30 PROPERTY REVIEWS: BRISBANE Check out reviews of our favourite new developments available to buy now in Brisbane and surrounds.
33 BATTLE OF THE BAYSIDES
Manly and Redcliffe both sit on beautiful Moreton Bay, but which bayside suburb suits your lifestyle best?
39 PROPERTY REVIEWS: SUNSHINE COAST There’s a lot happening on the Sunshine Coast and these two properties are really changing the game.
41 WHAT DOES $1 MILLION BUY YOU IN 10 CITIES AROUND THE WORLD London to Dubai, Sydney to New York — see what $1 million will buy you in these global property markets.
PAGE X
PROPERTYMASH.COM the place to search for new property
26
41 Want more? FIND US ONLINE!
SEARCH 400+ INDEPENDENT REVIEWS FOR NEW PROPERTIES IN QUEENSLAND AND NOW THE AUSTRALIAN CAPITAL TERRITORY. Advertising deadline for WINTER 2019: 3 June 2019. PUBLISHER’S INDEMNITY: Those who make advertising placement and/or supply copy material or editorial submissions to PropertyMash undertake to ensure that all such material does not infringe any copyright, trademark, defamation, libel, slander or title, breach of confidence, does not contain anything obscene or indecent, or does not infringe the Trade Practices Act or other laws, regulations or statutes. Editorial content should not be relied upon by you or any other person and we recommend that you seek professional advice before acting on the content. All content in this publication is copyright. For reproduction or use of PropertyMash copyright material written permission must be obtained directly from PropertyMash or the relevant copyright owner. All property information, including prices, are accurate to the best of our knowledge but we make no representation as to their correctness. Prices change regularly and errors may have occurred in this publication. You must not rely on this information and you must verify this yourself prior to using this information for any reason, including purchasing property.
Opulent LIVING AMONGST THE STARS PENTHOUSES & SUBPENTHOUSES COMING SOON Introducing the platinum residences crowning Brisbane’s tallest residential tower, complete with the highest infinity pool in Australia. This is a world of glamour which has to be seen to be believed. For enquiries or visiting the display suite, please contact Daniel Zhou 0422 405 838
Billbergia Group
PROPERTYMASH.COM the place to search for new property
PAGEX
18
24
MEET THE TEAM
A note from our founder’s desk...
SUBURB PROFILE REDCLIFFE PENINSULA
Founder Cameron Black Senior Journalist & Designer Jade Horrobin Journalist Inais Black Business Development Manager Dylan Carey
EDITORIAL ENQUIRIES editorial@propertymash.com 07 3177 0406
ADVERTISING ENQUIRIES dcarey@propertymash.com 07 3177 0505
FOLLOW US TO KEEP UP WITH THE LATEST IN OFF-THE-PLAN PROPERTY NEWS!
@PROPERTYMASH
PAGE 6
PROPERTYMASH.COM the place to search for new property
36
SUBURB PROFILE COOLUM BEACH
SUBURB PROFILE PALM BEACH
It’s been a big year so far for PropertyMash, and there are still so many exciting things to come. While we’re still first and foremost Queensland’s only dedicated new property magazine and portal, we thought it was time to glance further afield too. On our website, you’ll see we’ve expanded to include off-the-plan apartments as well as new house and land estates in Queensland’s regional areas. With upswing property markets in Bundaberg, Rockhampton and Cairns, there’s plenty of exciting news and projects popping up all across this great state of ours. For those looking down south, we’ve also extended our reach into one of Australia’s hottest markets: Canberra. Check out the latest from the ACT on page 14. This edition, we turn our focus towards the planet and examine exactly what it means for new developments to be “environmentally friendly”. We take a look at the most common rating systems (page 9) and showcase the top five environmentally-friendly projects in Brisbane (page 10). We also take a walk down memory lane to the Gold Coast of the 1970s. I don’t know about you, but I would loved to have snapped up a beachfront block for $65,000 on Albatross Avenue in Mermaid Beach, which is now worth around $4 million — too bad it’s no longer 1978. Check out the photos on page 28 to see just how much the Gold Coast has evolved in the last 40 years. We really hope you enjoy our Autumn 2019 magazine!
Cameron
Black
Developer :
SGX Mainboard Listed
Architectďźš
Marketing agencies:
Australia Property Consultant
PROPERTYMASH.COM the place to search for new property
PAGEX
PROPERTYMASH.COM the place to search for new property
With new projects and news articles uploaded to our site daily, PropertyMash.com is your place to search for new and off-the-plan property.
MORE THAN FOUR TIMES THE NEW PROPERTIES THAN ANY OTHER WEBSITE.
READ IT ONLINE BREAKING NEWS
INDEPENDENT PROPERTY REVIEWS Park Central One
SUBURB PROFILES
MARKET OVERVIEWS CONSTRUCTION UPDATES
EXCLUSIVE OFFERS
Brisbane Skytower
PAGE 8
PROPERTYMASH.COM the place to search for new property
GOING GREEN
Your guide to buying environmentally friendly If you are concerned about our environment you can buy an eco-friendly car, you can offset your carbon emissions when you fly and even choose renewable electricity, but what about if you want to buy an eco-friendly property? Commercial property has been providing environmental ratings for new developments for a number of years, but the residential property industry has been slow to adopt recognisable standards. Thankfully, a number of competing standards are now developing which you can use to determine if the property you are buying is environmentally friendly.
ENVIRODEVELOPMENT LEAVES The most common ranking system for residential developments in Australia is the Urban Development Institute of Australia’s (UDIA’s) EnviroDevelopment Leaf rating. The scientifically-based rating system independently reviews each project and awards up to six leaves for outstanding performance in four or more of the categories: ecosystems, waste, energy, materials, water and community. A leaf for Ecosystems means a development has made efforts (and mostly succeeded) to protect and enhance existing ecosystems and rehabilitate natural vegetation sites. A Waste leaf means resources have been used efficiently and reduced the volume of waste sent to landfill. An Energy leaf indicates a project has gone above and beyond government requirements and reduced greenhouse gas emissions by a further 20 percent. A Materials leaf is awarded when at least 20 percent recycled, renewable, or low lifetime carbon-emission materials are used throughout the project. The blue Water leaf is allocated to developments that reduce drinking water usage by a further 20 percent compared to minimum regulatory compliance for the area and a Community leaf highlights efforts in creating safe, cohesive and vibrant communities.
Of course, the more leaves, the more environmentally friendly the development is: a 6-leaf rating, as you can see, is difficult to get, but is rightly highlighted by the developers when it is achieved.
LAI OR GPR LAI (standing for Leaf Area Index) or GPR (Green Plot Ratio) ratings are often used internationally as rating systems for apartment developments. Less frequently used in Australia, LAI or GPR ratings often pop up on internationally-recognised developments generally in the capital cities. These two rating systems are very similar — in fact, the Green Plot Ratio is actually the average LAI for a site. The Leaf Area Index measures the health of natural ecosystems, so the Green Plot Ratio provides a number to measure the amount of greenery on a development site.
NABERS RATING NABERS is a rating system commonly used in commercial property in Australia, and can be used for residential property but has been slow to be adopted. NABERS is the acronym for the National Australian Built Environment Rating System, which is essentially designed to be a star-rating system for buildings. A NABERS rating will be based on an assessment of the common areas in a development, including energy and water consumption.
So, what does this mean for you, the buyer? There is a small but rapidly growing sector of the property development community who are actively designing and building new projects that are eco-friendly. Just like all green initiatives, the power lies with the buyers. Making environmental efficiency a priority for your new home will help these initiatives become vital considerations for developers, leading to a greener, more sustainable future for the entire industry. If you visit the PropertyMash.com website you will find a full ranking list of eco-friendly properties, helping to save the environment and your back pocket at the same time. What to look for:
PROPERTYMASH.COM the place to search for new property
PAGE 9
5
THE TOP ENVIRONMENTALLY-FRIENDLY developments
Greenwashing: it’s a problem in the property industry. You know the places. They say they’re eco-friendly because there’s an option to include LED lights, all the while they are ploughing down trees and letting storm water run off into the nearest river. If you’re looking to move somewhere where you’re really helping the environment, then we have you covered. These are the top five most environmentally-friendly developments in Queensland, included for the work they’re doing to improve the environment around them, the innovations that help residents keep costs down and look after Mother Nature, and their ongoing commitment to keeping it green.
443 QUEEN STREET
443 Queen Street is a standout eco-friendly development. Its exterior will be aesthetically pleasing, with the integration of large amounts of greenery throughout the design, but more importantly, the entire building is designed to ensure that every part is environmentally friendly. 443 Queen Street will be the first building in Australia to achieve a Green Plot Ratio (GPR) of 197 percent. The apartments are all designed to facilitate cross-flow ventilation through the breathable facade, as are the lobbies, foyers and car parks, which are not sealed spaces (saving a massive amount of energy). There are gardens located on every floor which in conjunction with the natural daylight and air, will help reduce total energy consumption by up to 60 percent. There are 264 apartments at 443 Queen Street of between one and four bedrooms. Construction has now commenced, with completion due in late 2020. Prices start from $725,000 for a one bedroom.
Drift is well-known developer Mosaic’s newest entry into the Sunshine Coast apartment market. The 56-apartment project has received all six Envirodevelopment leaves for a number of reasons. The ‘Energy’ leaf was given for the inclusion of LED lighting — which has been shown to be 80 percent more energy efficient than traditional lighting options like incandescent and fluorescent lights — and the use of solar panels to power the common areas, which includes the pool, wine cellar, car park and recreation area. Drift was awarded the ‘Water’ leaf for the inclusion of shower and tap head designs that limit water consumption to less than six litres per minute. The apartments are all designed to be low maintenance. Drift features two and three-bedroom apartments, with prices starting at $545,000. Construction is currently underway and is expected to be complete by November 2019.
PAGE 10
PROPERTYMASH.COM the place to search for new property
DRIFT
RENOVARÉ Harmony Estate has achieved all six Envirodevelopment leaves by ensuring that almost every aspect of the estate helps the environment in some way. The Sunshine Coast house and land development will deliver 4,800 homes once complete, with 100 hectares of the total 378 dedicated to open space. The house designs on almost 70 percent of the lots throughout the development have been oriented to maximise the amount of sun (and therefore solar energy) that can be collected, whilst the storm water management system that runs throughout the entire estate is designed to minimise the environmental impact of storm water run-off.
Renovaré is a townhouse and apartment development located in Yeronga. The five-stage development has five UDIA Envirodevelopment leaves, and the ‘Community’ leaf was given to the development for the central recreational area all residents can access, with a pool and barbecue, community centre and garden, gym, and function spaces. The donation of 3,439 square metres of space to the local community (which is 20 percent of the total development) was another reason this leaf was granted to Renovaré. The ‘Ecosystems’ leaf was given to Renovaré due to its inclusion of the community garden, providing 20 percent extra green spaces for residents, making sure that all replanting was 90 percent Australian flora (with fast and slow growing species), and providing a storm water management plan. The latest stage of Renovaré is Arboreti, which is currently under construction. The one, two, three, four and five-bedroom apartments are selling now, with prices starting from $409,000.
HARMONY
Harmony was actually the first master-planned estate in South-East Queensland to receive accreditation for all six leaves. Lots range in size from 250 to 505 square metres, with prices starting at $228,500. House and land packages start at $402,448, whilst the new terrace homes are priced from $389,900.
MINNIPPI
Minnippi is a large house and land estate located in Cannon Hill that has been over 20 years in the making. The main feature of the massive estate is the golf course which will be the first to be built in Brisbane in 70 years. Once complete, there will be over 110 hectares of green spaces for residents and the public to access, which includes the aforementioned golf course, along with parklands, playgrounds, natural corridors as well as a lake/lagoon and tidal creek. The developer, Urbex, received an Environmental Excellence award at the 2018 UDIA Queensland Awards Night. Judges loved the 110 hectares of open spaces, along with planting of 80,000 native plants (to date), the removal of 30 hectares of lantana and other invasive weed species throughout the part of the estate that is currently under development. The installation of nest boxes, fauna poles and monitoring cameras to protect the resident Squirrel Glider colony (which, once the development is complete, will have a habitat area that has doubled) was also a key factor. Land is priced from $250,000, with individual house and land packages available on request.
PROPERTYMASH.COM the place to search for new property
PAGE 11
NE W PROPERTIES
READY TO MOVE INTO NOW When it comes to buying off-the-plan property, the most frustrating thing can be playing the waiting game. The excitement that comes with buying a brand new pad can be drawn out for several months, and sometimes even a few years, before you get to move in.
HANLON PARK RESIDENCES 72 Lincoln Street, Greenslopes 0406 992 320
RENOVARÉ 172 Venner Road, Yeronga 07 3630 4570
COMPLETED IN APRIL 2019
COMPLETED IN SEPTEMBER 2018
One, two and three-bedroom apartments from $385,000.
One, two and three-bedroom apartments from $389,000.
Buying off-the-plan certainly has its benefits. If you purchase before construction even begins, many features of your new apartment or townhouse are likely to be completely customisable, giving you the rare opportunity to create your dream property from the ground up. Not to mention that once you move in, the whole residence is brand-spanking-new and has never been lived in. Pedantic about coasters on your benchtops? No water stains from the previous owners to deal with! No random hooks hanging from the ceiling! No sloppily repainted walls after the previous owner’s toddler decided to make the hallway a canvas. All those annoyances are a thing of the past when you move into a brand-new property. That said, the time between finalising your contract and settlement date can be lengthy. Having no confirmed move-in date can make managing your existing housing difficult, especially if you’re renting or coordinating the sale of your current property. That’s where these properties come to the rescue. These five properties, across Brisbane, the Gold Coast and the Sunshine Coast are perfect for buyers who are craving that ‘brand-new’ feeling, but aren’t too fussy about customisations. For those who are too excited and too impatient to wait, all of these properties are ready to move into right now.
PAGE 12
PROPERTYMASH.COM the place to search for new property
VUE TERRACE HOMES 1 East Lane, Robina 07 5582 1888
Two level, three-bedroom terrace homes from $599,000.
COMPLETED IN MARCH 2019
BRISBANE SKYTOWER 222 Margaret St, Brisbane City 0422 405 838 One, two, three and four-bedroom apartments from $492,000.
COMPLETED IN MARCH 2019
IVY + EVE 22 Merivale Street, South Brisbane 0409 186 845 One, two and three-bedroom apartments from $399,000.
COMPLETED IN JANUARY 2018
OTTO MERMAID BEACH 1 Bondi Avenue, Mermaid Beach 1800 959 790 Two and three-bedroom apartments from $539,900.
COMPLETED IN FEBRUARY 2019
ILLUMINA 48 Jephson Street, Toowong 1800 865 483 One, two and three-bedroom apartments from $389,000.
COMPLETED IN SEPTEMBER 2018
THE HANSFORD RESIDENCES 4A Hansford Road, Coombabah 1800 998 297 Three and four-bedroom townhouses from $449,000.
COMPLETED IN JANUARY 2019
THE COSMOPOLITAN 51–55 The Esplanade, Cotton Tree 1800 998 242 One, two and three-bedroom apartments from $558,900.
COMPLETED IN APRIL 2019
PROPERTYMASH.COM the place to search for new property
PAGE 13
NEWS FROM AROUND AUSTRALIA
CANBERRA
Our nation’s capital is undeniably one of Australia’s hottest property markets, and it’s showing no signs of slowing down. Coming off the back of six consecutive years of house price growth, we take a look at what’s still to come for Canberra. Although the smallest of the Australian states and territories, the ACT is undeniably playing in the big leagues — especially when it comes to the property market. Canberra is the fastest growing city in the country, with the population increasing by 8,700 people every year and a growth rate of just over two percent annually. Just a decade from now, the Australian Bureau of Statistics forecasts Canberra will be home to over half a million people. Canberra didn’t follow Sydney into a major market boom, but with Sydney now on the downturn, the nation’s capital is still on the rise. The ACT has more growth suburbs than any other state or territory in the country, and the reasons why are endemic to the identity of Canberra itself. Canberra is cocooned from many of the market forces affecting other capital cities: economic growth is consistently strong, jobs are stable, unemployment sits under five percent and Canberra has the highest average income in the nation. Brett Smith, the Project Director of Art Group (one of Canberra’s most prolific developers) says this upturn will continue as long as the economy of the region is stable.
PAGE 14
PROPERTYMASH.COM the place to search for new property
“Property owners have experienced Canberra bucking the national trend, recording six consecutive years of house price growth and more stability within the market than Melbourne and Sydney. Canberra hasn’t had the property bubble effect or impact, but it’s remained stable due to the strong economy,” he said. “There’s a good balance of activity, open spaces and parks, culture and community, so both individuals and families are drawn here for an easier, less chaotic lifestyle.” One of the key differences that separates Canberra from other capital city markets across the country is the tenure of property. Canberra is a leasehold only market, as opposed to Queensland where the majority of buyers of new property own the land freehold. In a leasehold tenure, the land is owned for a fixed-term and this lease must be renewed once that lease term expires. In the case of Canberra, when the lease expires, land is reverted back to the crown (the ACT government). Standard lease term from the crown in the ACT is 99 years, after which the lease is generally automatically renewed. Leasehold tenure is a very common model for owning
property, especially in larger and more established markets like the UK, Hong Kong and Singapore. As a result of the leasehold tenure, stamp duty is fully tax-deductible in the ACT for investment properties, as it falls under a lease document expense. This, along with a myriad of other factors make the market a very attractive option for both local and interstate investors.
“WE RECENTLY SAW THE RENTAL MARKET TIGHTEN WITH A VACANCY RATE OF 0.6%. THE HIGH DEMAND AND LOW SUPPLY OF STOCK HAS DRIVEN UP RENT PRICES. WE NOW HAVE THE HIGHEST WEEKLY ASKING RENTS NATION-WIDE.” “We have been able to confidently offer some of our buyers a 2-year seven percent guaranteed gross rental return,” said Brett Smith in particular reference to their current market offering, On Forbes (review on page 17). With an increasingly formidable investor market and a strengthening local market of working professionals, property developers in the ACT are turning their attention towards developing an ideal urban lifestyle. Buyers in the area are becoming increasingly more selective in terms of location, expecting great amenities while still embracing the local community vibe of the suburbs.
“While the inner-north suburbs are ever popular, there are also a number of new suburbs that have been really well planned and are set amongst rolling hills, while still being connected to the CBD and Parliamentary Triangle,” said Mr Veraar. Recent reports from credible analysts like Moody’s Analytics suggest notable price growth for both apartments and houses in the ACT not only in 2019 but for 2020 too. Within the last financial year, many Canberra suburbs have recorded double-digit price growth and many more areas sit around the eight or nine percent mark. A total of 31 suburbs recorded a median price growth of at least five percent, making the ACT the fastest and most consistently growing market in the country.
LJ Hooker Project Marketing’s Development Manager, Keenan Veraar, says Canberra buyers are more discerning than they used to be, focusing on the potential for lifestyle and value instead of just convenience and expecting more from their new homes.
A key infrastructure project for Canberra is the new light rail system which is driving urbanisation along its route and offering improved public transport in a city that has always been best transited by car. The new financial year will also welcome in the abolition of stamp duty for first-home buyers on new-build homes, marking a big win for young ACT professionals. With a federal election coming up in May, a potential change in government may see public service numbers swell significantly, which would be a great outcome for Canberra in the medium term.
“Developments in established, sought-after suburbs will always do well. The better an area is serviced and the closer to the city, the hotter the properties. People love to be in an established, leafy environment and tucked back from main roads but don’t want to sacrifice convenience,” he said.
“With a more sustainable growth curve, Canberra still has a long way to go before it reaches the levels of the Sydney market, so I envisage decent growth across the whole market for the next few years, particularly if we see a change in the federal government”, said Mr Veraar.
Mulberry, Dickson apartments
Canberra Market Summary Median house price $672,332
Median house rental $560 per week
Annual house growth rate 3.6%
Median apartment price $440,813
Median apartment rental $465 per week
Annual apartment growth rate 2.2%
Rental vacancy Rate 0.6%
Tenure of property Leasehold only
Ownership 69% renting 19% purchasing 12% fully owned
Most expensive suburbs Forrest, Yarralumla, Griffith, Reid
Cheapest suburbs Lyons, Curtin, Woden Valley, Queanbeyan
CANBERRA’S HOTTEST NEW PROPERTIES ISKIA 81 Constitution Avenue, Campbell One, two and three-bedroom apartments from $435,000.
MULBERRY 55 Dooring Street, Dickson One, two and three-bedroom apartments from $329,000.
ON FORBES 56 Forbes Street, Turner Two and three-bedroom apartments from $549,000.
LUMI 224 Swain Street, Gungahlin One, two and three-bedroom apartments from $339,000.
THE BARRACKS Vernon Circle, Canberra City Studios, one, two, three and four-bedroom apartments from $325,000.
ELODY Marie Little Crescent, Denman Prospect Two, three and four-bedroom terrace homes from $310,000.
THE GROUNDS 7 Donaldson Street, Braddon One, two and three-bedroom apartments and terrace homes from $435,000.
KINGSBOROUGH 10 The Causeway, Kingston One, two and three-bedroom apartments from $350,000.
PROPERTYMASH.COM the place to search for new property
PAGE 15
PROPERTY REVIEW SUBURB Campbell, Canberra
PROPERTY TYPE Apartments
DEVELOPMENT SIZE 125 apartments + 10 premium residences
CONSTRUCTION STATUS
CANBERRA ISKIA
81 Constitution Avenue, Campbell In the sought-after suburb of Campbell, ISKIA is currently under construction with settlement expected by August 2019. The project consists of 125 one, two and three-bedroom apartments as well as 10 premium residences which are already sold out. Located in the iconic Parliamentary Triangle, ISKIA will appeal to residents who want to live in one of the most prestigious addresses in Australia.
Settlement due August 2019
LOCATION
SALES SUITE
ISKIA is situated within easy reach of an abundance of amenities and just a few minutes from Canberra’s CBD, universities (ANU and UNSW), and other national treasures. The location just a five-minute walk from Lake Burley Griffin means many of the southern apartments have excellent views of the lake. The proximity also means a lovely afternoon stroll by the lake or a picnic on Aspen Island at the National Carillon are never too far away.
Sales suite open on site
STARTING PRICE $435,000
COMMUNAL FACILITIES Things we love... •
ISKIA is located in the Parliamentary Triangle and has excellent public transport connectivity.
•
For those who need more space, the penthouses sit at over 280m².
But remember that... •
There are limited numbers of one and two-bedroom apartments left, with these configurations selling fast.
•
Views of the lake are partially obstructed from the lower level apartments at ISKIA.
•
All premium residences are sold out.
GET IN TOUCH WITH THE DEVELOPER... 71 CONSTITUTION AVENUE, CAMPBELL CONTACT 02 6129 1532
On the ground floor, residents will find a gym, spectacular sculpture by award-winning artist Matthew Curtis, a podium pergola and a hidden garden to the north of the residences. The Plaza offers an extension of the apartments at ISKIA with award-winning Lantern Rooms Restaurant, a Japanese inspired cafe and juice bar with its own unique gym offering . There is also secure underground parking provided.
APARTMENT DETAILS The remaining three-bedroom apartments are 110 square metres internally. All apartments include large balconies with carefully-orientated aspects, with the majority around 25 square metres. Some of these apartments offer external areas of up to an impressive 64 square metres, with a choice of parkland or lake outlook to the National Carillon, Parliament House and Black Mountain. The apartments for sale at ISKIA all feature plenty of built-in storage throughout. With the three-bedroom configurations, the balconies open up from both the first and second bedroom, as well as from the living room, giving the apartments an open and airy feel with plenty of cross-breezes. Each apartment has at least two car parks allocated, along with basement storage.
DEVELOPER DETAILS ISKIA is the latest development by Hindmarsh, one of Australia’s leading development companies producing one to two developments per year. In the 40 years Hindmarsh has been in operation, they have built a diverse range of buildings including government offices, institutions and data centres along with multiple residential developments nationally.
READ OUR FULL REVIEW OF ISKIA ONLINE AT PROPERTYMASH.COM PAGE 16
PROPERTYMASH.COM the place to search for new property
PROPERTY REVIEW
CANBERRA ON FORBES
SUBURB Turner, Canberra
56 Forbes Street, Turner
PROPERTY TYPE Apartments
Ready to move into within just a few months, this new apartment development is currently under construction. With large two and three-bedroom apartments on offer, On Forbes is an ideal development for those who seek a balance between a quiet space to unwind and the fast-paced lifestyle of the city. Located on a tree-lined street, the apartments at On Forbes also offer high-end finishes and rooftop facilities, with prices starting from $549,000.
DEVELOPMENT SIZE 200 apartments
CONSTRUCTION STATUS Completion due mid-2019
LOCATION
SALES SUITE
Positioned in one of the city’s inner-north suburbs, Turner provides ideal access to the city as well as a plethora of nearby education and dining options. Forbes Street sits just over 10-minutes drive from Capital Hill, with premier shopping destination, Canberra Centre, just five minutes away. Popular foodie strips including Lonsdale Street in Braddon or Bunda Street in the city are walking distance from the development. Transport connection to the city from On Forbes will improve drastically with the completion of the first stage of the light rail network in April 2019, with the closest light rail stop only 150 metres away.
COMMUNAL FACILITIES
Fully-furnished display available to view by appointment
STARTING PRICE $549,000
Things we love...
On Forbes provides residents with an innovative Embedded Network system, allowing for electricity, hot water and internet to be supplied in the most efficient and cost-effective way. They also guarantee instant Wi-Fi access in every apartment and free Wi-Fi in all common areas. This apartment building also features a lovely rooftop terrace, with outdoor cinema, fully-equipped gym and courtyard. Residents of On Forbes are offered exclusive use of ten BYKKO electric bikes.
•
•
The BYKKO shared electric bikes are an excellent and thoughtful addition.
APARTMENT DETAILS
•
The area has a 0.8% local vacancy rate and is great for investors.
Apartments at On Forbes feature floor-to-ceiling windows and natural timber flooring throughout. The balconies have frameless glass balustrades to enhance the views, and premium sliding doors are also included as standard. Reverse-cycle air conditioning with Wi-Fi control is installed throughout as well as an integrated clean-air system to control humidity. The oversized kitchens all feature an island bench, Smartstone benchtop and plenty of storage, as well as Fisher & Paykel appliances all with an extended 5-year warranty.
But remember that...
DEVELOPER DETAILS Canberra-based developers Art Group have been crafting outstanding homes and investments since their inception in 2003. With a strong focus on innovative ideas, Art Group are proud developers of the nation’s capital city and have worked on countless residential projects in the city and surrounding suburbs.
The Embedded Network System means apartments have an average Energy Efficiency Rating of 7.5.
•
While still an inner-city suburb, Turner is 7km away from the Parliamentary Triangle.
•
Air conditioning is not ducted, and the condenser sits on the balcony.
GET IN TOUCH WITH THE DEVELOPER... 56 FORBES STREET, TURNER CONTACT 1800 690 690
READ OUR FULL REVIEW OF ON FORBES ONLINE AT PROPERTYMASH.COM
PROPERTYMASH.COM the place to search for new property
PAGE 17
REDCLIFFE PENINSULA
SUBURB PROFILE
Margate Beach, photo by THE VUE
WHAT WAS ONCE A SLEEPY SEASIDE AREA IS RAPIDLY BECOMING ONE OF THE PROPERTY GEMS OF GREATER BRISBANE. COMPRISING OF EIGHT SUBURBS AND STUNNING COASTLINE, IT’S TIME YOU GOT TO KNOW THE REDCLIFFE PENINSULA.
Key statistics Median apartment price
Things we love... • T his area is built for families — with plenty of entertainment options for kids and parents to enjoy all year round.
$363,000
Median house price $510,000
• T he new train line means access to Brisbane Metro stations is easy. • W ith three boat ramps and two marinas,
Median apartment rental
Redcliffe Peninsula is a boaties paradise.
$330 per week
But remember that...
Median house rental
• If you’re commuting to and from the CBD,
$400 per week
Transport The Redcliffe Peninsula train line runs
this can take up to an hour and a half. • T he nearest large shopping centre is 15 minutes away. • Redcliffe Peninsula predominantly
through Rothwell and Kippa-Ring.
offers freestanding homes, with luxury
Buses also service the whole area.
apartments a rare find in the area.
PAGE 18
PROPERTYMASH.COM the place to search for new property
Located in the heart of the Moreton Bay Region, Redcliffe Peninsula is home to some of the most beautiful coastline to be found less than an hour from Brisbane. With plenty of parks, stunning pine-tree-lined beachfronts, jetties and marinas alongside locally-owned restaurants and boutiques, this area offers a lifestyle all its own. Redcliffe Peninsula encompasses eight small suburbs: Rothwell, Kippa-Ring, Newport, Scarborough, Redcliffe, Margate, Woody Point and Clontarf. According to the 2016 census, 60,000 people call the Redcliffe Peninsula home, with the demographics of the population changing significantly across the suburbs to include large proportions of families as well as older couples and retirees.
LOCATION & TRANSPORT Sitting around 45-minutes north-east of Brisbane City, the Redcliffe Peninsula is accessed via the Houghton Highway Bridge. From the M1 Motorway, you can also get to the peninsula through North Lakes on Anzac Avenue. Public transport in the area predominantly takes the form of buses, with several local bus routes, as well as buses that run along Anzac Avenue, linking up with buses heading towards Brisbane. The 2016 opening of the Redcliffe Peninsula train line really changed the game for commuters in the area.
The VUE Scarborough
The route was first proposed back in the 1970s, so it has been a long time coming to say the least. This line is an extension of the Petrie line and includes stops at Mango Hill, Rothwell and Kippa-Ring.
LIFESTYLE The lifestyle of Redcliffe Peninsula is undeniably laid back. With the beautiful Moreton Bay lapping at your toes, this area is ideal for boaties and fishermen. Open water access to Moreton Bay means the area is popular with both amateur fishermen and professionals. With such a lifestyle, the area attracts a lot of retirees who are keen to make the most of life by the bay. Affordable cost of living also makes this area popular with young families as well as downsizers. There are a variety of facilities and community hubs throughout the area that cater to the wide demographic of people that call Redcliffe Peninsula home. As well as the Moreton Bay Boat Club and Marina, there is also a second marina at Newport. There are several beachfront bike paths and walkways, with markets that line the street of Redcliffe Parade every Sunday. Settlement Cove Lagoon, a foreshore swimming pool, offers the perfect protected swimming spot for old and young alike. For those with young kids, nothing beats an afternoon spent climbing the cottonwood trees at Scarborough Beach Park.
EDUCATION As the area is home to a slew of young families, there are plenty of schools in the area to cater for this. Within the peninsula, there are five state-run primary schools as well as two high schools: Redcliffe State High School and Clontarf Beach State High School. There are also numerous private schools in the area. Southern Cross Catholic College in Scarborough and Mueller College in Rothwell both teach students from Prep through to Year 12. Grace Lutheran Primary in Clontarf teaches Prep to Year 6, and the affiliate high school, Grace Lutheran College, is also located in the Redcliffe Peninsula area, just off Anzac Avenue in Rothwell. In terms of tertiary education, TAFE Queensland has a Redcliffe campus and the new train line means Brisbane-based universities, like UQ and QUT, take just over an hour to get to.
DEVELOPMENTS The next stage of the master-planned development Newport sees Stockland working towards the opening of Waterside Town Centre. This precinct will offer a market place, a large waterfront park, an aged-care facility as well as childcare options. This town centre will also feature a new jetty, with the entire precinct being built around the water. Construction is also underway on a 22-hectare lake that will form
the centrepiece of this new town centre. It’s expected to be completed this quarter. There are currently several house and land packages selling in the Newport area, with some new releases including waterfront and marina berth properties. Also along the water, with uninterrupted ocean views is The VUE in Scarborough. This development is one of the first luxury apartment offerings on the peninsula, marking a new opportunity for buyers to claim their slice of paradise. Over the next few years, the Redcliffe Peninsula area is expected to continue to grow significantly, with new house and land developments and luxury apartments feeding a diverse market.
Current projects on the Peninsula THE VUE 131 Flinders Parade, Scarborough Luxury three-bedroom waterfront apartments from $1,158,800. PROMENADE Morris Street, Rothwell Land from $269,000 and house and land packages from $383,000. NEWPORT WATERSIDE Griffith Road & Boardman Road, Newport Land from $292,900 and house and land packages from $503,600.
FENGYOUR SHUI HOME
Fundamentally, feng shui aims to bring peace, harmony and abundance into our lives — things we could all use more of. But with endless blogs, tutorials and gurus spouting their version of “feng shui”, these ancient principles can start to feel a little inaccessible to the average homeowner. However, you don’t need a comprehensive checklist or a deep understanding of the five celestial animals to bring a little feng shui into your space. Take it back to basics, and focus your attention on the key principles you’re trying to evoke, and work with the space you have, rather than trying to change it.
1 3 5
SEEK BALANCE Find something to represent all five elements in each room: water, wood, fire, earth and metal. This will help ground you and bring balance to even the most chaotic of households.
2
PAY ATTENTION TO THE ENTRYWAYS According to the ancient principles of feng shui, the entryways are how qi (chi) enters and leaves your home. An inviting entryway allows positive energy to flow into your space — an area where opportunity will come proverbially knocking. Make your entryway distinct from the rest of the space, ensuring shoes are taken off before entering the main space of the home. Make sure your front door can open fully and isn’t impeded by furniture, as this can compress energy coming in.
USE PLANTS TO BRING THE OUTDOORS IN The benefits indoor plants bring is not reserved for ancient Chinese wisdom alone, and scientific research has also proven that plants help to reduce anger and anxiety. According to feng shui, living plants have their own qi and draw qi to them. Placing indoor plants around your home can help bring balance, abundance and promote connection. If you’re not a green thumb, stick to silk plants and flowers over plastic, as natural fibres are the next best thing.
USE LIGHT WISELY Although bright spaces are ideal for energising your home, this doesn’t mean your power bill has to go through the roof. Make the most of natural light and use high-wattage bulbs in hallways.
6
4
DECLUTTER Channel your inner Marie Condo and declutter. While feng shui doesn’t require you to throw out all items that don’t spark joy, it’s important not to hold on to bad energy unnecessarily.
CONSIDER THE PRINCIPLES OF YIN & YANG The forces of Yin and Yang represent the interconnectedness and harmonious interaction between peace and chaos. These cannot exist in isolation and a true feng shui home will have both Ying and Yang energies in each room, although some spaces should tip heavily in favour of one or the other. While your study space may be geared toward Yang, your bedroom should tip heavily in favour of Yin, so it’s crucial to let go of all of the dominant Yang features in this space.
HOW DO YOU KNOW IF YOU’VE TAKEN YOUR FENG SHUI TOO FAR? HEAD TO PROPERTYMASH.COM TO READ MORE! PAGE 20
PROPERTYMASH.COM the place to search for new property
SOUTH BRISBANE’S BEST-CONNECTED LOCATION 750m to Brisbane’s CBD & close proximity to UQ, QUT & Brisbane State High School. Luxury lifestyle residences now selling. Inspect our furnished display apartments. PRICED FROM
$399,000
ivyeve.com.au Ivy + Eve, 22 Merivale Street, South Brisbane
Call John on 0431 609 878 to schedule an inspection or learn more. Open home on Wednesday 6 – 7pm and Saturday 1 – 2pm or by appointment.
PROPERTY REVIEW SUBURB Burleigh Heads, Gold Coast
PROPERTY TYPE Apartments
DEVELOPMENT SIZE 20 apartments
CONSTRUCTION STATUS Completion expected Oct 2020
SALES SUITE
GOLD COAST NORFOLK BURLEIGH
46 Goodwin Terrace, Burleigh Heads This luxury ten-storey apartment building is set to be the first multi-residential development on Goodwin Terrace in over three decades. With only 20 residences in the building, each three or four-bedroom apartment offers stunning views out over Burleigh Heads Beach and the Pacific Ocean. The area is surrounded by heritage-listed pine trees giving each residence extra privacy. On Levels 9 and 10, there are two dual-level penthouses each with private rooftop pools. This project was launched to the market early in 2019, with construction expected to be complete in October of 2020.
Site tours by appointment
LOCATION
STARTING PRICE
The Goodwin Terrace location provides unobstructed ocean views from every apartment. Sitting down the end of Burleigh Heads Beach, Norfolk Burleigh is only 350 metres away from the start of the walking trails through Burleigh Heads National Park — perfect for an afternoon run or a Saturday morning stroll. The only thing in front off Norfolk Burleigh is Rick Shores, which is well renowned as one of the best restaurants on the coast (Moreton Bay Bug rolls and champagne anyone?). Norfolk Burleigh is a 20-minute drive away from Surfers Paradise and about 15 minutes from the Gold Coast Airport.
$1,800,000
Things we love... •
The dual-level penthouses have private rooftop pools.
•
Oceanfront views of the beach and Burleigh Headland.
•
The private beach club provides excellent facilities, unexpected for this size development.
But remember that... •
No construction commencement date has been announced yet.
•
Residents of Norfolk Burleigh may be able to hear some of the noise from the bustling restaurants and bars of Burleigh’s social hub, James Street.
COMMUNAL FACILITIES Residents at Norfolk Burleigh will have access to a private beach club which will provide a range of residents facilities. These include a large gym, sun deck, resort-style pool, and a sauna. Underneath the building, you’ll find two levels of basement car parking as well as bike storage and additional individual storage space for each apartment.
APARTMENT DETAILS All of the apartments are finished in travertine, timber and stone to connect the interior of the building to its surrounds. This is highlighted by the open-plan living areas and large windows that open up onto larger-than-normal balconies. To capitalise on the excellent location, the balconies are orientated to capture the sea breezes and natural light, with screens that can be pulled across to act as shelter during less-than-perfect weather. Buyers will love the butler’s pantry, and integrated BBQ kitchen, and can choose to add a temperature-controlled wine display bar.
DEVELOPER DETAILS GET IN TOUCH WITH THE DEVELOPER... 46 GOODWIN TERRACE, BURLEIGH HEADS CONTACT 0430 023 726
Norfolk Burleigh is a project by Synergy Property who are also currently developing Pacific Palm Beach and North Residences which are also on the coast. Also involved in the project is Sydney-based Koichi Takada Architects and Victorian-based Mim Design.
READ OUR FULL REVIEW OF NORFOLK BURLEIGH ONLINE AT PROPERTYMASH.COM PAGE 22
PROPERTYMASH.COM the place to search for new property
PROPERTY REVIEW
GOLD COAST
THE STAR RESIDENCES
SUBURB Broadbeach, Gold Coast
1 Casino Drive, Broadbeach
PROPERTY TYPE Apartments
The Star Residences is the first-ever opportunity to live in the heart of The Star Gold Coast Resort. The lower portion of the building will form the Dorsett Hotel, while the upper levels are reserved exclusively for long-term residents. There are 432 one and two-bedroom apartments for sale, with prices starting at $467,000 for the one-bedroom apartments and $668,500 for the two-bedroom apartments. The apartments at The Star Residences start on Level 21, above the existing casino and the new hotel.
DEVELOPMENT SIZE 432 apartments
CONSTRUCTION STATUS Construction underway with completion due by 2021
LOCATION
DISPLAY SUITE
The Star Residences Gold Coast is situated on the south-east of the existing hotel and will offer expansive beach and hinterland views. As if direct connectivity to The Star Gold Coast wasn’t enough, the tower is located about 800 metres from the beach. The Star Residences is also adjacent to Pacific Fair Shopping Centre, one of the largest and most luxurious shopping destinations in Queensland, with over 400 specialty shops (including many high-end brands).
Open 10am – 4pm daily
STARTING PRICE $467,000
COMMUNAL FACILITIES The residential deck on Level 20 is home to a suite of amenities including a pool, spa, gymnasium, yoga and Pilates area with stunning views out onto the ocean. There is also expansive lounge areas, a barbecue area, as well as casual and private dining spaces. Level 3 offers dining and retail space of over 1589 square metres. Across the lower levels, there are a total of 518 car parks including the hotel, residential and visitor car parks.
APARTMENT DETAILS Balconies at The Star Residences sit between 7 – 13 square metres. Whilst small, all balconies are orientated to provide the best possible water views. There are ten different floor plans in total at The Star Residences, offering plenty of layout options and a variety of inclusions. Air conditioning is ducted and reverse cycle throughout each apartment. Each apartment will be fitted with engineered timber floorboards in the kitchen and living space, and plush carpet in the bedrooms. In the kitchen, you’ll find high-end European appliances, a built-in dishwasher, stone benchtops and a gas cooktop.
DEVELOPER DETAILS The Star Residences is a joint venture between The Star Entertainment Group, Far East Consortium and Chow Tai Fook Enterprises Limited. Far East Consortium is one of the largest residential developers throughout Asia and Australia and Chow Tai Fook are the owners of over 70 hotels globally. With international powerhouses and a local partner, this project is drawing the big guns.
Things we love... •
The residential facilities available at The Star Residences are exceptional and offer ocean views.
•
The promenade provides direct connectivity to The Star Casino.
•
Tower 1 has an exclusive porte-cochère area (think fancy car drop-off).
But remember that... •
Car spaces are not included as standard for the smaller apartments.
•
A lot of the apartments do not feature a walk-in wardrobe.
GET IN TOUCH WITH THE DEVELOPER... 1 CASINO DRIVE, BROADBEACH CONTACT 1300 722 831
READ OUR FULL REVIEW OF THE STAR RESIDENCES ONLINE AT PROPERTYMASH.COM
PROPERTYMASH.COM the place to search for new property
PAGE 23
SUBURB PROFILE
PALM BEACH TUCKED BETWEEN BURLEIGH HEADS AND CURRUMBIN, PALM BEACH OFFERS IDEAL
KE Y STATISTICS Median apartment price $430,000
Median house price $816,000
Median apartment rental $410 per week
Median house rental $610 per week
Transport Several bus routes run through Palm Beach, as do many cycle paths.
Things we love... • Luxury apartment developments are becoming far more popular with high-end offerings for downsizers. • Palm Beach feels tucked away in its very own pocket of the Gold Coast.
But remember that... • I f the Southern Gold Coast light rail extension is approved, the area is likely to get a lot busier.
BEACHFRONT LIVING ON THE SOUTHERN GOLD COAST. A DOWNSIZERS DREAM, THIS AREA IS EXPERIENCING A BOOM IN LUXURY APARTMENTS. With Tallebuddgera Creek to the north, Currumbin Creek to the south, the Pacific Ocean to the east and canals flowing throughout the suburb, life in Palm Beach is intrinsically connected to the water. While large canal-front homes were the most sought-after of Palm Beach properties for years, the suburb is now entering a new era. With a new generation of downsizers searching for low-maintenance living by the beach, the rise of the luxury apartment building is transforming the face (and the skyline) of Palm Beach.
LOCATION & TRANSPORT Sitting just ten minutes north of the New South Wales border, Palm Beach is located in the southern end of the Gold Coast. The Pacific Motorway runs just behind the suburb and the Gold Coast Highway runs along the front of Palm Beach. It is located just over an hour and 15-minutes drive from Brisbane CBD and around half an hour from Surfers Paradise. Ever-popular Byron Bay is accessible in less than an hour, as are the Gold Coast hinterland regions of
Springbrook, Binnaburra and Lamington National Park. The Gold Coast Airport is just 12.5 kilometres from Palm Beach, making this location ideal for frequent jet-setters. Currently, transport to the area is limited to local buses and bike paths, however, this will soon change if Stage 3A of the Gold Coast light rail project is approved. This would involve the continuation of the line from Broadbeach through Miami and down to Burleigh Heads, with potential future extension through Palm Beach to the Gold Coast Airport. If these additional stages are approved, transport to the area will be greatly improved but it’s also expected that the suburb would become a lot more popular with tourists.
LIFESTYLE Palm Beach is a rather exclusive suburb, with the median house price sitting over $800,000. The population of Palm Beach is just shy of 14,000 people. Considering this area represents one of the smallest suburbs on the Gold Coast, this makes Palm Beach one of the most densely populated suburbs
Acqua
Magnoli Apartments
Currumbin State High School is located off
sought-after in the suburb, with three and
Thrower Drive near the Palm Beach Farmers
four-bedroom floor plans popular. Just a
Markets. Depending on whereabouts in
glimpse at the skyline will reveal plenty of
Palm Beach you are located, the schools
cranes and construction, with high-end
in neighbouring suburb Elanora might be closer to home. Elanora State High School is located five-minutes drive from the centre of of the southern Gold Coast. The split between houses and apartments is pretty even in Palm Beach, with the beachfront stretch of land now dominated by luxury apartment buildings.
town, and Elanora State School is just on the
23 percent of the population of Palm Beach are elderly couples, with elderly singles making up an additional 21 percent. With these high percentages of retirees, the culture of Palm Beach is focused more on providing a laid-back lifestyle, than cultivating a lively cultural hub. That said, Palm Beach is home to a few holiday resorts and beachfront cafes, as well as Palm Beach Surf Club. Up the northern end of Palm Beach is Tallebudgera Creek Park which is ever-popular with tourists and locals alike. Tallebudgera Creek was recently voted the best swimming spot in Australia by both Wotif and People’s Choice.
Palm Beach have transitioned to offer a
EDUCATION Within Palm Beach, there is a local primary school, high school and several childcare facilities. Palm Beach Primary School is on Nineteenth Avenue, and Palm Beach
other side of the Pacific Motorway.
DEVELOPMENTS Over the last few years, developments in
apartments selling at premium prices along the beachfront. In some off-the-plan developments like One Palm Beach and Siarn, the starting prices all exceed $2 million but promise a premium product and views of the Pacific Ocean that will never be built out. These developments are a sign of big things to come for Palm Beach. With an ageing population, the next few years will only see
product that is specifically targeted to appeal
an increase in the number of downsizers
to the local Gold Coast market. Boutique
searching for beachfront luxury on the
luxury apartment buildings are much
Southern Gold Coast.
Current projects in Palm Beach ONE PALM BEACH 1331 Gold Coast Highway, Palm Beach Three and four-bedroom apartments from $2,295,000.
MAGNOLI APARTMENTS Cnr Nineteenth & Brooke Avenue, Palm Beach One, two and three-bedroom apartments from $595,000.
SIARN PALM BEACH NORTH 460 The Esplanade, Palm Beach Three bedroom apartments (two per floor) from $2,045,000.
SEA PALM BEACH 12 Seventh Avenue, Palm Beach One, two, three and four-bedroom apartments from $475,000.
ACQUA BEACHSIDE RESIDENCES Third Avenue, Palm Beach Two and three-bedroom apartments from $540,000.
PERISCOPE 10 Third Avenue, Palm Beach Three and four-bedroom penthouses from $975,000.
PROPERTYMASH.COM the place to search for new property
PAGE 25
THE NEW BRISBANE
INFRASTRUCTURE PROJECTS CHANGING THE FACE OF OUR CBD With a slew of large-scale developments currently underway, Brisbane is ready to turn things up a notch. From transport infrastructure that will transform the way tourists travel to brand-new entertainment and dining precincts that are sure to have Brisbanites clinking their glasses — these projects will transform Brisbane into a true world-class city. Are you ready to meet the new Brisbane? READ MORE ONLINE
BRISBANE LIVE Sitting 17,000 people, this $2 billion complex will be home to a stadium-sized amphitheatre, multiplex cinema, dining precinct and medical facilities as well as hotels and residential apartments. The development of Brisbane Live is set to begin in 2020. This will coincide with the Cross River Rail project which will see the current Roma Street station moved underground, creating the available above-ground space for Brisbane Live to take shape.
INTERNATIONAL CRUISE TERMINAL Set to open in 2020, the Brisbane International Cruise Terminal is a $158 million addition to the existing Port of Brisbane. In a move that is guaranteed to attract the world’s largest cruise ships, the development of this terminal will secure Brisbane’s slice of the booming cruise market. This mega-terminal is expected to generate $5 billion in economic value to the Sunshine State over the next five years.
PAGE 26
PROPERTYMASH.COM the place to search for new property
SECOND RUNWAY AT BRISBANE AIRPORT
HOWARD SMITH WHARVES
Currently under construction at Brisbane Airport is a second runway system, which will effectively double the airport’s current capacity. Set to open in 2020, this upgrade will make Brisbane home to the best runway system in Australia, increasing tourism by $6 billion. It will also give Brisbanites a greater choice of airlines, destinations, and improve flight times.
QUEENS WHARF
With Stage 1 of Howard Smith Wharves opening to the public in December of 2018, the area has rapidly become a favourite for brews and chews thanks to well-executed venues like Felons Brewing Co, Mr Percivals, Greca, Arc Wine Bar and huge fuction spaces. March 2019 also marked the opening of the Fantauzzo hotel which directly overlooks the hub. Still to come is a 1,500 square metre exhibition centre as well as the precinct’s very own ferry terminal by 2020.
The Queens Wharf precinct, located right on the river in Brisbane CBD, is about to give the riverfront a major facelift. This $3.6 billion entertainment and lifestyle precinct includes a brand-new casino, over 50 bars and restaurants, five hotels and nearly 2,000 residential apartments. The precinct also includes Brisbane’s first 100-metre sky deck and a new pedestrian bridge providing direct access to South Bank. With early earthworks for the project already underway, completion is expected by 2022.
Construction has already commenced on the 10.2 kilometres of rail line and the 5.9 kilometre tunnel that will form the Cross River Rail project. With four high-capacity underground stations, this $5.4 billion project will run from Dutton Park to Bowen Hills and will transform the way Brisbanites travel. This project aims to “unlock the bottleneck” at Brisbane CBD and Roma Street and will be fully operational by 2024.
CROSS RIVER RAIL
EVOLUTION OF THE GOLD COAST SKYLINE
Famous as a world-class holiday destination and the party capital of Australia, the Gold Coast has grown over the last 40 years to become Australia’s largest non-capital city. We look at the evolution of the skyline from humble beach shacks to some of the most sought-after property in the country. PROPERTYMASH.COM the place to search for new property
PAGEX
Surfers Paradise, 1978 Image by Stephen Fleay.
Looking back on images of what the Gold Coast looked like in the 1970s is sure to stir nostalgia in most Queenslanders — especially those who have similar photos of their own drifting around in old photo albums or keepsake boxes. From family beach homes to sky-high apartment towers, to say the Gold Coast skyline has transformed in the last 40 years would be an understatement. Where once you could purchase a small shack and block of land for $65,000 now sits luxury towers with hundreds of million dollar apartments. Last edition, we took a look at the Brisbane skyline and its evolution since 1930 (now up on our website for you to peruse). Upon its completion this year, Brisbane Skytower will be the first building in the river city to reach the aviation-enforced ceiling of 275 metres. When it comes to the Gold Coast, there is no aviation-inforced ceiling in place. For new developments, the sky really is the limit. The Gold Coast holds a slew of special titles when it comes to skyscrapers, the majority of which can be attributed to Q1. Even though construction on Q1 finished over ten years ago, it still retains the rank of not only ‘Tallest Building on the Gold Coast’ but also
PAGE 28
PROPERTYMASH.COM the place to search for new property
‘Tallest Building in Australia’. Q1 tops out at an astonishing 322.5 metres from base to tip of the spire. Short for Queensland Number One, this striking building also claims the title of the sixth-tallest residential building in the world, behind 432 Park Avenue in New York and four skyscrapers in Dubai.
WHERE ONCE YOU COULD PURCHASE A BEACHFRONT BLOCK FOR $65,000 NOW SITS LUXURY TOWERS WITH HUNDREDS OF MILLION DOLLAR APARTMENTS. Before its completion in 2005, the title of the tallest building on the Gold Coast belonged to the 158-metre Skyline North Tower. With dozens of new developments now stretching into the sky from Surfers to Palm Beach, this once title-holding building now sits at 11 on the tallest building list. Next on the list sits iconic Gold Coast towers like Circle on Cavil, The Hilton and Soul. The recently completed Jewel Hotel takes out the number seven spot, with a height of 170 metres. However, its visual contribution to the skyline of Surfers Paradise is much more significant. With the North Tower sitting at 144 metres, and Jewel Beach Tower at 124, these three
architecturally-striking buildings located right on the beach front really are a jewel in the crown of the Gold Coast. Currently under construction is Ocean, which will also form a notable addition to the skyline upon its completion. The Ocean tower will sit at 257.8 metres when construction concludes in 2020. While not yet approved, another mixed-use hotel development, Orion Towers, will give even Q1 a run for its money if it proceeds. Current plans set the completed building height to 328.1 metres, awarding Orion Towers the title of ‘tallest building on the Gold Coast’ by just 6.5 metres. Looking back at images from a mere 40 years ago goes to show that it’s not just the biggest and tallest buildings that can change the skyline. The Gold Coast has seen vast changes in the very structure of the area, from beachfront shanty homes to multi-billion-dollar skyscrapers lining every block. It would be tempting to ask when this amazing transformation will stagnate, but it is clear to locals, tourists and big businesses alike that this growth isn’t slowing down any time soon and is expected to continue well into the foreseable future.
Surfers Paradise, 2018
ig
hH
018
Bu
r le
s, 2
8 97 ,1
ep by St
hen Fleay.
Bu r le
ig
ds ea H
age . Im
While it’s still a long way from the top of the list, the Gold Coast skyline remains significant simply because of the speed of the evolution. With this upwards trajectory set to continue for decades to come, the skyscrapers aren’t expected to be contained to Surfers Paradise and Broadbeach alone. High-density residential developments are also being proposed and approved for the southern Gold Coast suburbs of Burleigh Heads and Palm Beach too. It seems that the world can not get enough of the famous Gold Coast sunshine, surf and sand.
According to the Emporis Skyline Ranking, which ranks global cities by the visual impact of their skylines, the Gold Coast skyline is the 86th most impressive skyline across the world, beating out Brisbane (which doesn’t appear at all in the Top 100 list). For comparison, Sydney comes in at 66 and Melbourne at a notable 35.
h
So what’s driving all of this development? It’s no secret that many of the large-scale projects on the Gold Coast are spearheaded by Chinese investment. With big visions (and hefty bank accounts to make it happen), it’s not the first time The Glitter Strip has seen an influx of international developers. Much like the Japenese investment throughout the 1970s and 1980s, Chinese investment in the Gold Coast is prone to controversy. The latest run of projects developed by overseas conglomerates is no exception, with countless headlines revealing issues with builders, materials, pushed-back schedules and entire projects put on hold seemingly inevitably. That said, it’s this overseas investment that keeps the Gold Coast growing and developing at such a phenomenal rate.
d ea
PROPERTYMASH.COM the place to search for new property
PAGE 29
PROPERTY REVIEW SUBURB Richlands, Brisbane
PROPERTY TYPE House and land
DEVELOPMENT SIZE 61 lots
LAND SIZE 282m² – 420m²
FRONTAGE 8.6m – 11.4m
CONSTRUCTION STATUS Currently under construction
SALES OFFICE Open 11am – 3pm Saturday
STARTING PRICE $449,300 for house and land
Things we love... •
First-home buyers will appreciate the affordable prices available.
•
This estate will have a family-friendly vibe with many areas for kids to play.
But remember that... •
The suburb of Richlands is a mixed residential and industrial area.
•
Blocks of land are on the smaller side.
BRISBANE SIENNA GROVE
82 Brentford Road, Richlands Just 14 kilometres away from the Brisbane CBD sits a brand new estate boasting great connectivity to the city and first-home-buyer-friendly prices. This boutique house and land estate in Richlands is nearly 90 percent sold, with the final few properties expected to be snapped up just as quickly. The house and land packages are sold as all-inclusive, turnkey packages with no hidden costs. They include air conditioning installation, window dressings, landscaping and fencing as standard. The 61 lots at Sienna Grove have been split into two releases, with many of the first-release buyers already in their new homes. In order to appeal to first-home buyers, Sienna Grove have reduced the required deposit to five percent.
LOCATION Sienna Grove sits in a quiet pocket of Richlands, just five minutes off the Centenary Highway. Easy access to the highway means the University of Queensland is under 20 minutes away and the Queensland University of Technology is a 25-minute drive. For those who commute to the CBD, Richlands train station can be easily accessed from Sienna Grove and is under three kilometres away, with a trip to the city taking just over half an hour. More than 14 percent of the entire Sienna Grove estate is dedicated to a regenerated nature corridor, meaning there’s plenty of space for a picnic under a tree or a game of soccer with the family. Families with young children will be pleased to know St Marks Primary School is only five minutes away, as is Glenala High School. The south-western suburbs of Brisbane that surround Richlands, like Inala, Wacol and Darra are quite industrial suburbs with high cultural diversity in the population. Cost of living in this area is excellent, and this pocket of outer Brisbane is home to a lot of families and retirees.
HOUSE & LAND DETAILS The homes at Sienna Grove sit around 170 square metres in size including a single garage and patio/outdoor living area. The ceiling height of these one-storey homes is fairly standard — between 2.4 and 2.55 metres. In the kitchens, you’ll find stainless steel appliances, an electric hotplate and stone benchtops. These three and four-bedroom homes feature two air conditioning units (one in the living room, one in the master bedroom) as well as vertical blinds. Turnkey packages also include a concrete driveway, full landscaping, a letterbox and fencing. All land at Sienna Grove is flat, with block sizes starting at 208 square metres and extending upwards to 399 square metres.
DEVELOPER DETAILS GET IN TOUCH WITH THE DEVELOPER... 82 BRENTFORD ROAD, RICHLANDS CONTACT 1300 494 483
Sienna Grove is brought to market by Marion Lane, exclusively offering their own home designs as the house and land packages available at Sienna Grove.
READ OUR FULL REVIEW OF SIENNA GROVE ONLINE AT PROPERTYMASH.COM PAGE 30
PROPERTYMASH.COM the place to search for new property
PROPERTY REVIEW
BRISBANE
PARK HOUSE RESIDENCES
SUBURB Chermside, Brisbane
69 Kittyhawk Drive, Chermside
PROPERTY TYPE Apartments
Park House Residences is a recently launched apartment development in Chermside offering two, three and four-bedroom apartments for sale. All of the apartments have at least one car park (the penthouses have three), and the 51-apartment project also has secure storage areas. With the project only officially launching in February of 2019, it’s impressive to note that over 20 percent of residences are already sold.
DEVELOPMENT SIZE 51 apartments
CONSTRUCTION STATUS Due to commence May 2019
LOCATION
SALES SUITE
Located just across the road from Westfield Chermside, local amenities don’t get much better than at Park House Residences. With the convenience of seemingly endless cafes, restaurants, department stores and specialty stores right at your doorstep, as well as the green haven of 7th Brigade Park, the lifestyle at Park House will be one of convenience. Park House Residences are less than ten kilometres from the Brisbane CBD, and with Gympie Road so close by, access to the city and the coasts is easy. Chermside has great public transport connectivity, with the shopping centre bus interchange just across the road.
COMMUNAL FACILITIES These apartments offer a range of resort-style facilities for residents to enjoy, including a large open-air pool and spa, as well as a sauna and fully-equipped gym. There’s also a large barbecue area with plenty of space for entertaining family and friends. There are two lifts in the building, as well as two garbage chutes (both general waste and a recycling chute). The basement is well equipped, with plenty of secure parking, storage cages and parcel lockers.
APARTMENT DETAILS Park House Residences has been carefully designed to promote cross-breezes throughout all apartments and penthouses. There is ducted air-conditioning throughout and ample storage space in the basement. The stunning kitchens are made to be used, with high-end inclusions and features. Standard apartments are available in two and three-bedroom configurations with three and four-bedroom penthouses also available featuring stunning wooden floors and double-height ceilings. Residences at Park House offer notably spacious interiors, with the average size sitting just under 120 square metres.
DEVELOPER DETAILS Park House Residences is a project by Brisbane-based Carbone Developments, with 125 projects to their name over their 20 years of operation. With previous developments in neighbouring suburbs of Kedron, Stafford, Lutwyche, Windsor and Everton Park, it’s safe to say Carbone are no strangers to the middle-ring northside suburbs.
Display suite open on site from Wed – Sun, 10am – 4pm
STARTING PRICE $510,000
Things we love... •
These breezy apartments are designed for the Brisbane climate.
•
The double-height ceilings in the penthouses are outstanding.
•
7th Brigade Park provides the perfect alternative to a backyard.
But remember that... •
Neighbouring streets will always be busy with people trying to avoid paid parking at the shopping centre.
•
Gympie Road is very busy during peak hour, with stand-still traffic a common occurrence.
GET IN TOUCH WITH THE DEVELOPER... 69 KITTYHAWK DRIVE, CHERMSIDE CONTACT 1300 625 631
READ OUR FULL REVIEW OF PARK HOUSE RESIDENCES ONLINE AT PROPERTYMASH.COM
PROPERTYMASH.COM the place to search for new property
PAGE 31
Sea your dream life come true.
Luxury 2 and 3 bedroom beachfront residences. Exclusive to one of the final beachfront locations on the Sunshine Coast, Seanna Residences boasts only 56 expansive 2 and 3 bedroom apartments with high-end, luxurious designs unlike any other. With premium ocean views and northern views to Point Cartwright across 2ha of parkland, a private pool and terrace area exclusively for residents, Seanna Residences is the epitome of laid back luxury. Experience coastal living at its finest with restaurants, retail and the beach on your doorstep.
REGISTER NOW
1800 952 920 | SeannaResidences.com.au
Colliers International does not guarantee, warrant or represent that the information contained in this advertising and marketing document is correct. Any interested parties should make their own enquiries as to the accuracy of the information. We exclude all inferred or implied terms, conditions and warranties arising out of this document and any liability for loss or damage arising there from. Photographs and illustrations are indicative only for presentation purposes and are subject to change. TOTO42854. Produced by www.totoandco.com.au
BATTLE of the
BAYSIDES If you’ve dreamed of living by the ocean, you certainly wouldn’t be the only one. With the Gold Coast and the Sunshine Coast both only an hour away from Brisbane, South East Queenslanders really are spoilt for choice when it comes to beachfront living. But what about bayside living? What about living a little closer to Brisbane? Within 40-minutes drive of the CBD are two beautiful bayside suburbs: Redcliffe and Manly. Each with their own unique charms and characteristics — deciding where to live can be difficult. Whether you’re considering the move east towards Manly or north towards Redcliffe, life by the bay is different to anywhere else in Brisbane. A paradise for boaties and those who love nothing more than feasting on fish and chips by the water, these suburbs have so much to offer. While Manly provides easy access to North Stradbroke Island, Redcliffe sits right across the bay from Moreton Island. Both suburbs sit approximately 40 minutes from the city and around 25 minutes from Brisbane Airport. Parks and waterfront walking paths are peppered through both areas, too. Despite all these similarities, Redcliffe and Manly are distinctly different. Manly has a high population of working families and high-income professionals and the more relaxed Redcliffe is home to a much larger proportion of downsizers and retirees. While just under 90 percent of dwellings in Manly are freehold homes, in Redcliffe nearly 30 percent of properties are units or townhomes. Both suburbs are very tightly held — new developments don’t come along often and are snapped up fast when they do.
Manly vs Redcliffe MANLY
REDCLIFFE
MEDIAN HOUSE PRICE
MEDIAN HOUSE PRICE
$778,000
$439,000
DISTANCE TO CBD
DISTANCE TO CBD
13.4 kilometres east
27.7 kilometres north
MAJORITY DEMOGRAPHIC
MAJORITY DEMOGRAPHIC
20 – 39 (27%) and 40 – 59 (28%)
40 – 59 (28%) and 60+ (27%)
MEDIAN INCOME
MEDIAN INCOME
$1,465 per week
$982 per week
Manly is home to some of the most impressive waterfront properties in Queensland. With a median house price of $778,000, the majority of the properties are fully owned, with less than 25 percent of homes rented. With an overall younger demographic than Redcliffe, a higher percentage of the population are commuting to the city, meaning traffic through the area during peak hour can get hairy. Both suburbs offer calm water that is perfect for paddleboarding or swimming with the little ones, and of course, provides ideal conditions for boating.
Kilometre-wise, Redcliffe is almost twice as far from the city as Manly, but proximity to highways means the journey time is about the same. The property market in Redcliffe has been heating up over the last few years and that’s expected to continue thanks to a number of luxury apartment developments proposed for the waterfront. Buyers snapping up this new, downsizer-targetted product are generally locals of the area. Many interstate migrants to Brisbane have not yet discovered Manly or Redcliffe, but it is only a matter of time given the charms each suburb has to offer.
Both Manly and Redcliffe are a paradise for boaties with large marinas in both suburbs. From watching sunsets by the water to picnics in the park, life in these bayside suburbs runs at its own pace. Want to find out more about these suburbs? Check out the full Suburb Profiles on our website now. PROPERTYMASH.COM the place to search for new property
PAGE 33
10
PLACES YOUR MORTGAGE will be CHEAPER THAN YOUR RENT
The property market in Australia has, in the past, seemed to always favor renters. If you buy a property you are currently renting it will cost you more each week to pay your mortgage and maintain the property. This is not ideal if you are trying to get into the property market. No one wants to pay more than they have to, even for their dream home. But, the tables may be turning. With low interest rates and a shortage of rental properties in some areas‌ is it possible that your favourite suburbs may now be cheaper to buy in than rent? Intrigued by the phenomenon, we hunted down ten suburbs where the mortgage on your apartment will be cheaper than your rent... and the results may surprise you!
South City Square
Summit Labrador
BRISBANE CBD | BRISBANE
WOOLLOONGABBA | BRISBANE
LABRADOR | GOLD COAST
Average apartment price: $527,000 Monthly repayments: $1,890 Average monthly rent: $2,214
Average apartment price: $391,500 Monthly repayments: $1,439 Average monthly rent: $1,948
Average apartment price: $360,000 Monthly repayments: $1,323 Average monthly rent: $1,705
PAGE 34
PROPERTYMASH.COM the place to search for new property
Periscope
The Surrounds
PALM BEACH | GOLD COAST
HELENSVALE | GOLD COAST
Average apartment price: $430,000 Monthly repayments: $1,581 Average monthly rent: $1,815
Average apartment price: $328,500 Monthly repayments: $1,208 Average monthly rent: $1,904
One Tree
Bellvue The Glades
ROBINA | GOLD COAST
TUGUN | GOLD COAST
SIPPY DOWNS | SUNSHINE COAST
Average apartment price: $450,000 Monthly repayments: $1,654 Average monthly rent: $2,347
Average apartment price: $458,500 Monthly repayments: $1,686 Average monthly rent: $1,939
Average apartment price: $268,500 Monthly repayments: $987 Average monthly rent: $1,461
COOLUM | SUNSHINE COAST Average apartment price: $399,000 Monthly repayments: $1,467 Average monthly rent: $1,682
CURRIMUNDI | SUNSHINE COAST Average apartment price: $432,500 Monthly repayments: $1,590 Average monthly rent: $1,873
Average rent and property prices from REA, February 2019. Mortgage repayments calculated using the Mortgage Choice Calculator. Based on a 20% deposit, 30 year repayments and interest of 3.69% p.a.
PROPERTYMASH.COM the place to search for new property
PAGE 35
SUBURB PROFILE
COOLUM BEACH
Key statistics Median apartment price $395,000
Median house price $676,000
Median apartment rental $380 per week
Median house rental $490 per week
Transport Buses run throughout Coolum Beach and there are plenty of cycling paths.
Things we love... • Coolum Beach boasts some of the best surfing waves on the Sunshine Coast. • T he area has a lively cultural vibe, without being as touristy as its neighbours Noosa and Mooloolaba. • Limited availability of new apartments has helped to keep demand strong.
But remember that... • Coolum Beach is over 25 minutes away from the closest university, University of the Sunshine Coast.
WITH EVERYTHING FROM NATIONAL PARKS TO PRISTINE BEACHFRONT, COOLUM HAS BEEN A HOLIDAY-MAKER FAVOURITE FOR DECADES — BUT WITH NATURAL
• Job opportunities in Coolum Beach aren’t as prevalent as other coastal suburbs.
WONDERS LIKE THIS, IT’S NO SURPRISE THE LOCAL MARKET IS RAPIDLY EXPANDING. This surfing and golfing mecca on the Sunshine Coast is home to some of the most notable beaches in the area. With a local population of just over 7,000 people, Coolum Beach is the perfect coastal location for those chasing the laid-back lifestyle of the coast. While areas like Noosa and Mooloolaba are becoming increasingly popular with international tourists, Coolum Beach remains somewhat shielded from the chaos. With highrise apartment buildings still a rarity, Coolum Beach offers a more laid-back feel than its more more popular neighbours.
LOCATION & TRANSPORT Coolum Beach sits at almost the exact halfway point between Mooloolaba Spit and Noosa Headland. With both popular esplanade strips accessible within less than 20 minutes, access to the Sunshine Coast’s premiere social hubs is easy. The Sunshine Coast airport is only ten-minutes drive from Coolum Beach, providing direct flights to
PAGE 36
PROPERTYMASH.COM the place to search for new property
Sydney, Melbourne, Adelaide and Auckland. The Sunshine Motorway and Yandina Coolum Road provide Coolum Beach with great accessibility to the rest of the coast and to Brisbane. A trip from Coolum Beach to the Brisbane CBD by car takes just over an hour and a half. In terms of public transport, the closest train station is a 25-minute drive away in Nambour, however, local buses do run frequently throughout the suburb, with regular routes to Mooloolaba and Noosa as well. Coolum Beach also offers a slew of bike paths throughout the suburb which provide the most convenient way to get around without a car.
LIFESTYLE While there are a few beach-retreat style resorts and holiday parks peppered throughout Coolum Beach, the area consists primarily of locals. This suburb is very popular with families, which make up nearly
59 percent of the population. Coolum Beach is also popular with downsizers, with older couples and singles making up over 21 percent of residents in the area. Freehold homes make up the majority of the property market in Coolum Beach, with under a third of dwellings being apartments or townhouses. While smaller, boutique-style apartment buildings are becoming more popular in this area, separate homes are still fetching a premium price — especially those with ocean views. Parkland runs adjacent to the beach across the majority of the suburb, with beautiful walking tracks very popular with locals. Stumers Creek provides a great spot for a family afternoon by the water and has an off-leash dog area, so your furry friend feels included too. Coolum Village provides a range of retail options, amenities and well-know Coolum Surf Club is a great spot for a sunset beer .
EDUCATION As Coolum Beach is popular with families, there are a number of locals schools that service the area. Coolum State School educates students from Prep to Year 6 and is located just off the highway on Yandina Coolum Road. Coolum State High School sits much closer to the beach and down the Peregian Springs end of Coolum Beach on Havana Road East. For those interested in a private high school, Coolum Beach Christian College is located about ten minutes out of town in Yandina. In terms of tertiary education, the University of the Sunshine Coast’s Sippy Downs campus is just over 25-minutes drive away.
Currently, Coolum Beach is experiencing strong sales for new apartments, with most new developments selling out before construction commences. It is expected this demand (predominantly from downsizers) will continue in this sought-after area. Looking to the future, the Coolum Beach economy is expected to benefit tremendously from the development of the Maroochydore CBD, as are all Sunshine Coast suburbs. This 53-hectare site will be developed over the next 20 years. As a part of this development, there are also plans for a light rail system on the Sunshine Coast, with early-stage plans already in place that could dramatically improve transport connectivity to and from the Coolum Beach area.
Current projects in Coolum Beach LATITUDE 15– 17 Beach Road, Coolum Beach Three-bedroom apartments from $869,000. OCEANE 102 – 104 Coolum Terraces, Coolum Beach One, two and three-bedroom apartments from $430,000. DRIFT BY MOSAIC 1722 Coolum Esplanade, Coolum Beach Sub-penthouse remains available for $1,675,000.
DEVELOPMENTS Development in Coolum Beach is generally rather small scale, with boutique apartment buildings and small townhouse developments being the most common offering over the last few years. There is currently strong demand for luxury apartments in Coolum Beach, with only a limited number of projects available in the area.
Latitude Coolum Beach
The 56-apartment development by Mosaic Property Group, Drift, sold off-the-plan in almost record time. With construction only just beginning earlier this year, there is only one sub-penthouse remaining for sale. This trend was mirrored with the release of Latitude Coolum Beach in late 2018. With only seven apartments available, this development has received extensive interest from the local market with premium asking prices of over $850,000. Oceane Coolum
PROPERTYMASH.COM the place to search for new property
PAGE 37
What to check for IN A HANDOVER
The time is here. One last step and your new abode is yours to enjoy. As exciting as it is, now is not the time to get overwhelmed or complacent. There are several important things to check to make sure you’re happy with the quality of the workmanship before you sign on the dotted line. From paint on the windows to backwards door handles, make sure you don’t miss a thing! DOWNLOAD OUR HANDOVER CHECKLIST ONLINE NOW AT PROPERTYMASH.COM
LIVING SPACES + ENTRY
BEDROOMS
KITCHEN
It makes sense to start in the entryway of your new home when it comes to a handover inspection. Check the door paint and margins are consistent as well as hinges, screens and latches. Throughout the home, make sure the skirting boards and framework are not chipped or damaged. This is especially poignant for the entryway and living areas, as these would have received the most traffic from builders during construction. Final clean up of windows and door handles is something that’s frequently missed, so check for paint overspray in these areas. Always make sure to look up too. Cast your eyes at the ceiling paint and lighting fixtures to ensure no scuff marks or loose fittings. Take the time to turn all lights on and off to check the electrical work and confirm all bulbs are functioning. Finally, check all powerpoints are in place so you can enjoy that first night of TV on your new couch. If you have ceiling fans, turn them to the highest setting and wait at least five minutes to make sure there is no clicking or whirring.
Your bedroom should be your sanctuary. It’s the place you spend (ideally) at least a third of your day, so it should be perfect. Check the doors have cushion stops fitted to avoid damaging surrounding walls. Also, regarding the door, confirm there’s no excessive rattling when it’s windy, as this is something that will likely keep you up at night. Make sure the carpet is laid correctly and is clean, and all cornice lines are nice and straight. For built-in wardrobes, slide the door back and forth a number of times to make sure it’s smooth. Take note of any shelves or hanging rails and check they’re straight in both built-ins and walk-in wardrobes.
When it comes to the kitchen, you want to ensure all appliances have been fitted cleanly and securely. Check for leaks underneath the sink and tap fittings. If you have a Zip HydroTap installed, take time to confirm it has been fitted properly and functions as it should — even make yourself a cup of tea if you’re so inclined! Make sure stone benchtops are straight with filed edges. It’s also important to check that all cupboards and draws open and close softly and hinging is straight with decent sized screws holding them in place. Finally, make sure the splashback and all joinery have been sealed correctly.
Park Cove
BATHROOM + LAUNDRY
PAGE 38
PROPERTYMASH.COM the place to search for new property
e
l
When checking your bathroom and laundry, it’s important to go over everything with a fine toothcomb as plumbing errors can be expensive to correct. Check all doors open and close easily and towel racks are even. In terms of fittings, confirm the exhaust fan works okay as well as any heat lights. Check for chips and scratches on the surfaces of baths and showers and that all tiling is straight and tidy. Test all taps and shower heads for pressure, and take special notice of the temperature of the water, as sometimes hot and cold can be switched over. Take the time to carefully inspect all free-edge glass has been properly sanded down, as this can be a massive safety risk. One of our biggest tips for the bathroom and laundry is to use a torchlight to inspect darker areas.
Je
w
E as t
er n
V ill
as
PROPERTY REVIEW
SUNSHINE COAST THE HEDGE
SUBURB Buddina, Sunshine Coast
5 Bermagui Crescent, Buddina
PROPERTY TYPE Apartments
The Hedge holds the title of the first new apartment development at Buddina Beach in the last 20 years. The building includes one, two and three-bedroom apartments as well as several penthouses with construction anticipated to be complete by mid-2019. This $65 million luxury complex offers 97 apartments over five storeys and a ground floor with several commercial opportunities. On Level 6, there are five luxurious penthouses available, which feature three bedrooms and four bathrooms.
DEVELOPMENT SIZE 97 apartments
CONSTRUCTION STATUS Completion due July 2019
LOCATION
SALES SUITE Display suite open Wed – Sun
Situated directly across the road from Kawana Shoppingworld yet still only 250 metres to the beach, this development offers the best of both worlds. As well as a Big W, Coles, Woolworths and Aldi — Kawana Shoppingworld also has numerous specialty stores, restaurants and a brand-new cinema. At only three-minutes walk away, Buddina Beach is one of the most under-rated beaches on the Sunshine Coast. With sweeping dunes, clean white sand and gentle surf, you’ll be able to find a lovely little spot just to yourself — even on weekends!
COMMUNAL FACILITIES Residents at The Hedge will have access to a large resort-inspired pool, spa and gym. On the rooftop there is a landscaped garden with barbecue facilities and ocean views. A secondary terrace garden is complemented by a Parisian-style courtyard, making this development a stand-out project for green thumbs. Bike storage facilities are also available.
APARTMENT DETAILS All apartments will include one allocated secure car space at a minimum, with the two and three-bedroom apartments having two. Each apartment offers an open-plan living and dining area and a sleek kitchen with an island bench. The one-bedroom apartments are sized around 62 square metres, with the two and three-bedroom apartments sitting between 96 and 116 square metres. The five penthouses feature walk-in-robes and ensuites extending off all bedrooms as well as full-sized studies and media rooms spread over 400 square metres. Underfoot, you will find feature tiles in the living spaces and luxury carpet in the bedrooms. There is also onsite management at The Hedge.
STARTING PRICE $414,000 for apartments $1,500,000 for penthouses
Things we love... •
The Hedge is the first apartment development in Buddina in 20 years.
•
Apartments from Level 3 to Level 6 enjoy beautiful ocean views.
•
With so many shops and facilities close by, everything can be accessed within easy walking distance.
But remember that... •
The Hedge is directly across from the large Kawana Shoppingworld.
•
With 97 apartments in the complex, expect living at The Hedge to feel quite busy for a quiet suburb.
DEVELOPER DETAILS The Hedge is a project by Sunshine Coast-based boutique developer, Buddina Urban Development Group. The building was designed by iDesign2Build and local construction company RGD Constructions are handling the construction.
GET IN TOUCH WITH THE DEVELOPER... 5 BERMAGUI CRESCENT, BUDDINA CONTACT 1300 850 852
READ OUR FULL REVIEW OF THE HEDGE ONLINE AT PROPERTYMASH.COM
PROPERTYMASH.COM the place to search for new property
PAGE 39
PROPERTY REVIEW SUBURB Banksia Beach, Sunshine Coast
PROPERTY TYPE House and land
DEVELOPMENT SIZE 2,800 lots in total
LAND SIZE 450m² – 1284m²
FRONTAGE
Located on Bribie Island, Pacific Harbour offers true waterside living with large lots, open water access and white sandy beaches on your doorstep. 66 kilometres from Brisbane CBD to the south and 66 kilometres from Noosa to the north, Pacific Harbour finds itself in the middle of it all. There are plenty of restaurants and cafes with frequent community events held on the island too. Bribie is also home to medical centres, full-line grocery stores and boutiques offering a broad range of services. For those with children, there is a childcare centre, kindergarten, primary school and high school on Bribie Island.
STARTING PRICE $419,000 for house, land and marina berth (leased for 2 years)
Things we love... With direct access to Pumicestone Passage, this is a boaties paradise. The large lots at Pacific Harbour have exceptionally wide frontages.
But remember that... Bribie Island is an hour from Brisbane CBD, so is not ideal for commuters. •
Sitting on picturesque Bribie Island, Pacific Harbour is one of the few developments offering large lots and marina berths within an hour of Brisbane. While technically an island, the area is connected to the mainland by a bridge. Marina berths have direct access to Pumicestone Passage, with open water access into Moreton Bay. With 2,800 lots upon completion, Pacific Harbour is one of the largest master-planned estates on the coast, with new land constantly being released to market. Currently, there are numerous marina berth packages, as well as lots with golf course and park frontage for sale.
CONSTRUCTION STATUS SALES OFFICE
•
Corner Sylvan Beach Esp & Marina Blvd, Banksia Beach
LOCATION
Open daily from 9am – 5pm
•
PACIFIC HARBOUR
12.5m – 55m
Currently under construction
•
SUNSHINE COAST
Covenant regulations are extensive.
COMMUNAL FACILITIES Each of the estates within Pacific Harbour offers residents a range of communal facilities for exclusive use. This generally includes a clubhouse with pool, spa, gym, tennis court and steam room although this can vary between estates. Pacific Harbour Golf Course and the award-winning Pacific Harbour Country Club are also located within the development.
HOUSE & LAND DETAILS Pacific Harbour offers house and land packages as well as individual lots for sale. Homes are designed by Stylemaster Homes, Nutrend Quality Homes, Mancorp Quality Homes or Abbott Builders, with the majority featuring four bedrooms, two bathrooms and a double carport. Lots are sized between 450 and 1284 square metres, with the majority sized around the 600 square metre mark. The canal-frontage properties are a boaties dream, with many offering frontages upwards of 30 metres. While prices start at $419,000, the average price at Pacific Harbour is just over $610,000.
DEVELOPER DETAILS GET IN TOUCH WITH THE DEVELOPER... 83 FRESHWATER DRIVE, BANKSIA BEACH CONTACT 07 3408 7722
Pacific Harbour is a master-planned development from QM Properties. With over 25 successful projects across South-East Queensland, QM Properties have developed lakeside residential, canal, marina, commercial and industrial projects.
READ OUR FULL REVIEW OF PACIFIC HARBOUR ONLINE AT PROPERTYMASH.COM PAGE 40
PROPERTYMASH.COM the place to search for new property
WHAT DOES
$
1 MILLION BUY YOU
in 10 cities around the world
Depending on where you live, $1 million can buy you a lot, or not very much at all. We take a look at new off-the-plan apartment developments all across the globe to see just how far your money would stretch in these ten global cities.
Dubai
DAMAC TOWERS, BUSINESS BAY TWO-BEDROOM APARTMENT FROM $1,082,400
In a complex of 1,200 apartments, this two-bedroom residence is one of the larger million dollar buys at 125 square metres. Damac Towers sits in a newly-developing area of Downtown Dubai.
Damac Towers, Dubai
Melbourne
MOREVILLE, FOOTSCRAY THREE-BEDROOM APARTMENT FROM $1,088,000 This 113 square-metre apartment sits about 15 minutes from the centre of Melbourne’s CBD. As well as two private balconies, this three bedder has floor-to-ceiling windows and 2.7-metre ceilings. Stirling Residences, Singapore
Moreville, Melboune
Singapore
STIRLING RESIDENCES, DISTRICT 3 ONE-BEDROOM APARTMENT + STUDY FROM $952,000 Coming in at just under the million dollar mark, this apartment offers 46 square metres of space as well as access to an incredible 80 different facilities within the complex, including seven pools.
PROPERTYMASH.COM the place to search for new property
PAGE 41
Paris
CAMPAGNE PREMIÈRE, 14TH ARRONDISSEMENT STUDIO APARTMENT FROM $993,000 The location of this apartment development is very sought after, with the communal rooftop space offering views of the Eiffel Tower. $993,000 will get you a studio sized around 35 square metres.
Campagne Première, Paris
Canberra
ONE CITY HILL, CANBERRA CITY FOUR-BEDROOM APARTMENT FROM $1,045,000 This spacious four bedroom, two bathroom apartment features premium Franke appliances and high ceilings. The second floor podium features a gym, heated pool, theatre and function room.
One City Hill, Canberra
Auckland
The Pacifica, Auckland
THE PACIFICA, AUCKLAND CENTRAL TWO-BEDROOM APARTMENT FROM $977,000 Sitting on Level 42 of this luxury development, this “sky home” is finished with European appliances and premium fixtures. The Pacifica penthouse recently sold for a record-breaking $14.5 million. 11 Hoyt, New York
New York
11 HOYT, BROOKLYN STUDIO APARTMENT FROM $996,700 At 45 square metres, this studio is about standard size for downtown New York. With no balcony, all natural light comes through a floor-to-ceiling glass wall next to the living/dining/bedroom area.
PAGE 42
PROPERTYMASH.COM the place to search for new property
Brisbane
BANYAN TREE RESIDENCES, KANGAROO POINT TWO-BEDROOM APARTMENT FROM $950,000 These luxury riverside apartments, set atop the cliffs on the Brisbane River, measure from 109 –172 square metres and come with celeb-worthy communal facilities, free spa treatments and free international travel. There are also river-facing options from $1,215,000 — these two-bedroom apartments allow the morning light to flow in through the large floor-to-ceiling glass doors and create a perfect waterside sanctuary overlooking the city. The one bedroom, one bathroom apartments have large floor plans between 66 – 92 square metres. The spacious apartments along the riverfront are perfect as a base for young professionals and are available from $850,000, providing stunning river and city views. East-facing one bedroom apartments start at just $550,000.
Banyan Tree Residences, Brisbane
Banyan Tree Residences, Brisbane
London
LANDMARK PINNACLE, DOCKLANDS STUDIO APARTMENT FROM $995,600 When complete, this will one of the tallest residential buildings in London. The 51st floor studio is a poky 39.6 square metres, but commuting to the city would only take around 20 minutes. Teneo, Sydney
Landmark Pinnacle, London
Sydney TENEO, ALEXANDRIA TWO-BEDROOM APARTMENT FROM $955,000 Located about six kilometres from the CBD and due to be completed in 2020, this residence includes two bathrooms, a contemporary kitchen and decent-sized balcony — a rare offering for the price.
PROPERTYMASH.COM the place to search for new property
PAGE 43
DOWNSIZING
FUNDING YOUR RETIREMENT
According to the Australian Securities and Investments Commission, a couple living modestly will spend $39,353 on living costs every year (they estimate this can be up to $60,264 per year for a couple living comfortably). This means, if you retire at 65 and live until you are 85, you would need a minimum $787,060 to cover your living costs. This estimate is based on a few factors and the calculation assumes you own your own home. It is drilled into us by the financial sector that you have to put in the groundwork for your super in your early life to enjoy a prosperous retirement. But what if you didn’t? What if your super isn’t going to cover your estimated living costs? Well, don’t panic. As the Chinese proverb says “the best time to plant a tree was 20 years ago, but the second best time is now”. These tips can help you top up your super and live the retirement dream — without worrying about your finances.
1
Downsizing for an extra super contribution
In July last year, the Australian government introduced new laws to allow people over the age of 65 to add the proceeds from the sale of their home to their super fund. There are a few rules that come along with it: you have to have been living in the property for over ten years as your primary place of residence, the residence must be in Australia, you must add it to your super within 90 days of selling your home, you can only do this for one property, you can’t contribute more than you sold your property for, and the maximum you can contribute is $300,000 per person. There are of course many additional rules, and you should check you are eligible before selling your home.
2
Pocketing the extra from bills and maintenance
If you do choose to downsize you should see a noticeable drop in your monthly outgoings. With up to 40 percent of annual household costs involved in heating and cooling, moving to a smaller home will save you big time. This is especially true if you choose to purchase a new home as more modern properties generally use materials and appliances that are energy efficient. Put the money you are saving into your super — every little bit helps!
3
Renting extra rooms on Airbnb
4
Decluttering for some extra cash
Got some extra space downstairs that you aren’t using? Renting out your extra rooms on Airbnb is a great way to increase your weekly income without significant outlaying costs. If short-term rentals don’t appeal to you, longer term boarders are also a viable option.
Moving house is a great excuse for a clear out. Have you got antiques, valuable furniture, or artwork that won’t fit into your new home? Contact a local auction house to see how much you could get for it. Even if your furniture isn’t valuable, selling it on Gumtree or Facebook Marketplace could drum up some extra cash to add to your super and make sure you have enough in there to enjoy your retirement when the time comes.
LOOKING TO DOWNSIZE? Whether you are downsizing to retire or to release equity in your home, PropertyMash has all the information you need. Your children may have grown up and moved out, or maybe they are still living with you but require less space as they get older, maybe you want to move to a property with less maintenance so you can spend time with loved ones, perhaps you want a change of location, or a property you can “lock and leave” so you can travel more. Whatever the reason, there comes a time when the family home has done its job and you need something smaller. From deciding on the best time to downsize to decluttering ready for the move, read everything you need to know about downsizing on our website.
FIND OUR DOWNSIZING ADVICE PAGE AT PROPERTYMASH.COM/DOWNSIZING
Brisbane Skytower
PROPERTYMASH.COM the place to search for new property
PAGE 45
Coming up in the next edition... In our Winter 2019 edition, we will be turning our focus to the retirement living sector, as well as sharing insider tips on how to pick the best location for your new home. As always, we’ll have plenty more independent reviews of the hottest off-the-plan properties for you too.
THE GREAT LOCATION CHECKLIST: HOW TO PICK THE BEST SPOT IN YOUR AREA Whether it’s your first home, you’re downsizing to a new apartment or looking for an investment property; it really is true what they say: location, location, location.
SUNSHINE COAST VS. GOLD COAST Searching for a sea change? From local amenities to tourism, education options and economic trends, we compare the coasts to see which one is right for you.
DECODING RETIREMENT PROPERTIES Do you buy an independent living unit (ILU), a serviced apartment, a mobile home or a villa? Confused yet? We unravel the jargon to make the decision as easy as possible.
CAN’T WAIT THAT LONG? VISIT US ONLINE AT PROPERTYMASH.COM TO SEE THE LATEST NEWS AND CONSTRUCTION UPDATES FOR ALL NEW-BUILD PROPERTIES IN QUEENSLAND AND IN THE AUSTRALIAN CAPITAL TERRITORY.
Ocean by Meriton
PAGE 46
PROPERTYMASH.COM the place to search for new property
@PROPERTYMASH
LUXURY 1, 2, 3 & 4 BEDROOM FREEHOLD APARTMENTS WITH PANORAMIC RIVERFRONT VIEWS
FROM $550,000 INSPECT TODAY BY APPOINTMENT CALL ROSIE ON 0417 725 229 8 RIVER TERRACE, KANGAROO POINT BANYANTREERESIDENCES.COM/BRISBANE