December 5, 2012
February 10, 2012
Prime Cuts
The picture of last year's housing market, and what it might look like this year, is becoming a little clearer. Two sets of figures are out showing the price falls of last year eased in the final few months of 2011. Capital city home values fell 0.5% in the December quarter, an improvement on the 13% decline in the previous three months, according to RPData. Australian Property Monitors figures found zero growth for the December three months. With interest rates falling, optimism edged back in; that was until companies began cutting jobs straight after Christmas. The upshot is a year of housing markets moving sideways.
Turi Condon, Property Editor, Weekend Property
The Weekend Australian
January 11, 2012
Buyers Find Hidden Gems
Shorncliffe has been revealed as one of Greater Brisbane's most successful property growth suburbs, according to RPData.
House prices in Shorncliffe have risen by 26% since 2006, which ranks them fourth for price growth in the Greater Brisbane area.
Bahrs Scrub topped the list at 34% while Mount Crosby came second at 30.1%.
Shorncliffe vendors Paul and Jan O'Brien are selling their home at 14 Eagle Terrace after 12 years living in the area. After spending $250,000 on the land in the late 1990s, their architecturally designed four bedroom home has now been put on the market for offers over $2million. Mr O'Brien said he's surprised at how much land is now worth.
"It was very much a country sort of a place," he said. "When we moved here, the retail strip wasn't there, it wasn't the popular place to go - it was a hidden treasure."
Mr O'Brien said people were now drawn to Shorncliffe for its good schools, cool sea breezes, access to transport and views of the coastline.
House prices in Shorncliffe have risen by 26% since 2006, which ranks them fourth for price growth in the Greater Brisbane area.
Bahrs Scrub topped the list at 34% while Mount Crosby came second at 30.1%.
Shorncliffe vendors Paul and Jan O'Brien are selling their home at 14 Eagle Terrace after 12 years living in the area. After spending $250,000 on the land in the late 1990s, their architecturally designed four bedroom home has now been put on the market for offers over $2million. Mr O'Brien said he's surprised at how much land is now worth.
"It was very much a country sort of a place," he said. "When we moved here, the retail strip wasn't there, it wasn't the popular place to go - it was a hidden treasure."
Mr O'Brien said people were now drawn to Shorncliffe for its good schools, cool sea breezes, access to transport and views of the coastline.
Second Avenue Realty principal Gai O'Driscoll said people looking for potential investment suburbs should consider anything near water. "In this area, the closer you are to the trainline, shops and waterfront, the more you get for your money," she said.
Article by Ben Johnson Printed in the Northside Chronicle Property
11 January 2011
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