Property prices on Brisbane suburbs near airport or under flight path continue to rise 23 November 2015 Aircraft noise has had minimal if any impact on property prices in suburbs near or under the flight paths to Brisbane Airport, a QUT analysis of 26 years of property sales, rental and investment performance have found. In fact, the study found property prices in some high value suburbs with high noise complaints increased at a greater rate than other similar suburbs unaffected by aircraft noise. Property economist Professor Chris Eves and Andrea Blake from QUT's School of Civil Engineering and Built Environment and the QUT Air Transport Innovation Centre analysed price, saleability, investment performance and capital growth from 1988 to 2014 of residential properties in 40 Brisbane suburbs either near the airport or under a flight path. "It is the most detailed and comprehensive analysis of the impact of aircraft noise ever undertaken in Australia," Professor Eves said. "In total we looked at more than 180,000 sales transactions in 40 suburbs ranging from those whose residents recorded the highest number of noise complaints to those which reported minimal or no aircraft noise. "Our findings suggest that factors such as proximity to transport, the Brisbane CBD, schools, recreation facilities, the airport and other services, far outweigh any negative impact experienced as a consequence of being under a flight path or from aircraft noise." Professor Eves said the suburbs were classified by the number of aircraft noise complaints recorded by Air Services Australia over [...]
Here are 5 reasons why selling in January is the best month of the year to sell on the Sunshine Coast and why we continually get results while the rest of the market is on holidays. Mark, Michael and Phebe and Madeleine are an award winning team that will help you get the jump on your competition. 1. More Buyers. There are more buyers looking in January than any other month. (source: realestate.com.au) due to people being on holidays, job transitions and school transitions. 2. Less Listings and Less Agents Every year a majority of agents go on holiday during the peak market, leaving you open for a great result without other listings for your property to compete with. Less listings means more buyers focusing on your home, with increased competition pushing up the price. 3. Lower Days on the Market Buyers commit to properties faster and more easily as most decision makers are available with time off work. In addition we are dealing with buyers who must purchase at this time of year and thus cannot afford to be as choosy or haggle as much. This leads to faster sales and better prices. 4. More Interstate Buyers Our unique online marketing targets interstate buyers more effectively. It is important to understand many of these aren’t investors, but families driven by job or school transfers meaning they must buy in time for the new school/work year and often pay a premium. While having extra buyers in the market place is fantastic, [...]
From 1 July 2017, the withholding tax rules that were introduced last July for properties $2 million and above, will now apply to all property transactions where the market value of the property is $750,000 and above.Although the new laws are aimed at foreign residents, real estate agents must be aware that these new laws impact all property sales at $750,000 and above. Summary The new laws require a purchaser to withhold 12.5% of the purchase price of real property valued at $750,000 and above and to pay that amount to the Australian Taxation Office (ATO) on settlement unless the seller obtains a clearance certificate.The new laws will start on 1 July 2017 and are aimed at vendors that are ‘foreign persons’. However, these laws will impact all property transactions valued $750,000 and over, irrespective of whether the vendor is a foreign person or not.For any sale contract entered into on or after 1 July 2017 where the purchase price is $750,000 or greater, the purchaser has a statutory obligation to withhold 12.5% of the purchase price at settlement from the vendor and pay that amount to the ATO unless the vendor can provide a clearance certificate.Following settlement, the vendor applies for a tax credit in relation to the amount withheld by the ATO for the capital gains liability arising from the transaction.This means that Australian resident vendors who are selling property with a market value of $750,000 or above will need to apply for a clearance certificate from the [...]
Provided from the REIQ Complying with the Fire and Emergency Services (Domestic Smoke Alarms) Amendment Act 2016 By Michael Gapes, Partner, Carter Newell Lawyers November 3, 2016 Introduction In this article, we will review the Fire and Emergency Services (Domestic Smoke Alarms) Amendment Act 2016 (Qld) (the Act), which was passed by the State Government on 31 August 2016. The Act, which commences on 1 January 2017, amends the Fire and Emergency Services Act 1990 (Qld) and imposes additional obligations on property owners with regards to the installation and maintenance of smoke alarms at domestic dwellings, which all real estate agents need to be fully conversant with. Further, we will refer to the Building Fire Safety (Domestic Smoke Alarms) Legislation Amendment Regulation (No.1) 2016 (Qld) (the Regulation) which also commences on 1 January 2017. So why was the Fire and Emergency Services Act 1990 (Qld) amended? There have been 150 house fire deaths in Queensland in the past 12 years. In 2011, the tragic death of eleven people, including eight children, in a Slacks Creek house fire was described by the Coroner, James McDougall, as “the greatest loss of life in a domestic house fire in Australian history”. In this instance, the Coronial Report noted “that smoke alarms were either not present in the dwelling or were not maintained”. The State Government committed to fully implement the changes recommended by the inquest and with the introduction of the new legislation, Queensland will now have the most effective and comprehensive smoke [...]
When you have found the property you wish to purchase, it is important to understand the steps involved in securing the property. Firstly, if you have interest at any level make your intentions known to the agent, many buyers have missed out on properties by a matter of days or even hours. Property owners receive all types of interest, some genuine and some not. Some people submit offers to test the possibility of a sale, but do not actually stay true with their offer. This can lead to frustration and concern for the owners as they try to assess who is actually a genuine buyer. The best way to present a strong offer on any property is by utilising the general tips below and making sure they have been completed. Step 1 – Provide the Agent with your full details. – The actual purchase price you would like to pay for the property. – The Method by which you pay the deposit and timeframe of deposit. ie: 5% and by EFT/Bond/Cheque – The settlement period which you require or the vendor has stipulated. – The name of your chosen solicitor or conveyancer – Any special conditions or requests that you may have so that we can inform the owner. Step 2- Confirm The Time Frame Available to Do Investigations Find out if the property has a deadline on it, such as auction or offers from other interested parties. Do you have any time frames that you need to meet such [...]
THE REIQ has highlighted the need for compulsory professional development (CPD) for the real estate profession. The call was made at the 2016 REIQ Awards for Excellence at Brisbane City Hall on Saturday night. REIQ chairman Rob Honeycombe addressed almost 600 guests, including State Minister for Housing Michael de Brenni, who reinforced the need for close cooperation on the issue. "This is an important issue that contributes significantly to consumer protection," Mr Honeycombe said. "The purchase and sale of property is often the most significant transaction many Queenslanders will make and having a highly trained professional facilitate that process is crucial.'' View the full article here Underlining the value of consistent training and mentoring was this year's winner of the 2016 Residential Salesperson of the Year Award, Mark McGill of Amber Werchon Property at Mooloolaba. It was the second time Mr McGill has won the award in his seven-year career after being a finalist the past two years. He follows fellow Sunshine Coast agents Amber Werchon, Dan Neylan and Damien Said at having won the award two or more times. To be a finalist four years in a row has given Mr McGill access to meet and collaborate with Australia's top performing agents in all markets. "Collaborating with them and driving innovation helps to stay ahead of the market and at the forefront of the industry. "You also learn a lot from teaching. That holds you a bit more accountable." The consistency in which Sunshine Coast agents succeed at the [...]
Mark McGill has been awarded the highest accolade in the real estate industry being announced as the 2014 REIQ Awards for Excellence - Salesperson of the Year, at a gala event held in Brisbane City hall. Full story found at https://www.sunshinecoastdaily.com.au/news/double-for-amber-and-her-team/2164447/ AMBER Werchon Property principal Amber Werchon has earned her share of awards over the years, but described her company's victory at the REIQ Awards for Excellence in Brisbane on Friday night as the sweetest yet. The Sunshine Coast agency was awarded Medium Residential Agency of the Year while employee Mark McGill was named Residential Salesperson of the Year. About 500 finalists and guests, including Premier Campbell Newman and Attorney-General Jarrod Bleijie, attended the gala event. The REIQ awards are considered the pinnacle achievement for real estate practitioners in Queensland and are judged on professionalism and best practice. "It's always humbling to be a finalist, and we have been fortunate enough to be a finalist for the past five years, but to win is the ultimate honour and a true testament to the hard work and professionalism of my team who work at the highest level always to ensure we deliver the best service possible," Ms Werchon said. "Out of all the awards I've been fortunate enough to win, this one is particularly sweet because it's a team award, it's about all the wonderful individuals who work with me. "I'm so proud of them, they are outstanding - this award is for all of us." Ms Werchon said [...]
Many people ask if they should renovate or should they sell. The truth is, it really depends on each individual situation, and the possible potential available to be obtained. The link above is an interesting video that shows a case study where it was successful to renovate. There is also a future issue I can see coming with depreciating buildings which are at the age now where they are losing value now, irrespective of the market going up or down. There is some game changing new building solutions which I hope to discuss further in the year...watch this space.
From the moment you arrive at Ascot Manor, you will be impressed with this immaculate residence, over the years it has grown into one of the most sizeable properties you are likely to experience. There are 6 bedrooms, 4 of which are centred around an impressive indoor heated pool which is ideal for privacy and great all year round. Living areas are in abundance with two lounge rooms for informal entertaining and a games room with a pool table, bar and even air hocky for the kids. All of the living spaces seamlessly flow out onto the covered outdoor area, just perfect for entertaining. Set on 1 acre you’re surrounded by pristine landscaped gardens which offers privacy and space, catch the morning sun by the swimming pool and Balinese bungalow and at night time, you can catch a movie in the private 12 seat movie theatre, or enjoy a dinner party around the formal dining area. With 4 undercover car parks and a substantial 3 bay shed, the optional uses for this property are abundant. If you enjoy the horse races you’re tucked away in an exclusive acreage estate behind Corbourld Park Turf Club, and located ten minutes away from Caloundra beaches and the Pumistone Passage. Ascot Manor… has room for your everything.
Just like Bali, the best retreats are hidden from the street. 4 bedrooms, Study, 3 bathrooms, two living areas on a rare 1062 sqm of land, there is plenty of space to lose yourself here. Enjoy the serenity in Alexandra Headland just a stroll to the beach. The FEEL of this house is what will amaze you. If space and tranquillity is what you seek, here is your home To enquire send an email to [email protected]