Latest news with #propertymarket
Yahoo
8 hours ago
- Business
- Yahoo
£1.6m home where buyers can customise the interior hits the market in south Essex
A five-bedroom detached house in south Essex has hit the market with the option for buyers to personalise the interior before completion. Listed at £1,600,000, the newly built property on Westley Road, Langdon Hills, is described as an "exceptional new build" and is currently under construction, with completion expected in early autumn. According to the listing by Binks and Brown, buyers can choose their own fixtures, finishes, and design touches, or opt for the developers to complete the home to the same standard as the neighbouring house. Arranged across four floors, the home includes an open-plan kitchen and living area that extends across the rear of the property. The proposed open-plan kitchen space (Image: Binks and Brown / Zoopla) The listing states this space is "perfect for entertaining". The basement level provides a dedicated cinema room, while the upper floors boast the bedrooms, each with its own en-suite bathroom or shower room. The listing describes the bedrooms as "spacious" and arranged across the upper floors. Located in the Langdon Hills area, the property is positioned in a semi-rural setting with access to local amenities and transport links. The proposed cinema room (Image: Binks and Brown / Zoopla) Langdon Hills Country Park, which covers over 400 acres, is within walking distance, and the listing highlights views of the Thames Estuary from the park. Laindon Railway Station is nearby, providing connections into London. At the front, the house features a driveway with space for off-street parking. One of the proposed bedrooms (Image: Binks and Brown / Zoopla) A rear garden is described as "beautifully designed" and is intended to extend the kitchen and living area outdoors. The listing says the property offers a "turn-key opportunity" for buyers seeking a new home without the need to manage planning or construction. According to the listing, the developers are known for "meticulous attention to detail". One of the proposed bathrooms (Image: Binks and Brown / Zoopla) A spokesman for Binks and Brown wrote: "Finding the perfect plot, navigating planning approvals, and selecting builders all the hard work has been done for you. "This is a rare "turn-key" opportunity to acquire a brand-new home in a thriving location, with the freedom to make it your own. "Don't miss the chance to create your dream home in this prime Langdon Hills setting. Contact us today to arrange a viewing."
News.com.au
16 hours ago
- Business
- News.com.au
Qld's 20 biggest home sales of the year revealed
The Sunshine State is fast becoming the nation's new money magnet for property seekers, with a record-breaking $40m Queensland deal making the country's list of the 20 biggest sales of the financial year. A whopping $380m was spent on just 20 residential properties in the past 12 months — five in Brisbane, and the rest scattered across the Gold Coast and Noosa — with agents reporting an exodus of Melbourne buyers and an influx of local buyers. Among the cashed-up buyers and sellers are an airport magnate and airline CEO, a professional surfer, a fashion label founder, and an online betting guru. From LA-inspired mansions and rare beachfront blocks on the Gold Coast to large estates in Brisbane's fanciest suburbs, there was no shortage of money changing hands for properties priced above $5m, despite the struggle for many to even get into the market. Cohen Handler Queensland director Jordan Navybox said the level of interest in Brisbane properties in the $5m-plus category had been 'huge'. 'In suburbs like Teneriffe and Ascot, only a handful of properties are on the market,' Mr Navybox said. MORE: Owners collect 20-times profit on stunning beach shack sale Mr Navybox said the broader Brisbane market continued to show 'remarkable resilience' in the current high interest rate environment. 'Since January, of our 210 purchases so far, we have sourced and purchased 37 properties over $5m, including 12 over $10m. That increase in prestige transactions over the past five years is tenfold. Queenslanders are investing more and more in their principal place — and rightfully so being the only tax free asset we'll own. 'There's a lot of noise out there, geopolitically, post-election legislation, pending interest rate decisions, volatile stock market, but in South East Queensland, confidence is holding. 'ANZ is forecasting a nine to 10 per cent uplift in Brisbane property prices for the calendar year, outpacing other capital cities once again. 'I expect the growth to be greater than that if we see the 75 basis point total rate reduction that is forecast by Christmas.' Place Estate Agents managing director Sarah Hackett, who negotiated two of the biggest apartment sales of the year, said demand for apartment living was 'so strong'. 'We've got so many people wanting to downsize and forgo the maintenance of a big home and go to one level of living,' Mrs Hackett said. 'They want something of scale, but without the upkeep.' She said many people in New Farm, Hamilton, and surrounding suburbs, were looking to downsize to house-sized apartments. On the Gold Coast, the Kollosche team reported a number of suburb records were broken during the past year. 'While blue-chip locations such as Broadbeach Waters, Sorrento and Mermaid Waters continued to excel, new benchmarks were also set in emerging suburbs such as Bilinga, Currumbin Waters and Pacific Pines,' the agency stated in its end-of-year report. 'These results suggest that buyers are casting the net wider, exploring up-and-coming areas where value and lifestyle align.' QLD'S TOP 20 HOME SALES OF FY 2025 1. Jefferson Lane and Fourth Ave, Palm Beach - $40m The couple behind this buy blew away the competition when they dropped $40m on a beachfront property in Palm Beach — a new Queensland residential sale price record. The amalgamated purchase, which spans 1525 sq m over three titles, was sold by former Sydney Swans AFL player and property investor Tony Smith, who owns FINNS Beach Club in Bali. The buyer plans to demolish the 1960s beach shack, villa, and timber pole house on the site to make way for two new beach homes. 2. Sutherland Ave, Ascot - $23m A new record home price for Brisbane was established with the sale of a heritage-listed home in the affluent suburb of Ascot for $23m through Damon Warat of Ray White Ascot and Jordan Navybox of Cohen Handler Queensland. The property had been renovated by construction boss Brett Walker of BWC Group, who paid $10m for it in 2021. 3. Noosa Pde, Noosa Heads - $22.5m A richlister who made a fortune selling off a childcare business snapped up this $22.5m holiday home and has made it available for the experience of a lifetime on his private Airbnb-style service. Brendan McAssey, who sold his now 80-strong childcare chain Only About Children for circa $400m over eight years ago, has been steadily buying up luxury 'toys' that he makes earn their keep via a prestigious Airbnb-style service for the wealthy. The six-bedroom, six-bathroom trophy home designed by Stephen Kidd was sold by Nic Hunter and Tom Offermann of Tom Offermann Real Estate. 4. Mcmillan Court, Southport - $22m Former Gold Coast Suns boss Tony Cochrane and wife Thea sold their Gold Coast mansion for $22m. The Cochranes, who are global sports and entertainment producers, had had the property on the market since November, 2023. Coastal's Matt Lanyon and McGrath Gold Coast North's James Courtney teamed up to get the mega deal sealed. Set over four levels, the home includes five bedrooms, seven bathrooms and a six-car basement. 5. Gordon St, Hawthorne - $20.25m This riverfront property sold for $20.25m through Sarah Hackett of Place Estate Agents to a local family. The six-bedroom home on a 2985 sq m block has 32m of river frontage, a 20m private jetty, a riverside pool and bar, tennis court, and gym, to name just a few of the features. 6. Jefferson Lane, Palm Beach - $20.2m A pair of original beachfront shacks yielded an astonishing 20-fold profit for a family who had held the land for more than 30 years. Records show online betting guru Andrew Fahey was the buyer of the 817 sqm parcel at Palm Beach after making an unprecedented offer that trumped several developers. Marketing agent Nick Williams, of Williams Real Estate Indooroopilly, said the buyer intended to build a showstopper family home after flipping another property. Records show the Brisbane-based owners, Rhiannon Wihardjo and Linda Fan, paid $1,072,500 for the two lots with combined 20m beach frontage in 1993. 7. Virginia Ave, Hawthorne - $20m A Brisbane riverfront mansion listed by a major pharmacy chain's founder sold late last year after a search for an offer more than $20 million. Don Gardiner and his wife Colleen initially put their Hawthorne mansion up for sale in August of 2023, later pausing the sale and resuming in 2024. The five-bedroom, six-bathroom home was sold by Sarah Hackett, who described it as a 'once in a lifetime' opportunity. The buyer remains confidential. 8. Newstead Tce, Newstead - $20m A new record was set for Brisbane's apartment market in February with the sale of this iconic penthouse. The 1060 sqm, riverfront property in the exclusive Pier development in Newstead was formerly owned by retired company director, Howard Stack and his wife, Hilary, who paid $14.25m for it in 2008 — a record at the time. 9. Southern Cross Drive, Surfers Paradise - $18.5m This Hollywood Hills-style mega mansion on a prized Main River triple block sold under the hammer for $18.5m in February. Thirteen, mostly local, bidders registered for the Surfers Paradise trophy home following a high-profile sales campaign by Kollosche principal, Michael Kollosche, and agent, Jamie Harrison. 10. Marseille Court, Sorrento - $18m This extravagant mansion, known for hosting parties with world-famous celebrities, was once the Gold Coast's most expensive home: built in the 1980s for businessman Sir Justin Hickey and his wife, Lady Barbara Hickey. The two would go on to host a range of opulent parties on the property, with guests such as Frank Sinatra, Whitney Houston, Sultan of Brunei Hassanal Bolkiah, and the Rolling Stones. 11. Refinery Pde, New Farm - $17.5m In one of the biggest sales for Brisbane this year, a mega penthouse with a wellness centre and eight-car garage in New Farm sold for $17.5m. The seller, Brisbane expat Ben Cleary, a director of multi-billion dollar fund manager, Tribeca Investment Partners, paid $10m for the property in 2020 — a record price at the time. Place Estate Agents managing director Sarah Hackett negotiated the sale of the property to a local family. 12. Hedges Ave, Mermaid Beach - $17m This mansion on Hedges Ave, Mermaid Beach, had been held by the same family for 25 years before recently selling off-market for a price that sets a benchmark for the coveted oceanfront stretch known as Billionaire's Row. The sale equates to $41,975 per square metre. Records show the property had been owned by Louise Gordon since December 2000, when it was purchased for $1.55m. 13. Minyama Island, Minyama - $17m This near-new, jawdropping mansion smashed the suburb sale price record when it sold earlier this year for $17m through Jordan Lund of Elite Lifestyle Properties. The luxurious, architecturally-designed property on Queensland's Sunshine Coast was snapped up by a young businessman from interstate. 14. Allambi Rise, Noosa Heads - $16.9m This decades-old cottage with sea views, originally built in the 1960s, was snapped up by a highflying Brisbane buyer. The property had been owned for the past 50 years by a Melbourne family, trading under Hemingway Holdings Pty Ltd. 15. Hedges Ave, Mermaid Beach - $16.75m The owner of Australia's only privately funded airport, Toowoomba Wellcamp forked out almost $17m for this beachfront holiday home. Records show the vendor, Azzura Group boss Roberto Badalotti, purchased the property for $9m from former Gold Coast Suns chair Tony Cochrane in 2007. Three years later, the property transferred to Mermaid Property Group for $4.1m, with Mr Badalotti listed as a director of the company. 16. Monaco St, Broadbeach Waters - $16.5m The luxurious Gold Coast estate known as The Bachelor mansion sold for $16.5m six months after the sensational collapse of an $18m contract on the riverfront trophy mansion. The Broadbeach Waters property that was used as the backdrop of The Bachelors, which aired on Channel 10 in January, 2023, first hit the market in 2023. Property records reveal the seller, Sharon Cummings, paid $14.5m for the estate in October, 2021. 17. Hilton Tce, Noosaville - $16.5m Once the home of the late philanthropist, Harry Spring, who donated much land to the Noosa community, this riverfront site was snapped up before going to market just last week. Selling agent Tom Offermann of Tom Offermann Real Estate said it sold to a buyer on his database who 'recognised the rarity' of the 1940 sqm, north-facing site with a jetty and boat ramp. The new owners plan to demolish the current house and re-build. 18. Golden Four Dr, Bilinga - $16.05m Surf legend Mick Fanning scored $16.05m for his beachfront dream home in a pre-auction wipeout deal setting a new benchmark for the southern Gold Coast. The three-time world champion's Bilinga property was snapped up by a local family a week before it was scheduled to go under the hammer, becoming the most expensive residential home sold between Coolangatta and Currumbin. 19. Monaco St, Broadbeach Waters - $15.51m An entertainer's dream home built by Thunder From Down Under founder Billy Cross and his wife Jackie changed hands for $15.51m earlier this year. The entrepreneurial couple sold their LA-inspired mansion to former KPMG global executive James Collier for $12.4m in July 2021, but he put the trophy home back on the market three years later. It had been listed at $16.75m, but the vendors dropped their asking price and sealed a deal. 20. Bayview Rd, Noosa Heads - $15m Bidding started at $10m when this property went to auction in November, before selling to a mystery buyer, who plans to use it as a 'home away from home', according to marketing agent Chris Miller of Tom Offermann Real Estate. It was built by Deborah and Glen Watson, whose previous luxury homes in the area have sold for as much as $13.5m. *************************** 20. 55 Knightsbridge Parade West, Sovereign Islands - $14.5m Buyer: Undisclosed Seller: John Corbett This sprawling waterfront estate on Sovereign Islands changed hands for $14.5m. The seven-bedroom, nine-bathroom house on a 1,458 sqm canalfront lot featured a distinctive medieval-style facade and was known locally as 'the castle'. Coastal agent Edin Kara negotiated the sale. 24 Winch Court, Mermaid Waters - $14.005m 153 Hedges Ave, Mermaid Beach - $13.75m, May Buyer: Wade and Caroline von Bibra 16. 38 Seaview Tce, Sunshine Beach - $13.1m, September Buyer: Brad Heath, managing director of Sure Insurance 17. 56 Windermere Rd, Hamilton - $13m Seller: Retail entrepreneurs Michael and Melissa Josephson, founders of Universal Store 18. 19 Key Court, Noosa Heads - $13m, July Buyer: Regis Healthcare co-founder Bryan Dorman 19. Wendell St, Norman Park - $13m, June Seller: Max Panettiere of Panettiere Developments 71 Jefferson Lane, Palm Beach - $13m, August 20. 8/49 Maxwell St, New Farm - $12.8m, January Buyer - John O'Brien, wife Helen, founder of Poolwerx 20 Langisde Rd, Hamilton - $12.7m, 9/81 Hastings St, Noosa Heads - $12.51, November Buyer: Cameron Bertalli, CEO and Managing Director of Patterson Cheney Cars and Truck 7 Prospect Tce, Hamilton - $12.3m, September Buyer - Louis Zenonos Seller: Adam and Daniella Carmichael, who relocated to Brisbane after selling up their auto dealerships in Townsville 30 Mount St, Burleigh Heads - $12m, March Seller: Adam Sullivan Buyer: RSL Queensland for Dream Home Art Union 28/74-86 Old Burleigh Rd, Surfers Paradise- LA Sabbia penthouse 2 Wave St, Mermaid Beach - $11.6m, April Steven Stoddart Whipbird, Panorama , Doonan - $11.2m 12 Elystan Rd, New Farm - $10.7m, December Seller: Buyer: Jamie and Nicky Charman
Daily Telegraph
19 hours ago
- Business
- Daily Telegraph
Hundreds cram into front yard for the auction no-one wanted to miss
More than 200 people watched a new house in Roseville Chase sell under the hammer for a record $6.25m. The underbidder only turned up drawn by the big crowd, but he promptly registered and helped bid up the price to the third highest in Roseville Chase and the highest for a home on less than 1000sqm. Stefon Bertram, of Pello, said 22 contracts were handed out on 8 Warrane Rd and bidding opened at $5m at the weekend auction. MORE: $140m in sales at Balmain Leagues Club 'eyesore' 'The first bid flew out of the gate before we had finished our opening spiel,' he said. 'Often you just hear crickets at the beginning of an auction but this one saw very fast bidding and it was all over very quickly,' he added. The guide for the five-bedroom, four-bathroom home with pool on a 681sqm level block was $5.3m – way higher than the suburb median of $3.455m. A local developer bought the original house on the block in August last year, knocked it down and rebuilt. The new owners are a family from Mosman. Stefon said buyers loved the design of the home, the northern aspect, the pool visible from the house and the outdoor kitchen. 'There has been confidence in the market since the election and after the second interest rate cut it was like someone had turned on a hose,' he said. 'We had old buyers from 12-18 months ago cycling back into the market with new buyers, so although stock is similar to last year there is now more demand,' he said. Roseville Chase is one of Sydney's most tightly held suburbs with only 2 per cent of homes changing hands in a year compared to 4.6 per cent turnover for Sydney as a whole – according to PropTrack. The suburb record is $6.67m for a house in Lockley Pde on 1239sqm of land which sold in 2022 and the second highest sale is $6.4m for a house on Ormonde Rd on 4518sqm which changed hands last year. MORE: Security guard's big win on apartment he scored in lottery
News.com.au
a day ago
- Business
- News.com.au
Hundreds cram into front yard for the auction no-one wanted to miss
More than 200 people watched a new house in Roseville Chase sell under the hammer for a record $6.25m. The underbidder only turned up drawn by the big crowd, but he promptly registered and helped bid up the price to the third highest in Roseville Chase and the highest for a home on less than 1000sqm. Stefon Bertram, of Pello, said 22 contracts were handed out on 8 Warrane Rd and bidding opened at $5m at the weekend auction. 'The first bid flew out of the gate before we had finished our opening spiel,' he said. 'Often you just hear crickets at the beginning of an auction but this one saw very fast bidding and it was all over very quickly,' he added. The guide for the five-bedroom, four-bathroom home with pool on a 681sqm level block was $5.3m – way higher than the suburb median of $3.455m. A local developer bought the original house on the block in August last year, knocked it down and rebuilt. The new owners are a family from Mosman. Stefon said buyers loved the design of the home, the northern aspect, the pool visible from the house and the outdoor kitchen. 'There has been confidence in the market since the election and after the second interest rate cut it was like someone had turned on a hose,' he said. 'We had old buyers from 12-18 months ago cycling back into the market with new buyers, so although stock is similar to last year there is now more demand,' he said. Roseville Chase is one of Sydney's most tightly held suburbs with only 2 per cent of homes changing hands in a year compared to 4.6 per cent turnover for Sydney as a whole – according to PropTrack. The suburb record is $6.67m for a house in Lockley Pde on 1239sqm of land which sold in 2022 and the second highest sale is $6.4m for a house on Ormonde Rd on 4518sqm which changed hands last year.
Reuters
a day ago
- Business
- Reuters
China's central bank pledges to speed up policy response to economic conditions
BEIJING, June 27 (Reuters) - China's central bank said on Friday that it would adjust the pace and intensity of policy implementation in response to domestic and global economic and financial conditions. The world's No.2 economy has faced pressure this year due to U.S. President Donald Trump's imposition of tariffs on Chinese products and persistent deflationary pressure at home. "The external environment has grown increasingly complex and challenging, with weakening momentum in global economic growth, rising trade barriers, and diverging economic performance among major economies," the People's Bank of China (PBOC) said in a summary of its quarterly monetary policy committee meeting. The economy "still faces difficulties and challenges such as insufficient domestic demand, persistently low price levels, and multiple hidden risks," the bank said. "It is suggested that the intensity of monetary policy adjustments be increased, and the forward-looking, targeted and effective nature of monetary policy adjustments be enhanced," it added. The central bank said it will guide financial institutions to step up credit supply, and push for the lowering of overall social financing costs. It also pledged to enhance the resilience of the foreign exchange market, to guard against the risk of exchange rate overshooting, and to keep the yuan exchange rate "basically stable at a reasonable and balanced level." On the beleaguered property market, the bank said it will increase efforts to revitalise existing commercial housing and land inventory, and continue to consolidate the "stable momentum" in the sector.
