Latest news with #BelleProperty
News.com.au
03-06-2025
- Business
- News.com.au
What it takes to get your house to blow up in 2025's online marketplace
When Visna Kogle was told she was selling one of Queensland's most-viewed properties, she said she wasn't surprised. Her home at 170 Camelot Pl, Bridgeman Downs, is one of Queensland's most-viewed houses for sale over the past 12 months: an acreage property with 9628 sqm of space and one of the area's freshest looks. 'This is, from what I'm aware of, the most newest modern, up to date acreage home in this entire area,' she said. 'Definitely lots of interest, which is a nice thing … it's probably what I experienced when I was going through, looking at properties like that.' Ms Kogle moved to Brisbane several years ago, and was looking for appealing acreage homes when she stumbled across one being sold by its owner-builders. 'I was instantly drawn to this particular place [with] the feeling that it gave,' she said. 'I have this feeling like I'm in this peaceful resort retreat; it's got all this calmness and space and the modernness through the architectural design, but everything's integrated with nature.' While she was living with her children there for a while, Ms Kogle said her dog Winston was the one who got the most enjoyment out of the property's vast open space. 'He's out wandering around this entire two and a half acre property like it's a park all day, every day,' she said. The property is around 8 years old now, and Ms Kogle's need to move interstate again has put the home back up for grabs. It's been advertised by Belle Property Bridgeman Downs for its multi-generational potential and proximity to the city. Agent Ben Ball of Belle Property Bridgeman Downs said the property was one of their biggest projects at the moment, with an advertising campaign across social media and magazines with hundreds of thousands of subscribers. 'We are mostly seeing people wanting to buy this as a second or third home,' he said. 'We are seeing a huge understanding that when you're talking about this amount of land, it's just going to get rarer and rarer over time.' 'To recreate that product would almost seem priceless. It's a very expensive world to build in at the moment.' Ms Kogle said she felt some of that popularity came from how rare it was to get a chance to buy in an area that is usually tightly held-onto, such as Bridgeman Downs. 'This is a really special pocket here,' she said. 'People don't tend to leave a lot once they arrive here. Homes are often kept in families for generations.'
News.com.au
26-05-2025
- Business
- News.com.au
Sydney auctions: rate cuts deliver immediate price boost
Interest rate cuts have triggered big spending from home buyers at Sydney auctions, with a rundown cottage among the most notable sales, selling for $700,000 over the vendor's expectations. Substantial sales occurred just days after more than 50 lenders announced they would be passing on the Reserve Bank's Tuesday cash rate cut, the second cut in four months. Experts noted that interest rate cuts had been expected to drive bigger spending in the housing market, but the recent market rally was bigger than anticipated. Preliminary indicators showed about 73 per cent of auctions were a success last week, up from about 65 per cent the week prior to the cut and the second strongest week of activity so far this year. A dated weatherboard cottage in Ryde was one of the most sought after properties, selling under the hammer for $2.3 million – markedly higher than the vendor's $1.6 million reserve. Auctioneer Chris Scerri, who called the auction on behalf of Belle Property agent Alex Macri, said the rate cut was a factor in the higher than expected price. He noted that the main impact of the cuts was a 'boost in confidence' that encouraged bidders to offer higher amounts than expected. There were 15 registered bidders. The vendors of a three-bedroom house in Lane Cove also got a much higher price than expected. They had set a $2.75 million reserve for their house on Sutherland Ave, which was smashed by $50,000 on the first bid. The home ended up selling for $3,215,000 – $465,000 over reserve. Auctioneer Edward Riley, who called the sale on behalf of agent Ella Elias, said there was a sense of urgency from buyers at the auction. 'With interest rates cut again (last) week, we're starting to see FOMO creep back into the market. Buyers are increasingly concerned that if they don't act now, they'll miss out as the market gains momentum.' In the eastern suburbs, a modest Tamarama unit sold for $2.2 million after a whopping 25 bidders registered for the auction. For some perspective, the average auction late last year had about two bidders. Selling agent Angus Gorrie of Ray White Eastern Beaches noted that the property 'needed some work'. It comes as polling from showed there was growing confidence in the market: 36 per cent of Aussies surveyed said they believed it was currently a good time to buy. This was a notable jump from the 25 per cent who felt this way in 2023, when rates were still climbing. Baby Boomers and Millennials were feeling particularly confident with just under half indicating they thought it was a good time to buy. ABS loan figures told a similar story: the number of owner occupier loans issued this year was about 4.1 per cent higher than last year, with the average loan size growing by 8.3 per cent. Finder money expert Richard Whitten said buyer demand could intensify as borrowing costs fall. 'Lower repayments will be felt by June and buyer demand is heating up,' he said. 'The forecast to cut the cash rate two more times by Christmas will improve sentiment even more. 'The latest cash rate cut is expected to bolster consumer confidence further in the housing sector … the reduced cost makes real estate a more attractive asset class.' Mr Whitten said increased demand would likely push up prices this year.
Daily Telegraph
26-05-2025
- Business
- Daily Telegraph
Sydney auctions: rate cuts deliver immediate price boost
Interest rate cuts have triggered big spending from home buyers at Sydney auctions, with a rundown cottage among the most notable sales, selling for $700,000 over the vendor's expectations. Substantial sales occurred just days after more than 50 lenders announced they would be passing on the Reserve Bank's Tuesday cash rate cut, the second cut in four months. Experts noted that interest rate cuts had been expected to drive bigger spending in the housing market, but the recent market rally was bigger than anticipated. Preliminary indicators showed about 73 per cent of auctions were a success last week, up from about 65 per cent the week prior to the cut and the second strongest week of activity so far this year. A dated weatherboard cottage in Ryde was one of the most sought after properties, selling under the hammer for $2.3 million – markedly higher than the vendor's $1.6 million reserve. MORE: Named: 28 Aussie banks refuse RBA rate cut MORE: Scary way Aussie went bankrupt after teacher insult Auctioneer Chris Scerri, who called the auction on behalf of Belle Property agent Alex Macri, said the rate cut was a factor in the higher than expected price. He noted that the main impact of the cuts was a 'boost in confidence' that encouraged bidders to offer higher amounts than expected. There were 15 registered bidders. The vendors of a three-bedroom house in Lane Cove also got a much higher price than expected. They had set a $2.75 million reserve for their house on Sutherland Ave, which was smashed by $50,000 on the first bid. The home ended up selling for $3,215,000 – $465,000 over reserve. Auctioneer Edward Riley, who called the sale on behalf of agent Ella Elias, said there was a sense of urgency from buyers at the auction. MORE: Warning over RBA cut: Aussies to cop major blowback 'With interest rates cut again (last) week, we're starting to see FOMO creep back into the market. Buyers are increasingly concerned that if they don't act now, they'll miss out as the market gains momentum.' In the eastern suburbs, a modest Tamarama unit sold for $2.2 million after a whopping 25 bidders registered for the auction. For some perspective, the average auction late last year had about two bidders. Selling agent Angus Gorrie of Ray White Eastern Beaches noted that the property 'needed some work'. MORE: Suburbs where it's cheaper to buy home than rent It comes as polling from showed there was growing confidence in the market: 36 per cent of Aussies surveyed said they believed it was currently a good time to buy. This was a notable jump from the 25 per cent who felt this way in 2023, when rates were still climbing. Baby Boomers and Millennials were feeling particularly confident with just under half indicating they thought it was a good time to buy. ABS loan figures told a similar story: the number of owner occupier loans issued this year was about 4.1 per cent higher than last year, with the average loan size growing by 8.3 per cent. Finder money expert Richard Whitten said buyer demand could intensify as borrowing costs fall. 'Lower repayments will be felt by June and buyer demand is heating up,' he said. 'The forecast to cut the cash rate two more times by Christmas will improve sentiment even more. 'The latest cash rate cut is expected to bolster consumer confidence further in the housing sector … the reduced cost makes real estate a more attractive asset class.' Mr Whitten said increased demand would likely push up prices this year.
News.com.au
07-05-2025
- Business
- News.com.au
Luxe urban homestead set to smash sales record
A potential record breaker has hit the Townsville property market, with a sky-high location and price tag, a mini farm and a house bigger than most new house blocks. The six-bedroom, two-storey property at 21 Tableland Tce, Mount Louisa, is listed for sale for offers over $2.5m. If it sells for its advertised price, the landmark residence known as 'Villa Portofino' will smash the current Mount Louisa sales record, which was set by the $1.28m sale of 8 Phantom Pl in January this year. May the fourth be with you: Qld's quirky solution to housing crisis On the market through Josie Howard, Braeden Hall and Dean Hobson of Belle Property Townsville, the Tableland Tce property is spread across a 4168 sqm double block. The home has 646 sqm of floor space and views of Castle Hill, Magnetic Island, Townsville City and the Coral Sea. 'This is not just a home, it's a legacy property,' Ms Howard said. 'It's a place where architecture meets lifestyle in the most spectacular way. 'If someone wanted to build this property in today's market, you would be looking at over $2.5m just for the construction costs.' The home has four king size bedrooms, a study, an office, a home cinema and an award-winning kitchen. There is a grand entry foyer, a full-length balcony and stunning views from every room. Outside, there's an in-ground pool and landscaped grounds on the fenced house block. The second block is separate and designed to function as a mini urban farm with fruit orchard, raised veggie beds, a chicken coop and a large powered shed with kitchenette and bathroom. There's even a kids' cubby house. Mr Hall said 'Villa Portofino' was a lifestyle property sitting high on Mount Louisa's exclusive ridge line. '(It) adapts to whatever your life needs — whether that's multi-generational living, entertaining on a grand scale or simply enjoying total privacy and luxury at home,' he said.
The Age
28-04-2025
- Business
- The Age
Investors beat first home buyers to $1.68m Lindfield sub-penthouse
The property was one of 357 scheduled auctions in Sydney on Saturday, a quiet day due to the Anzac Day long weekend. Elsewhere 50 onlookers gathered for the auction of a four-bedroom house with a guide of $1.9 million. The spacious single-level home at 4 Sunlea Crescent in Strathfield South drew the interest of four developers and two families. Five of the six registered buyers made offers over a half-hour auction. Bidding started at $1.7 million and offers were staggered in $100,000 increments then dropped to $50,000 and $20,000 rises. While the reserve was initially set at $2.1 million, on the day it was adjusted and announced on the market at $2.05 million. Despite this change, the price sold well above at $2,215,000 much to the delight of the vendors. Belle Property's Daniel Ozmen said the location used to be considered Belfield and was now changed to Strathfield South. Loading 'It's rather special to be on that residential only side of Strathfield South with that sort of frontage in that quiet spot,' he said. 'There is the election on right now. So the market in general has softened up. This auction in particular, it didn't feel that way at all. This was one of the few auctions in the area that was healthy from start to finish.' The buyers were from further west, and have moved to the suburb to be closer to their parents. They plan to build their dream home. The vendors were ecstatic as it was their family home for over 30 years and they had moved interstate to be closer to their daughter. Auctioneer Ricky Briggs from Elders Real Estate Advantage Auction Group had nine auctions on Saturday all in suburbs located in the inner west and western Sydney. He said only some communities were 'on fire' at auction around Anzac Day. 'The others were basically having a break,' he said. Four buyers registered for a four-bedroom house located at 44 Kirkham Road in Ashgrove Estate in Auburn. All four actively competed for the home;, guided at $1.2 million. Bidding opened at $1 million. Bids in increments of $100,000, $50,000 and $10,000 were shot back and forth until the price soared $190,000 above its $1.2 million reserve to $1.39 million, where it sold under the hammer. Loading 'We found that a lot of people were away on holidays and are awaiting the results of the election,' Briggs said. The property was sold by Jimmy Ji Man Kang from Strathfield Partners. The home last traded for $580,000 in 2008, records show. AMP chief economist Dr Shane Oliver said there are several things weighing on the market - interest rates, the election and Trump's tariffs. 'One is we've still got high interest rates. I think a lot of home buyers are holding back for more interest rate cuts,' he said. 'Secondly, there's the upcoming election, which may be causing some to hold back, although I don't think that's a major factor, because both sides of politics are promising help for first home buyers.'
