Latest news with #PlaceAscot
News.com.au
2 days ago
- Business
- News.com.au
Jockey legend sells hit horse house for record suburb price
Renowned jockey Jimmy Orman and his wife Heidi Whalley have sold their horse-friendly home for a record price across the whole of their suburb. The four-bedroom, four-bathroom home at 129 Spoonbill St, Nudgee, was personally reviewed by the celebrity pair as it was made, becoming the closest home to Brisbane with a private area for horses in the backyard. 'It's a beautiful place to live,' Orman said. 'A lot of young families in the area, [and] to have an acre this close to the CBD is unheard of.' The 6909 sqm property features five stables and three paddocks with shelters, giving the family a chance to spend time with horses as their kids grew up. 'We both grew up with horses,' Ms Whalley said of her and her husband. But the couple felt it was time to move on as their living circumstances changed. 'We're selling so we can have a small loan, or don't have a loan [at all],' Orman said, when the home went on the market. 'We're only going to sell it if it meets what we think it's worth.' At a private treaty sale, the couple found that price: $3.7 million, beating the previous suburb record by $1.75 million. Place Ascot agent Drew Davies said the home was purchased by a local buyer: a family who also lived up on the north side of Brisbane. 'We were fortunate to attract serious interest and create strong competition, ultimately securing a local buyer who saw the exceptional value on offer,' he said. 'This sale sets a new benchmark for Nudgee and highlights the increasing appetite for high-quality lifestyle properties, even in Brisbane's emerging middle-ring suburbs.' Place Nundah agent Chris May said selling the home involved finding both a price Orman and Ms Whalley were happy with, along with a family who appreciated the lifestyle on offer. 'It was a real privilege to represent such a special property and to help Jimmy Orman and Heidi Whalley with their next chapter,' he said. 'The response from buyers was incredible, and we're grateful to have been part of the journey.'
News.com.au
7 days ago
- Business
- News.com.au
Luxury builder's hotspot where homes cost ten times more
In Brisbane's inner-city hotspots, a wave of new designer homes has replaced humble post-war shacks – a symbol of how expensive it has become to own a home here. Boutique developer Caleb Adams is among young entrepreneurs cashing in on the change, building 15 homes in the suburb of Camp Hill alone, and 50 across Brisbane. PropTrack's generational analysis of housing costs reveals homes in Camp Hill cost a staggering ten times more than in 1980, even adjusted for inflation. The data shows a typical house in the suburb cost $32,000 45 years ago, which is $170,000 in today's dollars, taking into account income growth and living costs. But Camp Hill's current median house price is $1.775m, on the back of the nation's longest property boom. Mr Adams is a second-generation builder and developer who launched Pilgrim with a vision to elevate design in southeast Queensland's luxury home market. His brother, Joshua, also works with the company. Pilgrim is behind a string of multimillion-dollar homes that have redefined the suburb's streetscape. The latest to hit the market is a five-bedroom architectural stunner at 16 Indus Street, Camp Hill, marketed by Place Ascot agent Patrick McKinnon. 'Camp Hill stood out early as a suburb with huge potential for Pilgrim — tree-lined streets, elevation, vibey cafes, and rapidly growing property values, and a demographic of young families who value great design,' Mr Adams said. 'We saw an opportunity to create something fresh and timeless to the suburb and we haven't looked back.' Mr Adams was raised in Brisbane then spent 10 years in Melbourne after finishing uni at QUT. 'It felt inevitable that we would always end up back here,' he said. 'Development and building in Melbourne has long been an oversaturated space. 'At the time, Brisbane felt like an uncut gem. We believed the Brisbane design palette was just beginning to mature, and appreciation for thoughtfully designed new homes was on the horizon.' Former Virgin CEO to tear down $17m mansion But launching right as Covid struck, the business had a rocky start, losing $1.5m in their second year as supply chains collapsed and costs blew out. 'Covid was so challenging for builders... and as a young business, we wore the brunt of it,' Caleb reflects. 'We pivoted several times, restructuring operations and building everything from small lot duplexes to rooming houses — anything we could really. 'That season gave us our resilience and forced us to mature quickly. Pilgrim wouldn't be what it is now without that adversity.' Looking ahead, Pilgrim is eyeing expansions in to the Gold and Sunshine Coast, along with establishing a foundation to provide safe housing for those in need.
