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Why buying big blocks can be financial gold for families

first_imgMore from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoConstruction supervisor Paul Toye and general manager David Afrin from SmartStart by Hayman Homes on site at Waterlea, celebrating the first home being under construction.Mr Keath said the estate had been designed around the shortage of large lots within the new housing market with purchasers unable to buy up to 800sq m in this price range anywhere else.“We predict that capital appreciation on these bigger blocks should be stronger in coming years as blocks of this size become harder to find across Brisbane and surrounds,” he said.Mr Keath said there were five main advantages to having a big block:1. Privacy — with room and trees you can create your own private space. “With effective tree planting and creative landscape and design, you can ‘insulate’ your home from roadways an other properties,” Mr Keath said.2. Potential for capital growth — larger blocks of land appreciate more over the longer term because of their scarcity. “It is simple economics that anything rare is worth more,” Mr Keath said.3. Better landscaping — larger frontages give way to more creativity in your landscaping, leading to better street appeal. “A great garden, some nice trees and creative design of the facade of a home on a big block, not only lifts the value of your property, but when every home in the street and neighbourhood does the same it lifts the look, feel and value of the whole estate.”4. Build how you want, and expand as you grow — if money is an issue then with a big block you can start out by building your basic home and then expand as you go.5. Explore your costs upfront — with plenty of room to move you can easily build your home on a large lot to take advantage of the sun, allow for shade, strategically plant trees and capture breezes. Mr Keath said to explore your costs upfront by making sure your design would capture these cost savings.Waterlea will eventually have 1500 lots, a primary school and a range of shopping options and amenities.With a projected population of 4,500 residents, eight neighbourhood villages are planned and will be connected by parks, hiking and bike trails. Large blocks are the way to make money with Waterlea Walloon one of the few estates offering an average size block of 738sq m.BIG blocks are in demand as families realise there are not only lifestyle gains to be made but also financial gold.According to Oliver Hume Queensland managing director Brinton Keath the site you choose is not just a lifestyle investment, but also financial.“One of the biggest factors in determining how much value you can extract from your land is the size,” Mr Keath said.“With prices continually rising in south east Queensland we have seen the average size of blocks decrease, making larger blocks, those greater than 600sq m, increasingly rare.”Waterlea at Walloon has average block sizes of 738sq m with prices starting from $161,000, this compares to nearby estates with average lot sizes of 547sq m or larger masterplanned communities with average sizes of 400sq m.Hayman Homes has recently started construction on the first home in the estate, with Waterlea located just west of Ipswich’s CBD.last_img read more

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Peek inside the Gold Coast’s most expensive rentals

first_img26901/2 Ephraim Island Pde, Paradise Point is on the market at $1750 a week. Picture: realestate.com.auLJ Hooker Mudgeeraba business development manager Jessica Cummings said tenants were attracted to the lifestyle on offer. “I’ve had a few people rent for the Commonwealth Games, people in events management, but I’ve also had a lot of farmers who have been moving from central Queensland,” she said. “I’ve also rented to a few celebrities.” 40-42 The Peninsula, Sovereign Islands is on the rental market at $2500 a week. Picture: realestate.com.auMost expensive rentals on the market on the Gold CoastSource: REAAmalfi Drive, Isle of Capri — $300055-57 Rankin Pde, Main Beach — $2500166 Chesterfield Drive, Bonogin — $250010-12 Forest Ridge Drive, Bonogin — $250040-42 The Peninsula, Sovereign Islands — $25001662 Riverside Drive, Hope Island — $220026901/2 Ephraim Island Pde, Paradise Point, $1750 This Amalfi Drive, Surfers Paradise property is being rented out at $3000 a week.Mr Martens said demand for luxury rentals was still strong despite winter being a typically quieter period.“In the past three weeks we’ve leased four properties over $2500 a week,” he said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North4 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“I leased the Oracle penthouse for $3000 a week a few weeks ago — those people were downsizing from a house and were from interstate.” Rent out this Bonogin property for $2500 a week.“We have had enquiries from Hollywood A listers who were interested in leasing these types of properties so I guess you could say it is living like a movie star,” he said. center_img “There’s not many permanent rentals in Queensland for more than $3000,” Harcourts Coastal’s Brent Martens said of the Amalfi Drive property. Picture Mike BatterhamHarcourts Coastal business development manager Brent Martens described the five-bedroom, six-bathroom Isle of Capri mansion as one of the Coast’s finest homes. “There’s not many permanent rentals in Queensland for more than $3000,” he said.“Amalfi is an absolute luxury build on the main river with no expense spared on fittings and furnishings. It has its own gym and wine cellar and is a secure private residence.” Harcourts Coastal’s Brent Martens with one of the most expensive permanent rentals in Qld. Picture Mike BatterhamONE of the Gold Coast’s most expensive rentals is back on the market at $3000 a week.The furnished riverfront Surfers Paradise property offers a Hollywood lifestyle with a pool, gym, sauna, media room and plenty of space to entertain. last_img read more