first_imgA house-and-land development in Logan, Queensland.Ms Porter said there was also a lot of new stock coming to the market in the form of house and land packages. “This is starting to push a huge amount of supply into the market,” she said. Ms Porter predicts consistent growth for Brisbane house prices in the year ahead, with renovated houses likely to continue to sell well.“A tip for young players — renovate in Brisbane,” she said.“Renovated properties in Brisbane sell a lot better. Add value and you will see an uptick.” Property commentator predicts steady growth for Brisbane house prices. Urbis property economics and research director Paul Riga.But Ms Porter is not just concerned about the Brisbane unit market.“Down the southeast pocket of Queensland, towards Logan and Ipswich, we’re going to start to see some pain I think towards the end of 2018,” Ms Porter said. “We’re starting to see the local council cracking down on a lot of the granny flats being illegally rented. A lot of people have purchased these properties with the idea of getting a dual income, but this is being stripped away from them. “There is also a little bit of pressure on interest rates, and vacancy rates are creeping up.” SUBURB TIPPED TO OUTPERFORM High-rise apartments under construction in Brisbane. Picture: Marc Robertson.BRISBANE’S oversupplied apartment market and parts of southeast Queensland’s housing sector are headed for a “bloodbath” in 2018, according to one property commentator.Buyer’s agent and former valuer Anna Porter, principal of Suburbanite, has some blunt advice for unit investment holders in Brisbane — get out now.“Steer completely clear of units,” she said.“They’re incredibly oversupplied and there will be a bloodbath in the unit market over the next couple of years. “Lending will tighten, values will retract and rent will be hard to maintain.” GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE One property commentator warns Brisbane’s unit market is headed for a “bloodbath”. Photo: Adam Armstrong.The latest Urbis apartment report revealed 300 new units were sold in Brisbane in the September quarter of 2017, with the average sale price dropping more than $80,000.Another 7100 apartments are expected to reach settlement in 2018. Urbis property economics and research director Paul Riga said Brisbane apartments were still selling, even in the current market conditions.“Established local developers with a reputation for quality product and strong networks are achieving great results,” he said.“For the rest of the market, it is certainly harder than it was 18 months ago but sales continue to tick over quarter after quarter.”More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours ago POSITIVE EXPECTATIONS FOR BRISBANE last_img read more

first_img43-51 Spoonbill Rd, Wonglepong.Situated to the west of Mount Tamborine is a sprawling country estate at Wonglepong.The north-facing four-bedroom luxury house is on 1.24ha with incredible views of Canungra Valley and Mount Tamborine.“This home has so many more wonderful features to list but you really have to see it for yourself to appreciate the work that has gone into making this place the beautiful home it is today,” agent Joe Farr of Platinum Properties said. 43-51 Spoonbill Rd, Wonglepong. 43-51 Spoonbill Rd, Wonglepong.More from news02:37International architect Desmond Brooks selling luxury beach villa15 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago 43-51 Spoonbill Rd, Wonglepong.“The current owners have kept the property in immaculate condition throughout and now it’s your turn to own this magnificent sanctuary.” HOME SELLS IN ‘FAST, FURIOUS’ AUCTION BUY A HOUSE, GET A FREE BOAT The house has several spacious living areas and is described as the perfect entertainer. The kitchen features Caesarstone benchtops, Miele dishwasher, St George double oven and a bar area. The poolside outdoor entertainment area has an outdoor kitchen — perfect place for hosting parties and guests. 43-51 Spoonbill Rd, Wonglepong.There are four bedrooms but the ensuited main bedroom is the standout with its electric fireplace, walk in wardrobe and mahogany and marble bedside tables.last_img read more