The Gabba Insider | November 2019

Top Prices for Inner East Homes

Market update: Data Shows what buyers want

Multi-million-dollar property is in demand in Brisbane, with buyers paying a premium for features like private elevators, wine cellars and panoramic city views.

While the city’s penthouse apartments and luxury townhomes continue to settle at six figures, residential suburbs like Camp Hill and Coorparoo are showing increasing buyer confidence with opulent family residences achieving sale prices approaching $3 million.

With five bedrooms, five bathrooms and set on a sizeable 779 square metres, 99 Perth Street has raised the benchmark for luxury property in Camp Hill, selling for $2.8 million in June this year after an impressive knock-down rebuild project.

Not far away in Coorparoo, the vendors of 134 Sirius Street saw a record number of attendees through each open home ahead of auction which resulted in a sale of $2,585,000.

Place Woolloongabba’s data shows premium buyers are looking for turnkey residences which offer high-end living close to the city. Architecturally designed properties with soaring ceilings, state-of-the-art kitchens and multiple living and entertainment zones are stand-out features for those looking to commit at the next auction.

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Hot Property: Spring selling season showcases Brisbane's best

Brisbane property buyers aren’t showing any signs of slowing down as the spring selling season concludes, with the city’s most prestigious homes in high demand.

Southeast Queensland’s ‘Palace in the Sky’ at 4101/140 Alice Street has received over 3,000 clicks online with a stream of buyers booked to inspect the sprawling 323 square metre home at the Abian Residences.

Popular features include the floor-to-ceiling glass boasting 270-degree panoramic views across the city skyline, two art galleries, multiple opulent living wings, an abundance of natural stone throughout, luxurious European kitchen, multiple car spaces and the finest amenities the Abian Residences has to offer including a 24-hour concierge, two health clubs, a day spa and more.

Newly-listed, 4101/140 Alice Street is the latest world-class residence to join the Place Woolloongabba portfolio and is set to have record crowds exploring its lavish four bedrooms, three bathrooms and breathtaking scenery.

Discover this stunning residence for yourself here.

Alice Street Abian

Property Insights

Styling puts your home centre stage.

If you could add up to 10 per cent more to the sale price of your home, would you?

Showcasing a home’s liveable appeal can be the difference between mediocre or magnificent results which is why Tailored Home Styling works with Place Woolloongabba to ensure vendors have a competitive edge when it comes time to sell. We sat down with owner, Marion Taylor, to chat about home staging.

Property: 42 Geera Street, Coorparoo

Q. What was the theme of this property’s styling?

A. We integrated a mix of modern styling suited to a traditional Queenslander home.

Q. Were there any major challenges you overcame?

A. The blend of traditional and modern was a challenge. It can be hard to successfully mix styles. If we did one style only, this wouldn’t have complimented the home’s features and would have been disjointed between the two levels.

Q. Tell us your top tips for successful styling…

A. Hire a professional! Some sellers try to style themselves to save money, but the best investment a seller can make is to engage professional home stagers. They can style based on the market, not personal taste.

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@tailoredhomestyling

Suburb Snapshot

Woolloongabba

Located a mere 2km from Brisbane’s CBD, Woolloongabba is a significant inner-city hub which links the broader Brisbane region via several major transit ways. Staying true to its transportation heritage as a locomotive depot from 1884 to 1969, the lifestyle of the Gabba has progressed to boast the best of what living in Brisbane city has to offer.

Woolloongabba’s Lead Agent James McKinlay said buyers at the Gabba were looking for traditional Queenslanders which could be ‘the worst house on the best street.’

“An increasing number of owner-occupiers are moving into the area, particularly younger professional couples who like the proximity to the city. Woolloongabba represents great value for them when compared with New Farm or Paddington,” James said.

Population: 5,633

Average age: 20 to 39

Median house price: $822,000

Rental income house: $490 per week

Median unit price: $410,000

Rental income unit: $430 per week

Average visits per property: 262

Woolloongabba

Meet our Agent

James McKinlay

Q. What do you predict for the Woolloongabba property market over the next 12 months?

A. Interest is growing in Woolloongabba with the Cross River Rail being a major attraction, particularly for professionals working in the CBD. In the immediate future we will see an increase in buyer demand which I believe will drive prices up over the longer term.

Q. What is the typical Gabba buyer looking for?

A. Old Queenslanders they can add value to by renovating, raising and building beneath.

Q. Is there a drawcard feature of the Gabba that no other area has?

A. The Antique precinct, which is now home to restaurants, cafes, bars and even a pinball machine venue and, of course, some kitschy antique shops and beautiful homeware stores.

Q. And finally, name a unique property feature you’d include in your dream home?

A. A steam room and plunge pool

James McKinlay

Gabba Grabs

Place Gabba agents lead the way

Place Woolloongabba is at the forefront of the Brisbane property market with the award-winning team further recognised at the Place Estate Agents Quarterly Awards last month.

Officially awarded as the Top New Business at Place, Place Woolloongabba ranked fourth in the top five agencies overall. After only 16 short months since opening the doors of the new office at 27 Logan Road, The Woolloongabba team has further solidified their position as leaders in Brisbane property.

The team would especially like to congratulate agents James McKinlay and Ting Xi for their outstanding efforts in being awarded Gold Level Sales agents as well as Katie Lituri for her outstanding service in sales support.

Well done, Place Woolloongabba!

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The Gabba Cafe Culture

Scattered throughout Woolloongabba is a selection of renowned cafe hotspots, making this a coffee-lover’s mecca filled with some of southeast Queensland’s best specialty brewers. More than 20 cosy coffee hubs attract droves of visitors to the Gabba daily, forming a café culture which is a key lifestyle drawcard for locals. With the new Trafalgar Lane dining hub, the historic Taylor-Heaslop Building precinct and the bustling Gabba stadium, Woolloongabba has been revitalised and coffee is at the core of its vibrant social heart.

World-class roasters: Black Sheep, 109 Norman Street

A local favourite: The Baker’s Arms, 29 Logan Road

Bring the fur kids: Brown Dog Café, 54 Logan Road

Gabba Cafe culture

Helping people find their happy Place

The place: 5 Judge Street, Norman Park

Sold for: $1,250,000

Agent: James Curtain

Marketed by Place Woolloongabba Co-Director James Curtain and Agent Chris Dixon, 5 Judge Street gained more than 5,000 web clicks during the three short weeks it was on the market. A five-bedroom, two-bathroom home in one of Brisbane’s most enviable inner-city suburbs, the property sold to a lucky new owner amid a barrage of interest from families looking to call this luxuriously appointed residence home.

A word from the vendor…

“James has a strong work ethic, is very personable and brings a wealth of knowledge and experience to his work. My house sold three weeks after we began marketing it and I couldn’t be happier! James was able to offer great advice and gave consistent feedback after inspections. I feel confident using James as my agent and trust in his honesty and integrity.”