A luxury Queensland mansion set over four levels in Ascot and built on a hill with stunning views of Brisbane has been listed for the first time.Located 7km from the CBD, the Morgan St property isn’t typical of the Queenslander style characterised by other homes in the inner-city suburb.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:47Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:47 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels360p360p240p240pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenFour storey mansion hits Brisbane market01:48Pioneer: Inside one of the Original Queenslander style homesSet on a 912 sqm block, the contemporary property combines a sleek and dark look with an emphasis on an indoor-outdoor lifestyle.The 1470sqm home has five bedrooms, four with ensuites, plus two other bathrooms and multiple living areas.The home is spread over four levels.The house was designed by architect James Forbes, who has worked on a number of Brisbane projects including the IBM tower and the Normanby Hotel.Forbes says simple materials have been used to create a timeless look.“It’s a home that’s typically built for a Queensland climate.”“It has respected the site’s orientation and the house has an ability to open up,” he says.The property is situated on Bartley’s Hill.The architect says the design emphasises the stunning views to the city and Mount Coot-tha.“One of the most interesting things about the house is that it has many levels and it has a great connection. You go past the private office area, and you move through the different levels of the public realm of the house – it has a great journey and you get great city views as you move up,” he says.$300k: Big home, small price The home incorporates simple materials to create a timeless look.Built over a decade ago, the house’s main living level has a backyard nestled into a hill.The open-plan living area will allow guests to dine with a view.Matt Lancashire, of Ray White New Farm, says the value of the house will only grow.More 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 investor9 hours ago“It’s one of those homes that’s going to keep growing in value, due to its location and the views and due to the physical site – there’s hardly any properties like this that will be approved to have a house built on it,” he says.“There hasn’t been one part of the house that hasn’t been thought out.”There are generous living spaces on each level.Several luxury features are included with the home, such as a fully-equipped gym, infinity pool and climate-controlled wine cellar.It has an internal lift servicing three levels, giving easy access to the five bedrooms.Stunning: A restored Queenslander heritage sensationThe house includes a retreat for parents with impressive views.The property is being sold by tender with the deadline for offers closing on the 7th June at 5pm.Beneficial: Why more people are installing lifts inside their homes
76 Simpsons Rd, Currumbin Waters.A tiered A-frame house with a Hampton’s influence has sold under the hammer for $940,000.More than 150 people were tightly squeezed into the fairy-tale style house during the auction at 76 Simpsons Rd.McGrath Palm Beach agents Andy Hogarth and Billy Jaz were marketing the property and said there were two registered bidders including one over the phone bidder from Sydney.The sellers, Isaac Srour and his family originally bought the property in 2008 and renovated it, creating a beautiful mix of white and wood with a coastal meets Hamptons vibe.The family removed walls to create open-plan living and lounge areas, installed new floors, kitchens and bathrooms.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago76 Simpsons Rd, Currumbin Waters.Laura Dean from McGrath palm Beach said the house had been a popular drawcard because of its unique design.“There was a mixed bag of buyers but on auction day it was a very busy day with up to 168 people in half an hour,” Dean said.“The buyers fell in love immediately and they have a young adult son, which the downstairs self-contained is perfect for.“I’ve never seen vendors put so much time and thought in to presenting their home so beautifully. The work and love they put into the home was incredible, and they reaped the rewards.”76 Simpsons Rd, Currumbin Waters.
Keyes & Co principal Damien Keyes says the Townsville property market will improve.WE were recently negotiating with a buyer on a five-year-old property when well-meaning friends whispered in his ear that he was missing out on $20,000 from the Government’s First Home Owner Grant by buying established, instead of building a new home. Now, in one sense, that is correct. By purchasing an established home the buyer did not qualify for the grant. However, when we broke down the numbers, outlining all costs associated with building in Townsville and compared them with the deal we were negotiating, the numbers told a different story. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020To buy a block of land and build a home similar to the one we were negotiating, the cost would have been $530,000. Deduct the $20,000 that the grant would have provided and the cost came to $510,000. Based on similar recent sales in the area the price of the home being negotiated was $460,000, representing a dollar saving of about $50,000, not to mention the time and hassle saved from going through the building/construction process!This case highlights the situation throughout most of regional Queensland – homes are so affordable that you can buy an established home for cheaper than you can build, at the moment. The State Government continues to ignore the REIQ’s recommendation to include established homes in the First Home Owner Grant eligibility criteria, at least in regional Queensland where the market needs as many buyers as possible.An additional point to consider is that a first homebuyer in regional Queensland won’t have to borrow as much when they buy a more affordable established home. This means they will have a buffer in the event that rates rise. This is an important consideration with a recent report suggesting a half a percentage point rise in interest rates could result in thousands of homeowners becoming mortgage-distressed.The grant is designed to help create jobs through the construction of new homes. However, as my anecdote illustrates, regional Queensland is not using the grant. Why would we? Established homes are cheaper and easier!As we head into a State election, it’s worth remembering that if the State Government was truly interested in helping young people get their foot on the property ladder they would help them no matter what type of home they wanted to buy – established or new.