Where to buy the cheapest homes in the most expensive suburbs

first_imgThis house at 17 Hockings St, Clayfield, is available for buyers with champagne taste on a beer budget.10. PULLENVALE 4 beds, 1 bathroom, 7 cars4.03haOffers above $1.15m 4 beds, 4 bathrooms, 3 cars0.5haFor sale now Champagne taste: 109 Oriel Road This house at 14 Mackeller St, Teneriffe, is for sale.Beer budget: 218 Arthur Street 2 beds, 1 bathroom, 2 cars0.78haBy negotiation This house at 61 Bolan St, Bulimba, is available for buyers with champagne taste on a beer budget.7. HAMILTON Champagne taste: Auction Median house price $1.21m REIQ chief executive Antonia Mercorella. Photo: Claudia Baxter. 5 beds, 4 bathrooms, 2 cars443 sqmExpressions of interest This house at 30 Chambers St, New Farm, is for sale. Champagne taste: 8 Triandra Place This house at 109 Oriel Rd, Clayfield, is for sale.Beer budget: 17 Hockings Street Median house price $1.17m Median house price $1.378m Champagne taste: 5 Dock Lane 2 beds, 1 bathroom4.05ha$690,000 Champagne taste: This house at 17 Kitchener Rd, Ascot, is for sale.Beer budget: 1/267 Lancaster Road This house at 1/267 Lancaster Rd, Ascot, is available for sale for buyers with champagne taste on a beer budget.3. NEW FARM This house at 5 Dock Lane, Bulimba, is for sale.Beer budget: 61 Bolan Street This house at 24 Terrace St, New Farm, would suit buyers with champagne taste on a beer budget.4. CHANDLER 17 Kitchener Road This house at 150 Kloske Rd, Burbank, is available for sale for buyers with champagne taste on a beer budget.9. CLAYFIELD 3 beds, 1 bathroom, 1 car432 sqmOffers over $750,000 4 beds, 2 bathrooms, 1 car536 sqmOffers over $1.475m 4 beds, 2 bathrooms, 2 cars0.71haFor sale now This house at 1/267 Lancaster Rd, Ascot, is available for offers over $749,000.And in Upper Brookfield, which has a median house price of $1.4 million, a large character home on more than 4ha is up for grabs for $690,000.The HTW report pointed out that buyers may have to compromise on space and land, while some of the cheaper properties in expensive suburbs might also be exposed to road noise and high pedestrian traffic areas.But the report said first home buyers would be well placed to look for a low buy-in price in sought-after suburb. This house at 10 Hopetoun St, Ascot, recently sold for $770,000, showing you can get into Brisbane’s most expensive suburbs with a beer budget.“It’s this sort of affordability factor that’s driving new residents to our region as net interstatemigration finds itself on the rise,” the report said. “We are seeing a growth in infrastructure spending and there’s a general sense of positivity about private investment in the region too. “As we look forward to rising employment, the long-term future for Brisbane property remains very positive.”Looking at the million-dollar suburbs of Ascot, Hamilton, New Farm, Teneriffe and Paddington, the report said savvy buyers could still find a starter home for around $700,000 — but they were rare and moved fast. This house at 40 Oakridge St, Burbank, is available for sale.Beer budget: 150 Kloske Road Champagne taste: 20 Joynt Street This house at 30 Chambers St, New Farm, is for sale.Beer budget: 24 Terrace Street 405 sqm Champagne taste: This house at 89 Jackson St, Hamilton, would suit buyers with champagne taste on a beer budget.8. BURBANK Median house price $1.408m Median house price $1.475m WHAT YOU CAN GET WITH CHAMPAGNE TASTE ON BEER BUDGET Champagne taste: 366 Haven Road 3 beds, 3 bathrooms, 2 cars 2 beds, 1 bathroom, 1 car$875,000 – $895,000 Median house price $1.17m This house at 652 Upper Brookfield Rd, Upper Brookfield, is available for buyers with champagne taste on a beer budget. Champagne taste: 231 Charleton Street This house at 14 Mackeller St, Teneriffe, is for sale.Alternatively, trading in the traditional freestanding bricks and mortar house for a unit or attached dwelling could land buyers a spot in affluent suburbs at a fraction of the price.The latest data from property researcher CoreLogic has 22 Brisbane suburbs in the million dollar-plus club, including Teneriffe (1), Ascot (2), New Farm (3), Hamilton (7) and Paddington (11).In Teneriffe, median house values have shot up 61.4 per cent in five years to $1.775 million, but every million dollar suburb has recorded double digit price growth in that period.For units, Tennyson is the priciest with a median unit value of $1.175 million. This house at 366 Haven Rd, Upper Brookfield, is for sale.Beer budget: 652 Upper Brookfield Road Nick Bidois and Kayla Parkinson at the house they are selling in Hendra. Picture: Annette Dew.HOME hunters yearning for a champagne lifestyle on a beer budget should look no further than Brisbane, according to a new report.The research by a leading independent property valuer has found the Queensland capital’s housing market could be the best spot in the nation to go shopping for a trophy home.“We (Queensland) are the bottle of bubbly on the top shelf of this nation’s real estate market,” the Herron Todd White report said.“A limited edition where every sip is a joy.” RELATED: What $300k will buy you in Brisbane in 2019 This house at 20 Joynt St, Hamilton, is for sale.Beer budget: 89 Jackston Street Champagne taste: 40 Oakridge Street 6. BULIMBA Median house price $1.6m 3 beds, 1 bathroom233 sqmSale by negotiation Median house price $1.503m 3 beds, 1 bathroom, 1 car455 sqmContact agent 1. TENERIFFE This house at 652 Upper Brookfield Rd, Upper Brookfield, is available for buyers with champagne taste on a beer budget.Nick Bidois and his partner, Kayla Parkinson, are selling the home they have just finished renovating at 28 Raceview Ave, Hendra through Ray White – Ascot.Records show the couple bought the house in 2017 for the entry level price of $788,000, but have since transformed it into a four-bedroom, three-bathroom dream home with a media room and multiple living areas. Mr Bidois said the original home on the property was a two-bedroom workers’ cottage built in the early 1940s. 4 beds, 2 bathrooms, 2 cars421 sqmBy negotiation 3 beds, 3 bathrooms, 2 carsAuction But in New Farm you could buy two units (median value of $600,000) for the price of a house (median value of $1,502,500) and still have some cash to splash on renovations.Right now in affluent Ascot, you can buy a three-bedroom, two-bathroom renovated Queenslander for half the suburb’s median house price. 14 Mackeller Street This house at 1686 Old Cleveland Rd, Chandler, is available for sale for buyers with champagne taste on a beer budget.5. UPPER BROOKFIELD 5 beds, 2 bathrooms, 3 cars1.98haBy negotiation 3 beds, 2 bathrooms, 3 cars607 sqmAuction This house at 218 Arthur St, Teneriffe, is available for sale for buyers with champagne taste on a beer budget.2. ASCOT 4 beds, 2 bathrooms, 2 cars2.43haOffers in the high $1m MORE: What $1m will buy you in 2019 3 beds, 2 bathrooms, 4 cars276 sqmOffers over $749,000 This house at 231 Charleton St, Chandler, is for sale for offers over $1.5m.Beer budget: 1686 Old Cleveland Road This house at 28 Raceview Ave, Hendra, was bought for an entry level price, renovated and is now for sale.A relatively new member of the million dollar club, Hendra has a median house price of $1.1 million, having grown more than 13 per cent in the past year.“I could see the potential in the market (in Hendra) and when this cottage popped up, I knew it would be a great investment — usually they’re the ones people don’t want to put their time and money in to,” Mr Bidois said. “The intentions weren’t to sell, but I want to keep on doing this in the area because I love it so much.”It comes as new data from CoreLogic reveals the value of Brisbane’s most expensive houses is continuing to grow, despite steep falls at the top end of the market in Sydney and Melbourne.House values in the most expensive quarter of the market across the country fell by 11.6 per cent over the past year.The most expensive houses in Sydney dropped nearly 12 per cent, while the top end of Melbourne’s house market declined 14.4 per cent.But Brisbane’s prestige market has been resilient in the face of these falls — only slipping 1.1 per cent every the year, while the city’s most expensive units actually rose 0.3 per cent.Herron Todd White Brisbane director David Notley said he was “conservatively positive” about the Brisbane market this year, saying a number of factors suggested that price growth was on the cards.“Major infrastructure works will stimulate local industry and employment and improve the city’s liveability even more,” he said. “Couple that with increasing interstate migration numbers and continued low interest rates and you can expect Brisbane property to benefit.”The latest Australian Bureau of Statistics data released this week revealed Queensland’s net interstate migration over the year to September 2018 was 24,316 people — the highest in the nation.NSW accounted almost half of all interstate arrivals to Queensland over that period.Real Estate Insitute of Queensland chief executive Antonia Mercorella said the sunshine state offered some of the best-value real estate in the country and the proof was in the “steady, sustainable growth of our median house prices, across a range of price points”.“What will be comforting to homeowners is the security of knowing that their biggest asset is steadily growing in value,” Ms Mercorella said. The report found entry points to some of Brisbane’s most sought-after suburbs came at a fraction of the price in similar blue chip locations in Sydney and Melbourne.It pointed to a renovator in Ascot as a prime example, with the three-bedroom, two-bathroom house at 10 Hopetoun Street selling for $770,000. 4 beds, 3 bathrooms, 2 cars463 sqmAuction Median house price $1.775m 4 beds, 2 bathrooms, 6 carsMore from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours ago1.01haBuyers over $1.5m 30 Chambers Street This house at 8 Triandra Plc, Pullenvale, is available for sale.Beer budget: 107 Grandview Road Median house price $1.3m This acreage property at 107 Grandview Rd, Pullenvale, is available for buyers with champagne taste on a beer budget.last_img

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