Gold Coast sky home changes hands for $2.08 million


3602/1 Oracle Blvd, Broadbeach. 3602/1 Oracle Blvd, Broadbeach. What a view! 3602/1 Oracle Blvd, Broadbeach sold for $2.08 million.A STUNNING Gold Coast skyhome has sold for $2.08 million.Located on the 36th floor of the eastern tower in the Oracle building, the north-facing property features floor to ceiling windows revealing a spectacular ocean panorama.Lucy Cole Prestige Properties agent Belinda Bellingham handled the sale — it was marketed with a “huge price reduction”.“Superb quality finishes are offered throughout from the designer open plan kitchen to the three sizeable bedrooms,” the listing states.“The owner’s business commitments demand a sale and you wont find better.”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North6 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoIt is the first time the property has changed hands since it was bought off the plan for $2.37 million in 2007. 3602/1 Oracle Blvd, Broadbeach.A large terrace can be accessed from all the bedrooms and living areas with a large area overlooking the beach dedicated to alfresco entertaining.Back inside, and attention to detail is evident throughout the 217sq m apartment.Oracle amenities include a residents’ lounge with individual wine storage cabinets, cinema, gym, steam room, indoor and outdoor pools, and barbecue areas. read more

Where it’s cheaper to buy than rent: It’s Ipswich’s time to shine


first_imgREA Group/ chief economist Nerida Conisbee.Ms Conisbee said she was surprised by the “sheer number of suburbs” in greater Brisbane where it was cheaper to buy than rent.“There’s quite a large number of them,” she said.“Now is actually a good time to look to buy because we are looking to see further increases in rental levels.“The reason being we have fewer new developments going ahead and also fewer investors in the market.”Caitlin and Bryn Williams decided to buy a home in Ripley when they realised they could pay about the same in loan repayments as they were in rent.After previously renting in Ipswich, they bought a brand new, four-bedroom house for just over $350,000 in the Ecco Ripley estate, where stage one of the $1.5 billion Ripley Town Centre has just been completed.“We’re happy not to be renting anymore,” Mrs Williams said.“What we were paying in rent, we were paying off someone else’s mortgage.” An artist’s impression of Ripley Town Centre.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoRipley is on track to become Australia’s biggest masterplanned community — home to 120,000 by 2041.CoreLogic figures show the suburb’s median house price has grown by nearly 20 per cent in the past 12 months.Mohammad Bassiri of Ray White Springfield Lakes said people were starting to realise it worked out cheaper or just as expensive to buy a home in the Ipswich region as it was to rent one.Mr Bassiri said a friend of his recently moved from a rental at Springfield Lakes to buy a three-bedroom house at South Ripley for $320,000 because he realised the mortgage repayments were the same as his rent payments.WHERE IT IS CHEAPER TO BUY THAN RENT IN QLD Suburb Median house price Monthly loan repayment Monthly rent Difference1. Lamb Island $110,000 $405 $997 $592 2. Macleay Island $182,000 $669 $1,192 $523 3. Russell Island $165,000 $607 $1,083 $476 4. Kilcoy $272,000 $1000 $1,452 $4525. Mundoolun $576,000 $2,118 $2,548 $430 6. Laidley $237,500 $873 $1,300 $427 7. Woodford $327,250 $1,204 $1,603 $399 8. Plainland $375,000 $1,379 $1,768 $3899. Ebbw Vale $248,500 $914 $1,300 $386 10. Ripley $335,000 $1,232 $1,603 $37111. One Mile $242,500 $892 $1,257 $36512. Blackstone $314,000 $1,155 $1,517 $36213. Leichhardt $243,375 $895 $1,257 $36214. Lowood $251,750 $926 $1,278 $352 15. Brendale $270,000 $993 $1,343 $35016. Riverview $238,500 $877 $1,213 $33617. Cedar Vale $498,000 $1,832 $2,167 $33518. Goodna $310,500 $1,142 $1,473 $33119. Loganholme $381,900 $1,405 $1,733 $32820. Redbank $329,000 $1,210 $1,538 $328(Source: The Ipswich region has a host of suburbs where it is cheaper to buy a home than rent one. Image: AAP/Richard Walker.IT HAS played second fiddle to Brisbane for years, but finally, it is Ipswich’s time to shine.Long regarded as the river city’s poor cousin, the “Switch” has shaken off its stigma and is forging a name for itself as the state’s property bargain capital — where you can get a house for less than your weekly rent.New figures from have revealed the suburbs across Queensland where it is now cheaper to buy than rent and eight of the top 20 are in the Ipswich growth corridor.In Ebbw Vale, where the median house price is $248,500, it works out to be $386 cheaper to own a home in the suburb than to rent one.center_img Construction underway in Redbank, one of the Ipswich suburbs where it is cheaper to rent than buy. Image: AAP/Richard Walker.And in the burgeoning masterplanned community of Ripley, where it costs $1600 a month on average to rent of home, it only costs $1230 a month on average to own one.It comes as Brisbane’s housing market has recorded its strongest annual rise in rents in three years.After months of flat growth in rental properties, analysis of the latest CoreLogic data by shows house rents increased 2.4 per cent in 2018, while the cost of leasing a unit became 2.6 per cent more expensive.A rare combination of low interest rates, a rising population and fewer investors and new developments is starting to put upward pressure on rents in the sunshine state and industry experts say now is the time for long-term renters to buy. chief economist Nerida Conisbee said the only way was up for rents in the city, as underlying demand in the Brisbane market began to absorb rental supply.last_img read more