Five Brisbane Properties For $800,000 - Kanebridge News
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Five Brisbane Properties For $800,000

Take a look at what the capital has to offer.

By Terry Christodoulou
Tue, Apr 20, 2021 4:40pmGrey Clock 4 min

3/38 Oriel Road, Clayfield, QLD

Presenting immaculate style and presentation is this spacious, recently renovated townhouse.

Bringing with it a resort-style feel, the exceptional home – with 3-bedrooms, 2-bathrooms, 1-garage – arrives with a spacious kitchen with stone benchtops and stainless steel appliances.

Here, the open plan living and dining areas flow through to the private entertaining alfresco area.

Elsewhere, a master bedroom is complete with an ensuite and walk-in robe. Two other bedrooms complete the residence.

The home is nearby to all Clayfield has to offer including supermarkets, dining, express buses to the CBD, schools and more. The listing is with David Sullivan (+61 447 070 595) of One Percent Property Sales. Price guide $699,995; onepercent.com.au

 

4/22 Worden Street, Morningside, QLD 

Perfectly balancing a low-maintenance lifestyle with features of a much larger property, this dual level residence brings immaculate interiors and excellent entertaining options.

Details like polished timber flooring, crisp white colour palette and plantation shutters are accompaniments to the home’s 3-bedroom, 2-bedroom, 1-garage – intelligent layout.

The ground floor sees a spacious open-plan living and dining area with a modern kitchen, that extends towards the connecting alfresco area and leads to an exclusive fully fenced grassed courtyard featuring established gardens.

The master bedroom encompasses a walk-in robe, stylish ensuite, while two additional bedrooms are fitted with built-in robes.

Minutes from Morningside train station and Cannon Hill Kmart Plaza, the home is nearby to the fashionable Oxford Street and Hawthorne Ferry Terminal.

The property is to go to auction, with listing agent Tammy Dale (+61 407 120 099) of Place Bulimba overseeing the listing. Eplace.com

 

2/54 Miskin Street, Toowong, Qld

This tri-level townhouse is in a class of its own. Sleeks lines and a superb fit-out are just part of the build as the property boasts a relaxed ambience throughout with abundant natural light and ventilation.

The indoor-outdoor layout is afforded via dual sets of French doors that open out to a private entertainer’s terrace overlooking the lush, landscaped gardens.

Further a spacious designer kitchen – featuring smart storage, capacity, stainless steel quality appliances, dishwasher, large breakfast bar.

Upstairs, the top-level offers three generous sized bedrooms, two with access to the front veranda, while the master boasts private ensuite. Additional bedrooms are serviced by a central bathroom.

Entertainment surrounds with Toowong and Indooroopilly shopping centres moments away and the residence centrally located to parks, universities, schools and transport directly to Brisbane CBD.

The listing is with Chris Gower (+61 438 882 780) of Gower Property Group; gowerpropertygroup.com.au

 

 

3 Kelly Lane, Norman Park, QLD

Very rarely do opportunities like this become available to the market. Here, the 3-bedroom, 2-bathroom, 2 car garage freehold terrace in Norman Park is elevated on a low-maintenance block of 150sqm.

Fitted with parquet flooring, stone benchtops, in the kitchen, ceiling fans throughout, open plan living areas and city views.

The home is split into two levels, with the bedrooms, including the master suite – complete with ensuite and private balcony – residing on the upper level.

Downstairs, the living area flows out to a private courtyard, while the dining space and kitchen open towards the landscaped alfresco dining area.

The listing is for auction with Henry Hodge of Henry Hodge Real Estate (+61 0404 430 327); henryhodge.com.au

 

 

31/153 Lambert Street, Kangaroo Point, Qld

Step inside this stylish sub-penthouse with river views ideally located in the Kangaroo Point hub and experience all Brisbane’s inner-city lifestyle has to offer.

Designed with both relaxed living and entertaining firmly in mind, the 3-bedroom, 2-bathroom, 2-car parking apartment’s open plan living areas are privy to floor-to ceiling glass opening to the outdoor balcony.

Further, the apartment boasts a full-length entertainer’s balcony overlooking the Brisbane river, a functional kitchen with stainless steel appliances connected to open plan tiled dining and living areas.

Elsewhere the main bedroom is fitted with a study nook and access to the balcony, while two other good size bedrooms round out the apartment.

The apartment also has access to a lap pool and communal entertaining area.

Minutes away from the river boardwalk and greenery of Mowbray park, the residence has access to the best restaurants, shops and entertainment in Kangaroo Point and the CBD.

The property is heading to auction with Harcourts Homeside Pattie Steele (+61 402 908 271) the listing. Homeside.harcourts.com.au

 



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Home prices declined at a faster pace in May in major cities, while other data show a mixed picture for the world’s second-largest economy

By REBECCA FENG
Tue, Jun 18, 2024 3 min

China’s broken housing market isn’t responding to some of the country’s boldest stimulus measures to date—at least not yet.

The Chinese government has been stepping up support for housing and other industries in recent months as it tries to revitalize an economy that has  continued to disappoint  since the early days of the pandemic.

But fresh data for May showed that businesses and consumers remain cautious. Home prices continue to fall at an accelerating rate, and fixed-asset investment and industrial production, while growing, lost some momentum.

“China’s May economic data suggest that policymakers have a lot to do to sustain the fragile recovery,” Yao Wei, chief China economist at Société Générale, wrote in a client note on Monday.

The worst pain is in the property sector, which has been struggling to deal with oversupply and weak buyer sentiment since 2021, when a multiyear  housing boom ended . The market still doesn’t appear to have found a floor, even after Beijing rolled out its most aggressive stimulus measures so far  in mid-May  in hopes of restoring confidence.

In major cities, new-home prices fell 4.3% in May compared with a year earlier, worse than a   3.5% decline in April, according to data released Monday by China’s National Bureau of Statistics. Prices in China’s secondhand home market tumbled 7.5%, compared with a 6.8% drop in April.

Home sales by value tumbled 30.5% in the first five months of this year compared with the same months last year.

“This data was certainly on the disappointing side and may ring some alarm bells, as May’s policy support package has not yet translated to a slower decline of housing prices, let alone a stabilisation,” said Lynn Song, chief China economist at ING.

Economists had also been hoping to see a wider recovery this month after Beijing started  rolling out  a planned issuance of 1 trillion yuan, the equivalent of $138 billion, in ultra-long sovereign bonds in May. The funds are designed to help pay for infrastructure and property projects backed by the authorities. Investors  gobbled up  the first batch of these bonds.

Monday’s bundle of economic data, however, underlined how the country still isn’t firing on all cylinders.

Retail sales, a key metric of consumer spending, rose 3.7% in May from a year earlier, compared with 2.3% in April, according to the National Bureau of Statistics. While the trend is heading in the right direction, it is still a relatively subdued level of growth, and below what most economists believe is needed to kick-start a major revival in consumer spending.

The expansion in industrial production—5.6% in May compared with a year earlier—was down from April’s 6.7% increase. Fixed-asset investment growth, of which 40% came from property and infrastructure sectors, also decelerated, to 3.5% year-over-year growth in May from 3.6% in April.

Key to the sluggish economic activity data in May—and China’s outlook going forward—is the crisis in the property market, which has proven hard for policymakers to address.

The property rescue package in May included letting local governments buy up unsold homes, removing minimum interest rates on mortgages, and reducing payments for potential home buyers. It also included as its centerpiece a $41 billion so-called re-lending program launched by the People’s Bank of China, which would provide funding to Chinese banks to support home purchases by state-owned firms.

The hope was that by stepping in as a buyer of last resort for millions of properties, the government would manage to mop up unsold housing inventory and persuade wary home buyers to re-enter the market. In turn, Chinese consumers, who have  most of their wealth  tied up in real estate, would feel more confident about spending again, thereby lifting the overall economy.

But the size of the re-lending program wasn’t big enough to convince home buyers, said Larry Hu , chief China economist at Macquarie Group. “Meanwhile, their income outlook also stays weak given the current economic condition,” he said.

For the property market to bottom out and reach a new equilibrium, mortgage rates, which stand at around 3-4% in China, need to be as low as rental yields, which are currently below 2% in major cities, said Zhaopeng Xing, a senior China strategist at ANZ. He said that a large mortgage rate cut will need to happen eventually.

The other key part of China’s push to revive growth revolves around the manufacturing sector, with leaders  funnelling more investment  into factories to boost output and reduce the country’s reliance on foreign suppliers of key technologies.

The result has been a surge in production. But with domestic consumption not strong enough to absorb all those goods, many factories have been forced to cut prices and seek out more overseas buyers.

Data released earlier this month showed that  Chinese exports rose  faster in May than the month before.

However, the export push is  butting into resistance  as governments around the world worry about the impact of cheap Chinese competition on domestic jobs and industries. The European Union last week said it would  impose new import tariffs  on Chinese electric vehicles, describing China’s auto industry as heavily subsidised by the government, to the point where other countries’ automakers can’t fairly compete.

The U.S.  has also hit  Chinese cars and some other products with hefty duties, while countries including Brazil, India and Turkey have opened antidumping investigations into Chinese steel, chemicals and other goods.

Beijing says such moves are protectionist and that its industries compete fairly with global rivals.