Prestige Property: 32 Becker Place, Mount Ommaney, QLD
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Prestige Property: 32 Becker Place, Mount Ommaney, QLD

A capacious hilltop residence sets a new standard of luxury.

By Terry Christodoulou
Fri, May 14, 2021 5:09pmGrey Clock 2 min

A suspended concrete tri-level glass and stone mansion perched on the hill in Mount Ommaney, Brisbane, is one of the city’s most elevated waterfront properties.

Boasting panoramic views of Brisbane River, as well as distant mountain range views of Cunningham’s Gap, comes this 5-bedroom, 5-bathroom, 12-car parking pile spread across a secluded 2858sqm location.

Inside, a three-storey central void is reminiscent of five-star international hotels – giving an immense sense of space, further elevated by soaring panes of glass and a sweeping circular staircase. Drawing the eye in once more is a stone-clad internal lift that services all floors.

The top level – facing the river – sees the master bedroom, complete with ensuite, walk-in-robe, and nearby study or nursery. The master bedroom is surrounded by private rooftop deck.

The middle level is the core of the home, with the living, dining and kitchen space all located here. The kitchen boasts a quartz island bench and butler’s kitchen alongside a powder room. A custom-built, spacious bar – made of French Oak – which opens out onto a spacious deck is ideal for drinking in the views.

Also on the middle level is the children’s wing – featuring three bedrooms, each with individual balconies. One enjoys an ensuite, while the other two share a bathroom.

The lower level also homes a 10-seat, 3- tired French-inspired cinema, replete with a cocktail cabinet and games table area.  Further, a custom-built Alpine stone bar and backs ono an enormous rumpus room with a full-sized lounge and pool table.

Also on the lower level is a bedroom which acts well as a guest room. Also here is another luxurious bathroom.

The lower level also grants access – via stacking doors – to the alfresco entertaining area complete with magnesium infinity pool, 8-seater spa and outside pool house with shower and toilet.

Located 25-minutes to Brisbane’s CBD and an hour’s drive to the Gold Coast, the grand residence enjoys the conveniences of Mount Ommaney without forgoing its relaxed lifestyle.

The listing is with NGU Real Estate Toowong’s Emil Juresic (+61 481 601 793), POA. ngurealestate.com.au



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Stronger demand in some areas is pushing unit rents up faster than houses

By Bronwyn Allen
Tue, Mar 5, 2024 3 min

Renters are returning to the apartment market, leading to higher growth in weekly rents for units than houses over the past year, according to REA data. As workers return to their corporate offices, tenants are coming back to the inner city and choosing apartment living for its affordability.

This is a reversal of the pandemic trend which saw many renters leave their inner city units to rent affordable houses on the outskirts. Working from home meant they did not have to commute to the CBD, so they moved into large houses in outer areas where they could enjoy more space and privacy.

REA Group economic analyst Megan Lieu said the return to apartment living among tenants began in late 2021, when most lockdown restrictions were lifted, and accelerated in 2022 after Australia’s international border reopened.

Following the reopening of offices and in-person work, living within close proximity to CBDs has regained importance,” Ms Lieu said.Units not only tend to be located closer to public transport and in inner city areas, but are also cheaper to rent compared to houses in similar areas. For these reasons, it is unsurprising that units, particularly those in inner city areas, are growing in popularity among renters.

But the return to work in the CBD is not the only factor driving demand for apartment rentals. Rapidly rising weekly rents for all types of property, coupled with a cost-of-living crisis created by high inflation, has forced tenants to look for cheaper accommodation. This typically means compromising on space, with many families embracing apartment living again. At the same time, a huge wave of migration led by international students has turbocharged demand for unit rentals in inner city areas, in particular, because this is where many universities are located.

But it’s not simply a demand-side equation. Lockdowns put a pause on building activity, which reduced the supply of new rental homes to the market. People had to wait longer for their new houses to be built, which meant many of them were forced to remain in rental homes longer than expected. On top of that, a chronic shortage of social housing continued to push more people into the private rental market. After the world reopened, disrupted supply chains meant the cost of building increased, the supply of materials was strained, and a shortage of labour delayed projects.

All of this has driven up rents for all types of property, and the strength of demand has allowed landlords to raise rents more than usual to help them recover the increased costs of servicing their mortgages following 13 interest rate rises since May 2022. Many applicants for rentals are also offering more rent than advertised just to secure a home, which is pushing rental values even higher.

Tenants’ reversion to preferring apartments over houses is a nationwide trend that has led to stronger rental growth for units than houses, especially in the capital cities, says Ms Lieu. “Year-on-year, national weekly house rents have increased by 10.5 percent, an increase of $55 per week,” she said.However, unit rents have increased by 17 percent, which equates to an $80 weekly increase.

The variance is greatest in the capital cities where unit rents have risen twice as fast as house rents. Sydney is the most expensive city to rent in today, according to REA data. The house rent median is $720 per week, up 10.8 percent over the past year. The apartment rental median is $650 per week, up 18.2 percent. In Brisbane, the median house rent is $600 per week, up 9.1 percent over the past year, while the median rent for units is $535 per week, up 18.9 percent. In Melbourne, the median house rent is $540 per week, up 13.7 percent, while the apartment median is $500 per week, up 16.3 percent.

In regional markets, Queensland is the most expensive place to rent either a house or an apartment. The house median rent in regional Queensland is $600 per week, up 9.1 percent year-onyear, while the apartment median rent is $525, up 16.7 percent.

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