5 Brisbane Properties Under $1 Million
Inner-city abodes under the seven-figure mark.
4 min
3305/111 Mary Street, Brisbane City, QLD
Epitomising prestige and effortless living comes this elegant 2-bedroom, 2-bathroom, 1-car apartment on the 33rd floor of the renowned Westin Brisbane.
Here, herringbone floors, a deluxe kitchen – with stone benchtops, gas cooking and sleek cabinetry – and an intimate dining area decorate the main living zone.
Elsewhere sees a separate home office and two well-scaled bedrooms replete with two stunning bathrooms – the master is complete with a walk-in robe and its own ensuite with balcony access.
Further, the home boasts a spectacular view over the CBD that graces you through floor to ceiling windows.
Located in ‘Mary Lane’, the home offers the ultimate in inner-city living, nearby to boutiques, dining and gardens literally at your feet.
The listing is with Ray White Metro North, POA; raywhitemetronorth.com.au
35/110 Macquarie Street, Teneriffe, QLD
Set in the original Woolstore residence comes this opulent apartment in Brisbane’s secure Teneriffe Village.
With soaring ceilings, exposed beams and brickwork complemented by hardwood timber flooring throughout, the generous floorplan comprises of 3-bedrooms, 2-bathrooms and a single car space.
Inside sees open plan living, with a spacious kitchen complemented with oversize windows for streams of natural light.
A generous master suite offers luxurious accommodation with its own walk-in-robe and ensuite while two additional bedrooms and a bathroom make up the rest of the residence.
Elsewhere a separate study with built-in cabinetry informs the space.
The listing is nearby to the Gasworks and James street entertainment precinct while the CBD is less than 3km away.
Listing is with Ray White New Farm; rwnf.com
41/30 Macrossan Street, Brisbane City, QLD
Positioned riverside in the centre of Brisbane comes this stylishly renovated 3-bedroom, 2-bathroom, 1-car apartment.
Generous living and dining spaces transition through floor to ceiling glass doors while the modern kitchen – complete with quality appliances – offers a focal point and plenty of storage.
Elsewhere the homes master suite offers its own balcony, walk through robe, floor-to-ceiling mirrors and a luxe ensuite with dual basins.
A further two bedrooms with built-in robes round out the apartment’s offering.
With Brisbane’s riverwalk at your doorstep, it’s only a short walk to the newly completed Howard Smith Wharves, Eagle St Pier and all the best Brisbane’s CBD offers
The listing is with Place Brisbane, $880,000; eplace.com
204/14 Helen Street, Teneriffe, QLD
Situated on the second level in Obsidian apartments comes one of only thirteen residences within the boutique building.
Inside, arrives intelligent design, beautifully crafted interiors set within an impressive location.
Streamlined design, ceramic details, burnished gold accents and more invites you to relax and entertain in style on the private outdoor terrace.
An open plan living, and dining is the feature of the 3-bedroom, 2-bathroom, 2-car apartment, with the kitchen a focal point.
Elsewhere the oversized covered balcony featuring a built-in barbecue makes it the ideal entertainer.
Accommodation includes a generous master bedroom with a large robe space, internal feature fittings, shoe cabinet and more.
Further, two additional bedrooms, fitted with built-in robes complete the residence.
The home is a leisurely stroll from a plethora of renowned dining options and boutiques, this exceptional apartment is also close to the Teneriffe Ferry Terminal and river walk.
The listing is with Place Kangaroo Point; eplace.com
4805, 222 Margaret Street, Brisbane City, QLD
Located in the heart of Brisbane’s CBD, within the sky-piercing 274-metre tall Brisbane Skytower comes the expansive 3-bedroom, 2 bathroom, 1 car garage abode on level 48.
Inside sees double glazed glass panels with floor to ceiling views of the city bringing light into the open plan living area.
Here, one finds the contemporary kitchen with quantum quartz benchtop, Ilve appliances and plenty of storage.
For accommodation, the home sees three spacious bedroom with an ensuite in the master.
Inside this luxury brisbane apartment complex comes an infinity pool, five-star resort recreational deck for entertaining, a gym and indoor pool located in the heart of the CBD.
The listing is with Yong Real Estate, $938,500; yong.com.au
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
New research suggests spending 40 percent of household income on loan repayments is the new normal
3 min
Requiring more than 30 percent of household income to service a home loan has long been considered the benchmark for ‘housing stress’. Yet research shows it is becoming the new normal. The 2024 ANZ CoreLogic Housing Affordability Report reveals home loans on only 17 percent of homes are ‘serviceable’ if serviceability is limited to 30 percent of the median national household income.
Based on 40 percent of household income, just 37 percent of properties would be serviceable on a mortgage covering 80 percent of the purchase price. ANZ CoreLogic suggest 40 may be the new 30 when it comes to home loan serviceability. “Looking ahead, there is little prospect for the mortgage serviceability indicator to move back into the 30 percent range any time soon,” says the report.
“This is because the cash rate is not expected to be cut until late 2024, and home values have continued to rise, even amid relatively high interest rate settings.” ANZ CoreLogic estimate that home loan rates would have to fall to about 4.7 percent to bring serviceability under 40 percent.
CoreLogic has broken down the actual household income required to service a home loan on a 6.27 percent interest rate for an 80 percent loan based on current median house and unit values in each capital city. As expected, affordability is worst in the most expensive property market, Sydney.
Sydney
Sydney’s median house price is $1,414,229 and the median unit price is $839,344.
Based on 40 percent serviceability, households need a total income of $211,456 to afford a home loan for a house and $125,499 for a unit. The city’s actual median household income is $120,554.
Melbourne
Melbourne’s median house price is $935,049 and the median apartment price is $612,906.
Based on 40 percent serviceability, households need a total income of $139,809 to afford a home loan for a house and $91,642 for a unit. The city’s actual median household income is $110,324.
Brisbane
Brisbane’s median house price is $909,988 and the median unit price is $587,793.
Based on 40 percent serviceability, households need a total income of $136,062 to afford a home loan for a house and $87,887 for a unit. The city’s actual median household income is $107,243.
Adelaide
Adelaide’s median house price is $785,971 and the median apartment price is $504,799.
Based on 40 percent serviceability, households need a total income of $117,519 to afford a home loan for a house and $75,478 for a unit. The city’s actual median household income is $89,806.
Perth
Perth’s median house price is $735,276 and the median unit price is $495,360.
Based on 40 percent serviceability, households need a total income of $109,939 to afford a home loan for a house and $74,066 for a unit. The city’s actual median household income is $108,057.
Hobart
Hobart’s median house price is $692,951 and the median apartment price is $522,258.
Based on 40 percent serviceability, households need a total income of $103,610 to afford a home loan for a house and $78,088 for a unit. The city’s actual median household income is $89,515.
Darwin
Darwin’s median house price is $573,498 and the median unit price is $367,716.
Based on 40 percent serviceability, households need a total income of $85,750 to afford a home loan for a house and $54,981 for a unit. The city’s actual median household income is $126,193.
Canberra
Canberra’s median house price is $964,136 and the median apartment price is $585,057.
Based on 40 percent serviceability, households need a total income of $144,158 to afford a home loan for a house and $87,478 for a unit. The city’s actual median household income is $137,760.
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
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