The Sunshine State Is In High Demand
Queensland’s residential property market experiences strong quarter.
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Across Queensland, median house prices climbed 1.8% over the quarter with Greater Brisbane and tourism hotspots proving the most appealing.
Brisbane achieved the highest number of house sales over the quarter according to data from the Real Estate Institute of Queensland (REIQ), with 3912 sales. This was followed by the Gold Coast (2,419), Moreton Bay (1,945), Sunshine Coast SD (1,510), Logan (1,413) and Ipswich (1,366).
Brisbane’s median house price rose by 4.7% over the quarter, reaching a new high of $900,000. The new figures represent a 15.5% growth compared to 12 months prior.
Despite the rise, Greater Brisbane still remains affordable with the capital city outskirts experiencing a lesser 2.8% quarterly increase to a median house price of $640,000.
Noosa was the clear stand-out with 13% growth in the quarter. However, the holiday-town couldn’t match its previous efforts of 19.8% growth in the June 2021 quarter.
Ipswich (8.7%), Redland and Fraser Coast (both at 6.5%), and Bundaberg (6.4%) followed on to round out the top five fastest-growing local government areas.
Noosa also took the top spot for the highest quarterly median sale price at $1.3 million — $400,000 above the state’s next best performer Brisbane at $900,000, Sunshine Coast SD at 850,000, Sunshine Coast at $825,000 and Gold Coast at $810,500.
It’s not only houses on the rise as Queensland’s median unit prices rose 3.5% over the quarter.
Local government areas such as Mackay (17.4%), Sunshine Coast 12.1%) and Sunshine Coast SD (11.1%) all saw double-digit growth in the quarter.
Greater Brisbane experienced moderate median unit price growth at 1.8 per cent to reach $420,000.
Coastal areas garnered the highest unit prices with Noosa ($850,000), Sunshine Coast SD ($600,000), Sunshine Coast ($560,000) and Gold Coast ($510,000) at the top of the charts.
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Former Google CEO Eric Schmidt is selling his Northern California estate, which was listed Monday for $24.5 million.
Located in Atherton, an extremely affluent town northwest of Palo Alto and about 30 miles south of San Francisco, the 3.36-acre property is made up of three parcels that Schmidt acquired over the years, according to public records and Compass, who has the listing.
Schmidt, 69, and his wife, businesswoman Wendy Schmidt, purchased the main home in 1990 for $2 million, according to public records accessed via PropertyShark. They remodelled the 1969 home in 2007, and at that time, bought a neighbouring parcel of land, allowing an expansion of the main house and the addition of a guest house, according to Compass, who holds the listing. A third parcel was later acquired, on which the Schmidts added an English garden house and landscaped grounds overlooking the Eastern Hills.
“Finding three contiguous parcels in Atherton is rare. Even rarer are those with views of the Eastern hills,” said listing agent Katharine Carroll of the reSolve Group at Compass. “The location of this residence is ultra private, at the back of a cul-de-sac with the main house built into a hillside that provides privacy and very good security.”
Across the estate, there are five bedrooms, five full bathrooms and six half bathrooms.
The 5,265-square-foot main house also offers a number of private outdoor spaces on its upper level, including a large terrace off the primary suite, another large terrace off a secondary bedroom, plus a third smaller terrace and two balconies.
Behind the main house is a patio with a pool and spa. For even more outdoor space, there’s an entertaining pavilion, an open lawn and an outdoor fireplace area near the guest quarters.
The grounds themselves are also a standout feature, with an array of mature plants and specimen trees. The upper portion of the property’s landscaping is designed around an Amdega-designed conservatory, which was imported from the U.K. Around the greenhouse, there is a garden of raised beds and fruit trees, Carroll said.
“From the moment you step onto the grounds, it feels as if you’ve been transported to a private botanical sanctuary,” she said.
Schmidt served as Google’s CEO from 2001 to 2011, and then became the company’s executive chairman until 2015. He could not be reached for comment.
This article first appeared on Mansion Global
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