Five Brisbane Properties For $800,000

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

There has been a substantial increase in the number of Australians earning high incomes who are renting their homes instead of owning them, and this may be another element contributing to higher market demand and continually rising rents, according to new research.

The portion of households with an annual income of $140,000 per year (in 2021 dollars), went from 8 percent of the private rental market in 1996 to 24 percent in 2021, according to research by the Australian Housing and Urban Research Institute (AHURI). The AHURI study highlights that longer-term declines in the rate of home ownership in Australia are likely the cause of this trend.

The biggest challenge this creates is the flow-on effect on lower-income households because they may face stronger competition for a limited supply of rental stock, and they also have less capacity to cope with rising rents that look likely to keep going up due to the entrenched undersupply.

The 2024 ANZ CoreLogic Housing Affordability Report notes that weekly rents have been rising strongly since the pandemic and are currently re-accelerating. “Nationally, annual rent growth has lifted from a recent low of 8.1 percent year-on-year in October 2023, to 8.6 percent year-on-year in March 2024,” according to the report. “The re-acceleration was particularly evident in house rents, where annual growth bottomed out at 6.8 percent in the year to September, and rose to 8.4 percent in the year to March 2024.”

Rents are also rising in markets that have experienced recent declines. “In Hobart, rent values saw a downturn of -6 percent between March and October 2023. Since bottoming out in October, rents have now moved 5 percent higher to the end of March, and are just 1 percent off the record highs in March 2023. The Canberra rental market was the only other capital city to see a decline in rents in recent years, where rent values fell -3.8 percent between June 2022 and September 2023. Since then, Canberra rents have risen 3.5 percent, and are 1 percent from the record high.”

The Productivity Commission’s review of the National Housing and Homelessness Agreement points out that high-income earners also have more capacity to relocate to cheaper markets when rents rise, which creates more competition for lower-income households competing for homes in those same areas.

ANZ CoreLogic notes that rents in lower-cost markets have risen the most in recent years, so much so that the portion of earnings that lower-income households have to dedicate to rent has reached a record high 54.3 percent. For middle-income households, it’s 32.2 percent and for high-income households, it’s just 22.9 percent. ‘Housing stress’ has long been defined as requiring more than 30 percent of income to put a roof over your head.

While some high-income households may aspire to own their own homes, rising property values have made that a difficult and long process given the years it takes to save a deposit. ANZ CoreLogic data shows it now takes a median 10.1 years in the capital cities and 9.9 years in regional areas to save a 20 percent deposit to buy a property.

It also takes 48.3 percent of income in the cities and 47.1 percent in the regions to cover mortgage repayments at today’s home loan interest rates, which is far greater than the portion of income required to service rents at a median 30.4 percent in cities and 33.3 percent in the regions.