Five Properties To Buy For $1 Million
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Five Properties To Buy For $1 Million

Here’s the best of what you can get around the country.

By Terry Christodoulou & Richard Clune
Thu, Apr 1, 2021 3:29pmGrey Clock 4 min

PERTH: 134A Rosebery Street Bedford WA 6052

‘Go west’ Pet Shop Boys famously warbled, and looking at this central and affordable Perth pile, it’s hard to disagree.

A designer abode within easy reach of the CBD, coffee strip and with a pool? Little wonder many are leaving the east in search of affordable lifestyle offerings such as this.

Only eight years old, this two-storey affair offers bedroom upstairs – the main suite with generous sitting area, WIR and ensuite – with alluring living on the ground, inclusive of open-plan, designer living/dining/kitchen (the latter with Smeg appliances) as well as cinema room and neat study.

The downstairs seamlessly opens to a generous and decked outdoor alfresco area and the aforementioned in-ground pool. This is designer living well conceived – an energy-efficient home featuring solar passive design, ground floor concrete slab heating, brick wall insulation as well as commercial-grade glazing throughout.

Located just a 10-minute walk from the acclaimed Beaufort St cafe strip, the home rests opposite Catherine Reserve, with an abundance of schools, Galleria Morley and Inglewood shopping just moments away.

All offers presented by Friday April 9 at 5pm. The property is with Chris Pham of Remark Urban; urban.realmark.com.au

 

MELBOURNE: 7A/29 Queens Road Melbourne VIC 3004

With uninterrupted views across Albert Park Lake, Port Phillip Bay and the City Skyline, this is light-filled, central living at its best.

Boasting two bedrooms – the main with neatly held ensuite and exclusive, private balcony – the seventh-floor offering extends to another bedroom (which also leads to main, wrap-around balcony), well-appointed, granite kitchen and modern main bathroom as well as neat laundry and secure car park with lift access and storage cage.

The main living/dining rests independently of the kitchen and boasts timber flooring and exemplary views via floor-to-ceiling windows throughout.

Located in an alluring Art Deco-inspired building, enjoy private resident’s fully-equipped gym, heated indoor swimming pool and spa, expansive terrace overlooking Albert Park Golf Course and also building manager.

Located on the edge of the CBD, enjoy easy access to the Royal Botanic Gardens and Fawkner Park, with nearby trams on Toorak Road.

Asking $920,000 – $1,000,000 and listed with Gary Ormrod of Kay & Burton South Yarra; kayburton.com.au

 

 

SYDNEY: 49 Bestic Street, Rockdale, NSW 2216

With Sydney’s median house price well above the $1.2 million mark, you may be thinking it’s impossible to get a house close to the CBD for that mythical price.

Enter this charming 4-bedroom solid brick home in Rockdale, in Sydney’s south. Less than 15km or 20-minutes from the CBD, this expansive one-storey family home sees plenty of its original character features left behind such as decorative ceilings, a fireplace and polished timber floors.

Elsewhere, the home has been extensively modernised, with new kitchen and bathroom fixtures bringing the property into the contemporary age.

Further, the home is located on the ‘high-side’ of Bestic Street, which means the elevated back veranda, which flows on from the kitchen, gives far-reaching district views.

With Rockdale shops, train station and access to freeway connections all nearby, it’s a bargain in a convenient location.

Auction is April 10, price guide $1 million; bayview.century21.com.au

 

 

BRISBANE: 18 Power Street, Norman Park, Qld 4170

Moments from Brisbane CBD arrives this warm, inviting character home.

The 3-bedroom, 2-bathroom, 2-car garage sees French doors lead you into the lounge and kitchen area which is complete stone benchtops and Miele appliances

Here, an open plan living space is found upstairs with city views. The main living area sees polished timber flooring and high ceilings alongside a lounge room with built-in cabinetry.

The main living area is separated from the bedroom quarters allowing for a quiet space, with the main bedroom featuring an ensuite with double basins and walk-in wardrobe.

Importantly, Norman Park offers a list of local amenities you can’t pass up. Nearby cafes on Oxford Street in Bulimba alongside access to the CityCat into the CBD is coupled with elite schooling options all moments away.

The listing is with Emil Jeresic of NGU Real Estate, POA;.ngurealestate.com.au/

 

ADELAIDE: 2/108 Stephen Terrace, Gilberton, SA 5081

Situated in one of Adelaide’s most prestigious location comes this two-storey, 3-bedroom, 3-bathroom, 2 car garage home in stunning Mt Gambier stone.

Downstairs comprises a spacious open plan living and dining complete with a sleek modern kitchen, new appliances and walk-in pantry.

A double-height void to the second storey brings in natural light that is further highlighted by a gorgeous glass chandelier.

A gas log fire, flanked by built-in glass display cabinets is the focal point of the living room, while a separate study with an outlook to a private front garden is also found in the home.

Concertina café-style doors give access to the alfresco dining area, while a family room on the first floor opens to a large terrace enjoying tree-top views.

Close to Adelaide Botanic, The Linear Park and Adelaide’s finest private schools, it’s the ideal family home nearby to Adelaide CBD.

The listing is with Richard Hayward of Klemich property, POA; klemich.com.au



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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He commented: “[ASIC] predicts that by the end of the financial year, the number of companies entering external administration will likely exceed 10,000 – a level not seen since 2012-13, in the aftermath of the Global Financial Crisis (GFC).”

Mr Rumbens said the elements contributing to this year’s surge in insolvencies include high inflation and interest rates, weak consumer spending, and the commencement of more proactive tax debt collection activities by the Australian Taxation Office (ATO).

“One of the key factors contributing to this surge in insolvencies is the [ATO] pursuing debts that were previously put on hold during the COVID-19 pandemic,” he said.

Mr Rumbens cited ATO figures showing collectable debt rose 89 percent in the four years to June 2023. This has particularly impacted small businesses, which account for approximately 65 percent of the total debt owed at about $33 billion. “But more strictly enforced debt collection is coming at a time of tough economic conditions. High interest rates and cost-of-living pressures have weakened consumer spending, particularly in more discretionary components of spending.”

The construction sector has seen the highest number of insolvencies by far in FY24, mirroring the trend of FY23. Of the 9,988 insolvencies to date, 2,711 of them are in the building sector, which faces several challenges. These include a substantial lift in the cost of construction materials that is well above inflation and has made many fixed-price contracts signed within the past few years unprofitable. There is also a significant labour shortage that is delaying new home completions and new project starts, and also adding higher costs to projects.

“The construction sector has been hit particularly hard, with construction firms leading industry insolvencies in every quarter since mid-2021,” Mr Rumbens said. “They have accounted for approximately 25 percent of all insolvencies during this period. The residential construction sector is already facing a backlog of projects to complete as a result of skills and material shortages in recent years, and increased insolvencies in the sector may only exacerbate the problem of housing shortages.”

The ASIC data shows the next biggest industry affected is ‘other services’, which includes a broad range of personal care services such as hair, beauty, dietary, and death care services. The sector has seen 939 insolvencies in FY24. Retail trade is next with 687 insolvencies, followed by professional, scientific and technical services with 585 insolvencies.

“The food & accommodation sector has also experienced a wave of insolvencies. High input costs, worker shortages, and weak consumer sentiment have put pressure on businesses. Specifically, in March, cafés, restaurants, and takeaway businesses accounted for 5.5 percent of total business insolvencies, the highest proportion in the last three years.”

Mr Rumbens pointed out that while the number of insolvencies was high, it represents a lower share of the business sector at 0.33 percent than it did in FY13 when it was 0.53 percent. “This reflects the increase of registered companies in Australia, which has risen from just over two million to 3.3 million since 2012-13. Even so, the continued lift in insolvencies since 2021 highlights the difficult conditions many businesses face at present.”

 

 

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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