HOMES in these suburbs earn double what the average worker does, raking in as much as $724.66 a night as their owners sleep.
Latest figures from realestate.com.au and CoreLogic showed the top 10 Queensland suburbs for capital growth in the last year came out of the southeast corner of the state, the bulk of which were in Brisbane and Ipswich.
Chandler in Brisbane’s southeast topped the capital gains of the 10 best performing suburbs in the state when it came to daily earnings, with homes there bringing in a whopping $724.66 a day without their owners having to lift a finger. At $264,500 for the year, that’s about as much as the average futures trader earned in salary last year according to the Australian Taxation Office ($264,830).
Homes in Yeerongpilly were making their owners $506.85 richer every day ($185,00 annually) – which was like having a petroleum engineer in your wallet ($185,808), while Indooroopilly houses were cranking out a $495.89 boost in value daily ($181,000p/a) which was a public servant deputy level salary ($181,849).
Top performer percentage wise was Kurwongbah in Moreton Bay (32 per cent), four of the top 10 suburbs were in Brisbane (Yeerongpilly 28.2 per cent, Corinda 25.6 per cent, Indooroopilly 22 per cent and Chandler 21.5 per cent), the same out of the Ipswich region (Willowbank 27.7 per cent, Brightview 23.1 per cent, Chuwar 21.7 per cent), and Boonah in Scenic Rim also made the cut (20.9 per cent).
Agent Nyree Ewings of LJ Hooker Birkdale-Wellington Point said Chandler’s big earnings were not a surprise given the size of its blocks and Goldilocks proximity to the city, ocean and Gateway Motorway.
“It’s the most affordable acreage with good access to the city,” she said. “That’s the exciting part – there’s a package for every style of acreage there.”
“The reason there’s been so much capital growth there is people wanting a good old fashioned lifestyle but still within reach of the city and water.”
She said entry level in the area was over $1m now such as 2837 Old Cleveland Road which has 2.36 acres, two four-bedroom houses and a massive eight car spaces.
Its owner Amanda Wolski put the Chandler property on the market for $1.15m – “an entry level price”.
“I know it’s a good area. I did build it 12 years ago. It’s just beautiful out here, private, it feels like you’re in the country but you’re just 20 minutes to the city, private schools, close to the Gateway Motorway. You can be on the coast in an hour. The location is just incredible.
“It’s been the most beautiful place to raise children, they’ve had horses, guinea pigs, been in the pony club for years, had motor bikes, go carts, chickens, geese, campouts, firepits. We will miss that most plus just the peace and the trees.”
Ms Ewings said the home was attracting developers looking to land bank as well as locals keen to get into acreage as well as people from outside the area.
QLD TOP 10 CAPITAL GAINS
HOUSES
1 Kurwongbah 32% gain; $452.05 a day; $79.33p/hour
2 Yeerongpilly 28.2%; $506.85 a day; $88.94p/hour
3 Willowbank 27.7%; $246.58; $43.27
4 Corinda 25.6%; $457.53; $80.29
5 Brightview 23.1%; $164.38; $28.85
6 Indooroopilly 22%; $495.89; $87.02
7 Chuwar 21.7%; $273.97; $48.08
8 Chandler 21.5%; $724.66; $127.16
9 Boonah 20.9%; $157.53; $27.64
10 Basin Pocket20.6%; $132.88; $23.32
(Source: realestate.com.au)
Source: www.news.com.au