📈 Today's Commercial Property & SMSF News
Brisbane's Tightly Held Suburbs See Boomer Exodus, Opening Opportunities for New Buyers
A notable shift is occurring in Brisbane's traditionally tightly held real estate market, as long-term homeowners over 60 are increasingly selling their properties. This trend has led to a 20% increase in listings across Brisbane, presenting new opportunities for younger families to enter these sought-after suburbs. This development contrasts with the previous decade's decline in available housing stock, as older homeowners, constrained by rental conditions and limited downsizing options, are now beginning to release properties in areas like Camp Hill, Norman Park, Coorparoo, and Holland Park.
Source: www.news.com.au
Luxury Riverfront Mansion in Queensland Sells for Record $26 Million
A luxury riverfront mansion on the Gold Coast, known as Rivers Bend, has been sold for $26 million to an undisclosed buyer. The property boasts numerous high-end features, including two swimming pools, a swim-up bar, a rooftop terrace, and a tennis court. This sale marks a new record for the Carrara suburb and underscores the strength of the Gold Coast's prestige property market. The estate is described as a grand and refined example of Gold Coast riverfront living, showcasing exceptional craftsmanship and attention to detail.
Source: www.news.com.au
The Block's Auction Results: Mistakes and Market Miscalculations
Real estate experts suggest that the limited success of The Block's recent auctions, where only three homes sold, was a fortunate outcome given several missteps. These errors began with the initial site selection, a year before contestants started renovations. The choice of Daylesford, a town with very few prior auctions, raised concerns. A property investment professional noted the unsuitability of a market with such limited auction activity, highlighting a critical flaw in the show's strategy.
Source: www.news.com.au
Brisbane Unit Sale Highlights Housing Affordability Crisis
A recent auction in Mount Gravatt East, a suburb of Brisbane, exemplified the escalating housing affordability challenges. A three-bedroom townhouse, initially listed as under $1 million, quickly surpassed that price, eventually selling for $1.5 million. The auction attracted over 20 registered bidders, demonstrating the intense competition and rapidly increasing prices that are pushing many potential buyers out of the market.
Source: www.abc.net.au
📊 Yesterday's Key Developments
Sydney's Hills District Experiences Rapid Population and Development Growth
The Hills Shire is currently the fastest-growing local government area in New South Wales, experiencing significant development activity driven by surging population forecasts. The Hills Shire Council's 2025 plan indicates a growth rate of 4.36% between 2022 and 2023, surpassing Greater Sydney's average of 2.77%. The NSW Government projects the area's population to reach 328,635 by 2041, representing a 71% increase from the current approximate population of 192,660. This growth is largely attributed to numerous housing projects, including master-planned communities such as Daiwa House's The Hills of Carmel in Box Hill.
Source: www.realestate.com.au
Sydney Buyers Offer Premium Prices to Avoid Auction Competition
An increasing number of Sydney properties listed for auction are being sold prior to the scheduled auction date. This trend, observed consistently over recent months, indicates that buyers are proactively making strong offers to secure properties and bypass the competitive auction environment. Real estate agents report that many buyers, particularly those who have previously missed out on properties, are willing to exceed market expectations to avoid further disappointment at auction.
Source: www.realestate.com.au
Melbourne Investor Secures Property with Sole Bid After Auction Pass-In
A two-bedroom unit in Preston, Melbourne, was sold for $475,000 to a single bidder following post-auction negotiations. The property at 8/383 Gilbert Rd initially passed in at auction but was subsequently sold above its price guide, $20,000 more than where it was passed in, to the only party who made a bid. The buyer, Archie Garcia, had a similar experience almost 20 years prior when purchasing the same unit.
Source: www.realestate.com.au
Baby Boomers Driving Increased Property Listings in Brisbane's Established Suburbs
Brisbane is seeing a rise in property listings from homeowners aged over 60 who have owned their homes for more than 25 years, with listings jumping 20% in the past year. This indicates a shift in traditionally tightly-held suburbs as Baby Boomers begin to downsize or move. Research indicates that this trend is occurring in popular areas like Camp Hill, Norman Park, and Coorparoo, as well as middle-ring suburbs such as Holland Park, where the over-65 population has decreased by as much as 10% over the past five years.
Source: www.realestate.com.au
Published: Sunday 02 November 2025 | Fresh Articles: 10 | Sections: 8 | RunID: 2025-11-02T08:10:41+11:00
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