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Northcote home sells for $3.67m top weekend result

Move in ready Northcote home lands Melbourne’s top weekend auction result after fierce downsizer competition.

A move-in ready Northcote stunner has claimed Melbourne’s top auction sale of the weekend after two downsizers went head to head and pushed the price to $3.67m in a fierce Ruckers Hill bidding war.

PropTrack data confirmed it was the highest reported auction result on Saturday.

The four bedroom Edwardian at 37 McCracken Ave drew strong interest for its blend of architectural design sustainable features and effortless indoor outdoor flow.

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Set behind a classic period facade the home opens to a series of light filled living zones with polished concrete Blackbutt timber and custom Cantilever joinery.

Stone surfaces gallery style lighting and an integrated kitchen anchor the main living area which flows to a north facing deck and an edible garden planted with herbs vegetables and natives.

Buyers also gravitated to the sculptural bathrooms fitted with Italian stone a freestanding bath and hand finished Robert Gordon basins.

Architect designed Edwardian reimagined with polished concrete Blackbutt timber and custom joinery throughout.

Three bidders pushed the price to 3.67m in a fast paced Ruckers Hill bidding war.

Three bidders registered for the auction, an opening offer of $3.2m launched a fast paced contest.

Jellis Craig Northcote auctioneer Nigel Harry said six rapid $25,000 rises placed the home on the market before two downsizers took control and battled to the finish.

“Anything move-in ready is incredibly popular especially in a prime pocket like Ruckers Hill” Mr Harry said.

“Value becomes very subjective at this price point.

Bold orange finishes add warmth and contrast to the home’s clean modern design.

Light filled dining zone flows to the north deck and edible garden for effortless everyday living.

“We had a young family in the mix but they were no match for the downsizers who fought right to the end.”

Mr Harry said demand for quality homes remained strong heading into the final weeks of the year.

“We do not see many more chances before Christmas” he said.

Thoughtful styling layers texture stone and timber to elevate the home’s calm contemporary feel.

Sculptural bathroom with Italian stone freestanding bath and hand crafted Robert Gordon basins.

“Some sellers may buy next week which could trigger a few off market options for buyers who are ready to move quickly.”

Mr Harry said he expects momentum to continue into 2026.

“Demand for anything move-in ready will stay strong,” he said.
“Homes with this level of craftsmanship and location always attract deep interest”.

Lush edible garden with herbs vegetables and natives creates a private urban retreat.


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david.bonaddio@news.com.au

The post Northcote home sells for $3.67m top weekend result appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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Inside the only South Melbourne project with 45+ lifestyle amenities

Living well in Melbourne increasingly means having everything you need within minutes — but finding prestige living, complete convenience and a strong sense of place in one address is rare.

R.Evolution changes that. It is the only South Melbourne development offering more than 45 lifestyle amenities — a scale more often seen in luxury hotels than residential buildings.

R.Evolution is a landmark South Melbourne project with the all the amenity of a luxury hotel.

Designed for a lifestyle that feels effortless

Direct lift access to Coles Local and Liquorland means your pantry and cellar are always stocked without the hassle of traffic or queues. 

The landscaped podium garden with fire pits offers a serene retreat for morning coffee or evening conversations under the stars. Designed by Paul Bangay OAM – one of the country’s most awarded landscape designers – his touch brings a sense of calm and greenery to the heart of the precinct. 

Electric vehicle charging stations keep you future-ready, while the dog spa ensures even four-legged family members are pampered. 

For wellness, the experience is holistic, as you start your day with a heated rooftop pool swim overlooking the city. After that, recharge in the magnesium spa and infrared therapy rooms designed to soothe muscles and restore balance. 

The Pilates studio, commercial gym and infinity running track make fitness a pleasure, not a chore. 

Among its 45+ amenities, R.Evolution features a fully-equipped fitness centre including a yoga studio.

When it comes to work, the Horizon Lounge on level 30 offers panoramic views that you can enjoy while getting the job done. 

Entertainment flows seamlessly. Perfect your swing in the golf simulator, enjoy a friendly challenge on the putting green, or host friends in the club lounge and private wine-tasting room. 

“It’s very, very easy to live here — nothing really compares as a lifestyle precinct,” says David, a resident at R.Iconic. 

“You’ve got light rail at the back for the footy, and a bus to the city at the front door.” 

Living at R.Evolution gives residents access to all the South Melbourne has to offer.

At the heart of South Melbourne’s next chapter

R.Evolution sits within a rapidly evolving lifestyle precinct, moments from Albert Park, Middle Park, the CBD, bayside beaches and the iconic South Melbourne Market — offering residents an unusually complete lifestyle. 

The development from R.Corporation follows the award-winning success of R.Iconic, which has received multiple nods for architecture, liveability and community design — recognition that underlines R.Corporation’s proven design pedigree and precinct-scale lifestyle thinking. 

In this latest project, walking and cycling tracks take residents to nearby parkland that connects the community to the shoreline. 

“There’s a park that goes all the way to the beach — I walk it most days,” says David. 

“It still feels like an emerging community, and there’s so much coming.”

R.Evolution is at the heart of one of Melbourne’s most dynamic lifestyle precincts.

Built as a precinct, not just a building

R.Evolution anchors the rejuvenation of Normanby Road and the Montague Precinct, set to deliver: 

  • Five new retail spaces including a restaurant, day spa, florist, café and salon 
  • Fully landscaped, pedestrian-friendly Normanby Road 
  • Dedicated cycling lanes and ground-level lifestyle services 

Apartments range from 1, 2 & 3 bedrooms and garden podium apartments to sub-penthouses and townhouses, creating a predominantly owner-occupied community with pride and care in shared spaces — supported by 24/7 security and concierge. 

The post Inside the only South Melbourne project with 45+ lifestyle amenities appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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A fresh take on downsizing: Resort-style living in Southside Gympie

Taking the next step in life should feel like a holiday.

In Southside Gympie, nestled among rolling hills and just a short drive from the Sunshine Coast, Willow Rise is a brand-new lifestyle community that will offer exactly that — resort-style living for over-50s. 

Located on Heritage Lane, this charming locale is designed to meet the needs of savvy buyers seeking a blend of comfort, connection and convenience. 

According to Liven Communities CEO Andrea Richards, “With its elevated position offering stunning views across the region, Willow Rise provides a true sense of place and a deep connection to nature, all while being just moments from the centre of town.” 

She says it’s somewhere every day can feel like a laidback escape, with residents able to relax by the pool, play a friendly game of bowls, or meet up with neighbours — all just a short stroll from their front door.

Willow Rise is a new lifestyle community offering resort-style living for savvy over-50s buyers.

A lifestyle‑led design

This community has been created with an emphasis on healthy living, social interaction and enjoyment. 

Residents will have access to exceptional facilities at the heart of the neighbourhood. 

“At the heart of the community, the clubhouse and amenities, spread across an upper and lower level, will serve as a vibrant hub, fostering connection and enriching the lives of our residents,” shares Ms Richards. 

Features will include a cinema, dance floor, bar and lounge, plus private dining areas. 

Outdoor spaces will add more ways to unwind, with BBQ zones, a swimming pool, sun lounges and landscaped grounds. 

For those keen to stay active, there will be lawn bowls, tennis and pickleball courts, a fully equipped gym, dedicated exercise and yoga area, and a golf simulator. 

Thoughtful extras such as visitor parking, caravan and boat storage, and a dog park mean residents will enjoy ease and convenience every day. 

Complimentary Wi-Fi and a community bus will make it easy to connect with the broader Gympie area.

The community will also have its very own Liven Willow Rise app, an all-in-one platform that will help residents connect and organise events and experiences.

The Clubhouse at Willow Rise is the community hub for relaxation, entertainment, and activity.

Homes built for connection and comfort

Homes here are designed to be more than bricks and mortar — they aim to foster a true feeling of belonging. 

The 150 architect-designed residences feature a seamless flow between kitchen, dining, living and alfresco spaces, perfect for relaxed living and entertaining.

These homes have been specifically designed for Liven Willow Rise’s region and environment, meaning these unique homes cannot be found elsewhere, even within other Liven communities.

Master suites typically include a walk-in robe and private ensuite, while a second bedroom near the main bathroom offers ideal accommodation for guests. 

Smart storage solutions, walk-in pantries and internal garage access are standard.

Each of the homes at Willow Rise is purposefully designed to suit the character of the region.

The land lease advantage

A key feature for buyers is the innovative land lease model. 

Homeowners purchase their home but lease the land it sits on for a weekly fee that goes towards the maintenance of their front gardens and towards the delivery and upkeep of the community’s amenities. 

This arrangement means no entry or exit fees, no stamp duty and no council rates — a major plus for those looking to free up their budget. 

When it comes time to sell, owners retain 100% of any capital gains, giving financial flexibility for the future.

The model empowers residents to enjoy stunning facilities while benefiting from a friendly, tight-knit community — and more money in their back pocket.

This stunning community is proving to be very popular with the first stages selling ahead of schedule, meaning now is the time to enquire about your new home and an enlivened life at Willow Rise.

The post A fresh take on downsizing: Resort-style living in Southside Gympie appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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Darren Palmer’s top tips for creating your dream coastal home in Shell Cove

Making the most of views and being inspired by nature are key features of coastal design – and these elements are far easier to bring to life when you choose the right location.

On the NSW South Coast, pristine waterfront communities such as Shell Cove are catching buyers’ attention.

In October alone, almost 2000 buyers searched for Shell Cove property on realestate.com.au, while the median house price rose 7.9% compared to the previous year.

Interior designer Darren Palmer says one location that stands out for its design potential is The Waterfront at Shell Cove.

“Along this coastline, opportunities like this don’t come along often – in fact they almost never do – absolute waterfront land, nestled between the white sandy shores of Shellharbour South beach and the glorious new  Shellharbour Marina, ready for you to create your dream home in one of the most breathtaking pockets of NSW,” he says.

Interior designer Darren Palmer says The Waterfront, Shellcove is a rare chance to create a dream coastal home.

A rare coastal opportunity

Shell Cove sits just 90km from southern Sydney and 22km from Wollongong, and has been thoughtfully masterplanned by Shellharbour City Council in partnership with Frasers Property Australia.

In the Shell Cove Peninsula Precinct, buyers can secure registered, ready-to-build waterfront land – a prospect that combines natural beauty with a vibrant marina lifestyle.

“What drew me here was the potential – the opportunity to design something truly personal, framed by nature and a community feel you won’t find anywhere else,” Palmer says.

Home designer Nadine Ryan of NadineK Design, who has worked with multiple clients in Shell Cove and also chose to build there herself, says the area’s wide blocks and flexible building-height allowances open up a world of possibilities.

“There are no floorspace-ratio requirements, so even if you have a 450-square-metre block, you could create up to 750 square metres of living space,” she says.

Buyers range from families and downsizers to Sydney-based holidaymakers who arrive by boat and berth in the marina for weekend getaways.

Shell Cove is a vibrant precinct perfect for buyers looking for a waterfront lifestyle.

Darren Palmer’s tips for designing your coastal dream

1. Make it personal

Palmer believes a dream coastal home doesn’t need to be “grand” – but it does need to be “yours”.

Your vision is what matters most, whether that’s an intimate retreat or a lively hub for family and friends.

“It could be a backyard that opens to the coast, rooms filled with light, a home that shifts with the seasons and connects you to the outdoors,” he says.

Think about how you want to feel in your home, and let that guide your design decisions.

2. Draw inspiration from nature

The coastal environment provides a ready-made mood board for colours, textures and finishes.

“It could be inspired by the sand, coral or seafoam – or you could look to the bush and use eucalyptus-greens, soft greys and earthy browns,” Palmer says.

Materials like timber, stone and linen not only reflect the surroundings but can also help your home age gracefully and feel in sync with its setting.

Taking inspiration from the coastal landscape can help bring the beautiful views into the home.

3. Tailor the layout to your lifestyle

Ryan says the home’s design should reflect who will be living there and how they plan to enjoy the space every day.

“Do you want upside-down living with kitchen and dining upstairs to take in the views? Or an attic space with a kitchenette and guest bed? Think about whether you’d like a pool, a garden, or even a lift for future accessibility,” she says.

Consider guests, family changes over time, and how you’ll entertain — all will influence how your layout works now and in the future.

4. Create spaces that delight

Memorable homes often have a feature that sparks joy each time you use it.

“You might want an inner sanctuary – such as an atrium courtyard visible from the shower, with a beautiful olive tree. The sky’s the limit,” says Ryan.

These personal touches can transform a house from a simple structure into a treasured haven that reflects your personality.

Smart interior design and personalised aesthetics can turn a house into a home that you love.

Living the marina lifestyle

Residents at The Waterfront, Shell Cove are just steps from the new Shellharbour Marina – a 270-berth hub surrounded by retail shops, harbourside restaurants, cafés, parks andgreen open spaces.

“What’s here now is the result of vision, planning and landmark buildings that have raised the standard of real estate in the region,” Palmer says.

Nearby, residents can enjoy recreation at the Links Golf Course, Killalea Regional Park, kids’ beach, playgrounds, walking trails and cycleways – all within easy reach.

The Crowne Plaza Shell Cove Marina hotel is also set to open in early 2026, meaning The Waterfront, Shell Cove residents will have access to even more world-class dining options, as well as convenient accommodation nearby for visiting friends and family.

For Ryan, Shell Cove’s appeal is so strong that she bought her own block and is building her Aqua design home there.

“You can go to the marina for fish and chips, still be fishing at 9pm in summer and feel safe, with the tavern music in the background. You really get into the lifestyle,” she says.

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Experience true waterside living

With The Waterfront, Shell Cove now selling, interested buyers are encouraged to make an enquiry.

Enquire now

The post Darren Palmer’s top tips for creating your dream coastal home in Shell Cove appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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$18.5m penthouse launched to market on the Gold Coast

The view from the penthouse at No 21 Broadbeach

An $18.5 million penthouse with a private rooftop terrace and pool has been unveiled, crowning the 21-level beachfront development No. 21 Broadbeach Blvd.

The development, which consists of 16 residences across 21 levels, is being developed by QNY and Glenvill Developments.

The exclusive penthouse spans three levels capturing uninterrupted coastline and hinterland panoramic views.

A private rooftop retreat with a pool, gardens, a built-in BBQ and an alfresco entertaining are key features of the luxurious abode, which was designed by award-winning architects CARR and BDA.

What the pool will look like

“This penthouse is an architectural statement – a flawless blend of design innovation and an extraordinary beachfront lifestyle,” Glenvill Developments CEO Len Warson said.

“It’s a once-in-a-generation opportunity for the right buyer.

“Natural materials, sculptural forms, and meticulous detailing create a home that is as much a work of art as it is a residence.

“From the spiral staircase to the floor to ceiling glazing that frames uninterrupted panoramic views from sunrise to sunset, every element has been designed for experiential luxury.”

With two principal levels plus the rooftop terrace the penthouse maximises space, light and experience, with a dramatic double-height void over the dining area framed by full-height glazing.

The bathroom

It includes four bedrooms with ensuites, a study, and a versatile multi-purpose room.

The ocean-front master suite spans the full width of the residence and includes a private balcony, dual walk-in robes, a study nook, and an opulent ensuite finished in natural stone, full-height travertine slabs, dual showers, dual vanities, and a freestanding bath.

TOTAL Property Group managing director Adrian Parsons said its coveted beachfront Broadbeach location and timeless design made the penthouse “a defining statement in coastal living”.

“No. 21 Broadbeach Blvd occupies an irreplaceable site and as close as you can get to the beachfront in Broadbeach,” Mr Parsons said.

“This residence represents the pinnacle of beachfront living – the scale, privacy, and amenity are unlike anything else in Broadbeach.

“It’s not just about design; it’s about creating a home that feels connected to its surroundings, where every level engages with the ocean and every detail enhances a refined way of life.”

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Walls of glass reveal the views

The kitchen and scullery features premium 2025 Gaggenau and Liebherr appliances including steam and combi ovens, induction cooktop, integrated dishwasher, full-height fridge and freezer, and a dedicated wine fridge.

Natural stone, engineered oak flooring, plush wool carpeting, brushed stainless steel, and Spanish-finish ceilings feature throughout.

All residences, including the penthouse, feature integrated ceiling speakers, smart home automation, keyless fob entry, licence-plate recognition, custom digital lift control, and a virtual concierge service.

These sophisticated systems extend to a suite of premium security features, ensuring privacy and exclusivity for all residents.

The statement kitchen

The penthouse additionally benefits from secure ground-floor parking.

No. 21 Broadbeach comprises 16 residences across 21 levels, including 14 full-floor apartments starting from $5.99 million, one double-storey skyhome, and the penthouse.

One entire level is dedicated to wellness and recreation.

“Every detail reinforces the development’s commitment to balance, wellbeing, and a seamless connection to the coast,” Mr Parsons said.

“Residents will enjoy an infinity-style ocean-view pool and spa, including a transparent-edge design that allows ocean views directly from within the pool, a wellness studio with infrared and traditional saunas, an ice bath, a fully equipped gym, and outdoor entertaining areas with BBQ and kitchen facilities.

“Landscaped gardens and sheltered daybeds provide private spaces for relaxation and social connection.”

No 21 Broadbeach penthouse

Construction at No. 21 Broadbeach Blvd is well advanced above ground and into residential levels, with completion scheduled for the last quarter of 2026.

Located on a quiet cul-de-sac at the northern end of Broadbeach Boulevard, residents enjoy beachfront access, direct connection to the Gold Coast Oceanway, patrolled beaches, and are close to Broadbeach’s dining, retail, and entertainment precincts

The post $18.5m penthouse launched to market on the Gold Coast appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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How the changing face of Southeast Queensland influences home prices and rents

Southeast Queensland (SEQ) has undergone one of the most profound demographic pivots in the country since 2019, shaping housing demand across the region.

Population flows have influenced who lives where, the types of homes we need, and the pace of price and rental growth across each local market.

Across the six years from 2018–19 to 2023–24, the 12 local government areas (LGAs) in the SEQ region grew by almost 400,000 people, adding an average of 1200 residents per week, and nearly 2000 per week in 2023-24 alone.

The mix of domestic and overseas migration has differed sharply across the region, creating two different housing market dynamics.

Domestic and overseas migration have distinct effects on the Southeast Queensland housing market

Looking at the data across the 12 LGA of the SEQ region — Brisbane, Gold Coast, Sunshine Coast, Moreton Bay, Logan, Ipswich, Redland, Noosa, Toowoomba, Somerset, Scenic Rim and Lockyer Valley — one insight stands out clearly.

Areas that attracted more domestic movers recorded stronger house price growth, while the regions that drew more overseas migrants experienced the biggest increases in median advertised rents, particularly for units.

These population flows and migratory patterns — net interstate migration (NIM) heavy versus net overseas migration (NOM) heavy — have become the defining feature of the SEQ housing landscape since 2019.

A region transformed by migration

While population growth has eased modestly from its 2022–23 peak, SEQ’s expansion remains well above pre-pandemic levels.

But the composition of that growth — who is moving — matters even more.

Domestic migration (NIM) surged in SEQ’s value corridors Logan, Ipswich, Moreton Bay and the Sunshine Coast – areas offering relative affordability, space, and lifestyle.

Source: PropTrack, ABS

Meanwhile net overseas migration (NOM) has been concentrated overwhelmingly in Brisbane and the Gold Coast LGAs, with students, skilled arrivals and young professionals settling in these global cities.

This divergence has shaped housing demand across the SEQ region.

Source: PropTrack, ABS

Domestic magnets see strong home price growth

We compared house price growth (2019–2025) with domestic migration intensity (where intensity is migrants per 1000 residents since 2018 using 2018 ERP as the base).

A modest positive correlation reveals local and interstate movers have driven the strongest detached house price growth across SEQ.

Source: PropTrack, ABS

LGAs with the strongest cumulative domestic inflows since 2018 — Ipswich, Logan, Moreton Bay and the Sunshine Coast — have also recorded some of the largest increases in median house prices.

This is because domestic migration is dominated by families and upgraders. Sydney and Melbourne have dominated interstate migration into Queensland since 2019, followed by regional NSW and regional VIC.

These domestic movers are more likely to buy than rent, seeking relative value, and many are looking for more space, larger blocks and detached homes.

Ipswich, Logan, Sunshine Coast, and Moreton Bay represent lifestyle and affordability corridors where buyers have been seeking value and larger homes. This sustained buyer demand has pushed house prices markedly higher since 2019.

Overseas arrivals fuel unit pressure

We also examined the relationship between overseas migration intensity (NOM per 1,000) and rent growth.

While domestic movers have reshaped some SEQ regions, overseas migration has reshaped others.

Areas that attracted more overseas migrants have experienced faster increases in unit rents.

Source: PropTrack, ABS

Brisbane and the Gold Coast are now SEQs NOM-dominant markets. These LGAs have seen rapid increases in unit rents.

Overseas arrivals disproportionately rent when they first settle, and tend to cluster near universities, hospitals, transit and CBD employment. In Brisbane and the Gold Coast, NOM flows surged to record levels in 2023–24 aligning with rental markets tightening to historic lows.

By contrast, NOM has almost no correlation with house rent growth, and a negative correlation with unit price growth highlighting that NOM primarily works to shape rental demand.

A two-pronged SEQ market

It’s clear different migration drivers create different housing pressures. Domestic movers have driven the surge in detached house prices, while overseas arrivals have driven the sharp rise in rents, particularly for units.

Net overseas migration in Southeast Queensland has been concentrated in the Gold Coast and Brisbane LGAs. Picture: Getty

This is not just a COVID phenomenon, it’s a shift shaping SEQ’s housing needs.

Looking ahead

As SEQ prepares for just under a decade of growth ahead of the Brisbane 2032 Olympics, understanding these forces will be critical for planning housing supply, infrastructure, and the future shape of the region’s neighbourhoods.

SEQ is evolving into a multi-centred region with diverse demand drivers. Global city dynamics in Brisbane and the Gold Coast precipitate high net overseas migration, tight rental markets, strong unit demand.

Regions with a larger domestic base will continue to need family-suitable homes, townhouses and new land supply. While NOM-heavy regions require more rental supply, build to rent, student housing, higher density approvals, and housing around education and health precincts.

Understanding these migration channels is critical, as these forces shape not just who buyers and renters are, but what types of homes they want.

The post How the changing face of Southeast Queensland influences home prices and rents appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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Townsville home sells for less than typical mortgage deposit

This property at Muntalunga Drive, Nome, sold for $80,000. Source: Realestate.com.au

A Townsville home has sold for just $80,000 – less than most people need to save for a home loan deposit and the cheapest in the region this week.

The property is aimed at older residents seeking a safe and affordable home, and though it is somewhat unconventional, it comes at a time when the Townsville median home price rose 17.23 per cent in just one year to $600,000.

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The unconventional home is a caravan with annex. Source: Realestate.com.au

The sale was on December 4, 2025. Source: Realestate.com.au

The home’s relatively low price reflects that it is a permanent caravan with an attached annex, located in a resort-style complex for over-50s buyers.

It was listed by @Realty agent Gerard Black as having a front office area attached to a solid annex, which lets in light and breezes while keeping the weather out and provides extra usable living space.

The annex joins the fully airconditioned and recently painted caravan, where the kitchen, dining, and bedroom are located.

Onsite managers maintain the resort’s facilities, which include a pool, BBQ area, and post boxes.

Buyers pay weekly site fees of $223, covering water, sewerage, and rubbish removal, while electricity is individually metered and charged weekly.

Residents do not have to pay council rates or entry and exit fees, and owners keep 100 per cent of any capital gains.

A rental appraisal suggested the home could bring in $500 –$530 a week, potentially covering most ongoing costs. The rental income is similar to two-bedroom townhouses in neighbouring Cairns.

MORE TOWNSVILLE REAL ESTATE NEWS

The rent appraisal was around $500 a week. Source: Realestate.com.au

The post Townsville home sells for less than typical mortgage deposit appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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Homebuyers still keeping up tight auction competition ahead of Christmas

Home auction weekends are still seeing strong turnout from buyers and sellers in the first week of December, with dozens crowding some of Queensland’s hottest properties before the end of 2025.

10 registered bidders showed up at the auction for 10 Burn St, Camp Hill, which was in such demand that six remained active through the furious bidding war.

Investors, developers and owner-occupiers each made about a third of the demographics seeking the home: a post-war residence on 500 sqm of land.

10 Burn St, Camp Hill – one of several properties still seeing strong turnout at auctions during the end of the year.

The rental property was valued as a ready-made house in a popular suburb, a source of passive income and a chance for new home potential on the existing land.

Place Camp Hill agent Shane Hicks the bidding was “very aggressive”, from a starting bid of $1.1 million and quickly going up by several hundred thousand dollars.

“It’s in an area of the suburb where there is a lot of redevelopment going on,” he said. “It’s a combination of post-war homes like this … and a lot of areas where these homes are being knocked down to make a five-bedroom home with a pool.”

The house sold for $1.49 million with stiff competition from investors, owner-occupiers and developers, with each of them feeling it was a perfect opportunity.

The house sold at $1.49m to a young investor considering future redevelopment, after seeing the property’s value had spiked during the last owners’ tenure.

Camp Hill was an active suburb over the weekend, with the home at 13 Brisbane Ave seeing active bidding from four out of the five registered.

“Four of those bidders had seen it at the very first open home three weeks earlier,” Mr Hicks said, “but the actual fifth bidder, who was the eventual buyer, had never seen it before.”

13 Brisbane Ave, Camp Hill, which sold for $2.4m to a buyer who hadn’t seen it until the day.

An opening bid from the fifth bidder started the auction at $2 million, with the home’s price shooting up to $2.4 million within minutes.

After negotiation, the home sold to a professional couple for $2.5 million.

“They live in an inner-city apartment, and they have a dog,” Mr Hicks said. “The dog was one of the reasons for their moving … they wanted space for their pet.”

Mr Hicks added he felt he was still seeing a very active rental market across the city, despite many people taking their Christmas breaks.

“To me a lot of people say real estate’s over for the year, and it’s not,” he said. “There’s still a lot of very active buyers out there.”

1 Timbertop St, Buderim, was Queensland’s most-viewed property going to auction on the first weekend of December.

Queensland’s most-viewed property online that went to auction over the weekend was 1 Timbertop Street, Buderim, with a crowd of more than 70 people to watch the six registered bidders fight for the Sunshine Coast home.

A bid of $1.1m started the quick auction between three active bidders, moving so fast that the whole thing was over before ten minutes had passed.

Ray White Buderim agent Brodie Rodgers said the home belonged to a downsizing couple who had owned it for 22 years, and the three-week campaign saw more than 100 people at inspections.

With 1,051 sqm of land, a sea of big owner-occupier families looked to snag the property, which sold for $1.527m.

“It just had the ingredients for everyone,” he said, pointing to the property’s 1,051 sqm of land. “All the buyers fighting out for it had a lot of vehicles.”

After bidding commenced, the home was quickly called on the market at $1.4 million. Before anyone knew it, the house had sold for $1.527m.

It went to a local blended family, who Mr Rodgers said were “just wanting to buy something on a big block with a shared space.”

“They sellers are extremely happy now,” he added. “They’ve got enough to retire … travel around Australia in their van.”

The post Homebuyers still keeping up tight auction competition ahead of Christmas appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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The park, the people, the price: Inside Ipswich’s next big thing

As buyers seek affordability, strong amenity, and a vibrant community, many are turning to Southeast Queensland’s growth corridors to find their perfect home.

This momentum is clear in Ipswich, with Ipswich City Council reporting in late November that the area’s growth rate had surged to 3.5%, with 2300 new residents moving in over the prior three months. 

The Council predicts Ipswich is on track to reach a population of 270,000 by the end of 2025. 

Key to the surge is the availability of new, affordable housing. 

With the median unit price in Brisbane up 17.7% in the year to November 2025, according to realestate.com.au data, first home buyers are seeking alternative locations to enter the market. 

One lesser-known but fast-emerging part of Ipswich attracting attention is Walloon. 

Part of Ipswich’s western growth corridor, Walloon features new communities alongside shops, schools and transport links.

One development primed to build on Walloon’s growth is Dawn, a master planned community by ID_Land.

Nick Bosco, general manager at ID_Land, says it is following in the footsteps of popular growth areas such as Ripley and Springfield.

“Dawn is located just 15 minutes west of the centre of Ipswich. It has an existing train line, and is just north of the Amberley Air Base, a major employment area,” he says. 

“It also has easy access onto nearby highways that lead into and around Ipswich, further east towards Brisbane, and west to Toowoomba.”

Walloon is an emerging, connected suburb just 15 minutes west of the Ipswich City Centre.

A new master planned opportunity 

Dawn, which has already attracted over 800 house-and-land buyers, has two precincts separated by a 28.5ha landscaped waterway.

“The eastern precinct is now complete and the focus is now on the 1000 lots in the western precinct with around 200 currently under construction. There are new lots for buyers to choose from now, and we will continue to roll out new options as construction progresses,” says Mr Bosco.

Ipswich suburbs like Ripley are now more established and starting to rise in price, with realestate.com.au data showing that Ripley’s median house price was up 9.7% in the year to the end of November 2025.

Mr Bosco says that Walloon offers buyers a chance to stay close to Ipswich while keeping within budget. 

“We’ve got a mix of products to cater for growing families, downsizers, or investors. In 2026, we’re also introducing terrace homes to our range, built with local builders and near the green spaces,” he says. 

For buyers looking for land and wanting to build their own home design, options range from blocks starting at around 294 square metres up to 600 square metres. 

Dawn is a master planned neighbourhood already attracting plenty of house-and-land buyers.

A healthy, vibrant community 

At the heart of Dawn Walloon is the brand-new Daybreak Park, with an extensive playground plus recreation and relaxation spaces.

There’s also a new health hub with a gym and a choice of allied health providers.

“The playground is for all ages and plays an important role in Dawn residents living an active healthy lifestyle,” says Mr Bosco.

The area is surrounded by childcare centres and schools, including state schools and a new private prep-to-Year 12 school, King’s Christian College, which is under construction.

Walloon is also well serviced by public transport.

“It’s walking distance to the Walloon train line which goes to Ipswich, onto Brisbane and beyond,” he says.

With parks, a health hub, and plenty of nearby schools, Dawn is perfect for families.

More growth on the way 

While Walloon is still expanding in terms of community and amenity, earlier buyers appear to have already capitalised on their investment. 

The median house price in Walloon climbed 15.3% in the year to November 2025, and is up more than 90% since November 2020, according to realestate.com.au data.

“There’s certainly been some significant growth through there, and as we continue to deliver amenity, we expect the growth to continue into the future” says Mr Bosco.

The post The park, the people, the price: Inside Ipswich’s next big thing appeared first on realestate.com.au.

December 8, 2025/0 Comments/by JKents
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Falling mortgage rates boost refinance retention to 3.5-year high

ICE Mortgage Technology said in its December 2025 Mortgage Monitor report that declining mortgage rates helped to push servicer refinance retention to 28% in the third quarter — a 3.5-year high — as more homeowners sought to lower their monthly payments.

The report, released on Monday, tracks mortgage performance data from ICE’s most recent First Look report, which analyzed delinquency and foreclosure trends through the end of October.

ICE found that overall mortgage performance was strong in October, with the national delinquency rate falling by 7 basis points (bps) to 3.34%. That’s down 11 bps from the same time last year and 53 bps below the October 2019 pre-pandemic benchmark.

Andy Walden, ICE’s head of mortgage and housing market research, said modest rate relief this fall sparked a jump in mortgage applications and added to the strong performance.

“We’re now seeing the highest concentration of rate-and-term refinances in nearly five years, almost entirely driven by borrowers holding 2023-2025 vintage loans,” he said. “Notably, the market has become more rate sensitive as hundreds of thousands of borrowers move in and out of refinance incentive with small daily rate shifts.”

Nonbank servicers retained borrowers at nearly three times the rate of banks — 35% compared to 13%. Retention was highest for Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) loans at 36%, followed by loans backed by Fannie Mae and Freddie Mac at 25%. Privately securitized loans saw the lowest retention at 6%.

Rate-and-term refinances made up 62% of all refi activity in October, the highest share in almost five years, ICE said. Nearly all (95%) rate-and-term refis in September and October involved borrowers with 2023–25 vintage loans.

These borrowers carried an average loan balance of $505,000 and a credit score of 762, and they cut their mortgage rates by an average of 0.92 percentage points, saving roughly $200 per month.

Home equity loan and home equity line of credit (HELOC) activity also increased. Second-lien home equity loan withdrawals rose to their highest level since 2007 in the third quarter, as homeowners with low-rate first mortgages looked for alternatives to tapping equity without refinancing their primary loan.

Improved affordability also played a role, helped by tighter Treasury yield spreads. The ICE report said that all 100 major U.S. metro areas have seen affordability improve year over year.

Average mortgage rates hovered around 6.25% in mid-November, putting the monthly payment on a median-priced home at roughly $2,126, or 29.7% of the median household income. ICE said that even though that’s still high by historical standards, it’s the lowest share since early 2023.

“ICE’s 2025 Borrower Insights Survey found that 78% of borrowers only shop one or two options before choosing a lender,” said Tim Bowler, president of ICE Mortgage Technology. “In a sensitive rate environment, this limited shopping behavior amplifies the importance of being first to reach motivated borrowers.”  

Foreclosure activity remains historically low but is rising, ICE found. About 79,000 loans entered foreclosure between October and November, which is 15% below 2019 levels but the highest two-month total in more than five years.

Active foreclosure inventory is up 20% from a year earlier, and October’s 7,700 foreclosure sales marked a five-year high, although it’s still 40% below pre-pandemic levels.

FHA and VA loans are driving the increase, accounting for 85% of new starts and nearly all growth in active cases and sales. FHA foreclosures are up about 30,000 from last year, while VA foreclosures have risen by roughly 12,000.

December 8, 2025/0 Comments/by JKents
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