Which is the best price for 3 BR unit in Epping?

A riverfront home has sold in Brisbane for what is believed to be the Queensland capital’s highest price since COVID-19 restrictions were eased. The six-bedroom home at 80 Cubberla Street in Fig Tree Pocket sits on a massive 1.09 hectare (10,900sq m) block and has more than 60m of river frontage. The property was marketed at more than $3 million by Josephine Johnston-Rowell of Johnston Dixon. The agency’s chief executive John Johnston yesterday confirmed the sale. “The property was aimed in the $3 millions and that’s where it sold,” Mr Johnston said. The price is believed to be the highest fetched by a Brisbane property since the pandemic restrictions were eased. Get more info at: x Eased COVID-19 restrictions spark huge Brisbane sa... A riverfront home has sold in Brisbane for what is believed to be the Queensland capital’s highest price since COVID-19 restrictions were eased. www.realestate.com.au

A riverfront home has sold in Brisbane for what is believed to be the Queensland capital’s highest price since COVID-19 restrictions were eased. The six-bedroom home at 80 Cubberla Street in Fig Tree Pocket sits on a massive 1.09 hectare (10,900sq m) block and has more than 60m of river frontage. “The property was aimed in the $3 millions and that’s where it sold,” Mr Johnston said. The price is believed to be the highest fetched by a Brisbane property since the pandemic restrictions were eased. “We’ve had multiple people try to buy it before auction and post. This buyer hung in there, went cool when the virus first hit but now that the sky seems to be clearing very quickly, they reaffirmed their genuine interest in what is a landmark riverfront property.” Source: x Eased COVID-19 restrictions spark huge Brisbane sa... A riverfront home has sold in Brisbane for what is believed to be the Queensland capital’s highest price since COVID-19 restrictions were eased. www.realestate.com.au

As Gary Brinkworth, the boss of the Herron Todd White valuation firm recently noted, some observers are expecting a subtle slowdown, while others predict a catastrophic collapse. He added it can be difficult to keep up as markets adapt to the challenges around COVID-19. “Some locations have seen monumental disturbance to their usual state of affairs, while others have barely registered a ripple,” he said. “COVID-19 has amplified the diversity of Australia’s resident property markets by location, price point and property type.” Well informed valuers, like well informed estate agents, have the best insights on price direction. The slowdown in volumes of transactions in inner Sydney and the eastern suburbs made it difficult to ascertain any emerging pattern but HTW advised that in previous downturns the inner city market segment was most vulnerable to volatility in the upsizer price bracket, typically from $2 million to $3 million. Get more details at: x Coronavirus impact on property market uncertain, a... The impact of the coronavirus on the property market is a contentious topic, with some observers expecting a subtle slowdown, while others predict a catastrophic collapse. www.realestate.com.au

The Commonwealth Bank has revealed the different property scenarios it is considering as part of an economic downturn. Its base case has worsened slightly, expecting 11% falls if a speedy recovery commences in 2021. While assuming a downturn would shave 11% off house prices nationally, the Commonwealth Bank has projected a prolonged downturn would threaten to smash property values by nearly a third, at 32%. In its update, the Commonwealth Bank revealed its provisioned $1.5 billion to cover the rise in bad debts it expects to take on as part of the economic downturn. While startling, the figures aren’t beyond the realm of possibility, as vacancy rates surge. The National Cabinet may have begun winding back government restrictions with a view to return to business as usual by July, but the timeline of its three-stage plan hinges on no new major outbreaks of COVID-19. Source: x The Commonwealth Bank expects house prices to fall... It’s possible Australia could have a real property price crash on its hands, the country’s largest retail bank has warned. www.businessinsider.com.au

Slowly and gradually as the restrictions on travel are being relieved by the govt, some areas are expected to experience greater demand for accommodation than others. There are suburbs where residential demand has been largely dependent on short-stay business and holiday rentals, international students, tourists and workers in the hospitality industries. Rental demand has collapsed in these locations as demonstrated by these examples: In fact, the areas worst hit by the collapse in short term business and holiday rentals, tourism and overseas migration will be the first to bounce back as the current restrictions are lifted. In addition to inner-urban precincts such as the Sydney, Melbourne and Brisbane CBDs and their surrounding high-density suburbs, growth will return to popular holiday destinations such as those shown in this table: Get details on given link: x Which property locations are most at risk in the s... In these unprecedented times, if there is one certainty that we can hold on to, it is that growth will return to our property markets. As the restrictions... propertyupdate.com.au

Biggest money making suburbs in the last 10 years Between 2009 and 2019, there have been 10 hot spring selling seasons, a rotation of seven prime ministers, and who can Melbourne being dubbed as the most liveable city for seven years in a row by The Economist’s Global Liveability Index? Has your suburb made you money over the last 10 years? Here you can see how much your suburb has grown in price over the last decade… Read this video:x Biggest money making suburbs in the last 10 years As we near the end of 2019 and enter a new decade, realestate.com.au data reveals the top price growth suburbs across the country. www.realestate.com.au