Your Property News February 2024

Our focus over the last few years has been on lifestyle.

Lifestyle relating to where we live, where we spend our leisure time, how we spend our time, technology we use, where and what we eat, where we invest etc. The list goes on. According to Bernard Salt, Demographer, “nowhere is the rising wealth better evidenced than in the family home”.

In the 1950’s, the typical home was a single level comprising 3 bedrooms, 1 bathroom and 1 car accommodation with a backyard and a Hills Hoist. By the 1990’s, our homes had grown to reflect 4 bedrooms, 2 bathrooms, 2 cars with an outdoor entertaining area and potentially a below ground pool. Today, the more rooms we have for our multiple activities, the greater the homes desirability.

Today, we require at least five bedrooms – all with built in robes and their own ensuite, one if not two home offices for the “working from home” student and/or parent, a multifunctional room for Zoom meetings, a gym, a wine cellar, multiple entertaining spaces with an indoor and outdoor kitchen and preferably a basement carpark for at least 4 cars. The home sauna come wellness room, is also starting to make the “desirable” list. A magnesium pool and/or a fire pit take precedence over lawn and a garden.

This trend is reflected in our 2023 top 10 home sales in the area. Those homes that had as many of the above features coupled with a recent renovation/build achieved the highest price. The top sale in our area ticked multiple boxes – over 1,500 sqm of land, tennis court, pool, multiple car garaging, wine cellar, multiple bedrooms each with their own ensuite, multiple entertaining spaces and a seamless flow between outdoor and indoor entertaining. The next highest home sale features included views to the city and river, new build, multiple car accommodation, multiple levels, and so on.

We have also focussed on lifestyle destinations as an investment opportunity. The rise in the demand for property on the Gold and Sunshine Coast reflects this trend. North Stradbroke and Moreton Island have also benefited with several houses achieving over $2,000,000 with multiple buyers per sale in the last 12 months. An 85-minute boat trip to Moreton Island makes the destination very appealing. An uninterrupted view of the Bay with the predominant noise of the ocean lapping the shoreline adds to Moreton’s lifestyle appeal. If you are seeking a lifestyle change or investment, look no further than 131 North Pass, Tanglalooma.

We have just released Our Property Market 2023 report. If you’d like to receive a copy – please email or call and we will forward to you our analysis of our local market as compared to last year and 5 years ago.

At Butler+Co, we don’t just continue to perform, we outperform. Use our experience and expertise in the local market to guide you out of your current home and into your new home. Our “quietly” on the market list is growing. If you are looking for your next home or an investment property, reach out if you’d like additional details.

Butler+Co is here to assist you with all your real estate needs.

Amanda Butler – Principal – 0438 767 439 – [email protected]

In our Clients words

We purchased our house from Amanda last year. She was a pleasure to deal with and I can thoroughly recommend her if you’re buying/selling in the Hamilton/Ascot/Clayfield/Hendra area. She was easy to deal with and communicated very openly which ultimately led to a great result. Highly recommend!

Will, Ascot