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Hints of art deco design complement this twostorey home at glasgow st ashgrove

12 Glasgow St, Ashgrove

HINTS of Art Deco design complement this attractive two-storey residence on a 1092sq m block, calling to mind a luxury house in Los Angeles or Miami but positioned in a sought-after part of Brisbane.

The entrance is on the upper level, adjacent to a study and the main stairs. A hallway then leads to the garage on one side of the level, and the main bedroom on the other.

There are a total of four bedrooms on this level, one of which is opposite the entrance and features a private balcony. Another is adjacent to the main bedroom and the fourth bedroom is nearby. Opposite the study is a bathroom with bathtub and there is another bathroom between bedrooms three and four on the level.

The main bedroom is complemented by a large walk-in wardrobe and spacious ensuite with freestanding tub.

Sliding doors open from this bedroom to a wraparound balcony with a spacious corner section.

On the lower level, the stairs arrive at a foyer that opens to a tiled formal living area with feature pendant lighting and including a bar. The area flows through to the family and living space, which is adjacent to the kitchen.

Black benchtops and white cabinetry feature here, with white appliances and a cooktop equipping the area. The kitchen also enjoys views out to the pool.

From the living area, sliding doors open to the patio, which adjoins the pool with a tropical plant feature.

A bathroom is next to the kitchen, while the foyer also has access to a store room. The cellar is nearby, with the propertys laundry opposite and opening to the patio.

Next to the laundry is a gym, with an accompanying sauna. A garden shed can also be reached from the patio.

Listing agent Angela Mastrapostolos said the property promoted a finer way of life, where inspiration and glamour was present everywhere throughout the home.

Privately positioned in one of Ashgroves most serene and secluded streets only 7km from the Brisbane CBD, this inviting and inspiring home will surely delight any discerning buyer, she said. RW

Auction: On site, November 12, 10am

The resources sector slowdown has hit mining town property markets hard how low did they go

THE resources sector slowdown hit mining town property markets pretty hard with prices dropping by as much as 78 per cent in some regions.

But with iron ore prices starting to lift again, will it be enough to turn around the fortunes of the property market in the mining regions?

CoreLogic research analyst Cameron Kusher has looked at the performance of the housing markets in Australias major mining towns.

He said there was a likelihood that at some point in the future commodity prices would boom again but he didnt think it would affect property prices in the immediate future.

Whether a future boom (in resources demand) leads to the type of investment in expansion in operations leading to a surge in demand for workers is possibly not as clear. If it were to happen any time in the near-term it is unlikely we would see property prices boom like they did recently.’

Mr Kusher said the property boom had not been a result of commodity prices rising but the investment in mining construction and expansion which required more workers at the same time as there was insufficient housing supply.

Whether a similar expansion in the future requires as many workers as the last one did remains to be seen especially giving technological advances which may mean more of these jobs can be automated.’

RELATED: Iron ore prices hovers at six year high

He said the smaller mining towns experienced a bigger drop in prices than some of the bigger centres, although drops since the peak of the market had been substantial’ in all the regions.

The good news according to Mr Kusher is that in some regions sales numbers were starting to slowly lift, but not enough to lift prices.

(It) could potentially be due to larger numbers of distressed sales moving through these markets, but may also be attributable to a cautious return of buyers seeking out a bargain,’ he said.

How the major mining regions fared

Port Hedland (WA)

Median prices peaked at $925,000 in June 2013 and were now 58 per cent below that peak at $390,000.

In what may be a positive sign for the market, annual sales are once again trending higher, although the median prices trend is yet to bottom out,’ Mr Kusher said.

Isaac (QLD)

Median house prices hit a high of $620,000 in November 2012 and took a big 78 per cent drive to $138,390.

Mr Kusher said although transaction numbers had again started to life, median price growth remained negative.

Karratha (WA)

Median house prices hit $815,000 in October 2010 and dropped by 55 per cent to $362,980.

Mr Kusher said prices were still falling but at a more moderate pace’.

Gladstone (QLD)

Median house prices reached $475,000 in September 2012 and have dropped to $350,000. sales numbers halved.

The prospects arent too positive for Gladstone at the moment with transaction numbers still dropping according to Mr Kusher and no sign of an improvement in buyer demand just yet.

Kalgoorlie-Boulder (WA)

By June 2015 median house prices peaked at $351,250 and dropped 11 per cent to $312,000.

Mackay (QLD)
The highest median house price reached was $435,000 in June 2013 dropping to $345,000.

Roxby Downs (SA)

Median house prices hit $500,016 in November 2013 and had now halved to $250,000.