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Tarragindi Among Brisbane’s Best Performers for House Rentals Growth

As oversupply is slowly being absorbed by growing demand, Tarragindi emerged as among Brisbane’s best performing suburbs in 2018 in terms of house rental increase — the latest Domain Rental Report says.

Tarragindi recorded a 10 percent year-on-year and quarter-on-quarter house rental price growth for a median weekly rent price of $495, according to the Domain Rental Report for December quarter 2018. Demand for dwelling in Tarragindi appears to be very high indeed as the suburb recorded 1,046 visits per property compared to QLD’s average of 381, the realestate.com.au suburb profile report says. The suburb profile report also indicates the median rental price for houses in Tarragindi, from 1 Feb 2018 to 11 Feb 2019, at $498 whilst the state average stands at $400.

Tarragindi joins top-ranked Manly in the list of best performing suburbs for house rentals with 14.50 percent change for both year-on-year and quarter-on-quarter. Rounding out the list are Ascot, South Brisbane, Nudgee, Fairfield, Petrie Terrace, Dakabin, Banyo, and East Brisbane.

On the other hand, the top performing suburbs for units rental list shows Holland Park taking the top spot with a 12.10 percent increase year-on-year. Completing the list are Clontarf, Bardon, South Brisbane, Balmoral, Herston, Bulimba, Alderley, Coorparoo, Fairfield, and Mount Gravatt. Overall, the median asking rent for units rose to 5.4 percent over the past year.

The rental price increases may well be an indication of an overall turnaround happening across Brisbane rental market, from the previous supply glut that affected dwelling demand in 2017. Also, according to property valuation firm SQM Research, Brisbane’s rental vacancy rates continue to fall with to 2.7 percent in January 2019 as compared to 3 percent in June 2018 and 3.5 percent in May 2017.

Salisbury: From Industrial Estate to Revitalised Suburb

Located just 10 km from the CBD, Salisbury nowadays is proving to be more than just the industrial estate that it used to be. Trendy, newly opened cafes, studios, and community events such as street parties, are giving the neighbourhood a hip and creative vibe, attracting more people into the area.

With easy access to transport facilities such as the railway station, and the substantial number of open spaces, local shops, and well-established schools, Salisbury has become a worthwhile option for those looking for affordable, yet strategic, housing.

A Glimpse of Salisbury’s History

Salisbury Munition Factory — Rocklea Ammunition Factory Photo credit: ozatwar.com

Brisbane, specifically Salisbury, played an important role during the Second World War.

Given Salisbury’s expansive, rural and remote location, a large munition factory, named Rocklea Ammunition, was built along the area of Compo Road, currently named Evans Road, during the 1940s. Large-engine test cells were also placed within the vicinity of Compo Road.

Evidence of munition works in Salisbury can be seen at present time in the suburb’s street names, such as Assembly, Bearing, and Lathe Streets.

By 1943-1944, the Rocklea Ammunition factory had been terminated and its buildings were soon taken over by different groups, converting the entire estate into a base workshop, tank workshop, and an engine refurbish site.

From 1955-1959, series of road structures and extensions were made in order to connect Orange Grove Road, Lillian Avenue, and Evans Road all together. Salisbury was then linked to Tarragindi by September of 1959 via Toohey Road.

In these post-war years, Salisbury’s short distance from Brisbane safeguarded its urban settlement. What was once an industrial wilderness soon became a residential development site given its speedy growth from 1960s onwards.

Year	Population
1911	84
1921	564
1976	6537

Source: queenslandplaces.com.au

Present Day Salisbury

A large number of families have been recently seeking to make Salisbury their new home.

Salisbury Demand Market — Photo credit: realestate.com.au

Read: Tarragindi Median House Price Rises to $777,000 Amidst Strong Demand

With more people dwelling into the neighbourhood, a few residents have opened up their own small enterprises in the area for a more sustainable living.

Different small businesses are now well-established in Salisbury, including coffee shops, brewery, organic restaurants and diners, art galleries, dance and yoga studios, and bookstores.

These businesses in town have further led the owners to assert themselves into fostering a sense of community amongst the people of Salisbury.

Salisbury Chrome Street Fiesta — Different kiosks geared up for Salisbury’s annual Chrome Street Fiesta.
Photo credit: Reload Espresso Bar/ Facebook

Gentrification has brought a newer, and more current “vibe” to the neighbourhood, further driving its growth. In what can be perceived as an attempt by residents to strike a balance between work and family living, today’s Salisbury has evolved to include trendier places where people can grow, enjoy, and feel a sense of belongingness.

Salisbury Compo Road — Aerial view of former Rocklea Ammunition Factory in Compo Road (Evans Road) in 1946
Photo credit: ozatwar.com

Salisbury Evans Road — Present day satellite view of Evans Road, showcasing Salisbury as a growing and revitalised suburb. Photo credit: Google Maps / google.com/maps

Get Into the K-Beauty Trend with Tarragindi’s Style Story

K-beauty is slowly invading Australia. To make sure you’re in on this beauty trend, Style Story in Tarragindi has been offering a range of K-beauty products for you to try.

Style Story is the brainchild of founder, Lauren Lee. What started as a personal journey for discovering the best skincare has turned into a much-loved business.

Ms Lee discovered Korean Beauty products when she was an exchange student at a university in Seoul in 2011. After she struggled in finding the best skincare products herself, Ms Lee was able to learn and discover K-beauty products that kickstarted her skincare journey.

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A post shared by STYLE STORY (@style_story_au) on Nov 2, 2018 at 2:11am PDT

Falling in love with various K-beauty products, she began gifting her finds to her friends and family in Australia. With the positive responses she got from them, she continued to research new products and further learned the science behind the skincare and the ingredients.

Style Story

It was in 2014 when Ms Lee decided to open Style Story, Australia’s Korean Beauty Store specialising in innovative K-beauty products. The store easily became a household name when K-beauty products began to invade the beauty industry.

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A post shared by STYLE STORY (@style_story_au) on Sep 28, 2018 at 4:01pm PDT

Now, Style Story offers a wide range of Korean beauty products such as skincare, makeup, and trending masks. Moreover, the store also provides their customers with the steps in Korean beauty routines as well as beauty and skin care tips.

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A post shared by STYLE STORY (@style_story_au) on Sep 27, 2018 at 9:00pm PDT

To Lauren Lee, “the Korean Beauty routine is so much more than a set of steps to be followed or the search for perfect skin. Instead, it’s about caring for the skin you’re in and learning how to love it – even though it may not be loving you back.”

For further information, you may check out the official website of Style Story.

Tarragindi: Among Top Suburbs for House Price Growth in Brisbane

Tarragindi is among the top suburbs for house price growth in Brisbane, as the capital city continues to defy the current downward trend affecting the nation’s housing market with a new all-time high median-price for houses over the past year.

The Gold Coast and the Sunshine Coast SD recorded growth of 3.8 percent and 6.3 percent, respectively, according to the September quarter of the REIQ Queensland Market Monitor report. Brisbane, on the other hand, posted a 2.3 percent increase from last year, hitting a new median-price high of $675,000.

“Queensland’s economy is proving itself to be a good performer, against a backdrop of national gloom, with new jobs bringing population growth and demand for housing,” REIQ CEO Antonia Mercorella said.

“The southeast corner is our powerhouse, without a doubt, but additionally we’re seeing strong results in regions that have been struggling.

“The resources sector is improving and we’re seeing regions such as Mackay and areas of western Queensland firmly in recovery,” Ms Mercorella said.

Kuring Gai Ave, Tarragindi, Queensland

The sought-after price range for Brisbane LGA is $500,000 – $750,000, representing almost half of the house sales for the past 12 months. The top suburbs for house price growth in Brisbane include Bardon, Brighton, Ashgrove, Wavell Heights, Bald Hills and Bridgeman Downs, Wynnum, Tarragindi, Eight Mile Plains, Mount Gravatt East, and Manly West.

It was a different story for the units market, though, as oversupply continues to put a dent on units price. Brisbane LGA annual median unit price dropped by 2.2 per cent and 3.4 per cent over the past quarter. It, however, managed to register a 5.5 percent growth over the last five years.

Despite the drop, eight suburbs still managed to post double digit growth, with Rochedale leading with 64.80% increase from last year. West End, Gordon Park, North Gate, Yeronga, Toowong, New Market, and Red Hill rounds out the list of suburbs with double-digit growth for units.

Tarragindi: One Of Most In-Demand Suburbs in Queensland

Queensland suburbs are defying the demand downturn that is hitting some of Australia’s biggest housing markets such as Sydney and Melbourne. Tarragindi ranked among most in-demand suburbs in QLD headed by inner-north suburb of Grange, an October property report said.

For the past 12 months, Grange topped the list of the most in-demand suburbs according to the October Property Outlook from realestate.com.au. With Chandler, Burbank, Paddington, Red Hill, Camp Hill, Holland Park, Ashgrove, Tarragindi, and Wilston completing the elite list of most in-demand suburbs.

From one year ago, buyer demand for housing in Brisbane climbed by 1.4 percent. The median price for all dwellings is at $490,000, up by 1.0 percent year-on-year and 1.0 percent quarter-on-quarter. Whilst things are turning well for the Brisbane housing market, Sydney’s and Melbourne’s buyer demand numbers have gone south by as much 23 percent and 20 percent respectively.

The report attributes the QLD’s positive housing demand to better economic conditions in Queensland. The report sees positive outlook over the next 12 months as QLD’s economic performance will continue to pull the housing market up with premium Brisbane suburbs benefiting the most.

Video Still credit: realestate.com.au/realestate.com.au/news

The median price for houses in Tarragindi as of May 2018 is at $776,961 with a 15.31 per cent 3-year growth and 2.71 per cent growth from last year, according to homesales.com.au. CoreLogic, on the other hand, shows the Tarragindi median house price for the past 12 months at $773,000 for a one-year price change of 1.05 per cent. The median price for units for the past 12 months is at $482,000 with a one-year median price change of 3.55 per cent.

The following Queensland regions have shown positive demand growths: Brisbane Inner City by 8.2 per cent, East by 9.1 per cent, and North by 5.0 per cent. Whilst South and West dropped by -6.1 and -1.6 per cent respectively.

The report said, that Brisbane did well not only on buyer demand but rental demand and pricing, and offshore buyer demand as well. Offshore buyer demand, in particular, has been quite exceptional as affordability and education sector are luring overseas buyers into Brisbane.

Stage E Of The Veloway 1 Cycleway In Tarragindi & Nearby Suburbs Now Underway

The construction of Stage E of the Veloway 1 Cycleway (V1) is now underway. The $45-million Stage E is the biggest single package of works in the entire V1 project and will provide a 1.4 km path for cyclists between Birdwood Road, Holland Park West, and Gaza Road in Tarragindi.

The V1 is a cycleway that is dedicated to connect the City and Eight Mile Plains adjacent to the Pacific Motorway. The 17 km bicycle path from Eight Mile Plains to the CBD aims to make bikers’ lives easier and safer. Upgrades to the cycleway are being done in five stages, with the four stages already complete and in use.

Stage E will also deliver three dedicated bridges for cyclists:

Marshall Road
Sterculia Avenue
Bapaume Road near Gaza Road

Construction started in late August 2018 to be completed in mid-2020, weather and construction conditions permitting.

Upon completion of site preparation and earthworks, construction work will tackle drainage, retaining walls installation and the building of bicycle bridges, fences and signages.

The completed V1 stages, which are now in use, covered the following roads:

Stage A – Logan Road (exit 14) to Miles Platting Road
Stage B – Miles Platting Road to Gateway Motorway off-ramp, Eight Mile Plains
Stage C – Lewisham Street at Greenslopes to Birdwood Road at Holland Park West
Stage D – O’Keefe Street to Lewisham Street

Transport and Main Roads (TMR) Minister Mark Bailey is very excited about the construction of stage E of the project and how it will improve the safety of the bike riders.

“Safety for riders will be improved along the route by providing physical separation from motorists with bridges soaring over Marshall Road, Sterculia Avenue, and Bapaume Road at the Gaza Road off-ramp laying the foundations for future growth,” Mr Bailey said.

Tarragindi Median House Price Rises to $777,000 Amidst Strong Demand

The REIQ recently reported the latest housing market statistics which showed Tarragindi median house price at $777,000. The median represents an increase of 3.6% over the last 12 months and 41.3% over the last 5 years. In the 2nd quarter of 2018, there were 31 homes sold.

“Currently in the Tarragindi market, we are seeing a strong number of buyers for properties around the median price bracket for Tarragindi,” said Trent Thomas of McGrath Yeronga.

“These properties are usually selling within the first few weeks on the market if presented well. We are also seeing street records being achieved on a number of sales however the higher end of the market is taking a little longer to sell. This might be different post-school holidays.

“Buyer demographic and buyer origin is changing slightly with a noticeable increase in medical and allied health workers and interstate buyers moving into our suburb.”

Salisbury Artist Among 16 QLD Artists To Receive Funding From the State Government

Sixteen artists will be funded by the Palaszczuk Government to help them develop professionally and establish international partnerships. In Salisbury, talented artist Angelah Loh is the lucky recipient of the funding.

Ms Angela Loh Photo credit:https://camerata.net.au/

Minister for the Arts Leanne Enoch has recently announced this wonderful initiative by the government.

“An investment of $96,628 through Arts Queensland’s Individual Fund will have a positive impact in the arts sector and will help put our wonderful Queensland artistic talent on the world stage,” she said.

The amount of $5,007 will be given to Ms Loh to support her mid-career mentorship at the 2018 Yarrabah Band Festival. Ms Loh is part of the management of the Camerata Queensland Chamber Orchestra.

She is graduating with a Bachelor of Arts degree from Queensland University of Technology and has gone through interesting career as a Stage Manager, Technical Manager and Production Coordinator.

The government has chosen artists in various expertise such as visual arts, classical music, writing, community engagement, and contemporary music.

Retirement Facility Development In Tarragindi Still A Go

Plans for the development of the Tarragindi retirement facility seems to still be a go despite opposition from the local community. Deputy Mayor Adrian Schrinner has confirmed the approval of the project after an 18-month assessment period.

Three separate appeals were lodged at the Brisbane’s Planning and Environment court against the Brisbane City Council and RetireAustralia earlier this year. The locals were firm in their appeal that the development should not be given a green light as it shows a conflict with the City Planning.

Read: Residents Launch Appeals Against The Approved Tarragindi Bowls Club Retirement Village Development

The retirement facility will feature 94 independent living village units, a new clubhouse, and other facilities. Locals say that the development plans do not meet the requirements of the community when it comes to the height, scale, and form expectations.

However, Cr Shrinner said that residents can establish properties up to 9.5 metres according to the City Plan 2014.

Lord Mayor Graham Quirk demanded for a double consultation period for amendments on sports and recreation land. However, the Tarragindi Residents’ Association said that it is too late for this and they are hoping that one of their three appeals would still succeed to stop the development.

Residents Launch Appeals Against the Approved Tarragindi Bowls Club Retirement Village Development

Residents are appealing the approved aged care facility development at the Tarragindi Bowls Club.

Since the Council has given the green light to RetireAustralia ’s development proposal for an aged care facility at the Tarragindi Bowls Club, residents have considered taking legal actions to stop the said development.

Read: Residents Consider Legal Action To Stop Approved Aged-Care Facility Development at the Tarragindi Bowls Club

Three separate appeals have been lodged in Brisbane’s Planning and Environment Court against Brisbane City Council and RetireAustralia on 28 February and 1 March 2018 for the plans to build the controversial $80 million retirement village development at the club.

The development includes six-storey 95 retirement village units, a new clubhouse, and other community facilities.

In the appeals filed by Urban Planners Queensland ( Anthony Greer; Barry and Judith White) and Catherine and Jeffrey Hume, the appellants emphasized that the development should be refused as it is in serious conflict with the City Planning.

The appellants cited that the development is not consistent with the community’s height, scale, and form expectations.

Residents are concerned about the density and the number of storeys on the proposed development plans since the Council’s incentives relaxed the height limits on aged care facilities.

They also argued that the proposed development does not meet the physical, cultural, or social needs of the local or wider community and that it fails to protect the land, which is zoned for recreational use.

The assessment of the development plan took 18 months to be completed. Throughout the duration, 1,800 submissions against the development were made by the residents.

Despite the objections to the proposed development, the Council said that the development will be a win for the community as it will help in upgrading the recreational facilities while providing a place for the retirees.