Property

Cashed-up investors driving Ipswich's luxury housing market

SOLD: Elia Youssef bought a home on Hilton Drive Camira for $830,000.
SOLD: Elia Youssef bought a home on Hilton Drive Camira for $830,000. Contributed

A NEW wave of cashed-up interstate investors and young sassy super savers are re-creating an Ipswich suburb's previously dormant property market.

A host of high-end luxury homes up for sale in Camira have been snapped up, many with price tags of more than double the average spend.

What used to be Saturday morning open homes with piles of shoes dumped at the front door has evolved into canapes and champagne with buyers on a Friday night - a tactic that has had Camira homes sell for close to the million-dollar mark.

In one instance, investors turned up from interstate with close to $1 million in cash and settled on an expansive home on Addison Rd within one hour.

A few blocks away on Hilton Dr, businessman Elia Youssef was sold on a property's 16-car garage - and pretty soon the house was sold to him.

He paid $830,000 for the house, more the double the median figure of $385,000. It was a birthday treat for Mr Youseff, settling on his 31st birthday.

5A Hilton Drive Camira
5A Hilton Drive Camira McGrath

 

Mr Youseff said he was ready to spend up to $850,000 on the right property and the home on Hilton Dr ticked all the boxes.

"When I walked into this house, it was very well built but it had a finesse and character about it and for me that was the wow factor. I wasn't in love with other houses but when I walked into this one, I fell in love. It just fell into place, it aligned for me," he said.

"I saw that it had a 16-car garage and I have a lot of cars, motorbikes and toys and I think that is what drew me the most to it. I like what I saw.

"What I like about Camira is its quite secluded, quiet and peaceful. Working in the hustle and bustle of the city, you want to come home to a bit of serenity. To hear the birds chirping, that's really special.

"I had no idea even where Camira was until about a week before I bought this house. I found it by accident."

The luxury four-bed, three-bath home is Mr Youssef's second property - he bought a home at Browns Plains when he was 25.

 

He said the splurge on a luxury home didn't come easily but it was achievable.

"I'm no-one special. I'm just a clever saver. I don't drink, smoke or party. I work hard and save my money," he said.

"I don't really go out. I just save all the money I could be spending.

"It's about what you're willing to sacrifice to get there. I sacrificed a lot of parties and nights out with friends to save every single penny and cent for a deposit. I didn't want to be paying someone else's mortgage. It's about how bad you want it."

McGrath sales agent Clare May said Mr Youseff's property was a sample of the changing Camira market.

She said the rapid sale in Addison Rd showed investors were ready to spend.

"It was a cash sale for $818,000. The sold sticker was placed on the board within an hour. It's pretty unheard of," she said.

"It's a suburb that has been underestimated."

Mr May said the more high-end homes that sold in Camira, the higher the median price would be.

"We are determined to increase the value of Camira by selling the properties the right way. We've been able to do that for the last three properties and we will continue to do that.

"By us believing in the value of Camira, people have purchased properties at the value and that will eventually push the median price up. That's going to benefit not just one or two residents of Camira but the whole of Camira. I do believe Camira will steadily increase."

Topics:  camira ipswich property real estate



Aussie titles on home turf

HOME BOY: Matt Hurworth of   Cabarita Boardriders will compete in this weekend's Australian Surf Festival on his home break.

Top surfing showdown at Cabarita

Fan's dream becomes reality with secret Potty gig

RIGHT TO THE FRONT DOOR: Singer/songwriter Mark Wilkinson will play a gig at a Pottsville fan's home in August.

Singer-songwriter Mark Wilkinson to play secret Pottsville gig

NCEIA Dolphin Awards looking for the best of 2017

NEVER TOO LATE: Ivan Perger, 66, received his first NCEIA Dolphin Award in the folk category in 2014.

Entries to the North Coast music awards are now open

Local Partners

The Block's family home rescue mission

RENO show's new concept – relocating and restoring crumbling heritage homes – proves its biggest challenge to date.

Angelina Jolie 4.0: Is anyone buying this?

Angelina Jolie, master media manipulator, is back.

Love The Bachelor and a feminist? Sorry, you can't be both

These 22 women trying to win Matty's heart... but at what cost? (Pic: Channel 10)

Tans will be sprayed. Roses will be distributed. Tears will be shed.

New indie folk fest launching social awareness

The Heart Collectors, Reuben Loire, Kymrie Henge, Mobius Barnaby and Tristan DaFoe

New folk music and wellness festival for Tyalgum

George RR Martin: Sixth book won't be out this year

Emilia Clarke returns as Daenerys Targaryen in the seventh season of Game of Thrones, which premieres only on Foxtel on July 17.

“I am still working on it, I am still months away..."

Mum spotted on Google Earth 18 months after death

A woman has spotted her mother on Google Earth - she died in 2015

What's on the big screen this week

A scene from the movie War for the Planet of the Apes.

AN ACTION franchise comes to its epic conclusion.

Hearty food for cold nights

Boneless lamb shoulder roast with crushed kipflers.

RECIPES: Two tasty lamb dishes to try this winter

How one man made more than $20m in a land deal

Varsity Lakes

Sale, with GST added, shows as a $26.4 million transaction

Oasis in Oxley Cove estate

14 Midship Court, Banora Point

Check out this week's feature property.

Tenant: Let me rent, I'll fix your property and pay for it

Noosaville tenant Tony Conyers thought his tenancy was guaranteed until 2035, so he spent his own money on the property. Now he's been told he may not be able to stay for even one more year.

Renter spent $30k on maintaining, improving property over 17 years