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



Meet the travel nurses who are living the dream

Travelling nurses Rachel Sullivan and Samuel Martin.

The couple started a blok to record their experiences.

Injuries after two-car crash in Torquay

Police carPhoto: Alistair Brightman / Fraser Coast Chronicle

Two drivers were injured in the crash.

UPDATE: Power has been restored to thousands of homes

There is a power outage across the Fraser Coast.

More than 10,000 people were left without power.

Local Partners

Zumba for kids to start this month in Hervey Bay

Mother-of-three and dance instructor Peta Whitney knows the cost of raising a family and wants to help Hervey Bay families keep active on a budget.


Working class? Man, Gympie's got the show for you

Jimmy Barnes

Aussie rock icons coming to Gympie for 150th celebrations.

Tables turn as rescue crew takes on gruelling mountain

EPIC CHALLENGE: Hundreds of runners will tackle the 4.2km run from the heart of Pomona to the top of Mt Cooroora and back on Sunday.

They are usually the people coming to the rescue of adventurers

Artists to hit the stage for Childers Festival

LIVE LINE-UP: Mzaza will hit the stage at the Childers Festival next weekend, along with many other cultural performers.

Array of cultural performances on show next weekend

Home Alone actor John Heard dies aged 72

ACTOR John Heard has died according to reports.

What's on the small screen this week

Matty J and Osher Gunsberg in a scene from The Bachelor.

WINNERS will be crowned on MasterChef and Australian Ninja Warrior.

Beauty blogger’s horribly racist product review

Popular beauty blogger run off the internet for racist comment

Outrage as Ninja Warrior cuts Australia's fittest man

Adelaide’s James Newbury was mysteriously cut from the Ninja Warrior broadcast.

Australia's fittest man wasn’t good enough for Ninja Warrior.

Maggie's whirlwind trip around Japan

Maggie Beer pictured in a scene from her TV special Maggie in Japan.

Cooking icon serves up the best of Japanese cuisine in new TV show.

Exploring our complex relationship with the Southern Cross

Warwick Thornton in a scene from his documentary film We Don't Need A Map.

Filmmaker Warwick Thornton explores national identity, nationalism.

Ben will be cooking with Oma

Masterchef 2017 contestant Ben Ungermann.

MASTERCHEF'S last man standing will draw on his Dutch heritage.

Mum buys $900,000 apartment for her 8-year-old son

Tania Katsanis beat another couple of homeowners to secure the winning bid.

The apartment was a 'bargain' as the property market bottoms out

Townhouses planned for Nicklin Way site

CBRE's Brendan Robins and Rem Rafter on site at Wurtulla.

Prime 1.5ha Sunshine Coast property set for town homes development

Owner tells of ghostly goings on at old Mackay pub

GHOST STORIES: Several people have died at the Mirani Hotel

Owner says pub is 'definitely haunted'