The opening bidder held on at auction to become the new owner of 49 Central St, CalamvaleWHEN the property at 49 Central St, Calamvale hit the market, the owners were confident potential buyers would appreciate the quality of their handiwork.The home sold at auction on March 18 for $645,000, according to LJ Hooker Sunnybank Hills sales consultant Jonathan Wang.“It’s a beautiful home, the owner built it himself, and he put a lot of effort into creating a really solid house,’’ he said. “(It has) terracotta roof and hardwood timber floors on a 740sq m block.” More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Hardwood floors and great quality finishes at this Calamvale propertyMr Wang said he and co-agent Karl Gillespie were blown away by the owner’s thoughtful approach to the build.“The finishes and everything are in really good condition and (the owner) built a little room underneath the house for storage or a man cave,’’ Mr Wang said. ‘‘It was a really, really nice property.’’About 60 people attended the auction with three bidders fighting it out. Granite benchtops were among the home’s appealing featuresMr Wang said the opening bidder was the eventual winner and it was the drive to live near family that had him staying in front right through to the finish line.“There was another registered bidder that came in at around $600,000 and, in the end, the buyers who bid first, they really wanted the property. They had family living close.”Mr Wang said the market in Calamvale had continued to perform strongly this year.“There’s demand from people who want to be in the area, especially for really nice homes.’’
Brisbane first homebuyer Joel Binfield found the property settlement process very confusing at first. Picture: SuppliedA MASSIVE 80 per cent of buyers don’t understand how the property settlement process works, raising concern over the potential for delays in homes changing hands.A GlobalX survey found that four in five buyers were “stumped by the settlement process” — steps which experts said were precise but uncomplicated.The findings came after the conveyancing technology firm surveyed legal professionals to find out how much Aussies buyers understood about the settlement process.It found the results concerning: “Property buyers are suffering from a serious lack of ‘know-how’ when it comes to property settlement.”Given the obsession that Australians have with the property sector, it was interesting that buyers did not fully understand how to close out the process, said GlobalX chief executive Peter Maloney.“As a country, we see property ownership as ‘the Australian dream’, but it seems those who dream about owning a home don’t recognise the importance of properly understanding the process.”If they did, he said, they could avoid unnecessary hold-ups simply by conducting proper due-diligence and having all the required documents.“Don’t be afraid to ask your lawyer or conveyancer to explain things to you more than once and ask plenty of questions,” he said. FREE: GET THE COURIER-MAIL’S REAL ESTATE NEWS DIRECT TO INBOX Brisbane first homebuyer Joel Binfield who bought an apartment in Fortitude Valley last year, agreed the settlement process was very confusing at first.“We were buying in Fortitude Valley and I had to make sure we were prepared for all of the necessary paperwork.“It can make it even more stressful because if we were missing even one document it could have set the whole process back.”He advised those heading towards finalising their real estate purchases — first timers especially — to do a lot of research into the settlement processes.“We were lucky enough to have a great solicitor on board who answered all of our questions,” he said.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoAmong compulsory steps GlobalX recommended buyers tick off were local government searches, building and pest inspections, and pre-approved financing.As well as that, the Queensland Government advised that buyers “conduct a pre-settlement inspection no more than a few days before settlement day. If it isn’t in good condition, they can ask their lawyer to delay settlement until (the seller) fix(es) the problem.”It said settlement day could “be whatever length of time you negotiate” ranging from 30 to 60 days — though most commonly it was four to six weeks after the contract was signed.As well, it advised that the seller was responsible for paying council rates and other such fees up to and including the day of settlement, with the buyer taking over the day after.A Property Exchange Australia and PricewaterhouseCoopers report last year found that one in five residential property settlements were delayed because of human error in documentation such as a missing signature. WHAT HAPPENS ON SETTLEMENT DAY?• Buyer hands over the remaining amount of the purchase price• The title of the property is transferred• The keys and possession of the property are handed over to the buyer (Source: Qld Govt) FOLLOW SOPHIE FOSTER ON FACEBOOK
Juventus may have won their fourth consecutive Serie A title on Saturday after a 1-0 victory over Sampdoria, but the Turin club have no time to celebrate as they face defending champions Real Madrid at the Stadio delle Alpi on Tuesday. Real who are playing catch up with Barcelona at the top of the La Liga table, enter this tie as firm favourites, as Cristiano Ronaldo and Co. will bid to make their second successive appearance in the UEFA Champions League final with a win. Juve coach Massimiliano Allegri was quick to admit that his team are the underdogs, but could cause a huge upset as the Turin outfit will hope to make their first Champions League final appearance in 12 years.”It’s not every day you get to play Real Madrid, so we have to keep our heads to reach the final. If we don’t get there, it’ll be expected”, Allegri said.Juventus overcame surprise package Monaco in the quarter-final, after a 1-0 aggregate win over the French side. Arturo Vidal’s penalty in the first leg at the Juventus Stadium turned out to be the only goal of the tie, as Juventus’ resilience in defence earned them their first semi-final berth in the Champions League in 12 years. Real Madrid on the other hand had to fight really hard for their 1-0 aggregate victory over their city rivals Atletico Madrid. On loan Manchester United striker Javier Hernandez came to the rescue for Real Madrid, as his 88th minute strike for the Los Blancos secured their second successive semi-final berth. The last time Real Madrid were knocked out of the Champions League semi-final by an Italian side, was against Juventus in 2003, when Juve beat Real 4-3 on aggregate. Real won the first leg by a scoreline of 2-1.