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Fire pits have become a new selling point for homes entertaining areas and backyards, from in ground to free standing they are a new must have for renovations and new homes.
The international trend was picked up in Channel Seven’s recent series of <a target="_blank" href="https://au.tv.yahoo.com/house-rules/houses/">House Rules which incorporated fire pits into three of the six home renovations</a>.
Stylish and practical, fire pits can be elaborate or functional and built using different types of materials from timber to wrought iron, bricks, sand stone, slate and rock.
The designs are endless and can be built to suite all types of homes from big modern houses to small country cottages or terrace homes, the limitless shapes and designs can work in any type of back yard and don’t have to feature as the focal point.
Fire pits can come in small portable styles that can be moved around an entertaining area, in these cases more than one can be used.
<img alt="poll-results-sept-3" height="122" width="470" src="/images/stories/2013/09/03/poll-results-sept-3.jpg">
 
Property Observer has noticed more and more fire pits advertised in real estate agents spiels. Here are some examples.
A three bedroom, two bathroom weatherboard home in Sydney’s north recently sold with Matt Brady of Belle Property for $1,055,100 it featured an alfresco deck, with an in ground fire pit and encompassing seating amongst its leafy green garden at <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-seaforth-109398741">9 Prince Edward Road Seaforth</a> (pictured below).
<img height="353" width="470" src="/images/stories/2013/08/seaford_aug_29_one.jpg" alt="seaford_aug_29_one">
This glamorous harbour side home with views of the Sydney Harbour bridge and Opera House at <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-mcmahons+point-112741739">37 East Crescent Street McMahons Point,</a> recently sold with Tim Foote at Belle Property for $$$. It also includes a bowl fire pit in a large entertaining courtyard (pictured below) with surrounding timber panel seating and stools. 
<img height="353" width="470" src="/images/stories/2013/08/mcmahon_point_aug_29.jpg" alt="mcmahon_point_aug_29">
Another home currently on the market featuring a free standing fire pits is <a target="_blank" href="https://www.realestate.com.au/property-house-sa-port+lincoln-112155563">20 Power Terrace Port Lincoln SA </a>  (pictured below).
<img height="353" width="470" src="/images/stories/2013/08/lincoln_aug_29.jpg" alt="lincoln_aug_29">
Those with in ground often use a sandy coloured gravel ground or grass and decorate with pebbles or rocks around the fire pit inlcuding the recenrly sold <a target="_blank" href="https://swanhill.ljhooker.com.au/6YKFCF">3 Emma Court, Swan Hill VIC</a> and <a target="_blank" href="https://www.realestate.com.au/property-house-qld-ningi-112645995">33 Cavanagh Place Ningi</a> (pictured below).
<img height="353" width="470" src="/images/stories/2013/08/nighi_aug_29.jpg" alt="nighi_aug_29">
They tend to landscape around the area to compliment the fire pit, with stone or brick retaining walls and timber panelling. The 2011 Block contestants <a target="_blank" href="/property-observer">Shannon and Aaron from Perth have done up a home in Palmyra </a>Western Australia which recently sold for $670,000 through Wendy Maben of RE/MAX. The <a target="_blank" href="https://www.realestate.com.au/property-house-wa-palmyra-113470003">101 Adrian Street Palmyra</a> property is a good examples of using the lanscape to compliment the fire pit (pictured below). 
<img height="353" width="470" src="/images/stories/2013/08/palmyra_aug_29.jpg" alt="palmyra_aug_29">
Other examples can be found here:
508 Wendouree Parade, Ballarat VIC: <a href="https://shop.domain.com.au/Property/For-Sale/House/VIC/Ballarat/?adid=2009576159">https://shop.domain.com.au/Property/For-Sale/House/VIC/Ballarat/?adid=2009576159</a>
62 South Beach Road Somers VIC: <a href="https://www.realestate.com.au/property-house-vic-somers-114150103">https://www.realestate.com.au/property-house-vic-somers-114150103</a>
31 Peppermint Grove Engadine NSW : <a href="https://www.realestate.com.au/property-house-nsw-engadine-113332551">https://www.realestate.com.au/property-house-nsw-engadine-113332551</a>
40 Geographe Bay Road Dunsborough WA: <a href="https://www.realestate.com.au/property-house-wa-dunsborough-113144047">https://www.realestate.com.au/property-house-wa-dunsborough-113144047</a>
23 Newell Place Dawesville WA: <a href="https://www.realestate.com.au/property-house-wa-dawesville-111622399">https://www.realestate.com.au/property-house-wa-dawesville-111622399</a>
66 Dinsdale Road Gidgegannup WA: <a href="https://www.realestate.com.au/property-house-wa-gidgegannup-107930946">https://www.realestate.com.au/property-house-wa-gidgegannup-107930946</a>
Design Ideas: <a href="https://www.houzz.com/photos/firepits">https://www.houzz.com/photos/firepits</a>
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gwestgarth-UNyZGFyQQF

Will the winter firepits fad extend into spring?

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Recent US  reports show that more single women own their own home than single men, 18% of the homeowner market is made up of single women with single men taking up only 10%, reported Nina Bahadur for the Huffington Post.  
This shows that since the mid- 1990’s single women in the US have been buying homes at double the rate of single men, according to the National Association of Realtors.
It seems that single men are more likely to invest and prioritize good value to buy short sales and foreclosures, whereas single women buy a home merely because they like it and rely more heavily on emotions to evaluate the home, according to Real Estate operations at Redfin.  
54 per cent of single women look to buy a home between the ages of 25 to 34, compared with 53 per cent of single men in the same age bracket.
However the stakes change as the years pass with 21 per cent of single women and 29 per cent of single men looking to buy a home in their mid-thirties to mid-forties.
Melbourne is not far behind with recent Australian Bureau of Statistics (ABS) figures showing that overall more single women than single men own their own home.
“In a 2012 Westpac Report on Women’s Finances by Generation, we found Gen Y women to be more financially focused than previous generations. Many of them are highly educated, and waiting later to get married; and they want to experience financial independence and security now,” Larke Riemer the director of Westpac Women’s Markets recently noted.
“Almost a third of the Gen Y women we surveyed in the Westpac report had already entered the property market,” said Larke Riemer.
“65 per cent of single female householders own their own home compared with 55 per cent of single male households. SYFs have been buying for a while and they pay off their mortgages faster," she said.
Reports conclude that women win in Australia’s apartment sales as well, “Mortgage specialist Rams, reported in late 2012 that women account for 50% of the lender’s sole home applications,” said Larke Riemer.
So it’s not surprising that the majority of young owner-occupiers in Australia are also women.
“They’re better savers, which lenders say make them better able to cope with ‘mortgage stress’ – saving for the deposit, paying the mortgage effectively, etc,” said Larke Riemer.
Larke Riemer’s Westpac Womens Market also found that 35% of Gen Y women “saved 11% or more of their take home income compared to 23% of Gen X and 24 per cent of Baby Boomer women surveyed.”
 
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The majority of young owner-occupiers in Australia are women: Westpac Women's Markets

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The 2011 Block contestants Shannon and Aaron from Perth have done up a home in Palmyra Western Australia which recently sold for $670,000 through Wendy Maben of RE/MAX.
<a href="https://www.realestate.com.au/property-house-wa-palmyra-113470003" target="_blank">Their three bedroom, one bathroom brick veneer house </a>had been renovated featuring the latest craze - an in-ground flush timber panelling fire pit and entertaining area.
There's also built in speakers in the homes ceiling for surround sound in and out doors.
Shannon is a contracts engineer with a major mining company and her beau Aaron runs his own landscaping business, when they competed in the 2011 series.
They'd only just spent spent six months and $50,000 renovating their home which was built in 1987 on a 322 square metre block. The couple were eliminated early in the Richmond cottage series which was eventually won by Polly and Waz.
It was <a href="https://homes.ninemsn.com.au/theblock/couples-shannonaaron/8258925/couple-bio-shannon-and-aaron" target="_parent">sold to the celebrity couple</a><a href="https://homes.ninemsn.com.au/theblock/couples-shannonaaron/8258925/couple-bio-shannon-and-aaron" target="_blank"> </a>in 2009 for $475,000.
They initially wanted $729,000 earlier this year.  
“The list of features and benefits are endless, this property is ready for you to just pack your bags and move in. This property has been renovated to the highest standard, with not a thing left to do,” was the agents marketing spiel.
The change in the median price for homes in this area over the past five years is currently sitting at 10%.    
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Aaron and Shannon from The Block 2011 sell in Perth

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Darlinghurst could be set for a new record terrace price with the home of band manager Grant Thomas on the market.
The striking Dale Jones Evans-designed minimalist terrace is mostly concrete, sandstone and glass finishes.
The two storey Surrey Street terrace was built in 1880 and is a five-bedroom property that comes with four bathrooms and four car spaces.
The former Crowded House manager bought it in 1999 for $855,000 from Andrew Nolan and Sarah Robson.
The median house price in<a target="_blank" href="https://www.urban.com.au/property-observer"> Darlinghurst </a>sits at $1,180,000, according to RP Data ad Darlinghurst’s median house value has risen over the past five years by 42%.
Ignoring the freestanding Iona mansion, the Darlinghurst record price for a terrace has stood at $4,625,000 since 2010 for a wide <a target="_blank" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-darlinghurst-nsw-2010/110431">Darley Street corner terrace house, Chimera</a> through Ben Collier at McGrath Estate Agents.
The slender terrace has been marketed as “no idea too grand” by estate agents Darren Pearce and Shannan Whitney of Bresic Whitney who say the 420 square metres of space has been “dressed in Stucco Veneziano coatings."
There is a $3.95 million asking price for 250 Liverpool Street, a five bedroom 1860s sandstone terrace, Cambewarra. 
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Darlinghurst terrace record set to tumble on Surrey Street

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One of Brisbane’s first ever Spanish mission-style homes was listed for auction this month. And El Nido the elegant 1928 estate, with Brisbane River views, is now under offer.
At 19 Hillside Crescent Hamilton the four bedroom, three bathroom, two car garage residence features a World War two bomb shelter which is used as a wine cellar.
The home features a study and nursery, separate teenager retreat/ guest room, a large 1980’s style kitchen, in ground swimming pool, spa and sauna.
The estate is grand and full of character with polished timber floors, soaring coffered ceilings and dazzling lead light windows, the home sits on 792 square metres.
Rosemary Ahearn of Ray White Ascot was handling the <a target="_blank" href="https://raywhiteascot.com.au/qld/hamilton/987963/">listing</a>.
El Nido was up for sale in 2008, and then in 2010 at $2,790,000. Surrounded by palm trees, El Nido feels like the perfect spacious, Spanish luxury resort home.
<a target="_blank" href="data-map?utm_source=Property+Observer+List&amp;utm_campaign=bed190e75c-June_17_1_29_2013&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-bed190e75c-"><img height="127" width="470" src="/images/stories/2013/07/yieldsbanner.jpg" alt="yieldsbanner"></a>
The median house price in <a target="_blank" href="https://www.urban.com.au/property-observer">Hamilton</a> over the past five years has risen by 38%.
<a target="_self" href="residential/trophy-homes/"><img height="57" width="470" src="/images/stories/2013/05/trophyhomesstrapone.jpg" alt="trophyhomesstrapone"></a>
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Brisbane's Spanish-style mission home El Nido

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Secretly tucked away in the coastal bush setting of Port Macquarie, in a lighthouse view location, 22 Vendul Crescent is up for sale.  
The five bedroom, four bathroom, two car garage home enjoys exquisite views of the beach and lighthouse with a panorama that extends as far as <a target="_blank" href="https://www.urban.com.au/property-observer">Crowdy Head</a>.  
There is a $1,190,000 asking price for the distinctive beachside home.  
The home boasts soaring glass windows and a spacious living room that extends out to the deck.  
The Australian timbers are a feature of the architect-styled home which comes with a self contained two bedroom flat and one bedroom studio.
Rex Harrision of Patterson Real Estate Port Macquarie has <a target="_blank" href="https://www.propertyobserver.com.au/https://www.pattersonrealestate.com.au/property/details/14">the listing</a>.
<a href="data-map?utm_source=Property+Observer+List&amp;utm_campaign=bed190e75c-June_17_1_29_2013&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-bed190e75c-" target="_blank"><img alt="yieldsbanner" src="/images/stories/2013/07/yieldsbanner.jpg" width="470" height="127"></a>
The 1163 square metre beach block property was bought in 1990 for $300, 000.  
The median price for homes over the past five years has risen 9%, according to RP Data.  
<a href="residential/trophy-homes/" target="_self"><img alt="trophyhomesstrapone" src="/images/stories/2013/05/trophyhomesstrapone.jpg" width="470" height="57"></a>
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Port Macquarie lighthouse view trophy listing

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Quest serviced apartment hotels has plans to build a serviced apartment hotel to accommodate for the growing demand for accommodation at Melbourne airport.
The building will be located on the corner of South Centre Road and Annandale Road, in the airport's business park precinct.
It is due for completion in October 2014.
The hotel (pictured below) will provide 97 serviced apartment rooms, for people involved in “airport or aviation related business and training activities.”    
<img alt="questjuly30one" src="/images/stories/2013/07/questjuly30one.jpg" width="470" height="235">
“Providing more accommodation choice for people who are doing business at the airport, or are undertaking aviation training in the airport precinct, will support the future growth of airport and aviation related businesses in our local region,” said Melbourne Airport chief, Chris Woodruff.
“With more than 14,000 people directly employed in airport related roles, and around 200 different businesses operating from the airport precinct, Melbourne Airport is a major centre of employment and economic activity in Melbourne’s North West,” said Quest executive Andrew Weisz.
“Development of a new domestic terminal is underway and a new runway and a new road system to significantly ease congestion on the terminal precinct are just examples of the projects we are currently planning,” Mr Woodruff said.
The Melbourne Airport achieved six percent total passenger growth for 2012/13.
“The draft master plan highlights the economic and social importance of Melbourne Airport and how its future growth will continue to drive the Victorian economy, including more than doubling spending by interstate and international visitors from $8.5 billion to $18 billion by 2033.
It forecasts an increase in the number of jobs directly related to airport operations from more than 14,000 now to 23,000; and more than doubling the airport’s contribution to gross state product from $1.47 billion to $3.2 billion over the next couple decades.
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Quest to build Tullamarine, Melbourne airport serviced apartments 

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Melbourne’s cheapest auction sale price on the weekend was in the south east suburb of Glen Huntly, according to Australian Property Monitors.
It sold for $288,000, through Tom Grieve and Lachlan Chirgwin of Ray White.  
The ground floor 1/13 Wattle Avenue apartment features one bedroom, one bathroom and car port and sits on 45 square metres.
The block's last reported one bedroom sale was in 2009 when competition between investors and first home buyers pushed the sale price of 12/13 Wattle Avenue to $307,500.
“Modern with the opportunity to bring it into today, this ideal starter or investment is just moments to train, bus, parkland, outdoor pool and Glen Huntly and North Road shops,” pitched the agents at Ray White.
The unit caught the eye of four registered bidders. It was bought by an investor looking to renovate.
Its potential income was estimated as $270 weekly after renovation, which would reflect a yield of about 4.88%.
The cream rendered apartment is fully enclosed by fences and features access by intercom and automated double gates.
The bedroom boasts a view through the windows and glass door, into the front garden set off with a mature silver birch.
Neighbouring Caulfield and Carnegie, the median unit price in Glen Huntly sits at $422, 500, according to RP Data.
Glen Huntly’s median unit value has risen over the past five years by 17%.
Its median asking rental is $360 per week, according to RP Data, which reflects a 4.4% gross rental yield.
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Glen Huntly $288,000 sale the cheapest weekend Melbourne auction result

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Sydney’s cheapest auction sale price at weekend auction was in the south west suburb, Ambarvale, according to Australian Property Monitors.
The three bedroom, one bathroom brick veneer home sold for $275,000 through Phil Symonds of Richardson and Wrench Ingleburn. 
The single storey dwelling (pictured below) at 3 Holborn Street last sold for $280,000 in July 2004.
<img src="/images/stories/2013/07/ambarvalejuly29one.jpg" alt="ambarvalejuly29one" width="470" height="353">
“Refurbish and capitalise on this great opportunity, generous living space, separate kitchen area, rear pergola and carport, on a nice high position with good side access,” <a href="https://www.realestate.com.au/property-house-nsw-ambarvale-114251195" target="_blank">was the marketing pitch of Phil Symonds</a>.
The 1986 home sits on 611 square metres.
The median house price in Ambarvale sits at $313,975, according to RP Data.
Ambarvale's median house value has risen over the past five years by 20%.
Its median asking rental is $370 per week, according to RP Data, which reflects a 6.1% gross rental yield.
There were four registered bidders at the Holburn Street auction and it was sold to an investor looking to renovate the dwelling.
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Ambarvale records Sydney’s cheapest weekend auction sale at $275,000

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Property investors with a "lazy" $500,000 to spend can buy "a substantially better than average house in Mildura" in the Murray outback region in northern Victoria, according to Herron Todd White’s latest market report, which examines investment opportunities under half a million. 
For investors looking to spend $500,000 on an investment property in this region HTW report recommends “instead buying two cheaper properties with a total value of up to $500,000.” 
With “gross rental returns at around 6% for residential property in the $180,000 to $300,000 bracket, but drop off to around 4% for properties valued at over $400,000,” said HTW valuers. 
Houses around the $180,000 to $300,000, provide opportunities to buy either a 1980s or early 1990s three to four bedroom home, sitting on 650 to 800 square metres. 
The other option “is to buy a newer three bedroom townhouse on a low maintenance lot of around 350 square metres, both will offer similar rental returns,” said HTW. 
“While much of the recent construction in Mildura has been aimed at the rental market, rather than owner-occupiers, demand for rental accommodation remains strong, and we foresee no dramatic increase in vacancy rates in the medium term.” 
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Georgia Westgarth

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