Cricket

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Brisbane Heat wicket-keeper batsman Jimmy Peirson and wife Amy are selling their first home they bought together.

They’ve renovated the 1960s home during their three year ownership, having paid $524,000 in 2017.

Set on 560 sqm, the home has three bedrooms and one bathroom, which they’ve left the lower level gutted, described in the marketing as a blank canvas.

The home became a $500 a week rental in late 2019 when the couple traded up to Everton Park, where they spent $882,000 on a renovated four bedroom home.

Peirson has been with the Brisbane Heat since 2014.

In 2018 he became Queensland's youngest-ever Sheffield Shield winning captain when the Bulls won the competition in 2018.
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The home became a $500 a week rental in late 2019 when the couple traded up to Everton Park



Joel Robinson

Brisbane Heat wicket-keeper Jimmy Peirson lists former Stafford Heights home

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The Australian cricketer Ashton Agar has traded up handsomely in Perth.

The specialist ODI and T20 spin bowler has spent $2.25 million in the pricey waterfront suburb Dalkeith.

The three bedroom home, built in 1990, sits in 1,165 sqm grounds which feature a tennis court and resort-style swimming pool.

It had been for sale for a year and a half before Agar swooped.

Agar was trading up from the beachside Scarborough where he has owned a four bedroom townhouse since paying $660,000 in 2016, shortly after making his international T20 debut for Australia.

Agar, who plays for the Perth Scorchers in the BBL, has played four Tests for Australia, earning his baggy green in 2013.
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The specialist ODI and T20 spin bowler has spent $2.25 million in the pricey waterfront suburb Dalkeith.

Cricketer Ashton Agar trades up in Perth

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As a cricket tragic, I was thrilled a little over a year when we named our son Stanley, being in part a subtle or oblique reference to one end of the Gabba cricket ground in Brisbane (I felt a reference to the old Clem Jones stand - or even 'Sir Gordon Chalk'! - might have been pushing it...).  
There's been a tremendous amount of excitement in Brisbane this week as the English cricket team is in town to the play the first Test Match of the historic Ashes series.
The view of the Stanley Street End skyline today takes in many cranes, as well as the imposing $85 million Trafalgar Residences, a 20-storey apartment block at 855 Stanley Street (being a new development since the last time an Ashes test was played here). 
Looking back towards the opposite Vulture Street End of the ground, the television cameras picked up the apartments advertised for sale and for rent at 444 Vulture Street, where apartments are advertised for rent from $360/week for one bedroom units, and from $750/week and above for three bedders. 
At this stage of the construction cycle there's a risk of vacancy rates being understated as a single online advertisement can account for multiple new apartments.
The ubiquitous offers of rent-free periods for tenants, free internet (and so on) in Woolloongabba apartments reflect the clear weakness in the rental market. 
<a href="https://4.bp.blogspot.com/-itoxPPGm1ZU/WhhpS_l1dYI/AAAAAAAAnKI/hBj0N50WViseRcD2sqxmCuyVuHD7le_gACLcBGAs/s1600/Gabba1.jpg" target="_blank"><img src="https://4.bp.blogspot.com/-itoxPPGm1ZU/WhhpS_l1dYI/AAAAAAAAnKI/hBj0N50WViseRcD2sqxmCuyVuHD7le_gACLcBGAs/s640/Gabba1.jpg" width="640" height="626" data-original-height="612" data-original-width="624"></a>
In a moment of wry amusement, even match commentator Damien 'Flemo' Fleming was moved to mention the glut of new building in the suburb, a rare yet curiously welcome departure from the discussion of Bowlology, the Fast Bowling Cartel, and heavy metal music!
<a href="https://1.bp.blogspot.com/-BwaK2bL-bhM/WhhpTYP9BVI/AAAAAAAAnKM/CXCbpcod3xwCNIMN83h-Q9pJqS4XiN2nwCLcBGAs/s1600/Gabba2.jpg" target="_blank"><img src="https://1.bp.blogspot.com/-BwaK2bL-bhM/WhhpTYP9BVI/AAAAAAAAnKM/CXCbpcod3xwCNIMN83h-Q9pJqS4XiN2nwCLcBGAs/s320/Gabba2.jpg" width="640" height="318" data-original-height="658" data-original-width="1320"></a>
Avenue of apprehension
The new high-rise apartment market can be a risky one for buyers, in part because the apartments can lack uniqueness or scarcity value, and partly because the duration of projects can span several years from approval to completion, at which point the market can suddenly become swamped with new supply. 
This cycle has played host to Queensland's greatest ever apartment construction boom, eclipsing even the post-recession boom of the early 1990s, although far fewer houses have been built this time around.
<a href="https://3.bp.blogspot.com/-VjQ48qj4NHU/WhhqQDIpq8I/AAAAAAAAnKg/eyFCJfPOSPscNdjqj93ghMJRqPEMfBGNQCLcBGAs/s1600/A.jpg" target="_blank"><img src="https://3.bp.blogspot.com/-VjQ48qj4NHU/WhhqQDIpq8I/AAAAAAAAnKg/eyFCJfPOSPscNdjqj93ghMJRqPEMfBGNQCLcBGAs/s640/A.jpg" width="640" height="394" data-original-height="831" data-original-width="1347"></a>
As we have seen in Perth since 2014, the long lead times mean that by the time projects are completed demand may have slowed significantly.
In fact, until relatively recently Western Australia was seeing the number of new dwelling completions exceed the growth in headcount, as population growth had slowed so dramatically, resulting in a surge of rental vacancies and falling rents. The city of Darwin went down a similar path.
Queensland has suffered from this dynamic too, albeit to a lesser extent. The good news for Brisbane landlords is that the Queensland economy, employment growth, and thus the three components of demographic change (natural growth, net overseas migration, and net interstate migration) are now aligning to create faster population growth. 
<a href="https://3.bp.blogspot.com/-oqk7AYTwwy4/WhhqPgZCVuI/AAAAAAAAnKc/VKtFnrAI48s2-ZhHd6JsQEtpu2i0EQR_wCLcBGAs/s1600/A1.jpg" target="_blank"><img src="https://3.bp.blogspot.com/-oqk7AYTwwy4/WhhqPgZCVuI/AAAAAAAAnKc/VKtFnrAI48s2-ZhHd6JsQEtpu2i0EQR_wCLcBGAs/s640/A1.jpg" width="640" height="388" data-original-height="829" data-original-width="1363"></a>
Meanwhile new apartment commencements are slowing to a crawl, helping to rebalance the market over time.
The Brisbane apartment market is heading back towards equilibrium eventually, then, but 2018 will nevertheless be a splendid year for renters, especially in some of these inner-city unit markets. 
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pwargent-M4siyDbqQY

Apartment glut on the Gabba's skyline obvious even to the Channel 9 cricket commentary team: Pete Wargent

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Australian cricketer David Warner secured $1.88 million when his Little Bay home sold at weekend auction.
Initial reports suggested the coastal suburban Sydney house would fetch about $1.9 million.
Two buyers competed for the renovated four-bedroom Jenner Street home.
The 27-year-old opening batsman had purchased the property for $1.75 million in 2012.
The home, with Queenslander-style facade, had a contemporary rear extension with an open-plan living space of its 738 square metre block.
David Warner apparently will be trading up in Sydney's east, but the Sunday Telegraph Phil Rothfield's has recently written the test opener has denied he was looking to buy a property in the $4 million range in Bondi.
Warner and his fiance, Candice Falzon announced they are expecting a child earlier this month.
Warner also has an investment property in Maroubra, which cost $562,000 in late 2009. It is in a 1950s Maroubra Road block of four units.
Its rental performance appears patchy as available at a $620 a week rental in late 2011, by March 2012 it was still available at $560 a week.
It became available again in March 2013 at a $600 a week asking price, seemingly on a six month lease, as it was back briefly available for rent at $600 a week in late 2013.
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jchancellor-FAypfDUnLy

Cricketer David Warner sells in Little Bay as family home becomes necessary

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Retired spin bowler Shane Warne Brighton house sale price has been registered.
The historic four bedroom house, Kilkerran, which sits on a 2,202 square metre estate, fetched $10.85 million.
Property Observer previously reported Warne sought $18 million with early and repeated offers around $13 million. Fairfax Media had put the sale price at around $15 million in ensuing reports.
The <a href="https://www.urban.com.au/property-observer" target="_blank">Brighton</a> prestige market has been subdued for some three years or so.
The Warne sale narrowly topped the suburb's 2013 sales, just eclipsing the $10.8 million sale of Kinane to the Esposito family, which had been <a href="https://www.propertyobserver.com.au/news/brighton-s-mega-mansion-and-pseudo-town-hall-kinane-finally-sells/2013092465257" target="_blank">speculated as $10 million</a>.
Another big sale last year being $9.25 million when the retired cricket captain Ricky Ponting bought his Melbourne abode, also through JP Dixon.
<a href="https://www.propertyobserver.com.au/new-south-wales/ricky-ponting-calls-stumps-to-sutherland-shire-innings-with-%24425-million-property-sale/2013110366115" target="_blank">Selling in Sydney's Sutherland Shire</a>, Ponting and his wife, Rianna bought the Shandford Estate, a 1920s Edwardian seven-bedroom house on 1890 square metres with tennis court and a private laneway to the nearby Brighton beach. 
When Warne's William Street property was first unofficially listed in August 2012, Sportsbet.com.au briefly took bets on what the property would fetch.
It had $10 million to $12 million as the favourite price bracket, with the odds at $2.60.
The Brighton property record remains $15.6 million, set in 2009 on Glyndon Avenue. The sale will sit as the suburb's eighth above $10 million since 2005.
Caveat title documents published last November indicated Kilkerran was being bought by the Bellesis family of Brighton. Its paperwork leads to Maria Bellesis, the wife of Ross Bellesis, CEO and owner of the automotive parts company, Socobell.
Warne paid $8.55 million for the heritage listed home in 2009, which he shared with partner Simone Callaghan and their three children before the couple split in 2010.
The Warne's prior home in Brighton included one on nearby Middle Crescent which was bought for about $3.5 million in 2000 and sold for about $8.75 million seven years later.
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>
      
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Shane Warne secured $10.85 million in Kilkerran sale, so no Brighton record

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The Melbourne Cricket Club Foundation has sold two Jolimont heritage homes.
They had been listed with a $6 million combined expectation.
Bromo, at 28 Jolimont Terrace was built in 1865 for John Bruce, father of former prime minister Stanley Melbourne Bruce, according to the East Melbourne Historical Society, before their move to St Kilda.
It was expected to fetch mid-$2 million.
The two-storey, six-bedroom residence, at 26 Jolimont Terrace with bluestone cellar, had mid-$3 million expectations.
Number 26, configured as office space, sold for $4.1 million with three bidders, while number 28, a Victorian terrace house on 347 square metres, passed in at $2.45 million, but sold later.
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Melbourne Cricket Club Foundation sells Jolimont heritage homes

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The injured Australian cricket captain Michael Clarke has reduced the price expectations on his Lilli Pilli house, having missed Sydney's property market resurgence.
There was $2.7 million plus price guidance for its August McGrath auction - which is less than his 2006 purchase price of $2.87 million.
The pricing came despite its post-2006 renovation.
Back in 2009, Clarke thought of quitting the Sutherland Shire but failed to achieve his then $3.4 million hopes.
Now, some two months after auction, <a href="https://www.mcgrath.com.au/buy/house-lilli-pilli-nsw-2229/206824/?searchID=41873569" target="_blank">there are $2.4 million plus expectations</a> for <a href="https://www.mcgrath.com.au/buy/house-lilli-pilli-nsw-2229/206824/?searchID=41873569" target="_blank">t</a>he contemporary five-bedroom, four-bathroom split-level house that comes with pool, spa and boat shed on its 1,670 square metre bushland riverfront block.
Earlier this year Clarke and wife, Kyly spent $8.3 million in Vaucluse.
Clarke is currently in a race to prove his fitness for the upcoming test series against India, having succumbed to his third hamstring injury this year.
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Michael Clarke lowers price for redundant Sutherland Shire home

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Cricketer Shane Watson and wife Lee Furlong have indicated they will take $3.95 million for their five bedroom Caringbah South home in Sutherland Shire which went to early October auction.
Their deep waterfront home had initial $4 million plus hopes for the two level offering.
The couple bought the new Grandview Parade house with a jetty and pontoon on Burraneer Bay in 2010 for $3.9 million.
<a href="https://www.domain.com.au/property/for-sale/house/nsw/caringbah-south/?adid=2011413568" target="_blank">It is listed with Highland Property</a>'s David Highland and Mitchell Wynn. 
The couple recently sold a Gold Coast investment property.
The Watsons' difficulty in securing a good price is similar to <a href="/news/37996-michael-clarke-lowers-price-expectation-for-redundant-sutherland-shire-home" target="_blank">Michael and Kyly Clarke's situation with their Sutherland Shire offering</a>.
{qtube vid:=7Xd6DYeFRRE}
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Cricketer Shane Watson seeks $3.95 million in Sutherland Shire

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Test cricketer David Warner has secured $650,000 for the two bedroom Maroubra apartment<a href="ttp://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/maroubra/?adid=2011484085" target="_blank"></a> which he purchased as a first home buyer in late 2009 for $562,000.
Warner now lives at a $6.25 million clifftop South Coogee house with fiancée Candice Falzon which was bought earlier this year from the property developer and former Secret Millionaire Carly Crutchfield.
The top floor 1950s Bentleigh block apartment has been most recently leased with a $600 a week asking rent, reflecting a 4.8% yield. It was initially available around early 2012 with its asking rent at around $560 a week.
The Maroubra Road apartment sold ahead of its October 27 <a href="https://www.newhousepower.com.au/index.cfm?pagecall=property&amp;propertyID=2743772&amp;realestate=232_Maroubra_Road_MAROUBRA_NSW_2035%20&amp;propertyStatus=SoldRented" target="_blank">Newhouse Power auction</a>.
After breaking onto the international cricket scene in the 2008/09 season with a series of explosive hitting performances, Warner is now a key member of the Test team, currently touring the United Arab Emirates in matches against Pakistan, batting on with stomach illness this week.
Their new home is a three level home commanding 180 degree views across the Pacific Ocean to Bondi.
David Warner secured $1.88 million when his Little Bay home sold before the upgrade.
The batsman had purchased the property for $1.75 million in 2012.
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