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

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Star Indian cricketer Shikhar Dhawan’s Clyde North family home was sold for $935,000 in post-auction negotiations after its Sunday auction. 
The opening batsman’s 2012-built house at 6 Forest Drive had been listed with an $850,000 to $935,000 price guide.
OBrien Keysborough agent Darren Hutchins said more than 200 groups had toured the ex-display home during its campaign.
The 446 sqm home had passed in at $911,000, the Herald Sun reported.
Its listing went viral on realestate.com.au, with more than 64,000 views, well above the suburb’s average of 83 visits per property.
The home had previously sold at $730,000 in 2015 and $789,000 in 2013.
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Indian batsman Shikhar Dhawan sells Melbourne home

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Cricketer Steve O’Keefe has sold both his residential new-build investment properties in Mudgee.
The Manly-based O’Keefe, who has a property portfolio across the country, bought the building-block opportunity in 2013 for $169,000.
He subdivided the 840 square metre corner plot, set south of the town, and built a home on each block.
He got $355,000 for the three-bedroom, two-bathroom home on 402 square metres, which has been a $360-a-week rental. The home next door on 435 square metres fetched $347,000.
McGrath Central Tablelands agent Lucas Sheppard secured the sale for the long-time Sydney Sixer.
O’Keefe, among the top wicket-takers over the summer, has owned a two-bedroom Manly apartment since paying $921,500 off the plan in 2011.
He also has four properties just outside of Brisbane, in Kingston, Marsden, Waverley and Raceview.
His portfolio is at the cheaper end of the market, unlike former Test teammates Steve Smith and David Warner, who have stuck to pricier Sydney.
This article was first published in the Sunday Telegraph.
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Cricketer Steve O'Keefe sells two Mudgee residential investment properties

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New South Wales cricket veteran Steve O'Keefe is selling another of his investment properties in Mudgee.
O'Keefe, who has built a vast property portfolio across the country, bought into the Mudgee market in 2013, spending $169,000 on an 840 square metres corner plot south-west of the main town.
The Manly-based spinner subdivided the parcel and built a home on each block.
He's now asking $355,000 for one of the three bedroom, two bathroom homes on 435 square metres that has been a $360 a week rental.
The home next door is also $360 a week rental.
McGrath Central Tablelands agent Lucas Sheppard has sold one of O'Keefe's investment homes, and is offering the other.
The long-time Sydney Sixer, who was among the top wicket takers in the competition over the summer where the Sixers made it to the semi finals, has also just finished building a four bedroom home in Lennox Head, having spent $270,000 in 2016.
He has owned a two bedroom apartment in Manly since paying $921,500 off the plan in 2011.
O'Keefe has an even stronger portfolio in Queensland where he has four investments.
He has investment properties in Kingston, Marsden, Wakerley and Raceview, all just outside of Brisbane. 
His portfolio is at the cheaper end of the market, unlike his former Test teammates Stephen Smith and David Warner.
This article was first published in the Saturday Telegraph. 
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Cricketer Steve O'Keefe lists another Mudgee investment property

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Cricketer Nathan Lyon, who holds the record for most Test wickets taken by an Australian off-spinner, has sold his matrimonial home at Port Hacking in the Sutherland Shire.
It comes just days after his triumphal selection in the 15-man squad ahead of the World Cup that begins in late May in the UK.
The four-bedroom, four-bathroom home with deep waterfront and boat ramp was bought in 2016, the year before his split with his longtime partner Mel Waring.
The then Perth-based estate agent Emma McCarthy has been his partner since 2017.
There’s been no sale price reveal by its Ray White selling agent Matthew Johnston.
Overlooking the Royal National Park, it was bought off market in 2016 for $3.8 million from Charlie and Jill Yankos.
Johnston had sold Lyon’s last home, in conjunction with Jill Yankos, when his Oyster Bay battle-axe fetched $2,070,000 in 2016.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/2/Lyon2.jpg" alt="">
Lyon and Waring had paid $1.4 million for the home in 2014 and renovated the riverfront into a four-bedroom home.
In 2018 he sold his Vaucluse investment apartment for $1,085,000.
Having paid $1.1 million in 2015, the 1970s apartment was then leased for $800 a week.
Lyon made his debut in the Australia Test team in 2011.
The 31-year-old from Young, made an immediate impact on debut, taking a wicket with his first Test ball.
He went on to take 5-34 and became only the 15th Australian bowler to take five wickets in their debut innings.
The Test veteran, who was the first finger spinner to claim 200 Test wickets for Australia, now has taken 343 wickets. 
Lyon began his career as a member of the ground-staff team at the Adelaide Oval after finishing a four-year apprenticeship at the Manuka Oval in Canberra.
This article was first published in the Sunday Telegraph.
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Cricketer Nathan Lyon sells Sutherland Shire waterfront home

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The former Australian cricket captain turned commentator Ricky Ponting and his wife Rianna have bought in Portsea.
The couple paid $3.51 million for the home, close to Fishermans Beach which had a $775,000 build in 2009.
The four-bedroom, three-bathroom will be a weekender from their home on Brighton’s “golden mile”, which they bought for $10 million in 2013.
The two levels home has a resort style heated pool and spa along with in-ground trampoline and basketball practice area on its 1,068 square metres.
It was sold by Sothebys who struggled to find a buyer with the property listed for more than 300 days.
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Ricky and Rianna Ponting buy Portsea weekender

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Runout T20 cricket captain Aaron Finch, who had a big weekend leading his Big Bash team the Melbourne Renegades to final victory against the Melbourne stars, secured the sale of his Melbourne investment apartment just a few hours earlier.
The big hitter sold the two bedroom Kensington warehouse conversion apartment for $590,000, only just higher than the $579,000 paid off the plan in 2010.
Finch watched as two bidders competed when <a href="https://rendina.com.au/real-estate/1140706/303-18-bent-street-kensington-vic-3031" target="_blank">303/18 Bent Street</a> was offered on Saturday.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/15/Finch2.jpg" alt="">
Its Rendina agent Lou Rendina had marketed it with $550,000 to $600,000 hopes.
After a $550,000 opening bid, a local couple looking for a new home outbid the investor. 
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Melbourne Renegades cricket captain Aaron Finch sells investment apartment

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Axed Australian Test cricketer Mitchell Marsh has had to take a loss on his Perth home.
He found a quick buyer for the <a href="https://www.realestate.com.au/sold/property-house-wa-bicton-129689962" target="_blank">Bicton home</a> (above) that cost him $2.5 million in 2016, but sold recently for $2.38 million.
The 2013 built home on 1010 sqm has four bedrooms, a theatre room with 3D built in screen, a wine cellar and a custom built library.
A heated swimming pool and spa sit in the garden.
Marsh, who was dropped for the first Test against India, also owns at Fremantle.
Brother Shaun was also based in Bicton until recently. He did slightly better, but only made a $5,000 profit on his home that cost him and wife Rebecca $1,725,000 in 2014.
They've upgraded to a $2.1 million home in Applecross.
This article was first published in the Weekend Australian.
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