'Queenslanders' are made for keeps!
Updated: Aug 12, 2019
Love it or list it? Property gurus say 'Queenslanders' are made for keeps
IT’S the dilemma facing homeowners this spring selling season: renovate or sell? We asked the experts and it seems Queenslanders are made for keeps.
Last financial year, Queenslanders spent $1.6 billion on home alterations and additions, according to the latest Australian Bureau of Statistics figures.
In Brisbane alone, residents forked out $872 million for renovations in 2017/18.
Homeowners in Brisbane’s south splashed the most cash on upgrading their properties — spending a whopping $132.5 million, followed by Brisbane’s inner north, where homeowners spent more than $117 million.
The suburb where the most money was spent on renovating in the past financial year was Paddington-Milton, with residents there forking out more than $32 million.
New Farm was next, with homeowners spending $24 million on renovations, followed by Ashgrove at $22 million and Bardon at almost $21 million.
“The interesting thing is that the Queenslander home is probably one of the most popular forms of architecture I’ve ever come across in Australia.
it is hard to go wrong investing in a property that had history.
“There’s nothing like an original Queenslander, so if you happen to have an original one, then you’ve got something that is likely to be really sought-after in a couple of decades,” he said.
“Sydney and Melbourne’s old houses are taken seriously — really, really seriously.”