Building a Queenslander

bushy — Wed, 31 Dec 2008 15:06:24 +0000

With the ridiculous property prices in Brisbane, Queensland, Australia – buying the land yourself, laying the foundation and building your own Queenslander might be a cost effective solution.

What follows is a step by step photographic collage of a Queenslander building construction – from the foundation all the way up to the roof.

Start with a couple supports and wooden trusses.

Wooden supports for the walls and second floor

Roof trusses and floor supports

Then erect the walls…

The wooden timbers get hammered and bolted to the concrete foundation

Wooden construction of the second floor

After the walls go up, build the second floor and add a tiled roof.

Wooden structure supporting the weight of a tiled roof

Bricks added to the outside of the wooden structure

What I don’t understand is why bother with the wooden frame construction then the brick work – why not just use the bricks to begin with?

Queenslander plastered

I would’ve thought that a face-brick house would require less external maintenance like painting, cleaning etc.

Maybe this is some weird way to distort the realestate values?

Can you figure this one out?

And after loosing the building rubble, laying the instant grass and a couple finishing touches – building is finished.

Queenslander construction finally finished. I'd say the garden needs a couple bushes!

The above construction took around 6 months to complete – admitted long compared to the usual month ot two realestate development, but this method probably saved a whole load of bob.

If you’re really sharp – with an investor’s mind – you’ll notice how this newly constructed Queenslander is entirely positioned on one side of the land block.

Sure this choice of land usage gives the kids a large open grass playground, but it allows an easy subdivision.

With a well planned subdivision – splitting the land into smaller parcels, the resale of the land could easily pay off the Queenslander mortgage.

This is how property developers make a fortune – divide and conquer (and fill their bank accounts)!

With a little knowledge and thought, you too can make a killing

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Property auction rip off

bushy — Sun, 25 Nov 2007 10:49:16 +0000

The purchase price for real estate is determined by comparative sales in the area. Since most property – houses and units in Australia – are sold at auctions, it is expected that the sale price will be excessive. The reserve is generally placed at the last comparative sale price. Even if this reserve is placed under this value, the vendor or seller is unlikely to accept less.

The reserve is the buy purchase price!!!

The building industry exploits this reserve. The bank property valuators use these sales figures during the mortgage application process. The developer will always add a little extra onto the sale price which means the buyer will not get a 100% mortgage and will have to fund the difference!

The images that follow are for a typical wooden Queenslander for sale in Morningside. This suburb is about 15 minutes away from the Brisbane CBD. Typical middle class area, nothing special.

According to the South East Property Price Guide, there have been 6 comparative Morningside sales now in November in the $500-599k range.

Five minutes away from the CBD in West End, you can get a 65 sqm bachelor unit for $400k, $1300 rates and $2500-2700 in body corporate fees.

Still, would you buy this 3 bedroom, 1 bath, no garage, wooden Queenslander property at the expected bargain auction reserve of $560,000+?

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Bushy's BLOG » Queenslander

Building a Queenslander

Property auction rip off