Hamilton is a prestige suburb of Brisbane with some of the most luxurious, larger houses in the city.

It is also a suburb with ongoing development including the Kingsford Smith Drive upgrade.

Malcolm Gunning, president of the REIA spoke to WILLIAMS MEDIA about the housing market outlook.

“Suburbs like Hamilton and neighbouring Clayfield are traditional family areas and tend to hold up reasonably well because you get aspirational families or young professional families, who usually choose these locations because most of the houses are substantial and on big blocks of land.

“As opposed to Bulimba and New farm which tend to have more smaller blocks of land.”

Mr Gunning said Hamilton is very similar to Toorak in Melbourne and Vaucluse in Sydney.

“The market in Hamilton is relatively stable, and not getting great swings.

“The share market is not doing too badly, therefore the market is holding up pretty well.”

Hamish Bowman from Ray White New Farm is currently marketing a home which is part of Hamilton Reach, a master planned community.

“Hamilton Reach is a continuation of Portside, and is bordered by the Royal Queensland Golf Club," Mr Bowman told WILLIAMS MEDIA.

“The home is in a brand new vibrant community, and the complex has its own tennis courts, walkway and little beach, located on the river."

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605/12 Parkside Circuit, Hamilton for sale by Hamish Bowman of Ray White New Farm, as seen on Luxury List

Mr Bowman said the property - built in 2015 - is immaculate and has been really well looked after.

“Hamilton is one of Brisbane’s best suburbs.

"The home is on the river and it’s been very thoughtfully managed, with an abundance of facilities.”

It was meticulously designed by award winning architects, Arkhefield.

Practice director Graham Nottle told WILLIAMS MEDIA “the terrace homes offer a unique living opportunity with abundant natural light and airflow through the plan, without loss of privacy or security.”  

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The beach in the Hamilton Reach community, as seen on Luxury List

“They are orientated on the site to ensure ease of access to surrounding parks and paths from private yards, and to create a beautiful, private central common with lawn and pool,” said Mr Nottle.

“Every terrace home is designed to celebrate the unique qualities of our subtropical Queensland environment and lifestyle.”

Related reading: Which Brisbane suburbs will benefit from the planned metro?

The home, on Parkside Circuit in Hamilton will go to auction on September 8.

Mr Bowman is also marketing an apartment in Teneriffe, in the Saratoga Woolstore.

“This apartment is located in one of best, most expensive streets in the suburb,” said Mr Bowman.

“It’s a really good rental proposition. The owners just bought a house in Windsor and are upgrading."

Mr Bowman said no more woolstore apartments are being made, and there are only about half a dozen woolstores in total.

“Woolstore apartments have nice high ceilings which you don’t see everyday, and this one also has a vertical garden in the courtyard which I haven’t seen before in these units, and I have sold quite a few in the past.

“Teneriffe is an attraction suburb; it’s the number one suburb in Brisbane for median house and apartment prices.

“But it’s hard to get into, as once people buy into the area they rarely leave.”

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319/50 Macquarie Street, Teneriffe for sale by Hamish Bowman and Ben Percival of Ray White New Farm, as seen on The Home Page

The apartment in Macquarie Street, Teneriffe is going to auction on September 9.

Related reading: Savvy homeowners cash in on high capital growth suburbs in Brisbane

CoreLogic data shows Brisbane is expected to see a large percentage increase in new unit supply over the next two years, with the data suggesting an uplift of 18.4 per cent.

Brisbane has already felt the effects of unit oversupply and although there remains a large number of units to be completed, the construction cycle peaked almost two years ago and the city is already starting to see some moderate rises in values and rental rates.

Ivo Kornel of Belle Property New Farm said numbers have been great throughout opens in Teneriffe recently.

“There has been around a 30 per cent increase in traffic in opens, offers from buyers, and sales in the last six months.

“This year there has been a steady increase in confidence in the apartment marketplace.”

Mr Kornel said Brisbane as a whole is coming alive.

“It’s been one of those cities that has always been considered a big country town.

“The amount of infrastructure, development, and investment; whether local, national or international, is putting Brisbane on the map.

“The climate is amazing, you have the north and south coast,” Mr Kornel continued.

“Teneriffe will only get better. It’s a smart place to park money an even better place to live!”

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