Annie and Adam Stewart bought a 1960s postwar home and knocked it down to build this four-bedder.More Brisbane buyers are choosing to knock down and rebuild their homes avoiding costly renovations.Recent data by Porter Davis Homes has shown an 85 per cent increase in knock down rebuild jobs across a number of both up and coming and established suburbs.Porter Davis Homes Queensland sales manager Alex Hill said the increase had remained consistent over the past year with various house builders having started to cater for the knock down rebuild segment.“Many homeowners are looking to knock down rebuild as the preferred option over renovations or moving into a new home,” Mr Hill said. The most popular suburbs for a knock down rebuild 3- 7 Acton Street, Ashgrove 159 Prior St, Tarragindi can be knocked down and rebuilt. Photo: realestate.com.au The home at 1 Enderby St, Mt Gravatt East before it was knocked down. Photo: Supplied 1- Tarragindi2- Ashgrove3- Kedron/Camp Hill (tied)4- Sunnybank/Wavell Heights (tied) 1- 12 Harman Street, Manly Tarragindi, Ashgrove, Kedron, Camp Hill, Sunnybank and Wavell Heights topped the list of suburbs for knock down rebuilds according to the Queensland Knock Down Rebuild Sales Comparison FY1617-FY1718 data.Mr Hill said of the more inner-ring suburbs, it can be difficult to execute a knock down rebuild as projects can be impacted by heritage overlays.“Once you get outside of those immediate inner suburbs, places like Ashgrove, Camp Hill and Tarragindi become prime areas for a knock down rebuild,” he said.“They allow homeowners to remain close to key lifestyle factors such as the city, local shopping precincts and their preferred school zones, whilst still being able to achieve the home of their dreams.” 25 Merinda St, Greenslopes is a newly built property. Photo: realestate.com.au Annie, 32, and Adam Stewart, 35, bought a 1960s post war home at Mt Gravatt East in 2012 and rebuilt a four-bedroom property at 1 Enderby St, which is currently on the market.Mrs Stewart said they lived in the tiny home for some time before deciding they wanted something bigger.“The layout of the house wasn’t conducive to lifting it, and over 80 per cent was asbestos so we would have had to remove that anyway,” Mrs Stewart said.“We built a big house. We went from one extreme to the other. We now have three bedrooms which we don’t use.” The home at 1 Enderby St, Mt Gravatt East before it was knocked down. Photo: Supplied 2 – 25 Merinda St, Greenslopes 7 Acton St, Ashgrove is a new rebuild. Photo: realestate.com.au 12 Harman Street, Manly. Photo: realestate.com.au2- 526 Beenleigh Rd, Sunnybank The couple saved more than $150,000 by choosing a knock down rebuild, on a 627sq m corner block.Place Sunnybank selling agent Stan Egawa said it was common for people to buy post war properties.“Some knock down and rebuild the homes and build something they have always dreamed of,” Mr Egawa said.“We are following the Tarragindi area where it’s a similar situation – a very old suburb with post war homes being knocked down.”Priority Residential – Brisbane selling agent Ali Mohamed said a new four-bedroom home at 7 Acton St, Ashgrove had replaced an old pre-war home on site.With no character protection, Mr Mohamed said the owners considered a renovation however would have spent in excess of $500,000, and instead opted for a new build.“The new build would hold better value long term,” Mr Mohamed said.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoAccording to Porter Davis Homes, cost savings, flexibility to choose your own floor plan and energy efficient and/or sustainable features were the top three reasons knock down rebuilds had remained stable in the last 12 months.Mr Hill said the average build cost for a knock down rebuild process was about $300,000 (not including land costs).“The knock down rebuild process has evolved from a once multimillion-dollar venture to one that can cater to those across many different demographics,” Mr Hill said.“We have found that the majority of our customers, (87%) opt for a double story home when choosing to knock down and rebuild. We often find this is the case throughout the inner suburbs in order to maximise space in denser areas.“The more willing you are to live further outside of the CBD it’s much more likely to snap up a larger land size, which is when and where we start to see more variety in the types of homes people are choosing to build.” Three knock downs for sale 526 Beenleigh Rd, Sunnybank. Photo: realestate.com.au 27 Henderson St is a new build at Bulimba. Photo: realestate.com.au Three new rebuilds for sale 3- 159 Prior St, Tarragindi 1 – 27 Henderson St, Bulimba
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