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Property News

Cost of house construction expected to rise in 2021

By | Property News

With housing prices set to rise in 2021, now is the time to build your dream home

 

If you’ve been thinking about building your new home, now is the time.

 

With property prices slated to increase in Brisbane and Queensland along with the rest of Australia, and the $25,000 Federal Government HomeBuilder grant set to finish at the end of March, it really is a great time to move from aspiration to action.

 

Other factors for you to consider when building your new home include the effects of COVID-19 and social distancing on site logistics, ongoing issues with supply chains and many other factors.

 

You need to look at all of the factors that could potentially affect the cost of building your new home as they all add up to considerable upward cost pressure on the building and construction industry.

 

It’s impossible to predict the future but many industry experts and a number of economic factors point to the price of building a new home continuing to increase over the course of 2021.

 

Why is now the right time to build?

 

The Federal Government’s $25,000 HomeBuilder grant will come to an end as of March 31 this year. The government has indicated it will continue in a different form beyond that time but at a greatly reduced rate of $15,000.

 

Many experts including HSBC chief economist Paul Bloxham (as reported in the Australian Financial Review) are predicting Brisbane house prices are set to rise by as much as 5 per cent in 2021. So those getting into the market early in 2021 are set to see the most capital gains over the course of this year should this prediction play out.

 

More recently CBA economist Gareth Aird indicated lending rates had ramped up considerably at the start of 2021 with the price of a home in Brisbane forecast to increase by up to 16.6% over the next two years (as reported in the Urban Developer).

 

We are also in a market where interest rates are still extremely low, but it’s impossible to know if this will last or for how long.

 

Starting construction on the new home of your dreams right now definitely makes sense on a number of fronts.

 

Why are prices rising?

 

The cost of construction is set to rise in 2021 because of a combination of factors:

  • Interstate migration from New South Wales, Victoria and further afield is up.
  • The number of tradespeople allowed on site at any one time is harder to manage because of social distancing restrictions.
  • Supply chain management is more challenging than ever as is job site phasing
  • Trade restrictions and increasingly challenging global supply chains have led to increases in the cost of building materials across the board

 

How can I capitalise on the current market climate?

 

  • Speak with your financial advisor and/or accountant to get your finances in order
  • Start talking with your design and building partners
  • Act quickly before the HomeBuilder grant falls from $25,000 to $15,000 at the end of March
  • Act quickly before house, land and construction prices increase

 

Who should I talk to about building?

 

You will need to engage with a number of professionals in order to make your new dream a reality.

 

Designers, architects and structural engineers will need to be engaged, a builder chosen, finance sought, a block of land found… the list goes on.

 

At McCarthy homes the process is simple, you engage with our team and we can walk you through what it will take to build your new home from dreaming, to designing, throughout construction and through to handing over the keys.

 

Our team is your team and we look forward to being with you on your new home journey every step of the way.

 

What professional advice should I seek?

 

Always seek the advice of a professional before you make significant financial commitments, such as purchasing a home or arranging the construction of a new house. Independent financial and legal advice is essential when it comes to building a new home.

Looking to get a head start before the changes and turn your dream home into a reality? Why not contact McCarthy Homes today, and make a start on creating your little piece of paradise for you and your loved ones to enjoy.

Click here to contact us.

Or, call us on (07) 3358 9704

The benefits of buying a display home

By | Architecture, Display Homes, Property News
banner image of McCarthy Homes
At some point in your homeowner journey you’ve no doubt walked into a display home and been completely blown away. The design, the specs, the location… it’s everything you want from a home.

A voice in your head whispers “If only this could be yours.”

Well, with McCarthy Homes, it can. Our display homes are available for purchase, and there are a bunch of reasons why you should consider one for your next property buy.

Here are a few of the benefits of buying a display home.

 

 

Leaseback options

 

When you buy a McCarthy display home, there’s no hunting around looking for the right tenant. We already have the perfect tenant lined up for you – us! We leaseback the home at an attractive predetermined rate, so you know exactly what your income from the property will be for the entirety of the lease. It’s regarded as one of the highest yielding investments you can get.

As well as guaranteed income, this saves you money on property management, inspection and letting fees. You can still claim on depreciation; your rent will always be paid and we’re not going to throw any wild parties. Now that sounds like a good investment.

When the leaseback finishes, you get the keys to your luxury turn-key home, ready to move into or rent out.

 

Pinnacle by McCarthy Homes at 4 Cardinal Crescent Newport 4020 QLD

 

 

Location

 

Your display home will often be within a display village, an area deemed to be more accessible, convenient and generally more desirable than other parts of the estate.  This already places your new display home at an advantage.

The display village will also consist of other top-of-the-range homes designed to show off the developers’ skills. You’re going to be surrounded by quality properties, and the streetscape of the will be established and maintained to a striking and appealing level.

Sometimes a display home is within a growing suburb, not an estate. Rest assured we have done our research and selected a sought-after street that’s convenient and easily accessed.

Metropolitan by McCarthy Homes at 153 Splendour St, Rochedale 4123 QLD

 

Fittings and inclusions

 

A McCarthy display home is designed to impress, showcasing our best in design and our premium fixtures, fittings and features. It’s our chance to put our best foot forward and show buyers the high level of quality they can expect from us.

When you buy a display home from us, you’re getting the best available features at a reasonable price. We’re talking cutting-edge design where every aspect of the build has been considered, style elements that take your breath away, trend-setting fittings and chic fixtures.

When our lease ends, you get first option to purchase the display furniture we used, meaning you get a fully furnished home with premium art and furnishings.

Located at 4 Cardinal Crescent Newport 4020, the Pinnacle 29 Display home by McCarthy Homes.

 

Landscaping

 

A lot of new builds don’t have landscaping included in the cost. With a display home from McCarthy Homes, you’re going to get the best landscaping we can provide. Our architect-designed gardens and exceptional outdoor living spaces bring another level of liveability to a property. It’s all included when you purchase one of our display homes.

 

Maintenance

 

When you’ve got an investment property that you’re renting out, it’s a given that you pay for the maintenance. Problem with the plumbing? Electrics gone haywire? It comes out your pocket.

This isn’t the case when we lease the display home back from you. Maintenance is on us, because we want to keep the property in the best possible shape. So when a problem arises, we take care of it.

This doesn’t just extend to problems. We get cleaners in regularly to keep the property looking spick and span, and a landscape maintenance team keeps the gardens in top order.

 

 

The heavy lifting is done

 

Buying a new home or an investment property should be a stress-free process. It doesn’t get more seamless than when you buy a display home from McCarthy Homes. Forget about researching the latest in design and decorating trends. Forget about trying to figure out what the latest and best home features are.

We’ve done it all for you.

The floorplan is done, the inclusions are decided upon, the colour scheme is set. You simply walk in, fall in love with the home and we’ll get the ball rolling from there.

 

 

Current Opportunities 

 

Visit our Display Homes page to view our Display Homes that are currently for Sale. Discover each home today by taking a virtual tour, downloading the brochure, viewing the floor plan or reviewing the image galleries.

 

Explore Metropolitan

Located at 153 Splendour St, Rochedale 4123 QLD.

The Metropolitan is suited to narrow lots, and is ideal for those who love to entertain with a large open plan living area and deluxe alfresco. Four bedrooms ensure there is plenty of room for a growing family.

 

Metropolitan by McCarthy Homes at 153 Splendour St, Rochedale 4123 QLD

 

Discover Pinnacle.

Located at 4 Cardinal Crescent Newport 4020.

The Pinnacle captures the essence of exceptional contemporary design, expressed through the simplicity of strong, clean lines executed with precision.

Its purpose driven layout create ideal environments for modern living with seamless indoor to outdoor entertaining, multiple living zones, advantageous work spaces and relaxing sanctuaries – bathed in abundant natural light and fresh air.

The design has style and substance; combining eye-catching geometry and articulation in its facade with an extensive array of projections and an attractive arrangement of render and glazing.

The layout includes; a sun drenched open plan living area, glazed middle courtyard area, double garage, rear main bedroom suite adjourning a separate first floor Leisure area.

As with all exceptional contemporary designs, the Pinnacle’s lines are sleek allowing its integrity to shine through in unison with its functionality and purpose.

 

Located at 4 Cardinal Crescent Newport 4020, the Pinnacle 29 Display home by McCarthy Homes

 

Discover Brookhaven

Located at 151 Splendour St, Rochedale, QLD 4123.

The Brookhaven is classic luxury and style, sure to encapsulate your imagination and desire like no other.  With a blend of style and functionality, the open plan living encompasses a mid-positioned void, leading to a stunning alfresco and open area.  A widened staircase leads to a first floor vista of space and open views, all assisted by generous glazing and natural light.

Features of this premium home include; Galley style kitchen with Butler’s pantry, spacious open plan dining and family room, Guest bedroom with separate Ensuite, full sized master suite with separate robe-room, individual study area and convertible linen / wine cellar.

The Brookhaven showcases McCarthy Home’s commitment to creating the best quality craftsmanship of enduring luxury family homes tailored for individual families.

 

Brookhaven 42 display by McCarthy Homes, 151 Splendour St, Rochedale, QLD 4123

 

 

Have you got any questions about how purchasing a display home from McCarthy Homes? Contact us today and we’ll gladly answer them for you.

Top ten tips to knock down and rebuild your dream home.

By | Architecture, Display Homes, Property News
What happens if you love where you live, but your family are growing out of the house? You belong in the neighbourhood, but you need more space?
Over the last ten years, homeowners are trusting McCarthy homes to knock down, design and rebuild their new homes from start to finish. It’s what we are known for and it’s why we have our best tips for you to consider before taking the magnificent leap to your dream space!

 

1) Out with the old, in with the new.

Knocking down a house needs careful planning. At McCarthy Homes, we have a rigorous step through process that keeps you informed every step of the way. We do it with you – from the first land checks, taking down your existing home to landscaping and handing over your new keys. All you need to do is come along with ideas, inspiration and be open to new possibilities.

 

2) Love the land you live on.

The first aspect we need to check is your land and whether it is suitable for a knockdown and rebuild? You will need planning information through your local council that outlines zoning and restrictions. We will guide you through this process.

 

3) Sunny side up for your home position.

The position of your new home is an exciting part of the design stage. When you wake up in the morning, do you want to be sunny side facing or enjoy sundown in your alfresco dining, poolside? Our designers create a land map to show you the options for an optimum position.

 

4) Get ready, move out, no stress.

Preparing to move out needs a timeline that works with your work and family. Relocating while we knock-down and build means finding a temporary home with minimum disruption. Our team are here to support the process that works with your family, from start to finish.

 

5) Dream big and design with us.

Building your dream home is usually a once-in-a-lifetime opportunity. It can feel overwhelming at the start. It begins with land mapping and building, and moves into the detail of tiles and décor. We like to see this as the fun part where you get to recreate a new space that will grow with you and your family.

We have many design elements for you to browse. We have designers that can show you how colours flow through your space, how granite, quartz and sandstone bench tops change the feel of a kitchen and how natural light determines how you furnish your master bedroom.

 

6) A pool with a view.

At McCarthy Homes we design pools that are an extension of your indoor living. Many families ask for pools to be visible from the open plan kitchen or your entertainment area.

We design swimming pools to flow seamlessly through the exterior land available and to the size you want. The safety fence and decking are part of the aspects that we can recommend with confidence.

 

7) Choose your style.

Our Hamptons homes and triple gabled Queenslanders are our most popular designs. With more than 50 design series, you can choose a style to suit your family.

Would you like a stunning Federation style kitchen featuring premium European kitchen appliances, butler’s pantry and cellar designed to bring out the inner chef in every family? We integrate with open dining and spacious entertainment area’s both inside and out, designing alfresco dining areas for celebrations to create great family memories.

Our homes feature bedrooms with beautifully designed ensuite’s, walk-in robes, study nook, leisure areas and open living spaces.There are many designs to choose from. Every design has a growing, dynamic family in mind.

 

8) Landscape for leisure and lazy days.

With busy lifestyles more of our homeowners are choosing styles that create a peaceful and tranquil ambience.

From your site measure to concept, we create plans and begin drawing until you can visualise your space coming to life.

 

9) Saving makes sense.

Demolishing and rebuilding capitalizes on your land value without paying stamp duty and agency fee’s of a sale.  We know there is less risk involved building a home, than a renovation or an extension.

 

10) The final countdown.

Your personal Client Service Manager will be with you through the knock down and rebuild process. You are one step closer to living your dream.

An on-site Construction Supervisor will keep you informed and consult with you through from start to finish:

  1. Commencement
  2. Base
  3. Frame
  4. Enclosed
  5. Fixing
  6. Handover
  7. Maintenance

We can’t wait for you to see the magic happen!

At McCarthy Homes,  we are the experts in knockdown and rebuild from Ballina to Noosa. Dream big and let us build for you!

 

Ready to get started? Contact us today!

Home Maintenance tips for new homes

By | Property News

Moving into a brand-new home? It’s exciting times! That smell of fresh paint and woodwork, echoes of empty rooms before the furniture rolls in and the dreams of hosting friends and relaxing with family. There’s no better feeling than moving into a brand-new home that you can call your own.

However, to make the most of your new home and extend its life for future generations, there are a few basic maintenance tasks you will need to attend to regularly. We encourage all owners of McCarthy Homes to read this brief guide to get an idea of some of the things you should be thinking about when you move into your new home, both on day 1 and into the future.

Concrete

 

Taking care of concrete can be a little difficult. Unfortunately, even the best laid concrete can crack under the right conditions. At McCarthy Homes we do everything we can to ensure that any concrete we lay on driveways or paths is right for the environment. To take further steps to ensure your concrete goes the distance, be wary of having heavy vehicles park or drive on it and don’t undertake extensive digging nearby. Consider planting trees further back from any concrete as well, as roots can quickly crack and distort concrete.

 

Decks and Exposed Wood

 

If you’ve just taken delivery of your home, one of the first things you will need to do is coat all wooden decking with sealant. This will help maintain the integrity of the wood in all weather conditions. It will help seal out water and may provide a barrier of protection against other damage. Over time, you may find that your deck attracts dirt and stains. You’ll need to scrub it down thoroughly and reseal it on occasion to keep it in pristine condition.

The same rules apply for other exposed wood around your home. Ensure that new sealant is applied as needed. Pay particular attention to wood that is directly exposed to the elements, particularly sunlight and rain.

 

Condensation

 

While many modern homes are built with extractor fans and are designed to promote adequate air flow, you will need to take some steps to prevent condensation forming in certain areas of your home. Basic steps you can take to reduce condensation include opening bathroom windows when water is in use and using extractors and ventilation systems. Limiting the ability for condensation to form inside your home will also help prevent any mould growing.

 

Flooring

 

Depending on the flooring in your home, you may need to take different steps to maintain it at a high level of quality. Carpet should be vacuumed regularly, preferably with a vacuum cleaner that’s appropriate for its thickness and conditions (if you have pets, consider a vacuum cleaner with an attachment for pet hair). Carpets should be shampooed roughly every two years, or less, to ensure they stay clean and stains don’t become set in.

Wooden floor boards may need to be polished at times. If mopped regularly, they may also need to be polished and have new varnish or sealant applied. Tiles and linoleum should be mopped regularly. Be wary of uneven wear on some parts of your flooring. This can arise due to heavy foot traffic or furniture footings.

 

Gardens and Pool Areas

 

If your brand-new home was built by us, we will provide guidance on landscaping and gardening that will assist you in maintaining the integrity of your home. Some things to be aware of include:

• Ensure that all gardening, soil, additional tiling or paving etc is located beneath the level of the damp proof membrane.
• Ensure that nothing covers the weep holes in brickwork.
• Aim for a 75mm split between your gardens, gravel, soil and grass and the weep holes.
• Weep holes must be kept open and able to be visually inspected as part of termite prevention, in addition to protecting brickwork from moisture.

Your pool areas should be maintained according to your local council guidelines. You should ensure that they do not sit above the level of your home and that there are adequate measures in place to ensure that all excess water drains away from your home.

 

Maintenance advice

 

If you are unsure how to maintain any part of your home and would like professional advice, please contact us. We always seek to ensure that our clients are provided with adequate information at handover, however sometimes some eventualities arise which cannot be planned for. We’re more than happy to point you in the right direction if required.

 

Click here to contact us.

Or, call us on (07) 3358 9704

Australian Residential Property Outlook for 2021

By | Property News
The last few months have certainly been interesting. It is now apparent that we are operating in entirely different conditions, and that they are here to stay (for the near-term, at least). The coronavirus and associated restrictions on economic activity imposed by Australian governments have led to a dramatic reshaping of our entire economy. During this time, many business have had to close, causing many people to be without work lose, and the size of our economy will likely contract for the two consecutive quarters required to declare a recession. Avoiding this would be a herculean achievement and appears unlikely from even the most optimistic viewpoint.

With so much changing so quickly, every forward-looking projection made within the first few weeks of January for the property market in 2020 is not longer of any value. The entire game has changed, and everything you previously “knew” about shifts in the property market no longer applies. We keep our ear very close to the ground, because our livelihood depends on people building new homes. We have decided to summarise some of the arguments and predictions we saw in early January, and compare them to opinions in mid-April, a mere three months later.

 

January’s outlook for 2021

 

In January, the picture was rosy, albeit with some expectations of slowed growth throughout the year. Opinions varied, but generally speaking, economists and analysts expected early growth in the first two quarters of the calendar year, with a distinct slowdown as housing affordability began to move beyond the reach of most buyers. Lower interest rates were expected to drive renewed attention on the property market, particularly for investors as equities began to offer less attractive risk-return ratios and fewer opportunities to find genuine value.

Minor corrections across Sydney and Melbourne in the months leading up to the end of 2019 had many pundits predicting increased interest in the housing market in those cities driving prices upwards at a steady rate, with the tail-end of the year seeing a plateau or minor reduction, with a good chance of those markets achieving their all-time highs inside of 2020 or in 2021.

 

May’s outlook for 2021

 

Now that we are in May, things are looking decidedly different. The coronavirus has shaken the world, markets of every shape and size have taken a hit, and the hitherto unforeseen measures required to eliminate the coronavirus from the community (or at least slow its spread) have seen huge sectors of the economy shut down virtually overnight.

Despite significant reductions in interest rates, the JobKeeper program, and ongoing quantitative easing, the Australian economy as a whole will suffer significantly during this lockdown period and will take some time to rebound on the other side. However, it could be worse. This is not the GFC – this is an economic crisis caused (through necessity) by government intervention, not underlying issues in the housing market.

Many pundits are tipping a return to a solid, healthy property market by mid-2021, however, every prediction relies on how quickly we can alleviate the threat of coronavirus and return to an approximation of business as usual.

 

How McCarthy Homes is helping

 

We know it’s tough for a lot of people. We’ve spoken with people who have had to push back their dream of building their first home for several years – they’ve lost their job, they’re chewing through savings and they’ve watched their super and other investments tank. We cannot help everyone, but we can help a few. For a limited time, we will pay your rent if you build a new home with McCarthy Homes – up to $25,000. We want to see as many people as possible achieve their dream of owning their forever home, regardless of economic conditions.

 

Click here to view our promotions.

 

Our Build Options

 

Explore our build options below and determine what works for you – we are very flexible, and always happy to help homeowners get into a house.Housing bounced 0.8 points to 50.8, in growth territory rather than contraction. Of the four construction sectors measured, housing shows the strongest signs of stability and potential growth. Australia has seen the housing boom maintained for over a decade. While there have been plenty of small blips, that long upwards trend has proven quite resilient.

 

Knock-Down Rebuild

House and Land Packages

Custom Homes

Home Designs

Hampton Homes

Home Inclusions

 

Where we build homes

 

McCarthy Homes builds homes across South East Queensland and the northern coastline of New South Wales.

Click here to see our build areas.

 

Work with McCarthy Homes

 

McCarthy Homes have been building high quality custom homes for over two decades. During that time, we have helped dozens of happy first homeowners step into their dream homes. Our approach to home building centres around the element of timeless sophistication. Every aspect of our building process is designed to deliver a luxurious forever home.

Working with McCarthy Homes gives you the benefit of working with experts in all fields. From our project managers through our lead designer and carpenters on every site – when you work with McCarthy Homes, you work with the best. We’ll ensure that you understand the entire process of building your home, from design to handover. Flexibility, transparency and superior finishes are our trademark and we stand by it.

Click here to learn more about McCarthy Homes.

 

Contact McCarthy Homes

 

If you’d like to discuss your new home plans with us, get in touch. We are always happy to guide you through the process and determine what we can do to get you into your dream home. We can help you with planning and design, site selection, knock down and rebuild, and more.

Click here to contact us.

Or, call us on (07) 3358 9704

We Will Pay Your Rent!

By | Property News
McCarthy Homes Promotion we will pay your rent
Building a home can be a lengthy process, and few of us have a significant amount of surplus funds to keep us going during the process. It can be frustrating paying your rent, knowing that soon you’ll have a home of your own and you’ll be able to make mortgage repayments and build equity with your costs of shelter, rather than funnelling money into someone else’s home. This is the core reason for many people to purchase their first home. 
To address these cash flow concerns, we have decided to help those who are building a McCarthy Home. For a limited time, we will pay your rent while your new home is being built. McCarthy Homes Standard Design Guidelines apply. It’s that simple – we will pay you so you can pay your rent or your interest payments. 

The Nuts and Bolts

Our offer extends to $800 per week if you are building a double storey home with McCarthy Homes, up to a total of $20,000. If you are building a single storey home, we will pay your rent up to $400 a week, up to a total amount of $10,000.

This rebate is paid to you as cash, allowing you to use the money to pay down your mortgage or existing rent. This means, that for up to 25 weeks from the date building of your home starts on site, you can have your rent paid and have some of the stress of building a home taken out of the equation. This is part of McCarthy Homes’ commitment to helping you have a stress-free home building experience. We want you to be able to move in and start enjoying you home immediately with less financially worries.

We’ll pay you so can you pay your rent or interest payments – if this is your first time (within the past 36 months) entering into a HIA Queensland New Homes Construction Contract (QC1) (HIA Building Contract) or a preliminary agreement with a view to entering into a HIA Building Contract with the Builder (Preliminary Agreement).

You can also combine this promotion with other offers, such as our Preliminary Deposit Saving, our Essentials Inclusions package or our Knock-down rebuild promotion (which could save you up to $60,000.00). This is a fantastic opportunity to get into a brand-new home at a greatly reduced cost.

Click Here To View Terms & Conditions

 

McCarthy Homes Promotion we will pay your rent

We’ll Pay Your Rent – a McCarthy Homes Promotion

 

Standard Design Guidelines

These guidelines aim to provide clients with a cost- effective design from our standard library range of plans, based on standard site requirements including a limited list of permitted drawing changes.

Site fall requirements for standard designs:

  • A level building pad that can be constructed by equal cut & ‘fill’, maximum 2.0m across platform.
  • Boundary retaining walls that are a maximum 1m in height, to allow for a level building pad.

Permitted changes to standard designs*:

  • Piers and posts
  • Decks and balconies external of the building footprint
  • Cladding
  • Window size and location
  • Internal door size and location
  • Degree of roof pitch
  • Island Bench location
  • Internal walls to enclose an ‘open internal space’
    i.e. sitting room to lounge/media

*Subject to Management Approval

Click Here To View Our Standard Designs

Are you having difficulties paying your rent?

If you are struggling to meet rent payments due to changed economic circumstances, you are not alone. Thousands of individuals and families around the country are experiencing genuine rental duress due to losing their jobs or being allocated fewer hours. The coronavirus and associated government-imposed restrictions have caused hardship for many, but there are assistance programs.

If you are not in a position to build a home right now, but still require rental assistance, consider negotiating with your landlord. Explain your circumstances and the maximum rent that you can afford to pay. There is a good chance that your landlord is also experiencing difficulties during this time, and a reduction in cash flow may limit their ability to meet repayments on your property or others. If you are unable to find recourse by consulting your landlord or property manager, there are other resources available. State residential tenancy bodies are coordinating with landlords across the country to assist people keep their homes and pay their rent. You may be eligible for rent assistance or you may be able to negotiate a debt plan to help you stay above water.

Work with McCarthy Homes

McCarthy Homes have been building high quality custom homes for over two decades. During that time, we have helped many happy first homeowners step into their dream homes. Our approach to home building centres around the element of timeless sophistication. Every aspect of our building process is designed to deliver a luxurious forever home.

Working with McCarthy Homes gives you the benefit of working with experts in all fields. When you work with McCarthy Homes, you work with the best. We’ll ensure that you understand the entire process of building your home, from design to handover. Excellent design, communication, transparency and superior finishes are our trademark and we stand by it.

Click here to learn more about McCarthy Homes.

Contact McCarthy Homes

If you’d like to discuss your new home plans with us, get in touch. We are always happy to guide you through the process and determine what we can do to get you into your dream home. We can help you with planning and design, site selection, knock down and rebuild, and more.

Click here to contact us.

Or, call us on (07) 3358 9704

Coronavirus Operating Update from McCarthy Homes

By | Architecture, Display Homes, Property News
The impact of Covid19 continues to evolve across Queensland and the rest of Australia. We remain open for business, by appointment only and we are commited to keeping up to date with the latest safety requirements. 
Our hearts go out to anyone who’s been impacted by the virus, either directly or indirectly, and we are inspired and very grateful for the selfless healthcare workers who are working tirelessly to care for people in need.
We are commitment and ready to continue all our partnerships as we work to deliver every new home with minimal disruptions.
To all our valued customers: we want to ensure that you feel confident in our ability to create a safe environment and to provide innovative solutions to remedy any changes to our traditional new home journey.

Visiting McCarthy Homes Display Homes

All our Display Homes remain open by appointment only, and we have adopted safe practices to ensure all visits to our homes comply with the Australian Department of Health guidelines, which include:

  • personal hygiene
  • social distancing
  • regular surface cleaning

Alternatively, we are very happy to arrange virtual tours, and meetings via video conference using Microsoft Teams, Zoom, Skype or Facetime etc.

Please contact us via phone or email and our friendly Sales team will work with you to arrange a suitable meeting option that you are comfortable with. You can also view our display homes via our virtual tours which are located on the ‘Display Home” section of our website.

Click here to visit our contact page.

Click here to visit the Display Home showcase.

We are Prepared and Ready

At McCarthy Homes we have a robust and comprehensive Business Continuity Plan in place which provides excellent contingency plans that will allow our staff to operate remotely if/when required.

For all our customers who are currently in the construction stage of their new home journey, we are continuing with construction as per each schedule. We have exceptional support from our suppliers and trade partners who have worked with us to conduct rigorous supply chain reviews, and as a result of these audits, we do not foresee any risk of shortages (short to medium term). We will continue to work together to ensure that long term supply is sustained.

Changes to Operations

To help maintain our staff and clients’ health and wellbeing, all office, sales and selection meetings will be offered via email & phone or video conferencing using Microsoft Teams, Zoom, Skype or Facetime or other means.

If you do need to visit our office in-person we would ask that you contact us first and be aware that mandated social distancing rules will need to be maintained if an in-office meeting is agreed upon.

We will be vigilant in our face-to-face interactions with our clients, suppliers and contractors by following advice from the health professionals to apply social distancing and ensure that we adopt good hygiene practices. We would ask that you also follow this advice, and do not attend any sales, office/selections or on-site meetings should you or someone in your family or contact group be unwell. This will help to keep us all safe.

Please observe all guidelines and regulations put in place by the Queensland government during this time. They are the correct resource for determining how operations will continue in the future.

Questions or Concerns

It is understandable that you may have questions or concerns during this unprecedented period. We encourage you to contact us, through either our main office number, the website, or your Sales Consultant or Client Service Manager.

Please be assured that we have the resourcing, local knowledge, experienced staff and systems to partner with you to build your new home in these challenging times.

As we go forward, we’ll be sure to keep you updated, and know that we always value your questions, ideas and feedback.

Click here to visit our contact page.

Or, call us on (07) 3358 9704

Construction Index Hits lowest since 2013

Construction Index at its lowest since 2013

By | Property News
Construction Index Hits lowest since 2013
The Australian Performance of Construction Index (Australian Construction PMI) saw a small decline in December of 2019 to mark 16 straight months of contraction. The month of December saw the index slip to 38.9 from 40 in November.

A falling construction index is a fairly powerful indicator of the health of the Australian economy in general and can act as a forward indicator for flow-on investment in other areas. For us at McCarthy Homes, however, there was a silver lining to that cloud. Housing construction, a specific area within the broader construction index, saw a slight rise. This bodes well for housing, particularly the niche in which we operate, and means that we can continue to build and hand over beautiful Hampton style homes for our clients.

What are the knock-on effects?

Ask 10 different economists how construction investment and overall numbers impact the economy and you’ll receive 15 different answers. Some of the knock-on effects of a downturn in housing construction specifically that we have seen espoused include:

  • Reduction in house prices: This seems paradoxical, as one would expect a downturn in supply to cause an increase in prices. However, it appears that the same factors that lead to a lower dwelling construction numbers also have an impact on overall demand for housing. It is somewhat a chicken and egg situation.
  • Reduction in consumer spending: Housing market shocks of almost any description often have impacts on consumer spending levels. As many people view construction numbers as a bellwether for the broader Australian economy, a downturn here may be seen as a sign that it’s time to tighten the belt.
  • Reduction in business confidence: The above can also be said for business confidence. This can have the knock-on effect of reducing business investment in new premises, which can further exacerbate a construction downturn.
  • RBA action: The housing market plays a role in the Reserve Bank of Australia’s decision-making. While it is oft said that their remit remains exclusively around monitoring inflation levels, recent years have seen their scope to expand assessment of, and action on, employment, housing and more. Interest rate decisions are made in a very macro context.
  • Impacts on other industries: Large changes in construction numbers, housing prices and other major economic purchases can have a flow-on effect to big ticket items like car and holiday purchases.
  • Changes in employment patterns: A construction downturn may impact the hiring practices of construction firms, with strong potential for reduced hiring rates.

Which states are building houses?

Depending on the data you look at (monthly fluctuations are normal and can be considerate), Sydney and Melbourne approached the final quarter of the 2019 calendar year with some slight increases to housing construction. Building permits nationwide were down month-on-month by 0.2% in December, although that was on the back of a very busy November.

All things considered, there is significant upside potential for all Australian states, although growth in construction approvals and house prices are likely to be very localised. Southeast Queensland is likely to remain an attractive proposition for those seeking capital gains in housing outside of the overheated Sydney and Melbourne markets.

Building approvals

In December 2019, the total dwelling units approved was down 5.9% on December 2018. This data from the Australian Bureau of Statistics illustrates a slight downturn in the home construction industry, although it must be taken in context. After several years of aggressive growth and rapid increases in dwelling approvals, a downturn of 5.9% doesn’t represent a major downshift for the industry, but rather the addition of some volatility and a possible return to more sustainable levels of growth.

Why houses are performing so well

Housing bounced 0.8 points to 50.8, in growth territory rather than contraction. Of the four construction sectors measured, housing shows the strongest signs of stability and potential growth. Australia has seen the housing boom maintained for over a decade. While there have been plenty of small blips, that long upwards trend has proven quite resilient.

There is no telling what happens in the future, but it’s worth reflecting on the reasons Australia’s housing market, including both construction numbers and overall prices, has seen such strong performance. The likely explanation is a combination of cheap debt and overpriced assets elsewhere, making housing more attractive. However, identifying direct causes for a macro trend is almost impossible.

What should you do?

Always seek the advice of a professional before you make significant financial commitments, such as purchasing a home or arranging the construction of a new house. We are not financial professionals, but we can assist you in finding someone who may be able to provide you with advice, or we can provide general advice.

Click here to contact us.

sunshine coast property market growth

The Sunshine Coast – A Diverse, Growing Economy

By | Property News
sunshine coast property market growth
The Sunshine Coast is on the cusp of a huge economic boom. Significant investment in the region by local, state and federal governments, coupled with private business investment, is positioning the Sunshine Coast as the next fastest-growing regional centre in Australia. We’ve taken a dive into some of the major factors that are likely to contribute to the Sunshine Coast’s rise over the next decade.

Olympics bid

South-East Queensland’s bid to host the 2032 Olympic Games is likely to drive significant investment in local infrastructure throughout the region. The Sunshine Coast stands to benefit from this investment, particularly as the current Queensland State Government seems committed to spreading events from the Whitsundays down to the Gold Coast.

Due to recent changes instituted by the International Olympics Committee, regions are now able to make bids for the games, which makes South-East Queensland’s bid far more likely to succeed. It also ensures that whichever government is in power during preparation for the games is more likely to allocate funding throughout the region, which stands to benefit the Sunshine Coast.

Infrastructure boom

The Sunshine Coast is currently undergoing a significant infrastructure boom that will better position it to handle upcoming population growth throughout the 2020s and 2030s.

Maroochydore CBD Development

Maroochydore is positioning itself as one of Australia’s largest and fastest-growing urban centres. A complete redevelopment of the new CBD will cement Maroochydore’s position as the hub of the Sunshine Coast, with closer proximity to Asian trading partners and a high-speed data connection providing it with independent access to the rest of the world.

Sunshine Coast Airport Expansion

The Sunshine Coast Airport is undergoing significant investment in a new runway and requisite infrastructure to boost capacity and improve exposure to the wider world. The new runway is expected to be completed in 2020 and will greatly improve tourism and work accessibility.

Sunshine Coast Health Precinct

The Sunshine Coast Health Precinct, incorporating the Sunshine Coast Health Institute, Sunshine Coast University Hospital and Sunshine Coast University Private Hospital, constitutes one of the largest ongoing health infrastructure investments in the country. Expectations are for the Health Precinct to drive around $447 million per year in contributions to the Sunshine Coast economy.

Other projects

There are major new residential developments the length of the Sunshine Coast, in addition to accompanying commercial developments that are being constructed to serve both existing needs and future requirements. New technology precincts will serve to take full advantage of the submarine cable that is connecting the Sunshine Coast with the wider world.

Employment growth

All of this investment and development is accompanied by an enormous jobs boom that is unlikely to die down. As construction jobs arise during the infrastructure development phase, more roles will follow as businesses and workers shift into the new technology, health and commercial districts. This cycle of investment and job creation is likely to last long into the future as the Sunshine Coast continues to grow, creating a self-fulfilling loop of investment and growth.

Shifting economy

The Sunshine Coast, a region once largely reliant on tourism, is rapidly accelerating towards a diversified future with a host of different industries taking centre stage. Health and technology are likely to play a large role in the future of the Sunshine Coast. As the local economy continues to strengthen and attract a range of business types, economic conditions will continue to improve and become vastly more robust.

As the economy diversifies, it will attract new residents and the continued demand for employees will place upwards pressure on residential real estate prices. The state government recognises this and appears committed to driving continued growth in the Sunshine Coast region in an effort to more evenly spread population growth throughout south-east Queensland rather than concentrating it in existing high-density areas.

Population shifts

The Sunshine Coast is experiencing significant population shifts. While in the past it was home to a slightly older population than many other areas in south east Queensland, recent years have seen a slight shift in the demographics of the region towards younger age brackets. As employment opportunities in the area continue to grow, this demographic shift is likely to become more pronounced.

The bottom line

The Sunshine Coast is Australia’s ninth most populous region. It’s attracting more investment than ever before. This huge boom in infrastructure investment is driving employment growth, further residential investment and a bright future for the region. Now is an excellent time to dive into the Sunshine Coast property market, whether as an investment purchase or a forever home – the Sunshine Coast has something for everyone.

north lakes home price record

A McCarthy Home just set a Price Record

By | Property News
north lakes home price record
Here at McCarthy Homes, we don’t measure the value of our homes by their price. We measure them by the value they add to the lives of our customers. Our homes are painstakingly designed, refined and redesigned to maximise familial comfort and ease of living. Our designers focus on the minutest details to ensure that everyone who lives in a McCarthy Home has a great time. It’s easy enough to notice when a home is designed poorly. However, when it’s designed well, you rarely notice a thing – it just fits perfectly as part of your surrounds.

Living in a McCarthy Home is an everyday pleasure, and that’s the way we like it. We ensure our homes are affordable, because everyone deserves to live in a home that is perfect for them. When it comes to the price of a sale after a home has had its first owner, that’s not a concern of ours. It’s not the money that matters, it’s the years upon years, the decades, of shared memories and experiences within the walls.

However, the housing market certainly measures value with dollars. Pleasingly, the housing market in North Lakes recently determined that the most valuable home in the suburb was a McCarthy Home.

16 Kennedy Court, constructed fewer than ten years ago, is a unique custom build by McCarthy Homes. It follows all the design principles present in every single McCarthy Home. Designed to maximise comfort and encourage communal living, it boasts flowing living areas and a central kitchen that’s perfect for family cooking sessions. There’s nothing worse than an isolated kitchen, and 16 Kennedy Court maximises the central importance of the kitchen, the centre of every home.

The kitchen features a large marble island directly in the centre. It’s complimented by stained timber surrounds and elsewhere throughout the property, ensuring a perfect design flow that makes you feel right at home, exactly where you belong, anywhere in the house.

While an excellent home design means more than anything else when it comes to comfort, liveability and sophistication, some great views can really add to the equation. 16 Kennedy Court has outstanding views in spades, overlooking the North Lakes Resort Golf Course in a stunning panorama of the best that Brisbane’s north side has to offer.

Stepping outside the home, 16 Kennedy Court offers an impressive backyard and swimming pool area. With a direct view to the golf course from the swimming pool and outdoor living area, it’s a great spot to relax and soak up the atmosphere.

Quality over all else

Our homes are built to last. True value and lasting home security are delivered through extremely stringent standards and high build quality. Extensive consultation between our designers and construction team ensures that the final product perfectly fits the requirements of the first homeowner while respecting the best practices we have developed through years of home building.

Ageless grace

Alongside building for quality, we build for timeless sophistication. Home trends come and go, but ageless grace is a quality that lasts forever. A McCarthy Home is built to last, both in structural soundless and appearance. Internally and externally, all McCarthy Homes exude an aura of grace and sophistication that permeates throughout generations.

16 Kennedy Court perfectly encapsulates the core design principles of McCarthy Homes. Superior inclusions throughout the home (in this case, upgraded at the owners’ insistence), refined finishes in every room and an atmosphere that ensures every resident and guest feels immediately at home.

The sale price

16 Kennedy Court set a suburb record for North lakes with a pre-auction sale price of $1,550,000. Marketed and sold by Darren Suhle of Ray White North Lakes, it was fantastic to see a McCarthy Home deliver the highest price ever for a house in North Lakes.

As we’ve stated, it’s not about the price, it’s about value. The home was purchased by a local family living nearby. We hope that upon moving in, they enjoy the best that McCarthy Homes has to offer and come to share many great memories within those walls.

The future of McCarthy Homes

This sale only serves to reinforce the principles that underlie everything we do at McCarthy Homes. We will continue to hire the best designers and builders  to deliver on the unique requirements of all of our valued clients.

Do you want to learn more about our processes, or would you like to speak with us about your options for designing, building or purchasing a home? Please get in touch, we’re happy to chat about your home requirements and help in any way we can.