Introducing 'Summerglen', Buderim’s finest home.

Nestled away on five acres and boasting dual street access, the intensely private home combines its impressive grandeur and classic stylings with a beautiful rainforest location.

The award-winning 6-bedroom, 6-bathroom, 10-car garage home designed by Brad Read Design Group brings together grace and elegance of a period home with soaring ceilings and swathes of glass, and combines it with contemporary ideas of luxury.

Through a formal gated entryway, the driveway leads one past the lagoon to the expansive two storey home. Here, one enters through the formal entry foyer and experiences the impressive volumes within the main living zones complemented by the high-end kitchen complete with integrated appliances and scullery.

It’s also here on the lower level that one finds the office, library, multiple formal and casual living rooms and home cinema and gym.

Further mod-cons within the house include state-of-the-art security and technology, underfloor heating, striking fireplace centrepiece in the formal dining room, a granite bar in the billiard room with an outlook to the garage.

Outside, the home features an award-winning swimming pool and spa paired with a full-sized tennis court set upon the expansive, manicured grass lawn. It’s in the backyard that the most lavish entertaining can take place with festoon lighting in the majestic fig tree and an alfresco dining area complete with a built-in BBQ.

Across the two levels and the poolside guest pavilion, Summerglen comprises of six bedrooms and six bathrooms plus a powder area. The master suite features a large dressing room and opulent ensuite to match.

Infrastructure on the property includes garaging for up to 10 vehicles, a 5,000-litre underground water tank, an automatic pop-up sprinkler system, an outdoor fountain with lighting, two garden sheds, ‘hidden’ dog fencing plus boundary fencing, entry bridge and electronic custom-built gated entry.

Beyond, the expansive grounds and grand residence, Summerglen is three minutes from the centre of Buderim, and is nearby to Mooloolaba Beach, Sunshine Coast Airport with Brisbane an hour away.

The listing is with Ray White Nambour’s Matt O’Grady (+61 414 317 375), POA. raywhitenambour.com.au

Advertised rents on houses and apartments have risen by more than 40 percent nationwide since the pre-pandemic period, with a shortage of rental homes and record levels of net overseas migration pushing weekly rents higher and reducing vacancy rates to historical lows, said Proptrack senior economist Eleanor Creagh.

However, Ms Creagh said the pressure in Australia’s rental market should ease over the next year as overseas migration falls, with the Federal Government expecting it to halve from here. Meantime, home values have continued to lift because the supply versus demand imbalance is now so great it is trumping the traditional dampening effect of rising interest rates on prices. Proptrack data showed the national median value lifted for the 17^th consecutive month in May.

“Despite a rise in the number of homes for sale this year, strong population growth, tight rental markets, and home equity gains are all contributing to demand, while the supply side of the housing market has fallen short and as a result, home prices reached a fresh peak in May as robust demand has continued to push prices upwards,” Ms Creagh said.

More investors are in the property market this year due to strong rental yields and continually rising values. Ms Creagh said lending to investors had reached record levels in Queensland, South Australia and Western Australia, which are the strongest states at the moment for capital city price growth and rental demand.

Proptrack has published data showing the top suburbs for rental yields in both the capital cities and regional areas of each state, as well as the suburbs with the highest capital growth over five years.

Here are the results for the five mainland states.

NSW

The suburbs with the highest rental yields for houses in Greater Sydney are Killarney Vale 4.2 percent, Watanobbi 4.1 percent, Blue Haven 4.1 percent, Woongarrah 4.1 percent and Airds 4.1 percent.

In the regions, the top rental yields can be found in Broken Hill 9 percent, Cobar 8.5 percent, South Lismore 8.3 percent, Boggabri 7.5 percent and Moree 7.2 percent. The top suburbs across NSW for capital growth over the past five years are Finley 126 percent, Culcairn 123 percent, Hay 108 percent, Broulee 106 percent and West Wyalong 105 percent.

Victoria

In Greater Melbourne, the suburbs with the highest rental house yields are Wollert 4.4 percent, Coolaroo 4.3 percent, Dallas 4.3 percent, Koo Wee Rup 4.2 percent and Roxburgh Park 4.2 percent. In the regions, the best rental yields for houses can be found in Red Cliffs 6 percent, Mooroopna 5.9 percent, Numurkah 5.9 percent, Stawell 5.8 percent and Morwell 5.6 percent.

The top Victorian suburbs for five-year capital growth are Warracknabeal 119 percent, Orbost 108 percent, Beechworth 102 percent, Myrtleford 100 percent and Euroa 99 percent.

Queensland

The suburbs with the highest rental house yields in Greater Brisbane are Laidley North 6.1 percent, Laidley 5.6 percent, Churchill 5.5 percent, North Booval 5.5 percent and Russell Island 5.4 percent. In the regions, the top rental-yielding suburbs are Collinsville 10.4 percent, Moura 10.1 percent, Moranbah 9.7 percent, Pioneer 9.6 percent and Blackwater 9.5 percent.

The Sunshine State’s fastest-growing suburbs for home values over five years are Mount Morgan 157 percent, Woodford 126 percent, Dysart 122 percent, Mount Coolum 121 percent and Worongary 114 percent.

South Australia

The suburbs with the highest rental yields for houses in Greater Adelaide are Eyre 5.6 percent, Elizabeth North 5.6 percent, Smithfield Plains 5.6 percent, Munno Para 5.4 percent and Salisbury North 5.4 percent. The best rental yields in regional South Australia can be found in Whyalla Norrie 7.9 percent, Risdon Park 7.8 percent, Port Pirie South 7.8 percent, Whyalla Stuart 7.7 percent and Port Augusta 7.6 percent.

The top South Australian suburbs for five-year capital growth are Elizabeth Downs and Elizabeth North – both at 135 percent, Elizabeth South 127 percent, Elizabeth East 123 percent and Hackham West 117 percent.

Western Australia

The suburbs with the highest rental yields for houses in Greater Perth are Hilbert 6.4 percent, Medina 6.3 percent, Stratton 6.3 percent, Balga 6.3 percent and Dayton 6.2 percent. The best rental yields across regional areas can be found in Kambalda East 12.2 percent, Kambalda West 11.2 percent, Nickol 11 percent, South Headland 10.9 percent and Newman 10.7 percent.

The top West Australian suburbs for capital growth over the past five years are South Hedland 135 percent, Rangeway 116 percent, Darlington 115 percent, Cooloongup 114 percent and Spalding 113 percent.

Introducing ‘Summerglen’, Buderim’s finest home.

Just out of Mooloolaba, Queensland, comes this grand estate.

High rents and rising values are inspiring greater investor activity this year