Seventeen Mile Rocks Archives - Page 2 of 3

Momentum Remains High for Seventeen Mile Rocks Property Market

Seventeen Mile Rocks maintains its momentum in the Brisbane property market with a steadily rising median house price that rose almost 12% in the last 12 months, amidst growing demand for properties on large blocks of land.

Highlights

Seventeen Mile Rocks experienced an 11.87 per cent growth in house values for the period of October 2020 to September 2021, whilst its unit market had a 7.59 per cent growth.
This outer ring suburb currently has a median house price of $749,500 and a median unit price of $432,500.
Seventeen Mile Rocks mostly offer investors detached houses that are less than 20 years old, in a community where less than 10 per cent of the properties are townhouses or apartments.

House Price Growth

Data for the period of October 2020 to September 2021 from Property Market Updates shows that the Seventeen Mile Rocks property market has performed quite well with a median house price increase of 11.87 per cent. This outer ring suburb is among those with the fastest appreciating property values in the state, with the median house price now at $749,500, up from $670,000 for the same time period last year.

Houses in Seventeen Mile Rocks are selling briskly, at an average of 22 days on market. There were 50 properties sold for this period with most investors competing for three-bedroom dwellings.

At least 91 per cent of properties in this suburb are detached low-set brick homes which are not more than 20 years old, whilst the rest are contemporary semi-detached, townhouses, or apartments. Nearly 46 per cent of the residents own their mortgaged homes, while almost 35 per cent are outright owners and 12 per cent are renters.

Unit Price Growth

During the same period, Seventeen Mile Rocks’ unit market also went up by 7.59 per cent, putting the unit median price at $432,5000 from $402,000 last year. There were, however, only 10 apartments sold during this period within an average of 59 days on the market. Apartment stocks for this suburb have not changed, producing almost no yield for investors.

About Seventeen Mile Rocks

Seventeen Mile Rocks is a picturesque, family-friendly suburb sitting next to the Brisbane River. Some 16 kilometres south of the CBD, this community with close to 3,000 residents used to be part of Sinnamon Park until its segregation and renaming in the late 1980s.

This area was predominantly an industrial district until its redevelopment in the mid-1970s. Now, it’s a thriving suburb with a lot of family appeal, because it’s accessible to upmarket schools, dining precincts, and retail stores at the Indooroopilly Shopping Centre, DFO Jindalee, and the Mt Ommaney Centre. Its most attractive drawcard is the Rocks Riverside Park, a beautiful recreational outdoor space where families and their dogs play, have BBQ parties, go biking or walking, or tend to the community garden.

Residents of Seventeen Mile Rocks, however, need a car to get around and more than half to drive to get to essential places or neighbouring suburbs.

“Edenbrooke – Seventeen Mile Rocks is, without doubt, one of the greatest estates in the Centenary area. Been living here since 2005 and wouldn’t change it for the world. Great Parks, walkways and great neighbours.”
Steven Peto

“Grew up around Oxley and recently moved back to 17 Mile Rocks in 2007 after building a house… It is close to the City and is a fantastic place to live…..”
Big Jenko

“17 Mile Rocks is one of the last few suburbs where you can forget to lock the car at night. It has a family feel to it, with quiet cul de sacs and streets where children play with one another. Neighbours are friendly and are often seen talking across fences or across roads with each other. This is an area that is set to boom in the near future. Bordering Windermere, Edenbrook, The Verandahs and Oxley this pocket of real estate has remained a hidden gem but is gaining more popularity. If you seek a home that is safe to raise your children, has good aesthetic qualities and will enjoy strong growth I suggest you look into the pockets of 17 Mile Rocks.”
Winmalee

Seventeen Mile Rocks Company Intellidesign Receives $59-K Government Grant

Seventeen Mile Rocks electronics and manufacturing company Intellidesign has received a generous grant for the company’s cyber and physical security certification.

Melissa Price, the Minister for Defence Industry, announced on the 1st of June 2021 that Intellidesign, an electronics design and manufacturing company based in Seventeen Mile Rocks, was to receive a share of $837,000 in grants among five other small Australian businesses in a bid to boost their competitiveness on the world stage.

The grants, dubbed the Defence Global Competitiveness Grants, are a critical program designed by the Morrison Government to make the nation’s defence industry more powerful and more globally competitive, and according to Minister Price, each of the six companies that received the grant have benefitted.

“Supporting the export capability of Australian small-to-medium enterprises strengthens their international competitiveness and drives innovation,” Minister Price said. “It allows them to provide cutting-edge and cost-effective capabilities to the Australian Defence Force. By investing in Australian businesses, the Morrison Government is delivering on its promise to generate jobs for Australians as a vital part of our economic recovery from COVID-19.”

Intellidesign in particular has been given a total of $59,908 to upgrade the company’s cyber and physical security and help them acquire certification. These upgrades will allow businesses to pursue export opportunities with global primes and overseas defence forces.

About Intellidesign

Intellidesign is a company that specialises in electronics and manufacturing, with teams that possess numerous sets of skills to create a wide variety of products such as surgical instruments, mobile wireless communication devices, robotics, and many more. The markets they cater to are varied, electronics to establishments such as hospitals and even underground mines.

The Intellidesign headquarters can be found at 99 Bluestone Circuit, Seventeen Mile Rocks. For more information, visit their website here. For the latest updates concerning the company and their projects, follow their Facebook page.

It’s Brisbane’s Turn to Hold a Memory Walk & Jog at Seventeen Mile Rocks

Brisbane, get ready for the return of Memory Walk & Jog, the annual health and fitness activity mounted by Dementia Australia! In 2021, 17 events will take place across the country with Brisbane’s walk and jog taking place at Seventeen Mile Rocks.

Happening on Sunday, 20 May 2021, the Memory Walk & Jog will begin at 7:00 a.m. at the Rocks Riverside Park in Seventeen Mile Rocks. So far, 53 teams have signed up for the event, with an impressive 778 fundraisers.

This year’s goal for Brisbane participants is to raise $183,000 that will help fund studies on managing or potentially curing the disease. The funds collected will also provide for the resources needed by Australians living with dementia, their families, and their careers.

At least 90,000 people in Queensland have been diagnosed with dementia and experts said that this number will rise to 207,000 in 2058. Thus, this annual walk and jog will also help raise awareness on the risks, social stigma ad other challenges faced by patients and the people around them.

Since February 2021, Memory Walk & Jog have taken place at various locations, such as Sydney, Western Sydney, Melbourne, Hobart, Canberra and Adelaide.

There will be three categories for the Memory Walk & Jog at the Rocks Riverside Park and the event is open for all ages and all fitness levels, including family pets! The organisers have established a COVID-safe plan so participants, volunteers and staff could enjoy the run as safely as possible.

To learn more about the event, visit the official site: www.memorywalk.com.au. For dementia support, phone the National Dementia Helpline on 1800 100 500 or visit Dementia Australia online.

Seventeen Mile Rocks to Receive NBN Upgrades

NBN Co has recently announced the list of towns and suburbs with homes that have FTTN (fibre to the node) which shall be eligible for fibre upgrades. Seventeen Mile Rocks is among the suburbs on the list.

In early May 2021, NBN Co, the company building Australia’s broadband network, revealed the first batch of suburbs across the country due for fibre upgrades which will transform FTTN homes to FTTP (fibre to the premises). Seventeen Mile Rocks is among the QLD suburbs that will receive improvements to their internet speeds.

These upgrades are a part of the company’s $3.5-billion network investments program which strives towards connecting up to two million houses to higher internet speeds, potentially even reaching 1Gbps once fully implemented.

The demand for higher internet speeds has increased among homeowners and businesses, and nbn aspires to connect 75 per cent of the Australian homes to high speed tiers by 2023. The company is currently collaborating with internet retail providers to determine which homes are in need of internet upgrades.

Homes being served by FTTC (fibre to the curb) might also receive these upgrades as the company has a similar expansion in the works, however the only ones eligible to receive these full fibre upgrades will be those who have ordered a 250Mbps or a 25MBps plan.

The nbn website will also receive an update later within the year, improving the functionality of their “Check Your Address” tool which can be used to help customers check their eligibility to transition from FTTN to FTTP. It is estimated that this update will be launched in November 2021.

For more information, visit the nbn website here. Follow their social media pages on Facebook, Instagram and Twitter for the latest updates and announcements concerning these new internet upgrades.

Redflow: Seventeen Mile Rocks Battery Maker Secures Biggest Sale in California

Redflow, a zinc-bromine battery maker based in Seventeen Mile Rocks, has secured its biggest sale yet and will supply energy storage to the leader in waste conversion, California’s Anaergia.

The deal will bring US$1.2 million to Redflow as it delivers the batteries that will help Anaergia reduce its energy use at its Rialto Bioenergy Facility in Los Angeles.

Once the batteries become operational, Anaergia’s facility will become the largest landfill-diverted organic waste digester facility in North America, where it will convert 700 tonnes of organic waste and 300 tonnes of biosolids as renewable gas and fertiliser every day.

According to Redflow CEO, Tim Harris, the zinc-bromine batteries have been designed to meet the demands required at Rialto Bioenergy Facility. Mr Harris said that these energy storage could thrive in heat and are primed for a heavy workload.

Anaergia’s Chief Operating Officer, Yaniv Scherson, said that Redflow’s batteries are “uniquely suited” to their site in Los Angeles.

Because of the deal, the Seventeen Mile Rocks manufacturer could establish its presence in the U.S., where it could expand and offer battery solutions to other energy markets. Renewable energy is expected to accelerate under the administration of President Joe Biden.

The timing of Redflow’s launch in America coincides with the decarbonisation target in California.

Intellidesign Generates New Jobs for Seventeen Mile Rocks

With funding worth over $300,000 from the Queensland Government, Seventeen Mile Rocks company Intellidesign is set to provide new local jobs in the electronics and manufacturing industry.

A grant of $306,280 was given to Intellidesign as part of the local government’s Made in Queensland (MiQ) program to help purchase advanced robotics assembly equipment. The program aims to assist small to medium manufacturers by supplying them with funding that can be used for research or for the acquisition of high-end technology.

Glenn Butcher, Minister of Manufacturing, states that programs such as MiQ encourage manufacturers to be more internationally competitive by adopting new methods and utilising new technology to create high-skilled jobs for the future.

The recent pandemic has put the Queensland manufacturing sector in the spotlight due to the important role it plays in helping the local economy recover.

Jess Pugh, Mt. Ommaney Labor Member, says that the introduction of new equipment brought about by MiQ is expected to bring in 10 new local jobs over five years, as well as the creation of new electronic devices fit for various markets.

Intellidesign’s CEO, Matt Bromwich, agrees by stating that the adoption of the latest robotics manufacturing equipment will play a vital role in improving the capacity, productivity, and the overall quality of their products. “It is essential we minimise outsourcing and continue to augment our manufacturing capability to attract new local and export opportunities.”

Exciting Annual Holi Festival of Colours Back for Year 4

India’s most widely celebrated festival is back for a fourth year in Seventeen Mile Rocks. The Holi Festival of Colours brings together people from all walks of life, beliefs and communities to unite in joy and to celebrate inclusiveness.

Happening on Saturday, the 29th of February 2020, Brisbane Holi 2020 is returning to the Rocks Riverside Park for an exciting night of music, performances, Bollywood dance battles, Matki phod competition, sports competitions, kids activities, heaps of Indian food, and colour — of course!

This event is primarily organised by the Indian Cultural and Sports Club Inc. but Australian and Asian communities are also welcome to join as part of Brisbane City Council’s month-long BrisAsia Festival this February.

Set from 12:00 p.m. to 6:00 p.m., the Holi Festival continues the tradition enjoyed by people of all ages. Throwing wonderful colours at each other for fun is the highlight of this festivity to foster camaraderie and build better ties with the community.

*Photo Credit: Ecutas Productions/Eventbrite*

Similar to past events, the Holi Festival is expected to welcome thousands of participants this year. Guests are encouraged to purchase their colours online and onsite as bringing their own is prohibited.

As the event slogan goes, “Let’s colour everyone equal!”

Check Eventbrite for the colours and ticket reservations. This is a no alcohol, zero tolerance event. For enquiries, phone 0449 700 428 or email paviter@ecutas.com.au.

17Rocks Chocolate Factory in Seventeen Mile Rocks to Open Every Saturday Beginning November

Did you know that there is a chocolate factory in Seventeen Mile Rocks that offers healthy delights filled with superfood ingredients? If you haven’t visited 17Rocks at 149 Bluestone Circuit on its regular trading hours during the weekday, you can finally drop in on a Saturday.

17Rocks recently announced that it will be adding another trading day just for your Christmas shopping convenience. Beginning the 2nd of Nov 2019, the factory will open from 10:00 a.m. to 2:00 p.m. every Saturday until Christmas.

So, if you’re planning to fill up your Christmas list with 17Rocks goodies, you could set a weekend trip to their store when you’re busy during the weekday.

The chocolate factory is barely a year old in Seventeen Mile Rocks, after having officially opened in March. 17Rocks is a family business that creates stone-ground chocolates using beans imported from Papua New Guinea.

“We roast our beans at a low temperature to minimise any chemical and physical changes, reducing the concentration of volatile acids (bitterness). We stone-grind the beans to release the cacao butter and create a delightful, smooth, rich and flavoursome chocolate.”

Their products, churned in small batches, are free of additives and preservatives. They use the natural flavours of whole fruits, nuts and spices like matcha, gingko and turmeric in their ingredients.

17Rocks also offer sugar-free and vegan chocolates.

“Our purest, healthiest chocolate is our 500BC bean to bar chocolates. Our 500BCs are inspired by the Maya people who are credited with developing the process of making pure chocolate, and in doing so, creating a world of chocolate lovers.”

After Christmas, the chocolate factory will revert to its regular trading hours from Monday to Friday at 9:00 a.m. to 5:00 p.m.

Join This Colourful Run at Seventeen Mile Rocks and Help Charleville Farming Community

Photo Credit: Australian Fundraising/Facebook

Want to do something fun yet worthwhile for the community? Call your family and friends and gather for the 4074 the Farmers Colour Explosion in Seventeen Mile Rocks this month.

Hosted by 4074 Community and Beyond in conjunction with Australian Fundraising, the colourful event will take place on the Rocks Riverside Park at 5 Counihan Road, Seventeen Mile Rocks on 28 April 2019 from 10:00 a.m. to 2:00 p.m.

The Colour Explosion is a traditional run with a fun and colourful twist. Participants will be drenched in non-toxic colour powder across seven colour powder stations.

There will be markets, food trucks and the sausage sizzle by the Rotary Jindalee, so come along, have fun, and raise funds for the community.

Ticket costs $15 for adults or participants who are 16 years old and above and only $10 for children, or participants ages 1-15.

Australian Fundraising has been helping groups raise funds since 1995 and has hosted big fun run events like the School Run 4 Fun and the Run 4 Fun Colour Explosion.

All of the proceeds will go to Rotary Charleville to help the Charleville farming community.

New South Wales and Queensland farmers are dealing with drought conditions and cannot produce enough food to feed the animals. Fundraising campaigns like this can help pay for the cost of keeping animals alive.

Since 2014, Rotary has helped rural western Queensland communities hit hard by the drought through the Rotary Drought Relief Program. Over $1M has been raised to date, in partnership with a variety of private, non-profit, and corporate sponsors.

Rotary’s program uses a ‘whole of community’ approach and is completely run by volunteers and does not incur any overhead or administrative expenses.

Latest Land Valuations Show Centenary Suburbs’ Median Land Value Increased

Land values in the Brisbane City Council area increased by 6.8 percent overall since the last valuation in 2017. This overall land value increase is also reflected on Centenary suburbs, notably Jindalee and Sinnamon Park, according to the latest land valuation report published by the State of Queensland.

The latest land valuations report shows median land value in Jindalee increased 20.7 percent to $350,000 and Sinnamon Park’s climbed 20 percent to $420,000. Other Centenary suburbs also recorded moderate median land value increase: Mount Ommaney – $590,000 (9.3%), Middle Park – $365,000 (10.6%), Jamboree Heights – $350,000 (9.4%), Westlake – $410,000 (5.1%), Riverhills – 305,000 (10.9%), Sumner – $255,000 (10.9%), and Seventeen Mile Rocks – $340,000 (9.7%).

Queensland property is showing continued signs of strength in some areas, according to the recently released Valuer-General’s 2019 Property Market Movement Report. Based on the economic indicators, Queensland Treasury advise “dwelling investment in Queensland is entering a ‘recovery phase.’” This follows a 4.8 percent decline in 2017-2018, Queensland’s Valuer-General Neil Bray said.

“While approvals and construction have declined, the substantial amount of work remaining in the pipeline indicates dwelling investment is headed for a ‘soft landing’ compared with previous housing cycles,” he said

A total of 18 local government areas, representing 1.03 million properties, received new valuations this year: Brisbane, Burdekin, Cairns, Etheridge, Gympie, Ipswich, Lockyer Valley, Logan, Longreach, Moreton Bay, Noosa, North Burnett, Redland, Somerset, South Burnett, Sunshine Coast, Weipa, and Western Downs.

Of the 18 local government areas that have been valued, 16 recorded an overall increase ranging between 4.9 (South Burnett) and 42.5 percent (Etheridge). There were nine LGAs with increases of 0-10 percent, five areas with increases of 10-20 percent, and two areas with more than 20 percent increases. Burdekin and Longreach, on the other hand, recorded overall decreases of 2.9 percent and 14.8 percent, respectively.

*Photo Credit: J Brew [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)] / Wikimedia Commons*

Majority of suburbs across Brisbane have recorded increase in residential land values, with most showing increases between five and 15 percent. Residential sector is the largest market sector in Brisbane, about 304,000 valuation. The median residential value has risen 7.1 percent as the overall median value increased to $455,000 from $425,000.

Thirty-seven residential suburbs remained unchanged, whilst 126 increased by up to 15 percent and 16 suburbs increased by more than 15 percent. Inner-city suburbs Woolloongabba (26.1%), Auchenflower (19.6%), Paddington (19.4%), and Milton (19.2%) have the largest median valuation increases.

The new valuations will become effective 30 June, however, landowners who have additional or new evidence to justify the need to alter the new valuations should provide such information through the online objections process via www.qld.gov.au/landvaluation or at the address shown at the top of their valuation notice, by 7 May 2019.