Most people have at some point dreamt of moving to a beachside home on a sub-tropical island, putting their feet up in a hammock and living the good life.
But chances are that dream house wasn’t a one-bedroom shipping container that is tipped to fetch more than a million dollars when it goes to auction.
However, that is the asking price for a converted container house at Point Lookout on Queensland’s North Stradbroke Island.
Even given the picture perfect location, paying well over a million dollars for a converted shipping container is proof positive that Australia’s real estate market is on fire and showing no signs of being put out any time soon.
But if you have the money, fancy a laidback island lifestyle and don’t mind living in what was once an actual shipping container, then all this can be yours for the expected selling price of $1.2million.
A tiny, but carefully designed former shipping container (pictured) is set to fetch well over a million dollars at auction
The petite residence features a kitchen, bedroom, bathroom and what real estate agents love to call ‘ample entertainment space’ on a property roughly the size of a tennis court.
Located 30km from the state capital Brisbane, it has been used as a holiday home until now and is for sale fully furnished.
And don’t worry about the lack of bedrooms. If you have $1.2million to spare on a shipping container, you’ll probably have enough cash to also expand on what’s already there.
HOUSE PRICES SURGES IN AUSTRALIA
SYDNEY: Up 30.4 per cent to $1,333,767
MELBOURNE: Up 19.5 per cent to $972,659
BRISBBANE: Up 24.8 per cent to $731,392
ADELAIDE: Up 22.5 per cent to $591,558
PERTH: Up 16.7 per cent to $550,044
HOBART: Up 27.2 per cent $726,955
DARWIN: Up 17.1 per cent to $567,056
CANBERRA: Up 29 per cent to $985,040
Source: CoreLogic data in median house price increases in the year to October 2021
The home is being sold with council approved plans for additions to make it into a four bedroom, two bathroom, two lounge room home.
Chris Ransley of real estate agent Ray White Stradbroke Island told Channel Nine it’s the perfect property for experiencing the North Stradbroke Island lifestyle, and it’s attracting potential buyers looking for a change of pace.
‘It’s a modern contemporary Straddie Beach shack, just without the maintenance,’ he said.
‘Shipping container, bit of an add on. High ceilings, nicely dressed, fully insulated as you can imagine and all the bells and whistles.’
The tiny but carefully designed property is close to Point Lookout town and just five minutes’ walk to the beach.
‘There’s no traffic, no road noise. You feel like you’ve got the place to yourself,’ Mr Ransley said.
Though it is (currently) very small, the house places an emphasis on the indoor-outdoor living style that south east Queensland embraces with a passion.
It is set in the middle of a 350sqm block, much of which is flat, making it a good location for people who have a boat or jetski.
Mr Ransley said many buyers are looking to give up their city for the island, with the Covid-19 pandemic meaning that working from home has now become normalised.
‘A lot of owners are moving over now, setting up the zoom room and hitting the Brisbane office when they need to,’ he said.
‘The emphasis really is on indoor and outdoor living, you open up [the front door] and the place really opens up to the wildlife outside,’ Mr Ransley said.
The house, seen here, on Point Lookout, North Stradbroke Island, is close to the beach and features high ceilings throughout
The house places an emphasis on the indoor-outdoor living style that south-east Queensland embraces with a passion
‘The owners have really taken care with what they’ve done.’
The latest CoreLogic data shows that property prices are skyrocketing across the country.
Sydney’s median house price surging by 30.4 per cent in the year to October to an even more unaffordable $1.334million.
Canberra’s mid-point house price soared by 29 per cent to $985,040, which saw the national capital overtake Melbourne to become Australia’s second most expensive capital city market.
Melbourne had the most subdued increase of Australia’s east coast capitals, but house prices still rose by 19.5 per cent to $972,659.
The petite Point Lookout home (pictured) is being sold with council approved plans for much bigger expansion
Brisbane’s median house prices went up 24.8 per cent to $731,392 as Hobart values soared 27.2 per cent to $726,955.
Adelaide house prices increased by 22.5 per cent to $591,558 while Perth prices were up 16.7 per cent to $550,044.
CoreLogic research director Tim Lawless said younger Australians were increasingly turned off by the rising prices, with the national annual growth level of 21.6 per cent vastly outpacing the minuscule 1.7 per cent increase in wages.
‘Housing prices continue to outpace wages by a ratio of about 12:1,’ he said.
‘This is one of the reasons why first home buyers are becoming progressively smaller component of housing demand.’
An aerial view of beautiful North Stadbroke Island, where a converted shipping container is expected to fetch more than a million dollars