Tale of two cities: House hunters ditch Brisbane’s north for east side

first_imgThe Gold Coast has seen a drop-off in housing demand. Photo: Mark Kolbe/Getty Images.Real Estate Institute of Australia president Malcolm Gunning said vendors looking to sell in areas where demand had dropped would need to have more realistic price expectations.“This is a classic time in a changing market where vendor expectation is very different to buyer expectation,” Mr Gunning said.“Six months ago, buyers were often prepared to pay more than what sellers had as an asking price. Now, we have a more conservative purchaser.” Aerial images of suburban houses in Brisbane’s inner north.In Brisbane’s eastern suburbs, house prices have risen 6.5 per cent in just the past quarter, while in the north, they only rose 1 per cent.Realestate.com.au chief economist Nerida Conisbee said the drop in demand for houses in Brisbane’s north could be explained by a steady rise in prices there in recent years.“Typically when we see a drop in views per listing, it’s related to a lot of new development or the fact pricing is getting a bit too expensive and people back off,” Ms Conisbee said.“I think maybe that’s what’s been happening in the north.” SAM RILEY’S HOUSE FOR SALE REA Group chief economist Nerida Conisbee.Ms Conisbee said it was interesting to see demand for apartments in inner Brisbane was up 10 per cent, given the concerns around oversupply.“I think people are looking potentially for bargains and perhaps seeing opportunity in the market,” she said.“We’re also seeing a strong pick-up in overseas interest in Brisbane apartments, so I think a lot of the commentary around discounting is starting to rev up interest.” Outside of Brisbane, demand for houses in Ipswich rose more than 14 per cent in the past year, while interest in units was also strong with a 7.7 per cent increase. V8 SUPERCAR DRIVER LISTS LUXURY HOME An heritage home in Ipswich, where demand for houses has jumped.“We’re seeing quite a bit of upswing in Ipswich,” Ms Conisbee said. “It’s still possible to get something under $300,000, so I think the fact pricing is so good is attracting a lot of interest.”Househunters are also flocking to Toowoomba, which reported a 12.1 per cent increase in demand for houses in the past year.But demand for both houses and units has dropped on the Gold Coast, which Ms Conisbee attributed to a post Commonwealth Games lull and a drop-off in investor demand. WESTPAC PREDICTS TOUGH TWO YEARS center_img More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoReal Estate Institute of Australia president Malcolm Gunning.The data comes as Brisbane continues to defy a softening in home values, despite falls in the larger capital cities, the latest figures from property researcher CoreLogic reveal.The official end-of-month results are released today, but for the first 29 days of May, Brisbane home values rose 0.1 per cent.Year-to-date, they are holding steady.The month-to-date index shows Melbourne values are down half a per cent, while the Sydney market is down 0.2 per cent so far this month.CoreLogic head of research Tim Lawless said Brisbane was outperforming the larger capital cities because its home values were not falling, even though they were not growing much.“Brisbane on paper is looking like a very good market,” Mr Lawless said.“It’s affordable, has high yields and is seeing strong population growth. It just hasn’t seen a kickstart in property values.”DEMAND FOR HOUSES IN QLDBrisbane — East 22.1% Brisbane — North -1.9% Brisbane — South 4.1%Brisbane — West 3%Brisbane Inner City 11%Gold Coast -0.1%Ipswich 14.6%Logan — Beaudesert -3.4%Moreton Bay — North 2%Moreton Bay — South 7.3%Toowoomba 12.1%(Source: Realestate.com.au, based on property views per listing between April 30, 2017 and April 30, 2018)DEMAND FOR UNITS IN QLDBrisbane — East 1.7%Brisbane — North 7.3%Brisbane — South 3.4%Brisbane — West 4.1%Brisbane Inner City 10%Gold Coast -8.2%Ipswich 7.7%Logan — Beaudesert -13%Moreton Bay — North 6.2%Moreton Bay — South 12.2%Toowoomba -10.8%(Source: Realestate.com.au, based on property views per listing between April 30, 2017 and April 30, 2018) Demand for houses in Brisbane has become a tale of two cities.THE territorial divide between Brisbane’s north and south is widening, with new figures revealing house hunters are ditching one side of the river for the other in droves.Demand for houses in Brisbane’s east has jumped more than 22 per cent in the past 12 months, but only a few kilometres away on the northside, the appetite for houses has dropped nearly 2 per cent. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE New research from realestate.com.au paints a tale of two cities within the Queensland capital, with parts of the city a clear seller’s market and other parts providing an opportunity for buyers to grab a bargain.last_img read more

New townhouses keep with style and character of suburb

first_img48 Monmouth St, Morningside has just hit the market. Photo: Supplied A luxe development at Morningside in Brisbane’s east is perfect for buyers seeking both plenty of space and luxury.Each townhouse is over four levels with individual lifts and private rooftops with prime city views. Developer Justin O’Donnell, of JSO Development, said the demographic for this type of dwelling ranged from buyers in their mid 30s, who want the lifestyle, through to retirees who love the idea of their own lift. Before building the six townhouses, Mr O’Donnell purchased the site from Glenda Spranklin, who was the only owner of the property. “She built the house in the late 1940s. The house was in no condition to be kept so demolishing it was the only path forward,” Mr O’Donnell said.“We feel we have done a fantastic job in keeping with the character and style of the local area. “ 48 Monmouth St, Morningside. Photo: Supplied Mr O’Donnell said there were two reasons why he built on the site.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours ago“I built the house next door and always chatted with Glenda the neighbour,” he said.“When she decided to go into a nursing home I told her I’d love to build on it. The other reason is that it’s a great spot; only minutes’ walk to cafes, restaurants and one of the last remaining butchers in the entire area.” Mr O’Donnell said: “Each home is huge, but in keeping to the character, we created the Queenslander theme, with different angles to make it feel smaller from the front, so we didn’t ostracise the location.“We didn’t want it to feel like a beast from the front, even though they are very large.“We did the lifts because of the height and the four storeys, to make it easy to access every level.“The interior offers a soft feel. Every level is concrete, so there’s no noise transparency. The soft palate gives it a contemporary, Hamptons-style feel.” Inside 48 Monmouth St, Morningside. Photo: Supplied center_img There’s lots of space to enjoy at 48 Monmouth St, Morningside.The homes are low maintenance, including the use of artificial turf, Mr O’Donnell said.Place Bulimba selling agent Matthew Hackett said one of the many drawcards to the development was that people loved to be able to walk to the nearby park, shops and have public transport options close by. He said it also offered easy access to residents heading to the north and south coasts.last_img read more

Gordon Park auction of a 95-year-old time capsule

first_imgThe view from the back window of 122 Beaconsfield Terrace, Gordon Park.“It has the potential once renovated to be one of the best properties in Gordon Park. The views are very unlikely to be built out.“The owner is very much hoping that whoever buys the house does it justice and knows that it needs a lot of work.“It’s going to be a big project.” The kitchen as it looks today.Helen and her brother grew up in the house, and she shared a bedroom with her grandma, Maude Alyward.The 810sq m block is across two lots on the ridge of Beaconsfield Terrace with city views.“It’s a very large yard, we had chooks and my brother had a pigeon coop down the back,” she said. A crowd of 60 stood outside 122 Beaconsfield Terrace to see Saturday’s auction.“Locals love the area and they always want to know what’s going on in the area,” Mr Cowan said.Bidding kicked off at $800,000 with five registered bidders but then paused at $925,000 when a sixth bidder arriving mid auction.“They didn’t end up bidding at all,” he said.Four bidders were active through the 20-minute auction, with owner-occupiers and builders among the mix.The winning bidders were local to the area.The pre-war home, built in 1924, had some unique features including a handmade granite footpath, made with the same Camp Mountain granite used in the foundations of Brisbane City Hall.The path was laid by Helen Edwards’ grandfather. Inside the most expensive house for sale in the US FOLLOW US ON FACEBOOK There’s weatherboards under the stucco, pine floors under the carpets, and VJs behind the masonite at 122 Beaconsfield Terrace, Gordon Park.“This old girl, she’s just dying to show you what’s under her petticoat, and you know what, buy her a new dress and she just might be the belle of the ball,” Mr Cowan said in the property listing. Home renovating beats Netflixcenter_img The front entrance as it looks now and back in the 1930s.More from newsNoosa unit prices hit new record high as region booms: REIQ12 hours agoParks and wildlife the new lust-haves post coronavirus12 hours agoWhen he passed away, Mrs Edwards’ grandmother passed the property to her youngest daughter’s children.“World War One had just finished and the men were going off to war and dying so the women of that generation were very concerned for what would happen to the girls,” current owner Helen Edwards said. The backyard, where chooks used to roam free.The house has three bedrooms and a sleep-out with a separate large living room, a kitchen and dining room.Downstairs has the laundry, storage area and a workshop, and the back carport has a shed attached.In recent years, Mrs Edwards son has lived in the house.“It’s time,” she said of the decision to sell the family home.“It needs a lot of work.”Mr Cowan said around 30 local groups had inspected the property, some returning two or three times. “This is an opportunity to renovate and make it a beautiful home on the ridge line,” he said. Helen Edwards’ grandma Maude Alyward (on the porch), her mum Ethyl (left) and aunties outside 122 Beaconsfield Terrace, Gordon Park in the 1930s. Picture: Supplied.AN original condition pre-war house at Gordon Park that had been in the one family for 95 years, secured the third highest price for an 810sq m block on Beaconsfield Terrace when it sold on Saturday for $980,000. MORE REAL ESTATE STORIES The large 810sq m block sits on two lots.Many of the original features at 122 Beaconsfield Terrace, Gordon Park are now hidden under a few decades of updates but Ray White Alderley director Andrew Cowan said restoring them would be a renovator’s dream come true.last_img read more

Five of the best waterfront properties in FNQ

first_imgTHIS represents a rare opportunity to secure 2979m2 of beachfront land with uninterrupted views towards Double Island and Haycock Island in one of the most sought-after locations on the Queensland coast. The peaceful natural setting of this property offers escape from the rat race, while enjoying the convenience of being only a few minutes’ drive from Clifton Beach Village Shopping Centre and a few minutes more provides an excellent choice of dining, entertainment and accommodation choices at Palm Cove. 29 Arlington Esp Clifton Beach RARE FNQ FIND 30-34 Batt St, Clifton Beach3 bedrooms | 2 bathrooms | 1 garage Contact: Roz Tedge, 0424 653 717 More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago120 Vasey Esplanade, Trinity Beach5 bedrooms | 6 bathrooms | 2 garages Price: Guide$6 million Contact: Abercomby’s, Jock Langley, 0419 530 008 Beachfront retreat. Just like a resort. FIVE BEDROOM LUXURY ON 109.2ha of mostly cleared pastures this home is bordered by the beachfront reserve and is only a few minutes to the local store and social hub. There is a stunning 450-plus square metre contemporary homestead, a manager’s cottage, 10-bay machinery shed and five guest cottages. It is connected to town water and power, and is also hardwired with a backup electricity supply. This property has opportunity for development but makes for a magnificent beachfront retreat. 1595 Bramston Beach Rd, Bramston Beach4 bedrooms | 3 bathrooms | 3 bedrooms Price: Buyers above $2,000,000 Contact: LJ Hooker Cairns Marlin Coast, Michael Skuse THIS spectacular property sits on 3298m2 of flat, full beachfront land. The house has two main living wings — the northern wing is tailored mainly for the residents of the home and the southern is perfect for guests and offers complete privacy with three further bedrooms. There is an internal heated pool with spa, a gym, games room and theatre room as well as private entrance to the office quarter. Glimpse the ocean from Batt St. SECLUDED RURAL LUXURY PALATIAL PROPERTYcenter_img Expressions of interest are currently open for the beachside estate at 120 Vasey Esplanade, Trinity Point. Supplied Trinity Beach palace. Tasteful and bright inside. The quaint fishing village of Bramston Beach has been hiding one of the region’s most-expensive properties – 1595 Bramston Beach Rd. 46-48 Kewarra St Kewarra Beach ON the southern end of Clifton Beach, this home comes with its own elevator. Yes, elevator. Which you can take downstairs to a fully self-contained lower level, two-bedroom, one- bathroom unit with a living room, a full kitchen and an enclosed balcony. Perfect for holiday letting, extended or large family, or even the teenager that wants to escape. And, there are views of Double Island from all corners of the expansive undercover entertaining area and saltwater pool and spa. OTHERWISE known as Trinity Beach Palace, the property is more resort than home. The five-bedroom, six-bathroom mansion fronts right onto the northernmost end of the popular beach and has beautifully manicured, open lawns, a swimming pool with Balinese-style thatched pagoda, a golf driving range, gym, reverse-cycle airconditioning, two street frontages and plenty of room for cars and boats. 46-48 Kewarra St, Kewarra Beach7 bedrooms | 7 bathrooms | 8 garages Contact: Elite Real Estate Services, Shira David Stern, 0428 807 757 MAIN MANSION 29 Arlington Esplanade, Clifton Beach5 bedrooms | 3 bathrooms | 5 garages Price: $1,950,000 Contact: LJ Hooker Trinity Beach, Craig Gillard, 0410 553 557 30-34 Batt St Clifton Beach Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:03Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:03 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhat is a sister suburb? 02:03THERE is nothing quite like being able to amble from your bedroom, via the kitchen for a quick coffee and out onto golden sand and into the azure waters of the Coral Sea. Most reserve such luxury for holiday time but in Far North Queensland, there are a number of homes which can afford buyers that recreational lifestyle feel every day for a fraction of the price of properties elsewhere in the country.last_img read more

Three out of top 10 investors hot spots in Queensland: new report

first_imgOver $20 billion in infrastructure projects and private investment has either been completed, is under construction or in the pipeline, and with the Sunshine Coast International Airport expected to be completed next year, that growth is expected to power on. Sunshine Coast Airport masterplan.The submarine cable connection to Asia and its “robust economy” is also expected to bolster the powerhouse region, according to the report.Andrew Walker, 27, and his partner, Taize Taylor, 25, bought their first home within the Harmony estate at Palmview, which is being developed by AVID Property Group.Mr Walker said he had been lucky to enjoy some successes in his career, but acknowledged that they had to make sacrifices to get a leg up on the property ladder.“I chose here because of its accessibility to the Sunshine Coast and Brisbane,” he said. “It is places like Harmony that are bringing affordable housing options to the region, and allowing people to get in to their first home. “We spend all of our spare time at the beach … it is all about living where you would want to holiday.”But the Sunny Coast was not the only Queensland region to get a gong, with the Moreton Bay region and Mackay also making the top 10 list.In terms of Moreton Bay, the report said the region is one of Australia’s highest-growth local government areas, and was being “spurred by high levels of infrastructure spending and attractive housing affordability”. “This is attracting interstate migrants, first-home buyers and investors to the area, driving strong demand for housing,” the report said.Its proximity to the Brisbane CBD and Sunshine Coast, and therefore employment nodes, plus its many lifestyle attractions, was also proving attractive to buyers and investors. Tangalooma on Moreton Island is a popular destination for tourists“With ample land suitable for development, combined with recent changes to rezoning laws, the number of applications for residential estates has increased in the last 12 months,” according to the report. “These are accompanied by construction of the $2 billion North East Business Park and a new university campus, which are creating new employment in the area.“This region has been identified by the State Government as a Principal Regional Activity Centre for major growth in the Brisbane area, an encouraging factor for the LGA’s long-term economic prospects.“Moreton Bay has numerous suburbs with rising demand, based on Hotspotting’s quarterly surveys of sales activity — and price growth in the area is well above Brisbane averages.” University of the Sunshine Coast at Petrie. Artist’s impression.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoFor Mackay, the property market is also looking up after the mining downturn.The report said falling unemployment, rising tourist numbers, an increasing number of large construction projects and the introduction of the Qantas Pilot Training Academy had renewed confidence in the local economy, leading to a reduction in real estate vacancies and a return to growth in prices and rentals. The Mackay economy is diversifying beyond resources.“The previous boom in Mackay was heavily driven by mining. This time around, the local economy is carefully gathering impetus on a diversity of industries, not just coal mining,” the report said.“Construction, logistics, agribusiness and tourism are all contributing and providing employment opportunities.”It said the popularity of the nearby Whitsundays, and the region’s housing affordability and job opportunities made the Mackay region “worthy of consideration by investors and first-home buyers”. Aerial view of Airlie Beach, about 150km from MackayOther locations to make the top 10 were the City of Marion (South Australia), Bendigo (Victoria), City of Stirling (Western Australia), Darebin LGA (Victoria), City of Port Adelaide Enfield (South Australia), Joondalup (Western Australia) and the Latrobe Valley (Victoria).Returning to the Sunshine Coast, the report said house price growth was “strong” and the unit market was also performing well. “After a 10-year hiatus, the Noosa property market is making a strong comeback with investors from Sydney and Melbourne showing renewed interest,” the report said.“Population forecasts revised in March 2019 indicate population growth is accelerating.“The Sunshine Coast’s fortunes have improved markedly since 2014 — and continue to thrive.”For investors, the report recommended the southern precinct of the Sunshine Coast in particular, namely Maroochydore south to Caloundra.It also singled out the “Kawana precinct”.For Moreton Bay, the report said the region as a whole “generally presents an attractive package for investors: affordable prices, low vacancies and high rental yields”. Brisbane property’s time to shine Region now a millionaire magnet Tough life – Surfer at Noosa Main Beach. Photo Lachie MillardThe Hotspotting report says that the Sunshine Coast has become the strongest property market in Queensland, and has been boosted by its strengthening economy and major infrastructure spending.“Few factors generate property price growth like major new infrastructure spending, which generates jobs, economic activity and improved amenity for residents,” the report said.“In the last five years, 20,000 jobs have been created on the Sunshine Coast, bringing new residents to the area, and this process is set to continue.” Hotspotting property analyst Terry Ryder. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:38Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:38 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhat does property demand mean?01:38A NEW report has named the top 10 spots for investors to buy right now, and three of those hot spots are right here in Queensland.The Sunshine Coast was gifted pole position in the report, Investor Opportunities as Real Estate Rebounds, which was released by Ryder Property Research today. MORE NEWS: Number of houses sold for profit set to riselast_img read more

Buyers missing out despite lowest rates in history

first_imgBuyers who did not have financing in place before approaching a property were missing out in the current market.The latest Big Four bank survey has pinged a sharp ‘uptrend’ in housing, but despite the lowest interest rates in history, some buyers are missing out even when they can afford it.The latest Commonwealth Bank of Australia Household Spending Intentions readings, out Tuesday, found that the positive effects of lower interest rates, tax rebates and the turn in the housing market in August were surrendered in September. Investors turning homes into student accommodation Buyers who were not prepared with their funding risked missing out on homes like 32 Princess St, Bulimba.“Houses are really strong in the area at the moment and apartments are performing better than they were this time last year. We’re seeing a lot of interest from buyers when properties hit the market between $800,000 and $1,000,000.”Mr Given, who marketed the home with Tanya Douglas and Tomas Mian of LJ Hooker AVNU, said a local won the home after negotiations on auction day. CBA’s Household Spending Intentions (HSI), October 2019. Source: CBA/Supplied.“The sharp uptrend in home buying intentions continues. The improvement in home buying intentions since the April lows has put the HSI (household spending intentions) at the upper end of the historical range. Dwelling prices are responding. A positive “wealth effect” is one outcome.” MORE: Top 10 suburbs predicted to boom Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:42Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:42 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenTop 5 hot Brisbane suburbs 01:43 Brisbane rents rising faster than other mainland capitals Comparethemarket.com.au banking head Rod Attrill said it was concerning to see how many Aussies were not confident enough about everyday financial products.“With many Australians admitting they aren’t on the best deal — and a significant proportion realising that there are better products out there — we urge Australians to shop around and compare financial products so that they better understand the value they are getting and slowly build up their confidence in the products they own.”More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agocenter_img The five bedroom, four bathroom, double car park home had 50 parties through during inspections.Three bidders had registered but only one put in a bid at $1.75m, and then negotiated up to $2.085m when it was put on the market and sold to her.“There has been more confidence in the past two weeks since the last interest rate drop,” Mr Given said. FOLLOW SOPHIE FOSTER ON FACEBOOK Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:36Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:36 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhat do QLD buyers want?00:36 32 Princess Street, Bulimba, sold for $2.085m after negotiations on auction day.Ray White New Farm agent Nicholas Given, whose most recent sales include 32 Princess Street, Bulimba, for $2.085million, said with demand growing in certain segments of the market, buyers who were unprepared were missing out.“There were lots of people desperate to buy this home but didn’t have their finances in place so I can’t stress enough how important it is to talk to a broker and be in a position to bid on auction day,” he said. “Our view for some time now is that monetary policy changes do little to support household activity. Fiscal policy via tax cuts / rebates is more effective in dealing with the root cause of weak consumer spending — the lack of disposable income,” CBA chief economist Michael Blythe said.But he said “the one area where rate cuts still work is the housing market”. The most lavish listings on Millionaires’ Row CBA HSI: Home buying annual percentage change (HSI — blue line, smoothed — pink). Source: CBA/Supplied.The second annual Financial Consciousness Index, commissioned by product comparison firm Comparethemarket.com.au and developed by Deloitte Access Economics, found 58 per cent of buyers were not confident they were getting the best deal on their home loan — up four points from last year.One in five “never look at other home loans on the market, up four per cent from last year”, the FCI report said, while 30 per cent reconsidered their position once a year — a figure which has dropped 2 percentage points in a year.last_img read more

Why this Gold Coast mansion has the wow factor

first_img Welcome home.Entertaining and relaxation are equally as easy. “We have hosted large parties here and it’s also a very easy home to live in,” she said.“We sit with a glass of wine and watch the boats go by and enjoy the beautiful sunsets.”Agents Michael Kollosche, Josh Longhitano and Nick Lapenna of real estate agency Kollosche are marketing the property. 94 Admiralty Drive, Paradise Waters is on the market at $7.95 million. The kitchen, dining and living areas. Why these owners love that their Gold Coast home is not the norm River views from every room. MORE NEWS: 10,000 more chances for buyers to get into first home sooner The pool area is jaw-dropping with plenty of space to entertain.Two glass-roofed riverside pavilions flank the infinity-edge pool with views which stretch across the river to The Southport School and beyond to the lush Hinterland. The house features a kitchen with marble accents and Miele appliances as well as multiple living and dining zones, a home office and the two master suites.“We were delighted with the Jared Poole design – everything is top of the range,” Ms Rayner said.“It’s so cool in summer and warm in winter thanks to the concrete slab construction. And you don’t hear any noise from one floor to the next as well.”More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago 94 Admiralty Drive, Paradise Waters overlooks wide water. The property at 94 Admiralty Drive is on the market at $7.95 million.Luxury finishes and vast expanses of glass feature throughout the four-bedroom residence, allowing natural light to filter in. Attention to detail is evident throughout the house with limestone floors, bespoke cabinetry and pendants.But it’s the pool area overlooking the riverfront which takes the property to new heights. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:31Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:31 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenIs it a good time to list?02:31AS soon as Wendy and Alister Rayner stepped inside this luxury sanctuary in Paradise Waters on the Gold Coast, they knew it had to be theirs.“We were blown away by the instant wide water views it greeted us with,” Ms Rayner said.“It’s positioned on one of the widest stretches of main river on the Gold Coast too and that makes it so private, which we also loved. “We don’t have any neighbours looking in or across on us here.”last_img read more

Giant skate bowl home sold for millions

first_img Ex Billabong head’s controversial mansion sells for record price Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Justyn Wood and Susan Chenoweth sold their luxury home in Hamilton that has a skate bowl in the middle of a living room. Picture: Adam HeadThe epic Brisbane home that went viral because of its giant skate bowl in the living room has sold – and you’ll never guess what the new owners plan to do with it.Industry sources say the property fetched close to its advertised listing price that was looking for offers over $2.375m. MORE: Where house prices fell most amid COVID-19center_img Riley Wood, 11, will have to say goodbye to the skate bowl now that his father, Justyn Wood, has sold the home. Picture: Adam Head.Despite the home’s unique selling point, skaters will be devastated to hear the property ended up selling to a local family with little interest in the actual skate bowl itself.Selling agent Drew Davies of Place Estate Agents had been swamped with enquiries for the house, including from professional skateboarders around the world.“They purchased it because they think that pocket of Hamilton … is so quiet, so peaceful —and the size of the block and home,” Mr Davies said.“The might keep it (the skate bowl), they might not.” The multistorey family home is located at 32 Joynt Street in Hamilton.Mr Davies said the home attracted multiple offers and interest from Olympic skateboarders, a local coffee entrepreneur and young dads keen to live out their teenage dreams.“There was far more interest than expected from people who actually wanted it for the skate bowl,” he said.The three-level house at 32 Joynt St, Hamilton, has been one of Australia’s most popular properties on realestate.com.au because of the custom-made skate bowl next to the downstairs kitchen.The house was built by former owner Robert Lewers, who founded many of Brisbane’s skate parks. The unique home has a classic facade. Inside the home has a timeless feel.More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoThe previous owner, Justyn Wood, said the skate bowl was one of the reasons he bought the house seven years ago.“I’ve got two boys and I could just see that they would love having it,” Mr Wood said. “It takes up a fair bit of the basement level and it’s a real fun zone for kids. “It’s soundproof from the rest of the house so they can make all the noise they want down there.” The skate bowl in the basement level is soundproof so entertaining in other parts of the home is not an issue while the kids are having fun skating.American professional skateboarder Tom Schaar even used in it when he last toured Australia.Aside from the skate bowl, there is plenty to keep regular homeowners happy, including a parents’ retreat, indoor/outdoor entertaining space and walk-in wardrobes.There are also six bedrooms, three bathrooms, two carparking spaces and the property is situated just four kilometres from the CBD of Brisbane.Families can use the entire basement level as a ‘kids’ area’, as it features a spacious bedroom with built in robe, ensuite and kitchenette all with direct access to the patio and pool. Record $6.6 million sale for Gold Coast mansionlast_img read more

Peter Madsen Rederi Wraps Up Arkona OWF Boulder Clearance

first_imgDanish marine contractor, Peter Madsen Rederi, has completed the removal of boulders at the Arkona offshore wind farm in the German Baltic. Working directly for the wind farm developer Arkona-Windpark-Entwicklungs GmbH (AWE), owned by E.ON and Statoil, Peter Madsen Rederi (PMR) was awarded the contract last year.The task was to remove boulders from the turbine positions and some of the cable routes prior to installation of the wind turbine foundations, which is due to start later this year.Apart from the actual boulder removal, PMR provided high resolution multi beam surveys before and after the clearance as well as Blueview sonar scanning.PMR used its own vessel M/V Aase Madsen for the project, which was handled out of the ports of Sassnitz in Germany and Rønne on the island of Bornholm.The boulders at Arkona were all removed underwater without visual identification using PMR’s positioning and survey equipment in combination with the vessel’s crane and boulder grab.last_img read more

Marine Scientists Spot Deepest Cold-Water Corals Off Ireland

first_imgA team of scientists have discovered the deepest known occurrence of a cold water coral reef known as Solenosmilia variabilis in Irish waters at depths of 1600 metres as part of a multiagency and university collaboration using video mapping with the Marine Institute’s remotely operated vehicle ROV Holland I.The marine scientists led by the Marine Institute with the National Parks and Wildlife Services, travelled over 1000 nautical miles over three weeks along Ireland’s Porcupine Bank and continental slope collecting HD video, sample cores and biological specimens along the shelf edge from 50 locations. The SeaRover survey was carried out on the Commissioner of Irish Lights vessel ILV Granuaile gathering data for marine planning, habitat protection and measuring the effects of climate change.“Some of the reef ecosystems and habitats we discovered have never been seen before and discovering S. variabilis at depths greater than 1600 m helps us establish a better understanding of the environmental conditions necessary for this species to thrive,” explains Chief Scientist David O’Sullivan, INFOMAR, at the Marine Institute. “The deep-sea coral S. variabilis is widespread, normally seen at depths between 1000 to 1300 m on seamounts or rocky areas deep under the sea but only occasionally forms reefs. Its growth rate is very slow approximately one mm per year, so finding the reef structure, which is part of a fragile ecosystem thousands of years old, in deeper parts of the ocean is an important find for marine science.”Sea pens, which visually look like a cross between a feather, a starfish and a fern are actually a form of soft coral were also found in the extreme deep sea environment. They sprout polyps from a stem-like centre. “With over 300 species currently known around the world they come in a variety of shaNew expedition finds deepest ever Irish coralspes, sizes and colours — we have seen a wide variety of forms on this survey and can only give species names to very few as many are likely to be new to science and have yet to be described,” explained Dr Yvonne Leahy, National Parks and Wildlife Service. “There are undoubtedly many more unidentified species out there and we ourselves have observed some specimens that require closer examination to properly identify.”The team used the Marine Institutes’ Holland 1 ROV to map the distribution and extent of deep water reefs and associated habitats, as well as using high-resolution bathymetric maps produced under the national seabed mapping programme, INFOMAR, a joint Geological Survey of Ireland -Marine Institute initiative. The bathymetric data which shows the depths of the ocean has been key in identifying specific seabed features such as submarine canyons, escarpments and mounds where reef habitats are likely to occur.The SEA-Rover survey (Sensitive Ecosystem Assessment and ROV Exploration of Reef Habitat Survey) is jointly funded by the Irish Government and the EU through the European Maritime Fisheries Fund and National Parks and Wildlife Service to undertake further mapping surveys of offshore reefs with the aim of to evaluate status and review requirements for conservation and management measures consistent with the Habitats Directive. The project is co-managed by the INFOMAR programme and Fisheries Science and Ecosystem Services at the Marine Institute and National Parks and Wildlife Service. While the project objectives are primarily policy driven, the collection of data and scientific benefit will also be of immense benefit to the national and international research community.The ROV robotic arms were also used to collect biological specimens for NUI Galway’s SFI funded project ‘Exploiting and Conserving Deep Sea Genetic Resources’ and will also give new information on where sensitive species are found to help research at University of Plymouth’s Deep Sea Conservation Unit to predict where high value ecological areas might be found offshore Ireland and the wider North East Atlantic.“The biological samples will help us understand the connectivity of different cold-water coral reef habitats, which will ultimately help with their future management,” said on board senior scientist Dr Kerry Howell from Plymouth University Deep Sea Conservation Unit.Source: The Marine Institutelast_img read more