Month: September 2020 Page 1 of 22

Dutch industry schemes combine DC accrual with collective benefits

first_imgNon-mandatory industry pension funds in the Netherlands are anticipating pensions reform by developing plans comprising individual defined contribution (DC) accrual combined with a collective approach to benefit payouts.Schemes including PNO Media, multi-sector pension fund PGB, and care insurers’ scheme SBZ said they were aiming for such plans, which resemble the concept favoured by the Dutch government.The €5.9bn PNO Media scheme said it had introduced such an arrangement last month, while the €5.4bn SBZ fund was still fleshing out a combination of DC and defined benefit (DB) arrangements.PGB – which runs €25.2bn – has already introduced an individual lifecycle approach to accrual for 7,000 savers in the marine fisheries and horticulture sectors, and wants to extend this plan next year. Individual pensions accrual combined with lifecycle investment is not affected by Dutch regulations regarding coverage ratios or discount rates.All three pension funds cited their approach as a way of “getting in lane” for the expected pensions reform. Negotiations on system reform were due to restart today, with a focus on the state pension retirement age. “Although I don’t know how the reform discussions will pan out, I do know that our scheme has become much more flexible,” said Nelly Altenburg, chair of PNO Media.The non-mandatory sector schemes said employers in particular had demanded this kind of arrangement. In contrast to traditional plans that base pensions accrual on the average salary, the new model offers employers a better grip on the contribution level.All three pension funds want to attract more employers by offering a DC plan.According to PNO Media, which developed its scheme in partnership with Kempen Capital Management, such a plan was a good way to get in touch with sponsors.“We want to become attractive to the many companies in the creative sector that haven’t joined a pension fund yet,” Altenburg said.Individual to collectiveThe ways in which pension funds switch from individual accrual to collective benefits differ. PNO Media reduces the equity allocation in the lifecycle fund to match the level of its DB scheme. At retirement date, members buy into its benefits scheme and receive fixed, life-long benefits with the possibility of inflation compensation.SBZ plans to establish a separate benefits fund. Its Collective Variable Pension (CVP) resembles the concept of the DC scheme pioneered by Shell Netherlands.The CVP will pay out a variable pension, which limits volatility in returns by spreading them over several years.PGB’s participants in its DC plan move to its DB scheme 10 years ahead of retirement in a 10-step process designed to limit the transfer risk.It said it also wanted to offer its participants the option of variable benefits next year.last_img read more

​Industriens reshapes largest bond mandate into €1.2bn ESG fund

first_imgDanish labour-market pension fund Industriens Pension has reworked its largest bond mandate, a DKK8.9bn (€1.2bn) global fixed income investment grade portfolio managed by PIMCO, turning it into a sustainable bond fund with more than a tenth of assets in green bonds.The DKK174bn pension fund said that after discussions with the US bonds giant about how the existing mandate could been given an ESG profile, the money is now being transferred into a new tailored global investment grade bond portfolio.The new investment mandate is built on bonds from companies that make a special contribution to one or more of the UN’s 17 sustainable development goals, the pension fund said.Anders Ellegaard, bond manager at Industriens Pension, said: “Sustainability and solid, long-term returns often go together very well if the investments are handled by a skilled manager.” Industriens Pension, which caters for Denmark’s industrial sector, said CO2 emissions related to the portfolio managed by Allianz subsidiary PIMCO would only be around 50% of those associated with the mandate’s benchmark, with around DKK1bn of the fund being earmarked for green bonds.PIMCO is to use a wide range of data from different sources to score investee companies’ environmental impact, social responsibility and governance culture, with only qualifying firms being selected for investment, the pension fund said.Industriens Pension also said it planned to continue increasing its green investments over the next few years, adding that it had invested over DKK10bn in green energy and firms with renewable energy at the centre of their business strategies by the end of last year.At the beginning of April, the pension fund announced it was blacklisting all firms whose business models centred around tar sands extraction, implementing a decision it originally made in December.To read the digital edition of IPE’s latest magazine click here.last_img read more

Why homes in this estate are a little bit different

first_imgGreater AscotGREATER Ascot does homes a little bit differently – using low front fences, patios and laneways the estate fosters a community feel perfectly suited to families.The estate by Parkside Developments is located in Shaw off Dalyrmple Rd and is home to 380 families but will eventually have more than 2000 houses.The estate has proved popular with families and those that have a strong connection to Kirwan either through where their children go to school or their workplace.Parkside Developments marketing manager Fiona Montgomerie said Greater Ascot’s convenient location and the requirement that homes have front fencing and patios set it apart from other estates in Townsville.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Greater Ascot“What makes Greater Ascot a great place to live can be seen from how the homes in Greater Ascot look, their street appeal – they have low front fences, the patios are spaces people can use and we offer laneways in our street design,” she said.“Another feature for Greater Ascot is our Central Park. A large park that has plenty of open space as well as covered climbing equipment and a small basketball layup area. Several events are held here every year.“Another key feature that makes Greater Ascot desirable is its location. It is so close to Kirwan and with the completion of the bridge to cross the Bohle River it has excellent access in all other directions, North and South St Benedicts Catholic Primary School opened this year and this has been a welcome addition to the community and area.”As Greater Ascot continues to grow the land near the river will be developer offering larger lots, walking tracks, more open spaces and play areas.There is also plans for sport playing field where local sport groups will be able to base themselves.last_img read more

Palm Beach property offers wide water frontage

first_img164 Mallawa Drive, Palm Beach. 164 Mallawa Drive, Palm Beach. 164 Mallawa Drive, Palm Beach. ON THE MARKET 164 Mallawa Drive, Palm Beach.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago Melbourne businessman selling Coast sub-penthouse 164 Mallawa Drive, Palm Beach. 164 Mallawa Drive, Palm Beach.IT’S all about location, location, location at this Palm beach house.Featuring one of the widest stretches of water on sought-after Mallawa Drive, the northeast facing house offers direct ocean access through Burleigh Heads and your very own sandy beach. Agent: Brent Hodge and Jared Hodge, Ray White Coolangatta – Tweed HeadsFeatures: Waterfront deck, raked ceilings, parents’ retreat, pool, entertainer’s barArea: 812sq mAuction: February 2, 9amInspection: By appointment 164 Mallawa Drive, Palm Beach.Tric de Lacy bought the property 11 years ago, drawn to the waterfront vista.“We initially rented on Mallawa Drive a few doors down when we first moved to the Coast,” she said.“I think it’s probably one of the widest waterways in the area.“It was always very relaxing going out and seeing dolphins, fish and stingrays.”Spread over an 812sq m block, the residence has plenty of space paired with a clever design to cater for a large family. MORE NEWS: Coast’s ‘secret garden’ There is open plan living leading to the kitchen, dining, lounge and bar while the waterfront deck and undercover terrace provides plenty of space to entertain.“The bar is the focal point and it’s quite a nice area to sit around and enjoy the water views,” she said.“You’ve got the doors to the undercover patio and you’ve got that feeling of being inside and outside.“The deck down by the water is also nice, especially on those summer nights – you can even see fireworks down on the beach from the deck.”There are four bedrooms including the parent’s retreat which has an ensuite, walk-in robe and private waterfront balcony.Other features include a pool, three-car garaged, raked ceilings and a VacuMaid.last_img read more

143-year-old home of UQs first vice-chancellor to go to auction

first_imgA letter from the bank to Dr Arthur Roe is one of the historical documents passed from owner to owner. Take a dip in the pool, which has a lap lane. The formal lounge has a marble fireplace and detailed pressed metal ceiling.The original house, the part with the dormer attic, is now the children’s wing, and the main house was built in the late 1880s.The two houses were deconstructed into seven pieces and moved to its current resting place, the 7.01ha block at 60 Lyndale Rd, Pullenvale, before being reassembled as one property. The formal dining room is also grand.Historical documentation has been passed from owner to owner, of which there has only ever been four, and includes a ledger of Brisbane Grammar School student details, invoices and payments, and a journal written by Mr Roe’s third son, Dr Arthur Roe.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 The property at 60 Lyndale Rd, Pullenvale, is 7.01ha.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, 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 to bid at auction for your dream home? 01:45 There is even a claw foot bath.The house is being marketed by Donna Strahan of Spinks & Co Residential, and will go to auction on May 18 at noon. The dormer attic was part of the original house.Polished hoop pine floorboards sweep through the house and the pressed metal ceilings in the formal dining and lounge room are incredibly detailed.There are leadlights, a bay window, a marble fireplace, and handmade windows.“Abbotsbury is a grand house but more importantly, a fine home, which we have loved sharing with family and friends, whether for a fun evening or a longer say,” owner Sonia Barber said. Keen cooks would drool over this kitchen. Check out that oven!Dr Roe became Queensland’s first Rhodes Scholar in 1904, and wrote of activities like fishing and hunting, dancing and camping on Stradbroke Island.The house has been lovingly restored over years, with mod-cons added but the character left intact. The house at 60 Lyndale Rd, Pullenvale, is for sale.THE walls of this historic Brisbane home would have seen so many changes over its lifetime.It was built in 1876, three years before Thomas Edison invented the light bulb, and originally located 80.94ha of riverfront land on the corner of Croydon St and Milton Rd at Toowong.Known as Abbotsbury, it was first lived in by Englishman Reginald Heber Roe, who was headmaster of Brisbane Grammar School and the first vice-chancellor of the University of Queensland.last_img read more

Price tag attached to fitness star Ashy Bines’ Gold Coast house after passing in at auction

first_imgMs Bines, who has more than 840,000 Instagram followers, lived at the waterfront mansion with her husband Steven Evans and their son Taj, 3. The family are selling after moving into a rental closer to the beach. More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“I’m personally someone who likes to move and prefer to rent over own, so I like the variety of having different bedrooms, different locations and just moving and I find it quite exciting,” Ms Bine said in a YouTube vlog earlier this year.“We found this house … a rental … in the most amazing location … on the Gold Coast … it’s not like right on the beach but it’s a street back.“We just want to live that lifestyle where every afternoon our routine is to put our feet in the water.” The property at 15 Cedar Place, Broadbeach Waters, passed in for $2.2 million. MORE NEWS: This is what the Coast’s median house price can get you MORE NEWS: First-home buyers have the upper hand It now has a $2.495 million price tag. The couple both worked from home, each with an office in the property. “The view is magnetic with the river and skyline, the waterfront entertaining is outstanding and the architecture and space is ideal for (a) large family.” Ms Bines purchased the home in 2013.Harcourts Coastal listing agent Grant Stephens said despite the property not selling at auction there was great interest and he expected it to sell soon. “There’s not a lot of six bedroom homes around to start with, and the view has been really, really popular,” he said.center_img Ashy Bines and dog Scooby at her Broadbeach Waters home which failed to sell at auction. Picture: Lyndon MechielsenFITNESS guru and social media influencer Ashy Bines’ home has failed to sell under the hammer. The luxury Broadbeach Waters property passed in at $2.2 million at the midweek auction and now has an asking price of $2.495 million. CoreLogic records show Ms Bines purchased the palatial property at 15 Cedar Place for $1.955 million in 2013. RELATED: Ashy Bines slims down gym, cutting classes and slashing fees Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:14Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:14 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 Rate1xFullscreenHow do celebrities organise their pantry? 01:15 mikaela.day@news.com.au The unsuccessful auction follows the fitness queen slimming down her Mermaid Waters gym from two premises to one and the deregistering and re-registering of the company name ABBBC Pty Ltd. The gym, called Ashy Bines Transformation Centre, has also shut down its website and membership fees have been slashed.Mr Evens, in a statement to the Bulletin, said the shrinking gym was a move to consolidate its operation to the one space and the re-registering of the business was lodged by their tax agent. Ms Bines has recently slimmed down her gym. Picture: Luke Marsden Ms Bines and her husband Steven Evans lived at the property with their son Taj. Source: Facebooklast_img read more

The Redcliffe region’s most expensive home sales of this year

first_img Bayside beauty shines after incredible renovation Wynnum region’s top real estate sales of 2019 revealed This home at 7 Kennedy Esplanade, Scarborough sold for $3 million in June. Picture:supplied.The Redcliffe peninsula’s most expensive house sales of 2019 have been revealed with a waterfront masterpiece at Scarborough taking out top place. The three-storey home with pool and ocean views at 7 Kennedy Esp, Scarborough sold for $3 million in June. A record-breaking home at 115 Margate Pde, Margate came in at number two with a sale price of $2.675 million. The home smashed the suburb sales record of $1.85 million, which was set by 97 Margate Pde in April. The view from 7 Kennedy Esplanade, Scarborough. Picture: supplied. MORE NEWS: Queensland’s cheapest homes revealedcenter_img Selling agent Kevin Bostock of Waterfront Properties said an increase in the quality of properties on the peninsula was helping to drive up prices. “People aren’t scared to build these high quality types of houses now. They know they can get their money back,” he said“The market is only going to keep getting better.” And while oceanfront homes scored the top spots, half of the top 10 sales were in the canal suburb of Newport. The home at 115 Margate Pde, Margate set a suburb record when it sold for $2.675 million. Picture: supplied.A five-bedroom display home at 177 Quay Cct, Newport, came in third with a sale price of $2.225 million while the $2 million sale of 4 Wildfire Ct, Newport in May was fourth.Selling agent Stephan Siegfried of One Agency said he wasn’t surprised to see Newport prominently on the top sales list as prestige buyers were either chasing the canal lifestyle or ocean views. “In the case of 4 Wildfire Ct, the people were boaties and they liked the easy access to the bay, the nice big block and the lovely relaxed Queensland home with that indoor-outdoor living,” he said. Properties in Margate, Redcliffe and Woody Point rounded out the top 10 highest sales for 2019. The home at 4 Wildfire Ct, Newport sold for $2 million. Picture: supplied.Mr Siegfried said the Redcliffe peninsula offered high end buyers amazing value for money compared to the Sydney and Melbourne markets. “We see a real mixture of buyers. We see a good proportion that comes from Sydney or Melbourne looking for that Queensland lifestyle and we see local people, from the peninsula and from Brisbane, upgrading,” he said.Mr Siegfried said the premium market on the peninsula had slow start to the spring selling season but well and truly heated up from November.“We’re probably seeing a return to pre-GFC levels,” he said. “We just need the stock to meet demand.” Redcliffe region’s Top Home Sales of 20191. $3M – 7 Kennedy Pde, Scarborough 2. $2.675M – 115 Margate Pde, Margate3. $2.225M – 177 Quay Cct, Newport4. $2M – 4 Wildfire Ct, Newport5. $1.9M – 42 Whytecliffe Pde, Woody Point6. $1.855M – 30 Enterprise Ct, Newport7. $1.85M – 97 Margate Pde, Margate8. $1.78M – 68 Prince Edward Pde, Redcliffe9. $1.5M – 2 Thistle Ct, Newport10. $1.475M 33 Constance Ct, NewportTop Home Sales of 2019 by suburbClontarf1. $735,000 – 17 Valerie St, Clontarf2. $730,000 – 17 Haysmouth Pde, Clontarf3. $670,000 – 67 Thomas St, ClontarfDeception Bay1. $720,000 – 22 Parsons Blvd, Deception Bay2. $685,000 – 22 Townsville Cres, Deception Bay3. $649,000 – 84 Mariner Blvd – Deception BayKippa-Ring1 .$660,000 – 23 Morris Rd, Kippa-Ring2. $630,000 – 14 Sandwell Cres, Kippa-Ring3. $585,000 – 13 Drambuie Ct, Kippa-RingMore from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoMargate1. $2.675M – 115 Margate Pde, Margate2. $1.85M – 97 Margate Pde, Margate3. $1.2M – 101 Margate Pde, MargateNewport1. $2.225M – 177 Quay Cct, Newport2. $2M – 4 Wildfire Ct, Newport3. $1.855M – 30 Enterprise Ct, NewportRedcliffe1. $1.78M – 68 Prince Edward Pde, Redcliffe2. $1.205M – 602/2 Prince Edward Pde, Redcliffe3. $1.15M – 1204/99 Marine Pde, RedcliffeRothwell1. $904,600 – 46 Promenade Cct, Rothwell2. $705,000 – 7 Parkway St, Rothwell3. $650,000 – 24 Oakmont St, RothwellScarborough1. $3M – 7 Kennedy Pde, Scarborough 2. $1,338,888 – 183 Landsborough Ave, Scarborough3. $1.32M – 4/131 Flinders Pde, ScarboroughWoody Point1.$1.99M – 42 Whytecliffe Pde, Woody Point2.$1.45M – 10 Gayundah Esp, Woody Point3.$1.195M – 47 Whytecliffe Pde, Woody PointData from Core Logiclast_img read more

Size does matter for Brisbane buyers

first_img Located 30 minutes from the Brisbane CBD, Solander is in the growing Park Ridge community and the Logan growth corridor.Oliver Hume Queensland head Matt Barr said the change came off an “increasingly competitive market”.“Projects are starting to create a point of difference within their developments by offering large lots,” he said.Real Estate Institute of Queensland southern zone chair Rebecca Herbst of BeeNees City Realty said there was more activity than usual in the region.“We actually have noticed a shift already in the market, a bigger upswing in activity than we normally see.”She said while Logan still has small lots available, “the large land lots are a totally different type of buyer”. “There’s not a lot of large blocks or acreage, that’s why there’s a bit of upswing.” Property services group Oliver Hume research found a massive 37 per cent spike in land sales volumes across South East Queensland in the third quarter.SEQ’s median land price rose 1 per cent over third quarter to show a 3 per cent rise over the year, rivalling median house price jumps. Moreton Bay was the biggest quarterly jumper, up 2 per cent, in third quarter. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoCarver’s Reach is where the Lal family plan to build their dream home on a large corner block.Rashik and Raunita Lal decided to buy their 495sq m corner block at Carver’s Reach in Park Ridge, Logan, the moment they set eyes on it.“We were looking at buying a house when we drove past it (their corner land lot). We decided straight away, we want this instead. They had a good master plan. It looked really attractive,” he told The Courier-Mail.“It’s still affordable. If we build this on the same size land elsewhere, it will end up costing us $800,000 to $900,000 (for house and land). I am building a five-bedroom two-storey home and it will probably be $550,000 to $600,000 by the time I’m done here.” Bayside property market on the up in 2020 Property services group Oliver Hume head of research George Bougias said after the federal election, land sales began to take off with interest swinging to bigger lots.“As the market recovered in the third quarter, we were seeing a much stronger rebound in sales rates in Logan,” he said. “There are a number of factors driving this, not the least of which is the large of amount of great new product on the ground in the Logan area, particularly around Park Ridge.”“The Logan area has also bucked the Australia-wide trend towards smaller lots with the median lot size in the area actually increasing over the last couple of years.”While SEQ median lot sizes fell 5 per cent (to under 420sq m since 2017), in Logan the lot sizes grew 4 per cent (to over 420sq m). 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?00:58center_img Rashik and Raunita Lal with kids Rasha, 15, and Riya, 5, have purchased land at Carver’s Reach in Park Ridge to build their dream home on a larger than usual block. Picture: AAP image, John Gass.Land sales have surged in Brisbane’s south, with one area bucking a national trend to take pole position here, showing size matters to buyers.A “hotly-contested” battle between perennial market leader Ipswich and close rival Logan was won by the latter in the third quarter 2019 off its more generous block sizes. Middle Brisbane seeing strongest home price growth MORE: Thousands open homes to bushfire evacuees Among places that have large blocks currently on the market is Covella, the contemporary and master planned new estate by Villa World at Greenbank.Even with the rise in interest in bigger lots in Logan, affordability was still the biggest motivator for buyers across greater SEQ, according to the Oliver Hume figures, with 38 per cent of sales in the quarter coming off lots sized between 301 to 400sq m.Mr Bougias said Ipswich was still the most affordable place to buy residential land in SEQ at $512 per square metre – almost half that of Brisbane council region which was the highest in SEQ at $967 per square metre. The SEQ median value per square metre of land was $586.Among land lots bigger than 420sq m currently on the market in the southern region were lots at Covella development site in Greenbank where land was priced from $235,000 for 480sq m to $250,000 for 586sq m. 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Low interest rates and affordable prices entice Cairns home buyers

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:02 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 Rate1xFullscreenAustralia’s most expensive houses02:02FAR Northern buyers have no excuse for not jumping headfirst into the property market this month with economic conditions perfect for adding a first home, or an investment property, to a lean portfolio.Belle Property Cairns residential sales consultant Vanessa Robinson said the city was a buyer’s market and low interest rates and affordable prices should be enticing renters to buy.“Should the pendulum swing it may do so quickly, so I honestly think it’s the perfect time to buy, most especially if you are a first homebuyer,” she said. 34 Old Smithfield Rd, Freshwater is on 1240 sqm and has a current development approval in place for four townhouses. Price in the mid $400,000s.“Avoiding the significant cost of mortgage insurance with the Federal Government’s First Home Loan Deposit Scheme is great I would sign up tomorrow if I was a first homebuyer.“I would like to see the government make a commitment to it long term so that young people can plan and save accordingly as even saving a 5 per cent deposit is hard.”Elite Real Estate Service director Karl Latham agreed 2020 was the time to buy for those who still hadn’t taken the plunge. 48 Lake Placid Rd, Caravonica. Inspect today at 11.30am. Full of character and natural charm, this cute Moroccan-inspired cottage offers cool living conditions.“After a rocky 2019, I think there’s some clear skies ahead,” he said. “The beginning of last year was pretty poor in regards to volume. It started to pick up in the second part of the year though.“There is a shortage of listing stock out there and we are seeing increased buyer inquiry in the $300,000 to 450,000 price range.“Not only that, we are seeing some of the highest rents in Cairns in recorded history so it actually works out more economical to purchase a home.” 10 Etty St, Kewarra Beach. Buyers in the $400,000s. Low maintenance in a sought-after location with an open plan interior and a clever versatile floorplan.Mr Latham said a lull in the market over the Christmas break and stable prices meant it would be easy for a first-timer to buy.“Interest rates are expected to go down again this year so it makes much more sense to buy a property,” he said. More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“We’re noticing the majority of properties on the contract board are at the lower end, we’re getting multiple offers and while open home numbers are still lower, it’s about quality not quantity. 9 Colonial Cl Redlynch. On the market for $430,000. Four bedrooms with built-in wardrobes and a master bedroom featuring an ensuite, plus an in-ground swimming pool.“What I think is buyers in the lower end will stimulate the property market in the next bracket of properties.“Some of these owners (of lower priced homes) will be retiring, some will be investing but a good proportion will be homeowners looking for the opportunity to upgrade. “If these properties get snapped up then those people looking at upsizing can move on and be buying those more expensive homes.”There are 540 homes for sale in the greater Cairns region on realestate.com.au currently.Of those, 191 were three-bedroom houses.last_img read more

Bulk sale: Whole 10th floor at Cairns Harbour Lights for sale

first_imgThe whole 10th floor at the south Harbour Lights tower is for sale with six, one and two bedroom apartments listed with Cairns Property Office.LIVING like every day is a holiday will soon be possible as a suite of apartments in one of Cairns’ premier complexes enters the market. The whole 10th floor at the glamorous 12-floor Harbour Lights south tower is up for grabs and there is nothing stopping one buyer from owning it all. Six apartments, which were formerly managed by hospitality company Accor for holiday letting are now for sale, including five one-bedroom apartments and one dual-key two-bedroom apartment. Room 1003 on 10th floor at the south Harbour Lights tower. The entire floor is for sale with six, one and two bedroom apartments listed with Cairns Property Office. MORE NEWS Couple learn history while renovating Queenslander Offers flood in for Australia’s most popular housecenter_img Among the six units listed, there are recently renovated properties on offer and they range between $399,000 and $599,000.The 10th floor is listed with Cairns Property Office agent Renee Straguszi-Smith who said the south tower had never been marketed for residential living before. “People have always thought it wasn’t achievable to live at Harbour Lights,” she said. “Now we have the opportunity to live at the prestigious waterfront address without breaking the bank.” At the top-end of the price bracket is the dual-key, fully furnished property listed for $599,000. However, Ms Straguszi-Smith said the “jewel in the crown” was room 1003, which had been refurbished to present the opportunities a Harbour Lights apartment offered and was listed for $425,000. Room 1003 at the Cairns Harbour Lights south tower has been refurbished to show buyers the opportunities on offer with an apartment in the complex.“It’s a 75sq m one-bedroom apartment that has been stunningly refurbished with a coastal chic vibe by Koru Homewares,” she said. “So we’re trying to strike that perfect balance between cosiness and sophistication. “You want to walk through the door and instantly feel like you’re on holidays, but you’re living there. “All the other units have been fitted out by Indesign International with custom-made carpet and furnishings that reflect the reef and other natural elements of the region.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“They feature full length balconies, water views, loads of natural light and year-round sea breezes.” The whole 10th floor at the south Harbour Lights tower is for sale with six, one and two bedroom apartments listed with Cairns Property Office.She said there was no reason one buyer couldn’t snap up the whole floor, and the apartments would likely appeal to a wide range of buyers. “We’ve had a lot of people inquire about Harbour Lights in the past.“We’re really appealing to buyers from all walks of life, so people from the Tablelands looking for that convenient city retreat, fly-in fly-out workers or people who work in the mines, retirees or people looking to downsize.“It will be popular for people living in Melbourne and Sydney seeking that winter holiday home.“They are very well-priced, easy to maintain and perfectly located in our vibrant marina restaurant precinct which includes award-winning eateries. “The units make great investments, too. There are plenty of property management options from the onsite hotel operator Accor, to holiday letting or long-term renting.” There are open home sessions on Saturday and Sunday from 2-2.45pm.last_img read more

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