Demand for fixed rate home loans is on the rise, according to Mortgage Choice. Picture: iStock.QUEENSLANDERS are driving a surge in demand for fixed rate home loans, amid the threat of further interest rate rises.Fixed rate home loans accounted for nearly 30 per cent of all home loans written in the state during the month of April, according to Mortgage Choice.Nationally, 26.5 per cent of all loans written last month were fixed — the highest number in 2.5 years.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenHousehold Debt00:51Mortgage Choice chief executive John Flavell said he wasn’t surprised to see a greater proportion of borrowers opting for the security of a fixed-rate loan.“Over the last couple of weeks, we have seen many of Australia’s lenders increase the interest rates across their suite of home loan products,” he said.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 2020“Some lenders have increased their variable rates by as much as over 20 basis points.”Mr Flavell said he expected to see further increases in fixed rate demand as interest rates continued to rise over the coming weeks and months.“With Australia’s lenders making changes outside the Reserve Bank’s monthly Board meetings, we may see more borrowers choosing to fix their mortgage in a bid to avoid further rate hikes and ultimately give themselves a level of certainty and stability around their mortgage repayments,” he said.But variable home loan rates are still the most popular product among borrowers in Australia.In particular, ongoing discount home loans are the most sought-after — accounting for 43 per cent of all loans written.“As we have seen over the past several weeks, the lending space is rapidly changing, but it is important to remember that home loan rates are still low by historical standards,” Mr Flavell said.
Month: October 2020
33 Attunga St, KingstonEbrahim Gaffoor set out to do a quality renovation when he bought his home at 33 Attunga St, Kingston, in September, 2014, and the results show just that.He has transformed and modernised the two-storey brick home, from replacing the pool lining to new carpets.He also did substantial landscaping work in the yard.“I basically made it like a little resort kind of feel,’’ he said. 33 Attunga St, KingstonThe home is on a 607 sq m block of land and has secure parking with three parking spaces – two in the garage and one under the carport.Marketing agent Azhar Omar, of Ray White Rochedale, said the quality of the renovations had been outstanding. 33 Attunga St, KingstonHe said it would be ideal for an a young family.DETAILS: Price guide: Offers over $399,000Inspect: Contact agentAgent: Azhar Omar, Ray White Rochedale. 0422 363 450 33 Attunga St, KingstonWork also included installing new downlights in all the rooms and installing ceiling fans.He said the large space underneath the home could be put to use by new owners as a teenagers’ retreat or possibly another living area.The double-brick home has a large kitchen which has also been modernised, and includes an electric cook top and ample cupboard space.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 201933 Attunga St, KingstonAll of the bedrooms are towards the back of the home, and all of the bedrooms have built-in wardrobes.Marble stones surround the pool and there is a Bali-style hut.The bathroom has been partially renovated and there is a separate toilet.New roof tiles and guttering have been installed and the home is fully fenced. It has solar hot water and a 3000 litre water tank.The property is close to schools, public transport and the park lands. It is also near shops, childcare centres and a medical centre.
Oscar penthouse in Main Beach.SWIMMING to the bottom of the ocean is magical but swimming 30 storeys above the Gold Coast is something else.That’s been the reality for Wayne Sharpe who has just put his luxurious Main Beach penthouse on the market.While the multimillion-dollar views are a drawcard, his pool is what captures the most attention.“It’s very, very rare to see one (rooftop pool) that big,” he said. “It’s lowered as far as it can be and it’s 6ft deep.“It’s a proper pool that you can swim laps in and really enjoy.”Wayne Sharpe on his rooftop terrace. Picture: Mike BatterhamMr Sharpe bought the Oscar on Main penthouse off the plan 19 years ago.“I was living in Parkwood at the time and decided I wanted to have more views, security and be in the middle of the action without feeling like I was,” he said.“I decided this property was going to be the biggest and the best.”Described as the “jewel of Gold Coast living” it’s not hard to see why Mr Sharpe, who founded Bartercard and most recently Carbon Trade Exchange, has held on to the property for two decades.The penthouse comes with a three tonne aquarium. Picture: Mike BatterhamAmong the two-level four-bedroom apartment’s standout features is a rooftop terrace, private steam room, bar and stunning three tonne aquarium.“I’m told it’s the biggest tropical fish tank in southeast Queensland,” he said.“They’ve got to be the only fish with a sky-high view.“Whenever someone comes in they stare at the tank because it’s so spectacular.”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North6 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoWayne Sharpe said his Oscar on Main penthouse was more like a house than an apartment. Picture: Mike BatterhamThe lower-level features several living areas, the kitchen and bedrooms.Mr Sharpe said the property felt more like a house than an apartment.“It truly is more like an expansive house in the sky rather than an apartment,” he said.“They don’t build them like this anymore, particularly with 18ft ceilings and floor to ceiling windows.”Relax on the rooftop terrace.Other features include dumb-waiter, wine cellar and wine fridges.Mr Sharpe said the proximity to schools and restaurants was also a major drawcard.“It’s so close to all the family amenities, The Southport School, St Hilda’s School and walking distance to the tram stop. I can also walk to the yacht club and surf club in five minutes.”There is no shortage of space in the Oscar on Main penthouse.He said he had considered selling his skyhome over the years but couldn’t bring himself to do it.“I’ve had lots of agents knocking on my door and people making offers but I just couldn’t do it,” he said.“It will be hard to let it go.”Now, he said, the timing was right to sell.Ray White Prestige Gold Coast agent Robert Graham is marketing the property through an expressions of interest campaign.Wayne Sharpe is selling his Main Beach penthouse. Picture: Mike Batterham
94 Serafina Drive, Helensvale Qld 4212. Picture: Realestate.com.auTHE cheapest house for sale on the Gold Coast right now costs close to $100,000 more than Brisbane’s least expensive one.The three bedroom house has seen a flood of enquiries since it was listed 11 days ago for $389,000 – a figure that about a third cheaper than the Gold Coast’s median sale price ($615,000). 94 Serafina Drive, Helensvale Qld 4212. Picture: Realestate.com.au 94 Serafina Drive, Helensvale Qld 4212. Picture: Realestate.com.auMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North5 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoThe cheapest house on the market in Greater Brisbane right now is half an hour from its CBD and priced at $295,000 for a three bedder on a 711sq m block.Agent Kim Richards of Professionals Bundall said it was “just amazing” that the best listed price for a Gold Coast house was much more than that of the Queensland capital.She said most of the calls she’d fielded were from locals looking for an investment property at a good price.“We’ve had a huge amount of enquiries and three offers already. I started selling in that pocket about seven years ago. I’ve sold around 30 in a street of 118 in that time. They’re around the $400,00 mark normally,” she said. 94 Serafina Drive, Helensvale Qld 4212. Picture: Realestate.com.auThe property at 94 Serafina Drive, Helensvale, was marketed as “a home with a duplex price tag” and has two bathrooms, a double lockup garage, new kitchen appliances, timber deck and a fully fenced yard. The 405sq m block is minutes from the M1, theme parks and a major shopping centre with schools and transport nearby.Ms Richards said she had just taken a listing on the same street (64 Serafina Drive) for $410,000. Both houses were much lower than the median sale price for houses in Helensvale ($592,500). This is Brisbane’s cheapest house right now Last Surfers beachfront home on market Follow Sophie Foster on Twitter and Facebook 94 Serafina Drive, Helensvale Qld 4212. Picture: Realestate.com.au 94 Serafina Drive, Helensvale Qld 4212. Picture: Realestate.com.au 94 Serafina Drive, Helensvale Qld 4212. Picture: Realestate.com.au
More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour agoGarden Room House in New Farm Picture: Christopher Frederick Jones“Bruce and I have very complimentary skills … so it was a very harmonious process from the design, right through to the build,” Ms Stalker said.“He ran a really great site and got some really beautiful work out of the people that were on-site.”Ms Stalker, an architect of 29 years, and Mr Carrick, a graduate of architecture and industrial design, and also a furniture maker, decided that their underused pool needed to be repurposed.“It was consuming so much energy, and the kids just stopped using it and then we questioned why we were keeping it,” Ms Stalker said.The couple then decided to recycle the pool as a water tank under the living room slab and also use part of it to create a water garden at the back of the home.“We want to use passive systems that don’t require extra energy,” she said.Other ways that the couple used sustainable design was to recycle a lot of the existing house into their new home.They re-used all of the decking by slicing each plank in two and using them as slats for sunshading, they also re-used a lot of the hardwood and recycled the pool fence as balustrading.“In terms of general design we worked very hard to make the house look quite simple and to be efficient in our use of materials,” Ms Stalker said. Garden Room House in New Farm is one of the many homes available to be seen on Sustainable House Day — September 17. Picture: Christopher Frederick JonesA RARELY used swimming pool turned into a no-cost hydronic heating/cooling system is just one of the clever sustainable home designs you can see first-hand on September 17.The re-purposed pool is one of the many sustainability ideas that Caroline Stalker and her husband Bruce Carrick used when designing their home renovation at New Farm.Known as the “Garden Room House”, the home is one of many environmentally friendly houses that will be open to the public as part of Sustainable House Day on September 17.The national event, run by the not-for-profit organisation Alternative Technology Association, gives the community the rare chance to see inside some of the most environmentally friendly homes. For more information, to register for a tour or to view profiles of this year’s homes, visit sustainablehouseday.comCaroline Stalker said she and Mr Carrick had a fantastic time designing and building their Garden Room House and were already planning another home in the not so distant future.Not only did the couple design the home themselves, they also built it themselves, their first venture into being so hands on.
The media room at 37 Hunter Cct, Petrie.To the side of the entertainment area, there is fire pit and space for the barbecue. The home has been freshly painted and has new wardrobe doors and a carpet. The property comes with a garden shed, security screens, alarm system, ceiling fans and tinted windows. The atrium living area at 37 Hunter Cct, Petrie.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The master bedroom has a walk-in robe, an additional built-in robe and ensuite with dual basins and a shower. The remaining bedrooms are generously sized and have built-in wardrobes.Outside, the pool area features glass fencing, landscaped surrounds and a cabana. The home at 37 Hunter Cct, Petrie.The lowset home is on a 1001 sqm block and has a light-filled atrium living space, media room and an open-plan living, dining and kitchen area. The kitchen has stainless-steel appliances, plenty of storage and work space, and a breakfast bar. A sliding door in the dining area opens to the covered entertainment space with plantation shutters, which overlooks the in-ground saltwater swimming pool. The home at 37 Hunter Cct, Petrie.THIS family home with a swimming pool, cabana and media room is on the market in the sought-after Petrie on Pine estate. Marketing agent Mark Rumsey, of David Deane Real Estate, said the property at 37 Hunter Cct, Petrie cleverly combined traditional elegance with resort-style accents. “The home showcases stylish interiors, intelligent use of space and a spectacular entertainment environment, (creating) a family and entertainer’s delight,” he said. The outdoor area at 37 Hunter Cct, Petrie.There is also a water tank and side access to the backyard. “This is one of the finest properties to come to the market in Petrie on Pine,” Mr Rumsey said. The home is in a quiet street close to walking tracks. The property is on the market for offers over $650,000.
How long is too long, on the market?“I’m not in a hurry to sell, we can wait for the right buyer”This is one of the most common comments made by home owners when they are selling their property. Ironically, the polar opposite is the question asked by most buyers “How long has this house been on the market?”.Understanding how real estate works can give insight and subsequently comfort to people when they are in real estate mode.Experience has taught me that real estate is a now business.A property is worth what you can sell it for now. You can wait and you might get more money or you could wait and you might get less money.Unlike other investments, real estate, has to be lived in. So equations like square metre rates, comparable sales and returns are appropriate considerations but if the liveability of a property isn’t appealing or a market condition has changed then there is no guarantee of that price. Your confidence in the price offered should be born from your exposure to the market (eg. the number of inspections) and your belief in your agent’s ability to negotiate and market your property effectively.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus21 hours ago SIX SIGNS A BUYER IS SERIOUS In 2007 I could never have imagined that more than ten years later we would still be struggling to achieve the same price today.This is the case in some market segments in the southeast corner. Similarly I doubt five years ago that Sydney agents would have believed that their inner city market would enjoy a 20 per cent year on year compounding capital growth for five years.Timing and time on are the two most important considerations when selling your home. If real estate is a now business then ask yourself the question, “is now the best time to sell?’’.Also, time on the market matters.Buyers associate the length a time a property has been on the market with its value.If it’s more than sixty days then they tend to consider there something is wrong with the property or the price.The optimum selling period is 21-30 days. This gives you enough time to welcome the market through your property, to use the main marketing avenues of print, internet and agent data base, and to negotiate effectively with those buyers. Whether that be through auction or private treaty.
27501/2 Ephraim Island Pde, Paradise Point.More from news02:37International architect Desmond Brooks selling luxury beach villa17 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Although she is selling at a loss from what she paid she can move forward and enjoy a new lifestyle closer to family.“Her loss will be your opportunity.”The vendor paid $1.495 million for the property in 2006.It features an enclosed patio, electric blinds, new carpet and a built-in desk.“This home is beautifully maintained and presented and has many extra features that many others do not provide.” 27501/2 Ephraim Island Pde, Paradise Point.A BUYER scored a bargain on Ephraim Island, snapping up an apartment for $285,000 less than the vendor paid for it.The three-bedroom 229sq m residence recently changed hands for $1.21 million.“The owner has added so much extra value to this property and has been living here since 2006,” the listing states. 27501/2 Ephraim Island Pde, Paradise Point.Susan Crook of @realty handled the sale.Ephraim Island is accessed via a 400m bridge from Paradise Point.It offers residents a luxury lifestyle with a marina and on-site communal facilities including a gym, several pools, sauna, spa and restaurant.
INTRO: Significant improvements in operating safety and reduced rolling stock maintenance costs have followed the introduction of automated train health monitoring systems on Australia’s Mount Newman iron ore lineBYLINE: Janusz DudekPrincipal EngineerAdvanced Technical Research OrganisationPILBARA heavy-haul railway operator BHP Iron Ore has introduced a whole train condition monitoring system on its former Mount Newman line running inland from Port Hedland. Better known as the Automatic Car Examiner Station, the train health condition monitoring system is currently being used to inspect more than 2 000 wagons per day. Using video and acoustic image processing, the technology was originally developed for space research, but was adapted for rail by Western Australian firm Advanced Technical Research Organisation. ACES comprises four principal units, or ’stations’. The supervisor’s console (station 4) is located in BHP’s air-conditioned office situated in the Ore Car Repair Shop. The other three stations, covering Train Departure & Arrival, Car Dumper 1, and Car Dumper 2, are located 7 km away from the supervisor’s console. They use 22 CCTV cameras, 18 proximity sensors, microphones, frame grabbers, and other components to carry out the whole condition monitoring process on moving trains. The ATRO-developed software runs on seven 6X86 computers networked together.The train health monitoring system installed at Port Hedland is the first automatic system in the world to monitor so many wagon components in motion simultaneously. Not only does it outdo the scope of a traditional car examiner, it adds a new dimension to train heath condition monitoring, setting new standards for the 21st century.Brakes and flatsAt the Departure & Arrival Station (No 1) video cameras on both sides of the track monitor whether any handbrakes have been left applied on the departing train. As each train usually consists of 240 wagons, manual inspection by a car examiner has proved very difficult, especially when the train is moving at a speed of 30 to 50 km/h in the extreme conditions of the Pilbara, where daytime temperatures can exceed 40°C. With ACES the train inspection is carried out much more efficiently using one 6X86 microprocessor, a frame grabber and two cameras. If the processing software detects that any handbrakes are still applied, the wagon’s images are automatically transferred by modem to the supervisor’s console. A synthesised spoken warning message draws the supervisor’s attention to the fault indication, and to the image of the handbrake displayed on the screen for verification (Fig 1, above right). The supervisor can then call the driver by radio to stop the train.Departing and arriving trains also have their wheels acoustically examined by the same computer that collects and analyses the handbrake images. Two microphones located on both sides of the track collect the audio signal from the passing train, digitise it and save it to the computer hard drive. A Car Examiner’s perception of a wheel flat or a bearing noise can be very subjective and non-quantitative. It depends on the time of day, background noise level and the fatigue level of the person. A computer does not suffer from these factors. A Fast Fourier Transform (FFT) algorithm is used to detect any wheel flats or bearing noise. This information and the selected part of the sound files can then be transferred to the supervisor’s console. The threshold at which the system picks up a fault has been set for the average level as used by the car examiners.Dumper stationsThe two stations at Car Dumper 1 and Car Dumper 2 are identical. Their job is to inspect all the remaining ore car components which are not inspected at the Departure & Arrival station. At present 10 different items are being inspected at the Car Dumper stations: