National figures reveal just what is happening with median house prices

first_imgMedian house prices increased across Greater Brisbane in the past 12 months.GREATER Brisbane’s affordable house prices were behind a slight drop in the median house price in the past quarter, although figures were still up for the year.National figures released by the Real Estate Institute of Australia showed that the median house price in greater Brisbane, including outer council areas such as Ipswich and Logan, were down by 2.8 per cent to $515,000.Although the median was 2 per cent higher than the same time last year.According to the Real Estate Institute of Queensland the median house price for the Brisbane local government area alone had increased 3.1 per cent in the past year to a new record of $670,000. BRISBANE HOUSE PRICE TO HIT $2.2 MILLION REIA president Malcolm Gunning said nationally median house prices across Australian capital cities had fallen during the first quarter of 2018.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours ago“Canberra had the largest fall in house prices and Darwin had the largest decrease in other dwellings,” Mr Gunning said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:28Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:28 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p320p320p228p228pAutoA, 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 Rate1xFullscreenBrisbane market wrap up02:28 Adelaide now had the lowest median house price in Australia of $470,000.But he said the yearly performance was much better with the weighted average capital city median house price up by 2.2 per cent, on the back of rises in all capital cities except Perth and Darwin. SUBURBS WITH DOUBLE DIGIT GROWTH Rents also performed well nationally with rises for rents for three-bedroom houses in all capital cities except Darwin.last_img read more

The Queensland houses with their own ‘pubs’

first_imgThe owner of this ‘pub’ clearly knows their state of origin!IS there anything more refreshing than cracking a cold one with some mates at the end of a hot summer’s day? There are plenty of swanky bars these days, but we thought we would take a look at home pubs that even your most occa mate could relax in.And with enough time to grab one of your own before Australia Day on January 26, let us all rejoice in these party pads.First up is five bedroom house that comes with its own mini-me Aussie pub. Located in its own shed, it has been set up as the ultimate entertaining space, with the current owner proudly shouting their state of origin. There is also a huge covered entertaining area with a wall-mounted TV and a barbecue range hood, an in-ground pool and views of Mount Neurum and the Glasshouse Mountains. At Wights Mountain, a six bedroom architecturally-designed house on 1.56ha is on the market for offers over $1.3 million. With that amount of space you could crank Barnsey and not bother the neighbours.There is also plenty of spaces to entertain your mates, starting with a tennis court to practice those moves learned whilewatch the Australian Open. More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoAfter that, you can take a dip in the pool to cool off in what will no doubt be a typical summer stinker.From there, you can pour a drink at the bar, hop in the spa and watch Muriels Wedding on the mounted TV in the entertainmentarea. This house at D’Aguilar has its own “pub” Bar with water views? Other features include a gym/media room and ducted airconditioning. And in Buderim, a four-bedroom house on a 3319sq m block is on the market for offers over $1.35 million. Located on the lower ground floor is a pool room and a deck and bar area. Not a bad spot for a cyclone/rain party!And while you have missed out on this beauty, we can all sit back and appreciate just how ‘straya it is.With corrugated iron, exposed timber, XXXX and VB stickers, this quintessential Aussie bar at 72 Stanton Rd in Tingalpa now has new owners.It is located on the ground floor of a two-level Colonial house, which was built in 1993.Horse shoes and bits and bobs hang from beams, and stools are placed around a wine barrel next to a wood burner fire place.Its creators, a retired couple, sold up at auction at the weekend for $960,000.Ray White Wynnum-Manly agent Vicki Fraser said the vendors were leaving for a sea change, but we are almost sure they won’t have a bar like this there.last_img read more

2018 a stellar year for growth at Chapel Hill

first_imgMcGrath Paddington agent Reuben Packer-Hill has seen strong growth in Chapel Hill.According to CoreLogic data, the suburb median house sale price for Chapel Hill was $832,500 — a 6.4 per cent rise in the 12 months to September and a massive 37 per cent in the past five years.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoAt the same time last year, Toowoong and Indooroopilly both had a median of $850,000, while Chapel Hill had a median of $782,500, making it far more affordable.However, while Indooroopilly’s median continued to rise to $865,000 this year, Toowong had, in fact, fallen below that of Chapel Hill, now sitting at $797,500. The house at 99 Burbong St, Chapel Hill, sold for $1,020,000 this year.A record low interest rate teamed with increasingly popular school catchments has seen a boost to the median house sale price of Chapel Hill.McGrath Paddington agent Reuben Packer-Hill believed inner-city buyers, who would traditionally consider suburbs like Indooroopilly, had moved out a little further to get more bang for their buck.“As the market has improved over recent years, we have seen more inner-city buyers step out from the likes of Toowong or Indooroopilly to find better value for money,” Mr Packer-Hill said. Popular schools, such as Chapel Hill State School, are driving growth in the suburb.Mr Packer-Hill said school catchments and recent upgrades in infrastructure had also contributed in the suburb’s rise in popularity.“The incredible schooling options in the area continues to be one of the key criteria for most of our buyers, trying to secure placement in either Chapel Hill State School, Indooroopilly State School and Kenmore Primary or High Schools,” the agent said.“The rezoning of Indooroopilly, opening of Legacy Way and redevelopment of local retail precincts have also had a positive impact on prices over the years.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, 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 Rate1xFullscreenWhy moving to a ‘sister suburb’ can save you money00:37Mr Packer-Hill said having more buyers than product available was boosting prices, and he expected this growth to continue into 2019.“It is important that I add context by explaining, this growth has been manageable and more importantly, sustainable.“I believe Chapel Hill still remains relatively undervalued compared to some surrounding suburbs, and that there are key fundamentals for further price growth in the medium-long term. “The first half of 2019 may be a little slower than expected, with school holidays, federal election and completion of the Banking Royal Commission (but) we have very strong fundamentals for continued price growth.”last_img read more

The Townsville ‘no hoper’ house with wannabe gangster graffiti

first_imgWhat would it take to entice you to buy this property?There is a new contender for Australia’s worst house, and you just know it is a lost cause when its best features have nothing to do with the property itself. When it came time to crafting the listing, the agent kept it brief: “House for demolition or removal on a 809sq m block. Close to schools and sporting fields. A short distance to a Hospital”. MORE NEWS: Why buyers are snapping up total hovels Cape York’s murder mystery station for sale But inside it was a no hoper!Every wall had been kicked in and remnants of a fire were located in the front bedroom.Marketing agent Ryan McHarg of Ray White East Brisbane labelled it “the worst house I have ever seen”. FOLLOW US ON FACEBOOK And the 481-vandals have pledged their allegiance (eye roll please) to their postcode at the propertyMore from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoJim Campbell of John Gribbin Realty Aitkenvale said the property was being sold “as is”.“We can’t even get in to it,” he said. “There are bars all over the windows and every entry point has been barred up. “I don’t even know who owned it.”He said the ramshackle residence sat on a decent block, and had been vacant “for some time”.The median house price for Gulliver is currently $277,500, according to the latest market trends report from CoreLogic.House values have jumped 30.9 per cent in the suburb in the past 12 months.Mr Campbell said the property had just been listed, but it was in a good location so he expected there to be interested buyers.It comes after Brisbane’s worst house at 47 Birch St, Marsden sold for $253,000 on June 1. It looked okay from the outside …Again, vandals had made their mark on the property, declaring their love for “Kylee” and their hatred for “Steve”.At the time of its listing, the three-bedroom brick dump on the city’s southside was deemed so unliveable that potential buyers were not even allowed inside to inspect it.center_img City pads for under $150k Jailed lawyer sells mega mansion There are few redeeming features but it does sit on a large block of landJust three images accompany the listing, and show boarded up windows, a red spray painted sign on the door saying “enter at your own risk” and what appears to be graffiti by wannabe gangsters who at the very least know the postcode they hail from.Outside there is a discarded mattress and what appears to be a car seat. But this is not “The Hood”. This is 38 Kingston St in Gulliver, a suburb in Townsville. Property records show the property is being managed by The Public Trustee of Queensland, and it will go to auction on July 13.last_img read more

Maersk Supply Service enters Mexican market with new long-term gig

first_imgMaersk Supply Service has secured a long-term contract with Subtec S.A de C.V. of Mexico, a subsidiary of Blue Marine Group, for one of its Stingray newbuild vessels.Maersk Supply Service will enter the Mexican market for the very first time with a long-term contract award with Blue Marine Group, the company informed on Tuesday.According to the vessel provider, this contract secures utilization of one of its four Stingray subsea support vessel newbuilds, none of which have been delivered to date.To remind, Maersk Supply last month postponed the delivery of five anchor handling vessels under construction at Kleven Yard in Norway and four Stingray vessels under construction at Cosco, Dalian in China. Under this new agreement, delivery dates for the Stingray vessels range from summer 2017 to spring 2018.“This contract is the result of two companies working together to provide a superior integrated service offering and we look forward to building a strong partnership with Blue Marine Group going forward. We are excited to commence our activities in the Mexico region and offer the exclusive capabilities and operational efficiencies of our Stingray new-building to Blue Marine Group and their clients,” says Chief Executive Officer Steen S. Karstensen.The Stingray vessel will be operating in the Bay of Campeche performing general support duties for Blue Marine and its clients, including IRM and maintenance of Pemex’s platforms as well as enhancement and well stimulation.The contract will start in autumn 2018 with a firm duration until June 2020.Juan Reynoso Durand, Executive Chairman of Blue Marine, said: “Despite the challenging market, we are confident that this vessel will be a valuable tool for our Group in order to provide integrated services to oil companies in the region in the years to come. It is also an opportunity to create synergies between Maersk Supply Service and Blue Marine for the oil & gas market.”last_img read more

Borealis becomes official partner of Waves4Power

first_imgBorealis informed that it will become an official partner of Waves4Power (W4P), a Sweden-based company that develops and sells wave energy systems. The heart of these systems is the WaveEL buoy – a point absorber – that converts the energy of waves into electrical power, the company explained.Waves4Power have launched and connected the first wave power system to the Norwegian electricity grid.At the same time, the company has started the development of the WaveEl buoy “Next Generation”, using polyethylene (PE) for the main body of the new buoys.Borealis is playing an important role in this development work and will be bringing the sustainability benefits of its Borstar PE materials in terms of light weighting, resource efficiency and corrosion resistance to the strategic partnership.“Having Borealis as a partner will help us to achieve our goal of having light and corrosion resistant buoys with increased energy efficiency, to achieve overall better sustainability footprint. It will also help to make these systems more affordable,” said Ulf Lindelöf, Waves4Power Chief Executive.“Borealis wants to help Waves4Power overcome the limitations of their current technology with our time-tried Borstar PE solutions. We believe these materials will play an essential role in taking the next steps in harnessing marine power,” said Gisela Lehner, Borealis Senior Application Marketing Manager. “Partnering up with Waves4Power ties into our Sustainability strategy, where one of the 3 focus areas is Energy & Climate. Here we have set our focus on developing innovations that contribute to increase energy efficiency and use of renewable energy to help achieve the UN Sustainable Development Goal of addressing the Energy Challenge.”last_img read more

11 Crew Airlifted from Sinking Ship off Hong Kong

first_imgEleven crew members have been evacuated from a sinking cargo ship, identified as Hong-Tai 176, while underway in the waters of Hong Kong as tropical cyclone Pakhar battered the area.The vessel sent a distress call while en route some 64 nautical miles east of Hong Kong on Sunday morning, August 27, with 11 crew members on board, Xinhua reports citing the Government Flying Service (GFS) of China’s Hong Kong Special Administrative Region (HKSAR).Once informed of the incident, GFS sent a helicopter to the scene to rescue the distressed crew.When the aircraft arrived at the scene, the ship’s bow was reportedly already submerged into the water.As informed, 10 airlifted crew members were in stable condition, while one sailor sustained minor injuries. The rescue operation was hampered by strong wind, water swells, and poor visibility.The Chinese-flagged vessel sank shortly thereafter.Based on the latest update from the government, the cyclone Pakhar is moving away from Hong Kong.On August 27, the Hong Kong Pilots Association Limited said that the pilotage service will partially resume from 10 pm Sunday and will fully resume operations when weather conditions improve. The pilotage service was suspended as of August 26 due to the tropical cyclone. The Tuen Mun Ferry Terminal in Tuen Mun, the China Ferry Terminal in Tsim Sha Tsui and the Hong Kong-Macau Ferry Terminal in Sheung Wan have been reopened as well.World Maritime News Stafflast_img read more

Hyundai Mipo Dockyard Closing a Dock amid Work Shortage

first_imgAmid poor ordering activity and accompanying work shortage, South Korean shipbuilder Hyundai Mipo Dockyard will be closing a dock in Ulsan for three months to save money, the Korean daily Pulse informed.The dock number four, the smallest of the shipyard’s four units with 350,000DWT capacity, is said to have been idle since August 17 when the yard completed its last vessel on order.Full operation is expected to resume in December when construction on a RORO ship is scheduled to commence, the daily reported citing a company official.Furthermore, the shipyard is said to be in talks with its union on a proposal for workers to take unpaid leave in order to cut costs amid insufficient workload. A similar proposal has been made by the company’s parent builder Hyundai Heavy Industries (HHI) which has been faced with over 5,000 of idle workers.In June this year, Hyundai Mipo launched negotiations with workers on a collective wage deal.“In the face of a dire situation where the workload is rapidly shrinking, we should stand united. If management and labor join forces together, we believe we can lay a solid foundation for take-off,”  Young-seuk Han, President and CEO of HMD said on the occasion.The announcement on the dock shutdown comes on the heels of an order for the construction of four bulk carriers from Bahri worth USD 120 million.The bulkers are scheduled for delivery during the first half of 2020.World Maritime News Stafflast_img read more

Deepwater Wind Mulls Brooklyn Offshore Wind Hub

first_imgUS offshore wind developer Deepwater Wind has indicated its interest in establishing a hub on the Brooklyn waterfront to support its South Fork Wind Farm and future projects offshore New York, subject to necessary approvals.The hub would be located on the South Brooklyn Marine Terminal which is being reactivated as a major maritime hub under the Sustainable South Brooklyn Marine Terminal (SSBMT) project.According to the New York City Economic Development Corporation (NYCEDC), SSBMT has the potential to create over 1,000 jobs by serving as a fabrication hub for Deepwater Wind.”Establishing a home for the emerging offshore wind industry on our working waterfront is a once-in-a-generation opportunity,” said Ben Margolis, Executive Director, Southwest Brooklyn Industrial Development Corporation.The 90MW Deepwater ONE – South Fork project comprises 15 turbines installed some 30 miles southeast of Montauk, and represents the first phase of a regional offshore wind farm Deepwater Wind proposes to develop in the area.The project is scheduled to enter the construction phase in 2019 and be fully commissioned in 2022.The Long Island Power Authority (LIPA) has agreed to purchase all of the electricity generated by the wind farm for a period of 20 years.last_img read more

EU Gives Green Light to Stena-Hyundai Glovis Joint Venture

first_imgThe European Commission has approved the creation of a joint venture by Swedish Stena Rederi, part of Stena AB, and German Glovis Europe, which is controlled by South Korean Hyundai Glovis.As informed, the joint venture will mainly operate short-sea transport services on pure car and truck carrier (PCTC) vessels in Europe.“The commission concluded that the proposed acquisition would raise no competition concerns, because of the limited activities of the joint venture and the absence of horizontal overlap or vertical relationship between its activities and those of its parent companies in the European Economic Area,” the European Commission said after examining the transaction.Stena Rederi supports the shipping activities of its parent company Stena by providing shipbuilding, crewing and technical services.Glovis Europe provides logistics services for finished vehicles and parts and supports the global deep-sea activities of its parent company Hyundai Glovis, an integrated global logistics and distribution company.last_img read more