Wooloowin house sold under the hammer for $1,150,000

first_imgThe front of the house is more traditional, with VJ walls and decorative fretwork.The house also sold considerably above the median house sale price for the suburb, which according to CoreLogic data is $806,075.Wooloowin has experienced a 4.3 per cent increase in the median sale price over the 12 months to August.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 The kitchen has stainless steel benches.The house was built 110 years ago, and is currently a combination of old and modern.The front of the house presents as a quaint Queensland cottage, while the rear is a contemporary open plan kitchen, living and dining space, which opens out to a large pool. The rear of the house is contemporary, with soaring windows.Mr Horsley said the house sold to a female buyer for $1,150,000.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago“She liked the quietness, the open space, the swimming pool the greenery and the position.” he said.The house sold for almost double what it did when it last changed hands in 2005, when it was sold for $580,000.center_img The house at 26 Lisson Grove, Wooloowin, sold at auction for $1,150,000.FIVE registered bidders fought it out at auction for a three-bedroom house at Wooloowin earlier this month.A crowd gathered to watch the auction at 26 Lisson Grove, and Ray White Ascot agent Guy Horsley said bidding was “fast and furious”.last_img read more

Top tips to get financially fit

first_imgMs Mann said venturing into markets without having knowledgeable, independent professionals on your side could be dicey.“Building relationships with advisers now means that when opportunities arise during 2019, you’ll be prepared to get the speedy answers you need to make fast, well-informed decisions,” she said.“Look for experts who have a strong track record and no special interests beyond looking after their clients.” Investors set to gain the most in 2019 will have healthy balance sheets, according to Ms Mann.“Now is the time to get your financial affairs in order so you can put forward a strong case to the lenders when a prospect to buy arises,” she said.Ms Mann said it was “essential” to do a home budget and balance sheet and look for ways to tighten up spending.“Banks currently scrutinise household spending going back three to six months during the approval process, so be ready for a future loan application by implementing your new home budget straight away,” she said. “Also, ensure your records are impeccably kept and up to date.”Ms Mann said while conditions are tough for borrowers, banks will compete for those with the right numbers. 2. Check your leases UP FOR GRABS: 8 REMICK ST STAFFORD HEIGHTS Flex some muscles and get financially fit this yearWhile many of us have already failed to keep our new year’s resolutions, it is not too late to get financially fit. And with the property market set to heat up, Herron Todd White director Angeline Mann says it’s the perfect time to establish good practices. 1. Do your budgetcenter_img Ms Mann said smart landlords studied their existing lease details well before they were due to be renewed. She said locking in good tenants on long-term leases was a smart move.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours ago“In some cases, avoiding a rent rise – or even lowering the rent come renewal time – means you can keep a good tenant longer and reduce your vacancy,” she said. “If your $500-per-week property is vacant for three weeks, that’s $1500 in lost income which equates to almost $30 per week. “A better solution would be to reduce the rent to $480 a week and keep the tenant in place.” 3. Start collecting sales and rentals information Ms Mann said smart investors were becoming borderless, and were looking beyond Sydney and Melbourne.She said Brisbane and Adelaide offered promise, but even regional centres were solid possibilities – particularly for those driven by affordability.“A strengthening in the tourism and agricultural industries has resulted in price rises across many previously underperforming markets in regional Australia,” she said. “Don’t be tethered to past biases about markets – consider those lesser-known locations as well.” 5. Contact your advisers Being well informed about markets helps investors spot opportunities quickly, Ms Mann said.“There’s no substitute for studying actual, completed sales or rentals in a suburb across a three-to-six-month period in order to paint a picture of a market’s direction,” she said.“If you have selected a location, start putting together a file of properties that have sold and/or leased in your price point straight away. Keeping a record of transactions is invaluable, and a file compiled over a minimum three to six months is absolutely essential.” 4. Research lesser known marketslast_img read more

Country music star’s farm ‘escape’ under offer

first_imgThe family farm owned by country music star Troy Cassar-Daley and his presenter wife Laurel Edwards is under offer.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p360p360p180p180pAutoA, 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 Rate1xFullscreenTroy Cassar-Daley sells his farm!00:29The homestead at Carinya.The property, known as Carinya, went to auction last Friday, with two bidders vying for the rural vista, which is about one hour west of Brisbane.Country singer Troy Cassar-DaleyBut the property was passed in, with negotiations securing a conditional offer the next day.RELATED: Country music star is ready to let goRay White Ipswich agent Jackson Wales said the successful party was a young local couple, who he described as “awesome, laid-back, typical Aussies.”“They are keen to use it for farming and maybe rent the house out to friends who are moving down from the north,” he said.He said Cassar-Daley and Edwards were sad to say goodbye to their much-loved city escape.Records show the celebrity couple bought Carinya back in 2007, with the property even featuring in the music clip for the country crooner’s song, I Love This Place.Lyrics for that song pay homage to Carinya and his beloved family, with words such as “I take a lot of pride, in this place I reside”.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoCarinyaSpeaking to the Courier Mail ahead of the auction, Cassar-Daley, who is on tour, said nostalgia had set in.He also spoke of his many fond memories at the farm.“It’s that time of our lives where we have two adult kids and we have to move on to the next part of our lives that doesn’t involve riding and caring for horses or slashing paddocks,” he said.“It’s been a big part of our children’s lives and a nice escape from the city.”The lifestyle property at Vernor spans 4.1 hectares. The homestead has four bedrooms, two bathrooms and parking for six vehicles.It has landscaped gardens and stunning river views, a country-style kitchen plus a number of living areas.There is also a huge powered shed, two main paddocks, cattle yards and multiple day shelters, a water allocation from the Brisbane River, town and tank water.Mr Wales said the property was expected to settle by June.last_img read more

The House Rules home given a $200k overhaul

first_imgHe said that since the show they had “poured just over $200,000” in to further renovations.“We extended upstairs to an enormous master bedrooms, we extended downstairs to add another bedroom, we put on a deck, redid all of the landscaping and fencing and rendered the entire outside of the house,” he said. More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoMr Edgeworth said they renovated to suit their own needs, and had created a dream home. But he said they were “gluttons for punishment” and were ready for a new project.The couple recently signed the contract on a fixer-upper in the sought-after suburb of Bulimba.“It is worse than this one was,” he said. Mr Edgeworth said the show and the subsequent renovation had been challenging, but they had grown closer as a result.But he said they would not be in a hurry to live in their new house during the renovation process.“It is probably beyond living in it and renovating it at the same time,” he said. The couple’s House Rules home at 18 David St in Morningside will hit the market tomorrow, and is listed with Place Bulimba agent Rachel Fechner.Mr Fechner said the four bedroom, two bathroom house was massive compared to when the couple bought it eight years ago. Ben and Danielle Edgeworth in front of their renovated house before the 2015 finale of House Rules. Pics Tara Croser.Property records show the couple bought the tired brick house for $482,000 back in 2011, soon after they were married. What the house looked like before the show. CoreLogic What it looks like now after the show and the post-show renovationsThe series saw five other teams from around the country transform the two-storey house, which was also featured in news coverage after the 2014 hailstorm that ripped through parts of Brisbane. The kitchen before the show Source: CoreLogic The kitchen after the show and the extra renovations post showThe house rules were simple — they wanted it styled “preppy eclectic” and with a mix of old and new pieces. The entry was to be quiet but showy, while they wanted to maintain a hint of “ski chalet” in the living room. The living space before House Rules And the living area now after the show and post the most recent renovationsAnd they wanted a dressing room “to die for”.Mr Edgeworth said the original house was the first one the couple had bought together, and had a ski chalet-feel.“At one stage we counted and there was eight or nine different types of timber panelling throughout the original house,” he said.“It was awful but it had a lot of charm.”The firefighter, who was a concreter and renderer when they entered the show, said they liked a lot of the changes made by the other contestants during the reality series, but they felt the floorplan did not work. The home with a licence to thrill Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:11Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:11 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 Rate1xFullscreen5 tips to style your home for sale01:12It didn’t quite rule, but this Morningside home wasn’t far off.Ben and Danielle Edgeworth’s house at 18 David Street was a runner-up on the 2015 series of House Rules, but the couple were not happy with the end result.They invested another $200,000 to revamp the floorplan. It hits the market today. MORE NEWS: House Rules champs sell winning home Justin Bieber’s epic $13m mansion for sale “The master bedroom is elevated and massive, with his and hers walk-in robes and an ensuite with a claw foot bath,” she said.“One of the other standout features is that it has two entertaining areas, one of the living, dining and kitchen area and the other of the separate living area.“It is ideal for families and I am excited about this one.”The property will go to auction onsite at midday on November 9.last_img read more

Data shows you don’t need to be a millionaire to be elite in QLD

first_img MORE: What a $1.5m renovation looks like In Queensland, the highest 98th percentile house value was at Noosa on the Sunshine Coast, where you need to have bought a home for $1.87million or more to be the cream of the crop, according to CoreLogic data.In Brisbane council region the figure was much less at $1.52m while the Gold Coast was $1.33m and Sunshine Coast was $1.06m.But the real surprise was Redland council region where you have to spend about a million to be among the elite top 2 per cent of homes in the area, with the minimum spend required at $1.079m, about $20,0000 more than the Sunshine Coast.CoreLogic research headTim Lawless said that what stood out the most was the affordability within Queensland’s richlist areas. James Bond house the hottest in QLD right now North Burnett $288,866Paroo $75,928Quilpie $147,131 Redland $1,079,043 Bundaberg $453,106Burdekin $358,406Burke $184,833 Cairns $870,501Carpentaria $252,646Cassowary Coast $482,986Central Highlands $405,143Charters Towers $419,131Cloncurry $314,795Cook $483,395Croydon $168,164 Diamantina $252,785 Douglas $942,948 (Source: CoreLogic) Etheridge $187,508 Flinders $170,672 Fraser Coast $528,902Gladstone $527,374 Gold Coast $1,333,354 Balonne $535,037Banana $331,847Barcaldine $198,735Barcoo $144,442 Blackall-Tambo $122,987 Goondiwindi $692,222Gympie $539,984Hinchinbrook $405,996Hope Vale $554,932 Ipswich $592,542Isaac $329,606Livingstone $649,887Lockyer Valley $520,059Logan $783,613More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoLongreach $253,805Mackay $577,540Maranoa $431,754Mareeba $567,497McKinlay $224,167Moreton Bay $889,483Mount Isa $333,116Murweh $139,885 Noosa $1,865,702 Boulia $216,161 Brisbane $1,516,055 Richmond $168,974 Rockhampton $466,779Scenic Rim $808,953Somerset $648,148South Burnett $351,457Southern Downs $500,081 Sunshine Coast $1,062,828 If your house is worth $1.5m or more in the Brisbane City Council region, you are among the top 2 per cent in the city.YOU don’t have to be a millionaire to be top dog in your neighbourhood, with latest figures showing only five Queensland councils where owning a $1m-plus home is compulsory to be elite.In fact in some council regions like Bulloo, all you need is a spend of $102,829 on a house, and you are the elite. 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 “Brisbane has a significantly more affordable entry point to the ultra-high end of the housing market compared with Sydney and Melbourne,” he said. He said while Sydney’s median house value was 67 per cent higher than Brisbane’s, at the top end of the housing market the value difference was 148 per cent.Melbourne’s median was 35 per cent higher than Brisbane, he said, while among the top 2 per cent of homes, its value was 95 per cent higher.“Brisbane hasn’t seen the same level of value appreciation in housing values that has been evident in Sydney and Melbourne over the past decade,” Mr Lawless said.The factors helping keep Brisbane affordable were weaker economic conditions in SEQ compared to the other two big capitals, and not having as high a global profile or iconic locations. That was not likely to change over the next few years, he said.“To see the 98th percentile rise above $2m implies growth of 55 per cent. Brisbane may get there eventually, but not over the next few years.”A 98th percentile house would set you back at least $3.21m in Sydney ($2.3m above the median) and $2.53m in Melbourne ($1.8m above its median), according to CoreLogic. If you paid this much for your house in these areas, you are top dog there: 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 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 Bulloo $102,829 Tablelands $543,084Toowoomba $682,870Torres $890,574Townsville $537,560Weipa $653,103Western Downs $398,943Whitsunday $577,803Winton $148,113 Yarrabah $360,238 Why Andrew Winter’s home popslast_img read more

The Nest secures record sale for Brisbane’s west

first_img MORE REAL ESTATE STORIES The new home that rose from ‘meth house’ ashes The Queensland city climbing the global property rich list The Nest, at 59 Nestor Ave, Bardon, has just sold for a record price.An architect-designed house in Brisbane’s middle ring has sold for a jaw-dropping price in what is expected to be one of the biggest sales of the year.And it is nowhere near the river.The Courier Mail understands that The Nest in Bardon, which was designed by award-winning Brisbane architect Shaun Lockyer, has sold for just shy of $8 million. The house was listed with a price guide above $7 million.Place New Farm agent Heath Williams sold the five-bedroom, four-bathroom house at 59 Nestor Ave, Bardon in just 10 days, receiving three offers in the first week. Just one of those offers was below $7 million.When asked if he expected any more $7 million-plus sales before Christmas, Mr Williams said “yes, a very confident yes.”“Look at the level of people with that capacity,” he said. “In that first week, we found five to six people who were willing to spend in that price range in the western suburbs for the right property.”The Bardon sale comes less than two months after 95-99 McConnell St, Bulimba set a new auction record for the river city when it sold for $8.4 million in September. That house has river frontage. One of multiple living zones at 59 Nestor Ave, Bardon.Mr Williams said he was now trying desperately to find similar properties.“I’m desperately trying to find property for the underbidders if you can call them that,” he said.“If I had three of these houses on the market I’d be selling them all.”There were seven private inspections of the 4240sq m subtropical estate.“The buyers bought it the day that they saw it last Thursday,” Mr Williams said.The contract was negotiated overnight, and went unconditional the next day.CoreLogic property data shows the sale has set a new record for the inner-western Brisbane suburb of Bardon. The Nest at Bardon is bordered by alfresco entertaining areas.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“It’s a local family, one of those rare opportunities,” Mr Williams said. “They hadn’t been looking for a while.”The house was built over 18 months by a boutique Brisbane builder who moved in to the property in 2015.It features sandblasted concrete, spotted gum timber floors and floor-to-ceiling glass.There is a separate tennis court, sprawling lawn, pool and a firepit. Outdoor living at the Nest in Bardon.“The house certainly represented value, when you think about the land cost and the build cost, it was an incredible architectural home on a beautiful flat block of land with city views.”But the sale is far below the $16 million which Brisbane Broncos chairman Karl Morris is believed to have received for the off-market sale of his estate at 1 King Arthur Tce, Tennyson this year. The former home of Brisbane Broncos Chairman, Karl Morris at Tennyson.This is Mr Williams’ third sale since returning to the Brisbane property market after spending five years in Dubai and Sydney.In 2010 he sold the award-winning H House at 33a Harbour Rd, Hamilton to fitness queen Lorna Jane Clarkson for $10.3 million.last_img read more

Renter who won $6 million Palm Beach prize complex makes smart call

first_img There are five apartments in the newly built Palm Beach complex.The newly-built complex at 1453 Gold Coast Highway comprises five modern fully-furnished apartments, including a double storey penthouse with ocean views.“I was very stunned and stereotypically speechless,” said Mr Matthews, who missed several calls from the RSL after having worked a night shift. “I think I said ‘wow’ about 20 times.” Giant skate bowl home sells for millions The prize complex, front and centre, at 1453 Gold Coast Highway, Palm Beach.When Gold Coast horticulturalist Nick Matthews found out he had won an entire apartment complex in Palm Beach, the first thing he did, after saying ‘wow 20 times’ was surprisingly level headed. The 30-year-old received a phone call from the RSL Art Union in May to inform he had won the $6 million prize, and the first thing he did was seek financial advice, and has ultimately decided to sell the apartments. MORE: Conditions now best in history for first homebuyers Inside an Ibiza-inspired beach pad on the Gold Coast Renters Nick Matthews and his partner Tamesha celebrated with a week in the penthouse.That same night Mr Matthews searched online for a financial adviser who has since been helping him navigate the process of managing such a windfall. “That night I looked up lotto wins and read about the high percentage of people who waste it or lose it,” he said. “It really is an emotional rollercoaster, what you go through. I wanted someone with a steady head to keep me grounded and explain what it all means. MORE: Investor snaps up Gold Coast’s most affordable housecenter_img “I’ve never had $100,000 in my bank account let alone any larger amount so I didn’t know what that meant. “I want this to last me a lifetime, not just the next five years.” Each apartment comes fully furnished by professional interior stylers.Mr Matthews purchased his winning ticket on a whim after a planned cruise holiday was cancelled, leaving him with $100 cash to splash.“I don’t even know how I ended up on the RSL Art Union website,” he said. “I never normally buy lotto tickets or spend money on raffles.”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 agoMr Matthews and his partner Tamesha, who rent a modest townhouse in Willow Vale on the northern Gold Coast, spent a week lapping up the penthouse life. The penthouse suite enjoys oceans views.Featuring five bedrooms, three bathrooms and two living areas, the 261 sqm penthouse has been professionally styled to the tune of $160,000 and would rent for $104,000 per year. “It was hard to pull ourselves away, especially having stayed in the penthouse,” Mr Matthews said. “It was so lovely waking up and walking to the beach and the cafes, it’s all very enticing.” All five apartments are now on the market.But with family and friends on the northern Gold Coast and work in Brisbane, Mr Matthews made the difficult decision to sell. The couple plans to buy a home once the sale is settled and invest the rest. The entire building is for sale in an expressions of interest campaign led by Ray White agent Jackson Paradise, with a penthouse, sub-penthouse and three two-bedroom apartments on offer. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:56Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:56 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 Rate1xFullscreenCOVID-19: Spring property predictions 202002:57 ‘Like a theme park’: Mega trophy mansion opens its doors Offers flood in for Australia’s most popular houselast_img read more

ConocoPhillips gets Barrosa field nod (Australia)

first_imgAccording to ConocoPhillips’ plan, the company expects the production rate of LNG will be 3.7 million tonnes per year, and 1.5 million barrels of condensate per year.While appropriate commercial arrangements are yet to be put in place, it is proposed to connect the new subsea gas export pipeline to the existing Bayu-Undan to Darwin gas export pipeline which feeds the onshore Darwin Liquefied Natural Gas (LNG) facility at Wickham Point, NT.This would allow transport of dry gas from the Barossa Field to Darwin for liquefaction and export. Gas from the Barossa Field would replace the existing supply from the Bayu-Undan Field following its anticipated depletion in 2022.As the new gas export pipeline route is still subject to refinement, a corridor has been identified for the purposes of the early stage Offshore Project Proposal (OPP) to allow flexibility for placement pending further engineering and environmental investigations.Potential future staged development in the smaller Caldita Field to the south in retention lease NT/RL6 has also been allowed for in the development concept.The development is anticipated to produce natural gas and light condensate. The expected LNG and condensate production rates are approximately 3.7 million tonnes per annum and 1.5 million barrels per year, respectively. The life of the project is expected to be approximately 25 years from first gas, which is targeted for 2023.Approval of an OPP does not permit an activity to start, as ConocoPhillips must also have all other required documents accepted (including an environment plan) prior to starting any activity.ConocoPhillips will now continue through the regulatory approval process and start work on an environment plan for submission to NOPSEMA for assessment.Offshore Energy Today Staff Australian offshore safety regulator NOPSEMA has approved ConocoPhillips’ Barossa field Offshore Project Proposal (OPP), following 8 weeks of public consideration and comment.The U.S. oil and gas company is proposing to develop hydrocarbon resources in the Barossa gas and condensate field Timor Sea using an FPSO unit. The company is targeting the final investment decision for 2019, with first gas expected in 2023.The Barossa Area Development is located in Australian Commonwealth waters within the Bonaparte Basin, approximately 300 kilometers (km) north of Darwin, Northern Territory (NT).The development concept includes a permanently moored FPSO facility, subsea production system, supporting in-field subsea infrastructure in the Barossa Field (petroleum retention lease NT/RL5) and a subsea gas export pipeline.The FPSO facility will separate the natural gas and condensate extracted from the field with the condensate exported directly from the FPSO facility to offtake tankers in the Barossa offshore development area and the dry gas transported via a subsea gas export pipeline for onshore processing.FID in 2019, production in 2023last_img read more

European ocean energy market study hot off the press

first_imgDG MARE, a body responsible for the EU Commission’s policies on maritime affairs and fisheries, has published an ocean energy market study which outlines the financial needs of the ocean energy sector in the EU.The scope of the study, co-authored by WavEC Offshore Renewables and Italian business management consultants COGEA, was to estimate the financial needs of the ocean energy sector in the EU, identify potential financing gaps and possible financing solutions, and to analyse recommendations of the ocean energy roadmap in that context.Three scenarios have been developed –  analyzing situations where all projects in the pipeline are deployed and start at the proposed date, over those where projects are deployed, but some are delayed, to the final ‘plot’ where projects are delayed or cancelled.In an ‘optimistic’ scenario, and given the current level of political support – about 3.9GW of cumulative installed capacity are expected globally until 2030. The capacity falls to 2.8GW in a second scenario, and to just above 1.3GW in a ‘pessimistic’ scenario, according to the report.OpenHydro tidal turbine installation at EMEC test site (Photo: Mike Brookes Roper/EMEC)The study has also found that most of the financial resources injected in the sector come from private equity – with over 75% coming from private finance to reach over €6 billion invested to the sector so far on a global scale.Excluding tidal range, the report notes that the investments for the sector could amount to €9.4 billion in Europe until 2030, according to the optimistic prognosis, whereas the ‘worst-case scenario’ out of the three predicts €2.8 billion, tops.There is also the case where the ocean sector could garner €7 billion, it is affirmed in the report.The study has confirmed that there are several funding instruments at national and EU level for prototypes and demonstration projects.What is lacking, the report states, is a critical mass of finance to further develop the sector and scale it up to a fully commercial dimension.“Ocean energy projects are usually too capital-intensive for venture capitalists and too risky for private equity. By the same token, borrowing from banks is often too costly. As a result, private investment in the ocean energy sector often involves own financing. While on the one hand this shows a certain dynamicity and optimism in the sector, on the other it seriously limits the overall availability of resources,” the report reads.By using public money to leverage private capital, the funds proposed in the Ocean Energy Roadmap might accompany the industry until it reaches the desired level of maturity – however – the funds alone will most likely not be sufficient to reach the tipping point after which the sector can stand on its own feet, without strong and stable public support, according to the report.“The injection of public money via the funds will certainly lower the level of risk for private investors, but these will continue seeking investments based on projected returns. Hence, a form of revenue support is of paramount importance to accompany the funds and maximize their effectiveness.“It is thus highly recommended to take action towards the implementation of revenue support mechanisms, as much as possible consistent across Member States, so as to create certainty. Besides legislative and financial support, forward looking and determination are key,” the report advises.Revenue support essential, industry body agreesResponding to the report, Rémi Gruet – the CEO of the Brussels-based industry body for Europe’s ocean renewable energy Ocean Energy Europe – said:Rémi Gruet (Photo: Ocean Energy Europe)“This study puts figures on how great an economic opportunity ocean energy represents for Europe – €2.6 billion already invested in the EU with 75% coming from private companies; 3.9GW of projects by 2030, representing €9.4 billion of investments – just to name a few.“Crucially, those figures are calculated.”Commenting on the current level of political support in the EU, Gruet remarked: “The EU has been a great supporter of ocean energy in the last years, politically and financially.“Yet revenue support is essential for any emerging energy technology to make it to market.“It is now up to France and the UK to give the right signals to investors so that this opportunity can materialize in those countries and in Europe.”last_img read more

BMT and Sonardyne Team Up on Subsea Monitoring

first_imgEngineering consultancy BMT and subsea technology company Sonardyne have signed an agreement to provide marine integrity monitoring solutions to the oil and gas industry.The official teaming agreement between BMT and Sonardyne, announced today at the Rio Oil & Gas exhibition and conference in Brazil, should allow the two companies to collaboratively provide smarter and more efficient through-life solutions for monitoring and managing critical subsea assets, including drilling and production risers, moorings and wellheads.By jointly offering BMT’s monitoring and analysis capabilities with Sonardyne’s expertise in autonomous, long-endurance data collection and through-water telemetry, clients globally will benefit from a wider range of options to bring more subsea integrity data to their desktops faster, making it easier for them to make safety critical decisions at the right time, the press release stated.BMT will bring 30 years of marine instrumentation design experience and integration expertise to the working arrangement, while Sonardyne will provide access to subsea data logging and communication technology including its SMART low-power subsea sensors.Stephen Auld, global business manager, Subsea Asset Monitoring, Sonardyne, said: “BMT are market leaders in marine instrumentation and riser monitoring technology and, having worked with them for a number of years now, we see this agreement as a way to transform what we can offer to the industry by working more closely together.”Rob Barker, regional general manager at BMT, stated: “Sonardyne are a world leader in the development of through water positioning and communication technology and these are integral components for our subsea integrity monitoring systems. We are delighted to have formalised a collaborative agreement with them.”The two companies are already working on proposals for major operators globally, which would offer significant cost reductions on existing systems, with longer periods between maintenance.last_img read more