Changes to high-rise plans have lured buyers looking for more space

first_imgMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North12 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoBuyers have responded to the changes.The tower will be built on site of the old Oak building on the corner of Remembrance Drive and Gold Coast Highway. Knight Frank Director of project marketing Chris Litfin said buyers had responded enthusiastically to the revised development plan.“Buyers really like the fact that they can live in the heart of Surfers Paradise but can still enjoy hectares of riverfront parkland – it is like an oasis in the city,” Mr Litfin said. “The previous plan had a wave of inquiry from local downsizers that wanted to be in a central position on the Gold Coast. But, they wanted bigger apartments and extra car parks, particularly with the three-bedroom apartments.”Mr Litfin said sales had skyrocketed since the changes were made. “Buyers are also amazed that the apartments start at only $495,000 – which allows downsizers the opportunity to sell their existing house and relocate, with change in their pockets to travel,” he said. Morris Property Group development manager Brodie Lister said the price point and location, away from the Surfers Paradise nightclub and restaurant area, made it attractive to owner-occupiers. Price and location has attracted buyers to Essence.REVISED plans for a Surfers Paradise high-rise have resulted in $10.5 million worth of sales.The 33-level Essence tower, originally launched in 2015, was reworked after market feedback saw owner-occupiers demanding more parking spaces and larger rooms.Developer Morris Property Group has now made 20 sales in the 183-apartment project.Two-bedroom apartments range from 98sq m to 162 sq m while three bedrooms are up to 132sq m. Prices range from $495,000 to $899,000. Finishes include Parisi tapware and Ilve appliances. last_img read more

These suburbs are the prime movers on the coast

first_img MORE NEWS: Lowest home loan rates revealed Surfers Paradise houses had the biggest surge in the year to March, rising 14.8 per cent to $1.55m.COOLER property market conditions felt across the country appear to have been short lived on the Gold Coast, with new data showing activity in the city is starting to heat back up.The latest Real Estate Institute of Queensland Quarterly Market Monitor report, released today, reveals the Coast’s median house price recorded the second-highest rise in the three months to March, making it one of the state’s most expensive places to live.While other parts of the country suffered significant declines, the city’s median house price rose 0.8 per cent to $625,000. Rockhampton was the state’s shining light, jumping 15.2 per cent.The Gold Coast’s median house price also rose 0.8 per cent for the year to March. PRIME MOVERS: THE COAST’S TOP FIVES 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 “It shows the Gold Coast has obviously got good resilience … to have a positive quarter when the vast part of the country has gone into negative territory regarding property prices,” he said.“(The 0.8 per cent) is a much more manageable and sustainable growth level.“Where we’re seeing double figure growth in a year is not sustainable.”Industry experts noticed the market had already picked up since March following the federal election and the announcement of an interest-rate cut and more relaxed lending criteria.The report showed units were in the recovery phase of the cycle, with the quarterly median price dropping 4.5 per cent to $422,000.However, the Gold Coast is still the third most expensive LGA in the state for units and townhouses. The Gold Coast housing market was showing a “quiet confidence” according to REIQ.Property experts say the city’s resilience has been based on a wave of interstate migration and a strong economy.They are confident of the future too, especially with activity picking up almost immediately after the federal election and the Coast not solely reliant on traditional pillars tourism and construction.Over the past five years, the Coast’s median house price has climbed 28.9 per cent.Compared to Sydney and Melbourne markets, which have each felt 10 per cent drops in the past year, the Glitter Strip appears to be one of the shining lights in an otherwise dull market.REIQ chief executive Antonia Mercorella said the market displayed a “quiet confidence” in the first quarter of this year, indicating an “optimistic” long-term view.“While the Gold Coast housing market is holding steady, it is considered to be within the rising market sector of the price cycle,” she said.“The Gold Coast was the state’s third-most expensive local government association (LGA) for houses based on the annual median price to March 2019, behind Noosa ($750,000) and Brisbane ($680,000).” MORE NEWS: String of properties sell in dayscenter_img The weather and lifestyle plus jobs and infrastructure were helping the coast weather the downturn elsewhere.The increase comes despite an 18 per cent drop in the number of sales during the quarter.Most of the 1096 houses that sold were between $500,000 and $1 million, which made up 64 per cent of all transactions in the period.Director of self-titled agency Lucy Cole said buyers and sellers were no longer hesitant.“There was a lot of nervousness prior to the election,” she said.“We feel it’s turned a corner and there’s a lot of confidence out there.”REIQ Gold Coast zone chairman Andrew Henderson said property owners doing more renovations and rebuilds could have helped bolstered the median house price, while the number of listings and sales continued to decline.Stamp duty was also one of the biggest hindrances when buying and selling, he said.More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoBut he believed a stable economy with plenty of jobs and improved infrastructure as well as interstate migration were primarily responsible for the increase. MORE NEWS: Coast house prices have tripled over 20 years MEDIAN HOUSE PRICE MOVERS (yearly data to March)— Surfers Paradise, up 14.8 per cent to $1.55 million— Biggera Waters, up 13.2 per cent to $731,5000— Paradise Point, up 11.1 per cent to $1,097,500— Jacobs Well, up 9.2 per cent to $510,000— Nerang, 9.1 per cent to $900,000MEDIAN UNIT AND TOWNHOUSE PRICE MOVERS— Broadbeach Waters, up 22.3 per cent to $565,000— Bilinga, up 16 per cent to $690,000— Highland Park, up 12.9 per cent to $350,000— Mermaid Beach, up 11.3 per cent to $467,5000— Runaway Bay, up 10.4 per cent to $530,000 (Source: REIQ based on 12 months to March 2019)last_img read more

WHO warns that deadly new virus threatens the world

first_img Tweet HealthLifestyle WHO warns that deadly new virus threatens the world by: – May 31, 2013 Share Concerns increase as newly-named MERS-CoV continues to spread and has a mortality rate of more than half of those infected.GENEVA, Switzerland, Friday May 31, 2013 – Within weeks of demonstrating that it can be passed between people in close contact and has a mortality rate of more than half of those infected, the novel coronavirus has officially acquired a name, as well as a disturbing reputation.Middle East respiratory system coronavirus, or MERS-CoV, is “a threat to the entire world,” the World Health Organisation’s (WHO) general director warned on Monday.It “is not a problem that any single affected country can keep to itself or manage all by itself,” Margaret Chan said in her closing remarks at the 66th World Assembly in Geneva, Switzerland.Adding to concerns, Chan noted that health officials do not yet know much about how the virus spreads, which makes it hard for scientists to prevent infections.Meanwhile, the virus continues to spread, with the worldwide total now at 49, according to the World Health Organisation.The organisation further noted that of the 49 known infections with the MERS-CoV virus, 27 have resulted in death.The latest deaths were reported in Saudi Arabia, with that country’s health ministry saying on Wednesday that three people had died from their infections in the country’s eastern region.While many of the cases have occurred on the Arabian Peninsula, there have also been cases in France, the United Kingdom and Germany.“All of the European cases have had a direct or indirect connection to the Middle East,” the WHO said earlier this month.But “in France and the United Kingdom, there has been limited local transmission among close contacts who had not been to the Middle East but had been in contact with a traveller recently returned from the Middle East.”A patient died in France on Tuesday after having contracted the virus during a trip to the Middle East, the organisation reported.Coronaviruses cause illnesses ranging from the common cold to SARS, or Severe Acute Respiratory Syndrome, as well as a variety of animal diseases.The new coronavirus, MERS-CoV, acts like a cold virus and attacks the respiratory system. But symptoms, which include fever and a cough, are severe and can lead to pneumonia and kidney failure.The World Health Organisation is calling for the world to pull together its resources to study and tackle the virus.Caribbean 360 Sharecenter_img Sharing is caring! Share 70 Views   no discussionslast_img read more

Keegan: Mancini deserved more time

first_img Keegan, who managed City between 2001 and 2005, admitted the club had failed to build on the success of winning the Barclays Premier League and said that was not entirely Mancini’s fault. A year to the day that City won a thrilling final day game against QPR to pip rivals Manchester United to the title, Mancini was told his services were no longer required. Keegan told BBC Radio 5 Live’s Sportsweek programme: “(It’s) surprising if you look at the length of time, but if you look at what’s happening in football now (it’s) not surprising at all.” He added: “It was a season where they (the club and the manager) didn’t build on the last season. They didn’t make any progress and, in fact, they took a step backwards.” The former England manager felt City should have gone on to more success after Mancini added the Premier League title to the FA Cup and Community Shield. “They made a mistake in that they didn’t strengthen the side in the right way having won something.The signings this season have been poor and that’s what cost them.” Keegan felt claims that falling out with City’s players had cost Mancini his job were a convenient excuse for the club’s owners. He added “They (the club’s owners) are looking at reasons to justify sacking someone who 365 days earlier had won something for them. They couldn’t turn round and say he hasn’t done a good job, three trophies in three seasons after they hadn’t won anything for so long was fantastic.” Keegan believes Mancini’s successor – with Malaga coach Manuel Pellegrini the favourite – will be expected to deliver silverware. “I think he will realise he’s going to a club that has ambition. He’s going to a club that already has a lot of good players,” he said. Former Manchester City manager Kevin Keegan has said he was surprised by the timing of Roberto Mancini’s sacking.center_img Press Associationlast_img read more