Enquiries from interstate buyers looking to move to Queensland on the rise

first_imgThe Palmer family made the move from Sydney last year, and will soon build their dream waterfront home at Stockland’s Newport precinct.A new waterfront home near Brisbane or a one-bedroom “house” on the 25th floor of an apartment building in Sydney?It was a “no brainer” for the Palmer family, who relocated back to the Sunshine Statelast year.For half the price of a shack down south, the family-of-five will build their castle 35km north of Brisbane. And they are not alone in making the move north.Recent data shows that interstate migration to Queensland more than doubled between June 2014 and June 2016, reaching 11,581.And sky high house prices were among the leading reasons why, with Sydney ranked as the second least affordable city in the world earlier this year.Brisbane came in at number 18, according to US-based consultancy Demographia.Housing affordability and financial planning expert Robert Snell, who lives in Sydney, said there was little doubt buyers got more bang for their buck in Brisbane.But he said the biggest issue was the widening gap between median wages and house prices, with Sydney increasingly out of reach for the average Aussie.“That’s why I think you will continue to see that migration north,” he said.“Quality of life due to housing inequality, in my opinion, is a real risk.”But Sydney’s loss could be Brisbane’s gain, at least in the short term.Mr Snell sees Brisbane offering a huge opportunity for younger people to get a foothold in the market.RPS Brisbane regional technical director for economics Mark Wallace said the median house price in Sydney was “effectively half” that of Brisbane, and interstate migration had reached its highest point since the 2002 to 2004 period, when Queensland recorded its largest ever influx from interstate.“We still have a long way to go to get back up there (2002-04 figures) but I would say we are very much at the start of the cycle,”he said.“Back then our response was reactive so we really need to ensure we are ready for another population increase and that we learn lessons from Sydney.”Position Property director Richard Lawrence said his agency was already seeing huge demand from interstate markets.“We are seeing a lot of people, particularly from Sydney, buying within 10km of Brisbane CBD,” he said.“They are moving for work but lifestyle and affordability are big factors, with many reclaiming up to 15 hours of their life by cutting commute times.”Mr Lawrence said the trend had “really ramped up” in the last 12 to 18 months, with interstate movers happy to relocate for a lower paycheck as it was often offset by lower cost of living.Stockland’s Queensland residential communities general manager Kingsley Andrew said they were also receiving a steady increase in homebuyer inquiries from interstate.“This trend is becoming evident in all of our key corridors, including the Sunshine Coast, northern Moreton Bay region, western Brisbane corridor and on the northern Gold Coast,” he said.So what can $1.1 million – a rough estimate of the cost of a house and land package with waterfront views at Newport – get you within 40kms of Sydney? Not much.You could get a one bedroom, one bathroom “house” on the 25th floor of an inner-city apartment complex for $1.18 million.For $1.18 million you could get this one bedroom ‘house’ on the 25th floor of an apartment complex in the Sydney CBD.Or you may be lucky enough to get a two-bedroom cottage in Balmain for around $1.1 million at auction, or a Surry Hills terrace with “courtyard” (above).Or invite the whole family around for a barbecue at this $1.1 million Surry Hills house.Mr Wallace said it was “not a case of if but when” the great southern migration would return to Queensland.“When this growth does happen, the big question is how do we ensure we have enough housing and infrastructure, maintain affordability and avoid too many negative impacts on the existing community,” he said.In its latest quarterly business outlook, Deloitte said “good news is building in Queensland”.“The big fall in project construction has now stopped, Sydney housing prices are sending refugees north of the Tweed, gas output is set to soar, and numbers of students and tourists flocking here haven’t (or haven’t yet) taken damage from the frisky Aussie dollar.”***CASE STUDY: The Palmer FamilyNewport, Redcliffe, developed by Stockland.More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day agoWHEN the Palmer family began the search for their new home, the decision was an easy one.A $2 million cramped and rundown pad in Sydney or a spacious new waterfront home on the Redcliffe Peninsula.“It was a no brainer, really,” Adam Palmer, a chief information officer for a transport firm, said.Mr Palmer, his wife Peta, a senior accountant for a major insurer, and their three boys, Louis, 5, Benson, 3, and Wil, six months, moved back to Queensland last year, after spending six years in Sydney.They were able to move back in to their Scarborough home, but were keen to finally make their waterfront dream come true.That search found them at Stockland’s $590 million Newport community.“We wanted somewhere that was still close to family and friends but like somewhere you would happily go on holidays,” Mr Palmer said.“And I had always wanted a lakeside home and now that will be a reality.”Mr Palmer said the boys loved the water, and enjoyed fishing, swimming and collecting shells.“But I already have my eye on a boat,” he laughed.The family has purchased a 450sq m block overlooking what will be a 23 hectare non-tidal lake with access to an existing canal.They are currently working with builders and designers on their new home and hope to start construction mid-2018.“Our dream home will be a two-storey open planned house that looks out over a pool and the lake,” Mr Palmer said.“There will be a floating 40sq m deck over the water and a 17m jetty connected to that with a 15m cruiser hopefully moored there.“And there will be heaps of family and friends enjoying the entertaining spaces. That’s the dream.”It is a long way from the cramped apartment the family-of-five shared in Sydney.Stockland regional manager David Laner said they had seen strong early demand from potential buyers interest in Newport’s exclusive lakefront land.He said that popularity came on the back of significant interest in the developer’s other offering, canal blocks in the Quay precinct.“A total of 26 direct waterfront lots have already been snapped up at Newport, together with another 27 waterside lots in the Quay at Newport precinct,” he said.“Overall, we have sold almost 450 lots since launching last year.”Mr Laner said construction of the first lakeside lots had commenced, with completion expected in the second half of 2018.THE BASICSQUAY AT NEWPORTDeveloper: StocklandPrice: From $641,900Location: Sales centre on the corner of Griffith and Boardman Rdslast_img read more

Miralem Pjanić the most expensive B&H Football Player of all Times

first_imgMidfielder of FC Roma is worth 35 million EUR, thus breaking the record of Edin Džeko who reached the price of 32 million EUR in February 2012, in the shirt of Manchester City.Miralem Pjanić is the most expensive B&H football player of all times! According to the German website Transfermarkt.de, midfielder of the B&H national A team is worth 35 million EUR as of yesterday, which is the highest market value of one B&H footballer.Pjanić’s price increased by five million in comparison to last year and he is currently on the division of the fourth position of the most expensive players of Serie A. experts from Transfermarks yesterday refreshed the page according to which Pjanić made the biggest progress of all B&H players.That is another proof that the B&H fantasist has an excellent semi-season behind him, at least when it comes to performances for the Roman club. Pjanić played 21 match in the fall part of the season, scoring nine goals and recording six assists (15 in Serie A – seven goals and five assists, 2 in the Champions League – two goals and one assist, and one in the Cup of Italy where he had no effect).For comparison, Pjanić’s price in the time when he arrived in Roma (September 2011) amounted to ten million EUR. Good performances for the Roman club increased the price to the B&H national team player year by year, and at this time last year he reached 30 million EUR, which was already enough to promote him to the most expensive B&H footballer.However, his price oscillated during the year, from 28 million EUR in March, then 24 million EUR in July, to 30 million in November, when the last evaluation in 2015 was made. Additional five million he got at the beginning of this year, as well as the interest shown by Real Madrid and Barcelona who started “a war” because of him, are just another proof that Pjanić is the most valuable exhibit in the B&H football set-out and that some of the teammates he shares the dressing room with during national team gatherings will hardly catch up with his market value.(Source: faktor.ba)last_img read more

Cycling Tour Operator from Bangkok offering Tour in BiH

first_imgCycling tour operator Spice Roads from Bangkok, offers this year 10-day tourist tour by bicycle through Bosnia and Herzegovina, Croatia and Montenegro, writes BH news agency Patria.As they state in their offer, this journey is intended for all those who want to unite cycling, and at the same time to enjoy in beautiful regions of these countries and learn about the rich culture and tradition.Journey starts from the Herzegovinian gem Trebinje where participants will enjoy in the beauty of this city, welcome dinner, and will stay there two days.On third day they will move towards Croatia, and beautiful regions of Adriatic sea and Dalmatia will take their breath away. On the fourth day they are in Dubrovnik and Cavtat, and then move towards Montenegro where they will stay until the tenth day. They will visit Budva, Cetinje, Herceg Novi, national parks, rivers etc.Cyclists will ride through roads, hills, tunnels, railroad, and will enjoy in the views to towers, churches, picturesque villages, vineyards and other beautiful regions. At each point at which they stay, they will try local cuisine and feel the tradition and culture of those regions.All participants will experience the bike ride 367 km long that does not require special equipment. These tours will be organized in May, June, September and October.Mountain bike through rugged valleys and historic settlements along the turquoise sea of the Dalmatian coastline while imagining the glory of past civilizations that have left their marks on these emerging nations. Forget those war-torn years as today’s Bosnia and Herzegovina has returned to peace and is now inviting you to explore and witness its hidden treasures. With its breath-taking natural and cultural wealth, the country has emerged as one of the most popular destinations in the world. Croatia’s Dalmatian seafront is second to none and attracts sun-seekers from around the globe to enjoy its warm weather, balmy skies, and turquoise water.Similarly, Montenegro’s azure coast is lined with many stunning destinations: the heavenly Bay of Kotor, the vibrant and contemporary Budva Riviera, and quaint and serene Virpazar. Castles, fortress walls, and relaxing fishing villages tucked between orchards and the sea make for a very picturesque cycling expedition.Note that this trip’s total ascent is 6,467 m.last_img read more