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

Angels hoping Zack Cozart can return quickly from forearm tightness

first_imgA season-ticket holder who was nearby when the goose plummeted into the lower deck, Roach reported Thursday on the Tigers’ pregame show that she took the bird to the Michigan State Veterinary Medical Center, where it was in good shape. She said the goose was to be released in a couple days.The Rally Goose – so dubbed after the Tigers erupted for a five-run inning following the incident – became a viral hit on social media. The Tigers also had what appeared to be a plastic goose in their dugout during Thursday’s game. BUNTING AGAINST THE SHIFTWith Luis Valbuena and Kole Calhoun struggling for much of the season, and opponents frequently shifting against them, bunting has seemed like a decent option.A day after Valbuena dropped down his second bunt single of the season, Scioscia said it’s often not as good a play as you might think.“I know the guys look for it, and it was there last night,” Manager Mike Scioscia said. “The lion’s share of the time as we’re watching it, they’re taking it away. The third baseman is in enough, taking it away. It’s a little cat-and-mouse game. If it’s there, these guys try to take advantage of it.”Valbuena had no bunt hits last season, but he had four in 2016. This year, he had squared around three other times, but either missed or bunted foul. Calhoun does not have a bunt single this year, with only one attempt that went foul. He had two bunt hits in 2016 and one last year.ALSOBlake Wood is expected to be out 12 to 14 months after undergoing surgery to repair the damage to his elbow ligament that was replaced during Tommy John surgery six years ago, the Angels announced on Thursday. Wood, who is a free agent at the end of this season, underwent the follow-up surgery on Wednesday. …The Angels claimed right-hander Oliver Drake on waivers. Drake is out of options, so the Angels will need to add him to the 25-man roster. Drake, 31, has a career 4.81 ERA and 10 strikeouts per nine innings in 106-2/3 innings over parts of the past four years. This year, splitting his time between the Cleveland Indians and Milwaukee Brewers, he has a 7.94 ERA in 17 innings. …Ian Krol, who was designated for assignment on Monday, cleared waivers, but exercised his right to decline the Angels outright to Triple-A. Krol instead became a free agent. The 27-year-old left-hander pitched two scoreless innings on Sunday, after posting a 1.71 ERA at Triple-A. …Ian Kinsler was 9 for 14 in the four-game series against the Tigers, the club with which he spent the previous four years. “There is no doubt that Ian is seeing the ball better,” Scioscia said. “There’s no doubt he’s found his timing, and hopefully it will be the sign of good things to come because he’s going to be important to us.” …Jaime Barría, 21, will start against Bartolo Colon, 45, on Friday night at Angel Stadium. Barría was less than nine months old when Colon made his major league debut in 1997. …The Angels’ game at Houston on Sept. 2 has been added to the ESPN Sunday Night baseball schedule.UP NEXTAngels (Jaime Barría, 4-1, 2.97) vs. Rangers (Bartolo Colon, 2-2, 3.55), Friday, 7 p.m., Fox Sports West, KLAA (830 AM) DETROIT — Zack Cozart hadn’t even begun to take batting practice on Wednesday afternoon when he felt something he couldn’t explain.“I had no soreness or anything in my forearm, and I took a swing and it grabbed,” Cozart said Thursday after he missed a second straight game with tightness in his left forearm. “It just kind of zinged me and locked up on me. Hopefully, it’s like a spasm and not any kind of bad strain.”Cozart said he was not expecting to be able to play on Thursday afternoon, with the quick turnaround from Wednesday night. He said he is hoping that by Friday night, with another 24 hours or so to heal, that he’ll feel well enough to play.GOOSE UPDATEThe goose that flew into one of the scoreboards at Comerica Park on Wednesday night was still creating a buzz Thursday morning. The Tigers invited Dr. Catherine Roach, the local veterinarian who rescued the goose, to throw out the ceremonial first pitch before Thursday’s game.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more