How to save on demolition costs and pick up a profit “My kids have all moved out now, so it’s just too big for one person.”If the huge house and view isn’t enough, the large 9m by 12.8m carport with 4m clearance on one side, plus secured carport for two vehicles and separate lockup tool store is sure to win buyers over. “I’ll really miss the pool in summer as well.”With his children now all aged in their 20s and out of the family home, Mr Bell has decided to downsize, putting the house on the market for the first time since it was built. “The house would be great for a big family who has kids over the age of about eight,” he said. Extravagant pools up for grabs This five-bedroom house at 15 Tableand Tearrace is on the market in Mount Louisa for $680,000.ENCAPSULATED by rock on the side of Mount Louisa, this house boasts unique scenery and expansive views of Townsville. Duncan Bell bought the private block in 2003 with the intention of building a spacious house for himself and his three children. After two years of careful design and building the family moved in, with the kids enjoying their own level. READ MORE Where to invest in Townsville before the boom Mr Bell said the open plan living area was very practical and allowed for breezes to flow through the home. “I think I’ll miss the openness, the breezes and the view most,” Mr Bell said.“There’s no back neighbour so when I sit on the back deck in the morning, I’m practically in the bush — it’s the best of both worlds. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020 “I built it with dual-living in mind,” Mr Bell said. “The kids have their own space downstairs with four bedrooms, a bathroom, living space and deck.“Upstairs there is a private level for the parents which has a huge master bedroom, living area and balcony.” READ MORE
Graeme Holm at the National Achiever’s Conference. Photo: Tom DelaneySoutheast Queensland is proving a popular option for interstate investors looking to maximise their return with properties that offer a high rental yield, yet value for money.Infinity Group mortgage broker and financial coach, Graeme Holm, was recently in Brisbane presenting at the National Achievers Congress, and noted among his client list there was increasing interest in southeast Queensland as investors looked to secure maximum bang for their buck.“Investment-wise at the moment we have about 500 clients looking to invest in southeast Queensland and those numbers are growing,” he said.“I’d expect to see 750-800 inquiries specifically related to the southeast area this year.”Mr Holm said the rising interest in the southeast corner was generated by two key components: the affordability of housing and a high rental yield.“When buying property people often look to capital growth but if you want to invest, a property needs to offer a positive cash return so you can pay down that mortgage,’’ he said.“In southeast Queensland you can spend $400,000 to $500,000 and still rent the property for $400 a week, which is a 5 per cent gross return.“To me that indicates the southeast is severely undervalued.”More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoAmong Mr Holm’s clients investing in southeast Queensland is Sydney couple Craig and Kim Rosewall.The Rosewalls now have eight properties, including investments in Redland Bay, Brassall, Redbank Plains, Toowoomba and north Queensland, along with their family home in Sydney and a new investment in Melbourne. With a number of those properties featuring dual occupancy, Mr Rosewall revealed the couple were receiving a total of eight income streams.“We’ve purchased in areas considered the ‘golden triangle’ where there is infrastructure, facilities like hospitals and universities, and access to Brisbane,’’ he said.“We could have bought in Sydney’s eastern suburbs, spending $1 million on a home, but there’s no way we would have received the equivalent rental yield, so why would we do that?”Mr Holm explained that his clients ranged from young rent-vestors to couples with families and baby boomers, whose key focus was trying to get ahead.In addition to focusing on positive investment yield courtesy of markets such as Queensland, Mr Holm noted his aim was to offer “financial personal training” that allowed his clients to budget, plan and account for their expenditure.“People need to have a budget, a plan, be accountable and be a little disciplined, so they can be financially free in seven to 10 years, not 30,” he said.
The REA Group’s chief sales officer, Kul Singh, said the property market was still open for business.“We’re doing everything in our power to support them and the long-term success of the industry,” he said.Latest figures from the REA Group show just how popular the tool is becoming in Queensland. Of the 8746 active ‘buy’ listings with a video on the realestate.com.au site, 6910 have been uploaded since the virtual inspection tool was made available. Almost all of the 1897 active ‘rent’ listings with a video have been uploaded using the tool. Public health orders issued in Queensland last week banned the use of public onsite auction and open houses.More from newsThe Camira homestead where kids roamed free28 May 2019Riverhills records highest median price jump in the Centenary Suburbs3 May 2019Agents can still conduct private inspections and live-streaming of auctions is allowed, but the use of technology has become a lifeline for the multi-billion dollar real estate industry.Realestate.com.au chief economist Nerida Conisbee said the ban on open inspections and public auctions hasn’t significantly impacted listings so far.“Buyers are still out there and the property market has definitely not shut down,” she said.While there has been a small drop in search activity, visits to the ‘buy’ section of realestate.com.au are still up compared to the same time last year. A growing number of buyers are turning to technology in their quest to find a dream home. And sellers are joining them using virtual inspections to showcase their properties online.Last month realestate.com.au launched a virtual inspection tool, which allows agents to use videos to showcase listings to buyers and renters.The new feature appears under ‘inspections’ in buy and rent listings on realestate.com.au and also through its app. RELATED Open for inspections go digital
MORE: One of Australia’s hottest homes sold in a week Clive Palmer snaps up RSL prize home pre-auction AILA Queensland President David Uhlmann said shared outdoor spaces have taken on even greater importance following the COVID-19 crisis.“With Gold Coast locals spending more time enjoying local parks, backyards, and green spaces, landscape architecture has been brought to the forefront,” he said.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 ago“We believe there has been a new-found realisation of the importance of green space and active travel opportunities that are complementary to essential infrastructure, not only in our city centres, but also in our neighbourhoods, and surrounding our homes.” The Urban Tree Canopy Cover Study by Arup won the Landscape Planning category.The landscape planning category award went to The Urban Tree Canopy, a Gold Coast study by global firm Arup.“With a growing population and increasing development on the Gold Coast region, this study makes rigorous analysis and judgment on the effects of both increased and decreased tree canopy,” said Ms Robbins.“The outcome is a plan for unprecedented climate changes and provides a baseline for understanding urban heat island effects on the Gold Coast.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:45Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:45 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 Rate1xFullscreenWhat is the new HomeBuilder scheme?00:46A playground on the northern Gold Coast has been recognised as the state’s best park after taking out a top industry gong.Two Gold Coast winners were among 17 projects to be honoured by the Queensland Landscape Architecture Awards last night. Bim’bimba Park in Pimpama won the Parks and Open Space category. Bim’bimba Park offers a range of spaces for active play and recreation.The impressive community play hub known as Bim’bimba Park in Pimpama, designed by Brisbane based Form Landscape Architects, won the Parks and Open Spaces category. “Bim’bimba Park tells a rich, exciting and detailed story and has been underpinned by simple design principles that respond carefully to its setting to deliver a range of spaces for active play and recreation,” said Australian Institute of Landscape Architecture (AILA) Queensland Jury Chair Deb Robbins.
The view from the penthouse at 56/410 Stanley St, South Brisbane.ARGUABLY the biggest penthouse in Brisbane is about to hit the market — a Park Avenue princess with an extravagant interior “fit for a king and queen”.Spanning 1153 sqm, the four-bedroom, four-bathroom penthouse at 56/410 Stanley Streetoccupies the top two floors of the 56-apartment building and offers spectacular views of the CBD and Brisbane River.Described as a palace in the sky, the property is in the sought-after Park Avenue building in South Brisbane, occupied by a mining and property richlister, a discount chain store founder and a number of other well-heeled residents. This penthouse at 56/410 Stanley St, South Brisbane, is for sale. Image supplied.Elisa Wellington of Property Services 4101 is marketing the property, which has been renovated since it last went to market in 2017.Ms Wellington said she was”100 per cent sure it’s the biggest penthouse in Brisbane”, apart from some that may have been expanded from their original floorplan.“I’ve done 21 years selling apartments in Brisbane and there wouldn’t be another one (that big) in the Brisbane CBD and surrounds,” Ms Wellington said. “A developer couldn’t build that today because of the cost.” Inside the opulent penthouse at 56/410 Stanley St, South Brisbane. Image supplied.The vendors have owned the property for the past decade and are now downsizing to a smaller house.The property last went to auction in 2017, but was passed in at $5.5 million.Ms Wellington said she had already received expressions of interest from local ‘empty nesters’ and expats.“It’s location, location, location,” she said.“You won’t get a luxury, iconic building like Park Avenue on the river.“It’s the location and lifestyle — plus it’s a building that’s attracted well-heeled owner-occupiers.” The bar inside the penthouse for sale in South Brisbane’s Park Avenue building. Image supplied.But Ms Wellington admits the property’s opulent interior may not be to everyone’s tastes.“Fit for the Queen and King of England it would be,” she said.“It’s a bit of a spectacle, but someone might love it as it is. “If they’ve got the money to buy that apartment, they’d have the money to change the apartment.” The penthouse features opulent wallpapers, rich carpets and decadent furniture. Image supplied.Beyond the penthouse’s lobby, which is serviced by two lifts, a grand foyer with marble floors and a spiral staircase leads into the living spaces, which feature decorative cornices and bespoke curtains.An open-plan formal living and dining room with an antique crystal chandelier and voided ceiling space adjoins an informal dining room, while nearby is the kitchen with marble benchtops and Miele appliances, along with an office.Accessed from various spaces are three covered terraces, one with a built-in barbecue area.More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours ago The living and dining area in the penthouse in South Brisbane. Image supplied.Back inside, the main bedroom has a recessed ceiling, walk-in wardrobe and an Italian marble ensuite with a double shower, bathtub and double vanity. The main bedroom also offers private access to two terraces. Another bedroom has balcony access, an ensuite and a built-in wardrobe. The view from one of the terraces at 53/410 Stanley St, South Brisbane.Upstairs, a billiards room looks to the open-plan space below, with the void encircled by a decorative balustrade. This space also includes a bar and sliding glass doors to a wraparound terrace with lush gardens.Two more bedrooms complete the apartment and share a modern bathroom, which is next to a gym with a sauna and an additional bathroom. The Park Avenue complex at South Brisbane is highly sought-after by owner-occupiers.Other features of the residence include ducted airconditioning, a three-car garage, two side-by side parking spaces and two storage rooms. The penthouse also has access to the complex’s common area and pool.
Subsea 7’s installation vessel, Seven Oceans, has landed the last production pipeline on the seabed at the Maria field in the Norwegian Sea, the operator Wintershall informed through social media.The subsea umbilicals have also been recently installed, utilizing the capabilities of the Seven Arctic vessel.Wintershall has now finished laying almost 100 kilometers of underwater pipelines for its flagship development in Norway.Located in the Haltenbanken area of the Norwegian Sea, the Maria reservoir will be linked via subsea tieback to three existing platforms in the area.The Maria well-stream will go to the Kristin platform for processing while supply of water for injection into the reservoir will come from the Heidrun platform and lift gas will be provided from Åsgard B via the Tyrihans subsea template.Processed oil will be shipped to the Åsgard field for storage and offloading to shuttle tankers. Gas will be exported via the Åsgard Transport System to Kårstø.First oil is expected in 2018, with a possible acceleration into the first half of the year.Wintershall Norge holds 50% share, Petoro has a 30% share and Centrica Resources (Norge) owns the remaining 20% in Maria licence.Subsea World News Staff
Wilson Sons Ultratug Offshore could have up to eight platform supply contracts with Petrobras temporarily suspended.The company is is a joint venture between the Brazilian shipbuilding company, Wilson Sons and Chilean services provider Ultramar.According to Wilson Sons, the JV is negotiating new contract terms for up to eight Platform Supply Vessels (PSVs) currently operating for Petrobras.The negotiation will consider the temporary suspension of these contracts due to current suppressed demand, with the original contract term extended by a period equal to the suspension, and a reduction of the vessels’ daily rates.The negotiation contemplates a total estimated reduction of approximately 6% on the fleet average gross daily rate and up to 858 days of suspension for all the vessels combined.“The company continues to seek new opportunities to maximize its fleet utilisation. In July 2017, WSUT (Wilson Sons Ultratug Offshore) ranked as the first and second place Brazilian-flag vessels in a Petrobras tender for the supply of shallow-water diving support vessels (SDSVs), offering the Mandrião and Pardela vessels. Additionally, in September 2017, WSUT ranked as the first and second place vessels in a Petrobras tender to provide, in May 2018, platform support and oil spill recovery vessels (OSRV / PSVs), offering the Albatroz and Gaivota vessels,” the company said
The Finnish Transport Agency Liikennevirasto (FTA) has selected Teledyne CARIS Hydrographic Production Database (HPD) as the new system for chart production for current and future needs. With many lakes, an archipelagic sea, and an estimated 40,000 islands, the FTA has a large and complex portfolio of navigational charts to maintain. The project to implement HPD will include deployment of software and the migration of existing products into an optimized workflow where data is centrally managed and various product types are derived from one updated source. The system will replace the current production system, which has served FTA well since 2000, currently at the end of its life cycle.This is the second project to be awarded to Teledyne CARIS by the FTA; the contract to provide Bathy DataBASE (BDB) for survey data management is almost complete. Other CARIS implementations with hydrographic offices in the region include Denmark, Germany, Iceland, Latvia, Norway, Poland, Sweden and United Kingdom.
Tangipahoa Parish President, Robby Miller, has announced that the dredging project on the Tangipahoa River is set to begin today, Tangipahoa Parish Government said in its latest release. Miller said that dredging operations on the Tangipahoa Bar Channel will start Tuesday, October 31, and is expected to continue through Thursday, November 2, at the mouth of the river.The project, to be conducted by Quality First Construction LLC, was designed by the U.S. Army Corps of Engineers, who will supervise the construction.Miller said that the only time the project may interfere with boating is in the event of bad weather. In that case, the dredger would have to enter the river for safe harbor during storm conditions.The plan is for the contractor to discharge the dredging material on the shoreline where it will be flattened on the beach using two marsh buggies. The area behind the breakwater will be off limits for a period of 30-50 days.Signs will be posted during the construction period, the Tangipahoa Parish President said.[mappress mapid=”24575″]
Skandi Niteroi, a Brazilian-built pipelay support vessel (PLSV) owned by the joint venture between DOF Subsea (50%) and TechnipFMC (50%), has been awarded a contract by McDermott on the Atlanta Project for Queiroz Galvão.The vessel will start the contract in November, and the contract has a duration of approximately 2 months.Under the joint venture agreement, TechnipFMC is responsible for the engineering and management of the flexible pipelay, while Norskan, a DOF subsidiary, is responsible for the marine operations.CEO, Mons S. Aase, said: “I am very pleased with the contract award, securing utilisation in a challenging market and maintaining our strong position in the Brazilian market.”