Tugun property hits the market for the first time in almost 30 years

first_imgMr Ryan said the breathtaking view was his favourite part.“The distinctive thing about the place is that we’re right on the top of the hill at Tugun,” he said.“I can see Surfers Paradise on the left and Coolangatta and Bilinga down to the right.“It’s just such a lovely place to live.”He said the house’s solid structure, which was built with quality materials, meant it would stand the test of time. Owners Dan and Anne Ryan bought the 1970s built house in 1990.“It was winter, we walked in the front door with the kids, the sun is north at that time and it was just absolutely beautiful all over the ocean,” Mr Ryan said. The whole family fell in love with it so they had no other choice but to buy.Mr and Mrs Ryan’s love for the property hasn’t wavered but in recent years, the house has become much too big for them to maintain by themselves. 13 Illawarra Court, Tugun. 13 Illawarra Court, Tugun. Address: 13 Illawarra Court, Tugun Agent: Troy Dowker, Ray White Mermaid Beach Features: Pool, 360 degree views, office, multiple decks and living areas, solar power, hardwood floors Area: 579sq m Auction: September 29, 2.30pm, on-site Inspections: Saturday 12-12.30 13 Illawarra Court, Tugun has stunning views.PERCHED on one of Tugun’s highest hilltops, this retro classic home has sweeping ocean and hinterland vistas that stretch as far as the horizon. The breathtaking view is just one of the standout features of the Illawarra Court property, which has hit the market for the first time in almost 30 years. “We love it desperately but we now have four grown up kids and eight grandkids and they’ve all got busy lives,” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa15 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe three-storey house has four bedrooms and three bathrooms.The lower level has a bathroom, office that is known as the bunker, a double garage and living area, which opens onto a covered patio. A combined kitchen, living and dining area is at the heart of the second floor, which flows onto an oceanview deck. 13 Illawarra Court, Tugun.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, 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 Rate1xFullscreenWhy location is everything in real estate01:59center_img 13 Illawarra Court, Tugun. 13 Illawarra Court, Tugun. 13 Illawarra Court, Tugun. The master bedroom with ensuite and walk-in wardrobe also has a deck overlooking the village and beach.The top level is dedicated to three bedrooms and a living area with raked ceiling.Outside, there is a pool and plenty of grass. THE DETAILS 13 Illawarra Court, Tugun.last_img read more

Gold Coast mega-mansion sells in $8.1 million deal

first_imgThe pool is one of its highlights. The Art Deco-inspired theatre has a starlit ceiling. It exudes opulence from every nook and cranny. MORE NEWS: Island suburb joins exclusive club Make an entrance that’s just as grand as the home.The home’s Art Deco-inspired theatre with starlit ceiling, wine cellar, internal lift, eight-car underground garage and multiple terraces and balconies overlooking the manicured gardens, pool and Nerang River, are standout features.Mr Kollosche said it was an impressive house.“He put a lot of care and detail into it when he built it,” he said.“I’m sure he will be sad to see it go.”Dr Kazacos said in April last year when the house hit the market that he would miss it but it was time to let someone else enjoy it.“That’s the main reason I’m selling the house — because it’s not fair to live here alone,” Dr Kazacos said.“When I first came here, my family had children and they’ve all grown up.“I want a family to enjoy this.” The house was rebuilt in 2008.center_img Water views can be seen from most rooms in the house.Property records show it had previously been on the market with another agency and had an $8.95 million asking price.Mr Kollosche said the family had been a client of theirs for some time so they knew what they were looking for.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“It looked like it was the type of property that would suit them,” he said.“They just fell in love with it when they saw it.“We sold it in a couple of days.” MORE NEWS: Charity home goes under the hammer He said the family planned to move into the luxury house, which has five bedrooms and six bathrooms spread over three levels.It was built by Dr Michael Kazacos over two years from 2008 but he has lived on the property since 1988, previously in another house that was built by a friend of his. A family has splashed more than $8 million on the Broadbeach Waters mansion at 60 Sophie Ave.A WATERFRONT mega-mansion has been snapped up in an eye-watering $8.1 million deal, making it the Gold Coast’s second highest sale this year.The palatial Broadbeach Waters residence, known as The Palms, had been on the market for more than 500 days before selling.Its price has earned it second place in the Coast’s list of top 10 sales this year, falling $150,000 short of the $8.25 million sale of a Main Beach penthouse.Kollosche director Michael Kollosche and agent Ryan Ward sold the sprawling property to a family within days of taking over the listing. RELATED: Gold Coast’s top 10 sales: take a look inside the best-selling properties Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:20Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:20 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 Rate1xFullscreen6 Australian wow homes that have just sold01:20last_img read more

Why taking a punt can pay off

first_imgThe view of Doomben Racecourse from the house at 15 Raceview Ave, Hendra.THERE are not too many homes in Brisbane where you can watch a horse race from your back deck, but that’s what makes this one so special.Lucy and Gary Beikoff are by no means avid punters, but they saw the potential to embrace the sport of kings with their latest renovation project in Hendra.The couple had been waiting to look at another property when they drove past 15 Raceview Avenue and saw it was open for inspection. MORE NEWS: What NOT to do when it comes time to sell BEFORE: The front of the house at 15 Raceview Ave, Hendra, before it was renovated. AFTER: The front of the house after the renovation.“We thought we might as well stop and have a look,” Mrs Beikoff said.“The minute we walked on to the back balcony, Gary said; ‘This is the one!’“We saw the view and how we could open up all the living areas to maximise that view.”Mrs Beikoff said they were also attracted to the fact the house was on a large, 856 sqm block.They were so impressed, they bought it that day.Fortunately, the house was in reasonable condition, but the Beikoffs wanted to give it a modern makeover that was still in keeping with the character of the home.“It was a bit dated, the kitchen had lino on the floor, all the verandas had been enclosed and aluminium sliders put on the windows,” Mrs Beikoff said. BEFORE: The kitchen in the house at 15 Raceview Ave, Hendra, before it was renovated. AFTER: The kitchen in the house after the renovation. AFTER: And from a different angle.It wasn’t the Beikoffs’ first renovation as they had previously restored a Queenslander in Clayfield.“With these homes on big blocks, we like to retain the size of the block and then do the renovation in keeping with the style of the house,” Mrs Beikoff said.“There’s still a really strong racing community in this pocket of Hendra, so we decided to retain the stables out the back and restore them in keeping with the racing community.”The stables were gutted and converted into a self-contained apartment, featuring a bedroom, a kitchenette, a bathroom and a lounge room. BEFORE: The back deck on the house at 15 Raceview Ave, Hendra, before it was renovated. AFTER: The back deck after the renovation.But it was the view of Doomben race track to the Gateway Bridge beyond that the Beikoffs really wanted to maximise.They knocked down a wall dividing the kitchen and lounge and added an extension to allow them to create a large, open-plan living and dining area with high ceilings and louvres, opening out to a new back deck. “It’s great for entertaining — particularly on race days,” Mrs Beikoff said.“For the 1300m race, they bring the starting barriers just outside our place so we can watch from the deck.”They installed a new kitchen, complete with Caesarstone benchtops, SMEGappliances and a walk-in butler’s pantry. BEFORE: The main bathroom in the house at 15 Raceview Ave, Hendra, before it was renovated. AFTER: The main bathroom after the renovation.They kept the original formal living room where it was, but pulled out the bathroom and turned it into an ensuite off the upstairs bedroom. The second upstairs bedroom was closed off to accommodate the butler’s pantry.In keeping with true Queenslander tradition, they reopened the verandas, which had been closed in to accomodate sleepouts.They also installed an internal staircase. BEFORE: The living room in the house at 15 Raceview Ave, Hendra, before it was renovated. AFTER: The living room after the renovation.Underneath the house was already at legal height, which made it easier for the Beikoffs to build underneath.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThey created two bedrooms, a rumpus room, renovated the existing bathroom downstairs, then added a master bedroom with a walk-in wardrobe and ensuite.As a nod to the racing theme, they installed a barn door separating the master bedroom from the ensuite. BEFORE: Installing the swimming pool and converting the stables to accommodation. AFTER: The end result.Throughout the house, the original timber flooring was sanded back and restained and the Beikoffs took extra care to make sure the floorboards in the extension matched the originals. BEFORE: The back of the house at 15 Raceview Ave, Hendra, before it was renovated. AFTER: The back of the house after the renovation.Outside, they installed a swimming pool and poolhouse, and landscaped the entire yard themselves.“There wasn’t much of a garden to start with so I planted a lot of cuttings from our previous garden and planted a couple of poinsiana trees out the front,” Mrs Beikoff said.“I think the garden is just as important as the house when it comes to creating that nice feel.“We spent lots of hours staggering around laying turf!” BEFORE: One of the bedrooms in the house at 15 Raceview Ave, Hendra, before it was renovated. AFTER: One of the bedrooms in the house after the renovation. It features a barn door leading to the ensuite.Other features include VJ walls, Carrara marble benchtops in all four bathrooms, ducted air-conditioning, a double garage and a garden shed.The property is for sale through Patrick McKinnon and Stefan Blee of Place – Ascot.RENO FACT CHECKTime taken: 12 monthsTotal spend: $800,000 Insane $45m mega-mansion hits marketcenter_img The trending design terms you need to knowlast_img read more

CEO of Poolwerx shares why he loves his trendy suburb

first_imgI live in an apartment block called Park Avenue, it’s built at the site of World Expo. Many of the residents bought back then and my neighbours are an amazing bunch of Brisbane entrepreneurs, real characters that made this city. What is the best thing about living in your suburb? What do you love about your home? A Straddie shack at Point Lookout on North Stradbroke Island – one of Brisbane’s best-kept secrets, beautiful beaches, no high rises, and no pretension. South Bank, everything is in walking distance – parklands, city, restaurants, arts and entertainment precinct. And it’s so vibrant, it changes daily. CEO of Poolwerx, John O’Brien. Meet John O’Brien, the CEO of Poolwerx, Australasia’s largest pool and spa maintenance network. What was the best piece of property advice you were given? Or what was the biggest lesson you learned? What would you change about your home? Nothing, I love it!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 I live at South Bank in Brisbane. I love watching the river glide by and the ever-changing boats and ferries and to see the city skyline change daily as Queen’s Wharf goes skywards. If money was no option, what would be your fantasy home and where? Villa in Capri? Chalet in the Swiss Alps? Where do you live and why? Buy as close to the city as you can afford and buy the worst house in the best street.last_img read more

Buyers fleeing southern states snap up Queensland properties sight unseen

first_imgNarelle and John Cartwright with their children, Thomas, 14, and Lucy, 16 at their home in Kalinga. The family moved from Sydney to Brisbane in seach of a better lifestyle. Photographer: Liam KidstonQUEENSLAND is in hot demand with COVID refugees from southern states flocking to the sunshine state – some without even inspecting their future home. Victorian and New South Wales buyer interest in Queensland has risen 18 per cent in the past six months.Fresh data from realestate.com.au reveals 4 per cent are ready to buy now, 14 per cent are considering a move, and 22 per cent are simply browsing, possibly considering a longer-term lifestyle change.It comes as the nation’s top social experts say COVID-19 has accelerated interstate migration into Queensland and predict even more Sydney-siders and Melbournites will make the move to the Sunshine State, once border restrictions are eased.Leading demographer Bernard Salt said the pandemic has shifted people’s priorities about where they wanted to live. Surfers Paradise is the No 1. destination for people looking to relocate form Sydney and Melbourne since COVID-19 began.“I do think there will be a new driver in the 2020s … you’ll have people who feel uncomfortable with the congestion of living in the city whereas previously the congestion of the big city was seen as a positive, a drawcard,” he said. “The bright lights have dimmed a bit and they don’t have the same allure now that we’ve had full exposure to a pandemic. “A lot of people have decided to reassess their lifestyle and their location, and Queensland looks pretty good on both of those fronts, in terms of affordability, climate, security and non-congested lifestyle.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:18Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:18 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 Rate1xFullscreenDream homes that’ve sold during COVID-1901:19 They say lightning doesn’t strike twice but for one Sunshine Coast real estate agent that’s exactly what happened. During the pandemic Scott Louis of McGrath estate agency sold a property in Little Mountain to keen Victorian family, but left behind a swath of disappointed potential buyers. To keep them happy and his sales record on a roll Mr Louis took matters into his own hands, doorknocking the street, looking for another potential vendor. “I tried the house next door, because it looked like the type of property my clients were after,” Mr Louis said. He couldn’t believe his luck when Matt and Kim Ely, the owners of a nearby Casuarina Drive home, opened the door and invited him in. Mr Ely said the request wasn’t a complete surprise to him.“For years I had joked that this house would sell to someone who knocked on our front door and low and behold …”Mr Ely, who owns a building company, Ely Projects, had not long ago finished a renovation of the house that he, his wife Kim, and their four children have lived in for 12 years. “We were thinking of maybe selling later in the year, but when Scott knocked on the door, with the promise of a long list of genuine buyers, we decided to just go ahead,” he said. More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoThe house was put in front of six interested groups and sold to a Victorian family, sight unseen, for a suburb record of $1.25 million. Mr Louis said Queensland properties offer interstate buyers excellent value for money. “To get a house like this in Melbourne, on almost 2896sq m and 10 minutes from the coast, you would be paying $3 million to $4 million,” he said. 1 Surfers Paradise, Gold Coast2 Hope Island, Gold Coast3 Buderim, Sunshine Coast4 Palm Beach, Gold Coast5 Coolangatta, Gold Coast6 Broadbeach Waters, Gold Coast7 Robina, Gold Coast8 Maroochydore, Sunshine Coast9 Southport, Gold Coast10 Broadbeach, Gold Coast11 Peregian Beach, Sunshine Coast12 Burleigh Heads, Gold Coast13 Coolum Beach, Sunshine Coast14 Coomera, Gold Coast15 Burleigh Waters, Gold Coast16 Noosa Heads, Sunshine Coast17 Labrador, Gold Coast18 Noosaville, Sunshine Coast19 Tugun, Gold Coast20 Runaway Bay, Gold Coast Source: realestate.com.au Southerners seeking a sea change or a holiday home can pick up this five-bedroom waterfront home at 17 Southern Cross Drive, Surfers Paradise through Kollosche estate agency TOP 20 LOCATIONS FOR SOUTHERNERS “Lifestyle properties are especially popular, with hinterland acreages or houses on larger blocks sought after. Making a lifestyle change has always been a thing, but COVID has accelerated that, especially for those coming from Sydney and Melbourne.”Sarah Hackett, lead agent at Place Bulimba in Brisbane, said that the pandemic effect was benefiting Queensland’s property market, and would likely continue for some months.“We have had a huge increase in inquiries from interstate. The most recent lockdown has slowed things slightly, because people can’t come to view properties, but once it passes and people can travel again, that is when we’ll see a flurry of sales,” Mrs Hackett said.However, closed borders have done little to hamper some southerners’ desire to secure a place in the sun, with many happy to purchase online or sight unseen.“Recently I have had five sales between $1 million and $4 million where the buyers from Sydney and Melbourne bought without inspecting the properties, and three were all cash, no finance,” Mr Stevens said. “Forget about the prices, it’s all about the volume.” Narelle and John Cartwright bought their house in Kalinga sight unseen before relocating from Sydney in the height of COVID.Narelle and John Cartwright from Sydney bought their home at 62 Henry Street in the Brisbane suburb of Kalinga sight unseen in the middle of the pandemic.“We recognised that if we sold our place in Sydney we could get a brand new home in Brisbane, with access to so many different things and with a reduced mortgage, which has allowed me to cut back on my work hours. Now I can fit in with the children, clean the house, go to the gym, go for a walk and just have the lifestyle that I could never have had in Sydney,” Mrs Cartwright said.While buying a property in the middle of COVID-19 was a daunting prospect she said it wasn’t enough to derail the family’s plans. “I had great confidence in our buyer’s agent Jordan Navybox of Cohen Handler and he put me on Facetime and so we felt quite confident. Now we’re here, we couldn’t be happier.“If I can give advice to anyone thinking of moving for a better lifestyle, it would be just do it. It’s not worth wasting time waiting.”With international travel off the cards, wealthy southern buyers not interested in making a permanent move north, are grabbing beachfront properties to use as a holiday destination.Mr Stevens said these high-net worth buyers don’t care where they buy as long as it is beachfront, although areas such as Noosa, the Gold Coast and Byron Bay are hot spots. “Anywhere from Main Beach to Palm Beach is sizzling,” he said. “Buyers are trending towards the blue-chip areas and they’re not interested in returns, they just want a lockup and leave holiday home.“They see these destinations as not only a good place to come on holiday, but a safe haven for their money.” Matt and Kim Ely recently sold their Little Mountain home to a Victorian buyer sight unseen for a record price. Photograph: Lachie Millard Estate agent goes doorknocking to find sellers Coastal locations are at the top of shopper’s wishlists, with eight of the top 10 most searched suburbs on the Gold Coast and Surfers Paradise the most popular. Tolemy Stevens of Harcourts Coastal on the Gold Coast said that while interstate inquiries had always been strong, volumes had gone “through the roof” in the past three months.“I have never seen this level of demand, specifically from Melbourne and Sydney buyers, with such genuine voracity to secure properties yesterday,” he said.“These aren’t people who are toying with the idea of buying. These are people coming to me and saying, ‘I have $1-2 million or $4-5 million, find me a property and I’ll buy it’.”In Brisbane Judi O’Dea of Ray White Paddington said her level of inquiries from southern states had doubled during COVID-19 and properties were changing hands in all suburbs at all price points. This house in Koppa Place in Pelican Waters on the Sunshine Coast this week sold to a Victorian buyer for $829,000. Selling agency McGrath received as many inquiries from interstate buyers as local interest.“I’ve got clients from Sydney, Melbourne, Los Angeles and Hong Kong,” Ms O’Dea said. “They’re all trying to get to Brisbane and are all chasing as large a land size as possible because they have been holed up in apartments, and they are fed up,” she said.“Brisbane offers them something that is affordable. What has become apparent is that anything on a sizeable block that is family friendly is selling like hot cakes.”The phenomenon is happening across the state, according to Scott Louis of McGrath estate agency on the Sunshine Coast, who recently sold two homes in Caloundra for record prices to separate Victorian buyers.“People are realising they should live the life they want to live now, and so are speeding up their life plans, he said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:54Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:54 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 the ‘September Slope’ means for property01:55last_img read more

Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:37 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 Rate1xFullscreenSpring selling predictions for 202002:37IT holds the sales record for Sovereign Islands and now Grand Vista is back on the market with a $16 million price tag.That’s almost $5 million more than what it sold for two years ago.3-7 Sir Lancelot Close, Sovereign Islands is yours for $16 million.What a view!MORE NEWS: Gold Coast property: Upper Coomera house ‘on top of the world’Another epic Gold Coast penthouse hits the marketIvy Wu, of Ivy Realty, launched the marketing campaign earlier this month and said since buying it in 2018 for $11.05 million, the owners have added a wine cellar and a jetty.But, Ms Wu said it was the position that really stood out to potential buyers.“The most special thing about this property is its position,” she said.“You’re surrounded by beautiful parklands plus you’ve got 55m of Broadwater views,” she said.From the air.Arrive in style.Entertaining is also a breeze with plenty of different zones to choose from.“Once you open the bi-fold doors on the side you have an extensive front terrace so you can entertain all year round.”The sprawling seven-bedroom residence at 3-7 Sir Lancelot Pde has a colourful history – the previous owners bought the mansion at auction for $7 million from receivers in 2010.They then spent big bucks transforming it from a Mediterranean-style mansion into a contemporary resort-style haven.More from news02:37International architect Desmond Brooks selling luxury beach villa6 hours ago02:37Gold Coast real estate: another epic penthouse hits the market2 days agoRelax poolside.Style at every turn.The house takes up most of the 2103sq m block and overlooks the Broadwater.It has seven bedrooms and nine bathrooms with extensive marble and timber flooring.From the gated entry, cylindrical pillars and a high wooden portico stand guard over a stone driveway and manicured gardens.There is also a collection of formal and casual living spaces at every turn with extensive marble and timber floors throughout.”last_img read more

Carrier Consolidation Turns Up the Heat on APM Terminals

first_imgThe ongoing consolidation of container carriers through acquisitions and alliances continues to exert pressure on terminal operators, according to APM Terminals.Namely, following the formation of THE and Ocean Alliance Maersk’s terminal operator lost some liner services, denting the company’s underlying result of USD 98 million.Fewer liner services and accompanying rate pressure also hurt the company’s revenue that totaled USD 989 million, down from last year’s USD 1.1 billion.The overall overcapacity, as well as continued low import volumes and adverse currency developments in oil dependent markets, were also listed as factors contributing to the company’s poor financial results.APM Terminals posted a loss of USD 100 million in the second quarter of 2017 amid impairments of USD 250 million from some of its financially troubled terminals.However, the company said that volumes were boosted by the slot purchase agreements signed in Q1 with HMM and Hamburg Süd which give them access to certain services on the 2M network.During the quarter, APM Terminals completed 18 agreements for new volume while five existing agreements discontinued during 2017. The port operator also completed the divestment of Pentalver, the UK based provider of container transport, with a gain of USD 35 million.For the remainder of 2017, the port operator believes in the growth recovery in global container traffic.Drewry’s forecast for global port throughput growth is 4.0% for Q2 2017 and 4.1% for the full year 2017, with a positive and higher growth forecast in almost all regions compared to 2016.Drewry’s forecast for global port throughput growth is 4.0% for Q2 2017 and 4.1% for the full year 2017, with a positive and higher growth forecast in almost all regions compared to 2016.Strong improvements are expected in Latin America, where growth is set to increase from negative 1.6% to positive 4.1%, and West Africa with growth forecast up from negative 4.9% to positive 2.0%, the company said.last_img read more

Mercator Lines Disposes of Panamax Bulker

first_imgSingapore-incorporated Mercator Lines has sold its vessel Prem Poorva to Natalia Shipping Limited.Under the deal concluded on October 9, 2017, the 69,300 dwt Panamax bulk carrier has been sold for INR 247 million (USD 3.8 million), according to the company.As disclosed, Mercator Lines will use the proceeds from the sale to repay debts.The sale comes only a month after the company applied for winding up of its business after it spent months under judicial management.Built at Hashihama Tadotsu shipyard in Japan in 1994, Sri Prem Poorva is one of the last two bulkers in the company’s fleet, according to the company’s data. Mercator Lines decided to exit the dry bulk business and sell its fleet of eleven bulkers at the beginning of 2016.last_img read more

Poland Ripe for Offshore Wind Boom

first_imgPoland could have 4GW of installed offshore wind capacity in the Baltic Sea by the end of 2030 and 8GW by the end of 2035, according to the Foundation for Sustainable Energy (FNEZ).If built to the projected capacity, offshore wind farms could feed between 30 and 36TWh of electricity per year to the Polish grid from 2035 onward, FNEZ said.According to FNEZ’s recent analyses as part of the Baltic Energy for Poland 2025 program, offshore energy can play a key role in ensuring energy security for the country in the period between 2025 to 2035 in conjunction with a parallel development of gas power sources at approximately 4GW and the construction of a transnational offshore grid interconnection with a 2-3GW capacity.Offshore energy also represents an economic boost to Poland’s industry, FNEZ said, emphasizing that local companies have been providing components to the industry by specializing in the production of foundations, towers and steel structures, marine cables and transformer stations, as well as vessels for the construction and servicing of offshore wind farms.“According to analysis performed by FNEZ, after 2020 offshore energy may become one of the key pillars of the Polish economy. Polish maritime industry could provide up to 60-70 percent share of the supply chain for OWF. However, in order to use the Baltic Sea energy potential and create a competitive offshore sector in Poland it is necessary to create a stable legal and market conditions that will be incentivize investments,” said Maciej Stryjecki, the President of the Management Board at FNEZ.Currently, the foundation is working on scenarios for the energy sector, including the development of offshore wind and gas, as well as electricity and gas transmission grids.FNEZ has recently established a Memorandum of the Polish Offshore Energy Sector (PPPEM) in cooperation with entities from the maritime industry, offshore energy, wind energy, steel industry and manufacturers of offshore constructions, ships, and cables.The PPPEM (Porozumienie Polskiego Przemysłu Energetyki Morskiej) has gathered 40 entities, including the Polish Offshore Wind Energy Society (PTME), that see the development of offshore energy investments, especially offshore wind energy, as an opportunity for creating an innovative, competitive and powerful Polish industry.last_img read more

Boskalis Cutter Suction Dredger Helios VIDEO

first_img<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>Boskalis Westminster NV has just released a short video of the self-propelled mega cutter suction dredger Helios.With a total installed power of almost 24,000 kW, a total pumping capacity of 15,600 kW and a maximum cutter power of 7,000 kW, the dredger Helios is one of the most powerful dredgers of its kind in the world.The self-propelled Helios is 152 meters long and has a breadth of 28 meters and is able to dredge at depths of 6 to 35 meters.The vessel was developed to dredge in extremely hard ground. The cutter ladder weighs 2,060 tons, making it among the heaviest in the world.last_img read more