Classic charm restored at former pink palace

first_imgBut many of its original features have been retainedUpstairs, the previous owners had already put in a new ensuite and had renovated the kitchen, so the couple focused on opening up the floor plan.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago And there is plenty of open plan living spacesMrs Davies said one of her fondest memories of the home would be the “renovation journey”.“My main goal was to bring an old Queenslander back to life for the next hundred years,” she said.“And I think we have done that.“It is a lovely piece of architecture and I will really miss the sense of history it has.”The home sits on an elevated north-east facing 1158sq m block and boasts high ceilings, wide hallways, a formal living room with fireplace, a master suite with walk-in-robe/dressing room, ensuite and study, a spacious kitchen with designer appliances, three additional bedrooms, secure intercom entry and landscaped gardens.The formal living room with fireplace has been described as “elegant”, and one of the three bathrooms comes with its own powder room.Mrs Davies said her favourite room in the house was the master suite.“We are selling because the boys are older and we just don’t need such a big back yard,” Mrs Davies said.The house, which comes with the original house name plate, was built in 1900, according to CoreLogic. Mrs Davies said she believed Shalimar was named after a boat that came out to Australia.The house is being marketed by Clare Hartley of Havig & Jackson and could be yours for $2.795 million. The kitchen is modernThey installed an internal staircase, added a large family bathroom, and transformed one upstairs bedroom into a sitting room.A large deck was also added, with their architect replicating the original detailing used on the front veranda. 16 Roseby Ave, ClayfieldWhen Natasha and Bruce Davies bought Shalimar in 2010, it was pink.“That is the overwhelming memory I have,” Mrs Davies said. “It was pink. It was a typical old Queenslander, open underneath.”The sugar farming family, who split their time between Brisbane and the Burdekin, bought 16 Roseby Avenue at Clayfield to be closer to Eagle Junction State School.They spent one year renovating the home, with their boys living in one room and the couple in another during the build.center_img The house makes the most of the natural light and breezes The house has been given a new lease on lifeWith the help of Bettina Clarke of Ascot Living and Michael Dougherty of Dougherty Design, they built underneath the house, adding two bedrooms, a large rumpus, a laundry and storage area, all of which flows out on to a covered backyard patio.last_img read more

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Iconic mansion designed by famous architect sells after 3 yrs

first_imgThe late architect, Robin Gibson, at the Queensland Art Gallery, which he designed. Picture: Glenn Barnes.Ideally suited for a family with teenagers, the home has a “his and hers” type design upstairs.Mr Sourris designed the house in two halves, with the centrepiece being the lounge room upstairs.The house also has state-of-the-art interiors, fabulously manicured gardens, and an integrated Miele gas kitchen, with wonderful views from each of the four bedrooms, too. The view from the house at 7 Mullens St, Hamilton. Photo supplied.Records show it was last advertised for offers over $3.5 million and the site was previously sold for $500,000 in 1993.The four-bedroom, four-bathroom home on 1260 sqm has been kept in immaculate condition and allows breathtaking views looking over the Brisbane River and CBD. This house at 34 Mullens St, Hamilton, sold for $5.975m in 2017. This house at 7 Mullens St, Hamilton, has sold. Photo supplied.A MANSION designed by one of Australia’s most renowned architects has sold for $3.325 million after nearly three years on the market.The property at 7 Mullens St, Hamilton, was designed by the late Robin Gibson, who is acclaimed as the man who turned Brisbane’s eyes towards the river with his public buildings.The house was formerly owned by businessman/philanthropist, James Sourris, who had long been an admirer and friend of Mr Gibson.center_img More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoInside the house at 7 Mullens St, Hamilton.Mr Sourris’s brief for the design of the home was for it be minimalistic, contemporary and to have enough space for a party and a library.Mr Gibson, now deceased, is well known for the development of projects including the Queensland Cultural Centre, Queensland Performing Arts Centre and Queensland Art Gallery. This house at 7 Mullens St, Hamilton, has sold.Mr Sourris also owns a luxury, riverfront apartment in New Farm’s Moray Street, which he bought for $5.7 million in 2016.Mullens Street is one of Hamilton’s most exclusive streets.The award-winning home, Cremorne, at 34 Mullens Street, sold at auction for $5.975 million in late 2017.last_img read more

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Downsizers tipped to shape the future of the Gold Coast’s property market

first_imgThe Gold Coast property market is tipped to look very different in two decades.HALF of the new homes to be built on the Gold Coast over the next decade will need to be designed for cashed up Baby Boomers, new research suggests.The latest report by property analyst Michael Matusik shows roughly 146,000 people will descend on the city by 2030, with about 40 per cent of those expected to be aged 55 and over.Mr Matusik said this meant half of the anticipated 5650 new dwellings required each year should be built to meet demand of an older population.“This doesn’t mean we need to build more retirement villages because most empty nesters and retirees here on the Gold Coast are actually looking to upgrade their lifestyle when they downsize,” he said.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“Contrary to popular belief, most downsizers don’t want small apartments, they want a property that is comparable in size to a small home and is well designed to suit their needs.Mr Matusik shared his latest research about trends that would shape the market over the next few decades in a presentation last night.He said while the Coast remained resilient in the latest downturn, it was up to developers to deliver the right type of housing to meet emerging demand.Colliers International Gold Coast director David Higgins said buyers at the top end of the market were looking for a ‘point of difference’.“While a beachside location and views that can’t be built out are certainly a drawcard, buyers are also looking for intangible amenities which indirectly improve lifestyle,” 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 ago“For example, the new Mahala project in Mermaid Beach has a rooftop solar energy farm, a secure room for online deliveries, a dog wash area and surfboard rack.MORE NEWS: Australia’s happiest property owners revealedMORE NEWS: Christmas comes early for mansion’s buyers and sellersWhat Mahala at Mermaid Beach is expected to look like.“These non-standard amenities help a project stand out from the crowd in what is an increasingly competitive apartment market.”Knight Frank director and Queensland head of project marketing Chris Litfin backed the research but believed they would be looking for smaller apartments.“It’s about how the space is used,” he said.“If it’s smaller and it doesn’t work they won’t buy it, but if it’s smaller and cleverly designed they will buy it.”last_img read more

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Queensland leads key property investor top 100 list

first_imgRental yield is one of the main considerations for many investors looking for cashflow when buying positively geared property.Seventeen of the suburbs on the list were in New South Wales, 15 in South Australia, 15 in Victoria, eight in Tasmania, and one apiece in Western Australia, Northern Territory and Australia Capital Territory. #65 George Town, TAS#66 Glenorchy, TAS#67 Crestwood, NSW#68 Lavington, NSW #69 Thabeban, QLD #80 Labrador, QLD 58 locations where prices are hotting up The list was split between suburbs with high rental yields for houses (63) and unit (37).The town of Blackwater in Queensland emerged with the best rental performance in the country, with a yield of 11.7 per cent for houses and a median value of$122,165.The top five was dominated by Queensland suburbs with Woree and Manunda taking out third and fourth spots, while in second place was Broken Hill in New South Wales, and fifth was Katanning in Western Australia.The top 100 list was made up or suburbs where houses or units had an estimated gross rental yield of 5 per cent or more a year. Seventeen of the suburbs on the list were in New South Wales. Picture: AAP Image/Sam Mooy.The analysis found that the top 100 best performing suburbs had houses with median values ranging from as low as $89,483 to as high as $521,597, while unit values spanned $133,205 to $395,577.CoreLogic research analyst Cameron Kusher said to make the cut, the suburb had to have delivered “solid rental yields, consistent rental growth and vacancy rates of less than 3 per cent”.Strong unit performance made up 37 spots on the top 100 list with houses at 63. #38 White Rock, QLD #78 Araluen, NT #79 Southport, QLD #47 Grafton, NSW #48 Avenell Heights, QLD Ranking By Rental Yield: #43 Manilla, NSW #44 Oakey, QLD Epic home with motocross track back on market #70 Kepnock, QLD #85 Edmonton, QLD #86 Aitkenvale, QLD #81 Mowbray, TAS #82 Bentley Park, QLD #1 Blackwater, QLD #25 Smithfield, SA #26 Cairns North, QLD #24 West End, QLD #27 Quirindi, NSW #28 Heatley, QLD Queensland suburbs made up 42 of the top 100 best places in the country for rental performance.Queensland has taken out top honours making up almost half the top 100 suburbs where property investors can make money, latest data revealed.The latest CoreLogic rental yield figures, released Tuesday, saw Queensland suburbs make up 42 of the top 100 best places in the country for rental performance, and one spot in the Sunshine State was also leading the nation. #74 Elizabeth Vale, SA#75 Morphett Vale, SA#76 Hamilton, VIC #77 Slade Point, QLD #10 Port Augusta, SA#11 Elizabeth North, SA #12 Holloways Beach, QLD #29 Morwell, VIC#30 Davoren Park, SA#31 Elizabeth Park, SA #32 Maryborough, QLD FOLLOW SOPHIE FOSTER ON FACEBOOK #37 Cranbrook, QLD 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?00:58center_img #84 Kirwan, QLD #87 Churchill, VIC#88 Wodonga, VIC#89 Queanbeyan East, NSW#90 Forest Hill, NSW#91 Sale, VIC#92 Mudgeeraba, QLD #4 Manunda, QLD #19 Portland, VIC#20 Corowa, NSW#21 Parramatta Park, QLD #39 Carlton, VIC#40 Mooroopna, VIC#41 Salisbury, SA #42 Manoora, QLD #33 Narrabri, NSW#34 New Norfolk, TAS#35 Port Pirie South, SA #36 Svensson Heights, QLD #71 Beaconsfield, QLD #52 Smithfield Plains, SA#53 Horsham, VIC #54 Kingaroy, QLD #98 Andrews Farm, SA#99 Gungahlin, ACT#100 Queanbeyan, NSW (Source: CoreLogic Rental Performance Report) #55 Moe, VIC#56 Cootamundra, NSW#57 Munno Para, SA#58 Whyalla Jenkins, SA#59 Armidale, NSWMore from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago #60 Clifton Beach, QLD #2 Broken Hill, NSW #3 Woree, QLD #61 Newnham, TAS#62 Inverell, NSW#63 Westdale, NSW #64 Sarina, QLD #22 Stawell, VIC #23 Springwood, QLD #93 West Wodonga, VIC#94 Brendale, QLD #95 Currumbin Waters, QLD #13 Port Augusta West, SA#14 Westcourt, QLD#15 Bridgewater, TAS#16 Ararat, VIC #17 Park Avenue, QLD #72 Shepparton, VIC #73 Gatton, QLD #83 Upper Coomera, QLD MORE: First time home loans surge to 7-year high #49 West Kempsey, NSW#50 Claremont, TAS #51 Reedy Creek, QLD #9 Moranbah, QLD #45 Mildura, VIC #46 Roma, QLD #18 Mooroobool, QLD #96 Newnham, TAS #97 Helensvale, QLD #5 Katanning, WA#6 Cobar, NSW#7 Bordertown, SA #8 Bungalow, QLDlast_img read more

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$1m pre-approval seals massive deal for Hervey Bay luxury home

first_img One of the best homes in Hervey Bay right now. MORE: Hot spots for investors revealed A dreamy walk-in robe.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago A butler’s pantry for meal prep and stashing the dishes when guests come over. A built in bar overlooks the waterfront and is next to the gourmet kitchen.The eventual successful offer came from Queensland buyers who had been looking “for some time”, he said.“I had buyers from New Zealand in this week kicking themselves. The property attracted a high price because it is modern and well-constructed, to commercial standards in some aspects. It was marketed as a luxury property.” FOLLOW SOPHIE FOSTER ON FACEBOOK 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 The property has stunning water views, separated from the beach by a strip of parkland. Luxurious use of multiple types of material inside and out. Glass wall separating the garage from the entryway.He said the target audience for such a property was mainly non-local.“Being part of a global network across 110 countries we spread the word far and wide in multiple languages, we had overseas interest as well as interest from further North in Queensland and interstate.” “We had plenty of interest and enquiries in this home as it was modern and on the Esplanade,” he said.“We only had inspections by appointment with pre-qualified buyers,” he said. “Most (interested buyers) simply didn’t have the budget. (There were) quite a few around the $1m mark though and others not quite ready to buy.” Tax cuts, not rate cuts, necessary This little piggy went to market 513 Esplanade, Urangan, sold for $1.45m on Monday.A Hervey Bay home has broken a price record in the area, with buyers attracted to its modern finish and views of the water.The deal saw 513 Esplanade, Urangan, sell for $1.45 million on Monday, RE/MAX Partners Hervey Bay-Torquay agent Stephen Wright confirmed. He marketed the property with daughter Laura Wright.last_img read more

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Walker Announces Resilience Grant for Wisconsin Coastal Communities

first_imgGovernor Scott Walker announced recently that the National Oceanic and Atmospheric Administration has awarded Wisconsin a three-year $840,000 Coastal Resilience Grant to help Lake Michigan communities and property owners in Southeastern Wisconsin reduce damages from coastal hazards and sustain the operation of their coastal economic assets. The grant entitled “Improving Economic Security in Coastal Wisconsin” will be awarded to the Wisconsin Department of Administration’s Wisconsin Coastal Management Program.“This grant is crucial to Wisconsin’s coastal communities,” Governor Walker said. “We’re grateful the National Oceanic and Atmospheric Administration recognizes the challenges our Lake Michigan communities are facing and this is an excellent step as we work towards repairing damage and preserving our coasts for years to come.”Southeastern Wisconsin’s Lake Michigan bluffs, beaches and harbor infrastructure are currently being impacted by a combination of high water levels, erosion and coastal storms.Partners on the project include the University of Wisconsin Sea Grant Institute, the University of Wisconsin-Madison Department of Civil and Environmental Engineering, and the Southeastern Wisconsin Regional Planning Commission (SEWRPC).last_img read more

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Soco in merger talks with Kuwait Energy

first_imgLondon-listed oil and gas company Soco International is discussing a possible merger with MENA-focused oil and gas company Kuwait Energy. Responding to press speculations regarding a possible transaction with Kuwait Energy, Soco on Monday confirmed that, in the context of its stated objective to strategically reshape its business and grow its portfolio, it is evaluating a potential merger of equals with Kuwait Energy.Discussions with Kuwait Energy’s newly-constituted board of directors are preliminary and no transaction terms have been agreed, Soco stated.The company underlined that there can be no certainty that any agreement will be reached between SOCO and Kuwait Energy or its shareholders.Soco concluded that it team evaluates M&A opportunities with reference to strict strategic, financial and operational criteria. Any transaction will be pursued only if it is determined by Soco’s board to be in the best interest of shareholders.Soco International has assets in Vietnam, Congo, and Angola. Kuwait Energy’s assets are located in Egypt, Iraq, Yemen, Oman, and Kuwait.last_img read more

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Hijacked Marine Express Recovered, Crew Safe and Well

first_imgThe product tanker Marine Express and its twenty-two crew members, who have been attacked by pirates on February 1 while anchored off Benin, Gulf of Guinea, have reassumed control of their ship, the ship’s manager Anglo-Eastern said.Details regarding the terms of the ship’s rescue operation have not been released.The 45,989 dwt oil products tanker Marine Express was at the Cotonou Anchorage, Benin, when all communication with the vessel was lost.“Full control of the vessel was resumed at approximately 04:00 Singapore time today. All crew members are reported to be safe and well, and the cargo of 13,5000 tons of gasoline remains on board,” Anglo-Eastern added.“We wish to express our gratitude to the captain and crew of the vessel and their families for their courage and fortitude in dealing with this difficult situation, as well as the authorities and agencies involved.”The families of the crew members have been informed of the situation, and now a comprehensive investigation into the hijacking will be carried out.The region is notorious for piracy groups that target commercial ships and often kidnap seafarers for ransom.Marine Express is the second tanker to be taken by pirates in the region since the beginning of this year.The Marshall Islands-flagged tanker MT Barrett and its 22 crew members were hijacked at the beginning of January. However, they were released from captivity after a six-day ordeal.Details on the terms of their release have not been disclosed either.last_img read more

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Japanese Big Three Bleed Red amid ONE Launch

first_imgJapanese shipping majors K Line, NYK Line and MOL reported losses for the first quarter of 2018 fiscal year covering the period from April 1 to June 30.K Line’s net loss came at JPY 19.2 billion (USD 172 million) for the period spiraling down from the profit of JPY 8.5 billion in the same quarter in 2017. Operating revenues for the period stood at JPY 212.1 billion, also lower when compared to revenues for the three-month period in 2017, which stood at JPY 287.4 billion.NYK Line booked a net loss of JPY 4.59 billion for the period reversing from a profit of JPY 5.39 billion in the same period in 2017. The company’s consolidated revenues amounted to JPY 464.8 billion, down from JPY 521.7 billion in the same period of the previous fiscal year.MOL shares a similar fate, posting a net loss of JPY 1.6 billion against a net income of JPY 5.2 billion a year earlier.Recorded revenue of JPY 304.4 billion was also lower when compared to corresponding JPY 403 billion revenue from last year.All three companies ascribed their losses to the launching of Ocean Network Express (ONE) in April as well as the rise in oil prices. As disclosed, the costs related to ONE’s launching were higher than expected and signaled the termination of the trio’s container businesses.On the other hand, dry bulk businesses of the trio fared much better, reporting black ink amid strenuous cost cutting efforts and overall improvement of the market.World Maritime News Stafflast_img read more

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Thun Tankers Orders NAABSA Product Tanker

first_imgSwedish shipping company Thun Tankers BV has placed an order for a 4,250 dwt product tanker at Dutch Ferus Smit shipyard. Scheduled for delivery in October 2020, the ship will enter into a long term agreement with the UK-based Geos Group.As informed, the vessel will feature a “Not Always Afloat But Safely Aground” (NAABSA) design, being able to call tidally restricted niche ports.With a capacity of 4,800 cbm, the newbuild will have a length of 79.9 meters and a width of 15 meters.Specifically, the focus has been to maximize the vessel’s cargo intake and increase in-port performance, with the scope to allow further increased cargo lot sizes going into restricted niche ports. Resource efficiency, new regulations and environmental care have been key in the development of the new vessel, according to Thun Tankers.“We have identified the demand for improved niche size tankers with increased performance and cargo capacity. This NAABSA-Max tanker will be built to the absolutely latest design, enabling Geos Group Ltd. and their clients’ access to the most efficient transport solution available in this size of shipments,” Joakim Lund, CCO of Thun Tankers BV, commented.“The NAABSA vessel being built by Thun Tankers for our own requirements will help strengthen our N.W.E physical market position. The new vessel will allow us to focus on enhancing our position … in our market by bringing in additional ship to ship capability as well as the option of supplying more niche ports,” Barry Newton, Managing Director of Geos Group, said.Being a Gothia Tanker Alliance member and part of the Erik Thun Group, Thun Tankers commercially operates sixteen tankers with a deadweight tonnage of 6,500 to 8,000 dwt and has eleven newbuilds.Image Courtesy: Thun Tankerslast_img read more

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