Coronavirus: cautious Brisbane developers forge ahead to meet demand from overseas buyers

first_imgBruce Goddard, the director of Place Projects, said that although developers remained reasonably positive there would no doubt be a drop in inquiries. However, those they did receive were solid leads.“Any inquiries we are getting in these conditions is a quality inquiry, there’s no flippant buyers,” Mr Goddard said.“It’s an opportune time to come in, with fewer buyers in the market, low interest rates and stock market issues,” Mr Goddard said.He said Australian property was appealing to the offshore market, especially among expatriates, who consider home soil as a good place to come back to. Developers will carry on with projects under construction such as Queens Wharf where a multimillion dollar penthouse sold this week. Photo: AAP/David Clark“We are affordable for the offshore market and developers are taking advantage of that,” Mr Goddard said.Peter Chittenden, managing director of residential at Colliers International, said that on a national level the company has had a sharp increase in online inquiries, but foot traffic had dropped.He said that the appetite for investment in residential apartments remained, and people were still selling, but the employment issue was a concern for many. “The reality is that anyone who bought during the GFC and 9/11 events saw that after three years the market lifted and they were rewarded. It didn’t happen immediately.”He agreed there was renewed interest from the offshore marrket, an increase of up to 15 per cent, from buyers wanting to take advantage of the exchange rate.NGU Corp property developer Emil Juresic said he still had properties under construction.His latest development, a five-bedroom, six-bathroom home in Ascot will be launched to the market in April, priced at more than $3.5 million.Mr Juresic said: “A lot of developers are full-steam ahead with projects, but they see a three to five-month hurdle in front of them. We hope by that time coronavirus will be gone.“You don’t build in one month, it takes time,” he said. “I don’t think (COVID-19) will have a massive impact on development at this stage. “But yes, developers will be more cautious because we don’t know how long these times of uncertainty will last. We don’t know what we are dealing with.”Despite this, Mr Juresic said he was about to kick off two new development schemes.More from newsCOVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic3 days agoWhizzkid buys almost one property a month during COVID-197 days ago“We will keep building and selling, but how much we expose ourselves in borrowing and the risks we take is still unfolding.”Tony Pennisi, the owner of Hub Projects Beenleigh, said he has received a growing number of inquiries for acreage blocks over the past couple of weeks. There has been a spike is in interest in acreages such as those at Evergreen Ridge in Jimboomba by the developer Terry McKinnon.Mr Pennisi, who is marketing lots at Evergreen Ridge in Jimboomba, attributed the spike of inquiries to COVID-19, saying people were keen to find either vacant land or a house on a large block of land. “People are definitely keen to put space between themselves and their neighbours. Self-isolation makes people think about the important things in life and being confined in suburbia is not their focus now,” Mr Pennisi said.“Acreage gives people more options for a self-sufficient lifestyle, where families can live in larger homes. They can grow food and have space to park their boat or caravans on the block or build a bigger shed.”He said a lot of the inquiries were from the greater Brisbane area and mostly via Facebook and their website. Destination Brisbane Consortium project director Simon Crooks said their contractors were onsite and working safely and tirelessly to progress the construction of Queen’s Wharf Brisbane. “Our workforce is strictly following government guidelines, but otherwise its business as usual as concrete continues to be poured onsite to build the basements of the integrated resort,” Mr Crooks said.“Interest in the residences remains strong and following government guidelines we have introduced additional measures such as adopting a one appointment only at a time at our display suite.” QLD property industry adapts to new ways of buying and selling amid COVID-19 crisis NGU Corp’s new-build project, a five-bedroom, six-bathroom home in Ascot, will launch to the market in April, priced at more than $3.5 million.Brisbane developers are lapping up opportunities to sell new homes and off-the-plan apartments, particularly to offshore buyers, before the COVID-19 crisis takes full effect.A multimillion-dollar penthouse was sold last week at Queens Wharf Residences and inquiries have been strong from multi-generational families looking to build a “family compound”. MORE CORONAVIRUS NEWS: Millions in home sales as virtual reality auctions kick offcenter_img What next for our housing market?last_img read more

Bolt shuts down Facebook scam

first_imgWORLD’S fastest man Usain Bolt acted quickly to shut down an online impersonator looking to claim charity on the sprinter’s behalf.On Sunday a post published on social media platform Facebook, which bore the moniker Bolt Usain with photo and ‘feeling blessed’ status attached, asked fans to donate an amount of $200 000 in order to help a mother care for her sick child.The poorly-written note, completed with several grammatical errors, proposed that the sprinter was overburdened by helping people in need and that he himself now desperately needed help.Then real Bolt was quick to shut down the halfhearted impersonation attempt and posted the account to his official Twitter page after taking a screenshot of it and the message and, which he captioned with the word ‘Fake’.The post was later deleted by Facebook. The real Bolt is known for being charitable and has helped several individuals in need whether through his Usain Bolt Charity or personally.It remained unclear whether the post was being investigated by Jamaican police for attempted online fraud.last_img read more

Bond issue votes for NIACC & Clear Lake CSD Tuesday, Mason City CSD voters asked to renew revenue statement

first_img== Mason City Community School District voters are also being asked to go to the ballot box on Tuesday to renew the district’s revenue purpose statement. Each district must have a revenue purpose statement approved on how the one-cent sales tax earmarked for the school district is used. Superintendent Dave Versteeg in a recent social media post points out it’s not a new program or tax, as two of the biggest areas of use of the penny tax are upkeep of buildings and technology.  == For Clear Lake voters, about $10 million of the $18 million bond issue would go towards a proposed community recreation and wellness center, while the other money would be used for several projects at each of the district’s buildings. Superintendent Doug Gee says the process of looking into improving gym space needs started in 2017 and has culminated in a project along with the city on a center that can be used by the entire community.  “Part of that was we’re going to do some gym space, and then we went to the city. Board member Tony Brownlee and I went to see Scott Flory and Mayor Crabb and said we could make this more extensive project if the city would be interested in coming on board. The school has the land, we don’t have to purchase the land, we have the bonding capacity to do this without increasing the tax rate levy from the school standpoint, would you be interested, and they said absolutely. The next process, we involved about 15 community leaders and asked them if this was something you think the community would be your behind, in favor of, and they all said absolutely.” Gee says when he first came to the school district, the district had overspent, but now that’s under control, it’s time for the district to look at making improvements.  “We’re in a position now, we’re in the best financial shape that Clear Lake really has ever been in as far back as I can look. We’re in a position where we are not going to need to put on any type of cash reserve levy. What that allows us to do is to bond for this $18 million and keep the school’s tax rate levy even at $10.39. In fact, it actually looks like our tax rate levy could even go down over the next five years because we’re in a much better cash position as a school district.” Gee says the center will be helpful not only for community wellness, but for academics for the district.  “If a person looks at student participation, there’s lots of research out there that says that students that participate in activities do better academically. Having more gym space gets our kids home at a decent time instead of sometimes we have practices going till 8:00 or 9:00 at night. Practice in the morning. I think that we can if not eliminate really cut back on that in the morning practices, which has helped out academics. We also have the ability that as our kids get more involved, physical activity helps in the classroom, so having things to be more involved.”   Polls are open Tuesday from 7:00 AM to 8:00 PM. Click here for a list of polling places in Cerro Gordo County MASON CITY — Voters throughout north-central Iowa will be headed to the polls on Tuesday to decide on bond issues. The entire listening area will be deciding on a $15 million bond issue for North Iowa Area Community College, while Clear Lake Community School District voters will be deciding on an $18 million referendum.  == For NIACC, it’s the first general obligation bond asking of the voters in the college’s 100-year history. President Steve Schulz says the campus is 50 years old and some of that money will be used to improve the campus infrastructure as well as for improvements needed for the future.  “Just like your home, it’s starting to show a little age, some of it you see, some of it you don’t see. the underground pipes and the roofs and some of those things you just don’t see. What we’re trying to do is reinvest in that physical plant so that we can set that up for success moving forward. We’re going to invest heavily in the workforce training side of this for science, technology, engineering, health, advanced manufacturing, technology. We’re going to build a few, maybe two to three, career centers which will be outside of Mason City proper, that will allow high school access to these high-quality career programs that currently do not.” Schulz says it’s a ten-year bond that will cost taxpayers spread out through 11 counties about 85 cents per month on a home assessed at $100,000.  “It’s spread out over 11 counties, so that’s why the numbers are so low. When you think about local school bond issues, that’s all in one district. This goes in 19 school districts, and all of seven and parts of four other counties. At the end of the day, on a $100,000 home, it’s going to be $0.85 a month or $10.17 a year. That’s about as reasonable a bond as you can put out in front of your voters. On a $200,000 home it’s $2 78 month and $21.32 a year.” Schulz says now is the right time to address the infrastructure needs on campus.  “We want to be as reasonable as we could and get some of these infrastructure pieces taken care of so that those costs don’t go up. One of the interesting questions that I get is ‘what if it doesn’t pass?’ I say ‘put me on your agenda for a year from today and I’ll be back with a higher number’, that’s kind of the truth. We think we’re at the right time with this. Inflation is not your friend when you start talking about infrastructure upgrades. We think we can do just really some great work with this ask, and hope folks will get out and vote on March 3rd.”last_img read more

Thursday June 4th Local Sports

first_imgMASON CITY — School administrators statewide the last couple of weeks have been scrambling to prepare for the summer sports season. Mason City High School principal Dan Long says it’s been a collaborative effort working with the rest of their Central Iowa Metro League members schools in establishing schedules and safety protocols.KGLO News · 6 – 4-mchs – 1Athletic Director Dan Phipps says with modifying the teams’ schedules, he’s had to deal with issues such as scheduling umpires and having to think ahead in case there needs to be alterations to the schedule due to weather.KGLO News · 6 – 4-mchs – 2Phipps says athletic directors across the state know that this summer will be a constant situation of having to be fluid and flexible with a myriad of possible situations.KGLO News · 6 – 4-mchs – 3One of the casualties of the revised schedule means that the annual crosstown rivalry games between the Mohawks and Newman will not be played. Long says it was a tough decision to not play those games.KGLO News · 6 – 4-mchs – 4Mason City High’s first games of the year will be on the road at Waukee on Monday June 15th. The Mohawk softball team will play at Clear Lake the next night, with both the baseball and softball home openers being Friday June 19th at home against Dowling. Long and Phipps made their comments Wednesday afternoon during the weekly Cerro Gordo County COVID-19 press conference as you heard on AM-1300 KGLO. AMES, Iowa – The Iowa State Athletics Department announced Wednesday its first positive COVID-19 test result.A part-time student worker notified the department over the weekend of a positive result and the athletics department staff member that worked closely with the student worker has been quarantined. Contract tracing procedures related to the incident are also underway. Additionally, four student-athletes (two different sports) have experienced symptoms after being in close contact with individuals outside of the athletics department who have been infected by the virus. Those student-athletes are also in quarantine and are awaiting test results.“The potential for infections and positive test results has always been very real for an organization like ours and we’ve been thorough and diligent in planning for such incidents,” Director of Athletics Jamie Pollard said. “Our medical team, headed by Mark Coberley, has done a magnificent job in preparing protocols and procedures for countless scenarios related to the virus.”Pollard said the positive results were not unexpected and he is confident that the medical professionals will skillfully address the situation.“This certainly is not a great surprise. We believe our plan to isolate infected individuals, continually communicate and educate our student-athletes and staff on proper hygiene, ongoing efforts to thoroughly sanitize our facilities, and implement other strategies as necessary, will allow us to ultimately be successful in mitigating the impact of the virus,” Pollard said.One key aspect of the recovery period is isolation for individuals with positive tests. Anyone staff or student-athlete with a positive result will be restricted from department facilities for an extended period of time (3-6 weeks). Individuals, who have been in close contact with an infected individual in the 48 hours leading up to their symptoms, will be isolated for one week followed by further testing. This is mandatory protocol to attempt to contain the potential widespread infection of COVID-19 amongst our athletes, staff, and community.As more student-athletes begin returning to campus in the coming weeks, the sports medicine staff will be educating them on proper hygiene practices, responsible behaviors outside of our facilities and the importance of mitigating risks for contacting COVID-19. TONIGHT:AM-1300 KGLO — Minnesota Twins classic game — 7:00AM-1490/96.7-FM KRIB, — 2015 Class 2A state baseball semifinal — Clear Lake vs. Davis County — 7:00 KNOXVILLE, Tenn. (AP) — Former Iowa State football coach Johnny Majors, the coach of Pittsburgh’s 1976 national championship football team and a former coach and star player at Tennessee, has died. Majors died Wednesday at his home in Knoxville, according to his wife. He was 85.Majors compiled a 185-137-10 record in 29 seasons as a head coach at Iowa State, Pitt and Tennessee.At the age of 33, Majors was hired to take over the Iowa State football program prior to the 1968 season. Majors faced a giant rebuilding project, as the Cyclones were a combined 4-15-1 the two seasons prior to his arrival. In his third season (1970), the Cyclones made progress, recording a 5-6 mark, setting up a breakout season in 1971. Iowa State raced out to a 5-1 mark and ended the season at 8-3, securing a bid to the Sun Bowl, the school’s first-ever postseason appearance. In Majors’ final season in 1972, the Cyclones made it to their second-straight bowl game by participating in the Liberty Bowl, finishing the season with a 5-6-1 mark. One of the highlights of the season was a 23-23 tie vs. No. 3 Nebraska in Clyde Williams Field, ending the Cornhuskers’ 24-game winning streak vs. league opponents. Majors announced his resignation following the Liberty Bowl contest vs. Georgia Tech to take over the head coaching duties at Pittsburgh.In his playing days, he finished second to Notre Dame’s Paul Hornung in the 1956 Heisman Trophy balloting.Majors was inducted into the College Football Hall of Fame in 1987. IOWA CITY — Iowa coach Kirk Ferentz says the return of players to the football facility will be controlled. Ferentz and several members of the coaching staff have returned to their offices this week. Players begin returning on Monday.KGLO News · 6 – 4-kfjune – 1Ferentz says they will be bringing back more coaches and staff in stages.KGLO News · 6 – 4-kfjune – 2Ferentz says there are several new guidelines to enter the football facility.KGLO News · 6 – 4-kfjune – 3Ferentz says for the time being staff meetings are still being held via Zoom.last_img read more

Chelsea star reveals joy after achieving career target

first_imgCesar Azpilicueta believes he was right to join Chelsea as he has won the trophies he has always desired.The Blues secured a first Premier League title for five years on Sunday, adding to their trophy cabinet after winning the Capital One Cup back in March.Azpilicueta joined Chelsea in the summer of 2012, arriving for £7m from Marseille and establishing himself as a key component of Jose Mourinho’s side.Clubs in Spain were also eyeing the right-back when he made the move to Stamford Bridge but, after lifting the Premier League trophy at the weekend, the 25-year-old feels his choice was justified.“It was a target for me when I came here to win the league,” Azpilicueta told Chelsea’s match day programme.“I said when I became a Chelsea player that I wanted to win trophies. We have been top of the league since August.“Even when we have had less good games, we got the points, and that is what’s most important.” 1 Cesar Azpilicueta celebrates Chelsea’s title win with John Terry last_img read more