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

Lloyd to Brathwaite: Turn potential into reality

first_imgLONDON, England (CMC) – Former West Indies captain Clive Lloyd believes Carlos Brathwaite can be among the best all-rounders in the world but needs to show the consistency required to get to the highest level.Brathwaite smashed an amazing 101 off 82 deliveries last Saturday as West Indies went down by five runs to New Zealand in a nerve-jangling World Cup encounter in Manchester.The hundred was his first in international cricket and Lloyd said it spoke volumes about Brathwaite’s potential.“I’m hoping that after his hundred against New Zealand, Carlos Brathwaite realises that he can be as good as any all-rounder in the world,” Lloyd wrote in his tournament column.“He hits the ball so well and is a top-class cricketer; he’s not a T20 player alone, as his performance at Old Trafford demonstrated.“There’s no doubt in my mind that Carlos can make big scores and win games for the West Indies, but now he needs to turn his potential into reality.”West Indies’ batting has been generally under par for the tournament and Brathwaite’s century was the first of the campaign for the Caribbean side.Asked to chase attainable totals of under 300 against Australia and New Zealand, West Indies’ batting came up short on both occasions resulting in two of their four defeats in the tournament to date.Lloyd, who presided over West Indies’ World Cup successes in 1975 and 1979, said the Caribbean side’s batsmen needed to follow the example set by New Zealand Kane Williamson in terms of constructing innings in one-day cricket.Williamson stroked a magnificent 148 against West Indies to lift his team out of trouble at seven for two in the first over. The knock followed up his unbeaten 106 against South Africa three days earlier.“Everyone in this tournament is making hundreds, but it says a lot that Carlos is the only West Indies player so far to do so,” Lloyd pointed out.“We have the talent it’s just a case of pushing on and batting long. In that regard, they need to look at the example set by Kane Williamson. The New Zealand captain didn’t break sweat at all and just knocked it around on his way to a match-winning 148.”West Indies lie eighth in the 10-nation standings on three points, and face India tomorrow in their next match at Old Trafford.last_img read more

Syracuse offense powers Orange past No. 4 Virginia, 3-1, to stay undefeated

first_img Facebook Twitter Google+ Published on September 25, 2015 at 8:31 pm Contact Liam: Alma Fenne stood outside the circle, eyeing the action in front of Virginia’s goal. The ball rested up against her stick and after pausing for a few seconds to let her teammates set up what looked like it was going to be a set piece, Fenne attacked.The midfielder burst quickly to her right and then back to her left — the explosive move leaving the Virginia defender behind her. A couple moves later and her backhand shot found the top right corner of the goal.It was Fenne’s fourth goal of the season which gave Syracuse a 2-1 lead with two minutes left in the first half.“If it was 1-1 it would have been a way different game,” Fenne said. “It would have been a game that we don’t know what would’ve happened.”No. 2 Syracuse (8-0, 3-0 Atlantic Coast) wouldn’t look back from Fenne’s score as it defeated No. 4 Virginia (8-1, 2-1), 3-1, Friday afternoon at J.S. Coyne Stadium. Serra Degnan and Liz Sack tacked on unassisted goals of their own as the offensive attack strengthened as the game progressed.AdvertisementThis is placeholder textMost of SU’s 14 shots were high-percentage looks despite only earning two penalty corners — one in each half.Though two goals were scored in the first half, the offense coughed away a few opportunities within the circle with poor passing. Emma Russell, the team’s leading scorer with six goals, appeared open near the cage a few times, but passes from Emma Lamison and Laura Hurff were off.Russell only had one shot, but Degnan and Sack both scored their first goals of the season to pick up the slack.“We really work hard to play team hockey, that there is no star within our system,” said SU head coach Ange Bradley. “… I think that’s repeatedly demonstrated in how we score, how we move the ball and how we played today.”Degnan’s goal came off a rebound when she scooped up what had been a kick save from Virginia’s Rebecca Holden and put it home.SU dominated possession in the second half, with Virginia registering only one shot in the second. SU also game planned for a switch of Virginia’s goalkeeper.The Cavaliers have been using a two-goalkeeper rotation this season where Holden and Carrera Lucas both play a half of the game. Sack said that through film preparation during the week, SU knew Lucas was very aggressive on coming out of the cage to stop shots and was prepared to take advantage.Not even five minutes after halftime, Lamison had already had two goal-scoring opportunities thwarted by Lucas charging from the net. Two other saves followed, all turned away by Virginia’s ranging goalkeeper.In the 17th minute of second-half play, Sack collected the ball at the top of the offensive circle. Lucas stormed all the way out to meet her — leaving the goal unattended. Sack swung the ball to her left and sent it sweeping around the charging Lucas and on a clear path to the cage.“Both (goalies were) really active and taking advantage of them when they’re off balance is really crucial,” Sack said. “… I knew she was stepping (toward me) … so I lifted the ball and committed to shooting anyway.”In its last two games against ranked opponents — then-No. 2 North Carolina and No. 11 Boston College — Syracuse trailed at halftime. On Friday, the offense got started early and Sack’s goal in the second half provided needed insurance to shut the door.Said Fenne: “The second half is our thing, but today we got some goals in the first half too, which is good.” Commentslast_img read more