Tag: 夜上海论坛YQ

Overseas buyers, bargain hunters driving surge in demand for Brisbane property

first_imgFormer expatriate Diana Edwards moved back to Brisbane with her husband and three sons. Photographer: Liam Kidston.BRISBANE has emerged from the shadows of its southern counterparts, with new figures revealing the tough times are over for the city’s property market as expats and bargain hunters drive a surge in demand.READ MORE: Extremes of Australia’s property market growth and decline revealedThe Queensland capital recorded the biggest increase in offshore property buyers over the past year — far higher than any other capital city — and many local agents say expats are behind the turnaround.Realestate.com.au’s Property Outlook report, released today, shows demand for houses in Brisbane rose 6.7 per cent in the past 12 months, while unit demand increased 4.5 per cent as buyers hunted for bargains despite oversupply concerns.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREAnglican Church Grammar School in East Brisbane. Photographer: Liam Kidston.The blue chip suburbs of East Brisbane, Indooroopilly and Paddington were most popular when it came to houses, while the Gold Coast was the most in demand among apartment buyers, with Tugun and Currumbin the highest demand suburbs in the state.RESIDENTIAL TOWER FIRST IN 30 YEARSDemand for houses in Paddington has increased. Photographer: Liam Kidston.“It looks like Brisbane’s really turning around,” REA Group chief economist Nerida Conisbee said.“If you have a look at the inner city and the east where demand is up more than 10 per cent, it shows there’s lots of people having a look, and when we see that, we generally start to see a pick-up in pricing.“All the talk has been about the housing boom being over, but if you look at Brisbane, it’s just warming up again.”GOLD MINE FOUND IN SUBURBAN BACKYARDREA Group chief economist Nerida Conisbee.Overall, home prices in Brisbane are up 1 per cent on year, with houses seeing a slight increase and apartments seeing a decline, according to the report.The city’s median house price increased 2.7 per cent to $525,000 in the past 12 months, while the median apartment price fell 4.1 per cent to $382,500.HOME FIT FOR HARRY AND MEGHANAerial images of suburban houses in Brisbane, where the median house price rose 2.7% in the past year.The report noted that Brisbane home prices never increased to the same levels as Sydney and Melbourne and it remained far more affordable.“With so much spending on infrastructure, the city is now well prepared for population growth which appears to be occurring as jobs growth continues to recover,” the report said.Offshore interest in Brisbane property has increased dramatically, according to the report.Demand from Chinese buyers for Brisbane property rose more than any other capital city in the year to May 2018. Source: realestate.com.au.Demand from property seekers from China for the Brisbane market jumped some 35 per cent in the 12 months to May 2018.Adcock Prestige principal Jason Adcock recently sold a prestige home to a Brisbane expat living in Hong Kong sight unseen.This home at 562 Fig Tree Pocket Rd, Fig Tree Pocket, recently sold to an expat for $1.928m sight unseen.Mr Adcock said the buyer wasn’t planning to come back to Brisbane for another 12 months, but did not want to miss out.“We’re starting to see a lot of that at the moment,” he said.Mr Adcock said high income earning expats from Hong Kong, the UK and the US were showing increasing interest in buying property in Brisbane and returning home.“They’re coming back to Brisbane and want to reward themselves with a trophy property,” he said.Property Pursuit director and buyer’s agent Meighan Hetherington said she had noticed a strong increase in inquiries from expats in the past 18 months.Ms Hetherington said her expat clients were either looking to create their future home base in Brisbane, or ready to repatriate.Buyers agent Meighan Hetherington of Property Pursuit bids on a property at auction in Paddington. Image: AAP/John Gass.She said changes in the lending landscape had put some pressure on expats to secure property in Brisbane in case standards tightened further.“Anyone earning a foreign income is pulled into the same lending criteria that is used for foreign buyers, which has meant a lot of pressure on the ability (for expats) to borrow to purchase,” Ms Hetherington said.“Some clients have taken six or seven months to get finance approval.”Ms Hetherington said the price differential between Brisbane and southern states was so great that Brisbane had become much more attractive from a value proposition.She said 80 per cent of her clients bought properties without seeing them in person, relying instead on research and detailed videos provided to them by buyers agents.Diana Edwards lived as an expat in Hong Kong with her husband and three sons for 17 years before deciding to return home to Brisbane.Ms Edwards said schooling and lifestyle lured her back to the Queensland capital.Former expatriate Diana Edwards moved back to Brisbane with her husband and three sons for the schools and lifestyle. Photographer: Liam Kidston.And she’s not alone. She now works with expats as a buyers agent and has a client who wants to move to Brisbane, even though he is originally from Sydney.“Generally the expat families who request our help to find a home in Brisbane are originally from here or have some connection to Brisbane, but we do receive requests from other clients who are originally from Sydney and Melbourne but are choosing to move to Brisbane due to affordability of property and lifestyle factors,” Ms Edwards said.“Once you compare property prices in these cities, Brisbane is absolutely the frontrunner in terms of the space it can afford for young families within proximity to the city.”Universal Buyers Agents director Darren Piper said he too had noticed an increase in overseas expats wanting to move back to Brisbane.“This is due to a number of reasons including schooling, interest rates and most importantly the Brisbane property market as they don’t want to “miss out”,” Mr Piper said.“Brisbane is set to soar in the coming years due to the large amount of infrastructure being built.“Expat buyers are savvy and know that now is the time to buy.”Mr Piper said expats in high income roles were earning an average annual wage of $175,000, which positioned them well to secure a “significant property” in Brisbane.He said it was also a matter of timing.“Certain expats have ‘done their time’ and are simply ready to have their feet back on home turf,” Mr Piper said.“This on top of the current market conditions is certainly influencing the decision to move back.”TOP SUBURBS FOR HOUSES IN BRISBANE1 East BrisbaneMore from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago2 Indooroopilly3 Paddington4 Holland Park5 Wilston6 Chandler7 Windsor8 Coorparoo9 Newmarket10 ToowongTOP SUBURBS FOR APARTMENTS IN BRISBANE1 Graceville2 Mansfield3 Tarragindi4 Camp Hill5 Red Hill6 Ashgrove7 Holland Park8 Tingalpa9 New Farm10 PaddingtonDEMAND FOR HOUSES AND UNITS NATIONALLYProperty views per listing (last 3 months) Year on year changeNational 1165 5.2%Canberra 766 16.2%Sydney 1631 -22.5%Darwin 491 4.7%Brisbane 1121 5.9%Adelaide 1723 2.7%Hobart 4399 38.6%Melbourne 2185 -6.1%Perth 678 6.4%DEMAND FOR HOUSES AND UNITS IN BRISBANEProperty views per listing (last 3 months) Year on year changeBrisbane – East 1127 16.7%Brisbane – North 1579 6%Brisbane – South 1637 -2.1%Brisbane – West 1912 0.1%Brisbane Inner City 1352 13.7%(Source: realestate.com.au)last_img read more

Sharks’ Evander Kane asks top athletes to speak out following George Floyd’s death

first_imgKane posted on Twitter on Wednesday that he had signed a petition for the four police officers involved to be arrested.”These officers need to be in jail,” he said. “The fact that you have CNN reporters getting arrested for doing their job in an extremely peaceful way and being cooperative with police, and yet you have four officers, one in particular, who murdered a man, and they’re out free. It makes absolutely no sense. It’s a complete joke, and that’s where the system that we live in . . . is in complete collapse.” The CNN reporter Kane was referencing was Omar Jimenez, who was arrested live on camera during a broadcast before later being released. As of Friday afternoon, the only officer who had been taken into custody was Derek Chauvin, who pressed his knee into Floyd’s neck for more than eight minutes. Chauvin was charged with third-degree murder. The death of George Floyd in Minnesota has sent shockwaves around the world, and figures from the sports world have begun to weigh in.LeBron James and Colin Kaepernick are among those who have spoken out on the incident, in which a now-former Minneapolis police officer was recorded digging his knee into the neck of Floyd, who was unarmed and being held down on the street. San Jose Sharks forward Evander Kane was one of the first members of the hockey community to speak out publicly. In an appearance Friday on ESPN’s “First Take”, Kane spoke about what affected him the most from the incident.”Well, first and foremost, an innocent man dying for no good reason,” he said. “It’s really disappointing to see this continuing in the world we live in today in 2020. Just the fashion that he was murdered; people watching, people shouting to help that man out, him telling the officer, ‘I can’t breathe,’ the cop in front of that incident pushing people back and not doing anything about it, it’s infuriating.”Was on with @FirstTake this morning https://t.co/g58zmNd5kI— Evander Kane (@evanderkane_9) May 29, 2020Kane, who is one of several dozen black players currently in the NHL, was adamant that the world’s most recognizable athletes, regardless of race, should be using their platforms to denounce the incident.”We need so many more athletes that don’t look like me speaking out about this, having the same amount of outrage that I have inside, and using that to voice their opinion and their frustration,” he said. “That’s the only way it’s going to change. We’ve been outraged for hundreds of years and nothing has changed.”It’s time for guys like Tom Brady and Sidney Crosby and those types of figures to speak up about what is right and, clearly in this case, what is unbelievably wrong,” he said. “That’s the only way we’re going to actually create that unified anger to create that necessary change, especially when you talk about systematic racism.” MORE: NBA champion Stephen Jackson discusses friendship with George FloydHe also said he wasn’t sure if there were enough hockey players making their voices heard on racial issues.”I don’t know. I haven’t seen too much,” he said. “What I do know is that, in terms of my teammates, they’re unbelievably supportive of me and what I stand for. I think hockey, unfortunately, has a different culture than some of the other sports in terms of speaking out, using your voice and speaking your mind.”I’m one of the anomalies when it comes to NHL players in doing that. That’s another part of our problem, is guys being scared to really speak their mind and stand up for what’s right. This example is one of many, unfortunately, of what has continued for a number of years and ever since I’ve been alive.”last_img read more