443 Queen St by CBUSNEW apartment prices have jumped to a record high despite a drop in the number of sales.The latest Brisbane Apartment Essentials report by Urbis shows the average sales price increased by $87,000 in the last quarter, driving the weighted average price up to $767,000 – the highest ever recorded by the property analysis firm. The increase was driven by the higher average sales prices being achieved in the inner East Brisbane precinct ($1.33 million) and the Brisbane CBD ($1.28 million), according to the report.It comes at the same time as a penthouse sold off-the-plan in the Brisbane CBD for over $6 million — six times the city’s median unit sales price. This one goes on the market soon …The four-bedroom luxury pad has sold to a local Brisbane buyer, and is located on the 47th floor of the 443 Queen Stdevelopment being constructed by Cbus Property.It is one of two penthouses in the striking building, with the second one launching to the market soon. “We have already received a number of enquiries for the second penthouse and we are confident this will sell off-the-plan,” Cbus CEO Adrian Pozzo said.Urbis Property Economics and Research director Paul Riga said owner-occupier buyers were responsible for the increased price points in the last quarter, representing 48 per cent of all buyers.“Importantly, the majority of these sales are in projects that are in presale stage or under construction — indicating that buyers are becoming more willing to transact off-the-plan if the right opportunity presents itself,” he said.Local and interstate investors accounted for 19 per cent and 16 per cent of sales respectively, according to the report.Overall sales were down from 154 in the first quarter to 130 in the last quarter.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoThe Inner South (32 sales) and Inner North (33 sales) precincts both offered more affordable stock at $569,000 and $676,000 respectively, representing one third of all sales, according to the Urbis report.Meanwhile, the latest Quarterly Apartment Report from Place Advisory is also predicting green shoots for the local apartment market, with that report suggesting prices had increased 1.7 per cent in the last quarter.Place Advisory director Lachlan Walker said Brisbane remained a buyers market, with a lot of units available for 2008 prices. But he warned that trend would not last, with no new major releases expected over the next six months. “175 unconditional sales were recorded in inner Brisbane during the June quarter, up 31 from the previous quarter, and totalling $118 million,” Mr Walker said.“The weighted average price — it’s a modest increase, but it’s promising.” Currently on the market for under that average is a two-bedroom apartment on level eight in Bohemia at West End ($625,000), the last remaining off-the-plan two bedroom apartment in Lume at Kangaroo Point ($615,000) and a two-bedroom apartment in the Brisbane Skytower in the CBD (from $492,000). Just three apartments are left at the now completed Mode Newstead development.The Place report said that at the end of the June quarter, only 21 per cent of the total new apartment market remained available for purchase.Mr Walker said there were currently 54 projects being sold off the plan in inner Brisbane, but several of those developments had pushed back their expected completion dates.“Of the 1936 new apartments currently available for sale, 30 per cent are expected to complete construction in the second half of 2018, 31 per cent in 2019 and the balance in 2020,” he said.“This means remaining supply will settle in a more staggered nature, softening any potential negative impacts to the market.”Realm Projects managing director Shane Foley, whose company markets new developments including Mode, said many buyers were also now opting to see the finished product before committing to a sale. “From 2013 to 2016, off-the-plan sales were very strong in the Brisbane apartment market … but now, as the market has shifted, buyers are waiting for projects to finish construction, and as a result, sales figures for newly-completed developer stock have risen,” he said.This trend was also recognised in the Urbis report.“Resales of new product is certainly impacting the overall demand, but it also highlights that interest in Brisbane is still present, with positive investment and employment drivers giving buyers, particularly investors, added confidence.” Mr Riga of Urbis said.
21 Views 3 comments Tweet Share Share Share Sharing is caring! LocalNews Four win cash with Digicel by: – July 16, 2012 Digicel’s Sales and Marketing Manager, Nathalie Walsh (right) with Digicel’s top ranked winner, Clement Carty.Roseau, Dominica: Digicel, Dominica continues to wow its customers with innovative and exciting offers. Every month Digicel prepaid and postpaid customers are thrilled to participate in our monthly text to win promotion as a number of customers have won cash and lots of great prizes over the past couple months. During the month of June a great number of customers had fun texting the word ‘spin’ to 7171 for a chance to be one of four lucky customers to win $1000 cash plus a state of the art Samsung handset.Digicel’s Sales and Marketing Manager, Nathalie Walsh, with Jacqline St. Jean, one of the winners. Clement Carty of Goodwill for the third time is Digicel’s top ranked winner. Clement, one of Digicel’s top prepaid customer ensures that he tops up his phone frequently to text as often as possible to be the emerging winner in Digicel’s monthly text to win promotion. Clement walked away with a Samsung handset plus $1000 cash as his winning prizes for the month June. The other three lucky weekly winners of $1000 cash each are Kian Roberts of Goodwill, Jackline St. Jean of Penville and Denny Senhouse of Penville.Digicel’s Sales and Marketing Manager, Nathalie Walsh, said; “Digicel, Dominica’s Bigger, Better Network continues on its commitment to deliver the best value to its customers. We encourage our loyal customers this month to play the ‘Text to Win – Race to London’ game by texting ‘Olympic’ to 7171 for a chance to win an all-inclusive party for 20 at Krazy Koconuts plus two high end Samsung Handsets”.Press Release
Three minutes into the Cotton Bowl, nothing was going right for the Trojans.On the third snap, redshirt sophomore quarterback Sam Darnold had tossed a perfect pass to Deontay Burnett for 16 yards, only to watch the ball fly into the air and into Ohio State arms as the receiver crashed to the ground. In a minute and 12 seconds, quarterback J.T. Barrett marched his offense neatly into the end zone, walking one yard to score the first touchdown of the game.It was a pattern the team continued throughout the game, as the Trojans’ offense continuously shot itself in the foot on the way to a 24-7 loss. Despite a lights out performance by the defense, the game descended into a bloodbath in the second quarter and grinded to its sullen conclusion as the Trojans fought back for too little, too late.“The name of the game was turnovers,” head coach Clay Helton said. “We just didn’t finish today.”J.T. Barrett is dragged down – Katie Chin | Daily TrojanThe wheels came off in the second quarter, as Ohio State notched a field goal to take a 10-0 lead, then pinned the Trojans deep on the punt. Backed up into his own end zone, Darnold tried a quick fake — shifting his hips and head to the right, then pivoting back and throwing blind to his left — and instead threw the ball straight to a defender. He took off at a dead sprint, trying to cut off the defender, but it was long gone. The Buckeyes took a 17-0 lead, and the USC fans in the stands began to deflate.It was an off-kilter and off-brand night for the USC offense. Junior running back Ronald Jones II, a Dallas native who entered the game charged to play in his hometown, only carried the ball 12 times for 42 yards on the half. While the offense leaned heavily on the passing game, Darnold threw 12-for-22, taking three sacks as he notched 170 yards. In eight drives, the offense didn’t make its way into the red zone once.The defense stood as tall as possible throughout the first half. The unit held Ohio State to 237 yards, limiting Barrett to 71 passing yards. Rasheem Green and Uchenna Nwosu each notched a sack, while John Houston and Isaiah Langley led at the half with six tackles apiece.“It doesn’t matter if our [offense] makes a mistake, we have to play calm,” Green said. “It doesn’t matter if the field’s short or the field’s long, we have to do our job.”The pressure of holding down the line after two fumbles and a pick-six was a weight too heavy for the defense to bear. Barrett gashed the Trojans on the ground, sprinting for a 23 yard touchdown to put the Buckeyes up 24-0. Although the defense forced several three-and-outs, they were answered by rickety offensive drives that ended with the same dismal march of the kicking unit onto the field. Punter Reid Budrovich did little to help the Trojans, averaging under 35 yards per kick and sending one out of bounds for a penalty.A rare bright spot came in the dwindling minutes of the second quarter, when K.J. Hill muffed a punt for Ohio State, sending the USC special teams unit scrambling. For a moment, it was almost a slap-stick scene, as the ball bounced and skittered across the grass, slipping out of the hands of several tumbling Trojans.USC’s defense celebrates after making a play – Katie Chin | Daily TrojanMarvell Tell finally flopped onto the ball on the 15-yard line, pounding it into the turf as he shouted in excitement, and the offense lined up in the red zone for the first time. The touchdown came easily, set up by a pass to Daniel Imatorbhebhe and clinched by a one-yard rush from Jones. With points on the board and the lead cut to 17 points, a small sense of hope seemed to inflate the student section in the final two minutes of the half.That hope grew when the Trojans forced a three-and-out, headlined by a brutal sack by Green to drag Barrett back six yards. But a strong kick from Ohio State pinned the Trojans on their six-yard line to attempt a full-field drive in 59 seconds. Darnold botched a pass, and Helton elected to run the ball and the clock to finish the half.The second half stood as a testament to the defense, which shut out the Buckeyes offense and held a team that averages over 500 yards a game to a measly 277. Linebacker Cameron Smith finished the night with 10 tackles, while Nwosu roped up Barrett again to finish with two sacks and four solo tackles.“It was just it being our last game together,” Nwosu said. “As a team, as a brotherhood and as a family, we just had to fight together. No matter what the scoreboard says, play like it’s 0-0.”But a lack of offensive killed any chance of a comeback, as Darnold and the Trojans continued to stall at midfield and fail to find the red zone. The offensive line struggle to hold the Ohio State defensive line, which consistently swarmed Darnold on blitzes, barely giving the quarterback time to scan the field before he took pressure. By the end of the night, Darnold took nine sacks.“I told him in there in front of the team, I thought he was a warrior tonight,” Helton said. “To get off the ground that many times and make the plays that he did, he showed his true class and character.”And even when the Trojans glimpsed the chance to score, it remained out of reach. In the fourth quarter, Chase McGrath’s field goal attempt ricocheted off the right post, sending the kicker to the ground as he grabbed his head in frustration. A pass interference call in the end zone gave Darnold another chance in the end zone, only for a blitzing lineman to swat the ball from his hand for yet another fumble.“Whenever you turn over the ball that much, it’s hard to win games,” Darnold said. “It’s just the little things. There was a lot of stuff where we shot ourselves in our foot.”USC and Ohio State players get into a scuffle in the fourth quarter – Katie Chin | Daily TrojanThe game ended, almost fittingly, with a fight. As Darnold scrambled towards the sideline on the team’s final drive, he took a hard hit out of bounds, resulting in a personal foul. But Aca’Cedric Ware flew at the defender with a push, and several Buckeyes followed.Darnold held back one Ohio State player, but soon a scrum of players formed, shouting and shoving on the sidelines. Jamel Cook earned an ejection from the game for coming off the bench and taking a swing at another player before the two teams were dragged apart.“Tempers are going to flare in that situation, especially when your quarterback’s over there,” Helton said. “There’s nobody that’s maybe more loved on this football team than Sam. And it was just in the heat of the game, both sides. Unfortunate, but it is what it is.”The end of the game marked the end of a stumbling season for a team stocked with talent that fell just short of its expectations. It left many uncertainties for the team, headlined by the questions surrounding the fate of Darnold, who still insists that he hasn’t decided whether or not to declare for the NFL Draft.But as the team trudged to the locker room, recording its second blowout loss in as many seasons on this field, one thing was certain — AT&T Stadium is not a good place to be a Trojan.