One more reason why Queensland is better than New South Wales

first_imgThere are plenty of homes on offer within 20km of the CBD for less than $500,000, including208 Lyndhurst Rd, Boondall which is listed for offers of more than $499,000. Picture: realestate.com.auBRISBANE buyers should be laughing as new figures reveal our affordable hot spots are half the price of those in Sydney.The latest PRDnationwide Hot Spots report labelled Sydney’s “affordable’’ suburbs as having median house prices of more than $800,000, while in Brisbane they were around $400,000.The report found 16.1 per cent of suburbs within 20km of the Brisbane CBD had a median price of less than $500,000.The majority of suburbs, 41.7 per cent were priced between $500,000 and $750,000 and only 3.8 per cent were for more than $1.25 million.PRDnationwide national research manager Dr Diaswati Mardiasmo said while buyers in the Brisbane market could still access plenty of suburbs with properties for less than $750,000 that number had dropped slightly since the end of last year.“Interestingly the under $500,000 market remained stable, potentially due to new unearthed suburbs becoming gentrified,’’ she said.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours ago“Affordability is the big question.’’While there were 16.1 per cent of the suburbs within 20km of the Brisbane CBD for under $500,000, in Sydney only 0.3 per cent and in Melbourne 7.5 per cent fell within that range.“Buyers in Brisbane with a maximum of $500,000 can access triple (the number of suburbs than) Sydney and double Melbourne.“You would need a budget of $1 million to $2 million to access most of Melbourne and Sydney.“this demonstrates the extreme affordability contrast between the three capital cities.Dr Mardiasmo said in the past 15 months to March 2017 Brisbane’s LGA median house price grew by 4.8 per cent, with the western suburbs attracting the strongest house price growth and the northern suburbs the strongest unit price growth.On realestate.com.au there are more than 5000 properties listed within the greater Brisbane region with an asking price of less than $500,000. Of those 897 are within the inner Brisbane area including.last_img read more

Golar LNG noticed to buy and convert Croatian FSRU

first_imgProject developers of the Croatian FSRU facility, LNG Hrvatska have issued Golar LNG with a notice to proceed with the conversion and subsequent purchase of 2005-built LNG carrier Golar Viking. Conversion capex will largely be funded by stage payments from LNG Hrvatska under the agreement, Golar LNG said in its statement.Golar LNG said that after a robust vetting process, Hudong has been selected as the yard to undertake the requisite conversion works.CSSC Leasing, an affiliate company of the yard, is expected to provide both conversion financing and bridging finance for the current vessel facility between yard entry, expected in 1Q 2020, and sale to LNG Hrvatska for €159.6 million ($180.6 million) upon completion.Golar will also receive an annual fee to operate the FSRU for 10-years, the company said in a statement.LNG Croatia, the state-owned company has sanctioned the construction of the floating liquefied natural gas terminal on the Island of Krk in February.last_img

Police Blotter 01-31-2020

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