29 Sep
2020

Number of asset management firms to fall by half within 15 years – report

first_imgThe asset management sector is set for radical change in the next 15 years, according to a report from consultants KPMG, with the number of firms in the global market shrinking to half their current number.In its new report, the consultancy said the asset management industry would transform because of huge shifts in client demographics and technology, as well as changing social values and behaviours.Asset managers had been too slow to make use of new technology, and big tech companies such as Google and Amazon are in a good position to enter the sector, it said.Tom Brown, global head of investment management at KPMG, said: “We are on the verge of the biggest shake-up the industry has experienced, and the message to asset managers is clear – adapt to change, or your business won’t survive.” He said the two main problems that needed to be looked at were the changing client base and technology. “It is no longer just about attracting the clients who are armed with cash and ready to invest,” he said. If they are going to succeed in the future, firms have to concentrate on building “cradle-to-grave relationships” with a very different and more diverse client base that includes much younger investors, he said. “They must also be mindful that women are increasingly controlling a bigger share of family wealth,” Brown said.The report predicted younger generations would save more money as they saw their parents run out in retirement. It also said there would be a lot of new money coming into the asset management industry in the next 15 years from the growing middle classes in China, Mexico, India, Nigeria and other developing economies.KPMG said in the future clients would demand more personalised information, education and advice from asset managers.This will require the firms to look closely at their technology capabilities, it said.Ian Smith, financial services strategy partner at KPMG, said there was too little focus in the sector on building the technology architecture to meet future business needs.“Platforms will need to be completely redesigned with the flexibility to support a much more diverse client base and deliver a step change in costs, control and client experience,” he said.last_img read more

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29 Sep
2020

Icelandic government takes on nursing home pension liabilities

first_imgThe agreement was made because some of the non-profit organisations that run the nursing homes had run into financial problems.A ministry spokeswoman said: “In general terms, those financial difficulties could be related to the financial crisis six years ago and its effect on Iceland’s economy.“Taking over the liabilities of the nursing homes ensures they are able to continue to provide service to their clients.”The liabilities relate to members of Division B of LSR, and of LH as a whole (LSR also runs a fully funded scheme, Division A, and an individual scheme, Division S).Both Division B and LH are defined benefit schemes and constitute a mixed system partly based on funding from accumulated contributions, and partly from supplemental contributions from public sources.The rights of fund members in these arrangements are based on their working life and the relative proportion of full-time work.Both these arrangements were closed to new members at the end of 1996.The liabilities transferred to the government amount to nearly ISK6bn (€40m).About half this amount has already been recognised as a liability on the government’s balance sheet, as the state already guarantees the pension fund liabilities in Division B of LSR, and in LH.As at 31 December 2013, the combined net assets for all LSR divisions came to ISK485bn, and for LH, ISK26bn.While the government has agreed to assume responsibility for existing liabilities, the nursing homes as employers have committed to paying their share of the liabilities, as well as paying extra pension contributions on behalf of staff members working at the homes affected, to avoid the accumulation of new debt. Iceland’s Ministry of Finance and Economic Affairs has signed an agreement with 11 nursing homes and two pension funds, transferring certain pension liabilities for the nursing homes’ employees to the state.The two funds are Lifeyrissjodur starfsmanna rikisins (LSR) – the pension fund for state employees – and Lifeyrissjodur hjukrunarfraedinga (LH) – the pension fund for nurses.The nursing homes’ employees belong to one or the other of these schemes.The liabilities include contribution increases to pensions that have been accrued in the past year but left unpaid.last_img read more

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29 Sep
2020

PensionDanmark backs government plan for agriculture investment fund

first_imgHe said this would result in growth and employment particularly in those parts of Denmark where they were most needed.Troels Lund Poulsen, Denmark’s minister for business and growth, said there were many farmers with effective businesses that they were ready to invest in, but who were hindered by high levels of debt.“Several hundred businesses are assessed as being effective enough to be able to remain profitable by investing more in their production combined with a long-term solution for their overall debt,” he said, adding that these were exactly the farmers the fund was targeting.Danish Agricultural Capital would receive a DKK500m transfer from the state.The ministry said the goal was to attract at least a further DKK500m from pension funds and possibly other investors to reach the initial goal of raising DKK1bn.It said the Danish Growth Fund would run the new farms fund, and that it was working right now on making deals with a range of larger pension funds to invest in it.“If the negotiations go as we expect,” Lund Poulsen said, “Danish Agricultural Capital will be able to grant its first loan at the start of 2017.”The new farm financing fund would offer subordinated loans that are non-callable by Danish Agricultural Capital. The ministry said there were no fixed sizes or terms for the loans and that they were expected to be for DKK5m to DKK10m, with terms of up to eight years at an individually fixed rate of interest.Loans are expected to be given to 150-200 farms over the next few years. PensionDanmark has voiced its support for an investment fund being launched by Denmark’s Ministry of Business and Growth to raise DKK2bn (€269m) of equity and debt financing for Danish farms.Torben Möger Pedersen, chief executive of the DKK189bn labour-market pension fund, said: “There has been a constructive dialogue for some time between the Ministry of Business and Growth, the Danish Growth Fund and several Danish pension funds about setting up Danish Agricultural Capital (Dansk Landbrugskapital).”The Danish Growth Fund (Vækstfonden) is a state investment fund set up in 1992 that invests equity and provides loans and guarantees for small and medium-sized enterprises in conjunction with private partners and Danish financial institutions. “It now looks as if a model has been found in which PensionDanmark and other investors can put capital into the new fund, thereby making a reasonable return while at the same time helping supply financing for skilled farmers keen to invest in their businesses,” Möger Pedersen said.last_img read more

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29 Sep
2020

People moves: French institutional investor association elects new chair

first_img300 Club – PGGM’s Jaap van Dam has become the newest member of the group of investment professionals that aims to challenge mainstream investment practice. Van Dam is principal director of investment strategy at the Dutch pension asset manager, responsible for formulating and implementing strategic change for the group’s investment management practice. Before PGGM he held roles at Algemene Bank Nederland, MeesPierson, VermogensGroep and Zanders & Partners.The 300 Club believes economic and investment trends are set to change the investing landscape over the next two decades, heading towards a turning point that presents huge risks to ordinary savers. It aims to raise ”to raise uncomfortable and fundamental questions about the very foundations of the investment landscape and investing”.Stefan Dunatov, chairman of the 300 Club, said: “As someone with experience in initiating a strategic change agenda, such as his current work in integrating climate risks at PGGM, Jaap van Dam is a great addition to our ever-growing 300 Club. We welcome Jaap and look forward to working with him to continue to raise awareness around key issues in the investment industry.”AZL – Chief financial officer Wim Hoogers is to leave pensions provider AZL, part of NN Group, as of 1 July. According to AZL, his departure comes in the wake of a review of the scale of the executive board. It said Hoogers had contributed significantly to AZL’s current position in the pensions market since 2002 and had indicated that he wanted to focus on positions on pension fund boards. Maarten van der Tuin, executive chairman, will take over the portfolio finance and risk management from Hoogers. The current tasks of Marcel Verheul (director client relations and advice) and Edward Heijkers (director of pensions and IT) will not change.Kempen Capital Management – The asset manager has appointed Michel Iglesias del Sol as its new head of investment strategy within client solutions. He has also been appointed a member of Kempen’s management team. He will focus on dynamic and strategic asset allocation advice and will be involved in the research of innovative investment themes. Iglesias del Sol joins from Willis Towers Watson Netherlands, where he was head of innovations and a member of the executive team. He is to start on 1 September.RPMI Railpen – Paul Nathan has been appointed chief operating officer (COO) of the investment manager for the £25bn industry-wide Railways Pension Scheme. Nathan will oversee the management of the middle office, business change, technology, and finance functions and will join Railpen’s investment leadership team. He will report to Julian Cripps, Railpen managing director. Nathan was COO at Old Mutual Global Investors at a time when they quadrupled their assets under management, and also worked in COO roles for the Church Commissioners and the Saïd Business School. Cripps said: “Having someone of Paul’s experience will be invaluable to us as we continue to strengthen systems supporting our developing internal investment capabilities. Paul’s appointment shows that we are able to attract the very best talent from across the asset management industry.”London CIV – The pooling project for 33 London borough pension funds has hired Larissa Benbow to its investment team. Benbow, a former investment manager for the HBOS UK pension scheme, reports to Julian Pendock, chief investment officer.Brunel Pension Partnership – The £25bn investment pool for local authority pension funds in the south of England has appointed three non-executive directors. Mike Clark worked at Russell Investments for 21 years, and has contributed to public policy through the Kay Review and Myners Review, as well as the UN Principles for Responsible Investing. Steve Tyson is a former CEO and CIO at Manulife Asset Management Europe, and is an independent adviser to two members of the Brunel Partnership, the Devon and Gloucestershire pension funds. Frédérique Pierre-Pierre is a former CIO and chief operations officer at Deutsche Bank and has also held senior roles at Credit Suisse.CDP – The environmental data non-profit organisation has appointed Carole Ferguson to lead its investor research arm. She will be responsible for expanding CDP’s research capability across sectors and markets, providing in depth analysis of the environmental risk and opportunity exposure of companies for consideration within the investment process. She recently worked as a sell side mining analyst for SP Angel, a boutique specialising in resources. Before that she worked at Société Générale Asset Management for close to nine years setting up their responsible investment strategy and research, subsequently working within the fund management team with responsibility for the resources and utility sectors. Comgest – The asset manager has appointed Eric Voravong as an ESG analyst, becoming the third dedicated ESG analyst to join Comgest’s investment team. He will take specific responsibility for ESG coverage of Asian companies. Voravong has over 27 years’ industry experience working in senior roles for BNP Paribas and ADI Alternative Investments. He joins Comgest having collaborated with the firm on key strategic projects for over eight years as an independent adviser, including the formalisation of ESG integration which began in 2010.Mirova – Hervé Guez, head of responsible investment research, will take on the additional role of head of equities and fixed income at the responsible investment affiliate of Natixis Global Asset Management. Guez will be in charge of coordinating the fund management teams in Paris and will report to Philippe Zaouati, chief executive officer of Mirova and Jens Peers, global CIO for equities and fixed income, based in Boston. Guez has been head of responsible investment research at Mirova since the company’s inception in 2012.KeyQuant – Serge Darolles, finance professor at Université Paris-Dauphine, has joined the Paris-based systematic asset management company as an external scientific advisor. Darolles has taught financial econometrics and empirical finance at Université Paris-Dauphine since 2012. Before joining Dauphine, he worked for Lyxor between 2000 and 2012, where he developed mathematical models for various investment strategies. He is also a member of the French asset management association’s scientific advisory board. At KeyQuant Darolles will assume responsibilities in the structuring and management of the research team. KPMG UK – Pat Race has been appointed partner in the consultancy’s pensions investment advisory team. He will join KPMG this month, coming from Mercer, where he was senior partner. He will work with the team led by Nick Evans on all aspects of pension investments.Fixage Actuariat – Paul-Laurent Ferreri will join the French actuarial consultancy as partner, in charge of the insurance consulting practice. He previously led the management consulting practice of Willis Towers Watson France’s actuarial consulting branch. Fixage is the French member of Abelica global, a worldwide organisation of independent actuarial consulting firms. State Street Global Advisors – The asset manager has appointed Kathryn Sweeney as head of SPDR Americas institutional sales. Part of her role will involve collaborating with the Americas institutional client group team to drive ETF sales with asset owners. Sweeney joins SSGA from Goldman Sachs, where she worked for more than 19 years, most recently as global head of distribution and product strategy for the securities division. Af2i, 300 Club, AZL, Kempen, RPMI Railpen, London CIV, Brunel, CDP, Comgest, Mirova, KeyQuant, KPMG, Fixage Actuariat, SSGAAf2i – The French institutional investor association has elected Jean-François Boulier as its new president. He succeeds Jean Eyraud, who had been head of the association since June 2011 and whose mandate could not be renewed. Af2i’s board designated Eyraud as honorary president, and, upon Boulier’s recommendation, adviser to the president.Boulier has more than 20 years’ experience in the financial services, including positions at Crédit Lyonnais and Crédit Agricole Asset Management. He was most recently at Aviva, where he served as CEO and chairman of the management board of Aviva Investors France since 2009. He was also chief executive of Aviva Investors Europe from 2010-2014. Boulier paid homage to Eyraud and thanked him for his “legendary commitment”, saying Af2i had under his presidency become a key player in the market. It had become a contact for public authorities on investment matters and, with other trade associations, helped communicate the views of French institutional investors on numerous recent policy matters, he said.last_img read more

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29 Sep
2020

Asset management costs at Dutch schemes on the rise

first_imgAsset management costs at the largest Dutch pension funds have risen for the first time since 2014, according to LCP Netherlands.The consultancy, which looked at the annual reports of 10 large schemes with combined assets of €846bn at 2017-end, said that asset management costs had increased by 2 basis points to 0.52% on average last year relative to 2016.In currency terms, costs rose by €485m to €4,268m.LCP said the pension funds attributed the increase to a re-allocation to more expensive asset classes, such as infrastructure and residential mortages, and higher performances fees for asset managers. Transaction costs, which had also remained stable since 2014, rose last year from 0.08% to 0.11% of invested assets, with pension funds citing an increased insight into costs, according to the pensions adviser.It found that, in contrast, administration costs per participant had dropped by nearly 7%, from €89 to €83 on average. LCP said the decrease was in part due to cost reductions agreed between the pension funds and their respective providers.LCP said that it could not establish whether higher asset management costs had led to higher returns or the other way round.Comparing returns and costs for the period 2012-2016 with 2012-2017, it found that returns had dropped while, at six schemes, investment costs had increased.At four pension funds costs had dropped, but proportionally less than returns had decreased, said the consultancy. It declined to link the schemes to their returns and cost data.LCP looked into the annual reports of the civil service scheme ABP, healthcare pension fund PFZW, the metal schemes PMT and PME, road transport pension fund Vervoer, multi-sector scheme PGB and railways pension fund SPF.It also examined the company schemes of telecoms firm KPN, electronics giant Philips and Rabobank.last_img read more

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28 Sep
2020

Balmoral apartment auction breaks suburb record

first_imgThe apartment has its own plunge pool.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:54Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:54 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAndrew Winter: To sell or to renovate?00:55 The apartment at 3/46 Main Ave, Balmoral, broke a suburb record.AN EYE-watering $3.35 million was dropped on a luxury apartment at an auction this week.The price smashed the previous suburb record for the highest sale price of a unit in Balmoral, which was $3 million, according to CoreLogic data. There are incredible panoramic city views.The apartment was part of about $10 million of property that changed hands at Place Bulimba’s inaugural All Star Auction event on Thursday night.The three-bedroom, three-bathroom property, 3/46 Main Ave, was part of R’AIR Balmoral, an award-winning development by P3 Projects. Views from every angle.“Bordering winter’s end and spring’s arrival, we have identified a captive window of four tofive weeks which presents a great opportunity to deliver meaningful campaigns for ourclients,” Mr Curtain said.center_img More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThe apartment is one of four.It is one of four designer apartments, which has a 30m frontage on Balmoral Hill and has panoramic views of Brisbane CBD.The property’s vendor said he was “delighted” with the outcome. Inside 3/46 Main Ave, Balmoral.More than 200 people turned out at the All Star Auction event, with 47 registered bidders vying for 23 properties.Place Bulimba’s principal Paul Curtain said another $10 million worth of properties was expected to be negotiated following the event, and that spring selling season was well and truly here, with auction clearance rates trending upward.last_img read more

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28 Sep
2020

‘Fixer Upper’ brings farmhouse style to 1930-built home

first_imgShaker cabinetry used in the kitchen is often found in United States homes.Fittings and fixtures include bespoke shaker cabinetry, American oak timber floors, timber wall panelling and french doors. MORE: Hoarder’s home — ‘worst house in best street’ An island for the price of a city home The poolside cabana is one of the agent’s favourite spots.She said some of the outstanding features included the gazebo near the pool and the kitchen and butler’s pantry.According to the realestate.com.au listing, the 7 Brae St has a modern farmhouse design on an elevated 539sq m block. MOST VIEWED: 7 Brae St, Coorparoo was Queensland’s most viewed property on realestate.com.au this week and the second most viewed in the country.THIS week’s realestate.com.au most viewed home in Queensland looks like it’s fresh from the set of (former) United States television show Fixer Upper with Chip and Joanna Gaines. Belle Property Coorparoo agent Amanda Beck said since the property was launched to the market on Wednesday (October 17, 2018) the inquiry on email and phone had not stopped. No space was wasted in the revamp.According to CoreLogic, the 1930-built home was purchased for $835,000 in July last year (2017), Ms Becke said it had since undergone a complete overhaul by Rachael Turner at Front Porch Properties.“It’s been a year in the making, they’re literally still doing final touch-ups today, cleaning and last minute items,” she said. More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoRelaxing spaces are everywhere to be found at this Coorparoo home.Included among its international appeal is the mud room, which Ms Becke said was a great feature for Queensland families.“In the States and Europe the mud room is used for when you come in out of the snow,” she said.“But here it’s just a great room for kids to plonk their school bags, their school hats and shoes and things before traipsing through the house.” >> FOLLOW EMILY BLACK ON FACEBOOK << Out with the old, in with the new — the farmhouse trend is set to the next big thing in Queensland.Ms Beck said the home’s popularity indicated that the farmhouse style was on trend and about to take off in the Queensland market.“The Hamptons look has been very on trend for the last couple of years … and was really appealing to everyone, and I think this is the new, on trend, modern farmhouse appeal, which Queenslander’s lend themselves beautifully to,” she said. RELATED: Mini-farm for sale in Coorparoolast_img read more

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28 Sep
2020

Brisbane homes shine in new series

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhich home from The Block would you pick?00:29AN immigration facility turned luxury residential development and a Queenslander renovated by a prominent Brisbane architect will star in the new season of Open Homes Australia beginning next week.Season two airs on 9Life on November 3, with former The Block contestants Michael and Carlene Duffy again at the hosting helm.And Brisbane properties will dominate the series.Open Houses Australia hosts Carlene and Michael DuffyThe local celebrity couple, who are still renovating their own home, said the episodes would take on a new one hour format, with new cooking and landscaping segments.Carlene said the new season would also include more properties and more design ideas.“And plenty of eye candy,” she laughed, clarifying that she meant of the property kind, not her husband.“There is quite a few Queenslanders (houses),” she said. “There is one with (Brisbane architect) Shaun Lockyer whose designs we just love.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:41Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:41 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenOpen Houses Australia – Sneak Peek00:42Lockyer’s designs are often ultra modern, but Carlene said the renowned architect had “really elevated the century old Queenslander and added some real spunk”.“It was interesting to see his spin on it given his usual aesthetic,” she said.Another of Carlene’s favourites is Yungaba House – a 130-year-old landmark heritage building that has served as an immigration depot, an accommodation centre for “bush children”, a reception centre for returning Aussie troops, a war-time hospital, and a multicultural centre.Yungaba House is now a luxury residential complex“I actually did work experience at Yungaba when it was still a multicultural centre,” Carlene said.“Back then it was not in a good way but you could still see it had good bones.”Inside one of the Yungaba House residences.The stunning building has since been transformed in to luxury residences by developer, Fraser Property Australia.Also featuring on the show will be Three Chimneys House – Michael’s favourite of the series so far.Three Chimney House at Chandler“They used the materials we love – brick, timber, concrete,” he said.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“And the way it was positioned around the gumtrees made it feel like it had been there for years.”Another house featuring on the show is an award-winning modern build by builders, Mancorp Quality Homes.Mancorp Quality Homes won the Brisbane House of the Year category for this showstopper at Bribie Island.That pool!Located at 41 Seaside Drive at Banksia Beach, the canal-front property was awarded House of the Year at the Master Builders Brisbane Housing and Construction Awards in July and also received the state award for Individual Home in the $1.26 million to $2 million category.And “Bellevue” at 5 Ross St in Paddington, which could easily be Brisbane’s most socially responsible house, will also feature in the series.Solaire Properties has set its sights on creating environmentally and socially responsible houses across Brisbane, with everything from energy-efficient lighting and Tesla technology to chain-of-custody timber used throughout Bellevue at Paddington.The couple said there was a property for every taste, with filming for the show continuing.As for their own home?“We are in the process of renovating our living room,” they said. “We are hoping to finish some more of our own home.”last_img read more

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28 Sep
2020

Cairns North is 68 per cent apartments, average age of 35

first_imgMother of Good Counsel primary school in Cairns NorthThere is also the collection of traditional Queenslanders which is bring investors closer to the foreshore to renovate and modernise the homes.Law, Cairns, Charles, Lily, and Thomas streets offer the best range and variety of the unique architectural style.Cairns North is also home to a number of heritage-listed sites, including the McLeod Street Pioneer Cemetery at 127—145 McLeod St, Herries Private Hospital also on 180 McLeod St, the Cairns Technical College and High School Building (now Block A of the Cairns State High School) on Sheridan St and Floriana Guesthouse at 183—185 The Esplanade.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoCairns North is less than 10 minutes to Cairns Airport and encompasses excellent community amenities such as Tobruk Pool, Cairns Hospital, Cairns State High School and Mother of Good Counsel Catholic primary school (above). Tobruk PoolHoliday residential and commercial buildings also make up the suburb. According to the 2016 census of Population, there were 5,191 people in Cairns North.Data from CoreLogic for November 2018 showed just 15 houses were sold in the last 12 month sin Cairns North.However, 195 units changed hands and the median price for both types of housing stock had grown 1.2 per cent in the past three months.On average 1.9 people lived in each home in Cairns North. Houses are held for an average of 11.1 years, apartments for an average of 9.4 years. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:53Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:53 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenRun-down rentals, your rights as a tenant00:53WITH the highest concentration of unit complexes and just metres from the city’s restaurants and the picturesque Esplanade, Cairns North is a suburb in demand.More than 68 per cent of the suburb was made up of apartments with the average Cairns North resident aged 35.Earlier this year, The Cairns Post reported areas such as Cairns North were tipped to follow the same change of fortune as Brisbane’s now affluent inner suburbs.In Cairns’ inner city suburbs, small homes on equally small plots of land are attracting high offers.last_img read more

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28 Sep
2020

Nick “Honey Badger” Cummins rumoured to have bought Gold Coast project

first_imgNick Cummins has reportedly bought on the Gold Coast. Picture SIMON CROSSThere are whispers Nick “Honey Badger” Cummins has bought a rebuilding project on the Gold Coast, not far from his dad Mark’s home.Cummins has been spotted looking at a $775,000, 1970s home on Broadbeach Waters, which is ­described in its marketing as “one for all you Blockheads out there”. MORE: Hayne set to offload Sydney investment First home for Rabbitohs star More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoWork required.The purchase would be highly fitting given his ambassadorial role with Tradies workwear.The home, with 18m water frontage, was sold through McGrath Surfers Paradise agent Simon Cowan.It traded at $5000 less than in 2017. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:49Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:49 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAFL housemates at war01:50center_img Cummins’ dad Mark sold the six-bedroom family home in Brisbane’s south for $1 million and moved to the Gold Coast, paying $1.47 million for a pad on Clear Island Lake.last_img read more

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