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first_imgMore from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoThis five-bedroom house at 17 Orchard Rd, Fairfield, NSW, has a price guide of $850,000. Manly, QLD For sale: A three-bedroom house at 33 Gordon Parade is available for offers over $649,000House price median — $780,000Unit price median — $515,000Distance from CBD — 15kms This four-bedroom beach house at 89 Bynya Rd, Palm Beach, NSW is asking for $2.35 million.In the Brisbane suburb of Fairfield though, you could pay more for a unit than in the Sydney suburb of the same name, with the median unit price sitting at $468,000, compared to $419,975 in Sydney.And the median house price in Queensland’s Windsor is nearly $200,000 more than that of Windsor in NSW, which sits at $670,000. Nerida Conisbee, chief economist at Realestate.com.au, admitted Queensland had it over NSW in the property stakes — despite living in Sydney herself.“Brisbane is far cheaper — more than 50 per cent of homes in Sydney have a median of over $1 million,” Ms Conisbee said.“A lot of the most liveable suburbs in Australia are in Brisbane because of traffic congestion and travel times — it’s a far easier city to get around.”She said the closest suburb comparison was Paddington, with the suburbs of the same name in both states being highly desirable, close to the city and in high demand.“They have similar characteristics, but when it comes to pricing, that’s where you’re getting more bang for your buck in Paddington in Brisbane,” she said. This three-bedroom house at 52 Rosemount Tce, Windsor, QLD, is listed for $849,000. Windsor, NSW For sale: A three-bedroom house at 55 Hawkesbury Valley Way is on the market for between $880,000 and $920,000House price median — $670,000Unit price median — N/ADistance from CBD — 45kms This four-bedroom house at 51 Domitia Avenue, Seven Hills, QLD, is accepting offers in the mid $700,000s Seven Hills, NSW For sale: A three-bedroom house at 24 Nevis Crescent is listed with a price guide of $740,000 to $790,000House price median — $785,000Unit price median — $670,000Distance from CBD — 27kms This three-bedroom house at 33 Gordon Parade, Manly, QLD, is available for offers over $649,000 Manly, NSW For sale: A three-bedroom apartment at 12/29 Marshall Street has an auction price guide of $2.4 million House price median — $3.205 millionUnit price median — $1.315 millionDistance from CBD — 9kms This four-bedroom house at 1 Sycamore Place, Palm Beach, QLD, is available for $949,000. The sellers of this three-bedroom townhouse at 8A/6 Ranley Grove, Paddington, are asking for $699,000+ Paddington, NSW For sale: A two-bedroom unit at 409/176 Glenmore Road is listed with a price guide of $825,000House price median — $2.3 millionUnit price median — $960,000Distance from CBD — 3kms This three-bedroom house at 24 Nevis Crescent, Seven Hills, NSW, is listed with a price guide of $740,000 to $790,000 Windsor, QLD For sale: A three-bedroom house at 52 Rosemount Terrace is listed for $849,000House price median — $851,500Unit price median — $490,500Distance from CBD — 4kms Inside the two-bedroom unit at 409/176 Glenmore Rd, Paddington, NSW. Palm Beach, QLD For sale: A four-bedroom house at 1 Sycamore Place is available for $949,000House price median — $820,000Unit price median — $450,000Distance from CBD — 83kms Tiffany Thayer and Mike Ricketts posing at their rental in Newport, Brisbane. They moved up from Sydney 12 months ago for cheaper house prices. Picture: AAP Image/Josh WoningNOTHING heats up a bit of interstate rivalry more than the State of Origin.As NSW and Queensland prepare to go head to head to battle it out for the crown of rugby league glory, it’s not just on the playing field that one state proclaims their superiority — the competition extends to the housing market.Some Sydneysiders couldn’t bear the thought of living anywhere other than the heart of their beloved city — and they pay a princely sum for doing so.But venture north to Brisbane and things are decidedly more attractive for property buyers who want a little more bang for their buck. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE When it comes to value for money in the property market, there is an overall clear winner, with the median house price in Sydney more than double that of Brisbane.But when you compare property prices in the suburbs of the same name but different origins, it becomes more of a competition.In the trendy suburbs of Paddington in both states, the median house price is above $1 million, but the median house price in Paddington, NSW, is double that of the Brisbane suburb of the same name.In Paddington, NSW, you can get a tiny two-bedroom unit at 409/176 Glenmore Road for around $825,000. A three-bedroom apartment in this complex at 29 Marshall St, Manly, NSW, has an auction price guide of $2.4 million.State of Origin tragic and Belle Property Wynnum Manly agent Haydn Meyer said there was no comparison between the two Manlys when it came to lifestyle and affordability.“For a third of the price (of a property), you get warm winters and balmy summers, ocean and tropical island views, with the southern hemisphere’s largest marina at your fingertips,” Mr Meyer said. “Plus, we have a train — they don’t, so you don’t have to get wet or seasick going to work.”In Palm Beach, QLD, you can pick up a four-bedroom house for more than half the price of a similar property in the suburb of the same name in NSW. This three-bedroom house at 55 Hawkesbury Valley Way, Windsor, NSW, is for sale for between $880,000 and $920,000.(Source: CoreLogic, realestate.com.au) The view from a three-bedroom house at 33 Gordon Pde, Manly, QLD, which is available for offers over $649,000. Inside the three-bedroom apartment at 12/29 Marshall Street, Manly, NSW. Paddington, QLD For sale: A three-bedroom townhouse at 8A/6 Ranley Grove is asking for $699,000+House price median — $1.1 millionUnit price median — $517,500Distance from CBD — 3kms This four-bedroom house at 1 Sycamore Place, Palm Beach, QLD, is available for $949,000. Palm Beach, NSW For sale: A four-bedroom beach house at 89 Bynya Road is asking for $2.35 millionHouse price median — $2.62 millionUnit price median — $1.425 millionDistance from CBD — 31kms This four-bedroom beach house at 89 Bynya Rd, Palm Beach, NSW, is asking for $2.35 million. Seven Hills, QLD For sale: A four-bedroom house at 51 Domitia Avenue is accepting offers in the mid $700,000sHouse price median — $950,000Unit price median — $422,000Distance from CBD — 4kms The kitchen in this two-bedroom unit at 409/176 Glenmore Rd, Paddington, NSW, which is listed with a price guide of $825,000.For over $100,000 less, you can buy a three-bedroom, two-bathroom townhouse at 8A/6 Ranley Grove, Paddington, QLD, complete with a big deck and within walking distance of the suburb’s restaurant strip.In the waterside suburbs of Manly, both about 10-15km from the CBD, the affordability factor is even more pronounced. ● WESTPAC PREDICTS TOUGH TWO YEARS ● SAM RILEY’S HOUSE FOR SALE ● RICH SUBURBS SHUN SOLAR POWER Expect to pay $2 million for an apartment in the Sydney suburb of the same name — and that won’t even necessarily buy you a view.But in the Brisbane suburb of Manly, you can pick up a three-bedroom house on 650sqm with breathtaking views of Moreton Bay for around a quarter of that price. This three-bedroom house at 138 Fairfield Rd, Fairfield, QLD, is asking for $749,000 Fairfield, NSW For sale: A five-bedroom house at 17 Orchard Road has a price guide of $850,000House price median — $805,000Unit price median — $419,975Distance from CBD — 23kms REA Group chief economist Nerida Conisbee.Michael Ricketts and Tiffany Thayer made the decision to move to southeast Queensland after finding out just how little they would get for their money in Sydney.For around half the price of a shack down south, the couple is building a four-bedroom, two-storey house with a pool and home theatre on the Redcliffe Peninsula.Mr Ricketts and Ms Thayer, who both work in sales, have bought a 400 sqm block of land in Stockland’s Newport development.They are working with builders and designers on their new home and hope to start construction soon. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:19Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:19 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p180p180pAutoA, 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 Rate1xFullscreenEXPLAINER: Cameron Smith retires from rep footy01:19 Mr Ricketts said they were now “living the dream” after paying $825 a week for a two-bedroom apartment in Sydney’s north.He said it would cost about $700,000 to build their house in Newport, including the cost of the land, whereas they had considered spending over $1 million to build a house in Oran Park, 60km southwest of Sydney’s CBD. “It’s ridiculous,” Mr Ricketts said. “And it was in an undesirable area.”Mr Ricketts admitted that while he was still a NSW supporter when it came to the rugby league State of Origin, Queensland was a clear winner when it came to lifestyle and housing affordability.“Now we actually get a house compared to living in a shoebox.” he said.“And the weather’s beautiful — we absolutely love it.”Here’s what you’ll get for your money in some of the suburbs of the same name in the two rival states: Fairfield, QLD For sale: A three-bedroom house at 138 Fairfield Road is asking for $749,000House price median — $714,000Unit price median — $468,000Distance from CBD — 4kmslast_img read more

first_img15 Curzon Place, Sunnybank HillsWhen they could finally afford to build a home in 2000, Mrs Padarath had a very good idea of what they wanted. “It is a custom-built house, everything is made to be lived in comfortably,” she said. The two-storey home has a luxurious style with fancy features including arches, large windows and chandeliers. 15 Curzon Place, Sunnybank Hills“It has a master bedroom downstairs as well as upstairs,” Mrs Padarath said.“If they have got elderly parents with them and they can’t go up the stairs then it is very easy for them.”It will be auctioned on-site at 15 Curzon Place, Sunnybank Hills, by Ben Leong at LJ Hooker – Sunnybank Hills June 30 at 10.30am. 15 Curzon Place, Sunnybank Hills“We like to entertain a lot,” Mrs Padarath said. “We can easily accommodate 100 to 200 people.” But with her children now grown up, Mrs Padarath and her husband are looking to downsize in to a smaller home. Mrs Padarath said the large floor space in the house would appeal to people with large families, or with extended families. Surekha Padarath at her home in Sunnybank Hills that is going to auction.When Surekha Padarath moved in to Sunnybank Hills, she wanted a home that was perfect for her family.Living in the popular suburb was a long time goal, but it required a few years of scrimping and saving while living in Parkinson to turn it into a reality. More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus18 hours ago15 Curzon Place, Sunnybank HillsIn the kitchen, the stove was lowered beyond the usual height so Mrs Padarath’s young sons could easily reach up and cook themselves food. “And I put a spice drawer under the stove – there are a lot of spices in there,” she said. “That way you don’t have to keep taking out the bottles from the pantry – it is one of the features I love about the house.”Although the 873sq m block had more than enough yard room for a pool, the family had very different plans and installed a second kitchen for outdoor entertaining instead.last_img read more

first_img More evidence buyer confidence is returning Ray White Principal Julie Mahoney said the falling price for units might be a result of the older style units sold over the period. READ MORE CBD units are the cheapest they’ve been in over a decade This three-bedroom unit at 110/167-173 Bundock St, in Belgian Gardens, is on the market for $219,000.PRICES for units in Belgian Gardens have dropped the most out of any other suburb in the state, falling 39.6 per cent over the year to April. Corelogic data shows the figure is a reprentation of the sale price for the 21 units sold over the period, with the median sale price for a unit in the suburb being $169,000. Houses in Charters Towers City was the second highest falling market in Queensland, with the median sale price dropping 33.7 per cent over the same period.The third highest falling suburb for property prices in Queensland was Rasmussen, another suburb of Townsville, with prices falling 31.3 per cent in the last 12 months. This three-bedroom unit at 110/167-173 Bundock St, in Belgian Gardens, is on the market for $219,000.“I believe the data indicates that an overwhelming majority of the units sold across that period were older style units,” Ms Mahoney said. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“As such, age and the need for renovation had a significant impact on the sale price — a lot of these units were built circa 1970s and 1980s.“I believe the median value will increase as higher and newer built units come to market and sell.” Explore property agent, Giovanni Spinella, who has recently sold a house in the suburb said the drop in sale prices in Rasmussen could be a result of motivated sellers moving while the market is good to buy elsewhere. “I think Rasmussen is a location where a lot of people have lived for a long time, maybe about 20 years, and now they’re transitioning to other areas to downsize or relocate,” Mr Spinella said.“A lot of sellers in the area are seriouse and prepared to listen to their agents about where the market is at, and they are also aware that they’re buying in the same market. “Ultimately It’s a buyers market in Townsville and people are moving on to buy elsewhere while the market is good.” READ MORElast_img read more

first_img Within easy reach of the CBD and the Oxford Street café district, Hawthorne’s style and quality can’t be argued. JI This house at 72 Elliott St, Hawthorne, is for sale.My pick is COORPAROO, given its proximity to the city and abundance of infrastructure.Lots of homes are being improved, but there is a mixture of units and townhouses that keep the values restricted a bit with the growth of the area as buyers do not want to invest too strongly in this area. JM It’s close to the CBD and has always been sought after for its lifestyle, and buying there eliminates the need for a car as you can take the ferry and walk everywhere. TWKANGAROO POINT has easy access to the CBD, public transport and opportunities for luxury apartment living with river views. SHHAWTHORNE is a premium riverside location and has an enviable selection of refurbished homes and colonial Queenslanders capturing river and city views. It is certainly a suburb to watch with still new house and land packages available, as well as the Meridian State College and Pacific Lutheran College. The suburb also offers great new infrastructure only minutes away from the university and public and private hospitals. JI Cleveland offers genuine choice when it comes to value for families and their needs in a home. TWMANLY — Brisbane’s best coastal suburb — is thriving with new homes and stunning renovators. There is a great blend of new and existing houses available in the suburb and it only takes minutes to walk to Oxley Creek common, with a serene patch of bird inhabited wetlands, easy paved walkways and picnic amenities. JIWith plenty of homes priced under $500,000, the gentrifying older suburb of OXLEY is an appealing alternative to its affluent neighbours of Sherwood and Corinda, where the median house price is above $800,000. Oxley was declared a Priority Development Area in FY19 with new homes and community facilities on the way along with a growing café culture and redeveloped shopping precincts. JM The suburb is also very close to some great schools. TW This five-bedroom house at 14 Coutts St, Bulimba, is scheduled for auction on December 14.HAWTHORNE is suburb that’s in high-demand and continues to thrive. UPPER COOMERA is a clean and green suburb with great schools. The CALOUNDRA region has always been popular with luxury buyers (and holiday-makers) who want to be close to the sea in a picture perfect coastal community. TW BANYO is close to the airport, Nudgee Beach, the CBD, and Banyo Village is fast becoming the hub of family living. CH BRISBANE SOUTHSPRINGWOOD offers great value for families in a well-established community, which has one of the most developed infrastructure networks in the whole south-east. TW This three-bedroom house at 10 Park Court, Springwood, is for sale for offers over $670,000.MOUNT GRAVATT EAST is a leafy, green suburb just 8km from the CBD. BRISBANE SOUTH It has many post-war homes that are undergoing stunning renovations. On the Brisbane River, just 8km from the CBD, this suburb offers a premium lifestyle. DH THE GAP, 8km west of the CBD, continues to provide exceptional value. GUMDALE continues to increase its average sales price off the back of Chandler’s high demand. Although Gumdale is not solely acreage properties like Chandler, with a current average sales price of $920,000 and only 20 minutes from Brisbane’s CBD, it will be the next Brisbane suburb to be included in the $1 million club. JM There are still some bargains to be found in this suburb for those looking for affordability and great public transport. DHANNERLEY, 4km from the CBD, offers generous sized blocks, perfect for families. ***LUXURY — $1 million-plusBRISBANE NORTH ALGESTER has great homes with an affordable $500,000 median price, a growing market and potential for future growth because of its proximity to the CBD, high buyer demand and high clearance rates for auctions. CH ***FAMILIES — $500,000 to $1 millionBRISBANE NORTHBRACKEN RIDGE is perfect for family home buyers with great quality homes, and it’s a favourite of those who like to shoot to the Sunshine Coast on the weekend. Ray White Queensland CEO Tony Warland.TINGALPA is on the cusp of suburbs that have thrived and is also close to all the great entertaining areas that Bulimba and Hawthorne have to offer. DH PARADISE POINT is where you go to keep your boat at a beautiful canal-front home, relax in a luxurious new build and savour the Gold Coast lifestyle. CH MARGATE is perfect for first home buyers and it offers a sea breeze, coastal lifestyle and a community that is set up with its own principality. And you are still able to commute to the CBD. Tony Warland HEMMANT is one of the few eastern suburbs where you can pick up a house for under $500,000. With a heap of new developments happening in the suburb and its close proximity to the gateway, it won’t be long before this suburb is reaching its maximum potential. JM With its wide streets with river views, ancient fig trees and classic Queenslander style homes, GRACEVILLE is one of the most searched suburbs of Brisbane. There is a renewed focus on prestige new-builds and renovations in this highly desirable location. JI This house at 46 Seaview Tce, Sunshine Beach, is on the market for $20m.People are drawn to NOOSA HEADS for the laidback lifestyle and it’s still only an hour’s commute from Brisbane’s CBD. JM BRISBANE WEST McGrath Queensland manager Justin Marsden.ALBANY CREEK has great facilities in Albany Creek Village, the Eaton’s Hill Hotel and a great hub for a night out. If you’re looking for an investment property or your first home, look to this suburb for capital growth. Christian Hamilton This property at 12 Navua St, Strathpine, is for sale.BRISBANE SOUTHI like MARSDEN in Logan City as it’s become a popular location for first home buyers, with yards of a good size for kids to play in. TW Hard to surpass for quality of lifestyle that is equalled only by the quality of residences that adorn its highly sought-after streets, HAMILTON is home to some of Brisbane’s best heritage and iconic residences and large estates. JISitting next to the blue chip suburbs of Ascot and Hamilton, HENDRA’S turn is coming. Well located Hendra will benefit from the redeveloped racecourse precinct and its new amenities. Land has been freed up for residential apartments, retail and commercial precincts, with the first major apartment tower in Mirvac’s 54,000 sqm development now under construction. While renovated homes backing onto Eagle Farm Racecourse are achieving multi-million dollar sale prices, there are still plenty of original homes on larger blocks in the $600,000 to $700,000 range. JM Buyers looking for renovated classics and modern luxe over $1 million cannot go past WILSTON for its village vibe and tight knit community. TW This five-bedroom house at 17 Dover St, Wilston, is for sale by negotiation.HENDRA is undergoing a major gentrification, with post-war homes being transformed in some of the highest quality renovations. This house at 7 Lancewood Ave, Peregian Beach, is on the market for $1.275m. Still a favourite location for the adventurers, MT COOLUM is definitely worth a look. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoMorning walks on the beach coupled with a cafe culture and a pristine coastline that parallels the relaxed clean-living atmosphere that is on offer. Great surfing, hiking and golfing are at your doorstep and many experts agree this suburb has yet to yield its full potential. JIWith migration from the southern states continuing it makes sense that these coastal areas will continue to grow. PELICAN WATERS on the Sunshine Coast is proving to be particularly popular with interstate buyers and is continuing to grow. JM They also offer a high rental yield for investors. DHOXLEY, 10.8 km from the CBD and with rail and motorway access, has a median age group of 34. There are plenty of new and modern homes in new estates, ample schooling and the suburb is within striking distance of the Gold Coast beaches. Three primary schools and one high school make this growth suburb ideal for families. JI Only 8km from Surfers’ Paradise, the median age group is 38. Located between the thriving suburbs of Broadbeach and Palm Beach, the suburb’s burgeoning café culture and lifestyle strip is in high demand. JIThe bridesmaid to Broadbeach, BROADBEACH WATERS is benefiting from the ripple effect, with a 15.2 per cent rise in apartment prices to a median of $501,250 in the 12 months to June 30, 2019 compared to just a 1.9 per cent gain to $530,000 in Broadbeach. Buyers might not get beachfront living, but they can buy canal front living just a few blocks away from the surf, with plenty of local restaurants, bike paths for families and a nearby rainforest walk. JM The year ahead looks particularly promising, with sustained capital gains on the cards for many suburbs across Brisbane, the Gold Coast and the Sunshine Coast.Some of the industry’s top heavyweights have shared their tips on where to invest in the state’s southeast corner in 2020 with The Courier-Mail. It’s also home to an amazing selection of trendy bars, restaurants and cafes. SH It’s long been a very affordable suburb of the Sunshine Coast. TW NAMBOUR offers very affordable family homes in an area where you get the best of the hinterland and the beaches. DH This three-bedroom house at 11 Pembroke Rd, Coorparoo, is for sale with best offers due by December 17.DUTTON PARK is small enough to feel like a close community, with all the local amenities of the Princess Alexandra and Children’s hospitals, a nearby train station and beautiful leafy parks set close enough to the CBD. CH The suburb offers lots of new home and land options and is close to an array of shopping centres. DHPACIFIC PINES is a northern suburb of the Gold Coast, between Helensvale and Nerang. BRISBANE EASTBULIMBA has to be one of the most popular inner-city lifestyle destinations for all buyers who want either a riverfront house or apartment living. LANDSBOROUGH is less than an hour’s drive from Brisbane and only 20 minutes from the great beaches of the Sunshine Coast. It is fast becoming a favourite suburb for families looking for a balanced lifestyle. JM With high demand for the relaxed lifestyle and a variety of housing choices, look to CALOUNDRA for continued growth amongst southeast Queensland. CH ACACIA RIDGE has affordable, large blocks available for those wanting more space. Super garages worth of super cars It is on the cusp of suburbs that have had long-standing recognition as some of Brisbane’s best to live in. DHCASHMERE, 24km north-west of the CBD is ideal for families with the average age group 40 and a 90 per cent owner occupancy rate. With multiple developments in and around this growth suburb, MERIDIAN PLAINS is close to Caloundra and the coast. Hands down, KANGAROO POINT offers wonderful opportunities, with a myriad of high quality property. It’s close to Rocklea markets, with various new trendy cafes opening in the local area. DHWISHART, 14km from the CBD, is for the lucky buyer, as it’s harder to find in this price range. This three-bedroom home at 121 Hoyland St, Bracken Ridge, is on the market for $470,000.NUNDAH is an area that will reach the $1 million median mark in the not-too-distant future. A modern, leafy suburb nestled in-between Mt Coot-tha and Enoggera hill, creeks, bush land and wildlife areas add to the attraction of this family orientated suburb. A bush retreat with the city at your feet. JI Caloundra is only 40 minutes away and it’s an easy lifestyle. TW Clean, safe and near great schools, the median house price is around $800,000. DH A great destination for the growing family looking for larger-sized blocks with modern homes. It’s a highly searched location, offering sport and recreation areas, with a tranquil semi-rural lifestyle. JI Within easy reach of the Cleveland shopping district and the direct gateway to Moreton Bay, this is a very popular suburb for those looking to escape the inner city and enjoy the open waters. JI Can’t beat the bayside suburb of WYNNUM for its community and location near Manly and a quick trip to the airport, CBD or coast. CH You cannot go past Graceville for its classic Queenslanders. It’s such a well-established suburb in blue-chip Brisbane and there’s still good buying in this price bracket. TW This house at 35 Molonga Tce, Graceville, is for sale.GRACEVILLE is a relaxed, leafy suburb with a community-feel. There are also still waterfront/canal homes that can be bought for less than $1 million. The suburb is away from the tourist hustle and bustle, but still close to the beautiful beaches. DH BRISBANE WESTGRACEVILLE is known for its beauty and heritage and will not much longer be in this price bracket given its progressing sales in the area. With an influx of buyers seeking out colonial Queenslanders and post-war homes, Annerley has been reborn as an eclectic, inner-city haven. The suburb has a café lifestyle and local shops and is a short commute to the city. JIOffering easy access to both the CBD and Brisbane Airport, CANNON HILL is enjoying constant improvement with major industry or previously underdeveloped land making way for beautiful new house development. The most exciting new project lifting Cannon Hill is the Minnippi development, which will include a brand new 18 hole golf course. JM BRISBANE EASTALEXANDRA HILLS is a beautifully elevated suburb and genuinely close to the CBD for those who are commuting, so perfect for inner city workers. TW Harcourts Queensland’s chief auctioneer, Christian Hamilton.BRISBANE WESTThe corridor from ROCKLEA to Ipswich has long been my pick for first home buyers in all of southeast Queensland. Rocklea has plenty of opportunities to buy under $500,000 and it’s only 15 kilometres to the CBD, while Ipswich is a big city where you can buy classic Queenslanders and new homes for under $500,000. This area has a good lifestyle and the new Costco at Ipswich is a real drawcard.Plus, it’s an easy commute to Brisbane’s CBD too. TW But an excellent opportunity exists here to buy a good house on a smaller block in this very strong growth corridor, where the median age group is 37. According to realestate.com.au, searches for property in this suburb are two and half times higher than the Queensland average. JI Jon Iceton, head of Queensland for Belle Property Australasia. ROCKLEA is a hidden gem just 9kms from Brisbane’s CBD. You are still able to pick up a property under $500,000 with the median house price sitting at $405,000. There are loads of amenities and easy access into the CBD by way of public transport. JM It also has good sized blocks perfect for starting a family with good bus routes to get you easily into the CBD. CH The resurgence of the Gold Coast icon suburb that is MIAMI continues, providing exceptional value and embracing everything the coast lifestyle has to offer. PADDINGTON, for its character homes renovated into multi-million dollar properties with views of the city from high atop the hill.Caxton Street, Given Terrace and endless eclectic cafes, plus Suncorp stadium, make it one of the best suburbs for relaxed luxury and lifestyle. CH This is another patch that will exceed the $1 million median house price in the near future.DHMORNINGSIDE, 5km east of the CBD, is an in-demand suburb that benefits from the surrounding suburbs of Balmoral and Hawthorne. GOLD COASTBROADBEACH is a mecca for prestige buyers for its lifestyle and modern living. This home at 131-135 Monaco St, Broadbeach Waters, is for sale. You cannot go wrong with COOLANGATTA for its beach lifestyle just minutes from the central Gold Coast. CHSUNSHINE COASTMOOLOOLABA homes in this price bracket are in very short supply as there’s a very low number of properties available. We asked Ray White Queensland’s Tony Warland, Harcourts Queensland’s Christian Hamilton, McGrath Queensland manager Justin Marsden, Belle Property Australasia’s Jon Iceton and Place Estate Agents’ Damian and Sarah Hackett where to buy — whether you have less than $500,000 or more than $1 million to spend.LET’S HEAR IT FROM THE EXPERTSFIRST HOME BUYERS — under $500,000BRISBANE NORTH SUNSHINE COASTNAMBOUR is a hidden jewel of opportunity as it offers both tranquility and amenities. GOLD COASTRUNAWAY BAY is a popular location because of all the things the Gold Coast has to offer — the shopping, great schools, transport, the lifestyle and being close to the beach. TWCURRUMBIN WATERS is home to lots of brick houses that are being renovated and new builds are happening across the suburb. This house at 36 Lancewood Dr, Albany Creek, is for sale.GOLD COASTThe long-established Gold Coast sweetheart suburb of NERANG is well-loved by first home buyers for its handy highway access and central location.The units are often older and bigger in this area too. TW Shopping, schools and amenities are at your fingertips and quality schools and recreation areas complete this family suburb. Strong rental yields will appease investors. JI This house at 70 Algoori St, Morningside, has just gone under contract. Photo supplied. WYNNUM and WAKERLEY are current family hotspots on the Bayside. Both close to good schools, they are also lifestyle choices for many families, with Wynnum directly on Moreton Bay, and Wakerley offering a semi-rural community feel. JM A neighbour to Noosa, PEREGIAN BEACH offers a quieter, family-oriented version of the town we all love. Riverfront homes are tightly held in the area as many are seeking the waterfront lifestyle. Hawthorne is one of Brisbane’s most highly sought-after suburbs in the high-end market, with some of the city’s most stunning homes. SHRABY BAY is infamous for its larger, canal frontage residences — some with private access to the foreshore. PADDINGTON is a beautiful leafy suburb located just a short 2km from the Brisbane CBD, which makes it the perfect place for professional couples as well as families. There are numerous things in the suburb that draw the attention of people from all over Brisbane. JM MORNINGSIDE is fast becoming a pocket for renovations of character homes.It also offers great buys for families looking to settle into a beautiful suburb. CH KEDRON, for its fabulous character home renovations and new builds and the fact it has some of Brisbane’s best cafés, great local schools, aquatic centres, parks, the new bike path, and quick access to the Sunshine and Gold coasts, with the CBD nearby. CH This house at 21 Kyeema Crescent, Bald Hills, would be perfect for first home buyers at offers over $439,000.STRATHPINE because of the new Sunshine Coast University, recently opened. The suburb offers aasy access to the CBD with the tunnel nearby. SH This property at 47 Hillary Circuit, Pacific Pines, is for sale via expressions of interest. PACIFIC PINES is a great family-friendly location only minutes from the beach and local theme parks — it has everything to offer. It’s rare to be able to pick up a home under $500,000 so close to all these amenities. JM Noosa Heads has been picked as one of the best places in southeast Queensland to invest in luxury property in 2020.IT HAS been a tumultuous year for the housing market, but one where southeast Queensland remained stoic despite significant headwinds. Brisbane was buffeted by the fallout from the Royal Commission into the banking sector and APRA’s introduction of tighter lending guidelines in the first half of 2019.But confidence returned and buyer activity picked up mid-year following the federal election and consecutive interest rate cuts. MORE: Case files of a Queensland house detective GRACEVILLE has held a strong market with excellent growth of almost 12 per cent.It has always been in high demand from families with its beloved, wide tree-lined streets and a huge amount of facilities for families. JM With its relaxing yet changing demographic towards younger families, its cafes and eateries are at your disposal. Only 7.8km from the CBD and on the rail line, it’s hard to go past. JI OXLEY has a train station, which makes commuting to the CBD a breeze and families who look to this area will find great amenities, cafes and parks. CH Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:50 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 Rate1xFullscreenExperts 2020 property predictions02:50 The suburb also has a high owner occupancy with over 38 per cent of locals being couples with children. Jon Iceton Wacky Octagon house has pool in the middle You’ll see a lot of the community at sporting or music events at Suncorp Stadium, and they can walk home! It’s always been popular with prestige buyers and only a short distance for professionals working in the city. TW This five-bedroom house at 47 Wilden St, Paddington, is for sale.FIG TREE POCKET is a stunning leafy, riverside paradise with spacious residences on large blocks over 1000 sqm — sometimes even acreage estates. If you can purchase a home in NOOSA, our advice is to buy, as the luxury home market is getting tight. Noosa is home to a stellar list of luxury properties with a beachside feel. CH WINDSOR has always been a desirable suburb, being just 3km north of Brisbane, however in recent times we have found the demand has been fuelled by the local primary schools, St Columbia Primary School and Wilston State School. There are many great amenities for families as well as shopping and café precincts. JM COOMERA has all the amenities of the Gold Coast nearby at an affordable price and is less than 45 minutes from the CBD. CH Only 16km from the CBD, situated next to the bay, and only minutes from bustling Manly, great value still can be found in the modern, progressive suburb of WYNNUM WEST. There is strong demand for the Wynnum West public school and Brisbane Bayside state college. JI Families looking for a tight-knit community will love SUNNYBANK for its large family homes, modern choices and for being an area that will continue to see high demand. CH This five-bedroom house at 88 Archer St, Gumdale, is for sale.COORPAROO is still a strong demand area due to its close location to the CBD and affordable luxury. CH This home at 159 Margate Pde, Margate, is for sale. GEEBUNG is affordable, close to Chermside shopping centre, has great public schools and an array of parks to choose from. It’s also on the cusp of suburbs that have already boomed. Damian HackettTAIGUM is only 16km from Brisbane’s CBD, with great schooling, parks and recreation areas. AROONA is only minutes from the best beaches, walking and cycle pathways, as well as the Sunshine Coast University Hospital and health precinct. CH Everyone loves PADDINGTON and it’s median price is roaring up. It’s increasingly becoming more of a luxury property hotspot with plenty of activity in recent sales. TWPALM BEACH has many stunning luxury new builds on the beachfront. In recent years there has been strong interest in the suburb, with cruise liners stopping there regularly. It has long been a favourite for Brisbane buyers who work in Brisbane by day, but who love the Sunshine Coast lifestyle. TW The residences on SOVEREIGN ISLAND are some of the most expensive properties in the country — some exceeding $20 million — and few slide under the $2 million mark. Ideal for the boating enthusiast with luxury homes with deep water moorings and direct access to the ocean. JI This luxury home at 7-13 King Arthurs Court, Sovereign Island, is for sale. PARADISE POINT hosts the Sovereign Islands, which is one of the Gold Coast’s blue chip locations. This area is one of the most expensive areas in Australia and many houses are sold for upwards of $2 million. JM This house at 74 Dahlia St, Cannon Hill, is for sale for offers over $715,000.BRISBANE EASTCLEVELAND is a beautiful bayside area with everything from a marina to a community of well established homes, and it’s just a ferry ride to Stradbroke Island. A premium location that will never lose popularity, NOOSA’S beachfront and beach view mansions will always be in high demand for luxury buyers around Australia. SHThe sea and tree change is certainly on, as the old makes way for the new. SUNSHINE BEACH is a relaxing, beachside location, with pristine beaches and national parks for the semi-retired and for those wanting larger land. A neighbour to Ascot, Hendra is the next suburb on the list to claim the high-end title. Sarah Hackett SUNSHINE COAST DARRA has plenty of three-bedroom homes available in the $300,000s. This house at 47 Nairana Rest, Noosa Heads, is scheduled for auction on December 14. BALD HILLS is an excellent location to purchase an entry level home with sales growth of 3.8 per cent over the last five years.It’s also perfect for the investor as it holds a 4.5 per cent rental yield. You can still pick up a home well under $500,000, with the median house price sitting at $465,000. Justin Marsdenlast_img read more

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:45Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:45 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, 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 Rate1xFullscreenWhat is the new HomeBuilder scheme?00:46With overseas travel off the cards for the foreseeable future, real estate agents are reporting a surge in demand for holiday homes on the Gold Coast. Buyers from Sydney, Melbourne and Brisbane are leading the way with inquiries on beachside apartments in popular suburbs, with many buying sight unseen. “With international borders shut, we’re getting people who would regularly holiday overseas now looking for a holiday home on the Gold Coast,” said Ray White agent Mark Stafford who is marketing apartment 16 Verve at Broadbeach. “We’re getting interest out of Brisbane, Sydney, Melbourne and the ACT.” To help narrow down the search, here are five properties attracting attention among those in the market for a Gold Coast getaway. 1303/13 Garfield Terrace, Surfers Paradise 16/173 Old Burleigh Rd, Broadbeach MORE: RSL prize complex winner makes a smart call 1303/13 Garfield Terrace, Surfers Paradise. 2435/9 Ferny Ave, Surfers Paradise Gold Coast-based ENT specialist surgeon Dr Dan Robinson is reluctantly selling a three-bedroom apartment in the residential only Verve.The majority of the 56 apartments are holiday homes with easy access to the beach, the Broadbeach dining precinct and Pacific Fair Shopping Centre.Mr Stafford said the size and location of the apartment held major appeal.“It’s one block from Oracle with all the dining and facilities of Oasis,” he said. “There’s over 180 sqm of liveable space and it’s got the north eastern aspect as well.”The apartment will be auctioned online and in-rooms this Thursday at 6pm. With almost 14,000 online lookers, this deceased estate has been among the top 10 most-viewed properties in Queensland on realestate.com.au for three weeks running.Occupying the full 13th floor inside the popular Beaches residents only building, it’s the first time the residence has been put to market in 23 years. “The building has a such a good reputation and very few apartments come up, particularly full floor ones,” said Kollosche agent Rob Lamb, who is marketing the property for $2.299m-$2.35m. Carol Witheriff, of LH Hooker Kingscliff, reports a surge in sales in Cotton Beach Residences, Casuarina where more than $7 million has changed hands in recent months. “Cotton Beach is the only beachfront complex in our region that has double council zoning,” she said.“You can live in these apartments or you can let them out for holiday or permanent let so you’ve got a lot of options,” she said. The renovated penthouse with ocean views from the rooftop deck is currently on the market for $1.495 – $1.565 million. “We’re seeing interest from down south and quite a few from New Zealand because it is beachfront, quiet and well maintained,” Mrs Witheriff said. More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago 118/685 Casuarina Way, Casuarinacenter_img 2435/9 Ferny Ave, Surfers Paradise 16/173 Old Burleigh Rd, Broadbeach Offers flood in for Australia’s most popular house Investor snaps up Gold Coast’s most affordable house The Bale Penthouse is the gem of the boutique Bale wing inside Peppers Resort & Spa at Salt Village in Kingscliff. The Bale complex has only 41 private luxury apartments and occupies one of only two absolute beachfront locations in Kingscliff. The rooftop terrace affords spectacular views along the Tweed Coast to Cape Byron lighthouse and west to Mount Warning.“This apartment itself would undoubtably have the largest total floor area of any absolute beachfront penthouse on the entire Tweed Coast,” said LJ Hooker Kingscliff agent Erin Nielsen who is leading the expressions of interest campaign.“It has a consistently high occupancy rate including Hollywood A-List clientele.” 118/685 Casuarina Way, Casuarina 1322/27-37 Bells Blvd, Kingscliff 1322/27-37 Bells Blvd, Kingscliff Holiday-makers will feel on top of the world inside this sky high apartment in the iconic Circle on Cavill complex.Located on level 43, the super tall tower affords views of the ocean, river and city lights. Shops, entertainment and sand are all on the doorstep while onsite facilities include a lagoon-style pool, lap pool with spa, indoor heated pool, gym, sauna and steam rooms.The property will be auctioned on Thursday at 11am through Ray White – Surfers Paradise.last_img read more

first_imgGlobal equipment and engineering services provider Sparrows Group has acquired Danish wind energy specialist Alpha Offshore Service. According to the Sparrows Group, the acquisition took place in a move to grow the company’s international footprint.The company already supplies capital equipment to the offshore and onshore wind energy industries, and believes the deal will strengthen its operations and maintenance capabilities in the sectors.Alpha Offshore will continue to be run under the same management as a separate entity within the company, Sparrows Group said.“Alpha Offshore is well-respected in the industry and they are a trusted supplier to a number of wind farm operators and turbine Original Equipment Manufacturers (OEMs). Their specialist in-depth knowledge and experience of in-demand services such as blade and turbine generator repairs, inspections and upgrades makes them a valuable addition to our group,” Stewart Mitchell, Chief Executive Officer at Sparrows, said.The companies believe that Sparrows’ engineering and design capability in structural, mechanical, electrical, hydraulic and reliability disciplines, combined with its global network, will enhance Alpha Offshore’s existing capability and international presence.Mikkel Lund, Chief Executive Officer at Alpha Offshore, said: “Being part of the larger Sparrows Group delivers many advantages for us and our customers as we look to expand into new regions. Their worldwide footprint and reputation gives us access to skilled technicians all over the globe and will provide many opportunities, particularly in the US and Asia. The synergies between both organisations allow us to support each other’s plans for diversification and geographical expansion.”In February, Sparrows Group signed a contract to supply 103 cranes for installation at the East Anglia ONE offshore wind farm, which is the company’s largest renewable contract to date.last_img read more

first_imgThe Swiss operating company Nord Stream 2 AG and Kvaerner have signed a contract for delivery of onshore facilities for a new Russian gas export pipeline. The contract value is above NOK 600 million ($71.6M), Kvaerner informed on Thursday.The two 1,200-km Nord Stream 2 pipelines will mostly follow the route of the existing Nord Stream pipeline in the Baltic Sea – from the coast of Russia to Greifswald on Germany’s northern coast. The project will have the capacity to transport up to 55 billion cubic meters of gas per year from Russia to Europe, connecting with pipelines within the European Union for onwards transmission.The new Nord Stream 2 pipeline will provide gas supplies to the European market. Kvaerner’s subsidiary Kvaerner LLC is contract partner for the work related to the construction of parts of the onshore facilities at the pipeline’s export landfall facilities in the St. Petersburg region.The work will include procurement and project management for civil, mechanical and piping works in addition to installation of some onshore pipelines and service buildings at the facilities.The scope of Kvaerner LLC’s contract consists mainly of civil works and foundations, procurement and installation of piping and valves for the pipe cleaning pig launch and receiver unit. The scope also includes installation of the approximately two kilometer long adjacent pipeline onshore, as well as construction of permanent buildings for operation of the gas export plant. Design of the installations will be performed by Nord Stream 2 AG’s engineering contractor.“We are excited to be selected for this important new project. We have extensive experience from both delivery of onshore plants and from solid track record on execution of projects in Russia,” says Hans Petter Mølmen, Executive Vice President for Concrete & New Solutions in Kvaerner.Kvaerner LLC’s execution of the Russian export landfall facilities will take place in cooperation with local subcontractors and international suppliers.When it comes to the project’s progress, Gazprom which manages the project construction through its subsidiary Nord Stream 2 AG, recently revealed that the construction of the Nord Stream 2 pipeline was on course to be completed in 2019.last_img read more

first_imgSpectrum Geo is set to acquire broadband 2D multi-client seismic survey over the Joint Management Area (JMA), managed by Joint Commission, located on the Mascarene Plateau between Mauritius and the Seychelles.This new dataset, covering 20,000 km, lies within exploration blocks already delineated by the proactive Joint Commission under their Hybrid Open Door Licensing System.This is the first agreement of its kind following the ratification of landmark treaties between the two countries in 2012 which concerned management of the continental shelf of the Mascarene Plateau region, and extended their joint jurisdiction by 396,000 km2, the company explained.Despite its location in the middle of the Indian Ocean, approximately 20% of the JMA area is in shallow water of less than 1000 meters.Spectrum has modeled gravity response over the JMA to be compatible with a fragment of the Madagascar-West Indian Jurassic and Early Cretaceous Crust.Neil Hodgson, executive vice-president Geoscience at Spectrum, said, “Our basin modelling puts the potential Seychelles style pre-volcanic source rocks into the oil window; this is corroborated by the presence of high quality oil slicks above the prospective area captured on satellite data. A live working hydrocarbon system lying unexplored below the basalts across this whole area is clearly demonstrated. Modern seismic acquisition and broadband processing techniques will allow us to reveal the oil potential of this fascinating basin.”Pre-funding opportunities for this seismic program are available now, the company added.last_img read more

first_imgNorwegian oil services company Aker Solutions has invested in floating wind power technology company Principle Power Inc., forming an alliance that brings its offshore oil and gas field engineering expertise into a renewable energy market.Aker Solutions has a track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help bring Principle Power’s technology – a floating foundation for offshore wind turbines, known as WindFloat – to a broader market, Aker Solutions explained on Wednesday.“We see a major opportunity in offshore floating wind where demand is growing in the transition to a low-carbon future,” said Aker Solutions Chief Executive Officer Luis Araujo.“Combining our capabilities with Principle Power’s technology will help advance floating solutions for offshore wind, reducing costs and risks for customers and spurring further growth in the sector.”“Partnering with Aker Solutions will strengthen our leading market position and accelerate the wider development of the offshore wind industry, with floating wind acting as a key industry enabler at a time when demand is increasing globally,” said João Metelo, chief executive officer of Principle Power.According to Aker Solutions, offshore installed capacity for wind power is expected to more than double by 2022 from 2016 levels amid a global push to use fuels with lower carbon emissions following the 2015 Paris agreement to reduce carbon dioxide as a way to tackle climate change.This goes hand in hand with Aker Solutions’ push into sustainable energy solutions. The company has commercially available carbon capture, utilization and storage technology, an essential tool in helping to meet global emissions targets. It also has capabilities in natural gas, a fuel that complements the global shift to more renewable power.Aker Solutions said that Principle Power’s WindFloat foundation allows wind turbines to be placed at offshore sites with some of the most abundant wind resources, irrespective of water depths. Installation, operation and maintenance of the WindFloat foundation lower the risks, costs and environmental impact compared with competing technology.Aker Solutions purchased an initial 5 percent stake in Principle Power and will increase this to 10 percent by the end of this year. It has the option to increase ownership further at a later stage.The companies are not disclosing the value of the transaction.last_img read more

first_imgSINN Power is set to begin its first commercial wave energy project on Cape Verde in Africa following the signing of an agreement with Fazenda de Camarão.SINN Power has partnered with Fazenda de Camarão to begin a commercial demonstration project for wave energy on São Vicente. Within this project, a SINN Power wave energy converter will be installed to supply an organic shrimp farm with 100% renewable energy.As agreed in the contract between the companies, the project launches shortly with a detailed feasibility study.“SINN Power is looking forward to realize the first steps of this feasibility study, as it could open a new chapter of renewable energy supply. If 10% of the energy needs of Cape Verde are covered by our innovative technology, we could reduce the yearly carbon footprint by 37,000 tons,” said CEO of SINN Power, Philipp Sinn.Over the following months, SINN Power will begin with the measuring of the local wave data. An exact wave profile will be generated and several other analyses will be carried out.As soon as the production of the sea food is fully established, SINN Power will start to protocol and measure the exact energy needs of the shrimp farm to tailor a perfectly customized off-grid system.The following step will be to install the SINN Power wave technology. To do so, the engineers will design a location-specific SINN Power wave energy converter array to match the individual energy demand, the company explained.SINN Power’s project manager Fabian Brandl added: “With the island São Vicente and our local partners we have found the ideal conditions for our first commercial wave energy project. Establishing a flagship project for sustainability will be an important milestone for our technology and will have a positive impact on all of Cabo Verde.”last_img read more