Bag a Brisbane unit bargain before they are all gone

first_img How to stay in love during a reno >>FOLLOW EMILY BLACK ON FACEBOOK<< RELATED: The communal area at the Water St apartment complex.“In 12 months our current supply levels will be absorbed and we will be in the same sort of space as 2009, where there’s just nothing around and it will take years to catch that up again.”Mr Walker said if banks had a more controlled and sustained approach to the financial situation, more quality local developers would be building.“If negative gearing is removed from the landscape as well, then we’re in a situation where good quality product is going to be sold well,” he said. BUYER’S MARKET: It’s the right time to grab a discounted unit like this one at 1108/338 Water St in Fortitude Valley, that’s on the market for $339,000. Research by PRDnationwide puts the shortfall at 15,500 apartments by 2023.“There’s always going to be a two to three-year horizon for developers to be making changes and … this year there’s a bit of a low but it flings back up a little bit in 2020,” PRDnationwide research analyst Josh Mangleson said.“That’s reflective of the fact that developers put on their brakes in the last year or so.”The latest Place Advisory Apartment Report said Brisbane was now on the “cusp of change” after a period of significant construction.“This did, however, temporarily create a supply surplus and subsequent subdued price growth in the region was widely recognised during this period,” the report said.“Simultaneous strengthening of the local economy and increasing population growth is seeing supply absorption occur and the rental market strengthen in parallel — helping inner Brisbane’s property market transition into a new growth cycle.” Place Advisory director Lachlan Walker said the market faced a similar scenario in 2007-2008 when the global financial crisis hit and supply tightened substantially. “The cheaper investment product, which doesn’t really have a secondary market place outside of an investor, that’s going to struggle a bit, but that good solid stuff that investors buy that can be sold back to an owner- occupier in the future, that’s going to be the product that goes really well and continues to see price growth.’’ The oversupply of apartments in the Brisbane market has been a hot topic in recent months but experts are now predicting a looming undersupply within five years. Place Advisory’s Lachlan Walker.“All the projects that were currently in the market place were slowly getting absorbed and there was no future supply coming,” Mr Walker said.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours ago“The first new large release following the GFC, was in 2010 and that was over in Hamilton Harbour, which then started that next cycle that we saw, which follows the next five years.“In that five-year period, we probably caught back the demand, or the supply imbalance between 2008 and 2011 and then probably overshot that a little bit through 2015-2016.’’But Mr Walker said bureaucratic measures taken to curve the market place has pushed it back too far.“We’ve gone past that period of balance and we’re now in a market where it’s almost impossible to get finance, unless you’re very, very well heeled,” he said.“Brisbane is the most difficult place to deliver any new stock, so those who do get into the market place in the next 12 months are going to do well but there will be a lot that just won’t happen. Buyer pays $4m for 20-year-old unit Brisbane homes listed at $300k MORE:last_img read more

Local Economist supports decision to increase retirement age and contribution rate

first_imgLocal Economist McCarthy Marie said he is supporting a decision by the Dominica Social Security to increase the retirement age from 60-65 and to increase the contribution rate as well.The DSS said it will go ahead with recommendations in an actuary report to increase the retirement age and contribution rate.Marie said the move is not only timely, but it will benefit the institution and pensioners as well.“It’s all in an effort to maintain the DSS. Given the fact that the conditions are already as they are, we have to say that it’s the entire society who will benefit. Otherwise, those who are 40 and 50 who will retire in ten, twenty years time is at risk,” he said.Marie said if steps are not taken, there’s a possibility than many persons will lose out.“People who will lose are those who are 50 and 55 who were expecting to draw their pension at 60, would now have to wait a couple of years more,” he said.The DSS is currently holding sensitization programs around the country on the issue and have indicated that the move is imminent. Dominica Vibes News LocalNews Local Economist supports decision to increase retirement age and contribution rate by: – September 19, 2011 10 Views   no discussions Share Tweetcenter_img Share Sharing is caring! Sharelast_img read more

Cliff Ensley earned everything. Now, he’s giving it all back.

first_imgTo understand why a former walk-on football player would donate millions of dollars to his alma mater, you must first know the man behind the check.Cliff Ensley is the last Syracuse three-sport letterman. He turned a $2,500 investment into Leisure Luggage, a multimillion dollar operation. He once added 15 pounds to jump up weight classes before the NCAA wrestling tournament to allow a teammate to pursue a national title in his former weight class.“I didn’t really answer to anyone,” Ensley said. “I had my own set of goals and my own motivation. But it was always just do the best you can and see where it leads you.”On Oct. 14, SU Athletics will reveal Ensley’s latest contribution, statues of former Syracuse lacrosse coaches Roy Simmons Sr. and Jr. This comes after he recently donated several million dollars to build an indoor turf football facility in 2015.Ensley considers this the latest bronze veneer in preserving a legacy he helped create. He often travels from his home in Edison, New Jersey, to a second home in Cazenovia — about 18 miles from SU’s campus — to watch games of the players he still calls “teammates.”AdvertisementThis is placeholder textHe has always seen life through this context. Ensley stopped wrestling in college to focus on football and lacrosse. Growing up in Scarsdale, New York, his efforts at defensive end and wide receiver didn’t earn him any all-league accolades, but he kept playing because he liked playing sports — even though he didn’t think the town wasn’t big on them.More than 50 years later, he donated the building that became the Ensley Athletic Center, a massive, white-paneled facility across from South Campus. Yet the building that bears his name isn’t his favorite contribution.“I think it’s a way of saying, ‘You never appreciated me when I was first starting out, but I’m appreciating Syracuse now,’” said former SU football coach James Ridlon.Zero Division I schools recruited Ensley, the defensive back one coach called a “skinny little guy,” but he walked on at SU anyway. The tryouts started with 20 players until two weeks later, when only one remained. Coaches remember how hard Ensley pummeled All-American running back Larry Csonka in practice. So, that spring, then-head coach Ben Schwartzwalder awarded him a scholarship.In Ensley’s sophomore season, when receivers consistently burned aggressive defensive backs for long plays, at least one backup adjusted by playing a step back. Ensley understood his role: don’t allow the big play. He provided his receivers a cushion, preferring to defend short passes rather than deep balls over his head. He wormed his way into the rotation, earning a start in the season’s third game. Ensley started every game after.“I think I’ve always had that attitude, start at the bottom and work your way up,” Ensley said. “I’d done that in grade school and high school, and that’s what I figured I would be doing at Syracuse.”In 1968, his senior season, Ensley remembered Syracuse punt returners weren’t catching the ball. When they did, they often ran sideways. Midway through the season, Ensley assumed the role, seldom calling for a fair catch and always running forward.In five games, Ensley fielded 31 punts, the second-highest SU single-season total ever. On Nov. 16, in a record-setting punt-return performance against Navy, Ensley caught a kicked ball as it sailed over his head, like a receiver. The risk proved worth it 76 yards later in the end zone.“He never really was recognized,” Ridlon said. “I had to to keep telling Ben Schwartzwalder how important he was.”Andy Mendes | Digital Design EditorAbout five years ago, Floyd Little set out in search of donors for a series of statues and a new athletic center. He knew to call the man who had been sending him Leisure Luggage products for years, the man he considered a teammate.Through talks with Dick and Gene Thompson, Ensley found himself more invested with the center. He discovered the Thompsons were dedicating the field to Gene’s father, a World War II veteran who fought on the beach at Normandy.Ensley agreed to pay for “(his) share” of the center if SU also memorialized Schwartzwalder, a fellow Normandy soldier. More than 50 years earlier, Schwartzwalder had given Ensley a shot. Now, his former player wants to show the same respect.Outside the Ensley Athletic Center stands a series of bronze statues. A cluster of them, called “Plaza 44,” contains the replicas of the three legendary SU running backs who donned the number 44: Jim Brown, Ernie Davis and Little, Ensley’s hero.To their right, the sculpture of an elderly gentleman with glasses and a Syracuse sweater stands alone. He wasn’t supposed to be there. The statue of Schwartzwalder had been dropped when the “44 project” was developed, Ensley said. Then, he stepped in.Ensley didn’t want his name on the building alone. He wanted Sue, his wife and business partner of nearly two decades, to share that space. But she declined, and Syracuse added her name to an inside wall of the building.“You can always owe back,” Ensley said, “but a lot of times you don’t get in positions where you can do it, so I did it. I take pride in doing it.”In 2007, Ensley founded the Orange Memorial Fund, which originally gave blankets with a block letter “S” to the families of deceased Syracuse athletes who lettered in football, wrestling or lacrosse — his sports. He also included boxing, because though he never played, Simmons Sr. coached it.The inspiration came when Thomas George, Ensley’s teammate and former roommate, died in the early 2000s, and Ensley attended a big town funeral. He thought Syracuse should honor him.Ten years after the program’s inception, it now covers all athletes. The program delivers a blanket to the family members of any deceased Syracuse athlete, hopefully before funeral services. The blanket always arrives accompanied by a handwritten note:“From your teammates, you’ll always be remembered.” Comments Facebook Twitter Google+ Published on October 4, 2017 at 10:56 pm Contact Josh: [email protected] | @Schafer_44last_img read more