New report shows planned supply of apartment stock significantly increased

first_imgHigh rise apartments in Brisbane. File photo: Mark CallejaBrisbane developers are shying away from ‘cookie cutter’ apartments in the CBD and turning to the suburbs to build bigger, better quality projects aimed at owner occupiers.The latest Strata Development Pipeline Report – Capital City Metro Areas 2019 shows the planned supply of apartment stock in Brisbane has increased by almost five times – from 4000 units in 2018 to 19,000 in 2020. Colliers International PRDnationwide chief economist Dr Diaswati (Asti) Mardiasmo said developers were becoming smarter in reading their audiences and the property market, moving away from building in the CBD.“Normally cookie cutter apartments are heavy with one, two and three-bedroom apartments but now it’s units in the suburbs outside of Brisbane that are gaining popularity,” Dr Mardiasmo said.“Those suburbs have established dwellings or housing stock and so it’s just one or two boutique apartments coming on board. They aren’t big 20-storey towers.”“We find the three-bedroom units allow families to move in.”However Place Estate Agents residential research director Lachlan Walker said he did not believe the pipeline had increased to that extent.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago“It’s still sitting around 16,000 and 20,000 depending on the mix of one, two and three- bedroom units,” Mr Walker said.“I believe in the next 12-18 months time we will see the market turn back to one to two-bedders. We will see another generation of new development come through and it will become tighter cheaper stock.“Right now we the market has absorbed a lot of supply, we are already starting to see rents increase, and vacancy rates decline. Anyone trying to release something in today’s market is constrained by finance.”Dr Mardiasmo said the suburban unit market would not become “flooded”“In terms of suburbs they are already characterised as a residential area. They are boutique builds, not massive towers.”She said Brisbane’s market was getting better apartment stock.“Developers are getting more innovative. Brisbane vacancy rates have fallen from 2.9 per cent in July last year for 2.4 per cent now,” she said.“Developers are thinking about how to make their project more attractive, from garden roof tops to child care in mixed-used developments.”last_img read more

Dosu, Others Scout at Shuffle Select 2017

first_imgOdeyinka explained that the program aimed at selecting players who ages range from 14 to 17 years for study in the United Kingdom where they would also play football as well as be exposed to standard facility,“The most outstanding player during the selection will be awarded 100 per cent two-year A-level scholarship and access to playing football in the UK , while the other five players would be on 50 per cent scholarship,” the organiser said.The Brooke House College, which was introduced in 2008, had garnered over 60 players, aged 13 to 19 from all ethnic backgrounds, 12 of who have since progressed to playing professional football. The Academy, which also has U-14, U-16, U-18 and U-19 teams, plays in the Central Conference League, Junior Premier League and Cup Competitions, in addition to ISFA, ESFA camp and County cups.“Participants will be exposed to various training and competitive games under UEFA licensed coaches who would help them to harness their football skills onward playing in clubs like Manchester United, Manchester United, Arsenal and others,” Odeyinka further said.The academy has graduated players who include Nigeria’s Chigozie Mbah to the professional cadre and have gone on to ply theit trade in clubs and national teams around the world.The organiser said players must possess O’level or secondary school transcript to be eligible to participate in the exercise.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Former Nigeria international, Joseph Dosu, will be among scouts at the Shuffle Select 2017 talent hunt billed for June 19 to 22 at the Agege Stadium, Lagos.Others are a UK-based scouting agency ISTVAN and former player and agent, Ibrahim Odeyinka who is also the organiser.The four-day event, organised by Thotsplay Concepts in conjunction with Brooke House College, England will hold from 7am on each day.last_img read more

Black Stars to train at the De Kuip Stadium in Rotterdam today ahead of Holland friendly

first_imgGhana will train on the De Kuip Arena in Rotterdam today (Friday) ahead of their friendly against the Dutch national team on Saturday.The Black Stars have for the past five days been training in Arnhem with a provisional 26-man squad.Ghana coach Kwesi Appiah will use the pre-World Cup friendly to pick his final 23-man squad for the tournament in Brazil.The 2010 World Cup quarter-finalists will leave the Netherlands for the United States on Sunday to continue with their preparations for the World Cup.The team will wrap up their preparations with a friendly play South Korea on 9 June.Ghana open their World Cup campaign against USA before playing Germanyand Portugal.last_img read more