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Developers move away from units and apartments in the Sunshine State

first_imgCOOLING OFF: The number of apartments in the planning phase has crashed across Queensland.THE total value of apartment and unit constructions across Queensland in the planning phase has dropped to less than a third of what they were one year ago.Data from CoreLogic’s Cordell Construction Monthly show that although the construction sector has grown, the number of new apartments and units in the planning phase had declined.Across the state there were 52 apartment and unit developments in the new project phase with a combined construction value of $450 million last month, compared to 76 projects with a construction value of $1.5 billion just a year before.Commercial research analyst at CoreLogic Eliza Owen said it was no surprise that planned projects had appeared to cool down.“The new project phase is very responsive to market conditions,” Ms Owen said.She said changes in the market like increased scrutiny on risky lending from the Australian Prudential Regulatory Authority could have had a big impact.“I think developer activity is responding to perceived risk,” she said.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours ago“If they are expecting certain investor loans to decline then they are less likely to develop the same amount of apartments.”14 Of the 52 Queensland apartment and unit projects currently in the new project phase were in Brisbane and four were in Logan.Apartment and unit investors have had a tough 12 months across Brisbane, with values stagnant or even dropping in many inner city neighbourhoods.Although planned construction of new apartments appears to be cooling in Queensland there was still a lot of new construction projects planned across Australia.The total number of new projects recorded by CoreLogic across Australia over March was 1707, a jump of four per cent in just a month.Civil engineering made up 35 per cent of these planned projects, and apartment and units accounted for 27 per cent.last_img read more

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Tigers Slay Knights

first_img House fire in Winter Harbor – October 27, 2014 admin State budget vs. job creation – January 22, 2015 Latest posts by admin (see all) Hancock County Court News Nov. 3 thorugh Dec. 11 – January 22, 2015 HARRINGTON — Righthanders Tashia Daley and Lona Sargent combined to pitch a one-hitter as the Tigers downed the Narraguagus Knights 12-0 in five innings Monday.Sargent doubled and singled twice, Katelyn Hodgkins doubled and singled and Morgan Whitten had a pair of singles for the Tigers. For more sports stories, pick up a copy of The Ellsworth American. Bio Latest Posts This is placeholder textThis is placeholder textlast_img read more

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Tipp lose out to Limerick in thrilling U21 clash

first_imgLimerick will play Cork in next week’s semi finals while Kerry saw off a spirited Clare display to win 1-17 to 2-8 in Tralee, and its Waterford next for Jack O’Connor’s side. Declan Browne sides were leading in the dying seconds before the full time whistle when the Shannonsiders equalised ten points a piece.Tipp had two players red-carded in normal time and lost two more, including influential midfielder Jack Kennedy, to black cards in extra-time- which was a turning point in the game and Limerick came back from 3 points down to beat the Premier 0-16 to 0-14.Speaking to Tipp FM’s Stephen Gleeson after the game Tipp Selector Andrew Lacey said the boys gave everything and died on their feetlast_img read more

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Delight as Donegal Commercial Vehicles Ltd appointed main aftersales dealers for Mercedes Benz

first_imgDonegal Commercial Vehicles Ltd has been appointed main aftersales dealers For Mercedes Benz light and heavy commercial vehicles.Their appointment extends to 14 of the number of Mercedes Benz aftersales commercial vehicles dealers nationwide.Their recent appointment was announced by Motor Distributors Limited who are distributors in Ireland for Mercedes Benz passenger cars and commercial vehicles. Donegal Commercial Vehicles Ltd have a large stock a large selection of used buses and commercial vehicles such as vans and lorries and care for all commercial vehicle needs from complete fleet maintenance, CVRT pre-testing, services packages and 24 hour breakdowns.Not only has Donegal Commercial Vehicles Ltd been appointed main aftersales dealers for Mercedes Benz light and heavy commercial vehicles, they also are thrilled to announce that they have been appointed as the first and only Turas Agents within the North West of Ireland.Following their success at their recent launch day where they hosted to over 100 bus companies, Donegal Commercial Vehicles have grown from strength to strength and would like to thank their customers, family and friends for the continuous support. 2018 is sure set to look like a big year for Donegal Commercial Vehicles.  Donegal Commercial Vehicles Ltd is located in Drumkeen and can be contacted on (074) 913 4812 or drop them a line at [email protected] You can also check out their Facebook page!Delight as Donegal Commercial Vehicles Ltd appointed main aftersales dealers for Mercedes Benz was last modified: December 8th, 2017 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegal commercial vehiclesmercedes benzlast_img read more

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