Eight Mile Plains home sells under hammer for $1.088m

September 28, 2020

first_imgThe home at 31 Ellendale Cct, Eight Mile Plains, sold for $1,088,000.NINE registered bidders fought it out for this Eight Mile Plains home at an auction last month.Ray White Eight Mile Plains estate agent Lachlan Smith said the 31 Ellendale Circuit home sold under the hammer for $1,088,000. Inside 31 Ellendale Cct, Eight Mile Plains.The home has five bedrooms and three bathrooms across two levels.The agent said the sale was “a great result” and said the market in Eight Mile Plains was still performing strongly.“It’s still a strong market,” Mr Smith said.“The selling time may have gotten a little longer but Eight Mile Plains is always a very multicultural and sought-after area.”According to CoreLogic data the median house sale price for Eight Mile Plains is $780,000.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 7:28Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -7:28 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, 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 Rate1xFullscreenPrestige property with Liz Tilley07:29 The rooms in the home are large.Mr Smith said more than 70 groups of people inspected the home in the weeks leading up to the auction, with three people making offers before the day.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019The new owners are a family with young children. “It’s a really well-presented home in a great estate,” Mr Smith said.“It’s a very modern home with four or so living spaces so it is going to provide plenty of space as the family grows.”last_img read more

It takes 3 years for Cairns residents to save for a home

September 28, 2020

first_imgFinder.com.au spokeswoman Bessie HassanCAIRNS home buyers take about two years’ less to save for a home deposit than in other areas of the state such as Noosa and the Gold Coast.Saving a deposit in southern regional centres can still take first home buyers up to five years, but in Cairns, aspiring investors can be in their own home within 3.3 years.According to money expert, Bessie Hassan of finder.com.au, who has crunched the numbers using average income and median house prices, those who decide their first home will be in Noosa will be saving for on average 5.8 years to get a 20 per cent deposit together.The Gold Coast, 4.9 years, and the Sunshine Coast, 4.8 years, were not far behind.Ms Hassan said those coastal markets were highly populated tourists areas so it was not surprising that they had a higher property price tag and therefore a longer deposit-saving time compared to other precincts within regional Queensland.The research revealed home buyers who can get in the market the quickest where those buying in the Central Highlands, Mackay and Townsville.Ms Hassan said the quicker time to save a deposit was largely due to the lower average house prices in these regions.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“If you’re saving for a deposit, check out local property prices in the area and work out what you’ll need for a deposit. Remember, you should aim for at least a 20 per cent deposit so you can avoid paying mortgage insurance,’’ she said.Ms Hassan said one of the quickest ways to cut spending and increase savings was cutting “luxury items’’ such as food delivery services or travel.“Parking your funds in a high-interest savings account or a term deposit may also help you maximise your return and fast-track your way into the property market,’’ she said.She advised potential first time buyers to run an audit on their financial accounts to see if they could be paying less fess or interest as a way of finding more savings.National data from the Australian Bureau of Statistics showed that the number of finance approvals for first home buyers was now at its highest level in eight years.In Queensland, the number of finance approvals increased by almost 10 per cent.REA Group chief economist Nerida Conisbee said while the number of finance approvals for investors and upgraders had dropped, first home buyers were bucking the trend.“We are now seeing the highest level of first home buyers since 2010,” she said.last_img read more

Australia’s residential vacancy rate tightest it has been in years

September 28, 2020

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:09Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:09 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p360p360p216p216pAutoA, 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 Rate1xFullscreenWhy rental affordability is a problem02:09Brisbane has seen its vacancy rate fall while Sydney is treading water with over 19,000 homes vacant.The national vacancy rate has dropped to its lowest level in just over four and a half years, with it now harder to find a home to rent in Brisbane than Sydney – though nowhere near as shocking as Hobart.Nationally the rate hit 2 per cent with 67,350 properties vacant across the capitals — of which Sydney alone now makes up 28 per cent.There were just over 9,000 homes up for rent in Brisbane in October, with its vacancy rates shrinking 0.2 percentage points to 2.7 per cent in the month.That was 0.1 percentage point tighter than Sydney at the moment (2.8 per cent), where there were now over 19,400 homes sitting vacant — the highest the city has been in 13 years according to the latest SQM Research vacancy report.Last year — when the two cities made up a third of all vacancies — the gap between the East Coast pair was just 1,721, but that’s busted out to over 10,300 more vacancies in the NSW capital over Brisbane.MORE:Zero tolerance in ‘Schoolie-proof’ zonesBrisbane housing market ‘back on the map’The true shocker in the data though was the situation that continues to face Hobartian renters dealing with just 78 properties vacant in October — the tightest vacancy rate in the country of just 0.3 per cent.Only Canberra came close to that (0.6 per cent), while Adelaide was sitting on 1.1 per cent vacancy rate, Melbourne 1.6 per cent. Perth was also seeing significant tightening to (3.3 per cent), though it had come off a relatively high rate compared to October 2017 (4.4 per cent). The highest vacancy rate was out of Darwin (3.8 per cent) where there were 1,170 properties up for rent last month.SQM Research managing director Louis Christopher said the falls across many smaller cities drove the national vacancy rate down despite Sydney busting out by a full percentage point compared to the same time last year.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago“In Hobart, there is a severe shortage of rental accommodation with just 78 properties available to rent, and rents are rising quickly, with no slowdown in sight.“In Canberra too, where many renters live, there are just 387 rental properties available, putting upward pressure on rents. Melbourne’s vacancy rate has remained at low levelsover the year. In contrast, we are seeing a surplus of rental properties in Sydney andrental costs are falling, a trend we expect to continue into 2019.”Brisbane (9,024) now also has less rental properties available than Melbourne (9,320).The SQM Research weekly rents index saw both houses and units fall in Sydney (-2.6 per cent) and Darwin (-8.4 per cent) over the year to October.SQM calculates vacancies “based on online rental listings that have been advertised for three weeks or more compared to the total number of established rental properties”.FOLLOW SOPHIE FOSTER ON TWITTERlast_img read more

Home libraries bound to impress book lovers

September 28, 2020

first_imgThe library at 66 Elimatta Drive, Ashgrove.If your idea of heaven is a private sanctuary with comfy couches and shelves full of books, these home libraries may just tempt you into a property purchase. In Paddington you can live out your bibliophile fantasies with a spacious library complete with fireplace, timber floors, ornate ceiling and built-in shelves. The library at 79 Norman Cres, Norman Park.The property also boasts timber floors, a secret garden, a wine cellar, an entertaining area with outdoor kitchen and a pergola. But bookworms will find it hard to leave the open library with built-in cabinetry, bench seating and stacker doors opening the whole area up to the private upstairs deck. In winter you can soak up the sun through the wall of windows and in summer you can lounge on the deck with a volume selected from your own library. The property is on the market through Dimity Germon of Glenlyon Property Group for $2.5 million. The home at 175 Fernberg Rd, Paddington.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoThe property is on the market through Tim Douglas of Place Paddington.In Ashgrove there is a 1890s character home with seven bedrooms, multiple living spaces and an impressive outdoor entertaining deck. But most importantly there is a library with its own private balcony. The home at 66 Elimatta Drive, Ashgrove.Situated in the master suite wing, the library features a high ceilings, VJ walls, built-in book shelves and french doors.The home at 66 Elimatta Drive is selling through Richard Hain of Coronis Stafford. If you prefer something a little more open and light-filled, take a peek at the library at 79 Norman Crescent, Norman Park.The 1920s cottage has been beautifully restored and has been featured in some of Australia’s premier lifestyle magazines. The four-bedroom home has open-plan living and an oversized kitchen with huge windows taking in district views. The library at 175 Fernberg Rd, PaddingtonWhere else would you want to be on a winter’s night but curled up in front of a fire with a good book and warm drink? This literary haven is in a classic home, at 175 Fernberg Rd, built in the 1860s on an elevated 1634sq m block with city views. In addition to the library, the property also includes a grand staircase, a drawing room, deep verandas, four more fireplaces and a sunroom. last_img read more

RBA’s record interest rate cuts have buyers buzzing in Townsville

September 28, 2020

first_imgWayne Nicholson, REIQ Townsville zone Chairman. Picture: Shae Beplate.THE Reserve Bank of Australia’s highly anticipated announcement of a historic interest rate cut has the Townsville property market buzzing.The cash rate, which was cut by 25 basis points to 1.25 per cent, has not been as low since it was first regulated in 1990. Federal Treasurer Josh Frydenberg speaks to the media during a press conference in Melbourne, Tuesday, June 4, 2019. The Treasurer is calling on all banks to pass on the full interest rate cut handed down by the RBA. (AAP Image/Stefan Postles)Reserve Bank governor Philip Lowe said the board had taken its decision to “support employment growth and provide greater confidence that inflation will be consistent with the medium-term target”. Townsville’s Phillip Lincoln, who is planning to buy his first home with his wife at Haven in Townsville, said the cut would help them secure finance. “This cut is definitely going to make financing it easier for us,” Mr Lincoln said.“Buying has been something we’ve been wanting to do for a long time but it just felt unachievable, and I think it is for a lot of people.” 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 2020Sales co-ordinator at Ellis Developments Meredith Sweeney said the recent election and policy changes had already stirred up the market. “Seventy-five per cent of our clients are first-time buyers and our pipeline is approximately double of what it normally is,” Ms Sweeney said. “The confidence from the election combined with these positive government programs have our phones and emails going off.” READ MORE: Homeowners can take action on RBA cut Best ‘burbs for bargain s “It’s just another piece in the buyer confidence puzzle,” Mr Keyes said.“The cut on interest rates is going to stimulate buyers, and this coming off the back of an election will be a huge catalyst in driving values up in the property market. “I think it might stir up some activity at the high end of the market as well. In cases where people have been thinking of upgrading, it will give them that push to do it.” center_img ScoMo boosts buyer mojo in TownsvilleREIQ Townsville zone chairman Wayne Nicholson said the cut was also a great incentive for investors to get back into the market. “It will allow anyone thinking about getting into the market a great opportunity to do that,” Mr Nicholson said. “It’s great for first time buyers, and hopefully it will bring investors into play with prices down, interest rates low, and rents at a reasonable price.”Principal at Keyes & Co Real Estate and regional director at REIQ Damien Keyes said the cut was also likely to boost the higher end of the property market. MORE IN REAL ESTATE NEWS Treasurer Josh Frydenberg said it was a “legitimate expectation” that banks would pass on all of the rate cut. “The combination of the tax cuts and today’s RBA decision could see a two-income family, for example a teacher and a tradie, each earning $60,000 a year, with a $400,000 mortgage, almost $3000 a year better off as a household,” Mr Frydenberg said. last_img read more

Renovated Gold Coast house offers tranquil escape

September 28, 2020

first_img MORE NEWS: A pool that’s good for your health? Yes please! The outdoor areas are perfect for both entertaining and enjoying a book in the sun. 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 It’s brighter and much more open after the renovation. The renovation took about six months with nothing left untouched. MORE NEWS: ‘Showpiece’ trophy home sells in multimillion-dollar deal Manicured gardens offer a picturesque backdrop.Taking centre stage is the kitchen with a luxuriously large mint green, stone-topped island bench, subway feature tiles and a butler’s pantry. It is also connected to the laundry which provides a spot to hide the mess when guests are over. There is a living area either side of the kitchen — one is a cosy, chalet style with a gas fireplace and a view of the backyard’s waterfall, the other a more casual zone with a fireplace. A sunroom will make entertaining a breeze thanks to its outdoor kitchen with a barbecue and wood-fired oven. The main bedroom features a dressing room and ensuite, and two additional bedrooms are on the ground floor.Upstairs a second loft-style bedroom occupies the whole floor and offers an ensuite, balcony and study area. The family are selling to move onto their next project. “It’s going to be sad to leave this house — you wont find something like this again, but it’s time to move on and see what else I can create,” Ms Hodder said. Alex and Brian Phillis, of Alex Phillis Real Estate, are marketing the property with a price range between $2.5 million and $2.7 million. “When we bought it, it was very overgrown, it was like a jungle when you walked in,” Ms Hodder said. More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“You couldn’t see the ponds, you couldn’t see the waterfalls. “Everything inside was dark and dingy with walls everywhere and little rooms.” Ms Hodder said most of the renovation was done “on the fly” but there was always the aim of making it light, bright, pretty and calm. “We wanted to turn it into a Queenslander because it was a bit more federation style inside, so it was a real disappointment,” she said. “There was no connection between the outside of the house which was quite lovely, although it was a yellow colour, and the inside.“Now, it’s just glorious, beautiful and easy to live in. It makes us happy, we just love living here.” The internal renovation took about six months with nothing left untouched. The result was an open-plan design where each room flows effortlessly onto the next and all make the most of the property’s impressive gardens. High ceilings, full-length windows and glass doors ensure an abundance of light streams inside and maximise the garden vistas. Guests feel welcomed and relaxed from the moment they walk through the front gate. A renovation has breathed new life into the property at 4665 The Parkway, Hope Island.AN overwhelming sense of calmness and tranquillity is experienced the moment you step through the entry gate and over the foot bridge of this Sanctuary Cove house. The immaculately presented property, which has had new life breathed into it, will make you stop and say ‘wow’ at every turn. Before Leanne and Brenton Hodder worked their magic on the house it was tired, dark and not suited to the laid-back yet lavish lifestyle the Gold Coast is known for. The couple, who live there with their daughter Tahlee, 8, made it their mission to create the ultimate Coast home. The open floorplan flows seamlessly to integrate indoors and outdoors.last_img read more

Broadbeach leads growth on the east coast

September 28, 2020

first_imgBroadbeach is booming. When it comes to median price growth, apartments in the burgeoning Gold Coast suburb are outperforming every capital city on the east coast. According to independent market analyst Urbis, Broadbeach achieved an impressive five-year growth rate of 5.4 per cent per annum, to the March 2019 quarter, overtaking all other major cities across the nation except for Hobart.Apartments in Broadbeach are outperforming every capital city on the east coast.In the same time period, Broadbeach apartments fetched prices that were on average 38.5 per cent higher than the overall Gold Coast median apartment price.The suburb also smashed another property record with 236 apartments sold in 2018 – the best sales result Broadbeach has achieved since 2013.Ongoing investment in the areaUrbis director Matthew Schneider said Broadbeach was benefitting from its position in the heart of the Gold Coast and was “in its prime”, with $9.7 billion worth of infrastructure projects in the pipeline, underway or recently completed.Broadbeach is benefitting from extensive investment into infrastructure for the area.These include the completion of the first two stages of the $2.3 billion light rail project and a $709 million future stage that will allow passengers to travel from Broadbeach.There has also been a $670 million revamp of Pacific Fair Shopping Centre; as well as The Star Entertainment Group and its consortium partners – Far East Consortium and Chow Tai Fook Enterprises –proposing a further $2 billion-plus masterplan for development at The Star Gold Coast, located on the exclusive Broadbeach Island.“Prospective property purchasers are no doubt attracted to the enviable lifestyle and value on offer, but they also have their eye on the suburb’s consistent track record and future growth,” Schneider said.Developer fast-tracks residential sales on second mixed-use tower to meet strong demandAlong with its consortium partners, The Star Entertainment Group has begun building the first mixed-use tower at The Star Gold Coast, which is on track for completion in 2022.This $400 million, 53-storey tower will herald the entry to Australia of the internationally-acclaimed Dorsett Hotel brand – a 4.5-star hotel with 316 hotel rooms, as well as 423 one and two-bedroom apartments under ‘The Star Residences Gold Coast’ brand.Demand was so high for apartments in the first tower, 92 per cent of them were sold within 19 months. As a result, the consortium has fast-tracked the sales launch of the apartments in its second mixed-use tower.Pending sales, Far East Consortium national sales and marketing manager Lauren Sheldon said construction on this $500 million 63-storey tower could start next year. It will feature 457 residential apartments and 210 five-star hotel rooms plus a vast array of world-class amenities.The apartments in the second mixed-use tower have been designed to maximise views and coastal breezes.Broadening its appeal to potential buyers, the second mixed-use tower’s one-bedroom apartments, ranging in size from 55sqm to 64sqm, will be priced from $489,000. This is significantly less than the average apartment price in other cities on the east coast, with Sydney’s median apartment price sitting at $680,000.The two-bedroom apartments, ranging from 71sqm to 106sqm, start at $692,000, and three-bedroom offerings ranging in size from 112sqm to 168sqm are priced from $1.295 million. All apartments feature expansive glass and have been designed to maximise views and coastal breezes.World-class amenitiesMrs Sheldon said the high-end mixed-use tower will boast an exclusive two-level resident-only recreation deck featuring private cabanas, sundecks, a yoga deck, lap pool, and barbeque area as well as a sauna, steam room, space for a kid’s club, a gym and private dining rooms.The Star Gold Coast will offer world class amenities for its residents.A six-level podium, featuring an active retail concourse for residents and visitors, will connect to The Star Gold Coast and has been designed to create a world-class experience.Other amenities to be seamlessly integrated into The Star Gold Coast include alfresco dining areas, a luxurious day spa and wellness centre, subtropical gardens and function lawns.In a first for the Gold Coast, potential buyers can view a fully immersive $2 million display suite that is an exact replica of one of the apartments. It is positioned on level 7 of The Darling at The Star Gold Coast, located at 1 Casino Drive in Broadbeach, and is open daily from 9am-5pm.Pending sales, construction is expected to commence on The Star Gold Coast’s second mixed-use tower next year.With a limited number of these highly sought-after Broadbeach apartments being released, now is the time to register your interest.All renders supplied by The Star Residences.last_img read more

Family entertainer walking distance to the beach

September 28, 2020

first_imgThe home at 17 Mein St, Scarborough. Picture: supplied.This big family home is on two elevated lots within walking distance of Queens Beach. Owners Scott and Shelly Morcombe had the Planation Homes property built at 17 Mein St, Scarborough in 2007 to make the most of the elevated 1,068sq m block and sea breezes. “I love the space, the light and the breezes that (come) through. We get beautiful sea breezes all summer,” Ms Morcombe said. There is a swimming pool in the big backyard. Picture: supplied.“And because of big windows and how we placed the gardens, it feels like the gardens are inside.“I also love the size of the yard. The kids never went to the park because we had one in our yard.”Downstairs the home has an open-plan living, dining and kitchen area with stacker doors opening to an entertaining area. There is also a rumpus room, lounge room, guest room, powder room and laundry on this level. Upstairs, the master bedroom has a walk-in wardrobe, balcony access and ensuite with double spa bath, shower and dual basins. The open-plan living, dining and kitchen area opens to the outdoor entertaining space. Picture: supplied.The remaining three bedrooms have built-in wardrobes and there is a family bathroom, separate toilet and a TV area opening to the upstairs balcony. Outside there is an inground swimming pool, with spa and water feature, established gardens and side access with concreted space for the boat or trailer. Ms Morcombe said she and her husband were selling to downsize but they would miss how easy it was to entertain in their big family home. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019 One of the living spaces at 17 Mein Street, Scarborough. Picture: supplied.“I’ll miss the parties and big Christmas dinners,” she said. “We could have 27 for a sit down dinner and the kitchen is so big it coped beautifully.” Ms Morcome said the home would suit a big family wanting a home in a “beautiful, quiet, welcoming” community.“Everything is handy. You can walk to the schools and the beach is just a wander away,” she said. The property is being marketed by Stephan Siegfried of One Agency.last_img read more

India’s LNG imports decline in June

September 28, 2020

first_imgLNG World News Staff Image courtesy of Hazira LNGIndia’s imports of liquefied natural gas (LNG) dropped almost 10 percent in June on a yearly basis, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).India imported 1.76 billion cubic meters of LNG or about 1.32 million mt last month. The costs of these imports were at $0.5 billion, the PPAC data shows.The country’s LNG imports fell for the second straight month after posting a decline of 9.6 percent in May.On the other side, domestic natural gas production continued to rise in June. India’s natural gas production increased slightly more than 6 percent to 2.75 Bcm, PPAC said.India has boosted its use of the chilled fuel since the beginning of last year on the back of lower prices after the country’s largest importer, Petronet LNG signed a revised long-term contract with Qatari LNG producer RasGas.The country’s appetite for LNG is expected to surge over the coming years driven by the demand in the gas-to-power sector and a push by the government to increase the usage of gas in the country’s overall energy mix.India currently imports LNG via Petronet’s Dahej and Kochi LNG terminals, Shell’s Hazira plant, and the Dabhol terminal operated by Ratnagiri Gas and Power.last_img read more

Otsego to Host EPA PCBs Meeting Next Week

September 28, 2020

first_imgThe U.S. Environmental Protection Agency will hold a public meeting in Otsego, MI, to discuss its proposed plan to clean up PCBs and other contaminants in the stretch of the Kalamazoo River between the Otsego City Dam and the former Plainwell Dam.The area is also known as Area 2 of the Allied Paper/Portage Creek/Kalamazoo River Superfund site.EPA’s proposal includes capping, bank excavation, floodplain soil excavation, Gun River excavation, and river channel realignment.The Agency will review public comments before making a final decision on the cleanup.EPA will present details of the proposed plan and accept oral and written comments at the public meeting set for Tuesday, July 25, from 6-8 p.m. in Otsego.[mappress mapid=”24294″]last_img read more