Kingscliff house pushes the boundaries in property design

first_imgThe loft-style main bedroom with spa ensuite and balcony as well as the 12-car basement garage are serviced by an Italian-designed lift, which Mrs Witheriff described as “glitzy”.“(The basement) has even got a mechanical pit for servicing of vehicles,” she said.“There’s also a total roof deck which has got amazing views over the suburb and Hinterland.”The onsite auction will be held on Wednesday, November 7.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, 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 location is everything in real estate01:59 Make a splash in the pool. The extravagant design makes it one of the most prominent homes in the Salt Village precinct.LJ Hooker Kingscliff agents Brett Swales and Carol Witheriff are marketing the property, which will be auctioned next month.Mrs Witheriff said an interstate businessman bought the property in 2010 as a holiday home for his extended family. However, they no longer use it as often.Given the house’s opulent design and lavish features, Mrs Witheriff said it would be snapped up quickly.More from news02:37International architect Desmond Brooks selling luxury beach villa14 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago No expense has been spared in the design. More news: North v South — where’s the best place to live on the Gold Coast? 1 Cactus Court, Kingscliff is a sight to behold.IT’S the type of home that makes jaws drop.With towering windows, a spiral staircase leading up to a rooftop deck and a street-facing infinity edged pool, this Kingscliff property commands attention. “It’s been completely updated and renovated over the last three to four months,” she said.“We opened it for the first time last Saturday and had 12 lots of people through.”The four-storey house is on a 976sq m corner block and has four bedrooms, four bathrooms, a tiered theatre room, outdoor entertainment area and five water features. More news: Mansion stunning at every turn Relax poolside. Entertain in style. From the front. Inside the property.last_img read more

LJ Hooker Cairns Edge Hill lists Brinsmead home with granny flat

first_imgThe kitchen“We entertain and sit out there most nights before we head to bed. It is a very relaxing and quiet suburb.“The neighbours are enduring friends, and not too many people in the street move. We’re downsizing and having a treechange and moving to the Tablelands to enjoy our retirement.”With three children to raise, the owners constructed the home to provide some privacy for young adults.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoA bedroom downstairs comes with its own toilet and kitchenette and gave the kids “a point to leap from into their own lives”. Relax while looking out to the pool“The house lends itself to people who might have an elderly parent or older teenagers who are staying at home because of the cost of living. It give them the ability to live their own lives, or others who want to host Airbnb guests,” the owner said.The home has been recently repainted inside and out, and over the years, renovations of the bathrooms, ensuite and kitchen have helped the property remain fresh and attractive.A stone benchtop and soft-close drawers have also been installed in the kitchen.Access to back of the property is provided along what used to be a fire break for the cane fields and sitting up high on the hillside, the home always receives cool breezes during the height of summer. The yardOpen plan, the practical layout and multiple internal living zones ensures easy living, according to agent Kim Ryan from LJ Hooker Cairns Edge Hill.“The vast timber deck is the ideal spot to entertain with easy access to the downstairs section where you can relax poolside all year round and soak in the leafy surrounds,” she said.“Banks of louvres give ample natural light and cross-ventilation and there is internal access to the main garage. There is side vehicle access to a separate workshop area and plenty of off-street parking.”Ms Ryan said the home was close to Redlynch Central Shopping Centre, local shops, St Andrews Catholic College and Freshwater Christian College and within the catchment areas for Freshwater State School and Redlynch State College.Offers will be considered prior to auction.The home goes to auction on Saturday at 12pm. The deck at 21 Feeley Cl, BrinsmeadThe upfront cost of investing in solar power cannot compete with the immediate savings already built-in.The owners bought the land in 1989, drawn to Brinsmead for its safety, peace and protection from cyclones.Building began in 1990 and it the balcony which is by far the star of the immaculate home.“The balcony is probably where we spend the most of our time,” the owners said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:06Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:06 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p270p270p180p180pAutoA, 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 Rate1xFullscreenHouse prices: Australia’s property market facing longest downturn in decades01:07BUILT in the early 1990s, 21 Feeley Cl, Brinsmead was ahead of its time.The five-bedroom, four-bathroom home on 1037sq m tucked in behind Mt Whitfield is wired to take advantage of off-peak power providing an economical investment for a savvy buyer.The house was fitted with a 400L hot water system using tariff 31 electricity and wired so the pool, dishwasher and laundry use tariff 33 power.last_img read more

Darren Palmer on 2019 interior design trends

first_imgCelebrity designer Darren Palmer is pumped about 2019.Celebrity designer and judge for TV show The Block Darren Palmer reveals the hottest colour for 2019 and other design trends for the year coming up. When you think of coral, images of island time and snorkelling on the Great Barrier Reef likely conjure in your mind. RELATED: Palmer said there would always be a place for wall papers in florals, botanicals and palms and green would continue to be everywhere you look.“If you are fortunate enough to live near nature, green is everywhere and has so many variations, from apple and lime to eucalypt, sage, avocado and olive,” he said.“For the G.J. Gardner Tailored Collection I designed recently, I used Laminex Possum on the kitchen and bathroom cupboards in one of the house designs.“It’s a brand new eucalypt colour from Laminex and a great celebration of what’s great about Australian nature and how green is so dominant within it.” Aussies go bloomin’ mad for botanicals Darren Palmer says The Calile Hotel is a perfect example of the trends and colours to expect in 2019. IMAGE: Sean Fennessy“It has been paired with beige neutrals, travertine and brass and that is a good indication of the type of colour trend for 2019,” Palmer said.“We will also probably see saturated, mid toned primary and secondary colours in a 2019 way that are an evolution or reinterpretation of the Memphis period. MORE: The Calile Hotel has paired the colour with beige neutrals, travertine and brass, which is a good indication of what to expect in 2019. IMAGE: Sean Fennessy“Memphis is a design movement that began in 1981 in Milan, Italy, by designer Ettore Sottsass.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“Everything 80s and 90s is being reinvigorated with a blend of our contemporary aesthetic so be prepared to see things that would have made you cringe appear in new and innovative ways that are aesthetically pleasing.” >>FOLLOW EMILY BLACK ON FACEBOOK<< Boom makes it Queensland’s Year of the Renocenter_img Whitaker’s green over — hit or miss? That’s along the lines of what Pantone would like you to envisage when thinking about their Colour of the Year for 2019 as being Living Coral, which they say is an “animating and life-affirming shade of orange with a golden undertone”.Pantone Color (sic) Institute executive director Leatrice Eiseman said in reaction to the onslaught of digital technology and social media increasingly embedding into daily life, they sought authentic and immersive experiences enabling connection and intimacy.“Colour is an equalising lens through which we experience our natural and digital realities and this is particularly true for Living Coral,” Ms Eiseman said.“With consumers craving human interaction and social connection, the humanising and heartening qualities displayed by the convivial Pantone Living Coral hit a responsive chord.” Pantone, provider of professional colour standards and digital solutions for the design industry, announced PANTONE 16-1546 Living Coral as the Pantone Colour of the Year 2019.Design guru and The Block judge Darren Palmer couldn’t agree more, and said interior trends for 2019 were about getting back to nature.Palmer said coral was used everywhere in Brisbane’s newest trendsetting hotel, Calile, in Fortitude Valley. For the G.J. Gardner Tailored Collection Darren Palmer designed, he used Laminex Possum on the kitchen cupboards. It’s a brand new eucalypt colour from Laminex and a great celebration of what’s great about Australian nature and how green is so dominant within it.“Or if you’re really afraid of colour, think about buying some cost-effective soft furnishings and decor items that add a splash of colour — these are easily replaceable as trends shift or you decide you want a change.”He said demand for custom designed furniture would continue to surge in 2019 as people wanted items that reflected their lifestyle. One of Darren Palmer’s latest designs which will be on trend in 2019 — Surge gold quilt and palm leaves wallpaper.He said there were no hard and fast rules regarding the application of colour.“But the one important thing to get your head around is the difference between dominant and recessive colours,” he said.“Dominant colours like green, yellow and red will feel like they’re jumping forward, while recessive colours like purple and blue will feel like they’re going back.“Pairing dominant and recessive colours can be used to create focal points in a room, create an illusion of depth and space, or draw attention to statement pieces.”Palmer said in the past people painted feature walls in a dominant colour to add drama to a room — but feature walls were about 10 years out of date. “Painting doors or picture rail is a much more effective way to add a splash of colour and to separate spaces,” he said. “It’s a reaction to the mass produced furniture that has the same-same look,” he said.“People are looking for an artisan, handmade, bespoke response to furnishings.“While the major furnishers do their job well, there is increasingly a place for Australian handmade furniture and craftsmanship within a home alongside some of the more commoditised and popular retailer branded furniture.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:53Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:53 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p216p216pAutoA, 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 Rate1xFullscreenThe top 5 Love It or List It makeovers from season 100:54last_img read more

Hamilton restaurateurs sell renovated Nundah house

first_imgThis house at 5 Flower St, Nundah is for sale now with offers over $990,000 invited.IN THREE years, Rachel and Cosimo Carvignese bought, lived in, rented and renovated 5 Flower St, Nundah. Now they are hoping to squeeze in a sale as well. MORE REAL ESTATE STORIES Place Ascot have listed the house for sale and it’s open for inspection this weekend.The driveway has been concreted and plantation shutters added throughout.“That has made a big difference to the appearance of the house,” Mrs Carvignese said.“We installed outdoor awnings in the garden room and enclosed it in Crimsafe.“So we did quite a bit even though we didn’t have to, we just wanted to bring it up to our standard.”The layout has living areas on the ground level and the five bedrooms on the first floor with a covered deck.A lift on the deck services both levels.“That was there when we bought it and it really opens the property up to people who don’t want to use the stairs.” The couple, who own Belvedere Bar and Grill in Hamilton, are currently living in Northgate but have loved the parkland and leafy streets around their Nundah property.“You don’t feel like you’re in a concrete jungle,” she said.“And there are lots of properties here that are old Queenslanders being raised and redeveloped.”More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoBuilt in 2004, 5 Flower St, has been renovated to include ducted airconditioning and new ceiling fans.The bathrooms have been remodelled with new shower screens and vanities.Kitchen cupboards have new doors and there is a filtered water tap. A full renovation has opened the house.“We were going to stay there, but my husband does love buying property and renovating and moving on, but usually not in such a short space of time,” Mrs Carvignese said. >>>FOLLOW THE COURIER-MAIL<<<last_img read more

‘Australia’s most baffling phenomenon’ is still for sale

first_imgInside the house at Mystery CratersMr Chung said there had been a real tourism push in the Bundaberg region and the property offered a good opportunity due to its unique offering and the three bedroom Queenslander that “is getting a really good return”.“Personally, I think it is good value,” he said. “The Mystery Craters are unique and people are still baffled by them (the cause).”The website for Mystery Craters says the 35 unusually shaped craters were discovered by a previous owner while ploughing the field to plant zucchinis. They are believed to be about 25 million years old and are a mixture of sandstone and ochre, with some of the craters holding water and other rising and falling over time, according to the website. Why everyone is moving to Queensland The entrance to Mystery CratersIt comes with a three bedroom Queenslander-style house, but it is the craters that add some wow factor to the property. The Fairy DellA public viewing platform was erected so that visitors could get a birds eye view of the craters while listening to an automated guide.A fairy garden, or rather Fairy Dell, is another feature of the property, as is The Shed, which houses a collection of over 300 pieces of antique machinery Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, 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 location is everything in real estate01:59Australia’s “most baffling phenomenon” is for sale, but the fact it also comes with a dinosaur and a fairy garden just adds to its intrigue. Mystery Craters, a quirky tourist attraction at South Kolan, which is between Bundaberg and Gin Gin, is on the market for $449,000 negotiable. MORE NEWS: Live on the edge of a volcano without the kaboom And the mystery craters from the viewing deckMore from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoEverything from UFOs to meteor showers, even sink holes, dinosaurs and hot springs, have been suggested but the mystery continues to baffle. center_img The property at 13-15 Lines Road, South Kolan“A natural phenomenon, there are plenty of theories as to how they were formed but the most important fact remains, that it is a popular local tourist attraction and has the potential for much more,” the listing says. And here are the “mystery craters”A news report said the mystery craters were discovered in 1971, with numerous theories as to what caused the phenomena. Check out this (safe) cracking property in rural Queensland But it is unlikely Alf, the alien from the cult TV show Alf, had anything to do with the mystery cratersAnd so far, a buyer for the unusual property remains just as elusive.Marketing agent Shane Chung of RealWay Property Consultants Bundaberg said the market for a suitable buyer was a small one.“It is a very small market for the type of buyer that we are chasing,” he said. “It’s 25 minutes outside of Bundaberg, unique but a bit dated, and it really needs someone with a creative mindset.“The owners are elderly and just want to downsize now so don’t have the energy or want to spend money on it now.“They do run the business for a bit of income but it needs someone now who can really push it.”last_img read more

Brisbane rents rising faster than other mainland capitals

first_img MORE: Top 10 suburbs predicted to boom James Bond-inspired home hits market Broncos chairman sells up in Brisbane Brisbane’s median rent ($435 a week) is lower than not just the combined capitals ($464) but also just below national level too ($436).Brisbane logged the highest rise in rents this past quarter of all mainland capitals, but there’s good news for renters -it’s still cheaper to live here than everywhere else on the East Coast. The latest CoreLogic September 2019 Quarterly Rental Review found Brisbane rents rose 0.3pc in the quarter, bucking a national trend downwards (-0.3pc) with the combined capitals result also going backwards (-0.5pc). Philanthropist’s Gold Coast mansion sold Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:06Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:06 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 Rate1xFullscreenHelp with buying your first home 01:07center_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:40Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:40 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 Rate1xFullscreenQuestions for Millennial home buyers01:41 “The quarterly national decline can be attributed to the decline in rental rates across five of the eight capital cities and slowing growth across the combined regional rental markets,” CoreLogic found.Sydney saw its quarterly change in rents come in at -1pc, while Melbourne (-0.3pc), Perth (-0.4pc), Darwin (0.2pc) and Canberra (-1.1pc) went backwards. Adelaide was the only other mainland capital to rise (0.2pc) while Hobart posted 0.6pc. Change in rents, CoreLogic Quarterly Rental Review, Sept 2019. Source: CoreLogicWhile investors would be heartened by the slow rise in Brisbane, renters don’t have too much to complain about either, with Brisbane’s median rent ($435 a week) sitting lower than not just the combined capitals ($464) but also just below national level too ($436).Median rent for all dwellings in Sydney was highest ($571 a week), Melbourne was on $457, while Canberra was second highest at $538.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThe report found that it was rents in the combined regional markets that were seeing higher rises now, posting a 0.3pc quarterly increase. The data also saw the quarterly auction clearance rate come in at its highest rate (69.9pc across 16,730 auctions) since the June 2017 quarter (71.7 per cent) nationally.CoreLogic head of research Tim Lawless said weekly auction clearance rates were also holding within the last seven weeks of the quarter at or above 70 per cent.“The lift in clearance rates highlights a better fit between buyer and seller pricing expectations and some urgency creeping back into the market as a larger pool of buyers compete for a smaller than usual number of homes for sale.” he said.“There is a strong likelihood that advertised stock levels and the number of scheduled auctions will progressively rise as spring progresses and vendor confidence lifts on healthier housing market conditions.” FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img read more

Helix Energy shuffles management team

first_imgOil and gas services company Helix Energy Solutions has announced changes to its executive management team, which became effective Monday, June 5. Helix said on Monday that the changes were consistent with the company’s long-standing succession plan.Namely, Erik Staffeldt, who has served as Helix’s VP of finance and accounting since July of 2015, was promoted to the position of Senior VP and chief financial officer (CFO).Tony Tripodo, Helix’s former Executive VP and CFO since June of 2008, will be transitioning to the position of Executive VP and senior advisor. In his new role, Tripodo will be responsible for assisting Owen Kratz, Helix’s president and CEO with the long-term business and financial strategy of the company.The former CFO will continue to remain involved in the company’s financial planning and assist with the orderly transition of his former responsibilities as a chief financial officer.Owen Kratz, president and CEO of Helix, said: “Erik has earned the confidence of the board and the executive management team and has demonstrated the ability to take on increasing responsibilities since joining Helix in 2009.“In addition, Tony’s demonstrated capabilities in managing the financial affairs of the company and his intimate knowledge of the business make him well suited for the new role we have asked him to perform.”last_img read more

OEEC 2018: Watch the exhibition trailer

first_imgFind out what Offshore Energy is all about in our latest exhibition trailer. Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.The three-day event on (22), 23 & 24 October 2018 includes an exhibition where an expected 600+ supply chain companies will showcase their products and services. Next to that, there is an accompanying conference that covers key topics and solutions for the offshore community.Last year Offshore Energy attracted 12,145 unique attendees representing 90 nationalities.Offshore Energy Exhibition & Conference will be held on 22, 23 and 24 October 2018 at the Amsterdam RAI. For more information on the event go to www.offshore-energy.biz.last_img read more

Teekay LNG swings to profit

first_imgTeekay LNG Partners, one of the world’s largest owners of LNG carriers, swung back to profit in the second quarter of 2018.The partnership reported a net income of $2.7 million for the quarter under review, compared to a net loss of $6.9 million in the first quarter of the year and a net loss of $16 million reported in the corresponding period in 2017.The adjusted net income dropped to $13.5 million from $22 million in the previous quarter and $17.8 million in the second quarter of 2017.The net income increase has been positively impacted by the deliveries of seven liquefied natural gas (LNG) and three LPG carrier newbuildings between July 2017 and May 2018 and the commencement of short-term charter contracts for certain of the vessels in the Partnership’s 52 percent-owned joint venture with Marubeni Corporation, the company said in its report.The company’s president and CEO, Mark Kremin said that it has “experienced another quarter of increased earnings and cash flow from” LNG carriers.“We have taken delivery of nine LNG carriers over the past nine months, including the Myrina and the Megara in early-May and mid-July 2018, respectively, both of which are on long-term, fixed-rate charters to Shell, and we are anticipating the delivery of the Bahrain Spirit FSU later this month,” Kremin said.Quarterly voyage revenues increased during the period under review, reaching $122 million compared to $100 million reported in the quarter ending June 30, 2017.last_img read more

Noble Energy: Leviathan development 60% complete. First gas sales in 2019

first_imgThe development of the giant Leviathan gas field in the Mediterranean Sea, offshore Israel is nearly 60 percent complete.The Leviathan platform under construction (Image by Noble Energy)This is according to Noble Energy, the operator of the field, which on Friday shared the progress update as part of its quarterly report.Noble said the offshore gas field project was “nearly 60 percent complete, with anticipated first sales on schedule by the end of 2019.”During the second quarter, Noble drilled two final wells at the Leviathan field to total depth.“Completion activities are underway, and pipeline installation has been completed for infield flowlines and main gathering lines,” the company said.The final investment decision (FID) for the Leviathan development was made in February 2017. The first phase of development of the Leviathan is expected to cost around $3.75 billion.Development planThe Leviathan, holding around 22 trillion cubic feet of gross recoverable resources, will be developed using a subsea system that connects production wells to a fixed platform located offshore with tie-in onshore in the northern part of Israel.The Leviathan platform will have an initial deck weight of 22,000 tons. Processed gas will connect to the Israel Natural Gas Lines Ltd. onshore transportation grid in the northern part of the country and to regional markets via onshore export pipelines. The development plan allows for future expansion from its initial 1.2 billion cubic feet per day (Bcf/d) capacity to 2.1 Bcf/d.Offshore platform installation will take the most of the next year, with commissioning and first gas scheduled for the end of 2019.In its presentation on Friday, Noble shared several milestones achieved at the project: Finished drilling program and began completion activity; Completed first subsea tree installation; Completed floating of the production decks; Finished pipelay for gathering lines;  Completed direct pipe shore crossing.Offshore platform installation will take the most of the next year, with commissioning and first gas scheduled for the end of 2019.Noble has already secured contracts for the supply of over 900 MMcf/d of gas from the Leviathan. Over 200 MMcf/d has been contracted to meet Israel domestic consumption, while 700 MMcf/d has been contracted for exports, evenly split between Jordan and Egypt.While working to bring the Leviathan online, Noble is extracting gas from its Tamar field offshore Israel.During the second quarter of 2018, the Tamar field helped bring Noble’s 2Q gross sales volumes in Israel to a quarterly record of more than 1 billion cubic feet of natural gas equivalent per day, driven by increased local demand.  Net sales volumes totaled 227 million cubic feet of natural gas equivalent per day during the second quarter of 2018.Offshore Energy Today Stafflast_img read more