‘If Chinese buyers can buy, they will’ despite COVID19 delays

first_img St Lucia Manor, 118 Hawken Drive, St Lucia. Photo: Supplied“Chinese buyers are being more cautious, but they haven’t dropped off,” he said.“With the stockmarket being so volatile, this gives mums and dads a safety net to have money in real estate.”While inquiries remain strong, the company admits the situation is not without challenges, with travel and other restrictions making transactions difficult. “Over the past month we have had plenty of online inquiries from Chinese people, but much less of a presence than usual at open for inspections, developer sales suites and auctions,” he said. MORE: Cheapest mortgages in history for Aussie homeowners Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 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 Rate1xFullscreenHow much do I need to retire?00:58 Palmer wants special pontoon permission International students arriving from Asia via Brisbane International Airport early this month. Asian property demand here is partly driven by a desire to house young adults during their education.Foreign investors, especially Asian buyers, are still hungry for property in Queensland, despite coronavirus restrictions delaying transactions. Juwai-IQI, a Chinese global proptech group, shows Brisbane to be the third-most popular city in Australia for Chinese buyers, after Melbourne and top-ranking Sydney. center_img Prior to the coronavirus outbreak the company, which has a focus on new development properties, forecast that buyer demand from this demographic would continue to grow. Juwai IQI executive chairman Georg Chmiel said in 2019 Chinese buyers made 8.9 per cent more inquiries about Australian property than the previous year. “It is impossible to know what will happen with the market over the coming months. Yet this much is certain, if Chinese buyers can buy, they will. They like Australia. They like Brisbane. They want to invest here and to live here.” Brisbane property developer Emil Juresic of NGU Corp, who is selling a $4 million-plus home at 118 Hawken Drive in St Lucia said that 80 per cent of the more than 250 people who attended the recent open home were Chinese. Agents said 80 per cent of the more than 250 people who attended the recent open home for 118 Hawken Drive, St Lucia, were Chinese.Mr Chmiel said the company was working with buyers to help to facilitate transactions in alternative ways, such as sending and signing contracts over email. “My advice to anyone selling a home right now is to do as much online marketing as possible,” he said. “Try to reach overseas and local buyers using online tools that won’t be affected by travel bans or quarantines.” More from newsCOVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic3 days agoWhizzkid buys almost one property a month during COVID-197 days agoMr Juresic said he had not seen a drop in inquiries for property since the outbreak.“We are still taking phone calls and doing as many private inspections,” he said.“Buyers are still coming and people are still looking at houses; this has been our strongest month.” Leading property experts are warning investors and homebuyers to determine quickly whether a property is likely to make it to auction in the current market. Real Estate Buyers Agents Association president Cate Bakos said with global restrictions on COVID-19 moving rapidly, there was a high chance vendors could start choosing to “take the money and run”, preferring to accept early offers rather than risk seeing how many buyers turn up at auction. “On the flip side, smaller auction crowds can present significant advantages to buyers looking to negotiate with less competition,” Ms Bakos said. FOLLOW US ON FACEBOOKlast_img read more

‘Trike,’ truck collide; 3 hurt

first_imgAccording to police investigation, the incidenthappened around 12:30 p.m. ILOILO City – Three persons were injuredin a road accident in Barangay Madarag, San Enrique, Iloilo. He was brought to the San Enrique policestation where he was detained./PN The tricycle was driven by Elberto with Elmerand Dennis as passengers.  They were navigatingthe road when their vehicle was hit by a truck. It was however not immediatelyestablished what circumstance led to the collision. center_img Sunday’s crash landed Elberto Jamiñas,41, his relatives Elmer Jamiñas, 42; and Dennis Jamiñas, 27, at the Passi CityDistrict Hospital. They all sustained injuries on the body, police said. The truck driver Sonny Faceronda, 53, ofBarangay Dolores, Dumalag, Capiz was arrested. last_img

Dino Babers named Syracuse football’s next head coach

first_img Related Stories 5 quick facts about new Syracuse football head coach Dino BabersA look at the last 4 Syracuse football head coaches before Dino BabersPoll: Is Dino Babers the right football coach for Syracuse?Storify: Social media reacts to Dino Babers being hired as Syracuse’s next football coach Facebook Twitter Google+ UPDATED: Dec. 5, 2015 at 1:43 p.m.Dino Babers will be Syracuse’s next head football coach, the university announced Saturday. Babers comes from Bowling Green, where he served in the same role for the last two years.He replaces Scott Shafer, who was fired Nov. 23. The 54-year-old Babers coached under Art Briles at Baylor and he’s implemented parts of the Bears’ high-octane offense at Bowling Green. Falcons quarterback Matt Johnson led the FBS in regular-season passing yards with 4,465 under Babers’ direction.“There were many coaching opportunities out there but none more attractive or exciting than this one. I’ve always admired Syracuse Football’s scrappy demeanor, grit, and winning mentality, but what attracted me to this position even more is the University’s intense focus on preparing its student-athletes for a lifetime of success,” Babers said in an SU Athletics release. “This is an incredible opportunity and one I am thrilled to have been offered.”Babers first broke into coaching in 1984 as a graduate assistant at his alma mater Hawaii. He’s held 15 jobs since then, including separate gigs at seven different Power 5 conference schools. Before becoming the head coach at Bowling Green, Babers guided current New England Patriots backup quarterback Jimmy Garoppolo at Eastern Illinois.AdvertisementThis is placeholder textEarlier in the week, he shut down reports that he was taking the Central Florida head coaching job. He said he wasn’t going anywhere and that he was focused on Friday night’s Mid-American Conference championship game against Northern Illinois. He did admit his mindset toward other jobs would change after Friday’s game, which ended up being a 34-14 win for Bowling Green.Syracuse’s offense put up almost 28 points per game this season under offensive coordinator Tim Lester. Babers brings an enticing offensive background to a team who showed promise with a freshman and a walk-on under center for the vast majority of the season.“We wanted a leader who had a proven track record and a strong commitment to student welfare,” SU Director of Athletics Mark Coyle said in the release. “Dino’s background as a former student-athlete combined with his head coaching experience, and dynamic offensive mind make him a great fit for our program.”Babers’ introductory press conference will be Monday at 10 a.m. Commentscenter_img Published on December 5, 2015 at 11:43 am Contact Matt: [email protected] | @matt_schneidmanlast_img read more