Competition for fewer Gold Coast properties heats up

first_img MORE NEWS: House sells a day after hitting the market Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:35Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:35 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, 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 Rate1xFullscreenFive things to consider when buying into a regional area01:35 House hunters are out in force and desperate for property on the Gold Coast.House hunters are storming the market in a desperate bid to snap up property that is in short supply across the Gold Coast.Industry experts say the “ferocious” demand is pushing up prices and reducing the number of days properties spend on the market.Real Estate Institute of Queensland Gold Coast zone chairman Andrew Henderson said the limited number of properties up for grabs meant people were reluctant to list their homes.“They can’t find where they want to move to because the options aren’t there,” he said.“Pretty well across the Coast there are a lack of properties for sale.“We really need that momentum of stock to come on the market so we can get that cycle happening again.” MORE NEWS: What you need to know about owning a pool Both Mr Henderson and McGrath Palm Beach co-director Josh Willatt said pushing for a longer settlement period gave sellers more time to find another property.Mr Willatt said that to alleviate people’s concerns over the lack of stock, he advised sellers to go to market and request 90-day settlements.“Then those owners have confidence that they can put cash offers on other properties to trump those other buyers that aren’t doing that.”Mr Willatt said prospective buyers were “ferocious”, with dozens attending open homes and auctions.He recently sold a Burleigh Waters property at 1/24 Wagtail Court for $696,000, $66,000 above the listing price. Heavy rain wasn’t enough to stop more than 50 groups of people from attending its open home.More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago The Burleigh Waters residence at 1/24 Wagtail Court fetched $66,000 more than its listing price.“If owners have got a good property in a good location and have presented it well, they’re really reaping the rewards.”Kingfisher Realty founder Conal Martin said Burleigh Heads and Burleigh Waters were particularly popular.A property in Acanthus Ave sold for $2.3 million while an almost 50-year-old house in Sandpiper Drive fetched $1.2 million despite both not being on the market.“I’ve been in the property business in Burleigh since 2001 and I’ve never seen it this hungry,” he said.“On the back of last year’s Federal Election and three interest rate drops, the market has just gone bang.“Better still, it has more sustainable growth than previous ‘booms’ as it is being driven by realmoney.“A lot of people in real estate say ‘don’t mention the GFC’ but it forced the industry to clean up and banks are no longer simply throwing money at people.” However, he said selling first gave vendors an advantage when it came to buying another property, especially if they had competition.“Your best bargaining power is always being a cash buyer,” he said.With no subject to sale or finance conditions, Mr Henderson said sellers were more likely to accept cash offers.last_img read more

Methanol Institute joins China’s study of methanol as marine fuel

first_img “Huayi contributed to the methanol vehicle pilot in Shanghai, providing M100 fuel for the taxi fleet. As IMO has confirmed in its interim guideline that methanol is a safe and compliant low flash point marine fuel, methanol can find its role in the sustainable development of China’s waterborne transportation sector.” Categories: “China has a sharp focus on air quality and emissions control for the transportation industry on a national basis, we see potential opportunities for methanol to be used as an alternative fuel,” Guo Min, Deputy Chief Engineer and Manager of Development Department, Shanghai Huayi, commented. Methanol Is Ready for Use as Marine Fuel First formed in 1989, the Methanol Institute (MI) serves as the trade association for the global methanol industry.  The study will create comprehensive guidance and policy suggestions for the use of methanol as a marine fuel. Methanol Institute “Our experience to date has proven methanol as a safe, reliable, cost competitive and IMO 2020 compliant marine fuel and this study will provide an opportunity to decisively strengthen the offering of methanol as a widely available, future-proofed marine fuel in China.” “We welcome the study by CWTRI which will support the use of methanol as a clean burning marine fuel.” Based on the characteristics of China’s energy and shipping industries, the study aims to create comprehensive guidance and policy suggestions for the use of methanol as a marine fuel, reflecting the experience already gained in large and small methanol-fuelled marine engines. Additionally, it will develop a roadmap for the adoption of methanol as a marine fuel in China. Posted: over 2 years ago “China is progressive in developing clean alternative fuels for its energy diversification and pollution control,” Ji Yongbo, Director of Shipping Technology Research Center of CWTRI, noted. Business & Finance The Methanol Institute (MI) has joined a study led by the China Waterborne Transportation Research Institute (CWTRI), the think tank of the Chinese Ministry of Transport, which will consider the technical and operational requirements for the use of methanol as a marine fuel.  The study is supported by Vancouver-based company Methanex, the world’s largest methanol producer and distributor and Shanghai Huayi Energy Chemical Co., Ltd., one of the largest methanol producers and distributors in China. Posted: over 2 years ago “China is the largest producer and consumer of methanol globally and it has been used safely in the country for many years, not only as a building block for the manufacturing of chemicals, but also as a clean fuel in industrial boilers, passenger vehicles and heavy duty trucks,” Chris Chatterton, Methanol Institute Chief Operating Officer, explained. “Methanex currently operates 11 dual-fuel methanol-powered vessels globally through our wholly-owned-subsidiary Waterfront Shipping,” Zhang Jianning, President, Methanex China, said.last_img read more