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ABP draws on neuromarketing to ‘revolutionise’ member communications

first_img“Everything is changing in pensions, so we want members to be aware about it, recognise whether they need to take action, and what to do.”Besides changes in pension rules made by regulators, there are a number of legal practicalities which members should be reminded of, said Vonken.For example, in the Netherlands, when two people move in together, they need to nominate their partner as their pension beneficiary by agreeing a living-together contract and registering the partner in the pension plan. Otherwise, the partner will not have a claim on any benefits if the member dies.Similarly, when people change jobs and, consequently, their pension fund, they can choose to transfer the accrued value at their previous pension fund to their new pension fund.The work was carried out by a research agency with 40 volunteers, a relatively high number for neurological research.Volunteers were placed in a scanner and given 118 statements about pensions, each together with a picture.Individual statements were shown only for a brief time, to focus on the individual’s subconscious reaction.The scan showed which parts of the brain showed activity while assimilating which piece of information. Positive emotional reactions included desire, expectation and trust, while negative responses included fear, anger and disgust.The research found that people will only take action (read information, nominate someone or become a subscriber to the newsletter, say) when the balance of emotions is positive and when people perceive the stimuli they see as appealing.“In general,” Vonken said, “the results showed that, in their communications with members, pension funds have to focus on positive associations with pensions.“For instance, rather than warn how important saving for a pension is, we should emphasise how people who save can enjoy their pension later on.”The concept of pensions as a whole was perceived negatively by the research subjects.However, the fact there is a uniform pension overview (UPO) – an annual statement of expected retirement income and death benefits, which all Dutch pension funds send to members in standardised form – was perceived favourably.ABP says this may be because it is personally applicable, uniform and regular.People find information about their own pension relevant, said Vonken, but sometimes they need extra motivation to actually do something about it.The extra motivation can be based on positive associations with pensions and retirement and the right wording and imaging.The research also highlighted the effects on people’s subconscious of intrinsic motivation – such as feeling good about being well prepared for the future right now by subscribing to the newsletter – and extrinsic motivation – for instance, inducements such as offering the chance to win an iPad to members who subscribe to the newsletter of their pension fund.The results showed that the right intrinsic motivation was as effective as extrinsic motivation because it gave people a sense of wellbeing.Extrinsic motivations are also likely to wear off over time.And, according to Vonken, a lot of small changes can make a big difference.For instance, the subject line in an email newsletter can increase the number of people who read it and go to the pension fund’s website, thus getting informed.“ABP and the pension fund industry believe it’s their job to make people more aware of their finances,” said Vonken.“We can help them become aware of it and support them with information, as a result of which they might take the necessary actions to make sure they are well prepared for their retirement.”ABP’s marketing and communications teams are now being trained to convert the research results into practical improvements to their campaigns.Besides the substance of information, the presentation and layout of documents can also play a role, especially in terms of making the UPO more relevant to members.ABP is currently working on this aspect of the research as well. Dutch pension fund ABP has carried out specially commissioned neuromarketing research to make its communications to members more effective.Neuromarketing is the study of how people react subconsciously and emotionally to external stimuli, such as written information or pictures, by monitoring brain activity.It also measures emotional responses, so can be a useful tool in giving advertising or marketing messages more impact.Joyce Vonken, marketing intelligence specialist at ABP’s administration agency APG, said: “Around 95% of decisions people make are made subconsciously. We wanted to know how pension fund communication influences people’s subconscious emotions and associations, how effective the communication is and how we can improve it.last_img read more

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Amundi, Deutsche, ING and SSgA selected for ECB’s ABS spree

first_imgThe European Central Bank (ECB) has appointed four asset managers to execute its asset-backed securities (ABS) purchase programme – Amundi and Amundi Intermédiation, Deutsche Asset & Wealth Management International, ING Investment Management and State Street Global Advisors (SSgA). The ECB said the appointments followed a competitive negotiated tender procedure. The asset managers will conduct the ABS buying transactions on instructions from, and on behalf of, the Eurosystem, the bank said.Buying decisions will remain the sole responsibility of the Eurosystem, and it will check prices and perform due diligence before approving the deals, the bank said. The buying activity is expected to start during November, after the legal act has been published.The ECB said contracts with the executing asset managers included provisions to mitigate conflicts of interest, such as the separation of teams working for the ECB and those engaged in other activities.Stan Beckers, chief executive at ING Investment Management – soon to become NN Investment Partners – said: “This mandate (…) allows us to put all our knowledge, resources and experience to support the proactive development of European monetary policy.”He said the company was proud to have been selected for the task.last_img read more

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Romania’s second-pillar schemes return 3.65% in first half of 2016

first_imgRomania’s mandatory second-pillar pension funds continued to weather local market weaknesses.According to the Romanian Pension Funds Association (APAPR), the funds’ weighted annual average return fell to 2.65% as of the end of June 2016, from 4.84% a year earlier.The result was nevertheless higher than that in the first quarter (1.7%), with all seven funds generating positive returns, ranging from 1.8% to 3.3%.Mihai Bobocea, adviser to the APAPR board, said: “Returns are obviously down because of the low-interest-rate environment, strongly negative inflation, falling stock prices and also the underperformance of bonds. “However, with active management and good diversification, pension funds still managed to stay in ‘green’ territory and post positive returns, which is valuable for plan members.”Bobocea also stressed that the second pillar had, since its inception in May 2008, produced a robust annualised return of 9.49%.Brexit, according to Bobocea, had a marginal effect on the local stock market and even less of an impact on local pension fund performance.“The stock market’s biggest problem is that it’s not really growing or progressing in any way,” he added, citing a lack of new IPOs and SPOs, no depth and little liquidity.The IMF, in its May 2016 report on Romania, made similar observations and urged the government to fast-track state-owned enterprise privatisations, including through IPOs, to provide additional supply for the equity market.According to Romania’s Financial Supervisory Authority, the second-pillar funds invest the biggest share of their assets in government bonds (65.5% as of the end of June 2016), followed by equities (17.3%), bank deposits (7.6%), corporate bonds (3.9%) and UCITs (3.7%).The most noticeable shifts in asset allocation over the year were an increased share in bank deposits, of 3.4 percentage points, while the equity share fell by 1.9 percentage points.Second-pillar membership grew over the year by 4.2% to 6.68m, and assets by 27.2% to RON27.6bn (€6.1bn).Part of the asset growth resulted from this year’s increase in the contribution rate, from 5% to 5.1%.The smaller third pillar also averaged a positive return, of 1.37%, down from 3.91% in June 2015.Assets increased by 19% to RON1.4bn and membership by 9.3% to 399,276.The number of funds shrank by one to 11 following the merger of Aegon and Eureko’s third-pillar operations.last_img read more

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Dutch transport scheme posts 12.7% profit [updated]

first_imgVervoer, the large sector scheme for the Netherlands’ private road transport system, posted a 12.7% gain in 2016.The €23bn transport scheme said this preliminary return figure included increases of 8% on fixed income, 11.2% on equity, 8.7% on real estate and 1.8% on infrastructure.In the fourth quarter, Vervoer’s investments yielded 3.4% over the course of the fourth quarter, with its equity holdings – roughly a third of the portfolio – generating 7.5%.The gains helped the pension scheme raise its funding ratio to 101.4%. However, the quarterly equity return was offset by a 0.2% loss on Vervoer’s fixed income allocation, and losses of 1.5% and 1.3% on property and infrastructure, respectively.Vervoer’s performance outpaced that of other large Dutch schemes. PFZW posted a 12% return in 2016, while PME, PMT, Philips, and KLM’s cabin staff scheme all saw gains of between 10% and 11%.Meanwhile, the €3.3bn pension fund of applied technical research institute TNO reported an annual profit of 9.7%.With gains of 12.9%, private equity was the best returning asset class of the TNO scheme last year. It said that fixed income and mortgages combined generated 9.4%, while equity and real estate yielded 8.8% and 6.9%, respectively, over the year.Following the decline of swap rates, TNO gained 1% from its interest rate hedge. However, the pension fund lost 0.3% on its currency hedge of the US dollar, sterling, and the yen.Funding of the Pensioenfonds TNO rose slightly during the year to 110.5%.last_img read more

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Largest Dutch schemes improve funding but remain wary of cuts

first_imgThe five largest Dutch pension funds saw their funding improve by two to three percentage points during the first quarter, due in part to a slight rise in interest rates.Most schemes, however, warned against “too much optimism” and indicated that new headwinds may still force them to cut pension rights. With a quarterly return of 2%, the €389bn civil service scheme ABP reported the best performance. Its funding rose 2.3 percentage points to 94%.Corien Wortmann-Kool, ABP’s chair, emphasised that the scheme’s coverage ratio was still way below 110%, the level at which pension funds are allowed to start granting some indexation. “Inflation compensation will barely be on the cards in the next five years,” she said.According to Wortmann, the possibility of a rights discount will remain if the funding level drops again.ABP also warned that a cancellation of the European Central Bank’s quantitative easing programme and low interest rate policy could negatively affect both equity and fixed income markets, in particular if the process were to go faster than expected.The €187bn healthcare scheme PFZW made a 0.5% profit during the past three months, after a 0.7% loss on its interest and currency hedge. Its funding rose to 92.3%. PFZW attributed its investment result in part to emerging markets debt, which produced 5.4%.Peter Borgdorff, the scheme’s director, also said that further recovery was necessary.PMT, the €68bn pension fund for the metalworking and mechanical engineering sector, reported a quarterly result of 0.9%, citing “more than average” returns on high yield (2.7%) and equity (5.4%).It said it had divested from emerging markets equity after strong performance, as its equity allocation would otherwise have exceeded its strategic bandwidth of 35%. The proceeds were invested in its liabilit-matching portfolio.PMT closed the first quarter with a coverage ratio of 94.8%.The investments of PME, the €45bn scheme for the metal and electro-technical engineering sector, returned 1.3%. The scheme saw its funding rise to 93.9%.Eric Uijen, executive trustee, noted that coverage had to improve to 104.3% at 2019-end in order to prevent rights cuts.With a funding of 107.8%, BpfBouw, the €54bn pension fund for the building industry, is still in the best financial position of the five largest schemes.It returned 1.2%, largely thanks to profits on equity (6.3%) and property (2.7%), with Dutch residential and retail portfolios performing best.last_img read more

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Danish roundup: Investors sue Morgan Stanley, Carnegie over OW Bunker

first_imgDenmark’s biggest pension fund is among 24 Danish institutional investors that have decided to sue banks Morgan Stanley and Carnegie in relation to the collapse of Danish shipping fuel company OW Bunker.ATP has filed the lawsuit as part of a consortium including units of PFA Pension, PenSam, Lærernes Pension and PensionDanmark. Other pension funds involved in the consortium are AP Pension, Unipension and Sampension.The funds are suing the two issuing banks for IPO prospectus liability.The Danish institutional investors lost DKK767m (€103m) after investing on in shares in the company “on the basis of a prospectus which was insufficient in material aspects”, ATP said. Tomas Krüger Andersen, ATP’s head of legal for investments, said: “The consortium has decided to extend the group of defendants to include the issuing banks Morgan Stanley and Carnegie.”This decision was based on new information in extensive exhibits from the bankruptcy estate, which the investors were only given access to this spring, he said.“We believe that the banks knew about OW Bunker’s speculative activities and that the banks contributed to misleading investors,” he said, adding that, against this background, ATP believed the banks may be liable to pay damages.Lawyers Bruun & Hjejle are representing the investors in the proceedings.In June 2015, the investors said they were suing OW Bunker itself. In April 2016, ATP said it had not decided whether to expand the suit.The action is pending before the Danish Eastern High Court.LD awards alternative credit mandateIn other news, Danish pension fund LD is expanding its allocation to alternatives through a DKK1.1bn alternative credit mandate to be run by US asset management firm Apollo.LD said its alternative investment allocation, which is now less than 5% of its overall assets, would increase substantially with the new mandate.Claus Buchwald Christjansen, LD’s CIO, said: “We have been talking to the American manager for a long time and chose them because they were simply the best suited, and at the same time enormously innovative in their ability to be able to manage liquidity and hedging of alternative credit investments.”LD said its demands regarding alternative credit investments were different from those of most other pension funds in Denmark. Firstly, the investments had to have a high level of cashflow, and secondly, the investment time horizon was significantly shorter than that normally seen in the sector.LD said it had designed a hedging portfolio with Apollo that would protect the investments against losses in the case of negative developments in financial markets.“In spite of that, we expect a relatively high return on these investments,” said Buchwald Christjansen.LD has total assets of around DKK43bn at the moment but this is expected to shrink to DKK25bn by 2024. It is a non-contributory pension fund based on a one-off sum transferred by the government in 1980. Half of its members have now passed the age of 60, when they can withdraw their assets.last_img read more

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From 50 shades to family home

first_imgYou no longer need to have a Bex and lie downedia room and a laundry on this level.Upstairs, there is an open plan dining, kitchen and lounge area with VJ walls and hoop pine floors.The kitchen has an induction cooktop and an externally-vented rangehood, a pyrolytic oven, a dishwasher and stone benchtops. It leads out onto an entertainer’s deck with a speaker system, and overlooks the garden. There are three bedrooms each with carpet and built-in robes and a main bathroom. Additional features include split-system airconditioning, ceiling fans, network cabling, integrated automation for security and lighting, three water tanks, a double vehicle lockup garage and a separate workshop with storage. Before its renovation you could see the loo from hereMore from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago“The house is my dream home,” she said, noting they were only moving after receiving a job offer interstate. On the ground level there is a spacious second lounge, a workshop and a study area that opens up on to a covered patio, tropical back garden and pool area. There are also two bedrooms, a bathroom with a spa bath and shower, a m 18 Peach St, GreenslopesWhen Natalie and Warren Muir bought their Greenslopes home in 2015, they were drawn to its location and potential.The five-bedroom house at 18 Peach St had been lifted prior to their purchase, but was crying out for a renovation.“We called it the 50 Shades of Blue House. You needed a Bex before you went upstairs,” Mrs Muir said.The couple repainted using neutral colours, put in a Shaker-style kitchen and redesigned the bathroom.Mrs Muir said that the bathroom renovation was a must as “you could see the toilet from the kitchen and dining area”.center_img The 50 Shades of Blue house is now a family homeMrs Muir said one of the best features was “the location … and the neighbours”. “It is such a family street,” she said. The house will be auctioned at Level 1, 33 Lytton Rd, East Brisbane, on Thursday at 6pm by Simon Caulfield of Place – Kangaroo Point.last_img read more

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Clive Palmer settles on $12m jawdropping beach house

first_imgThere is enough room to park eight cars in the basement. Businessman Clive Palmer, pictured here outside the Supreme Court in Brisbane on Monday, now has a beach house on Hedges Ave. Picture: AAP Image/Dave Hunt.CLIVE Palmer’s jawdropping $12m beach house has cleared settlement just a month after he fell in love with it — boxing ring, fully aircon gym, 22m lap pool and all.The five bedroom designer home is in one of the most coveted parts of the Gold Coast in the exclusive seaside strip of Hedges Avenue in Mermaid Beach. The Hedges Avenue home is one of the most beautiful on the millionaire strip. The home has 20m of beach frontage. The views are breathtaking and the home makes stunning use of indoor-outdoor flow over its 810 sqm double block. It has 20 metres of beach frontage. FOLLOW SOPHIE FOSTER ON FACEBOOK The multistorey property had a stunning $12m price tag. 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 “It’s one of the most iconic Hamptons style homes on the beachfront there and one of the first to have been built on the beachfront using that style of architecture on Mermaid Beach,” Mr Velissariou said. The property was listed to be in the region of $11.1-12.9 million that the former owner John Potter wanted. He had been keen on selling the property since 2015, but hadn’t been actively marketing it this year, according to CoreLogic.Agent Tony Velissariou of Tony V reportedly pitched it to Mr Palmer when he was discussing a beach home last month. RELATED: Billionaire Clive Palmer’s latest purchase marks highest sale on the Gold Coast in 2018 The gym is fully airconditioned and has a boxing ring. The home also has an impressive wine cellar. Cupcake queen’s sweet dealJames Packer splashes $80m on new homeSnowboard champ’s new hideaway The home embraces indoor-outdoor flow.More from news02:37International architect Desmond Brooks selling luxury beach villa15 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago The property, listed as “the Gold Coast’s most admired beachfront home”, closed a week ago.Among its charms were an eight car basement for parking, five master bedrooms, an opulent kitchen, wine cellar and elevator, and even an observatory with ensuite that doubles as an office. Every bedroom has an ensuite.last_img read more

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Buy land for the price of a holiday on the islands of Moreton Bay

first_imgSydney-based Harry Cobon, 5, at his grandparents’ Point Lookout holiday home which is now for sale at 4/6 Cumming Pde. Picture: Stuart Quinn.LAND parcels for the price of a holiday are on offer just outside Brisbane, and expat Aussies are snapping them up.The islands of southern Moreton Bay are a $4.95 ferry trip from the mainland, with 600sq m blocks starting at $15,000 on Russell Island, and savvy investors from as far as Abu Dhabi are buying their own piece of paradise sight unseen.MORE: Mansion with 200k chandelier shatters records Whopping $8.4m mansion sale sets new Brisbane auction price recordAuction success: Brisbane’s clearance rate highest in 2.5 yrsThe Redlands Coast Southern Islands have a combined population of about 6600, while North Stradbroke Island has 2220 residents. Source: Redland City Council.But demand is outstripping supply on the islands which will push property prices higher.Already Point Lookout on North Stradbroke Island has seen a 46.6 per cent increase in median house prices in three years and real estate agents on the southern islands say overseas interest is growing.The view from one of the top properties on the market on North Stradbroke Island at the moment, at 4/6 Cunning Pde, Point Lookout. Picture: Stuart Quinn.“A lady in Abu Dhabi just bought an investment property on Lamb Island,” Harcourts Living real estate agent Chris McGregor said.“She’s originally from Brisbane and she may come to the island in several years.“And I just had an offer on a property on Lamb Island from someone in Tassie. They are looking for a cheap house to move in to and bought it sight unseen for $140,000.”Neighbouring Macleay Island is having a building boom with real estate agents estimating around 50 new builds are under construction on the island.Houses under construction, like this one overlooking the mainland, are a common sight on Macleay Island.“We’re getting quite a lot of retirees coming up from down south,” T. Barclay Real Estate agent Sally Kuroczycki said.“They’ve bought something here, they’ve got change and go travelling. They can lock it up and off they go. Or people might buy now and rent it out for later.”But it’s not just a bargain that is driving expat interest in Moreton Bay.The tourist hub of North Stradbroke Island, which attracted 375,000 visitors last year, has also seen an increase in overseas buyers in the past three months. And while median house prices at Point Lookout have almost hit $1 million, new developments are being bought off the plan in a sign of strengthening up-market demand.“It’s an emotional destination,” Dolphin Real Estate’s Olivia Cole said.“Lots of people grew up here and are now coming back. They’ve holidayed and are buying a property for their family so the tradition carries on.Harry Cobon, 5, and his sister Charlotte Cobon, 3 check out the pool with a view at their luxury holiday home at Point Lookout. Picture: Stuart Quinn.“And we’re seeing expat buyers from Hong Kong, Singapore and London that we haven’t seen before wanting to buy their special piece of Straddie.”Sydney-based Edwina Cobon has been coming to Straddie since she was a teenager. Her mum and dad’s holiday unit at 4/6 Cumming Pde, Point Lookout has just hit the market with Chris Ransley of Ray White North Stradbroke listing the house for $920,000 on one of the highest parts of Point Lookout.The Cobon family unit at 4/6 Cumming Pde, Point Lookout that is for sale now through Chris Ransley of Ray White North Stradbroke.“We grew up in Port Macquarie (NSW) but we would come here for holidays and stay at the resort, and then mum and dad bought this place 20 years ago,” Mrs Cobon said.“Since I’ve had kids we’ve got good friends from Barcaldine in Central Queensland and we meet on the island for a holiday. It’s the halfway point.”The Redland City Council and the Queensland Government are working toward a $34.1 million upgrade of the ferry terminals throughout the southern islands to improve facilities for the locals and to support day visitations and tourism.One of the four ferry terminals that will be upgraded as part of the $34.1 million infrastructure project. Picture: Jono Searle.At the Redland Bay Marina ferry terminal information desk, French-born Helene Grillot, is bemused by island property prices.“If this were Europe, the islands would be more expensive than the mainland,” Ms Grillot said.“Just because you cross the water here, land is so cheap.”Robert Baxter blew in to Russell Island 16 years ago when a storm swept his catamaran down the bay from Bribie Island.He fell in love with the place and built a five-bedroom home for his family and now he’s transferred to a one-bedroom house on Macleay Island.“Now the kids can’t stay with me, but I have family on Macleay anyway,” he said.A TransLink go card is all that you need to travel between Redland Bay and the islands of southern Moreton Bay. Inter-island travel between Macleay, Russel, Lamb and Karragarra islands is free. Picture: Paula Shearer.Also catching the ferry this week was film industry storyboard artist David Russell, who worked for George Lucas on the 2012 war film Red Tails, and sculptor Masha Marjanovich. The artistic couple are currently living on the Gold Coast while they build on one of the islands.“The Gold Coast is getting crowded,” said Mr Russell, who has lived at Broadbeach for 20 years.With land parcels at Broadbeach Waters selling for more than $800,000, the $30,000 investment to secure a prime island location in Moreton Bay was too tempting.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:55Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:55 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 Rate1xFullscreenIslands for sale around Australia00:55“The islands are ideal locations … and there’s a lot of creative people out here,” he said.“The shoreline can be overpriced but I like the more aesthetic interior.”On Macleay Island, the three-bedroom, brand new house at 249 High Central Rd is an entry level property at $225,000.ENTRY LEVEL: This brand new house at 249 High Central Rd, Macleay Island is on the market through for $225,000. It has three bedrooms and is on 594sq m.High Central Rd turns into Kate St and is the spine of Macleay Island, running its 6km length.Further down the road, Joselyn and Steven Broomfield are selling their two-storey house at 151 Kate Street for $389,000.MID LEVEL: 151 Kate St, Macleay Island is a two bedroom house with a teenage retreat downstairs on an 898sq m block.Mrs Broomfield used to commute from Macleay Island to Toowoomba for an 8.30am start when she worked in merchandising for Bunnings.Stephen and Joselyn Broomfield are selling their home on Macleay Island after 12-and-a-half years.“It’s just about time management, working out the ferry times,” she said.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 house with views of Cow Bay (named after the sea cows that live there) and North Stradbroke Island from the front balcony, while the rear deck looks across to the mainland.The view across Cow Bay to North Stradbroke Island from the front balcony of 151 Kate St, Macleay Island which is for sale for $389,000.In the dress circle location of Beelong Street, is the executive waterfront residence of 119 Beelong Street at $695,000 with three bedrooms, three bathrooms, and an open plan studio with separate kitchenette downstairs.119 Beelong St, Macleay Island is on the market for $695,000 and has three bedrooms and three bathrooms on an elevated 1123sq m waterfront property.The view is across azure blue waters to North Stradbroke Island.From the back deck of 119 Beelong St, Macleay Island.“All the islands have a different character,” Sally Kuroczycki said from Macleay.Sally Kuroczycki lives on Russell Island and works on Macleay. A local sculptor makes memorial benches like this that overlook the water for locals to remember loved ones.“Russell Island is a whole lot bigger, it’s slightly cheaper and the infrastructure is not as advanced as here.“Then we’re the next biggest. We have amazing infrastructure with the golf course, bowls club, restaurants, two supermarkets. There’s not much we haven’t got. And there’s not a house on the island that doesn’t have resident curlews.Curlews are raising babies on the islands, and you might spot bandicoots but you won’t find a koala on the southern Moreton Bay islands and the only kangaroos are those that have swum across from Straddie to Russell Island.“Lamb Island is very pretty. It’s quietly ticking along, there’s a kiosk and an indoor bowls club, but not a lot of infrastructure.“And then there’s Karragarra, more expensive. There’s no infrastructure on the island, two main roads, and that’s the way the locals like it.”It’s on Karragarra that Queensland’s first driverless bus will be trialled for a six-month period starting in November.An EasyMile EZ10 driverless electric shuttle bus in use at the University of Melbourne, similar to the one that will begin operation on Karragarra Island later this year.“We’re feeling in the area that something is brewing, there’s more interest around at the moment,” she said. “It’s a good time of year.”But she said island living is not for everyone.“If you need a big shopping centre, and you need to shop every day and visit a different coffee shop every day, it’s not going to work for you,” Ms Kuroczycki said.“Here there is peace and tranquillity, and no stress.”Homes on Karragarra, Macleay, Lamb and Russell islands must have their own effluent disposal system and the size of the system will determine the number of bedrooms allowed in each building.Dwellings under 60sq m must be assessed under the Amenity and Aesthetics Policy and their position on the block must be assessed by the Redland City Council.The Redland City Council said Point Lookout has a unique character and the City Plan has specific building design outcomes that need to be checked before designing begins.FOLLOW DEBRA BELA ON TWITTERVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:19Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:19 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 Rate1xFullscreenThe 6 best coastal homes that have sold01:19last_img read more

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Gold Coast property: Prestige on the riverfront

first_img“There are three bedrooms with ensuites, a marble kitchen bench, smart TV, large private media room, luxury appliances, private lock up garage and a storeroom.”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 agoOther features include a wine cellar with twin fridges, scullery and gas fireplace.The cinema has a projector and a high-end integrated speaker system. The rooftop pool and entertainment area provide yet another level to host guests or relax.Mr O’Connor said the apartments were suited to downsizers or interstate and international buyers. A seamless flow from the inside to the outdoors. Enjoy the rooftop entertaning area. Luxury at every turn.He spent two years on the design and build with the development completed in mid-2019.The four whole-floor residences offer contemporary finishes, security and privacy.No. 3 features imported marble and large floor to ceiling bi-fold doors that open up to embrace the water views across Nerang River to the foreshore of Budds Beach and the Surfers Paradise skyline.“I like the fact that there is top quality marble, electric blinds, curtains, shutters and it’s on the wide part of Nerang River,” Mr O’Connor said. MORE NEWS: Top three houses for sale on the Gold Coast with tennis courts The kitchen.“I believe they’re suitable for holiday homes for people from New Zealand, Sydney, Melbourne or elsewhere who want to live on the Gold Coast for part of the year,” he said.“They’re also suitable to someone downsizing from a large home – they’re very secure. “It’s the ideal lock up and leave.”Agent Katrina Walsh described the residences as comparable to a luxury penthouse. “It’s the ultimate Gold Coast lifestyle on the river,” Mr O’Connor, who developed the project, said. “I believe there was a gap in the market for up-market apartments on the river with top quality materials in them.”Mr O’Connor originally bought two properties on Stanhill Drive and had the houses demolished. Relax on your balcony overlooking Surfers Paradise. Plenty of space to cook up a storm. 3/83-85 Stanhill Drive, Chevron Island is on the market.No expense has been spared in the design and build of this luxury riverfront residence on Chevron Island.Pat O’Connor, who lives in New Zealand but spends six months of the year on the Gold Coast, is behind River Isles.The striking boutique development, which includes four residences, was purposely catered to a luxurious owner-occupier lifestyle. MORE NEWS: Gold Coast’s most popular property sells in multimillion-dollar deal Soak up that view.last_img read more

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