Tim Gurner expects Brisbane unit rebound as soon as mid next year

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first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenSneak peak: FV building02:02PROMINENT property development Tim Gurner has sunk billions into the apartment market across the major capitals, and he believes Brisbane will be ready for its second unit surge within a year.Mr Gurner, who has just completed the $600m iconic FV building in Fortitude Valley which sold out within 12 weeks in 2015, expected the next wave of buildings to begin when construction costs drop mid next year.He said having supply come to a stop was a good thing,“The market dictates what it wants and supply has stopped – it hasn’t slowed, it’s stopped – which is a great thing. Everyone who’s bought is going to do really, really well because there’s not going to be that supply that everyone talked about.” The FV building has reshaped Fortitude Valley.He believed new Brisbane apartments such as those in his FV building would not have issues attracting tenants.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour ago“The tenant interest we’ve had in here is strong,” he said. “We can’t even cater for the number of people that want to get through. There is a huge amount of occupancy demand.”“I am not interested in doing a product that’s mass market or typical. I expect our owners to do really well and that’s why we’ve taken it to the level we have. We invested another $9m here on top of what we originally thought through all the amenity levels and apartments. It’s a bit of a love, I wanted to create a space better than anything in the market and then we wanted to take it up again to an international luxury hotel standard.” FV has a luxury hotel feel.Mr Gurner said Brisbane “was a little bit too hot at one point” more than a year ago.“I think that reflected in construction prices that went through the roof, but now we would be looking to launch projects up here in mid next year when construction pricing comes back a bit.”His next Brisbane project set to launch in 2018 will have 200 apartments next door to FV.“And we’re looking again now,” he said, for more sites in Brisbane.last_img read more

Extreme reno: How $3m in 3yrs transformed this Hamilton house

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first_img BEFORE: The front of the house at 24 Hillside Cres, Hamilton, before the renovation. AFTER: The front of the property after the renovation.The Allez’s bought the Hamilton property five years ago when it was crying out for a makeover.Mr Allez said he and his wife fell in love with the view and the house’s street appeal, but inside was a different story.“The inside wasn’t really what we expected,” Mr Allez said. “It needed a lot of work. In fact, it needed changing altogether.“It only had two bedrooms and downstairs was just nothing basically.” BEFORE: The formal dining room in the house at 24 Hillside Cres, Hamilton. AFTER: The formal dining room after the renovation.But the couple could see the potential to transform the house into something really special. “We instructed the architect to draw what we really wanted,” Mr Allez said.“It took a year to get the approvals from city council.”Downstairs was completely gutted except for the outside walls of the house.“Downstairs, we basically wanted three bedrooms and one master bedroom with walk-in robes and ensuites plus a study,” he said. BEFORE: The outdoor terrace at 24 Hillside Cres, Hamilton, before the renovation. AFTER: The outdoor terrace after the renovation.The Allez’s changed the configuration upstairs to make it more open plan.They removed the two existing bedrooms, as well as the internal stairs, which they replaced with a wrought-iron and Tasmanian Oak spiral staircase towards the back of the house. A statement arch window at the front of the house was utilised as a feature of a new master bedroom, which has become “the biggest room in the house”.This room also has an ensuite and walk-in wardrobe and a lounge/study attached to it.A laundry, powder room and main bathroom were also installed upstairs, as well as an open-plan kitchen, living and dining area. MORE: Mansion listed with eye-watering price Janan Allez and her husband Sinan pose at their home in Hamilton, which is now for sale. Image: AAP/Sarah Marshall.A MILLION bucks a year for three years – that’s how much Sinan and Janan Allez spent renovating their hillside mansion in one of Brisbane’s most prestigious suburbs.You could buy six houses in the Queensland capital for that money, but Mr Allez believes the end result was worth every cent.And when you see the marble gracing the kitchen benchtops, the Versace tiles covering the floors, the soaring 3.5m ceilings and the Roberto Cavalli wallpaper coating the walls of this stunning, art deco property at 24 Hillside Crescent, it’s easy to agree with him. RELATED: Roman palace heads to auction in Queensland BEFORE: The back of the house at 24 Hillside Cres, Hamilton, before the renovation. AFTER: The back of the house after the renovation.From the kitchen and dining room, French doors open out to an upstairs terrace.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago“We have two terraces – a lower terrace and an upper terrace with a roof over it,” Mr Allez said. “We had to fight for a roof over the upper terrace because (the council) didn’t want us impeding the view of neighbours.“View is everything in Hamilton.”The house even had a war bunker that had been converted into a garage by the previous owners.The Allez’s turned it into a double garage, featuring an internal lift to take you straight upstairs to the house.Above the garage, they had an infinity-edge swimming pool built. BEFORE: The lounge room in the house at 24 Hillside Cres, Hamilton, before the renovation. AFTER: The formal lounge room after the renovation.Mr Allez said it was the attention to detail that made the house so impressive.They chose a classic white, black and gold colour scheme, with modern appointments.The kitchen features an integrated fridge and freezer and a glass splashback painted in an autumnal print by a Gold Coast artist.Other luxury details include three French chandeliers and built-in wardrobes imported from Italy. “The whole makeover mostly came from my wife,” Mr Allez said.It took a bit longer than they had expected, but Mr Allez said the builder, Gardiner Bros Pty Ltd, did an excellent job with the structural work and finishes of the home.Now their daughter has flown the coup, the Allez’s are looking to move on to the next stage of life.The property is being marketed by Drew Davies and Carter Lagana of Place – Ascot for offers over $5.9 million.last_img read more

Nugent hails bargain striker Ulloa

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first_img Eyebrows were raised when Leicester broke their transfer record to sign Ulloa from Brighton in the summer. The Foxes paid an initial £8million fee, which could rise to £10million, for the striker even though he had just one season of experience in English football before moving to the King Power Stadium. The 28-year-old has had no problems adapting to the top flight, though. On Sunday he took his tally to five goals in five matches with a well-taken brace in the shock win over Manchester United. Given that Diego Costa, who cost Chelsea four times as much, is the only man to have scored more goals than Ulloa this season, Nugent thinks the acquisition of his Leicester team-mate is proving to be a shrewd bit of business by the east midlands club. “Leo has been a revelation so far,” said Nugent, who scored a penalty in the hugely impressive 5-3 win. “He has come in from Brighton and he has scored lots of goals. At £8million he has turned out to be a bargain.” Bookmakers have cut the odds on Ulloa topping the scoring charts at the end of the season from 80-1 to 33-1. They have also lengthened the price on Leicester being relegated after their successful start to the season. Nigel Pearson’s side, who won the Championship last year, have taken eight points from five matches. Given that they have already played Arsenal, Chelsea and 20-time champions United, the Foxes are taking delight in silencing their doubters. “When the fixtures came out, with the start we were given, no one expected us to get any points, so we are proving everyone wrong,” said Nugent, who has played in the top flight before with Portsmouth. “They can write us off all they want, but we know in this squad we have the spirit, the energy, and the players to cause teams problems as we showed against Manchester United.” The Foxes lost two and won 17 of their 23 matches at home last season. Now Leicester are looking to make teams fear coming to the King Power Stadium this season. “It was important to win at Stoke (the weekend before last), but our home form is very important to us,” Nugent said. “We have to make this place a fortress.” Forward Jamie Vardy, scorer of the Foxes’ fourth goal on Sunday as well as playing a key role in his side’s other goals, played down his heroics, insisting it was all about getting the three points. Speaking from Leicester races, he told At The Races: “The fans were amazing and the players were amazing. “It’s not about me scoring – it’s about the team winning, and that’s all that matters.” Vardy was not dwelling too much on the amazing comeback, though, as he swiftly turned his attention to Saturday’s trip to Crystal Palace. “We haven’t had the easiest starts (to the season), but we’ve already shown what we are all about,” he added. “It’s on to the next game now and trying to get three points. “There’s no easy games – it doesn’t matter who you are playing – so we have to get on the training ground and find out their (Crystal Palace’s) strengths and weaknesses and exploit them, like we did on Sunday.” David Nugent thinks Leicester have signed one of the bargains of the season in Leonardo Ulloa. Press Associationlast_img read more