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Cairns real estate: Furnished apartments empty as border closure bites

first_img A furnished apartment the Cairns Harbour Lights complex on the Marina. This two-bedroom apartment is listed for $700 per week.While there had been some reports of tenants negotiating lower rents on existing leases, Ms Johnston said dropping the price for city units wouldn’t help generate interest. “There still are long-term locals that are moving around, but they’re not even looking at furnished apartments,” she said. “We’ve tried to have that discussion with some of our owners, about moving furniture into storage and opening their properties up to weather this storm. But most of them want to keep them furnished. “Say we dropped the rent of something at Harbour Lights from $700 to $650, I don’t think the inquiries will pick up. Cairns Property Office principal Julie Johnston said a certain interstate and international demographic was required to occupy the majority of the city’s furnished apartments, like the ones at Harbour Lights.“We just don’t have the people in the city at the moment that would occupy these units.”Ms Johnston said the fallout of the saturated furnished-unit market would likely be an increase in listings for sale.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“We’ve got the hardcore investors, who know they have to wait sometimes 10 years (for a return on investment),” she said. “But there are the default investors, who perhaps had to move away and were unable to sell. Maybe they couldn’t get the right price at the time and they’ve put it up for rent. “They’re not too interested in investing, they’re not getting the returns right now and they don’t want the headaches. So I think by September, we might see some value for units.” “The No. 1 thing for applicants is to make sure they’ve filled out the entire form and filled it correctly,” Ms Johnston said. “If we have to go chasing information, that’s not a good sign on what sort of tenant they might be. They could even miss out if there’s a number of applications, and theirs is incomplete. “We see this too often, and filling it out correctly is 90 per cent of a good application. “For those who don’t have a rental history, everyone has to start somewhere. Make sure you’ve got an extra reference, or maybe your parents could be guarantors. “You could also offer some additional money upfront or instead of your first inspection at 13 weeks, offer to be inspected at four weeks. “For landlords, good communication, honesty and transparency. Once you’ve got a good tenant in, you can’t just be happy to collect rent – make sure you’re putting aside money for maintenance and be efficient when it comes to renewing – or you might lose your tenants.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:21Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:21 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 Rate1xFullscreenHow to buy your first home01:21The impact of the border closure is being felt by property investors in the city’s central and fringe suburbs as rental listings from as early as March remain unoccupied. Cairns’ latest market vacancy rate was reported at 2.8 per cent at the end of April, but that number does not accurately paint the picture for investors with empty units in the CBD, Cairns North and nearby suburbs. Cairns Property Shop principal Julie Johnston said the central suburbs were hit hardest, as rental inquiries had dried up since late March. Cairns Property Shop principal Julie Johnston said investors with furnished units were among the hardest hit in the Cairns real estate landscape due to the border closure. PICTURE: JUSTIN BRIERTYShe said June was looking the “most normal” in terms of rental activity due to interest in houses in northern and southern suburbs, but she couldn’t see rental activity for central areas returning to normal until borders reopened. “A normal month for us was signing a lease per day,” Ms Johnston said. “We’re up to about 19 this month, a lot in Smithfield where we’ve had properties go in 24 hours, but April and May were about 20 leases and the gap was probably those furnished units in the city and on the fringe. “Those units are typically very appealing to interstate and international workers looking for something short-term and they don’t want to buy their own furniture.” center_img JULIE JOHNSTON’S RENTAL TIPS FOR APPLICANTS AND LANDLORDS last_img read more

Monk eyeing further progress

first_img Monk has managed to keep key players like skipper Ashley Williams, striker Bafetimbi Gomis and goalkeeper Lukasz Fabianski, the latter signing a new four-year deal on Thursday amid reported interest from Serie A giants Roma. He also did his summer transfer business early with international forwards Andre Ayew and Eder, France Under-21 defender Franck Tabanou and Sweden goalkeeper Kristoffer Nordfeldt integrated into the Swansea squad at the start of pre-season. “We’ve had good preparation time with the group, they’ve put a lot of hard work in on both the physical and football side of things,” Monk said. “The group were together very early and the new signings were here early as part of our plan. “It’s an advantage because we’ve had five or six weeks with the whole group while other clubs are still looking to bring in players. “We got to a good level last year with the expectations of how I want them to work but now it’s about improving tactically, physically, technically – and that’s what we’ve been working on. “We have sat down and shown them how much they have improved and how much they can improve. “We have showcased situations on the pitch when it’s been negative and they’ve not dealt with it properly, then – after work with them to put it right – how they dealt with it properly and how it becomes second nature. “That’s how we are trying to improve, how to attack stronger and quicker, keep the ball better, how we defend certain areas of the pitch.” Monk has had no joy against Chelsea manager Jose Mourinho in the past, losing every one of their three previous meetings with the most recent being a 5-0 thrashing at the Liberty Stadium in January. “We conceded nine against them last year, which wasn’t good enough at all,” Monk said. “There weren’t many times I could say I was gutted with a performance but the one at home was one of them. “But Jose is tactically one of the best managers in the league. “He’s very clever in his approach, his team is so adaptable in playing different ways and brilliant to watch. “They’ve set the standard for everyone and when I come up against Jose I know I’m in for an interesting afternoon.” Monk has valid reason to curse his side’s start away to champions Chelsea on Saturday evening – “I don’t think the fixture computer likes us very much,” – as 12 months ago Swansea started their campaign at Manchester United. But Swansea spoiled Louis van Gaal’s Old Trafford bow that day by winning 2-1 and, while many observers feel Monk has his work cut out to repeat last term’s eighth-placed finish and 56-point haul, the 36-year-old feels the current squad is in a healthy place. Press Association Garry Monk feels Swansea are in good shape to build on last season’s best Premier League finish and record points total.last_img read more

Abbott’s 17-wicket haul dents Somerset title hopes

first_img(REUTERS) – Hampshire fast bowler Kyle Abbott picked up 17 wickets in a County Championship Division One match to help his side beat title-chasing Somerset by 136 runs yesterday.South African Abbott took 9-40 and 8-46 to finish with 17-86 – the best figures in first-class cricket since England’s Jim Laker picked up all 10 wickets in an innings and match figures of 19-90 against Australia in Manchester in 1956.Abbott’s were the fourth-best bowling figures in County Championship history and dented Somerset’s hopes of winning the title with one match left in the season.“It hasn’t quite sunk in. It is pretty incredible. Yesterday I didn’t think I’d take nine and I didn’t think I’d take eight today,” said the 32-year-old Abbott whose last Test appearance for South Africa was in 2017. “I reckon that is the best I can bowl.”Somerset dropped to second while Essex moved atop the standings after beating Surrey by an innings and 40 runs.Somerset are 12 points behind Essex and the teams play each other in the last match of the championship, where at least 16 points are up for grabs, starting on Monday at Taunton.Best match figures in Championship17-48 C. Blythe, Kent v Northamptonshire 190717-56 C. Parker, Gloucestershire v Essex 192517-67 A. Freeman, Kent v Sussex 192217-86 K. Abbott, Hampshire v Somerset 201917-89 WG Grace, Gloucestershire v Nottinghamshire 187717-89 F Matthews, Nottinghamshire v Northamptonshire 1923last_img read more

Pittsburgh moves on without injured reserve Johnson, freshmen expected to fill void

first_img Published on January 17, 2014 at 4:56 am Contact Trevor: [email protected] | @TrevorHass When Pittsburgh takes on Syracuse in the Carrier Dome on Saturday, it will do so without one of its best shooters.Redshirt sophomore forward Durand Johnson is out for the remainder of the season after tearing his ACL. The No. 22 Panthers (16-1, 4-0 Atlantic Coast) will have a chance to knock off No. 2 Syracuse (17-0, 4-0) on Saturday, but will have to do so without Johnson’s long-range shot. “He’ll be out for the year,” said Pittsburgh head coach Jamie Dixon during the ACC coaches’ teleconference on Monday, “but I expect him to be back here down the road next year, working hard as always and getting better, like he did this year and throughout his career.”Before his injury, Johnson was averaging 8.8 points and three rebounds off the bench this season. Pitt will need increased contributions from its four freshmen — Jamel Artis, Chris Jones, Josh Newkirk and Michael Young — who are averaging a combined 16.8 points per game.In Johnson’s two games before the injury, he scored 17 and 11 points on 7-of-11 combined shooting. Against Maryland on Jan. 6, he hit 3-of-4 3-pointers and shot 6-of-8 overall.AdvertisementThis is placeholder textDespite the significant loss and the inexperience of those filling Johnson’s place, Dixon said his freshmen don’t need to change what they’re doing or try to do too much. He added that the only thing they need to do differently is play with more passion. “No one’s going to reinvent themselves at this point,” Dixon said. Along with his 3-point shooting, Johnson’s vocal leadership will be missed, Dixon said. He’s a positive talker on the bench, and Dixon said his teammates feed off that energy. While Johnson’s on the bench, though, Dixon expects more of the same. Even though he won’t be playing or practicing, he’ll still contribute off the court.“I think Durand and his personality are a big part of our team,” Dixon said, “as well as his basketball attributes.”As Boston College proved on Monday, one of the most lethal ways to contend with Syracuse is via the 3-point shot. The Eagles hit 9-of-21 3s, including six from Lonnie Jackson, and nearly staged the upset. Pitt will try to complete the task without one of its outside weapons.“It’s tough,” Dixon said. Comments Facebook Twitter Google+last_img read more