Australia: UTAS's growing Hobart CBD property portfolio under fire after Forestry building price revealed - PressFrom - Australia
  •   
  •   

AustraliaUTAS's growing Hobart CBD property portfolio under fire after Forestry building price revealed

11:25  12 february  2019
11:25  12 february  2019 Source:   abc.net.au

Former golden swimming couple Emily Seebohm and Mitch Larkin put their stunning home on the market as they start dividing their property portfolio after their bitter split

Former golden swimming couple Emily Seebohm and Mitch Larkin put their stunning home on the market as they start dividing their property portfolio after their bitter split The professional swimmers, who parted ways in July last year amid a media frenzy, have put a modest three-bedroom brick home,in the Brisbane suburb of Hendra, back on the market. The pair own a total of three homes in the outer Brisbane area, with only one being jointly owned and the other two being in Larkin's and Seebohm's names separately. The first property up for sale was purchased by 26-year-old Seebohm almost seven-years ago for around half a million dollars, and she has since rented the residence out for just $620 a week.

Building is a gameplay aspect that allows the player to construct objects such as fires and shelters using accessible materials. Various damaged buildings can be fixed using sap or the Repair Tool once they have crafted it.

Your portfolio can also include your buying philosophy and testimonials from other lenders you’ve worked with — similar to a private money credibility packet — when seeking financing, When building a real estate portfolio from scratch, investors need to pay special attention to the following aspects

UTAS's growing Hobart CBD property portfolio under fire after Forestry building price revealed© Provided by ABC News The university does not have to pay rates on the new building.

The University of Tasmania has paid almost three times the estimated value of the former Forestry Tasmania building on Melville Street as part of its expanding Hobart CBD property portfolio.

The purchase — alongside recent city accommodation acquisitions of the Fountainside Hotel, MidCity Hotel and land in Melville Street — has stakeholders worried that the Hobart City Council is losing out on significant rates revenue.

According to a property report for the Forestry Tasmania building, the university paid $15 million for it late last year, after Tasmania Police dropped plans to establish a new headquarters at the site.

Hobart property prices take 'seasonal' dip as regional prices continue to gather pace

Hobart property prices take 'seasonal' dip as regional prices continue to gather pace House prices in Tasmania's capital city have fallen for the first time in years, as prices across other parts of the state continue to boom.

The successful planting of forests is influenced by several factors such as type of planting stock, planting method, time of planting, plant handling. They are stored on site under shade to keep them cool until ready to be planted. Care is required in handling plants at all stages of transport and

Where will our property markets be in 3 years? Australian property market outlook: Sydney, Melbourne, Brisbane, Perth, Adelaide house prices forecast. We are now seeing the predicted softening in both the Sydney and Melbourne markets after many years of strong growth.

The property was valued at $5.7 million in 2018, with the majority of the building having been internally demolished.

It was previously valued at $12 million in 2016.

The university has not said what it plans to use the building for, but said the purchase was "financially prudent" because it is deciding whether to centre the campus in the CBD or to continue facilities elsewhere in Hobart and in Sandy Bay.

"Should we wait until a decision is made, the university would be forced into a position of navigating a shift into the CBD in an overheated commercial property market," a spokesman said.

Melbourne high-rise at centre of apartment cladding fire deemed 'moderate risk' in audit

Melbourne high-rise at centre of apartment cladding fire deemed 'moderate risk' in audit A Melbourne CBD apartment building with combustible cladding that caught fire this week had been assessed as a "moderate risk" by the Victorian Cladding Taskforce, the Government reveals, as national ministers meet to consider calls for a ban on the potentially dangerous building product.

Whether you’re building an app for a small business or a large enterprise, BuildFire has a plan for you. You can definitely have multiple apps under one account, however, each app will require its own subscription to be submitted to the App Store and Google Play and to function properly.

A handful of large landlords control the supply (in Singapore’ s CBD , the 15 largest landlords control 75 percent of Grade A office buildings ; in Hong Kong East, three landlords run 80 percent of office buildings ), entering the flex-space market themselves.

"It was financially prudent to purchase the property at 79 Melville Street when it became available."

The university also took possession of the Fountainside Hotel this week, but has not said how much it paid for that site.

Worries over rates revenue

Real Estate Institute of Tasmania president Tony Collidge said he was concerned the university's rapidly increasing property portfolio could put pressure on Hobart's ratepayers, who will have to shoulder an additional rates burden.

The university is entitled to an exemption from paying general rates for properties used for educational purposes, which includes student accommodation.

"We can't go and give them half of town or a third of town, and then all of a sudden expect everybody else to have to pay the rates to support the services that they've been provided with," he said.

"That's not fair, it's not Australian, and it's not right.

Australian building approvals tank again

Australian building approvals tank again Australian building approvals tanked again in December, amplifying already growing concerns about the outlook for the economy. Australian building approvals tanked again in December, amplifying already growing concerns abou According to the Australian Bureau of Statistics (ABS), total approvals slumped by 8.4% to 13,995 after seasonal adjustments, leaving the decline from 12 months earlier at an ugly 22.5%. Not since June 2013 have total approvals been this low.

Washington State University . Forest management advice: Assistance in identifying the best management options that will meet the objectives of the landowner, while following the forest practice laws.

GWD Forestry offers forestry investment opportunities that enable clients to diversify their investment portfolio . See your wealth grow with a green investment by getting in Sustainable forestry and timberland is confirmed as the number 1 performing asset class and has been for the past 30 years.

"If [the university] is not paying rates then that puts an extra burden on the retailers and the other property owners in the city precinct in the Hobart municipality.

"They should be treated like any other ratepayer."

Mr Collidge said the university appeared to have paid a "reasonable" amount for the Forestry building, because significant parcels of land in the city often had a premium attached.

Robert Mallett from the Small Business Council said the university-owned land was prime rate-earning property, and commercial properties such as hotels helped ensure Hobart could afford services such as roads and lighting.

"Hobart ratepayers should be completely incensed that these large commercial properties are being used for nothing more or less than student accommodation because, other than water and rubbish, they attract no rates whatsoever," Mr Mallett said.

"So those institutions are being funded by the Hobart businesses and the residential ratepayers.

"In Hobart, 60 per cent of the rates are paid by 40 per cent of the people, that's the commercial sector. The remainder is paid by the residential sector.

"By closing out these commercial properties, it's going to put an awful lot of pressure on residences in Hobart."

Hobart alderman Jeff Briscoe also said he was worried the burden of foregone rates revenue would fall on other ratepayers.

A university spokesman said the institution contributed in other ways.

"As a provider of higher education, the University of Tasmania is exempt from general rates and federal taxes, but provides significant economic impact through our teaching and research, along with key economic sectors such as tourism, hospitality and construction," he said.

Residents of Spencer Street tower that caught fire will be locked out for days.
Residents left stranded after a fire tore through an apartment block in Melbourne's CBD on Monday face further delays with no indication of when they will able to re-enter the building.

—   Share news in the SOC. Networks
This is interesting!