Investors keen on northern suburbs despite lack of stock in area

first_imgMore from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019One of the rooms inside 281 Kitchener Road, Stafford Heights.He said investors and first homebuyers were keen on purchasing properties in the area.“I’ve had multiple offers on nearly every property,” he said.“There is a lack of stock. I am getting calls from 120 to 130 buyers every month wanting to buy. It’s about competition all the time.”Mr Jessup said investors from Melbourne and Sydney were looking for properties up to $600,000, within 10km from the city.He said the drawcard to the Kitchener Rd home, on a 597sq m block, was that it was a solid double brick home needing some updating. “There’s just nothing under $500,000 around here, that’s why it went,” he said. 281 Kitchener Road, Stafford Heights.A Stafford Heights property has proved extremely popular with buyers keen on a double brick home which sold for $479,000. Selling agent Jonathan Jessup from Johnson Real Estate Chermside said the three-bedroom and one-bathroom residence at 281 Kitchener Rd was bought by a single man last Wednesday.“It sold over the asking price, and I had about three to four offers on the property,” he said. “I’ve just sold 19 houses this year in and around the northern suburbs.”last_img read more

PIL Terminates Vessel Calls to Iran due to US Sanctions

first_imgSingapore shipping company Pacific International Lines (PIL) has ceased acceptance of cargoes in and out of Iran.What is more, the shipping company has terminated all calls to Iran.“This is in conjunction with President Donald J. Trump’s announcement on May 8, 2018, to cease the United States’ participation in the Joint Comprehensive Plan of Action (JCPOA) and to reimpose all sanctions lifted or waived in connection with the JCPOA,” PIL said in a statement.Earlier this year, the US Government announced plans to reimpose sanctions on Iran’s port operators as well as shipping and shipbuilding sectors, in line with the decision of the country’s president to withdraw from the Iran Nuclear Deal.Companies that trade in US dollars or have operations there cannot afford themselves to lose a share of the US market, hence, they are likely to end their ties to Iran.PIL’s decision comes after some other shipping majors such as Maersk Line, MSC and CMA CGM started pulling out from Iran.last_img read more