Apartment glut starts to hit home

first_img805/43 Ferry Road, West End, on the market in Pradella’s Breeze for $988,000. Brisbane’s skyline has changed in the past two years.Mr Pradella had told the Brisbane City Council CEO that “due to current residential market conditions the construction of the final stage is yet to commence … Accordingly we are seeking an extension to the currency period of 48 months until 24 December 2022 and a permissible change to amend the completion date for the development.” Mr Fry said “I wrote a letter to Kim Pradella personally and they took 13 weeks to reply. Now I will be paying rent for another few years. It’s really disappointing, especially the lack of communication. It’s the first time I’ve ever bought a unit, I’m 60 years of age. This is very poor form from a company that raves about how good they are.”Neither Mr Pradella nor his marketer Peter Robertson from Position Property would comment on what buyers were being told. Development manager Brett Lentz said in an emailed response to queries that “construction is scheduled to commence in the first quarter 2018 completing in the second half of 2019”.A Brisbane City Council spokesman said approval period extensions were “allowable under State Government planning law” and take into account changes that have occurred since the original application.“The extension to the approval period that Council grants can vary, although are generally for between one and four years,” he said. “There is no provision under State Government planning law for parties to notify future buyers about changes to development approvals.” FOLLOW SOPHIE FOSTER ON FACEBOOK FREE: GET THE COURIER-MAIL’S REALESTATE NEWS DIRECT TO INBOX Buyer Stephen Fry at the site of Pradella’s empty Breeze site. Picture: Adam HeadHUNDREDS of buyers could have as much as a four-year wait for their new apartments, and some residential projects may not go ahead at all as Brisbane’s unit market begins to bite.Already one of Queensland’s richest developer family firms Pradella has postponed a major apartment project, after asking for a four-year extension from Brisbane City Council. The state government opened the door to developers postponing projects by as much as four years after it amended existing land laws to permit the hefty extensions.Latest industry reports estimate it will take more than two years for developers to sell off apartments that are currently on the market in inner Brisbane, with 45 per cent of projects in the development pipeline also on hold.With sales volumes dropping off a cliff, buyers who’ve already paid deposits — like Stephen Fry in Pradella’s Breeze — have been left in the lurch. Mr Fry struggled to get answers from Pradella and its marketers Position Property for the better part of this year as to why the site was still bare earth.“I certainly wouldn’t have bought there if I knew there was any sort of hint that they wouldn’t build in time,” he said. “I went out and bought furniture thinking I’d be moving in November.”He was shocked when shown a document signed by Pradella head Kim Pradella asking for a four-year extension in April this year — which council granted. More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoPradella’s new date to begin Breeze construction is January 2018.last_img read more

U.S. reach World Cup final with dramatic win over England

first_imgBy Simon EvansLYON, France (Reuters) – Defending champions United States reached the women’s World Cup final for the fifth time after an incident-packed 2-1 win over England, who missed a late penalty, yesterday.In a tournament that has earned unprecedented attention, the much-anticipated game certainly delivered with an abundance of excitement and relentless effort, topped by moments of wonderful skill.It was business as usual for the three-time World Cup winners but for England there was agony as skipper Steph Houghton missed an 84th-minute penalty that could have pushed the game into extra time.After a powerful start from the Americans, Christen Press, replacing the absent Megan Rapinoe, opened the scoring in the 10th minute with a fine header but the Lionesses fought back, levelling nine minutes later with Ellen White’s sixth goal of the tournament.The U.S. restored their advantage in the 31st minute through Alex Morgan’s header from Lindsey Horan’s perfectly floated ball – a goal which Morgan, on her 30th birthday, celebrated with a mocking ‘sip of tea’ gesture.England thought they had levelled in the 69th minute, through another excellent White finish, but the goal was ruled out for offside by VAR video review.VAR did provide England with a lifeline though, a penalty awarded for a foul on White, but Houghton’s soft spot kick was saved by Alyssa Naeher.England had defender Millie Bright sent off for a second booking three minutes from the end.The drama on a remarkable night began before the game when the team-sheets showed that Rapinoe, who had scored four goals in the last two games, had been left on the bench, most likely with an injury although the absence was not explained by U.S. team officials.There was an unwelcome surprise for England too with goalkeeper Karen Bardsley missing out with a hamstring injury and Carly Telford drafted in.As so often, the Americans were fast out of the traps and launched a wave of early attacks and high pressing which England’s defence struggled to cope with.Telford was called into early action to parry a fierce shot from Rose Lavelle after the midfielder had slipped the ball through the legs of Bright and, luckily for the Lionesses, Morgan blasted the loose ball over the bar.The early lead the defending champions had threatened came in the 10th minute when Kelley O’Hara whipped in a cross from the right and Press lost her marker Lucy Bronze and headed firmly past Telford.With the U.S. fully exploiting the space they were given in midfield, England were in danger of letting the game slip out of their control but against the run of play they levelled in superb style.Keira Walsh’s sweeping cross-field pass found Beth Mead on the left and her ball inside was met first time by White, who lifted a side-foot shot in off the far post.The Lionesses were back in the game but they soon needed Telford again to keep out a fierce snap-shot from the excellent Lavelle.But the quality of the Americans in the final third was displayed in perfect fashion when Press collected a ball from deep on the left flank and fed Horan, whose delightful lofted pass was met by Morgan with a pinpoint header that flashed past Telford.Walsh forced Naeher into a full-stretch save with a powerful strike from 20 metres out but England needed the tactical adjustments that coach Phil Neville made at the break.The improved approach looked to have paid dividends when Jill Scott’s defence-splitting through ball was slotted home by White but to the agony of the Lionesses the VAR signal was made and the review showed the England striker offside by the tightest of margins.The next time the signal was made for review, it was after White went down in the area under challenge from Becky Sauerbrunn and after some delay the Brazilian referee pointed to the spot.But Houghton, so dependable in so many ways for England, let the nerves get to her and a soft kick was easily saved by Naeher.It was the killer blow for England and a major let-off for the Americans. When Bright was dismissed any chance of a late upset went with her.last_img read more

Angels’ Mike Trout begins march toward another All-Star Game

first_imgShohei Ohtani, who is on the ballot as a designated hitter, is in third place. Although Ohtani is now almost certainly unable to play because of a grade 2 sprain of his ulnar collateral ligament, there was some speculation that he could be voted into the game anyway because of his popularity and support from Japan.Online voting continues through July 5. All-Star rosters are typically announced two Sundays before the game, which would be July 8, although the announcement is not set this year.Sign up for Home Turf and get 3 exclusive stories every SoCal sports fan must read, sent daily. Subscribe here. Newsroom GuidelinesNews TipsContact UsReport an Error SEATTLE — Mike Trout, who has been selected to the All-Star Game in all six of his previous full seasons, is second in voting among American League outfielders, according to the first results, which were released on Tuesday.Trout has 639,822 votes, which is second to Mookie Betts (748,872). Aaron Judge is third, with the top three vote-getters starting the game, which will be July 17 in Washington.Trout is hitting .304 with 21 homers and a 1.094 OPS. He leads the majors with a WAR of 5.2, according to FanGraphs, which has him on pace for one of the best seasons in major league history. Trout has played in five All-Star Games and won the game’s MVP twice. He was selected for the team last year but missed the game with a thumb injury.First baseman Albert Pujols (fourth), shortstop Andrelton Simmons (fifth) and catcher Martín Maldonado (fifth) were also among the top five at their positions. Simmons is currently out with a sprained ankle, but he is expected back by the All-Star Game.last_img read more