Subdivision Tips, South Australia (C: +61431138537), https://www.facebook.com/RealEstateSA5000/

Monday, August 29, 2016

Seaford Meadows: SA Housing Trust puts 42ha greenfield site on the market

Source: @MichaelBleby reports. #ausproperty afr.com/real-estate/co… 5:14 PM - 29 Aug 2016 https://t.co/c0QC77ybdE http://www.afr.com/real-estate/commercial/sales/sa-housing-trust-puts-42hectare-greenfield-seaford-meadows-site-on-the-market-20160829-gr3qix#ixzz4Iiu3yfZP SA Housing Trust puts 42-hectare greenfield Seaford Meadows site on the market The South Australian Housing Trust has put up for sale a 42-hectare site at Seaford Meadows, south of Adelaide, with the capacity for about 750 new homes. To know further details call: +61 431138537 ==========

A commodity economy with record-breaking property prices, fuelled by ultra-low interest rates and Chinese buyers, raises taxes on foreign homebuyers.

While the scenario is eerily similar to Australia, it is actually Canada and early signs are the property market is rapidly cooling.

The unravelling could offer insight for Australians contemplating the state of the expensive local real estate market.

A record one in five Canadians expect house prices to fall, according to the weekly Bloomberg Nanos Canadian Confidence Index.

The new Sea to Sky Gondola near Squamish, about 60km, north of Vancouver has drawn increasingly more visitors to the Sea to Sky Corridor, driving home prices higher here.

The number of property price pessimists has nearly doubled since a 15 per cent foreign buyer tax on Vancouver homes took effect on August 2. In the first two weeks since the tax came into effect, home sales fell 51 per cent in the metropolitan area, the Real Estate Board of Greater Vancouver said.

Nanos Research chairman Nik Nanos told The Australian Financial Review that real estate was the "canary in the mine" for the Canadian economy and the foreign acquirer tax has had an immediate "chill" effect on confidence.

"If we see a significant slide in confidence in real estate there will be an immediate negative knock-on effect on the Canadian economy because right now there is no energy [oil] economy to fall back on," he said.

The price of Canada's biggest export, oil, has crashed over the past two years, much like iron ore and coal prices in Australia.

Price surge

Like Sydney and Melbourne, real estate prices in Canada's most-liveable cities have surged in recent years.

A combination of low borrowing costs, strong demand, limited housing supply because of red tape and, anecdotally, foreign buyers mainly from China seeking to park their money in perceived safe havens offshore, pushed up values.

Vancouver house prices soared 30 per cent in the year ended May 31, and prices shot up 15 per cent in Canada's biggest city of Toronto. The median price for detached houses in Vancouver jumped to $C1.6 million.

The foreign buyer tax, introduced after a flurry of Chinese buyers were accused of pushing up prices beyond affordable for everyday Canadians, is sharply higher than similar taxes recently increased by NSW, Victoria and Queensland.

The Baird government in June announced a 4 per cent stamp duty surcharge for foreign buyers in NSW, adding $40,000 to the cost of a $1 million property and taking the total stamp duty to $80,490.

Victoria in May more than doubled the surcharge for foreign buyers to 7 per cent, while Queensland will charge 3 per cent from October.

Unsustainable expectations

To be sure, Canadian house prices have not fallen yet. About 41 per cent of those surveyed said they see home prices rising and 36 per cent believe there will be little change in values.

The market is cooling in the previously red hot area of Vancouver, even before the new property transfer charge for foreigners was unveiled.

Like Australia, the International Monetary Fund has pointed to financial risks associated with Canada's hot housing market.

Echoing Reserve Bank of Australia governor Glenn Stevens, Bank of Canada governor Stephen Poloz recently warned that prospective homebuyers should not expect the recent price surge to repeat.

"If prices are going up because people expect prices to go up, then that, of course, is probably unsustainable," Mr Poloz said in June.

He did not say what would happen if people expected prices to fall.

Sentiment can be a key driver of asset values.

Whether the rising Canadian pessimism on housing transmits to actual price declines remains to be seen.

For property-obsessed Australia, Canada could be a handy barometer to see if the market will finally be tipped over the edge.

================================================= "The South Australian Housing Trust has put up for sale a 42-hectare site at Seaford Meadows, south of Adelaide, with the capacity for about 750 new homes." SA Housing Trust puts 42-hectare greenfield Seaford Meadows site on the market " The South Australian Housing Trust has put up for sale a 42-hectare site at Seaford Meadows, south of Adelaide, with the capacity for about 750 new homes. A condition of the sale of the Seaford Meadows site was that at least 90 new social housing dwellings would be built as ...part of any development. SA Housing Trust puts 42-hectare greenfield Seaford Meadows site on the market | afr.com

The South Australian Housing Trust has put up for sale a 42-hectare site at Seaford Meadows, south of Adelaide, with the capacity for about 750 new homes.

A condition of the sale, which market sources said could be worth between $25 million and $30 million, was that at least 90 new social housing dwellings would be built as part of any development and a minimum of 15 per cent of homes would be provided as affordable housing.

"We are seeking an experienced developer to deliver a high-quality master planned development featuring a diversity of quality housing and new public infrastructure," said Michael Buchan, the general manager for property development at state government development organisation Renewal SA.

"We are seeking innovative ideas from the industry and not-for-profit sector for the best way to achieve new social housing and affordable housing as well as providing an economic stimulus for the state."

The sale is part of the state government's Renewing Our Streets and Suburbs initiative to replace outdated Housing Trust homes in areas with traditionally high concentrations of public housing, with new homes in sought-after suburbs, locating people closer to services such as transport and schools.

The sale is part of the state government's Renewing Our Streets and Suburbs initiative to replace outdated Housing Trust homes in areas with traditionally high concentrations of public housing, with new homes in sought-after suburbs, locating people closer to services such as transport and schools.

The site, being marketed through McGees Property, is vacant and has historically been used for farming. The successful proponent will be required to prepare a master plan for the site, located between the southern coastline and McLaren Vale wine region, in consultation with Renewal SA and the City of Onkaparinga.

"The 42-hectare site is one of the largest residential sites to be offered to the open market in recent times and is one of few remaining opportunities in the highly sought southern Adelaide region," McGees Property director James Juers said. "It is a prime site and the area includes schools, libraries, community centres, open spaces and shopping centres."

Expressions of interest close 13 October 2016.


Seaford Meadows: SA Housing Trust puts 42ha greenfield site on the market

Source: @MichaelBleby reports. #ausproperty afr.com/real-estate/co… 5:14 PM - 29 Aug 2016 https://t.co/c0QC77ybdE http://www.afr.com/real-estate/commercial/sales/sa-housing-trust-puts-42hectare-greenfield-seaford-meadows-site-on-the-market-20160829-gr3qix#ixzz4Iiu3yfZP SA Housing Trust puts 42-hectare greenfield Seaford Meadows site on the market The South Australian Housing Trust has put up for sale a 42-hectare site at Seaford Meadows, south of Adelaide, with the capacity for about 750 new homes. To know further details call: +61 431138537

Iraqi government, Kurds to start talks about oil dispute: Iraqi spokesman

Mon Aug 29, 2016 7:40am EDT Boys sit on the Iraqi-Turkish pipeline in Zakho district of the Dohuk Governorate of the Iraqi Kurdistan province, Iraq, August 28, 2016. REUTERS/Ari Jalal Boys sit on the Iraqi-Turkish pipeline in Zakho district of the Dohuk Governorate of the Iraqi Kurdistan province, Iraq, August 28, 2016. REUTERS/Ari Jalal The Iraqi government and the Kurdish regional authorities in northern Iraq will discuss a dispute on oil revenue sharing during bilateral talks on Monday, a government spokesman said. The oil issue will be among the topics to be discussed in Baghdad by Prime Minister Haider al-Abadi and Nechirvan Barzani, the prime minister of the Kurdistan Regional Government. Iraq's oil ministry said on Friday it would consider selling crude through Iran should talks with the autonomous Kurdish region about oil exported through Turkey fail. (Reporting by Saif Hameed; Writing by Maher Chmaytelli; Editing by Susan Fenton)

Turkish army thrusts deeper into Syria, monitor says 35 villagers killed

Mon Aug 29, 2016 | 3:11 AM EDT Turkish army thrusts deeper into Syria, monitor says 35 villagers killed Turkey's militant pursuit will be unrelenting: Erdogan Turkish army thrusts deeper into Syria, monitor.. By Umit Bektas | KARKAMIS, Turkey (Reuters) - Turkey's army and its allies thrust deeper into Syria on Sunday, seizing territory controlled by Kurdish-aligned forces on the fifth day of a cross-border campaign that a monitoring group said had killed at least 35 villagers. Turkish warplanes roared into northern Syria at daybreak and artillery pounded what security sources said were sites held by the Kurdish YPG militia, after the Syrian Observatory for Human Rights reported fierce overnight fighting around two villages. Turkey said 25 Kurdish militants were killed in its air strikes and denied there were civilian casualties. There was no immediate comment from the YPG, but forces aligned with the group have said it had withdrawn from the area prior to the assault. Turkey, which is also battling Kurdish insurgents at home, sent tanks and troops into Syria on Wednesday to support its Syrian rebel allies. The Turkish-backed forces first seized the Syrian border town of Jarablus from Islamic State militants before pushing south into areas held by Kurdish-aligned militias. They have also moved west towards Islamic State areas. Turkish officials say their goal in Syria is as much about ensuring Kurdish forces do not expand the territory they already control along Turkey's border as it is about driving Islamic State from its strongholds. However, the Turkish offensive has so far focused on forces allied to the Kurdish-backed Syrian Democratic Forces (SDF), a coalition that includes the YPG, an Observatory source said. The SDF has support from the United States -- which sees the group as an effective Syrian ally against Islamic State, putting Turkey at odds with a fellow NATO member and further complicating Syria's five-year-old civil war. The conflict began as an uprising against Syrian President Bashar al-Assad and has since drawn in regional states and world powers. CIVILIANS KILLED, SCORES WOUNDED The Observatory, a Britain-based monitoring group with a network of sources in Syria, said Turkish-allied forces had seized at least two villages south of Jarablus, Jub al-Kousa and al-Amarna, that were held by militias loyal to the SDF. The fighting killed 20 civilians in Jub al-Kousa and 15 in al-Amarna, while scores more were wounded, the group said. Turkish-backed rebels said they had seized a string of villages south of Jarablus controlled by SDF-aligned forces and had moved west to take several villages held by Islamic State. People wave national flags as they wait for Turkey's President Tayyip Erdogan arrival to the United Solidarity and Brotherhood rally in Gaziantep, Turkey, August 28, 2016. REUTERS/Umit Bektas People wave national flags as they wait for Turkey's President Tayyip Erdogan arrival to the United Solidarity and Brotherhood rally in Gaziantep, Turkey, August 28, 2016. Reuters/Umit Bektas Turkish armoured personnel carriers drive towards the border in Karkamis on the Turkish-Syrian border in the southeastern Gaziantep province, Turkey, August 27, 2016. REUTERS/Umit Bektas Turkish armoured personnel carriers drive towards the border in Karkamis on the Turkish-Syrian border in the southeastern Gaziantep province, Turkey, August 27, 2016. Reuters/Umit Bektas Turkey's President Tayyip Erdogan speaks during the United Solidarity and Brotherhood rally in Gaziantep, Turkey, August 28, 2016. REUTERS/Umit Bektas Turkey's President Tayyip Erdogan speaks during the United Solidarity and Brotherhood rally in Gaziantep, Turkey, August 28, 2016. Reuters/Umit Bektas Turkey's President Tayyip Erdogan greets people at the United Solidarity and Brotherhood rally in Gaziantep, Turkey, August 28, 2016. REUTERS/Umit Bektas Turkey's President Tayyip Erdogan greets people at the United Solidarity and Brotherhood rally in Gaziantep, Turkey, August 28, 2016. Reuters/Umit Bektas People wave national flags as they wait for Turkey's President Tayyip Erdogan arrival to the United Solidarity and Brotherhood rally in Gaziantep, Turkey, August 28, 2016. REUTERS/Umit Bektas People wave national flags as they wait for Turkey's President Tayyip Erdogan arrival to the United Solidarity and Brotherhood rally in Gaziantep, Turkey, August 28, 2016. Reuters/Umit Bektas Turkish armoured personnel carriers drive towards the border in Karkamis on the Turkish-Syrian border in the southeastern Gaziantep province, Turkey, August 27, 2016. REUTERS/Umit Bektas Turkish armoured personnel carriers drive towards the border in Karkamis on the Turkish-Syrian border in the southeastern Gaziantep province, Turkey, August 27, 2016. Reuters/Umit Bektas › Turkish security sources said warplanes and artillery had hit YPG sites south of Jarablus and towards Manbij, a city captured by the SDF this month in a U.S.-backed operation. Colonel Ahmed Osman, head of the Turkish-aligned Sultan Murad rebel group, told Reuters the force was "certainly heading in the direction of Manbij" and hoped to take it. Ankara wants to stop Kurdish forces gaining control of an unbroken swathe of Syrian territory on Turkey's frontier, which it fears could embolden the Kurdish PKK militant group that has waged a three-decade insurgency in Turkey. A Reuters witness in Karkamis, a Turkish border town, heard jets and artillery strike within Syria. A Turkish official told Reuters heavier air strikes could come in the hours ahead. Kurdish official tells al-Mayadeen: Kurdish forces refused request by US to go towards Raqqa pic.twitter.com/bBixmqwwnt Related Coverage Syrian-Kurdish YPG fighters reinforcing Syria's Manbij: security sources Turkey's pursuit of militants will be unrelenting: president Turkish air strikes in Syria kill 25 Kurdish militants, says military Turkey-backed Syrian rebels aim for Manbij city, commander says Slideshow Turkish armoured personnel carriers drive towards the border in Karkamis on the Turkish-Syrian border VideoTurkey ratchets up Syria offensive on border Turkey said one of its soldiers was killed on Saturday when a rocket that it said came from a YPG-controlled area hit a tank. It was the first Turkish death reported in the campaign. Turkey has suffered shock waves from the conflict raging in its southern neighbor, including bombings by Islamic State. The government suspects the jihadist group was behind a blast at a wedding this month that killed 54 people in southeastern Turkey. President Tayyip Erdogan struck a defiant note during a visit to the site of the wedding attack. "Our operations against terrorist organizations will continue until the end," he told a rally of thousands of supporters on Sunday. (Additional reporting by Ece Toksabay and Orhan Coskun in Ankara, Tom Perry and Suleiman Al-Khalidi in Beirut; Writing by Edmund Blair; Editing by Andrew Bolton)

China oil giant Sinopec net profit dives over 20%

29 August 2016 - 06H05 © AFP | Chinese oil giant Sinopec, Asia's biggest refiner, saw its first half net profits drop 21.6 percent, hit by low oil prices SHANGHAI (AFP) - Chinese oil giant Sinopec, Asia's biggest refiner, saw its first half net profits drop 21.6 percent, it said, hit by low oil prices. The company made 19.92 billion yuan ($2.98 billion) in the January to June period, compared with 25.42 billion yuan in the same period last year, according to a statement to the Hong Kong stock exchange, where it is listed. "In the first half of 2016, international crude prices recorded a sharp decline from prices in the first half of 2015, and bottomed out during the period," the oil giant said in the statement late Sunday. The sharp decline in oil prices overshadowed a rise in domestic demand, it added, with domestic consumption of oil products up by 4.4 percent in the period. Investors were disappointed with the results. On Monday morning, Sinopec shares fell 1.07 percent in Hong Kong and were 0.20 percent lower in Shanghai, where it is also listed. The decline in oil prices has also hit China?s two other major producers. China?s biggest oil producer PetroChina said last week net profit plunged 97.9 percent year-on-year in the first half, to 531 million yuan. The country?s main offshore oil and gas producer CNOOC reported a net loss of 7.74 billion yuan in the first six months of the year.

Sunday, August 28, 2016

Iraq asks Saudi Arabia to replace envoy who riled Shi'ite militias

Sun Aug 28, 2016 | 8:37 AM EDT A member from the Iraqi security forces stands guard during a patrol at the border between Iraq and Saudi Arabia, February 17, 2016. REUTERS/Alaa Al-Marjani A member from the Iraqi security forces stands guard during a patrol at the border between Iraq and Saudi Arabia, February 17, 2016. Reuters/Alaa Al-Marjani Iraq asks Saudi Arabia to replace envoy who riled...X (Reuters) - Iraq asked Saudi Arabia on Sunday to replace its ambassador in Baghdad after his comments about Iranian involvement in Iraqi affairs and the alleged persecution of Sunni Muslims angered local Shi'ite Muslim politicians and militia leaders. The request by Baghdad's Shi'ite-led government underscores the depth of enmity between Sunni and Shi'ite regional powers as sectarian conflicts rage in Syria, Yemen and Iraq. Riyadh only reopened its embassy in Baghdad in December after keeping it shut since the 1990 Iraqi invasion of Kuwait. Thamer al-Sabhan was the first Saudi ambassador appointed since the reopening, which was seen as heralding closer cooperation in the fight against Islamic State militants who control swathes of territory in Iraq and Syria and have claimed bombings in Saudi Arabia. "The presence of Sabhan is an obstacle to the development of relations between Iraq and Saudi Arabia," Iraqi Foreign Ministry spokesman Ahmed Jamal said in comments to al-Aahd, a TV channel that belongs to Iranian-backed Shi'ite militia Asaib Ahl al-Haq. ADVERTISEMENT He tweeted that the ministry was "asking its Saudi counterpart to replace the ambassador of the Saudi Arabian Kingdom in Baghdad." Iraqi Shi'ite politicians and militias have made persistent calls to expel Sabhan, who has been calling on the Iraqi government to exclude Shi'ite paramilitary groups from its military campaign against Islamic State in order to avoid abuses against Sunnis in Iraq. The Iraqi foreign ministry denied on Monday that a plot to kill the envoy had been uncovered. In recent days, Sabhan repeatedly spoke of a "terrorist plot" to assassinate him after a Shi'ite militia leader, Aws al-Khafaji, said in an interview with a local Iraqi channel that killing the envoy would be an "honour." Sabhan, responding to messages expressing solidarity with him after the Iraqi announcement, tweeted: "I am a servant of this (Saudi) leadership which is seeking to assist the truth and the well being of Muslims, may God preserve it." In an interview on the Dubai-based, Saudi-owned Al Arabiya TV station, he said Saudi Arabia's policies on Iraq would not change. "We have a very amicable relationship with Iraqi politicians that the media does not depict," he added. (Reporting by Maher Chmaytelli; Editing by Helen Popper)

Parliamentary questioning of #Iraq Minister of Finance, Hoshyar Zebari

Twitter | Search Home Connect Trends Me M2_tab_indicator Tweet Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim Parliamentary questioning of #Iraq Minister of Finance, Hoshyar Zebari. I present the highlights in the following tweets. (1/15) 10:23 PM - 27 Aug 2016 7 Retweets 2 Likes Reply Retweet Like More Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 3h In 2013, Mr Zebari rented a private plane for $90,000 to go to event w/out invitation, despite prohibition of budget regulations. (2/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 3h Zebari claimed it was covered from untold "other sources" -- docs show he ordered pay. He also spent $49k in two days of the trip. (2a/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 3h In 2014, against law, Zebari raised treating office guests by 100 times, from ID250k to ID25 million-- by 2015 it was ID60 million. (3/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 2h Zebari claimed one month of busy schedule. But documents showed raised cost throughout 2015. (3a/15) View conversation · Reply Retweet Like omairdo omairdo @goodmmann 2h @DrAbbasKadhim Zebari has always been openly corrupt Why he survives? Shia politicians r weak Sunnis pol. need their 2nd homes in Erbil View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 2h Zebari rented a house for $157k/year, without proper authorization from the PM, req by law. Rent is also too high + other violations. (4/15) View conversation · Reply Retweet Like omairdo omairdo @goodmmann 2h @DrAbbasKadhim And he stopped tweeting from his official MoF account since I lambasted him in 2015 for his open anti central gov rhetoric! View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 2h Zebari claimed contract existed from time he was MoFA. But didn't deny amount or lack of authorization as Min. of Finance. (4a/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 2h Zebari appointed 450 bodyguards, costing #Iraq $2 million for travel (Baghdad-Arbil), w/out legal basis. (5/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 2h As Minister of Finance, Zebari contracted with 486 guards. Their salaries cost #Iraq more than $4 million/year. (6/15) View conversation · Reply Retweet Like Juliane Meyer Juliane Meyer @JulianeMeyerK 2h @DrAbbasKadhim Why the job is not done by the police? They are paid so or so by the state. View conversation · Reply Retweet Like Ana Ana @anavasiliu 2h @drabbaskadhim ... still, not generous to many enough View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 2h Without identifying it as such, Zebari spent $767k to upgrade Massoud Barzani's house + furniture 14 rooms & 2VIP bedrooms, etc. (6/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 1h Zebari claimed he did not restore the house, then said it cost $41k, but docs show the $767k is about right. (6a/15) View conversation · Reply Retweet Like markymark markymark @markemark619 1h @DrAbbasKadhim that money could have been spent on rebuilding the country View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 1h Was Zebari untruthful in his first claim that he did not restore the house? MO Jubouri should have asked him, but didn't. (6b/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 1h Min. of Finance failed to collect profits of the TBI (Trade Bank of #Iraq), estimated at $3billion. Zebari threw this in PM's lap. (7/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 46m On the retirees bank cards, suffices to say that Mr. Tha'ir Awwad, a manager at Rasheed Bank was also rep. of contracting company. (8/15) View conversation · Reply Retweet Like Dr. Abbas Kadhim Dr. Abbas Kadhim @DrAbbasKadhim 36m Most MoF investment real estate either were not efficiently utilized or went to Kurds, including investment in center&south of #Iraq. (9/15) In August 2015, Min. of Finance paid KRG $27million against the govt policy not to pay KRG after the GoI & KRG Oil agreement failed. (10/15)