Sunday, November 4, 2012
Juniper's Fire Sale of Retail Assets
Tuesday, December 20, 2011
Mirvac Sells Hotel Division to Accor
This sale received international attention, probably because Accor is a French company.
Many investors have purchased strata titled apartments in Mirvac managed buildings. For the most part, the income is pooled, and investors receive income based on lot entitlements. It will be interesting to see if Accor will be able to manage such complex arrangements, where each hotel has, in effect, many different owners.
A message to Mirvac staff from management said the following:
Saturday, September 24, 2011
Gold Coast Settlements Off the Plan
Sunday, September 11, 2011
Gold Coast High Rise
The article reports that more than $1 billion of apartments purchased at the top of the market are due to settle soon in The Oracle and Juniper's Soul developments.
Lawyers are apparently circling to try to get buyers out of contracts. For example, it is said that Nyst Lawyers believe buyers can get out of their Soul contracts because the Soul development is now being managed by Mirvac under the Sea Temple brand. What a crazy argument. The buyers want to get out of the contracts because the contract price that they promised to pay is now too much. The buyers took a risk, and lost out. You have to be very careful when buying off the plan.
The AFR reports that prices in Soul are down about 17%, based on one resale of a 23rd floor three bedroom apartment, 161 sqm, that sold off the plan for $1.8 million and resold in February this year for $1.5 million.
Friday, September 2, 2011
Soul to be branded as Sea Temple
Sunday, July 19, 2009
Port Douglas
Queensland residential property analyst Bill Morris, author of the Midwood Queensland Investment Report, said there were almost no sales in new Port Douglas projects over the past quarter.
Units for sale in Port Douglas generally fetched more than $700,000 and anything in that price bracket in the state was struggling.
The strata market was highly volatile and speculative, he said. "It is overpriced and oversupplied," Mr Morris said. "It is a lovely place that does well in booms and badly in recessions."
See The Australian
Email from Juniper:
Sea Temple Resort & Spa – Port Douglas
Luxury 2 Bed 2 Bathroom Penthouse Apartment with Private Rooftop Jacuzzi & BBQ Pavilion
Was $895,000 Now $649,000 That’s a saving of $246,000!
Comes with:
- Large Master Bedroom with En Suite with Spa Bath
- Choice of Lagoon or Golf Course Views
- Massive Rooftop Terrace(120sqm) with Jacuzzi & BBQ
- Fully Remote Central Air-Conditioning
- Personal Lock-Up Garage
- Fully Furnished
- $30,000 a year leaseback for 2 Years
- 25% Discount off all Food & Beverage
- Body Corporate Levies Paid for 2 Years
- Fantastic discounts at Mirvac Hotels throughout Australia
Click Here to view the online video tour for this amazing Penthouse apartment.
Located in the heart of a rapidly expanding North Queensland tourist destination, Sea Temple Resort & Spa Port Douglas is a world-class facility catering for holidaymakers of all tastes.
Sea Temple Resort & Spa Port Douglas is situated right on the beachfront in Port Douglas and provides 136 apartments and beachfront Villas. At ground level the resort features include a fully equipped health spa, a spectacular lobby, restaurant and bar, set amongst the 3,000sqm resort lagoon pool with a pool bar. With the added advantage of being located between Four Mile beach and adjoining our renowned championship Links design18 hole golf course, Sea Temple Golf Club, Sea Temple Resort & Spa Port Douglas offers an irreplaceable lifestyle and investment opportunity.
Sea Temple Resort & Spa Port Douglas is one of the Juniper hot spots in Tropical North Queensland and appeals to astute investors wishing to add this vibrant and exotic location to their property portfolios.
Long-time Port Douglas real estate agent Tony McGrath said “in 23 years in the seaside resort town he had never seen such a discount before”.