Habitat on Kersley is a residential development in Kenmore that will include townhouses, due to be built this year. Arcadia Village is a residential project that will include townhouses in Calamvale.Mr Solano said townhouse investors should be cautious in the current market, with some of his clients having to pay the difference between the purchase price and the valuation of their townhouse.“These properties are being sold at overinflated prices and then not valuing up to contract price” he said.“Be cautious about the length of settlement, speak to your bank about your finance situation and if there is a discrepancy with the valuation, see if it is something they can withdraw from the contract.”But PRDnationwide national research manager Diaswati Mardiasmo said she was not concerned about the expected increase in supply because of the spread of proposed townhouse projects across the city — from Carina to Calamvale in the south and Albion to Aspley in the north.“A lot of apartments have been focused on inner Brisbane, whereas if you look at the townhouse projects due to commence in 2018, they’re more spread out,” Dr Mardiasmo said. PRDnationwide national research manager Dr Diaswati Mardiasmo.“I’m seeing a lot of developers focusing on townhouse projects within walking distance to schools, shops and family-friendly amenities as opposed to being concentrated in the city.”Dr Mardiasmo said the townhouse market was also more insulated than the apartment sector because of the change in family composition in Brisbane since the 2011 and 2016 Censuses.She said the number of couple families with children had increased and that demographic would generally choose a townhouse over an apartment because of livability factors such as increased room and yard space.AREAS OF HOUSING SURPLUS IN QUEENSLAND Region Surplus dwellings % stock 1. Brisbane Inner 4,537 12.7%2. Townsville 4,259 5.3%3. Cairns — South 3,516 8.1%4. Gladstone — Biloela 3,384 9.4%5. Surfers Paradise 2,878 12.3%(Source: Australian National University)Follow @liztilley84 on Twitter Construction is scheduled to start on more than 5400 townhouses in Brisbane this year, according to PRDnationwide research.FORGET apartments, Brisbane is about to be swamped with a different type of attached dwelling — prompting fresh oversupply fears. As the inner-city unit sector flounders, industry experts say developers are turning their attention to townhouses, with a new wave of residential projects set to saturate the market in 2018. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE New research by PRDNationwide reveals the number of townhouses in greater Brisbane is set to surge by nearly 250 per cent this year, with construction scheduled to start on more than 5400 new townhouses.In comparison, there is set to be a 170 per cent increase in the number of new apartments predicted to hit the market this year. A townhouse development on Brinawa Street, Camp Hill.It comes as recent building approvals figures from the Australian Bureau of Statistics revealed townhouse approvals are at their highest level in 20 years, as the country’s ageing population seeks to downsize.Real Estate Buyers Association of Australia Queensland representative Zoran Solano predicts Brisbane is facing a townhouse glut over the next two to three years.Mr Solano, who is a buyer’s agent with Hot Property Buyers Agency, said he had been dealing first-hand with many developers who had been snapping up sites around the city for townhouse developments. Habitat on Kersley is a residential development in Kenmore, with townhouses due to be built this year.“We’ve seen an unprecedented amount of apartment settlements in recent years, so it’s getting harder and harder for developers to sell that product,” he said. Mr Solano said he had noticed a trend in developers shifting to lower-density development opportunities such as townhouses and house-and-land subdivisions, particularly within a 20km radius of the CBD.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago“There’s been a lot of transactions over the last 18 months and a lot of development applications and approvals of this lower density style product, which I believe has the potential to oversupply some pockets of our market,” he said. TRIPLE M’S MARTO SELLING UP CATS PHOTOBOMB HOME PHOTOSHOOT PAT RAFTER’S $18M PAYDAY Mr Solano said pockets of Brisbane around McDowall, Doolandella, Ellen Grove and Pallara were experiencing high rates of housing development and had the potential to become oversupplied markets.“There are arguments to show this is already happening, but now we’re seeing it even more as developers move away from units,” he said. Berge Street Townhouses is a residential project due to start construction in Mount Gravatt this year.
As the clock ticked to four hours 57 minutes, Federer hit a ball high to hand the Serb victory.The world number one has won 16 Grand Slams – and four of the last five.“It’s quite unreal,” Djokovic said after winning his fifth Wimbledon title.Federer, who at 37 was chasing a record-equalling ninth Wimbledon singles title, added: “It was a great match, it was long, it had everything. Novak, congratulations, man, that was crazy.”A highly anticipated final between two of the sport’s greats always had the potential to go the distance – and this did that and more.With fans unable to watch at times, while leaping to their feet and chanting at others, a nerve-jangling final set turned this into a classic.When Federer had two championship points at 8-7, Djokovic held his nerve to save both and then break back, eventually taking it to the new tie-break at 12-12.The Serb – who for extended periods of the match had been second best – had won the match’s previous two tie-breaks and he did so again, snatching victory when Federer scooped a return high.The Swiss had been seeking to become the oldest Grand Slam champion of the Open era but instead found himself part of a different record as the match time surpassed Wimbledon’s longest game – the four hours 48 minutes of play of the 2008 final he lost to Rafael Nadal.“Like similar to ’08 maybe, I will look back at it and think, ‘well, it’s not that bad after all’. For now it hurts, and it should, like every loss does here at Wimbledon,” Federer said.“Epic ending, so close, so many moments. Yeah, I mean, sure there’s similarities (between this and 2008). I’m the loser both times, so that’s the only similarity I see.” Novak Djokovic saved two championship points in Wimbledon’s longest singles final to retain his title in a thrilling win over Roger Federer.On a Centre Court, with an atmosphere that felt at times more akin to football than tennis, Djokovic won 7-6 (7-5) 1-6 7-6 (7-4) 4-6 13-12 (7-3). Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
David De Gea’s aborted move to Real Madrid may not be resurrected, talkSPORT has been told by a former president of the 10-times European champions.De Gea’s contract situation at Old Trafford and Real Madrid’s need to keep first choice goalkeeper Keylor Navas’ confidence intact could cloud a potential January move.“I thought they would go on with this [deal] in January,” Ramon Calderon said on the talkSPORT Sports Breakfast show, when asked whether the fact De Gea’s current contract expires next summer would force Manchester United’s hand.“But this morning I heard Man U have offered to extend De Gea’s contract.“Navas is going to be the goalkeeper in the [Madrid] starting line up, so Real Madrid must be careful [with any further approach for De Gea]. What is the attitude of Navas, playing with that pressure on him?“The two victims in this situation are De Gea and Navas and they can become a problem for the clubs.“The goalkeeper is the only one who can’t make a mistake; outfield players perhaps can miss a goal and nothing happens, but in the case of the goalkeeper it’s very big trouble.”