6 Oct

QLD’s high-rise apartment boom is slowing fast: ABS

first_imgViews of high-rise buildings in Brisbane’s CBD.QUEENSLAND’S high-rise building boom is unwinding rapidly, with new figures showing a sharp drop in the construction of dwellings other than houses across the state.Allen Wargent Property Advisory co-founder Pete Wargent has analysed the latest Australian Bureau of Statistics construction work data and noted it shows the value of higher density building work in Queensland fell by about 25 per cent over the course of 2017.It’s a trend Mr Wargent believes will continue in 2018. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE The Reserve Bank of Australia in Sydney. Photo: AFP/Peter Parks.“Population is rising, more homes are being built and economic activity is being sustained by construction-dependent companies and sectors,” he wrote to clients. “This is further supported by public infrastructure works focused on road and transport related projects.”CommSec and AMP expect official interest rates to remain on hold until late this year. The value of construction work fell by nearly 20 per cent in the December quarter, according to ABS data.Economists had been expecting only a 10 per cent drop.AMP Capital head of investment strategy and chief economist Shane Oliver said the result was largely due to a spike in engineering work associated with the import of liquefied natural gas platforms in previous quarters.Residential construction across the country remains soft, but non-residential building rose a solid four per cent quarter on quarter and is up 14.4 per cent year on year.CommSec senior economist Ryan Felsman noted the construction pipeline in the southeastern states of Australia remained very strong, supported by record low interest rates. center_img Cranes on high-rise apartment buildings in South Brisbane.He noted that as construction slowed, Brisbane’s apartments were gradually filling up — but it was taking time for stock to be absorbed.Overall construction work in Queensland fell three per cent during the December quarter and 10.9 per cent over the year, according to the ABS figures. HAMPTONS STYLE STUNNER SELLS FOR A PRETTY SUM HOMES TO SUIT EVERY BUYER 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 QUEENSLANDER GLAMOUR But Mr Wargent said post-mining boom engineering construction was no longer dragging down the state’s economy, paving the way for a recovery.Nationally, the value of construction work fell by a worse than expected 19.4 per cent to $50.3 million during the last quarter of 2017.last_img read more

16 Sep

Power play powerful again

first_imgIn the last three games Wisconsin has scored five power-play goals, converting at just over 41 percent clip.[/media-credit]What was once a weakness could be turning into a strength. And at just the right time.For a large majority of the 2012-2013 campaign, the Wisconsin women’s hockey team (17-9-2, 13-9-2 WCHA) has struggled to score on their power plays, with a conversion rate of a mere 17.5 percent – a mark landing the Badgers fifth in the WCHA.UW’s power play pales in comparison to last season’s special teams unit that converted 22.8 percent of their power plays – good for third in the WCHA and only 2.2 percent behind first in the 2011-2012 season.Unsatisfied with his special teams’ performance this year, head coach Mark Johnson decided to shake up the lines and create a more fluid power play attack by moving senior forward Brianna Decker to the other side of the ice and making sure both Decker and freshman defenseman Courtney Burke were on the ice together.Johnson said the biggest factor in the change was to get the puck in the stick of two of the better offensive playmakers on the team in Decker, who leads the team with 23 goals, and Burke, who is second on the team with 15 assists.“One thing on a power play is you want certain people to be touching the puck and making decisions with the puck,” Johnson said. “[Burke and Decker] have shown that they can make good decisions with [the puck] and make good reads. Usually, if those two kids have the puck, generally good things are going to be happening with it.”Since the early season struggles and change in scheme, Burke says the coaches have been stressing the team’s power play a lot more in practice, and the players are doing all they can on and off the ice to improve.“We practice [our power play] so much in practice, normally a few days before our games,” Burke said. “We always talk in between periods. If we see something, the five of us will talk about it and we’ll see we what it is we can do to get through whatever their penalty kill is.”Since the halfway mark of the season, around when Johnson shook up the power play attack, the Badgers have 12 power-play goals in 14 games. The power play unit did continue to struggle for sometime but seemed to break through on Jan. 27 with a power-play goal against Minnesota who has the best penalty kill in the WCHA conference.Since the power-play goal against the Golden Gophers, Wisconsin has gone on to score five goals with the man-advantage in three games and have earned a conversion rate of just over 41 percent.In their series last weekend against St. Cloud State, the Badgers put up four power-play goals on the Huskies, including a Saturday game where UW posted three goals with the man-advantage.Burke says Wisconsin is more comfortable with their new power play scheme, which is translating into the success the team saw last weekend.“I think we are starting to get the movement down, and people know that they can move in different spots and it’s not just stationary,” Burke said. “It’s a lot of movement, and I think we just realized that this weekend.”Although UW’s four power play goals last weekend did come against the team with the second worst penalty kill in the WCHA, it is still a promising sign that may point to more success down the road in the special teams aspect of the game.Decker hopes Wisconsin’s success with the power play against St. Cloud State will carry over into UW’s final four games of the regular season.“Special teams come in huge, whether it is penalty kill or power play,” Decker said. “So if we can create confidence from last weekend and bring it into this weekend and the postseason, it’s going to be huge for us.”Wisconsin will look for continued success from their power play unit with Minnesota Duluth and Bemidji State – whose penalty kill units rank sixth and eight in the WCHA – rounding out the end of the Badgers’ regular season schedule.Johnson knows it is extremely important for his team’s continued success in the power play attack with the postseason fast approaching.“You get a power play, it’s a perfect time to get yourself right back in the game,” Johnson said. “When you score, all of a sudden, it creates that energy and gets everybody excited. At this time of the year, at the end of the night you look at who killed penalties, who scored on the power plays. If you are good in those areas, all of a sudden the chances of winning go up quite a bit.”last_img read more