Just how much could your property earn you on Airbnb?

first_imgPotential yields for properties rented out on Airbnb. Source: finder.com.auBessie Hassan, Money Expert at finder.com.au, said earning an average of 12.74 per cent on any investment was significant — although there were risks.Slow or wet holiday seasons could mean no income at all.“Generating high yields from Airbnb requires the property to be turning over guests one after the other, and this requires more property management than traditional permanent leasing,’’ she said.And the properties need to be furnished and have appliances, so there were costs to clean and maintain, that you wouldn’t get with a permanent rental.For an apartment near the Brisbane airport the average rental return was $1045 a week. with a 13.11 per cent return Near the Brisbane CBD the average rental return was $971 a week with a yield of 11.13 per cent. Renting out Surfers Paradise accommodation via Airbnb could be a good return for owners. Picture: SuppliedWE’VE all heard that renting your property on Airbnb could earn you some extra cash, now the experts have crunched the numbers to tell you just how much.Analysis by finder.com.au, looked at returns near airports and capital cities as those were the areas most likely to be rented out by tourists through Airbnb.Two-bedroom units in all these locations averaged $583,592 to buy. The average Airbnb rent charged per two-bedroom unit per week was $1357 — that’s a yield of 12.74 per cent.Far higher than what many normal investment properties rented out full-time achieved, which was about 3.6 per cent.Surfers Paradise was the top place for solid yields if rented out via Airbnb with a 21.48 per cent return.Popular areas for Airbnb accommodation, such as Bondi, did not offer such a good return because to buy a property there was so much more expensive the return was significantly diminished.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North3 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by Potential yields for investment properties rented on Airbnb. Source: finder.com.aulast_img read more

Netherlands roundup: Douwe Egberts, Ortec transfer schemes to APFs

first_imgAmsterdam, NetherlandsNN and Delta Lloyd to merge low-cost DC vehiclesDutch asset manager and insurer Nationale Nederlanden (NN) has announced that its low-cost DC vehicle (PPI) would merge with BeFrank, the PPI of Delta Lloyd. NN bought an 80% stake in Delta Lloyd earlier this year.In a presentation of the integration plan, David Knibbe, NN’s director for the Netherlands, said that the merged product would continue under the BeFrank brand, because of its innovative participant portals and the fact that BeFrank had attracted different clients than NN and Delta Lloyd.The merger would lead to a €2.3bn vehicle with 154,000 participants in total, which would make it the largest in its market.Pensioen Pro, IPE’s Dutch sister publication, estimated the market at €5bn in total, with 425,000 participants.Currently, NN and Delta Lloyd together receive 38% of the total of €6bn of premiums for insured DB and DC pensions.Knibbe pointed out that the integration of collective pensions would be completed by 2020.He said that the company would focus on the growth of “capital light” DC pensions at the expense of capital intensive DB contracts.Currently, NN and Delta Lloyd have combined DB liabilities of €70bn, for which they must keep €3.5bn in reserve under Solvency II rules. If all currently known planned transfers to Stap were to go ahead, the general pension fund would have €4.7bn of assets under management next year.Elvin van den Hoek, director at Douwe Egberts’ pension scheme, explained that it had opted for the APF as this would provide better benefits from the pension fund’s relatively high funding ratio.The Douwe Egberts pension fund has a coverage ratio of 121%, whereas PGB’s funding stood at 104.7% at October-end.Ortec scheme to join general pension fund Volo Meanwhile, pension fund consultant Ortec Finance is also transferring its pension scheme to an APF. From 1 January 2018 its average salary plan and additional pension accrual on top of this will be implemented by Volo Pensioen, the general pension fund set up by PGGM.The APF will take over all existing liabilities as well as the €64m of assets of Stichting ORTEC Pensioenfonds, which has 1,400 participants in total.Ortec is Volo’s second client, following the transfer of the closed €265m Pensioenfonds Jan Huysman .Volo has set up a new collective compartment for Ortec with an average risk profile for investments, which is also open to new entrants.In addition, it has opened a compartment dedicated to Ortec’s defined contribution plan for additional pensions accrual, which is known as “excedent” arrangements.The APF is already running a compartment focusing on defensive investments for the Jan Huysman scheme.Gerrit Timmer, chairman of the Ortec Pensioenfonds, said it was important that the current pension arrangements could be continued at Volo.“Placing it with Volo relieves us from the worries and workload of running the scheme ourselves, without appreciable concessions to the desired pension plan and investment beliefs,” he said.Volo said it would, in consultation with Ortec, start actively searching for pension funds interested in joining its two new compartments. The €1.8bn pension fund of coffee maker Douwe Egberts is to transfer its legacy pension assets to Stap, the general pension fund (APF) set up by insurer Aegon and its subsidiary TKP Investments.The pension fund is to liquidate, having previously transferred future accrual to the €24bn multi-sector scheme PGB.At Stap, the assets of Douwe Egberts’ 10,000 deferred participants and pensioners will be managed in a single-client compartment.The Douwe Egberts scheme is Stap’s largest client. It has already welcomed the €1.5bn pension fund of Holland Casino, which transferred earlier this year despite a disagreement with unions and employer representatives .last_img read more

Unusual water feature takes centre stage in Gold Coast mega-mansion

first_imgThe Sanctuary Cove residence at 5691 Anchorage Tce has an unusual feature at its heart.IMAGINE walking into a waterfront mega-mansion and seeing a shower in the middle of the foyer.Once the initial shock wears off, it quickly becomes clear the unusual attraction inside the Sanctuary Cove residence is actually a water feature but that won’t stop you from doing a double take.The waterfall-like feature is surrounded by a miniature garden, which offers a splash of colour against the house’s white interior.A dome skylight above it offers a natural spotlight to make sure it is the centre of attention at all times.The eye-catching design is a standout feature of the Anchorage Tce house, which has hit the market with a $5.95 million price tag. MORE NEWS: The rudest place names on earth The house was a labour of love for the Japan-based owner, who owned the property next door a few years ago, but Mr Phillis said the time was right for him to say goodbye to the holiday home.“He’s building a beach house in Japan now,” he said.The four-bedroom house is on a sprawling 1200sq m block with 22m of water frontage that can accommodate a 68ft boat.An infinity edge pool with spa, waterfront entertainment terrace, tiered home theatre and billiards room are among its luxury inclusions. A shower-like water feature is certainly not what you’d expect to see after walking inside the mansion. It was designed to make the most of the views.Self-titled agency head Alex Phillis, who is marketing the property with Zack Tanti, said the owner incorporated the feature into the house’s design when building it.“It was included in the design to have that wow factor when you come in,” he said.“He wanted a standout feature as you come in but not something that blocked the views.”Mr Phillis said house hunters would either love or hate the feature, which included artificial plants to ensure it looked the part year round.“You can have LED lights that run and you can change the colour of them,” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago The perfect spot to relax. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58center_img MORE NEWS: Where you should have bought 10 years agolast_img read more

Sammy remains optimistic but concedes difficult task

first_img Sharing is caring! Share Tweet Share NewsSports Sammy remains optimistic but concedes difficult task by: – April 29, 2011center_img Share 40 Views   no discussions CASTRIES, St Lucia, CMC – Despite losing their second straight One Day International against Pakistan here Sunday, West Indies captain Darren Sammy remained upbeat his new look side could stage a fightback, though he conceded the task would be difficult heading into the third match on Thursday.The West Indies lost by seven wickets at the Beausejour Cricket Ground Monday having gone down by eight wickets in the first match at the same venue Saturday.“It might be difficult but it is not out of our hands. We had a much better improved bowling performance in the second game. If we could put more runs on the board, it will give us a better chance to win,” Sammy told CMC Sports in a one-on-one interview after the match.Cana Newslast_img read more

OECS leaders and Trinidad PM to discuss CLICO

first_img Share Sharing is caring! 21 Views   no discussions Share Tweetcenter_img LocalNews OECS leaders and Trinidad PM to discuss CLICO by: – May 24, 2012 Share Prime minister of St Kitts and Nevis, Denzil Douglas BASSETERRE, St Kitts (CUOPM) — Prime minister of St Kitts and Nevis, Dr Denzil Douglas is hoping to meet with his Trinidad and Tobago counterpart, Kamla Persad-Bissessar, next month to thrash out details of an agreement in relation to the CLICO financial debacle.Douglas, who was in Barbados on Monday, is reported by the Nation newspaper of Barbados as saying that he and other leaders in the Organization of Eastern Caribbean States (OECS) had met with Persad-Bissessar at the Summit of the Americas in Colombia and had agreed that Trinidad would “definitely meet the commitments that were previously identified when Patrick Manning was in office.”Douglas said this needed to be clarified to some extent and consolidated.The Manning administration had made efforts to establish a new insurance company, Newco, which was supposed to have brought together several investors, including Trinidad and Tobago with an investment of US$100 million and Barbados investing US$5 million, but that hit a snag following the change of government in Trinidad and Tobago in 2011.Caribbean News Nowlast_img read more

No big city events this Feb., March due to COVID-19

first_imgOnFeb. 4, the Department of Education Region 6announced the postponement of the 2020 Western Visayas Regional AthleticAssociation Meet in Aklan./PN “Masugodkita Abril kay indi pa kita kabalo kon ano pa ang matabo sa sini nga COVID-19,” he said. According to Treñas, Paraw Regatta andother big events here may be moved to April. ILOILO City – No big crowd-drawingevents will be held in this city this month and in March as a precautionary measureagainst the possible spread of the novel coronavirus disease (COVID-19). Healthsecretary Francisco Duque III also recommended the cancellation of publicevents “until further notice” but emphasized it is ultimately up to theorganizers to decide. The festival will be a celebration oflocal talents and their works in various fields of art. “I hope the people wouldunderstand,” said Mayor Jerry Treñas yesterday. He recently announced the postponementof the 2020 Paraw Regatta Festival originally scheduled from Feb. 23 to March 1after consulting with the Department of Health (DOH) Region 6 and IloiloFestivals Foundation, Inc. (IFFI). Paraw Regatta is a race ofwind-propelled native boats. Now on its 48th year, it is considered the oldestsailing event in Asia and the largest in the Philippines. On Feb. 8, DOH’s central office “strongly” urgedthe public to stay away from events with large crowds to avoid being infectedwith COVID-19 and practice self-protection measures. While no exact dates for the postponedParaw Regatta have been released, the city government set the first-ever IloiloSummer Arts Festival from April 3 to May 17.last_img read more

Canoefest joins list of canceled events

first_imgBrookville, IN—Officials for Canoefest have canceled the 2020 event.  In a statement, they say the decision was the best course to ensure everyone’s safety and to not place any participants in a financial burden to join the event.last_img

Rodgers’ Reds gear up for key month

first_img After a disappointing start, the Reds recorded back-to-back wins for the first time in the campaign with victory at Leicester on Wednesday night. And, because their main rivals for a Champions League spot have also had their own difficulties, achieving their primary aim of finishing in the Barclays Premier League’s top four still remains well within their capabilities. Press Association They currently stand just six points off third-placed Southampton and have yet to play anywhere close to their best football, or even field their strongest team, with striker Daniel Sturridge – who has been sent to Los Angeles for two weeks’ rehabilitation – not set to return until the new year having not played for the club since August 31. It leaves Rodgers full of optimism that a good month, starting at home to Sunderland on Saturday and then facing top-four rivals Manchester United and Arsenal in successive weeks, can put them firmly back on track. “We have a bit of momentum now in terms of results, which breeds confidence in the team and releases what might feel like a little bit of pressure,” he said. “We still have a lot of work to do. There is a long road for us, but we are edging our way there. “If we get to the halfway point in January and be there or thereabouts I will be pleased with that, considering the start we had in the first 12 games. “After Crystal Palace (their third successive league defeat last month) it was a real difficult moment. “The run of games up till that in terms of results and performances just weren’t quite there, but the reaction and mentality the players have shown since that says a lot about their character and the determination to do well. “We are not getting carried away with three (including the Champions League draw against Ludogorets) good performances and results. We just have to keep taking that confidence forward into the next game.” Manager Brendan Rodgers believes the next month will be pivotal to Liverpool’s season. Liverpool captain Steven Gerrard could find himself rested again. Midfielder Philippe Coutinho has recovered from the knee problem which troubled him midweek, left-back Jose Enrique could come back in as his game time is also being managed after a knee operation Sunderland boss Gus Poyet has backed his players to shrug off their Sergio Aguero blues and prove once again that they are a team for the big occasion. A gruelling week which started with a gutsy goalless draw against Chelsea turned sour on Wednesday night when Aguero scored two and set up another in Manchester City’s 4-1 win at the Stadium of Light. It shattered the Black Cats’ fine recent record against the best in the Barclays Premier League but Poyet insisted that despite their inevitable fatigue his players can retain the confidence which swept them to survival last term. Poyet said: “I don’t think we need to repair anything but the idea is to keep believing. I think it was more of a dream that we were in a position not to lose any of these three games in a row. “I think the players know they played against one of the most in-form strikers in the world right now. It does matter how you defend but even then (Aguero) can do something special, so that kind of helped. “The players need to recover. They don’t have time to complain or put themselves down – they need to go there and take the opportunity to take the three points.” Poyet will look to freshen up his starting line-up for his side’s third big game in a week with Wes Brown and Adam Johnson available again after injury, and Ricky Alvarez pushing for a start after coming off the bench in midweek. last_img read more

Cricket News ICC Rankings: Virat Kohli Best ODI Batsman, Injured Bumrah Also Retain Top Spot

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: India skipper Virat Kohli is ranked world best batsman in One Days Internationals (ODIs), according to the latest rankings released by the International Cricket Council (ICC). Jasprit Bumrah, who is away from the game for some time due to injury, has also retained the top spot in ODI Bowlers rankings.Kohli is sitting pretty at the top of the rankings for batsmen with 895 rating points. His deputy Rohit Sharma is at number two with 834 rating points. This is Rohit’s best ever rating. The ‘hitman’ has been in a form of his life in all the three formats ove the last 12 months.In the bowlers’ rankings, Bumrah, who is undergoing treatment for lower back stress fracture, also maintained his top spot with 797 rating points. He is followed by New Zealand’s pacer Trent Boult (740). Hardik Pandya is the only Indian to feature in the top 10 among all-rounders. He is at number 10 with 246 rating points.England’s World Cup hero Ben Stokes tops the chart with 319 rating points, followed by Mohammad Nabi of Afghanistan. India’s next ODI fixture is against the West Indies in a three-match series beginning December 15 in Chennai. last_img read more

Silverwood accepts role as England’s fast-bowling coach

first_imgBy Ali MartinCHRIS Silverwood, the mastermind behind Essex winning the county championship this year, has accepted the role as England’s fast bowling coach.The former Yorkshire, Middlesex and England seamer will become the full-time replacement for Ottis Gibson, who left his second spell in charge of the Test and one-day attack at the end of the summer in order to become the head coach of South Africa.The timing of Gibson’s departure before this winter’s Ashes defence saw England move to bring in Shane Bond, the former New Zealand quick, on a short-term consultancy role up until the end of the second Test in Adelaide that begins on 2 December.But now the process for the long-term vacancy that was advertised last month has been completed by the England and Wales Cricket Board, with Silverwood understood to have been offered the role this week and which he duly accepted.It is a blow for Essex, who lose the head coach who oversaw promotion in 2016 during his first season in charge, followed by this summer’s title win. Anthony McGrath, his deputy at Chelmsford, is likely to take over in an interim role and is also favourite to get the job permanently.Silverwood is already due to work with England’s Lions during the Australia training camp next month, while the first two Ashes Tests are taking place, but will not take over from Bond when the New Zealander leaves mid-series to take up his role with Brisbane Heat in the Big Bash League.The 42-year-old Silverwood, who claimed 577 first-class wickets during his playing career from 1993 to 2009 and won the last of his six Test caps at Perth during the 2002-03 Ashes tour, will instead begin his new assignment when the one-day series against Australia gets under way in January.Silverwood was among a number of county coaches to work with England’s one-day set-up at the end of the recent international season, along with Glenn Chapple of Lancashire, Leicestershire’s Graeme Welch, Jon Lewis of Sussex and Nottinghamshire’s Andy Pick.The England head coach, Trevor Bayliss, has always maintained he sees the England position as tactical ahead of technical and Silverwood’s reputation rocketed last summer in that regard when Essex were crowned champions for the first time in 25 years. Certainly Jamie Porter thrived under his watch, with the 24-year-old’s 75 wickets central to the triumph.Jimmy Anderson, England’s all-time leading wicket-taker, said at the back end of the summer that he saw the next bowling coach being primarily in charge of bringing through the next generation of quicks behind himself and the similarly established Stuart Broad.(The Guardian)last_img read more