Million-dollar market thrives in Eight Mile Plains

first_img70 Gosford St, Mount Gravatt. Picture: realestate.com.auIT took just five days for this ultra-modern, five-bedroom house in Mount Gravatt to be snapped up by a keen buyer.The property at 70 Gosford St sold for $750,000 to a buyer from New Zealand, who had only lived in Brisbane for a year.Raby Bay Property’s Aaron Ngoi said it was rare for new houses of its calibre to become available in Mount Gravatt.“There was a lot of interest, around five offers,” he said.“This one’s quite special in that it’s a new house – only three years’ old – and well built.“It’s very different to many of the houses in Mount Gravatt, which are a bit older.”More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Down the road in Eight Mile Plains, a unique, four-bedroom home on a huge 959sq m block recently sold after auction for $910,000.The auction of 38 Arkrose St attracted five registered bidders but failed to sell at auction. It sold later that same day to a local Chinese family who plan to demolish the house and subdivide the block.LJ Hooker’s Emily Xiong said the size of the block attracted a lot of interest but the buyer didn’t like the style of the home, so plan to build a new one.She said the suburb was popular with local Chinese families interested in property around the $1 million mark. Eight Mile Plains is a high-demand market with 138 houses selling in the suburb last year.The suburb’s median house price is $764,000, according to data from property researcher CoreLogic.last_img read more

DTU on Mission to Cut North Sea Energy Hubs Failure

first_imgThe Technical University of Denmark (DTU) is developing digital solutions for controlling long-distance power flows in order to avoid blackouts and failure at energy hubs in the North Sea.The multiDC project focuses on developing intelligent digital solutions for controlling long-distance power flows to avoid blackouts and severe failure and looks into how to design the power flows in the Nordic grid with connections to Europe.According to DTU, in addition to a greater number of HVDC lines and connection points, the energy islands have to be in balance so that blackouts will not occur on the islands themselves. This is important as they, in conjunction with the connected offshore wind farms, will function as gigantic power plants in the future.“When we get the energy hubs in the North Sea, we will have even more HVDC lines and connection points in the Nordic grid, which must be controlled and coordinated,” said Ass. Prof. Spyros Chatzivasileiadis at Technical University of Denmark and Project Manager for multiDC.“Each of the planned energy hubs will be able to integrate 10-15 GW of wind energy into the electricity grid. Imagine we lost one of these hubs due to power failure. Denmark could suffer a complete blackout. We are working to prevent this at any time.”The project is working to achieve even better control of the power flows in the high-voltage lines connecting countries, which in this way can to a greater extent exchange the reserves that are available in each country to help the grid prevent imbalances and power failure, for example in the form of power plants ready to increase their production.This will significantly reduce the cost of operating the power system, as you can share the reserves and have common emergency response, DTU said.Researchers at DTU have also developed advanced market algorithms, which are said to help Denmark save millions of Euros a year in the electricity system by taking into account the energy losses that arise when dealing with energy across national borders via foreign connections.“In this way, those responsible for the losses will pay, instead of the bill ending up with the Danish system operator and thus the Danish electricity consumers,” Chatzivasileiadis stated.The North Sea Wind Power Hub consortium partners Energinet, Gasunie, Port of Rotterdam, TenneT Netherlands and TenneT Germany have committed to investigating the potential of establishing a large-scale offshore wind collection hub in the North Sea by studying technical, environmental and market perspectives.In order to be able to harvest the sustainable gigawatts from the sea between the Netherlands, Germany, the UK, Denmark and Norway, the vision is to increase the number of offshore wind turbines connecting to energy hubs, for example in the form of an artificial island. This allows the wind energy to be collected from the surrounding offshore wind farms and transmitted across Europe, DTU said.last_img read more