Rijeka will again have a direct connection with Munich, Russian Aeroflot will connect Split and Moscow

first_imgRussian Aeroflot has announced the launch of its seasonal line between Moscow and Split. From August 01st the direct line is reintroduced Moscow – Split which will be in circulation on a daily basis, an A321 aircraft with a capacity of 183 seats in the fleet of this airline. As before, the aircraft will first operate the flight Split – Munich, then the line Munich – Rijeka – Munich, and then the return flight Munich – Split. The flight schedule remained the same, with the morning departure from Munich to Rijeka, while the return flight to Munich was scheduled shortly after noon from Rijeka Airport. There are currently no announcements about the start of traffic on the line Moscow – Zagreb. However, Croatia Airlines will launch a direct line between Munich and Rijeka, while Russia’s Aeroflot will connect Split and Moscow, Croatian Aviation reports. Aeroflot announces a line to Split Line Munich – Rijeka will circulate 2 times a week, every Thursday and Sunday, by DashQ400 aircraft, from August 06 to September 27 this year. Source: Croatian Aviationlast_img read more

Investors making more money as tenants lose out

first_imgREIQ CEO Antonia Mercorella. Photo: Claudia BaxterREIQ CEO Antonia Mercorella said the Gold Coast continued to experience the tightest vacancy rates in Queensland which was providing challenging conditions for tenants.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“In the post-Games period developer Grocon is tasked with transforming the athletes’ village into more than 1100 apartments and townhouses in a mixed-use development that will hopefully become available for sale and potentially rent in early 2019,” she said.“Additional supply will hopefully ease the tight conditions on the Coast, although with the stunning success of the Commonwealth Games, there is the potential for migration figures to rise increasing the demand for dwellings.She said more rental properties were needed along with investors to contribute to the rental pool. “Without more investors, the vacancy rates will remain tight,” she said.“Investors are facing tougher conditions since APRA tightened lending conditions and recent ABS figures indicate investor participation is falling.” REIQ’s latest Market Monitor had the Coast rental vacancy at just 1.1 per cent.CoreLogic’s March 2018 quarter rent review reveals the median rental rate on the Coast is $499, making the city the highest place to rent in Queensland.It comes as REIQ’s latest Market Monitor had the Coast rental vacancy at just 1.1 per cent.A vacancy rate of about three per cent is considered to be healthy.“We expect rents to stabilise in the second half of 2018 and there may be a few corrections if the rental stock rises at a faster pace than demand,” the report stated. CoreLogic’s March 2018 quarter rent review reveals the median rental rate on the Coast is $499, making the city the highest place to rent in Queensland.IT may be easier to find a rental property on the Gold Coast now the Commonwealth Games are over but don’t expect rents to decrease any time soon.That’s the message from property experts who are predicting the rental market to “stabilise” over the next 18 months with new stock set to hit the market. “We are still expecting continued rental growth” – 44 Home Real Estate’s Shaun Carney.Shaun Carney, managing director of property management company 44 Home Real Estate, predicted rents to increase.“The Gold Coast is expecting some dwellings to come available post Commonwealth Games which should help ease pressure on the rental market, but we are still expecting continued rental growth,” he said.“Naturally rents will follow capital growth and try to keep up, but with an average of 12,500 residents moving to the Gold Coast each year, we are seeing families paying a little more to have a backyard then living in apartments, which is driving rents upwards.” Brent Martens, of Harcourts Coastal, believes rents will continue to go up.Harcourts Coastal business development manager Brent Martens shared a similar view.“Coming from summer though to winter it always slows down,” Mr Martens said.“That’s pretty common Australia-wide.“There is more stock on the Coast now and properties are still leasing but now instead of getting 15 groups through we are getting 10 groups at inspections.”Despite the slight slowdown, Mr Martens expected rents to increase over the long term.“Rents have gone up from a year go and we should still follow that trend.”“Rents may not increase right away but they will remain the same and come August or September we will see those increases.”last_img read more