Crystal Hateley-Watson in her apartment in Fortitude Valley, which is one of Brisbane’s densest suburbs. Picture: Annette Dew.BRISBANE’S most crammed suburbs are getting even more crowded thanks to a high rise boom, increased migration and an emerging preference for inner city living.The latest figures from the Australian Bureau of Statistics revealed the 10 most densely populated suburbs in Greater Brisbane were all within 5km of the CBD, but city planning experts said that was not a bad thing. LIST: SCROLL DOWN FOR MOST CROWDED SUBURBS LIST It comes amid signs the inner city’s beaten down unit market is making a comeback, with the latest home value data released by property researcher CoreLogic revealing apartment values outperformed houses in Brisbane last month, as cashed-up Baby Boomers swap the suburbs for city life.Just 2km from Brisbane’s CBD, covering more than a square kilometre of prime real estate and with a median house price of just over $1 million, you’ll find the city’s most packed suburb — Kangaroo Point. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Kangaroo Point is the most densely populated suburb in Brisbane, according to ABS.The riverside suburb is home to 9110 people, which worked out to be 6804 residents per square kilometre — that’s an extra 1154 people per square kilometre since 2007.On the other side of the Story Bridge, New Farm is the second most congested suburb in Greater Brisbane, adding 442 new residents per square kilometre over the past five years to increase from 6011 to 6453. GINA RINEHART SECURES $18.5M BRISBANE DIGS Balmoral has a population density of 3330, according to ABS figures.But Brisbane pales in comparison to some of the country’s most dense suburbs, with 19,500 people per square kilometre living in inner-city Melbourne and 16,300 residents per square kilometre in Potts Point in Sydney.The more populated a suburb, the better according to Steven Burgess, a consultant with engineering and transportation adviser MRCagney.Mr Burgess said high density areas were cheaper to run as a community, sharing infrastructure, services and assets. “Density is pretty good for cities,” he said.“The more stuff is closer together means people don’t have to drive far, it makes a city more efficient, more community focused, more socially sustainable.“What you’ve got to be careful of is that all your density doesn’t end up in one or two places in the city.” New Farm, the second most crowded suburb in Brisbane, is well-known for its cafe scene. Picture: Jamie Hanson.Neighbouring Fortitude Valley was the city’s third most packed suburb with 6288 people per square kilometre.It experienced the biggest jump in population density between the 2012 and 2016 Census, with more than 1800 people per square metre squeezing into the suburb in that time.In the past decade, it has become home to more than 2000 people per square kilometre. BRISBANE’S MOST EXPENSIVE HOME SALES Steven Burgess from MRCagney.Ethos Urban planning director Greg Vann, who was the project director for the Southeast Queensland regional plan, said two of the biggest generations were showing a distinct preference for inner city living.“Baby Boomers are downsizing and wanting to head back to where the buzz is, and Millennials are upsizing and wanting to stay close to the action,” Mr Vann said. “People are choosing to trade space for place.“Instead of having a bigger home further out, a lot of people are choosing to have a smaller home, but close to everything.”Mr Vann said that while the “high rise boom” in recent years in Brisbane’s inner city had contributed to population density, there remained a “missing middle”.“74 per cent of housing in southeast Queensland is still made up of detached houses,” he said.“It’s the stuff in the middle we need more of.” By that, he means townhouses and other forms of lower density, ground-oriented attached housing. “Those choices will be more attractive to people as housing needs change,” Mr Vann said.Mr Burgess said there was a significant difference between the population density in inner Brisbane and the middle to outer suburbs.“Once you get out of the inner city, you have to drive to do anything,” he said.“What I would love to see is the real revitalisation of the urban village (in Brisbane), so everyone didn’t have to come into the city to get to employment, night life, restaurants.” Crowds of people in Queen Street Mall, Brisbane City.Real estate agents were also seeing a strong appetite from downsizers and millennial buyers for inner city housing.While some concerns remain about an oversupply of inner-city apartments, the high-end of the unit market is still in strong demand.Michael Bacon of Place Kangaroo Point said more buyers were looking for the convenience of having “everything at their doorstep”.“Another key factor is low maintenance,” he said.“They’re looking for something they can lock and leave.”More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoMr Bacon believed projects such as Queens Wharf would lure more people to inner city locations. “Once that goes up, people will be like ‘I want to be near that or have views of that’,” he said. There has been plenty of construction happening in Fortitude Valley. Picture: Richard Walker.West End has experienced the biggest increase in population density over the past decade, with 2083 additional people per square kilometre packing into the eclectic suburb since 2007.Even suburbs with under half the population density of frontrunners Kangaroo Point and New Farm are humming — Wooloowin-Lutwyche sits at 3424 people per square kilometre and Balmoral has 3330. BARGAIN PROPERTY IDEAL FOR INVESTOR Crystal Hateley-Watson in her apartment in Fortitude Valley, which is one of Brisbane’s densest suburbs. Picture: Annette Dew.Crystal Hateley-Watson rents a one-bedroom apartment in Fortitude Valley and loves the convenience of being able to walk to so many amenities and benefit from all the infrastructure in the suburb.Originally from Adelaide, Ms Hateley-Watson said she did find the inner-city suburb a lot busier and more populated, but doesn’t mind it.“Traffic’s crazy, but that’s Brisbane,” she said.“I think it’s a happy medium where I am.“I definitely see myself staying in the Valley, if I stay in Brisbane.”TOP 10 DENSEST SUBURBS IN GREATER BRISBANE(people per square kilometre at 2017)1 Kangaroo Point — 68042 New Farm — 64533 Fortitude Valley — 62884 Highgate Hill — 56225 West End — 55196 Spring Hill — 53637 Brisbane City — 47898 Auchenflower — 47179 Taringa — 434910. Annerley — 4244(Source: ABS)TOP 10 DENSEST SUBURBS IN GREATER BRISBANE(people per square kilometre at 2012)1 New Farm — 60112. Kangaroo Point — 58263 Highgate Hill — 52954. Spring Hill — 48565. West End — 45956. Auchenflower — 45487 Fortitude Valley — 44048. Brisbane City — 43569 Taringa — 403610. Annerley — 3934(Source: ABS)TOP 10 DENSEST SUBURBS IN GREATER BRISBANE(people per square kilometre at 2007)1 New Farm — 56812. Kangaroo Point — 5650 3 Brisbane City — 48934. Highgate Hill — 47125. Spring Hill — 46256. Fortitude Valley — 42507. Newstead — 42378. Taringa — 38089. Annerley — 355010. West End — 3436(Source: ABS)
The obligation to use mark-to-market accounting and benchmarks are “diseases in the capital market”, according to Eric Breval, director of Switzerland’s first-pillar pension fund AHV. Speaking at the Swiss Leadership Pensions Forum in Zurich, Breval said he was convinced that, without these two “diseases”, it would be “absolutely feasible” for a Swiss pension fund to produce an annual return of 3% in Swiss francs.For a long-term investor, he said, volatility in bond investments “should not matter”, as long as the invested money plus interest is returned after the duration ends.“But, with mark-to-market valuation, you see every loss and profit during the period,” he said. However, Breval conceded that most Pensionskassen, including the AHV, could not avoid the mark-to-market approach completely.“All we can do is diversify,” he said.At the same event, Vera Kupper Staub, vice-president at the country’s top supervisory body OAK, detailed the institution’s plans for a new approach to assessing pension funds’ investment risk.The OAK is looking at four different risk parameters, including funding levels, return/interest rate promises, recovery strength and investment risk.Using those key figures, the supervisor will derive an overall picture of the second-pillar system’s health.For the assessment, to be initiated early next year via an online questionnaire, the OAK aims to “completely overhaul” the way it considers investment risk, Kupper Staub said in her keynote speech.“Currently, we focus more on qualitative parameters, but, from next year, we will focus on volatility risks,” she said.This assessment will be derived from the basic portfolio information, with rough figures on allocations to basic asset classes such as bonds, equities and real estate.“However, those Pensionskassen that voluntarily report more detailed information on their portfolios will get a more accurate risk assessment,” Kupper Staub said.She stressed that this would not be mandatory.She also took pains to emphasise that individual Pensionskassen should refrain from using the OAK’s risk assessment to make any strategic decisions.“It is a view of the whole system for which we have to make simplifications, and it is no representation of the individual situation of each Pensionskasse, as each fund has to take different additional risk parameters into account,” she said.Kupper Staub said that, on the one hand, risk in the second pillar had decreased in recent years, as capital markets had performed better.On the other hand, she said, those pension funds with above-mandatory assets had taken advantage of their “leeway” to minimise risk and adjust technical parameters.“But the Achilles heel of the system is its reduced ability to restructure successfully,” Kupper Staub said.“This makes it crucial for its stability that actuarially correct parameters be applied.”The debate surrounding the conversion rate – which is to be cut from 6.8% to 6% under the Altersvorsorge 2020 reform – is a heated one, as experts have warned that the 6% rate would be too high once the reform took effect, and that many funds had already fallen below that threshold.
In the dying moments of the game Drom were awarded a penalty for a foot block and David Collins calmly slotted home to send the game to extra time on a 1-14 to 3-8 scoreline.Loughmore pushed on and ran out winners by one point winning 1-16 to 3-9 after extra time.Afterwards Loughmore’s David Kennedy spoke to Tipp FM sport and he praised Drom & Inch’s contribution to a fantastic game.He also said the intensity of last night’s game will stand to Loughmore going forward in the Championship. Loughmore were crowned champions after extra time…Drom had led the way at half time by two points on a 2-4 to 1-5 scoreline.Tommy Nolan and Jamie Bergin combined well for scores for Drom Inch while Evan Sweeney and James Egan kept Loughmore in touch.Paul Ryan’s dismissal for a second yellow card meant Loughmore got a foothold on the game.