Brown Batch released Allied Bakeries has revamped its Allinson brand and launched a new Brown Batch loaf, “with the taste of sourdough”, to mark the occasion. The relaunch, which includes a new look and marketing campaign, aims to recapture some of the original heritage and character of the 120-year-old bread brand.Late opening blockedPlans by the owners of Clervaux Café and bakery, in Darlington to open the shop until 11pm every night have been met with objections from local residents, according to The Northern Echo. Seven have written to the local council with worries over noise and safety.Old-style inspirationGraham’s Bakery in Epworth, Doncaster, has started baking cakes using a 1902 recipe book, discovered during a recent renovation. Co-owner Pete Gunson is making one cake a month from The Big Book of Cakes and plans to print recipe cards for customers.Facility upgradeBarry Callebaut is to invest nearly CHF25m (approximately £18.24m), to upgrade and expand its facilities following the divestment of its European consumer business. It is hoped the investment will enable it to further strengthen its footprint in Western Europe. The firm is also upgrading its chocolate factory in Banbury.
NAB expects Brisbane house prices to remain flat in the next two years. Image: AAP/Glenn Hunt.Its Residential Property Index fell sharply in the June quarter — down 17 points to sit at +6, although sentiment in Queensland was higher at +14 points.The bank’s economists expect prices for houses in Brisbane to remain “broadly flat” over the next two years, while the forecast for Sydney and Melbourne is for prices to drop. NAB predicts a sharp decline in unit prices of 4.5 per cent in Brisbane over the next year.Confidence in the housing market nationally also fell to a new low, driven mainly by the cooling of prices in NSW and Victoria. NSW CARPARK COSTS SAME AS QLD UNIT Property professionals surveyed by NAB predict Queensland will lead the country for capital growth in the next two years.QUEENSLAND’S housing market is tipped to lead the country for capital growth in the next two years while prices in NSW and Victoria continue to slide, according to a survey of hundreds of property professionals. The latest National Australia Bank (NAB) quarterly survey of 300 respondents reveals the industry expects house prices in Queensland to increase by 0.7 per cent in the next year and to have risen by 1.3 per cent in two years. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Aerial images of suburban houses in southwest Brisbane.Foreign buyers’ appetite for property fell in all states, except Queensland, where the share of sales to that market jumped to a four-year high of 22.8 per cent in the past quarter.“This may have reflected anecdotal reports of increased Chinese property investment associated with record numbers of Chinese student enrolments in the state,” the report said.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoIn Queensland, foreign buyers accounted for 5.4 per cent of all residential property sales in the three months to June 30.But NAB’s own view of the housing market is less optimistic. MEGA MANSION SELLS FOR $11M PLUS National Australia Bank has released its June quarter Residential Property Index. Image: AAP/Joel Carrett.Areas tipped to enjoy above average growth over the next year include Brisbane, Cairns, the Gold Coast and the Sunshine Coast, with Coomera and New Farm singled out as suburbs expected to outperform.The outlook for rents in the state is also positive and likely placing upward pressure on yields.Property professionals predict rental growth in Queensland of 1.3 per cent over the next 12 months and to have grown by 1.9 per cent in two years.Despite tougher restrictions on housing investment, the number of local investors in new property markets were especially active in the sunshine state, with more than 32 per cent of buyers in this market in the second quarter of 2018. ONE IN FIVE EXPECT TO RENT FOR LIFE NAB chief economist Alan Oster.NAB chief economist Alan Oster described Brisbane’s housing market as “going sideways”, but he said house prices were still up about 13 per cent from their previous trough around 2010. “It hasn’t peaked yet, so that’s good,” he said.“We’re seeing quite strong economic activity in Queensland, so that always helps.”But Mr Oster said Brisbane’s unit market was still a concern as it was about four times overbuilt.In its latest report, industry forecaster BIS Oxford Economics predicted Brisbane would experience the highest house price growth of all capital cities over the next three years — jumping 13 per cent, or $70,000, to a median of $620,000.And while ANZ sent east coast homeowners into a panic recently when it predicted Sydney and Melbourne house prices would likely slump 10 per cent, it had no such bad news for Brisbane.ANZ senior economist Daniel Gradwell said Brisbane’s improving economy and population growth would keep it “insulated” from the impending property correction in its neighbouring cities.
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