The QIS results have revealed big differences in the way individual EU countries have set up their occupation pension systems, he said.He said it depended on many things, such as local agreements between employer and employee organisations, taxes and state pensions systems, as well as history.“For that reason,” Hansson said, “we do not know how the Pillar I will be set up, and it’s too early to tell the impact. Anyway, it will be hard to have one system that fits all.”If such a system is still the intention, then there needs to be a deeper understanding of the impact and the value for the beneficiaries before the directive is designed and implemented, Hansson said.“Many of the IORPs are quite small and purpose built to generate maximum efficiency to their members,” he said.“Why should the beneficiaries in an IORP accept reduced efficiency for a one-size-fits-all system?”Asked about his expectations for pillars II and II of the directive, Hansson said: “The risk is once again that a one-size-fits-all reporting system will add all individual local government requirements to a ‘monster reporting system’ that only reduces the efficiency for the members of the IORPs.”Pensions are the future income for many people, he said, adding that, as such, they have to have a secure way of delivering expected values at low cost. The head of Sweden’s Sparinstitutens Pensionskassa (SPK) pension fund has warned of dangers if the upcoming IORP Directive incorporates a one-size-fits-all set of rules for pension funds in the EU.Peter Hansson, chief executive at the SEK22bn (€2.5bn) pension fund for Swedish savings institutions, said there was a risk the directive would lead to a “monster reporting system” that would end up making pension funds less efficient for their members.Hansson said it was not known what the first pillar of the new IORP Directive would eventually look like.“Generally, the problem is that we do not know,” he said in an interview in German blog Leiter-bAV.de.
Assets under management decreased to SEK115bn (€13bn) from SEK123bn at the end of 2012.SEB Trygg Liv Gamla, the closed traditional product at SEB, the banking group, returned 11.3% for 2013.The average return over five years has been 9.6%, earning praise from independent advisers judging it to be one of the best providers.The results for 2013 were boosted by listed and unlisted equities, as well as hedge funds and a low allocation to fixed income.At Swedbank Försäkring, the insurance arm of the Swedish banking group, traditional products returned 8.3% for the full year 2013, compared with 5.8% for the full year 2012. Assets under management also increased to SEK118.2bn from SEK103bn the year before.Alecta Optimal Pension, the traditional pension product managed by Alecta, the pension insurance provider, returned 17.3% in 2013.The fund has SEK31bn in assets.Meanwhile, Nordea Life & Pensions, the life and pensions arm of the Nordic banking group, saw assets under management increase slightly to €58.7bn at year-end, compared with €57.2bn the year before.The solvency level increased by 6 percentage points to 173%. Traditional pension savings products that have return guarantees saw returns increase among many Swedish providers during 2013.One of the exceptions was Länsförsäkringar Liv’s Gamla Trad fund, which lost 3%, compared with a return of 6.1% in 2012.In a statement, Länsförsäkringar cited a 76% allocation to long bonds out of a 92% allocation to fixed income.The company’s newer products, with different guarantees and a broader mix of assets, returned 4.3% since start in June 2013.
Spain’s occupational pension funds continued their upswing in performance during the third quarter to post a 3.48% return over the 12 months to 30 September, according to the country’s Investment and Pension Fund Association (INVERCO).This brings the average annualised returns for Spanish occupational funds to 4.52% for the three years to 30 September and 5.99% for the five years to that date.INVERCO said: “The markets contributed in a very positive way to value generation for pension plan members, especially in July, when international exchanges achieved very positive returns.“The outstanding performance came from those plans with a greater exposure to long-term fixed income.” The 12-month performance to the end of June had been -0.49%, an improvement on the -3.33% for the 12 months to the end of March, largely caused by market instability in the first few months of the year.According to David Cienfuegos, head of investment for Spain at Willis Towers Watson, the 12 months to March 2016 was probably the worst year-to-year period since 2011, so subsequent year-to-year results would benefit simply by excluding the market peak in March 2015.Meanwhile, equity markets have rebounded from their March 2016 lows.“In addition,” Cienfuegos said, “we’ve seen euro bond prices continue to rise, as yields collapsed to their lowest levels by the end of the third quarter of 2016. However, since then, yields have gone up, and that will probably hurt performance for corporate pension funds overexposed to traditional fixed income.”He said some of Spain’s largest occupational pension funds had dramatically reduced their overall exposure to traditional fixed income, while incorporating US credit, high yield, securitised credit and loans to fight the current low-yield market environment.“Alternative credit has been a clear trend in the market for the past few quarters, and we expect that to continue into 2017,” he said.“Furthermore, absolute return-type strategies are clearly an area corporate pension funds in Spain are exploring to potentially protect their portfolio against a challenging market environment over the next few years.”As of the end of September, total assets under management for the occupational pensions sector stood at €35.3bn, an increase of 0.9% over the past 12 months.Total pension assets, including those in individual plans, have risen to €104.6bn, a 3% increase over the year.For pension funds as a whole, the biggest single component of portfolios – 30.8% – is still invested in Spanish government bonds, though there has been a slight shift in the past quarter towards Spanish corporate bonds, which now form 18.3% of portfolios.Fixed income investments overall, including non-domestic holdings, make up 57.6% of portfolios.But equity allocations have slowly increased, to 23.7% of portfolios.Meanwhile, Mercer’s Pension Investment Performance Service (PIPS) shows that non-euro-zone equities was the best-performing asset class over the 12 months to end-September, with a 13% return, compared with 0.7% for euro-zone equities and 4.9% for fixed income.The overall return was 4.8% for the 12 months to the end of September, compared with 0.9% for the 12 months to the end of June.Xavier Bellavista, principal at Mercer, said non-euro-zone equities had done well over the past year because the US and, in particular, emerging markets had done better than other regions, while Europe was the worst-performing equities market.“Fixed income holdings have done well because they have a bias towards euro-zone government, and Spanish, fixed income,” he said. “These assets have benefited from falling interest rates.”Bellavista said Spanish pension funds were continuing to diversify their asset allocation and, in particular, their fixed income assets to tackle the extremely low interest-rate environment.“We have been recommending very prudent decisions to our clients,” he said.“We think equities will generate reasonable returns, with the upside risk to earnings growth balanced by the upside risk to interest rates. For government bonds, there is further upside risk to yields, which are still exceptionally low in historic terms.”
The €1.8bn pension fund of Dutch supervisor De Nederlandsche Bank (DNB) has fully focused its investment policy on covering its liabilities.In its annual report for 2016, it said it had simplified its investments and divided them between a matching and a return portfolio, both under passive management.By placing only Dutch and German long government bonds and interest swaps in its new liabilities portfolio, the scheme said it expected to improve management of its interest rate hedge and drive down costs. Its strategic allocation to this portfolio is 60.6%The scheme added that planned to improve the implementation of its investment principle of “passive, unless”, as well as its responsible investment policy. Implementing responsible investment had been difficult for funds investing in credit or emerging market government bonds, the scheme said.The new set up meant that the pension fund divested its emerging market holdings, as well as allocations to euro-denominated core bonds, global high-yield bonds and US credit.With returns of between 10.5% and 15.9%, these investments performed well last year.The pension fund said credit and high yield had benefited from investors’ search for income, as well as the ECB’s bond purchasing programme and limited market liquidity.The 26% equity allocation has remained unchanged within the new strategic return portfolio. The scheme also kept 2% in cash.However, the DNB scheme increased its property holdings to 11.4%, at the expense of fixed income.The property allocation – largely invested through REITs – yielded 9.4% last year. Worldwide equity generated 11.2%, and UK equity also performed well, the scheme said.Pensioenfonds DNB posted a net overall result of 11.6% for the year.The pension fund added that it kept its interest rate hedge at 75%, as well as retaining its full currency cover of the dollar, the pound and the yen.It said that a survey had indicated that there was no need yet for the DNB scheme to co-operate with the pension fund of fellow supervisor AFM through a general pension fund (APF).Communication watchdog AFM has decided to place its pension arrangements into a commercial APF and has issued a tender.Last year, the Pensioenfonds DNB granted its active partipants an indexation of 0.03% based on the consumer index. A small group of pensioners and deferred members, who still qualify for inflation compensation based on the salary index, received a 0.66% indexation.The scheme saw its transaction costs drop 8 basis points to 0.12%, while its asset management costs decreased from 30 to 27 basis points. Its administration costs, however, rose from €326 to €369 per participant.At year-end, the pension fund had 1,955 active participants, 1,430 pensioners and 1,625 deferred members. Last June, its coverage ratio stood at 118.3%.
The trustees were also given greater powers if any of the above commitments were not met.Malcolm Weir, director of restructuring and insolvency at the PPF, said: “This offer goes a long way to addressing the PPF’s concerns and, in de-risking the pension scheme, offering greater protection for the current and retired members in the pension scheme.”The PPF took over the pension creditor rights earlier this month when the company first lodged a Company Voluntary Arrangement (CVA), as the restructuring proposals are formally called.Earlier this week it had said it “felt compelled” to vote against the CVA proposals despite its engagement with the company.In a letter to the chair of the parliamentary Work and Pensions Committee, PPF chief executive Alan Rubenstein had added: “The challenges faced by the company, with its US parent in Chapter 11 bankruptcy and the current position of the UK high street, are not of the pension scheme’s making.”“The role of the PPF is to protect the pension scheme members and to reduce the potential costs to other employers who sponsor defined benefit schemes in the UK,” he noted. “We continue to engage with the company to strive to ensure an outcome in the best interests of our members and levy-payers.”The Toys R Us Pension & Life Assurance Scheme has around 600 members, a PPF deficit of around £30m and a buy-out deficit of approximately £93m, according to information in Rubenstein’s letter.Commenting on the last-minute agreement reached yesterday, Graham Barker, chair of the trustees, and Tom Lukic, director with Dalriada Trustees Limited, professional trustee to the scheme, said: “While the trustee board very much appreciates the impact of the CVA on a number of employees and stores, we are pleased that agreement has been reached for the PPF to vote for the CVA.” New PPF levyThe PPF this week published its final levy rules for 2018-19. The levy estimate is £550m, just over 10% lower than the levy estimate for 2017-18 (£615m).David Taylor, executive director and general counsel at the PPF, said: “The levy we receive continues to play a vital role in our funding strategy. Despite significant risks, we’re on track to meet our long-term funding target which means we can set the levy at this level.”The country’s pension fund association said the £550m levy was the lowest ever, and that two-thirds of schemes would pay a lower levy.“We are also pleased to see that SMEs will see both a 30% reduction in bills and a simplified process for certifying Deficit Reduction Contributions,” said Caroline Escott, investment and defined benefit policy lead at the Pensions and Lifetime Savings Association.The PPF also updated its own insolvency model to make use of credit ratings where available, or a specific credit model for financial institutions, to assess insolvency risk. The Pension Protection Fund (PPF) has struck a deal with the UK division of retailer Toys R Us to protect its pension scheme while preventing the company from falling into administration.The UK lifeboat fund had been poised to vote against a restructuring proposal at a creditors’ meeting yesterday, but before the vote took place the company made concessions to satisfy the PPF.The company agreed to pay £9.8m (€11.1m) into the pension plan: £3.8m upfront in 2018, and a further £6m promised during 2019 and 2020.The deal has also shortened the pension deficit recovery plan to 10 years, and Toys R Us has undertaken to seek additional support from its US parent company for the pension scheme.
Dutch pension manager PGGM has joined a consortium tasked with reinforcing the Afsluitdijk, the large dam and causeway closing off the former Dutch Zuiderzee from the Wadden Sea.PGGM is participating through its joint venture with construction company BAM. The €921m project has a duration of 25 years and is and aimed at constructing, maintaining and financing the Afsluitdijk. It is to be carried out by Levvel, a consortium also comprising Van Oord Aberdeen Infrastructure Partners and consultancy RebelValley.According to Rijkswaterstaat, the government department for waterways and public works which commissioned the project, three consortia had tendered for the job. Slagers, the Dutch butchers’ industry scheme, is to add 4,000 membersJohn Klijn, also a trustee of the union, said that until now, poulterers’ staff usually lacked a pension plan or had poor insured arrangements.In his opinion, increasing Slagers’ active participants was also “an opportunity” for the butchers’ scheme.Klijn said he didn’t expect problems with adjacent sectors about the poulterers joining Slagers.“The difference with VLEP, the scheme for the cold meat industry, is clear, as a company processing more than 5,000 kilos of meat a week, is subject to mandatory participation in the industry-wide pension fund,” he said.Although the scheme for the retail sector (Detailhandel) also considers poulterers as affiliated shops, Klijn didn’t expect problems here either.“No more than a handful of poulterers have joined Detailhandel, but they will move to Slagers next year,” he said.Currently, Slagers has 13,450 active partipants, 46,340 deferred members and 9,955 pensioners. It hass 2,400 affiliated employers.The industry-wide pension fund has outsourced its administration to AGH. Its assets are managed by Kempen Capital Management.Agreement against double taxation between Netherlands and BelgiumDutch and Belgian tax authorities have reached an agreement to prevent double taxation of Dutch pensions in Belgium.In a letter to parliament, Menno Snel, Dutch state secretary for finance, said that the Netherlands wouldn’t levy income tax on these pension benefits if Belgium charged “sufficient” tax.As of 1 January, the Dutch tax authority introduced a levy on pensions of more than €25,000 as a consequence of Belgian case law that had made it unclear to the Dutch Inland Revenue whether pensions would be taxed sufficiently in Belgium.The measure affected 1,300 Dutch pensioners in Belgium and Belgian pensioners receiving benefits from a Dutch employer.This had resulted in situations of double taxation, according to Snel.He said that the agreement would allow the Dutch Inland Revenue to charge if the tax in Belgium was deemed too low. Belgium would refrain from double taxation in these cases.According to the state secretary, the Dutch and Belgian tax authorities would also start exchanging information to prevent double taxation as well as double non-taxation. Levvel’s responsibilities include strengthening of the 32-kilometer dam – completed in 1932 – and install pumps to drain away water to the Wadden Sea.The consortium will also construct a new cycle path along the Wadden Sea.The Afsluitdijk reconstruction is a public private partnership project, including a government contribution and bank financing.PGGM said that it would contribute 40% of the assets required for the project, comprising “dozens of millions of euros”.It said the investment would provide “stable and long-term returns against a modest risk”.Earlier this month, the joint venture of PGGM – the asset manager of the €197bn healthcare scheme PFZW – and BAM was commissioned to widen the motorway A10-A24, north-west of Berlin, Germany.The €650m reconstruction also comprised financing, maintaining and managing the motorway. PGGM and BAM have been granted a 70% stake in the projectThe joint venture was also involved in the €600m construction of new sea locks in IJmuiden, which has turned out to be much more expensive than planned.However, this mainly came at the expense of BAM, which has made a provision of almost €70m for setbacks. PGGM has said that, as financier and future operator of the project, it would not suffer from delays and higher construction costs.Poultry sellers escape paltry pensions in butchers’ schemeApproximately 4,000 staff from the Dutch poultry industry are to join the €2.2bn sector pension fund for butchers (Slagers), increasing its active participants by 30%.According to the FNV union, the agreement for pensions accrual formed part of a new collective labour agreement, which is to come into force as of March.
1 Heidelberg Circuit, Robina sold for $1 million under the hammer.THE weather may have cooled but real estate is still running hot on the Gold Coast with a Robina house selling for $1 million under the hammer on the weekend.The property, at 1 Heidelberg Circuit, attracted a crowd when it was offered to the market on Saturday. 1 Heidelberg Circuit, Robina.CoreLogic data showed the Gold Coast had an auction clearance rate of 38.2 per cent over the weekend with 13 out of 34 homes selling under the hammer.Brisbane recorded a 50 per cent clearance rate. 1 Heidelberg Circuit, Robina.Bidding kicked off at $850,000 and went up in $25,000 and $10,000 increments before it stalled at $950,000.“We then negotiated with the buyer,” Ray White Broadbeach-Mermaid Waters agent Sabrina Chen said.“It ended up selling to a local Gold Coast family.”More from news02:37International architect Desmond Brooks selling luxury beach villa16 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe six-bedroom house offers dual living arrangements with separate upstairs and downstairs quarters.“It’s great for families but it’s also good for investment as you can rent a whole level out,” Ms Chen said. 1 Heidelberg Circuit, Robina.Other standout features include a resort-style pool, media room and LED lighting throughout.Ms Chen said the vendors chose to go to auction after successful auction experiences in both Sydney and Melbourne.“People do have perceptions about selling via auction but this seller was comfortable dealing with auctions,” she said. “It was a great result.”She said 22 groups inspected the property over its marketing campaign.“The market, Id say, is stable at the moment,” she said.
Haesley Cush in full auction action. Picture: AAP/David ClarkAN agent recently asked me whether a buyer needed to have the deposit at the auction.I was a little surprised at the question given the experience of the agent. But it reminded how specialised auctions are within the industry.The simple answer is yes, you need the deposit at the auction, unless the owner allows for something different, in which case that would apply.For example the standard terms of an auction call for a 10 per cent deposit. But almost every modern auction accepts a five per cent to ten per cent deposit.This reduction is approved by the owners and then offered to the buyers.It made me think about the basic things buyers, and some agents, need to know when bidding at an auction. Some basic auction information: — The name you register in, is the name that goes on the contract. You must know the entity you are buying the property in. Is it your name, your partner’s name, is it a trust fund? More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus18 hours ago— Take your drivers licence or passport when registering.A good tip is to register with the agent before the auction date, it saves confusion and leads to less errors on the day. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 7:28Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -7:28 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, 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 Rate1xFullscreenElizabeth Tilley talks prestige property07:29 — Unless you have a personal cheque book, then ask the agent if you can transfer your deposit within 48hrs or ask for a set dollar amount that you can get as a bank cheque.— Settlement can be altered, shorter or longer, but only if the owner accepts. You should ask your agent before the auction day.— You can only sign for yourself, unless you have a written letter from someone else stating you can sign for them eg power of attorney or bidding authority. So if the property has joint owners they must attend or give you a letter.— It is not law on Queensland that a property is announced “On the Market”, it is simply a local traditional. To avoid missing out, you should bid or ask your agent.Getting your terms and bidding entities right is an essential part of a binding contract. To avoid disappointment ensure you speak to your agent before the auction and have all your information in order.
The house is three levels, each of which has an outdoor area to admire the view. MORE NEWS: Coast doesn’t have enough land Check out the multimillion-dollar views! The house at 67 Jefferson Lane, Palm Beach sold for $4.01 million under the hammer at the weekend.HOUSE hunters are going to great lengths to secure property on the Gold Coast’s tightly held beachfront.A Brisbane couple splashed more than $4 million on one at the weekend that they won’t even get to live in — at least not straight away.The Palm Beach house is tenanted, fetching $2200 each week in rent.Marketing agent Lucy Cole, of Lucy Cole Prestige Properties, said it was ideal for the new owners who bought it at auction on Saturday with investment in mind. Among Savills’ sales in the past week are no. 51 in the Carmel by the Sea building on Old Burleigh Rd, which sold for $1.265 million, and no 2901 at The Wave Resort on Surf Parade, which fetched $1.38 million.“This is a really encouraging sign for the Gold Coast market, especially in light of some of the negativity we’re seeing come out of Sydney and Melbourne,” Mr Jones said. “Capital is continuing to flow into our property market and it’s evident that buyers are seeing value in the properties being presented at the moment. We’re quite confident this trend can continue well into the new year.”He said off-the-plan sales were also performing well, especially those backed by developers with a good reputation. Not a lot of people can say they can walk out their back door onto the beach.“It was just perfect for their needs and they’d been looking for a while,” she said.The auction drew a big crowd with five groups registering to bid.Mrs Cole said the bids rolled in quickly before the hammer came down at $4.01 million.“It just went on and on, it was a fantastic auction,” she said.“There would have been at least 45 people there.“The owner had even flown in from New Zealand.”More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoMrs Cole said demand for the home was particularly high because of its location, with many people passing beachfront properties down through the generations.“They’re very tightly held, especially at the southern end of Palm Beach,” she said.Meanwhile, demand for top end apartments, particularly those close to the beach, is surging with cashed-up buyers already spending millions before the Gold Coast’s traditionally busy holiday sales period has started. Wake up to the sound of waves crashing onto shore.Savills Gold Coast director Christopher Jones said they were seeing more buyers with “deeper pockets” coming into the market, many looking for apartments close to the beach.“There’s a solid level of interest from interstate and New Zealand buyers and especially from Brisbane while there is still a strong cohort of local Gold Coast buyers downsizing to luxury apartment living,” he said.“At the moment, our agents have eight potential buyers looking for beachside apartments priced above $1 million to $2 million at Broadbeach.”MORE NEWS: Live outside this summer Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, 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 Rate1xFullscreenWhy location is everything in real estate01:59 Inside, it’s modern and open plan.
MORE NEWS: Imagine living in a house that starred in a TV show The property has had an impressive two-year renovation. The Osman’s transformed it into the ultimate family entertainer.Owner Priscilla Osman, who lives at the house with her husband and their four children, said they had just finished a two-year renovation where nothing was left untouched. “We fully renovated the house to make it suit our requirements, we are big entertainers,” she said. “The hub of the home is the kitchen island bench where everyone gathers. “The pool is like an extension of the house, right in front of the kitchen so it’s great to watch the children having a fantastic time.” The tranquil bushland forms an picturesque backdrop. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, 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 Rate1xFullscreenStarting your hunt for a dream home00:51 There’s plenty of fun to be had at 18 Camphorlaurel Court, Tallebudgera Valley.FAMILIES will be zipping into a fun-filled adventure at this hidden Gold Coast treasure. The stylish Tallebudgera Valley house is a haven of fun thanks to is bushland setting and impressive backyard.There’s a resort-style infinity pool with adjoining deck that has outlooks of the tranquil surrounds, plus a creek that runs through the back of the property and a firepit nearby to get the camping experience without leaving the comfort of your own home.To top it all off, there’s a flying fox that will zip its riders over the creek to the back of the property. MORE NEWS: Coast’s most popular house revealed Ms Osman said the five-bedroom house was the ultimate family home. 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“Our house is all about family,” she said. “From the moment I stepped onto the land, I instantly fell in love with it, it had a nice spiritual vibe. “The artwork is the trees and children playing, you can see them from every part if the home.” The house has five-bedrooms and three bathrooms.She said the best part of the property was it got the kids outside in nature, whether they were climbing trees, fishing in the creek, yabbying, catching eels, swimming or looking at the fireflies down in the bushland.“We are leaving because our boys have become surf fanatics and we have decided to move closer to the beach because of their passion for surfing,” Ms Osman said. “It’s really sad to leave because we love this house.” The property at 18 Camphorlaurel Court is on the market through LJ Hooker Burleigh Heads agents John Fischer and Danny O’Donnell with an expressions of interest campaign.