Gold Coast capital gains expected to beat growth in Brisbane

first_imgThe Gold Coast’s heavy lifestyle focus was expected to deliver strong gains as southern buyers look to get into the market. Picture: Nigel HallettTHE Gold Coast could edge out Brisbane when it comes to capital gains because of its heavy lifestyle slant, according to property analysis firm CoreLogic.CoreLogic research head Tim Lawless said that signs were emerging of subtle growth in Gold Coast values.“We suspect that Gold Coast growth will likely have been stronger than Brisbane growth,” he said. “That’s probably the result of strong demand for lifestyle properties, especially among Sydney investors who have been priced out of New South Wales.”.“But the Gold Coast may not be as big a benefactor of those Sydney investors as Melbourne, which is more appealing for many of them because of the stronger economy.”According to the latest CoreLogic Home Value Index, capital growth to April 30, 2017 forBrisbane-Gold Coast was 0.6 per cent in the month, 1.1 per cent over the quarter, 1.2 per cent for the year to date and 3.4 per cent year-on-year. CoreLogic doesn’t break the Gold Coast off on its own but includes it as part of the greater Queensland capital city region.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoSun, sand, and surf may not just be a good formula for tourism but also for the Gold Coast’s real estate market as buyers priced out of southern capitals look for somewhere to sink their savings. Picture Glenn HampsonThe median price across Brisbane to the Gold Coast was $495,000 for all dwellings, with houses at $541,500 and units at $403,500.Mr Lawless expected to see historic low rates continue to support the housing market and investment demand.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:47Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:47 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenMonthly Core Index : April00:47“Affordability constraints are very much evident across Sydney, and to a lesser extent Melbourne which would be progressively impacting on housing demand. Additionally, investment related demand is likely to ease due to the changed regulatory environment and tighter lending and servicing policies from the banking sector.”The coming week is expected to be a very interesting one for the property sector with the Reserve Bank board set to meet today and keep the cash rate target at 1.5 per cent, and the Federal Government set to deliver its Budget on May 9 – with housing affordability a focus.– With Aidan Devinelast_img read more

Bassa Pins Gedeh in Mock County Meet Opener

first_imgGrand Basa County narrowly whipped Grand Gedeh County 3-0 in the opening game of the 21-day’s Mock County Meet organized by the King Peter’s town Youth for Development, on the King Peter’s town sports pitch, Bong Mine Bridge community.Bassa’s hitmen Teklo Tweh, Mulbah T. Kollie, John S. Lebbie in the 43rd minute raised the curtain on the tackle-field of eight players on each side.The main financier of the tournament, Rep. Adolph Lawrence said the tournament was intended to develop the skills of the youths, engage in community consciousness and correlate with his constituency.The Montserrado County District #15 Representative, prior to the kick-off, admonished the players, referees and organizers to exhibit fair play.However, according to the organizer, the winner of the tournament will receive US$75; runner up will get US$50 and 2nd runner up will grab US$25.According to today’s fixture Margibi faces River Gee and Nimba meets Sinoe. On Tuesday, Bomi will lock horns with Lofa and Maryland will lock horns with Grand Kru County; and on Wednesday, Bong County will face Grand Cape Mount County.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more