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Gold Coast homeowners make more than $500 million

Gold Coast homeowners make more than $500 million

first_imgREIQ Gold Coast zone chairman John Newlands said the Coast was seeing the flow-on effect from the investors coming from interstate and locally.Mr Newlands said the Coast’s new infrastructure, construction and tourism industries, and impending 2018 Commonwealth Games were giving buyers a renewed confidence in the city.“We are now getting some traction in the market place and seeing the flow-on effect from the investors coming from interstate and locally,” he said.“With the low-interest rates buyers are opening their wallets with confidence to buy.” The CoreLogic Pain and Gain report revealed 84 per cent of Gold Coasters made money — with the median profit at $110,000. GOLD Coast homeowners made more than $500 million in one quarter alone last year as the level of sales reached six year highs.Figures released today show eight out of 10 homeowners made a profit on sales in the three months to September 2016, pocketing almost $525 million.The CoreLogic Pain and Gain report reveals the median profit was $110,000.It was the best result for houses on the Coast since 2010.CoreLogic research analyst Cameron Kusher said strength was returning to the coastal markets.“You also see in Queensland interstate migration is picking up a little bit, particularly in the southeast corner.“Obviously people in Sydney and Melbourne possibly starting to think about their retirement they have seen significant growth in the value of their homes over the last few year, lots of equity.“The Gold Coast is one of the places they like to look at, so that could all be contributing to the improvement…”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North12 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoCoreLogic research analyst Cameron Kusher said strength was returning to the coastal marketsREIQ Gold Coast zone chairman John Newlands said there were “pockets” of housing around the Coast — including Burleigh Heads and Southport — that had experienced phenomenal growth in the past 10 to 15 years. “The people who have benefited from selling are those who took up good opportunities through the global financial crisis period, or people who have been holding on to their properties for 10 to 15 years in a suburb which has become quite popular,” Mr Newlands said.“Some suburbs have completely transformed. Like Burleigh Heads, it’s just one of several Gold Coast suburbs that come along immensely with new restaurants and lifestyle factors impacting it.“There are little pockets around the Coast that have completely transformed.”last_img read more

Team Van Oord: Birmingham Scheme in Full Swing

Team Van Oord: Birmingham Scheme in Full Swing

first_imgWork is underway on the second element of a £4 million flood prevention scheme in Birmingham, being carried out by Team Van Oord on behalf of the Environment Agency.The works are being carried out in two phases – Selly Park North and Selly Park South – and when complete will significantly reduce the risk of flooding from Bourn Brook, a tributary of the River Rea, for hundreds of local homes and businesses.Work is well underway on the Selly Park South flood defense scheme which comprises the construction of an embankment and a pile cladded wall to prevent water from overtopping the left bank of the River Rea, and creation of an area to store water during storm events upstream of the Dogpool Lane Bridge.Downstream of the bridge new reinforced concrete walls will be constructed to protect the properties directly affected by the works, which started in September 2016 and are scheduled for completion in autumn 2017.The scheme’s design was produced by Calthorpe Estates working closely with the Environment Agency, Birmingham City Council, Team Van Oord and other stakeholders as part of the Rea Catchment Partnership.[mappress mapid=”24212″]last_img read more

Greensburg business gets some ‘Buffalove’

Greensburg business gets some ‘Buffalove’

first_imgPhoto from FacebookGreensburg, In. — Owner of the Buffalo Wings & Rings in Greensburg, Terry Powell has earned the “Buffalove Award” at the 2017 annual conference for his work with an anti-bullying campaign.Kids are given wristbands and pledge cards as part of the “Humble and Kind Anti-Bullying Campaign.” The wristbands and cards are good for free movie tickets and food from BWR. More than 9,000 area students participate in the program that teaches respect for others, being humble and kind.Powell completely funds the effort and helps other business get involved as well.Philip Schram, Buffalo Wings & Rings Chief Development Officer says,” Terry not only cares about the community but he cares about his employees too. The Greensburg location has a low employee turnover rate and receives consistently positive customer reviews and service scores.”last_img read more