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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

F2 Logistics works on Perez wish

F2 Logistics works on Perez wish

first_imgConor McGregor seeks to emerge from controversy in UFC comeback View comments Whether it’s NLEX or Magnolia, Fajardo says there is ‘no easy opponent’ for SMB F2 Logistics unloaded 59 points on attacks against 38 by Foton, which the blocks (11-7) and service departments (18-13).Foton tried to keep in step with F2 Logistics but committed 27 unforced errors.Sports Related Videospowered by AdSparcRead Next Tim Cone, Ginebra set their sights on elusive All-Filipino crown Jiro Manio arrested for stabbing man in Marikina Recto seeks to establish Taal rehab body to aid community, eruption victims Scarlett Johansson, Sterling K. Brown among SAG Awards presenters LATEST STORIES Cabuyao City rising above the ashes through volunteerismcenter_img Nadine Lustre’s phone stolen in Brazil MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew In Liverpool, Man United sees the pain and path to recovery On Saturday afternoon inside Muntinlupa Sports Center, Perez and defending champion F2 Logistics moved a step toward that goal by defeating Foton, 25-18, 23-25, 25-20, 25-16, in the Chooks to Go-Philippine Superliga Grand Prix.It was the Cargo Movers’ fifth win in six games.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folk“Today we showed teamwork,” said Perez. “We had very good combination of offense and defense and everybody played good together.”In the second match, Cignal HD took its turn in claiming victory over hapless newbie Smart Prepaid, 25-21, 25-18, 25-20. It was the HD Spikers’ third win in six matches, while the Giga Hitters slumped to 0-6. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Don’t miss out on the latest news and information. Last year’s Most Valuable Player Maria Jose Perez has a fervent wish for her birthday.“Everybody knows it, that’s to win another championship,” said the Venezuelan Olympian, who turns 30 on Sunday. “But it’s something we all have to work for.”ADVERTISEMENTlast_img read more