Best Gold Coast suburbs to buy an investment unit

first_img1. Nerang 7.2% 2. Ashmore, Highland Park, Merrimac, Upper Coomera 6.9% 3. Arundel, Pacific Pines, Reedy Creek 6.8% 4. Coombabah, Oxenford 6.7% 5. Bundall, Molendinar, Surfers Paradise 6.6% 6. Biggera Waters, Coomera, Mudgeeraba, Southport 6.5% The data shows that more demand than rental supply on the Gold Coast is resulting in rising rents. The annual rent for two-bedroom units saw a 2019 median of $450 per week compared with $440 per week in 2018. Beachside unit 10/80 Pacific Parade, Bilinga is under offer with an asking price of $685,000.Southern suburbs filled out the Top 3 podium, with median values in Currumbin Waters gaining by 47.7 per cent while values in Miami rose by 44.5 per cent. Return on investment The rise of the online auction army REIQ: Top median unit/townhouse value gains (5 years) CoreLogic: Top median rental yields (12 months)center_img In their analysis, the REIQ noted that medium-term price performance had been positive, with units recording a price rise of 18.5 per cent on the $367,000 figure from five years ago. Suburbs which saw a double-digit percentage rise in their annual median unit price over the past year were Arundel (20.1 per cent), Bundall (14.0 per cent), Clear Island Waters (12.1 per cent) and Currumbin Waters (11.7 per cent).More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago 1. Bilinga 68.1% 2. Currumbin Waters 47.7%3. Miami 44.5%4. Hope Island 43.5%5. Coomera 40.9%6. Burleigh Heads 40.7%7. Coolangatta 40%8. Palm Beach 39.9%9. Bundall 38.4%10. Mudgeeraba 38.3%And while there is significant concern about how COVID-19 will impact the economy, REIQ CEO Antonia Mercorella said it was important to remember how property markets have responded in the past.“The illiquid nature of property as well as the tendency for homeowners and investors to hold for the long-term means this asset class can withstand short-term financial upheavals better than most, which is likely to be the situation following the coronavirus pandemic as well,” she said. “There is a reason why the adage ‘as safe as houses’ has been around for so long.” MORE NEWS: ‘Isolated property’ demand surges after coronavirus escalation And when it comes to return on investment, CoreLogic’s Quarterly Rental Review for March 2020 identified the top median rental yields for units over the past 12 months.Across the city, units in Nerang recorded the best result with rents increasing by 7.2 per cent with a median rental value of $412 per week.In second place, median rental yields in Ashmore, Highland Park, Merrimac and Upper Coomera rose 6.9 per cent while at number three, values in Arundel, Pacific Pines and Reedy Creek rose by 6.8 per cent. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 3:08Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -3:08 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, 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 Rate1xFullscreenHow will COVID-19 compare to other market downturns03:08Record low interest rates, stock market volatility and forced sales due to the coronavirus are expected to fuel a surge in interest in investment properties on the Gold Coast.Despite Federal Government restrictions suspending on-site and in-room auctions and group open homes, agents are reporting strong interest from investors ready to do business. “Buyers from Sydney and Melbourne are starting to put their feelers out,” said Amir Prestige Paradise Point agent Charlon Delos Angeles. “There are a lot of people who are in the fortunate position to purchase in this situation.”And for those hunting an investment opportunity, the latest property data reveals the best suburbs to own an investment unit in terms of both capital gain and rental yield.The REIQ Queensland Market Monitor revealed median value gains for units and townhouses over five years to December 2019.On the Gold Coast, Bilinga recorded the highest median gain, with units and townhouse values jumping by a whopping 68.1 per cent in five years.last_img read more

DryShips to Purchase Quartet from Economou Entities

first_imgGreece-based ship owner and operator DryShips has reached an agreement to buy four vessels from entities owned by its Chairman and Chief Executive Officer, George Economou.Under the deal, agreed on October 29, the company would pay USD 198.5 million for three Newcastlemax drybulk carriers and one coated Aframax tanker.The bulkers were built in 2016 and 2017, respectively, while the tanker was built in 2010.DryShips explained that the purchase includes existing financing in place and will be effected by way of stock purchase agreements and/or long-term bareboat charter parties with purchase obligations.All vessels are expected to be delivered to DryShips before the end of 2018 and in connection with the transaction, Economou’s entities have also agreed to time charter the three Newcastlemaxes on index-linked time charters of flexible durations, with DryShips having the option to convert these to fixed rate charters.The entities, TMS Dry and TMS Tankers, have agreed to forgo all commissions effective under the various respective management agreements in connection with the vessel purchases.DryShips revealed the acquisitions as part of its financial report for the quarter ended September 30, 2018. The company’s net income for the quarter reached USD 11.6 million, compared to a net loss of USD 17.9 million reported in the same period a year earlier.Voyage revenues for the period surged to USD 49.5 million from USD 29.9 million seen in the corresponding quarter in 2017.last_img read more

Abortion help programme launched

first_imgRadio NZ News 25 July 2014A programme to help women struggling after having an abortion started this week in Tauranga.Barbara Hill is running the Living in Colour programme, which was developed by author Jenny McDermid and is run in Canada.Ms Hill had an abortion almost 40 years ago and said up to as late as last year she was still feeling sadness over her decision to terminate her pregnancy.“I always had an anniversary reaction. Every January I got the blues. There was a lack of bonding. I had excessive anger. I disliked babies. I still have a job dealing with any babies under about six months old,” she said.She also turned to alcohol to suppress her feelings but has finally let go of the grief, having been through the programme twice.“I’ve become more joyful. I’ve forgiven myself. I’m more at peace and I have a sense of moving on, and I think it’s released me to really enjoy my kids that I have,” she said. programme a NZ firstSunlive News 8 July 2014Tauranga will be the first place in New Zealand to trial a recovery programme for women struggling with the after-effects of abortion.Women of all ages can register their interest in the eight week course, designed to heal emotional fallout that can surface months, years or decades after a termination. read more

Batesville grad, Frye declines congressional run

first_imgBatesville, Ind. — Batesville High School graduate and Republican state representative from the 67th district in Indiana, Randy Frye has declined a run for Congress. Frye says he has given the matter serious consideration but feels he can be most effective remaining at the state level.After the decision, Frye publicly thanked his supporters.Democrat, Lane Siekamn has announced he will challenge incumbent Luke Messer. Siekman is a fifth generation Ohio County resident and serves as the executive director of the Ohio County Economic Development Corporation and secretary of the Southeast Indiana Regional Growth Alliance.Will Messer run for reelection?Earlier this year Messer established statewide finance committee headed by Greg Pence, brother of Vice President Mike Pence. Other members of the committee include former GOP party chairman Murray Clark, Jim Kittle, Al Hubbard and Mike Pence campaign official Marty Obst. Political insiders believe Messer is preparing to challenge Democrat U.S. Senator Joe Donnelly.Republican Congressman Todd Rokita’s name has also been mentioned as a possible challenger for the Indiana U.S. Senate seat.Messer has not made an official announcement, but in April his office reported raising about $700,000 in the first quarter of 2017. Combined with $925,000 left over from the 2016 election cycle, Messer has a campaign war chest of more than $1.6 million.last_img read more

The Latest: Speedway Motorsports lays off, furloughs workers

first_imgThe Latest: Speedway Motorsports lays off, furloughs workers Speedway Motorsports owns the Atlanta, Bristol, Charlotte, Kentucky, Las Vegas, New Hampshire, Sonoma and Texas tracks. The coronavirus pandemic caused NASCAR to suspend the season just four events into a 36-race schedule. To date, Speedway Motorsports has had its races at Atlanta, Texas and Bristol postponed.Tracks receive a significant financial payout from NASCAR’s television contract, but that revenue has stopped without racing.Both NASCAR and Speedway Motorsports are hoping to restart the season May 24 with the Coca-Cola 600 at Charlotte Motor Speedway. ___Novak Djokovic has been praised by the director general of the local health authority in Bergamo for his donation to help control the coronavirus outbreak in Italy. Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Speedway Motorsports, owner and operator of eight tracks that host NASCAR’s top Cup Series, has laid off 180 employees and furloughed 100 as part of a company restructuring during the sports shutdown. Peter Assembergs says “we never expected to see on our bank account a donation from such a prestigious person.”Assembergs says “reading among the donators the name of the best tennis player in the world … made me emotional.”The money will be used to help buy ventilators and other medical equipment.Djokovic, his wife and their foundation recently donated 1 million euros (about $1.1 million) to help hospitals in Serbia.___center_img April 15, 2020 This year’s Tour de France will start on Aug. 29 and finish on Sept. 20 and will be followed by cycling’s two other major races.The International Cycling Union announced the new dates after consulting with race organizer Amaury Sport Organisation. The Tour could not start as scheduled on June 27 because of restrictions related to the coronavirus pandemic.The UCI also says the world championships will go ahead as planned from Sept. 20-27 and will be followed by the Giro d’Italia and the Spanish Vuelta. No official dates were given for those two major races.The UCI says prestigious one-day road classics such as Paris-Roubaix and Liège-Bastogne-Liège will be maintained at dates still to be defined.___ More AP sports: and,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

Three Syracuse runners advance to NCAA Outdoor Championships

first_imgSyracuse runs on.Three members of SU’s track and field team qualified for the 2013 NCAA Outdoor Championships after their performances from Thursday to Saturday at the NCAA East Preliminaries at the Irwin Belk Track inside of Aggie Stadium on the campus of North Carolina A&T in Greensboro, N.C.Fifth-year senior Lauren Penney, sophomore Donald Pollitt and freshman Brianna Nerud will represent the Orange in the national competition in Eugene, Ore., from June 5-8.Pollitt and Nerud will be making their first appearances at the NCAA Championships but for Penney, it’s nothing new.As a freshman, Penney was part of the first women’s cross country team in SU program history to run in the 2008 NCAA Championship, claiming 145th in 21:49 in the 6k.AdvertisementThis is placeholder textNow as a school record-holder in four different races, Penney has advanced to the NCAA Championship 5000-meter race for the second consecutive year. The graduate student, who holds the school record in the 5,000-m race (15:56.80), qualified for nationals after finishing second in her heat and fourth overall in the preliminary round with a time of 16:11.14.In the 2012 outdoor season, Penney reached the NCAA Championships, while finishing in 22nd place in the 5,000-meter run. This past fall indoor season, Penney reached the NCAA Championships for the 3,000-meter run. She finished 12th in that race.Pollitt will compete in the 110-meter hurdles.His time of 13.68 seconds in the semifinals qualified him for nationals and gave him the sixth-best overall time at the regional competition.Nerud will compete in the 3000-meter steeplechase after finishing fourth overall in the event on Friday with a time of 10:03.18.Last July, Nerud broke the national high school record in the 3,000-meter steeplechase at the IAAF World Junior Championships in Barcelona, Spain, with a time of 10:00.72 as a member of Team USA.For complete coverage of the NCAA Championships including live results check out the Men and Women’s Track and Field (Outdoor) tabs on Comments Published on May 28, 2013 at 5:43 pm Contact Bryan: Facebook Twitter Google+last_img read more

Football schedule released

first_imgThe Pac-12 Conference released the USC Trojans’ 2014 football schedule last Wednesday. It will feature six home games, some familiar rivals and a coast-to-coast trip in mid-September.The Trojans, who finished 19th in the AP poll with a 10-4 record in the 2013 season, will open the season at home on Aug. 30 against Fresno State — a foe the Trojans vanquished by a score of 45-20 in the Royal Purple Las Vegas Bowl in December. This marks the first time the Trojans have opened the season against the same opponent they ended the last season with since 1917, when the Trojans — then playing at Bovard Field — defeated Arizona in front of a crowd of 2,000.The team will waste no time getting into the Pac-12 mix as it travels the next week to Palo Alto, Calif. to take on Stanford in a much-anticipated rivalry matchup on Sept. 6. The Cardinal, who finished the 2013 season ranked No. 11 in the AP Poll, will look to avenge their surprising defeat at the Coliseum last season.From there, the Trojans will catch a flight across the country to take on Boston College on Sept. 13.After a bye week, the Trojans return to action for back-to-back home games against Oregon State (Sept. 17) and reigning Pac-12 South champion Arizona State (Oct. 4). Their October tour through the Pac-12 will continue the next week in Tucson against Arizona on Oct. 11, return home to play Colorado on Oct. 18 and end up in Salt Lake City to square off against Utah on Oct. 25.The Trojans will look to shake off one of the roughest moments of the 2013 season when the Trojans travel to Pullman, Wash. on Nov. 1 to take on the Cougars of Washington State. Then, on Nov. 13, the Trojans will play in a Thursday night home game for the second season in a row when they host California, who struggled last season under first-year coach Sonny Dykes.The season will end in traditional style as USC takes on two of its biggest rivals. The Trojans will head to Rose Bowl Stadium in Pasadena, Calif. for their final conference matchup against quarterback Brett Hundley and the UCLA Bruins in the crosstown battle for the Victory Bell on Nov. 22. The Trojans will  then return to the Coliseum to attempt to reclaim the Jewelled Shillelagh as they wrap up their regular season against Notre Dame. Should the Trojans finish atop the Pac-12 South, they will play in the Pac-12 Championship Game on Friday, Dec. 5.Notable omissions from the 2014 schedule are Oregon and Washington, Pac-12 rivals who rotate with their “State” counterparts on a two-year basis. Both schools will replace Oregon State and Washington State on the Trojans’ schedule in 2015. Absent from the team’s nonconferance slate are Hawai’i and Utah State.last_img read more

Grades: Badgers taking advantage of penalties

first_imgSophomore forward Mark Zengerle had an assist on a goal junior defenseman Justin Schultz scored in Friday night’s 3-3 tie with Minnesota-Duluth.[/media-credit]Herald Sports has been bringing you grades all season long after each football game, rating each unit on a scale of one to five. Here’s a look at how the Wisconsin men’s hockey team fared against No. 1 Minnesota-Duluth after tying game one 3-3 and dropping game two 4-2.Offense – 3.5 out of 5Wisconsin’s offense could not have looked better Friday night in the 3-3 tie. The Badgers jumped ahead early, leading 2-0 after the first period.However, UW didn’t score again until 28 seconds into the third period, when sophomore forward Mark Zengerle centered the puck to junior defenseman Justin Schultz, who was waiting in the slot and simply had to knock in the puck.In game one, the Badgers created 24 shots on goal and followed up in game two with 31.In game two, Wisconsin’s offense started off slow. On the few chances they had through the first two periods, no one could get the puck in the net. As a result, the Badgers went into the third period down 4-0.But in the third, with the aid of a string of UMD penalties, UW had 17 shots on goal and capitalized on two of them, cutting the Bulldogs’ dominating performance to a two-goal game.Defense – 3 out of 5Led by Schultz, the UW defense is generally pretty solid, but in game two a defensive breakdown between defenders Joe Faust and Jake McCabe allowed the Bulldogs to beat the defense and score.Throughout the series, the defense did look strong, but the Badgers ultimately allowed 36 shots on goal Friday night and 29 the following night. Additionally, the Bulldogs also scored seven goals in the process.Goaltending – 2.5 out of 5While both Joel Rumpel and Landon Peterson are freshmen, it definitely did not show this weekend.Rumpel got the start both nights and had a solid game one. The Swift Current, Saskatchewan native made 33 saves and faced two goals that would be hard to stop at any level.But the following night was not a career night for Rumpel. He allowed all four goals UMD scored in game two and was pulled halfway through the second period after the fourth goal. During his 30 minutes minding the net, Rumpel made only 14 saves.Peterson came in and was immediately solid for UW. He also had what was arguably the save of the weekend as he dove across the crease for an amazing glove save, keeping UMD at bay through the rest of the second. Peterson finished with 11 saves throughout the rest of the game.Surprisingly, it was when the Badgers had no one in goal that they were most successful offensively. Wisconsin skated with an empty net for 5:42 to end the game. Consistently having the man advantage, the Badgers were able to stay deep in the Bulldogs’ zone and come away with two goals. On the few occasions UMD got a shot down the ice and really put the game away, they consistently missed the net.Penalty kill – 4.5 out of 5The penalty kill probably had one of its best series of the season. UW skated with a man down a total of nine times over the course of the weekend and UMD only capitalized once with the man advantage in the second period of game two.Power play – 4 out of 5The power play also looked its best all season, but unfortunately for UW, the puck just would not go in. The Badgers went 3 for 15 on the power play. Two of those goals came from freshman forward Brad Navin, the first of his career.last_img read more

Anthony Joshua to Fight American Andy Ruiz on June 1

first_imgPromoter Eddie Hearn says Ruiz will “do anything” to become world champion.“He will entertain you, give it his all. Even if it means getting sensationally knocked out, he will rather do that than not do it,” Hearn told“I couldn’t afford a guy who I thought may not be good enough or game enough to entertain the fans. I had to pick a guy in my heart who I thought will do everything to become world heavyweight champion at the Garden.”Ruiz has agreed to terms, leaving only small details to be finalised, with Hearn stating the fight was “close”.Ruiz beat Germany’s Alexander Dimitrenko on 20 April, weighing in at 262lbs, which is 17lbs heavier than Joshua in his last win over Alexander Povetkin in September.At 6ft 2in, he is four inches shorter than Joshua and will be at a substantial reach disadvantage.In his only world title shot to date, Ruiz lost on points to New Zealand’s Joseph Parker, whom Joshua outpointed 15 months later to unify the WBA, IBF and WBO world titles.On Monday, British heavyweight Dillian Whyte said Ruiz represented “a save-the-show fight”, insisting the challenger would pose no problem for Joshua.Joshua will end about nine months of inactivity when he steps into the ring and will seek to extend his 22-fight unbeaten record.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Anthony Joshua Unified world heavyweight champion Anthony Joshua is set to face American Andy Ruiz Jr in New York on June 1.Joshua, 29, was due to face Jarrell Miller at Madison Square Garden but the American failed drug tests, forcing him out of the Madison Square Garden bout.California-born Ruiz, 29, has fought for a world title once before and is likely to be confirmed as Joshua’s opponent for his US debut on Tuesday.last_img read more

Juventus Versus Parma Live on SuperSport

first_imgAhead of the new season, Juventus recruited former Napoli and Chelsea manager, Maurizio Sarri, as their new manager. The club also acquired new playing resources with the signing of coveted defender, Matthijs de Ligt, from Ajax; and midfielders Adrien Rabiot and Aaron Ramsey from Paris Saint Germain and Arsenal respectively.Sarri is saddled with the task of integrating the new signings as well as imposing his possession-oriented style in a way that suits superstar Cristiano Ronaldo and the supporting attacking cast of Mario Mandžuki, Gonzalo Higuaín and Douglas Costa.  Parma have also been active in the transfer market, signing goalkeeper Luigi Sepe from Napoli, defender Vincent Laurini from Fiorentina and Alberto Grassi from Napoli. They also signed on loan, Brazilian midfielder, Hernani, from Zenit Saint Petersburg, and striker Roberto Inglese from Napoli.Manager Roberto D’Aversa will hope that his attacking trident of Yann Karamoh, Andreas Cornelius and Cote d’ Ivoire’s Gervinho can rattle the Juventus’ backline, while dancing to midfield rhythms supplied by Matteo Scozzarella.The other game scheduled for today will see Fiorentina host Napoli.Sunday’s games include Udinese versus AC Milan on  SuperSport 8 and SuperSport Select 5 at 5pm.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The 2019/2020 Italian Serie A season kicks off today as defending champions, Juventus, travel to Stadio Ennio Tardini to face Parma. The match, which kicks off at 5pm, will be aired live on DStv and GOtv.On DStv, the match will be broadcast via SuperSport 8, which is available to All DStv packages and will also air on SuperSport Select 5, which is exclusive to GOtv MAX subscribers.Juventus won the title last season, finishing on 90 points, and will hope to begin their defence on characteristically solid footing. Parma, on the other hand, finished 14th on 41 points and will seek to put up a better showing this term.last_img read more