Gold Coast land values: Carrara and Bundall increase the most in residential land value

first_imgRay White Surfers Paradise Group director Andrew Bell said the results confirmed the property market was on the up.He predicted suburbs surrounding Bundall and Carrara to benefit from their increased land values.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North10 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“When property values go up in one location it means a lot of people can’t afford to buy there so they look for the next adjoining area so you get this cascading effect,” he said.REIQ Gold Coast zone chairman John Newlands predicted northern NSW buyers to look towards Coolangatta for affordability and said there was more growth predicted on the northern Gold Coast.“Nerang has always been a marketplace that’s had a median price and while I don’t predict it to change dramatically it will enjoy the growth,” Mr Newlands said.“The northern corridor including Hope Island and Coomera is also something to watch.” “Land values have generally increased since the last valuation, with some significant increases in some market sectors and localities,” Queensland’s valuer-general Neil Bray said.“Some localities such as Carrara reflected moderate increases in median value due to its central location with the median value of residential land in Carrara increasing from $270,000 to $325,000.”While no Gold Coast suburbs declined in land value, Coolangatta, Pacific Pines and South Stradbroke recorded no change. Carrara and Bundall have recorded the biggest increases in land valuation.Property valuation and advisory business Heron Todd Gold Coast director Tod Gillespie said while the valuations confirmed the property market on the Gold Coast had strengthened, they did not reflect market value.“There is still some disparity between market value and government site value and if you could buy land at some of the sites valued there would be a rush of buyers,” he said.“As an example Palm Beach is valued at $570,000. “Agents would be rushed with inquiry as cottages that are being knocked down there are going for above $700,000.”“Everyone knows the market has gone up and this is just confirmation.”Ray White Surfers Paradise Group director Andrew Bell shared a similar view.“It’s just further evidence that property values here are rising,” Mr Bell said.“It’s such a great statement for the city at large.” REIQ Gold Coast zone chairman John Newlands said the Coast’s “boom and bust” reputation was starting to diminish with the expansion of other industries. Picture Glenn HampsonOther suburbs Mr Newlands tipped included Burleigh Heads, Palm Beach and Tugun.He also said the Coast’s “boom and bust” reputation was starting to diminish with the expansion of other industries.“What happens on the Coast is the professionals go to major cities for jobs and we lose a lot of talent,” he said.“We are starting to see other industries apart from tourism and construction firing in their own capacity — film making, the medical and education industries are giving the Coast more depth and with the depth comes more jobs.” WINNERS Carrara, 20.4 per centBundall, 19.6 per centPalm Beach, 16.3 per centTallebudgera, 15.7 per centClear Island Waters, 15.1 per cent LOSERS Coolangatta, zero per centPacific Pines, zero per centSouth Stradbroke, zero per centBilinga, 1.8 per centOxenford, 2.3 per cent The Valuer-General’s 2017 Property Market Movement report shows the median price for residential land on the Gold Coast increased by 8.5 per cent over the past year to $320,000.LAND valuations have surged by 20 per cent in Carrara and Bundall off the back of a booming housing market.Property experts tip the effects to flow north to Hope Island, south to Coolangatta and across the M1 to Nerang with all three suburbs predicted to increase in land value over the next year.The Valuer-General’s 2017 Property Market Movement report shows the median price for residential land on the Gold Coast increased by 8.5 per cent over the past year to $320,000. SEE THE SUBURB-BY-SUBURB INTERATIVE MAP HERE last_img read more

Lady Pirates Defeat Lady Lions In Soccer

first_imgThe Lady Pirates soccer team traveled to Rushville Saturday morning for an EIAC match in rainy conditions. The Lady Pirates earned their first conference win with a 5-2 mark on the pitch.|Four minutes into the game Maddi Hellmich collected a missed clear to open the scoring. The Lady Lions tied the match with 5 minutes remaining but Emma Overmyer gave Greensburg the halftime lead when she netted a direct kick from 25+ yards with 90 seconds to play in the 1st half. Kasey Moeller got the second half scoring underway taking a pass from Maddi Hellmich 7 minutes into the half. Michaela Myers added the next goal at the 27 min. mark when a corner kick was cleared to her at the 18 yard box and she dropped her shot in via the crossbar. Rushville connected on their second goal with a direct kick score of their own at the 24 minutes mark. With under a minute to play Maddi Hellmich added her second goal off an assist by Moeller to round out the scoring.McKella Lynette made 7 saves on the day and the team played a complete game stepping hard and controlling possession. Also taking shots were: Keirsten Lynette, Emma Hellmich and Julia Pacilio.The win brings the overall record to 5-5-2 and 1-3 in EIAC play. The Lady Pirates will be in action on Thursday as they travel to Franklin County for another EIAC match. Kickoff at 5PM for varsity with a JV half to follow.Courtesy of Pirates Coach Mike Myers.last_img read more