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

East Bank FA leg kicks off with Timehri Panthers beating Mocha Champs 7-0

first_imgA brace each from Ishmael Pulsaram, Captain Shannon Samnauth and Tyrel Khan piloted Timehri Panthers to a comfortable 7-0 win over Mocha Champs when the 2019 edition of the GFF/NAMILCO Thunderbolt Flour Power U-17 League, East Bank Football Association leg kicked off on Sunday at the GFF Facility, Providence, EBD.Following a brief opening ceremony and official opening remarks from National Milling Company of Guyana (NAMILCO) Finance Director Fitzroy McLeod, Timehri Panthers wasted little time in registering their first win.Pulsaram netted the first goal in just the 2nd minute and from that moment, it was all Panthers. He was again on target in the 37th minute.Captain Samnauth rocked the nets in the 9th and 24th minutes with Khan following suit in the 58th and 63rd minutes. The other goal came off the boot of Joseph De Freitas in the 17th minute.Agricola was scheduled to play Swan in the other scheduled match but failed to show up, thus affording Swan three points without breaking a sweat. The top two teams from this tournament would earn the right to contest the National Playoffs which would also include the top two clubs from each of the nine (9) Regional Members Associations.During his remarks to the players, McLeod challenged them to make use of the opportunities being afforded them and to work towards becoming the best they can be.“I encourage you to train hard, follow the direction and directives of your coaches and the adults around you, not only in terms of your play but in terms of your conduct, your deportment and the life skills you need to be successful in whatever endeavour you pursue.”The football enthusiast further stated that sports is a good training ground which prepares you for your career (s) and academic excellence, pointing out that the same kind of application that’s needed on the field as well as respect one needs to pay to those who guide you, are tools that will serve them well in life.“We encourage you to apply all that you learn here because there are opportunities not just in playing football but in other facets of life that you are being prepared for through this means. NAMILCO is investing in this activity because we see the potential in young people but we want to see more than just potential.”He posited that it’s one thing to say you have potential but it’s another thing to see that potential developed and gradually coming to bear fruit.“We don’t want to hear 20 years from now that you had so much potential; we want to hear about your accomplishments.So, day in day out as you go through the process, apply yourself and develop. NAMILCO is here to make sure that you have this opportunity, this outlet to test your development and to further develop and we provide nutrition, which we expect you to make sure you consume as part of that development process.Your wheat-up, your thunderbolt flour, these are crucial ingredients in terms of your nutrition to make sure that you are strong.”Players were also encouraged to have fun while competing and to play with sportsmanship as a key pillar. Grove Hi Tech are the defending champions. Clubs participating in the march past were Grove Hi Tech, Timehri Panthers, Mocha Champs, Diamond United, Herstelling Raiders, Friendship All Stars, Swan and Samantha Point Kaneville.last_img read more