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

Wellington, Conway Springs set to battle for Chaparral Tournament Championship tonight

first_img25 19 23 63 Wellington 76 Clearwater 64 13 Conway Springs 18 14 13 8 18 8 16 23 Conway Springs: Winter 5, Denney 8, Finstad 6, Hedrick 15, Schaffer 6, Murphy 6, Dugan 17. Total: 19 (5) 10-19 63. 64 76 10 Wellington Conway Springs 63 Belle Plaine 57 Wellington: Gilmore 9, Ca. Phelps 13, Co. Phelps 12, Frame 3, Snipes 27, King 13. Total: 14 (8) 25-33 57 Conway Springs 63 Belle Plaine 57The feisty Dragons met their cross-county rivals for the first time this season on the hardwood. They gave Conway Springs a battle to the end. But Josh Dugan and Christian Hedrick inside proved to be too much for the Dragons. Dugan scored 17 while Hedrick had 15. Belle Plaine was led by Brandon Happy with 21 points. The Dragons opened the game taking a quick 8-2 lead as Freshman Bo Gooch opened with two treys. The Dragons led 16-14 at the end of the first quarter. But Conway Springs zone pressure took its toll in the second quarter as the Cardinals would outscore the Dragons 19-10 and led 33-26 at the half. The Cardinals would up their lead to 45-34 at the end of three quarters. Belle Plaine would cut the margin to six in the final stanza thanks in part to Happy’s three 3-pointers. Belle Plaine will battle Clearwater for third place today. The game is scheduled for 4:30 p.m. Belle Plaine 26 14 Brandon Happy led Belle Plaine with Tracy McCue, Sumner Newscow — It will be an all Sumner County showdown for the Chaparral Roadrunner Classic Tournament Championship tonight. Both Wellington and Conway Springs took care of business Friday night and will play for the all the Chappy marbles tonight tentatively set for 6 p.m. We say tentatively because Wellington’s game Friday was an hour later than originally scheduled.Wellington defeated Clearwater 76-64. Earlier in the evening, Conway Springs would beat Belle Plaine 63-57. The Wellington-Conway Springs matchup will be a rematch of a hotly contested game at the the Kingman Tournament in December. Conway Springs won that one 52-51. This marks Wellington’s third consecutive year of qualifying for the Chaparral Tournament Championship game.Wellington 76 Clearwater 64Wellington’s A.J. Snipes scored 27 points his career high to help lead the Crusaders to its second consecutive victory over Clearwater. The Crusaders, who struggled against Chaparral 56-51 in the first round of this tournament Thursday, were hitting on all cylinders in the Friday night semifinal game that was never really in doubt. Snipes established the momentum early by hitting three 3-pointers in the first quarter as Wellington rolled to a 26-13 lead. From that point forward Clearwater could not establish any real momentum. It was able to cut the lead to 10 to open the second half, but Wellington would eventually return to form. Clearwater kept clawing late in the game but again Wellington was able to fight off the onslaught. Cade Phelps had 13 while Connor Phelps had 12. Clearwater Belle Plaine: Gooch 14, Osgood 7, Nolan 8, Stover 7, B. Happy 21. Total: 15 (8) 3-4 57. 12last_img read more