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

Gordon and rushing attack bounce back in big win

first_imgMelvin Gordon and the rest of the Badgers’ rushing game got the Wisconsin offense back on track Saturday against Bowling Green at Camp Randall Stadium in a 68-17 rout.After only putting up 167 rushing yards against Western Illinois two Saturdays ago, and only 38 from Gordon, there was reason for concern regarding the Badgers’ rushing game.The Badger running attack definitively quelled those concerns. And then some.UW (2-1) set a school record for rushing yards against the Falcons (2-2), accumulating 644 on the ground. That surpassed the previous team record of 573 yards set against Indiana in 2012. The 644 rushing yards are the most rushing yards in the modern Big Ten era, which began in 1946.Led by redshirt junior Gordon, who had a career-high 253 and reeled off five touchdowns, another career-high, the Badger rushing attack showcased its dominance. Gordon’s five touchdowns tied the UW record for most touchdowns in a single game. The last Badger to achieve the feat was P.J. Hill who did it against The Citadel in 2007.“Melvin is determined for his football team. I promise you that’s the driving force between Melvin wanting to have success,” head coach Gary Andersen said. “He found out that the rushing totals were a record in total offenses record. Brought a great big smile to his face to know he was a part of it, not just what he did.”In the first half alone, Gordon had four touchdowns and 179 rushing yards on just 11 carries, averaging 16.3 yards per carry at the half.Gordon’s second touch of the second half went for 69 yards up the sideline for his fifth touchdown of the day. That would be his last touch of the game.Gordon’s day did not start out as well as he and Badger fans hoped. On his first carry of the day, he fumbled the football for the first time in his career. That broke a streak of 332 carries without losing the ball. Bowling Green would score on the next play, tying the game at seven.The fumble would motivate Gordon for the rest of the game.“I didn’t let it get me down too much,” Gordon said. “It’s a lot of football left to be played, can’t let that get me down. But I definitely felt I had to make up for it and I did that.”He sat out most of the next drive as the Badgers marched down the field, with sophomore Corey Clement carrying the load at tailback. Gordon’s next touch was a two-yard touchdown run that he bounced to the outside.On the next drive, Gordon was re-inserted as the number one back and reeled off a 40-yard run that reminded everybody of vintage Melvin Gordon. The drive was killed the next play when redshirt junior quarterback Tanner McEvoy fumbled the snap and Bowling Green recovered.With 12:16 remaining in the second quarter, Gordon trucked ahead for a 13-yard gain. Two plays later, Gordon burst between the tackles and streaked right down the middle of the field, threw a vicious stiff-arm to a retreating safety, and scampered into the end zone for his second score of the game.The next drive for Wisconsin took 11 plays and covered 57 yards, all on the ground between McEvoy, Gordon and Clement. Gordon capped off the drive with a three-yard touchdown.Gordon’s fourth touchdown came with under a minute remaining in the first half from 21 yards out, when he broke two Bowling Green tackles and pin-balled his way to the outside for the score.Gordon said the two weeks he had to digest the Western Illinois performance allowed him to focus on what he wanted to accomplish.“As a player, as a competitor, that’s not the type of performance you want to have,” Gordon said. “So I just kept thinking about that every day in practice and it motivated me.”Clement took over the running duties during the third quarter. The compact, bruising-back finished off a 87-yard drive with a tough 13-yard run and punched it in from one-yard away later in the quarter.Clement finished with 111 yards on 16 carries, and was proud to be a part of this record-setting attack.“He’s a great guy,” Clement said of Gordon. “Trying to keep up with him in practice, me and him compete, and that’s what I think gives us the best results.”Clement also added that this game was a confidence booster for the entire running back unit after that disappointing showing against Western Illinois.However, the rushing yards didn’t just come from the running back position. McEvoy had a big game running the ball as well, showing why he’s considered a dual-threat quarterback, going for 158 yards on 11 attempts. His longest run of the day was 62 yards and set up Clement’s first touchdown in the third quarter.McEvoy started the Badgers’ scoring on their first play from scrimmage in the game, keeping it on a read-option play and taking it to the end zone for a 24-yard touchdown run.Wisconsin has now had three rushers individually eclipse the 100-yard mark in five of its last 18 games. And they were just six yards away from having four 100-yard rushers.Redshirt sophomore Dare Ogunbowale entered the game in the third quarter to attempt his first career touches. The former defensive back and special teams player converted to running back this week after the coaching staff saw the potential he had at the position.“The offensive coaches saw him in a drill during camp that we call speed in space … and Dare was very hard to tackle in those situations,” Andersen said. “I was all for the it [the change]. And the young man was all for it.”Ogunbowale carried the ball 14 times for 94 yards in his debut at running back. Ogunbowale said that he was able to experience success because of the play of his offensive line, which calmed his nerves.“First game, I was pretty nervous,” Ogunbowale said. “After I broke through, we have an unbelievable O-line … the hole was huge so I just ran as far as I could. After that, the butterflies got out of my stomach.”This unit now knows how great its potential is, and they intend on reaching it every outing. However, they know that the main goal is to keep winning football games.“I think we all had fun as a group,” Clement said. “It’s a great accolade to come across, but as long as we get the ‘W’ in the end that’s all that really matters.”last_img read more