CoreLogic: Brisbane property selling for big profits

first_imgKyle Hughes is selling the house he has renovated atEast Brisbane. Picture: Mark Cranitch.BRISBANE’S property market has chalked up more profitable sales than any other region in Queensland with the latest figures revealing nine in ten sales were for more than owners originally paid.According to CoreLogic’s latest Pain and Gain report, 92.8 per cent of property sales in Brisbane were for a profit in the December quarter and the median gross profit was $175,000.This was up from 92.4 per cent of sales in the previous quarter.Of the 7.2 per cent of sellers who sold for less than they originally paid the median loss was $26,000. CLICK here to get the latest real estate news direct to your inbox CoreLogic analyst Cameron Kusher said there was a pretty low proportion of houses reselling at a loss in Brisbane, 4.1 per cent, but for units there was quite a high proportion of 21 per cent. “That is an interesting trend that is kind of emerging, a lot of unit development is going on so we are starting to see the underperformance there,’’ he said. The Redland LGA where this home at13 Artic St, Thornlands is listed for sale had a high percentage of profit making sales. Picture: realestate.com.au“But houses are still pretty sought after, particularly in the Brisbane and the Redlands Council areas, that’s where you are seeing the lowest proportion of resales at a loss overall.’Kyle Hughes and Margarita Escartin hope the results are good news for the upcoming sale of their East Brisbane home.The couple bought the home at 69 Gresham St, about ten years ago and have now listed it for sale through Henry Hodge of McGrath Estate Agents.The post war home has five bedrooms and is on a 706sq m block about 2km from the Brisbane CBD.Mr Hughes said the location was what had initially appealed to them because it was close to where their sons’ school.Over the years they have renovated it and completed the work about six months ago before deciding it was time for a change and to buy in northern New South Wales.“When we bought all of the structural work had been done,’’ Ms Escartin saidMr Hughes said they thought it was a good time to be offering the home for sale now and it was good that so many Brisbane homes were achieving profitable results.“We have seen some high sales in the area around here,’’ he said. Toowoomba LGA had the highest level of profit making sales in Queensland. This home at88 Taylor St, Newtown in Toowoomba is listed for sale. Picture: realestate.com.auMore from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours ago THESE markets are swell locations Mr Kusher said other council areas were improving as well.Across the broader southeast Queensland region, Toowoomba had the lowest level of properties selling for a loss, 6.5 per cent, followed by Redland 7 per cent, The highest levels of loss were recorded in the Lockyer Valley, 19.5 per cent, Scenic Rim 15.5 per cent and Somerset 14.3 per cent.Some of Queensland’s regional markets fared substantially worse. Mackay continued to hold the honour of the highest proportion of loss making sales with more than half, 58.4 per cent, of properties, selling for less than owners originally paid.Fitzroy in Queensland had a 44.3 per cent level of loss making sales and Townsville 42.6 per cent.“I think it is going to take quite a while to turn them around significantly,’’ Mr Kusher said“If you look at Mackay for example, it did actually pull back a little bit, the percentage of loss making sales over the quarter. Same in Townsville, same in Fitzroy but they are still very elevated and it is going to take those markets a long time to improve because anyone that has bought over the last four or five years at least is going to see the value of their property significantly lower than what they purchased it for and that is ultimately the challenge.’’ LGA % OF LOSS MAKING SALES AND MEDIAN PROFIT Brisbane 92.8% – $175,000Gold Coast 89.9% – $117,000 Ipswich 88.2% – $70,500Lockyer Valley 80.5%- $64,500Logan 92.4% – $93,000Moreton Bay 92.2% – $80,000 Redland 93% – $100,000Scenic Rim 84.5% – $73,250 Somerset 85.7% – $54,750Sunshine Coast 90.7% – $102,000 Toowoomba 93.5% – $74,000last_img read more

‘Discrimination can be positive’ – Brent Reid

first_imgStuff.co.nz 19 Sep 2012Wairarapa man Brent Reid, who stood as the Conservative Party Wairarapa candidate last election, discusses his view that changes brought about by the bill would render marriage “meaningless”.Louisa Wall’s gay marriage bill, or in her words “Marriage Equality Bill” is said to remove discrimination from another area of society. Discrimination can be an ugly thing so removing it from all areas of society seems like a good idea. But discrimination can be a positive thing. Under current law, to get married one has to be above the legal age of sixteen and not married to anybody else. Your potential partner cannot be too close a relative e.g. brother, sister uncle, aunt etc and you have to be of the opposite sex. Interestingly love is not a requirement under law.If we remove the rule that says you have to be of the opposite sex, then it is only fair (fairness being a core value of the Labour Party) that all other discriminatory rules also be removed. A man could then have more than one wife. Two fourteen-year-olds or twelve-year-olds could get married and all those relatives who fall in love with each other could tie the knot and sanction their union. This would bring about equality. The question of equality has me puzzled. In a same sex relationship, particularly when raising kids you are essentially saying men and women are the same at either job, that is, they are equal. Not so, my wife is far superior to me, but at least I can say I’m different. Polygamist and polyamorist (groups of men and women) as well as genetic attraction groups (brother and sister, father and daughter, mother and son in consenting incestuous sexual relationships) in Australia, the U.S and Canada are talking about marriage.They argue that if the gays get their way then they have the “right” to marriage also. And who can deny them? To do so would be ”discriminatory, bigoted, hateful and hurtful”. Wall says her bill is only about two people of the same sex wanting marriage, not other types of relationships. It does however pave the way for another MP in the future to introduce other bills on the same grounds.Homosexuals often identify themselves within the wider group of GLBT – that is gay, lesbian, bisexual and transgender. Following the theme of equality and anti-discrimination, then the rights of this group would have to be advanced together. Like being able to donate blood, this is another bastion of discrimination where GLBT’s are unwelcome. Once marriage equality is achieved then a couple of straight mates could get married. Brothers even! It could be useful for immigration or any other reason I haven’t thought of. Or is same sex marriage for gays only? You could ask them to prove that they are gay in front of a marriage registrar, but this would be discrimination.“I’m OK if my son is gay” Yeah Right! That’s what a friend of mine said would make a great Tui billboard. It would create a lot of discussion because it says a lot about how our society really feels about homosexuality. Do parents still have the right to teach their kids morals regarding sexual behaviour?The Bible declares, “The State giveth and the State taketh away”. OK, it’s not in the Bible but its close.Marriage existed long before civil government came to be. The state recognised it as good for society and gave it legal status. Same sex marriage would be a creation of the state. The difference is that one is state recognised and the other is state created. They (homosexuals) have never desired marriage before in history. Why do they want it now? Many heterosexuals just live together. Is it to equate homosexuality with the great institutes of society, like marriage? Their struggle for ‘equality’, which has been very effective, is often compared to racism. But it’s not quite the same. One is based on discrimination against unchangeable physical characteristics – the other on who you like to have sex with.A farmer told me two bulls don’t make a cow. The more public this discussion becomes, the more people will talk about homosexual sex. Normal or unnatural? Moral verses immoral ? Choice or not? As yet science cannot find any genetic driver.Most opposition to the gay agenda is shut down by calling people vicious names, particularly Christians. Not much is said against the Muslim view of homosexuality. Is it because Christians are more tolerant?Gay adoption is the next step to gay marriage. Society laments the many serious social problems to do with children, most of who are raised in fatherless homes. Kids with the best outcomes are raised in homes with a mum and dad. To say otherwise is to ignore screeds of studies and research. Why would the state override research and deliberately create motherless and fatherless homes by allowing gays to adopt kids? This also overrides the rights of a child to a mother and father.Marriage breakdown is a blight in our culture – to redefine marriage would render the word meaningless.When a word means everything, it means nothing – therefore why would people bother getting married? The end result would be marriage for nobody.http://www.stuff.co.nz/national/7701062/Marriage-equality-stories-Discrimination-can-be-positivelast_img read more

Zambia’s World Cup hopes hit by home draw with Sudan

first_imgZambia suffered a major blow to their hopes of qualifying for a maiden World Cup when held to a 1-1 draw at home by Sudan on Saturday.The failure to take all three points in Ndola means Ghana can go top of Group D should they win in Lesotho on Sunday.Zambia opened the scoring after 70 minutes through Jacob Mulenga but Malik Mohammed replied two minutes later.The 2012 African champions now have 11 points from five matches, with Ghana on nine points ahead of their Maseru tie.Elsewhere, Botswana won their first match in Group A when beating Central African Republic 3-2 on home soil in a clash that was high on drama but which has little impact on the table.For the team that progresses to the third and final round of qualifying from this group could be determined on Sunday if leaders Ethiopia win at home against 2010 World Cup hosts South Africa. Playing in the south-eastern city Lobatse, Central African Republic made the brighter start as Nicaise Ozingoni fired home after 33 minutes.The advantage only lasted eight minutes however as Jerome Ramatlhakwane levelled the scores from the penalty spot moments after Ali Calvin Tolmbaye was dismissed for the visitors.Despite being down to ten men, Central African Republic regained the lead when Ozingoni grabbed his second of the game five minutes into the second half.As Botswana struggled to find a way through, it looked as though the visitors might hold on for their first ever away win in World Cup qualifying – which would have come against the only team they have ever beaten in the competition.Such hopes were shattered though when Mogakolodi Ngele equalised for the hosts after 74 minutes, before Ofentse Nato struck a winner just four minutes from time. Botswana climb off the bottom of Group A, with their four points now one better than CAR.last_img read more