House prices bounce back stronger despite disaster

first_imgBrisbane has seen a surge in development since 2011, much of which has centred around the riverfront suburbs. Picture: AAP/ Ric Frearson.In Brisbane, it had undertaken a study early this year that found 19 of the 20 suburbs affected by the 2011 floods outperformed the rest of the city.Five areas did so well they punched way above the city’s five-year growth rates of 26.7 per cent to deliver upwards of a 40 per cent rise in prices. Brisbane’s three-for-one home deal within reach of the city QLD to defy ‘mini credit crunch’ set to hit Sydney and Melbourne More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago Inner-city house sells for $2.7m“This is because these high-flood areas are well located on the river which is in high demand. Also, statistically floods like those in 2011 are a once-in-a-50-year event and that makes these homes a risk people are willing to accept.”He compared that to the two most impacted areas of Cyclone Yasi — Cassowary Coast and Hinchbrook located about 1225km from the Brisbane CBD — which saw 7.4 per cent and -1.9 per cent respectively, lower than capital growth in the rest of Queensland of 7.5 per cent in the five-year period. There was a huge emotional toll on homeowners during the Brisbane 2011 floods, but the market recovered for those able to hold on. Picture: Russell ShakespeareHe said some of that impact was also off weakness in the closest major city, Townsville, which had -5.7 per cent capital growth in the period.The study had found similar popularity-based results out of flood-affected Gippsland, Bass Coast, Baw Baw and Cardinia — located on average 78km from the Melbourne CBD — where the average capital growth in the past five years was 44.6 per cent, beating the rest of Victoria’s benchmark of 31.3 per cent.In comparison, around 126km from the CBD, houses in Latrobe and South Gippsland — which were also impacted by floodwaters — averaged a relatively low capital growth rate of 19 per cent in the same period.So too the Victorian Black Saturday bushfires where suburbs that were closer to the Melbourne CBD like Murrindindi and Nillumbik (around 50km away) saw an average 55.6 per cent growth — a much stronger performance than Indigo and Wellington (around 210km from the CBD) which saw 29.3 per cent. FOLLOW SOPHIE FOSTER ON FACEBOOK The Brisbane 2011 floods turned waterfront properties into islands. Picture: Russell ShakespeareHOUSE price growth is so watertight in some parts of flood-affected Brisbane, it can take whatever’s thrown at it, come rain, hail or high water.Market figures show rampaging city housing demand was the driving force behind why even disaster-hit areas that run the risk of future devastation still see house prices bounce back strongly.Riskwise Property Research chief executive Doron Peleg, whose firm studied the property price impacts of the 2011 Brisbane floods and 2011 Cyclone Yasi along with the 2012 Gippsland Flooding and the 2009 Black Saturday Victoria Bushfires, said it was all about popularity.“It really depends on the popularity of the areas. We found each of the natural disaster areas that were closer to the CBD delivered higher capital growth than areas that were a greater distance from the CBD. This is despite any unpredictable future impact of floods or fire.”center_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 3:56Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -3:56 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p512p512p400p400p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenJuly 21: Aleisha Dawson talks property03:57last_img read more

Harrison practices meditation to build confidence, become one of top runners for SU

first_img Published on February 18, 2015 at 12:10 am Contact Sam: [email protected] | @Sam4TR Facebook Twitter Google+ Doubts were the only thoughts in Shaina Harrison’s mind.Syracuse assistant coach Dave Hegland had prefaced Harrison’s first collegiate meet with confidence-boosting words about how her race would was taking place on a fast track.“So I go in thinking that I’ll break records and win all the races,” Harrison said. “My first round wasn’t anywhere close to what I had expected. I started to doubt myself. I thought, ‘Maybe I’m not as fast as I think I am.’”After her second heat didn’t show any significant improvement, Harrison became overwhelmed. She started to cry.Now, two years later, she’s met those expectations. The junior sprinter returns for her track season coming off of an NCAA championship appearance in the 100-meter dash — not even her best event. Harrison’s evolution from the emotionally frayed freshman to the self-confident, in-control runner has been a journey of research and self-discovery through meditation.AdvertisementThis is placeholder textLast year, Harrison qualified for the Atlantic Coast Conference championship meet. Since she had no pre-existing expectations of excellence, Harrison didn’t think too much about the meet. She ran a personal record, finished second and qualified for the national championship meet.“It’s funny,” Harrison said Hegland told her. “You came in thinking, ‘I wasn’t even going to make it here in the first place’ so your thought process was that you’d be happy with whatever happened. You ran a great race.”Harrison thought that if she didn’t have pressure to run, she’d perform better. But the tricky part was that she felt pressure if she thought she should run well.She did extensive research and eventually found that meditation relaxed her. It helped Harrison focus on goals and empty her mind of anything else.Now, every morning after Harrison awakes, she says a prayer, meditates for 10–20 minutes and does breathing exercises in her University Village apartment.“Once the negative thoughts and doubts start coming, I know how to handle it,” she said. “And how to help myself and relax and be in the moment instead of thinking of the end result and self-doubt.”Her focus on positive energy translates to the track where Harrison visualizes herself succeeding before she’s even left the blocks.She zones out, and clears her mind of anything irrelevant. Her mind becomes empty aside from the images of her success playing in her head on a loop. She looks down her lane and, in her words, “whatever happens, happens.”“She has always been mature overall but I’ve seen her grow in this sport,” SU volunteer assistant Flings Joyner Owusu-Agyapong said in an email. “This sport can be really mental, and I’ve seen her handling situations better than she would have, say, her freshman year.”Harrison’s become a more consistent runner, and Hegland says that’s her best attribute. The head coach tracks all his runners’ progressions in graphs, and Harrison’s rose and fell in her first year and a half before leveling out since then.“Every time she stepped on the track as a sophomore outdoors,” Hegland said. “She was better than her best day as a freshman.”It’s been a process of becoming – and a fight to stay – positive for Harrison.Now, Harrison says she’s become a mentor to her roommate Rebecca Robinson and is helping others while blossoming as a runner — a year after she struggled to help herself.“Even if she doesn’t run well one day, she’s not the type of person to dwell on it,” Robinson said. “She thinks, ‘Well, I’ll get them next time.’” Commentslast_img read more

One dead after collision with train

first_imgPhoto:  This photo was taken from a video submitted to by Dennis Hay One person is dead following a collision between a CN Train and a vehicle near Fort Nelson.The collision occurred at 1:15am on Thursday July 29th at a CN Crossing 10km south of Fort Nelson on Highway 97.The RCMP have not said what type of vehicle was involved in the collision. A police traffic analyst and RCMP dog services are assisting with the investigation.- Advertisement -The victim has not been identified at this time.last_img