Regional suburbs record double digit capital growth

first_imgREIQ CEO Antonia Mercorella“Idalia in Townsville ranks 11th on the state list and first on the Townsville LGA list,” she said. The other Townsville suburbs to make the top 68 were Rasmussen (+19.9), North Ward (+15%) and Railway Estate (+10.1%). Keyes and Co Property agent, and former Townsville City councillor, Tony Parsons, said there were suburbs doing well, and others that were still struggling, but there were positive signs in the local property market. View of Castle Hill in Townsville. Picture: Zak SimmondsTOWNSVILLE has emerged as a star performer in regional Queensland, with four suburbs recording double digit growth. REIQ has revealed the 68 suburbs that recorded double digit growth in the 12 months to June.Twenty-seven of those 68 top performing suburbs were outside of the southeast, with Townsville dominating the regional listings.REIQ CEO Antonia Mercorella said Idalia (+21.3% to $485,00 as of June) was a rapidly expanding suburb, located just 10 minutes from the Townsville CBD, and offering access to shopping centres, restaurants, beautiful landscaping around parks, lakes and the Ross River.It is dominated by older houses and luxury new homes, with properties ranging from the “low to mid $300,000s” to over $1 million. This four bedroom house at 47 Springside Terrace in Idalia is on the market for $868,000 and is listed with Keyes & CoHe said Idalia ticked a lot of boxes for families, but he was not surprised by the city’s other top suburbs with two of them “fringe suburbs” of the new stadium under construction. Blackwater (1st) +151.3%Collinsville (3rd) + 46.2%Miles (7th) +23.5%Dundowran Beach (9th) +21.5%Idalia (11th) +21.3%Rasmussen (12th) +19.9%Biloela (14th) +18.6%Burnett Heads (15th) +18.1%North Ward (24th) +15%Palm Cove (26th) +14.3% (Source: REIQ QMM report June 2018. ) *** More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoAustralian hydrofoil championships off The Strand, Townsville.Meanwhile, Cairns and Gympie had three suburbs on the list of top performers. Palm Cove was the best performer in Cairns, ranking 26th overall. Cooloola Cove in Gympie ranked 42nd, with house prices up 12 per cent to $317,500 in June 2018. In the Whitsundays region, only Collinsville, a coal town southwest of Bowen, made the list, taking out third spot overall.Ms Mercorella said Collinsville recorded an annual capital growth for houses of 46.2 per cent, taking the median sales price to $95,000 in June.Other regions reporting at least one suburb on the list were Bundaberg, Toowoomba, Banana, Charters Towers, Fraser Coast, Gladstone, Isaac, Livingstone, Mackay, Rocky, Scenic Rim, Somerset and Western Downs.“This spread of suburbs is a good indication that Queensland real estate is delivering steady sustainable growth across the board. We’re seeing growth outside the southeast corner,” Ms Mercorella said.In terms of price, the REIQ analysis found that two very different brackets dominated the list — below $350,000 and above $500,000 but below $750,000. “Eighteen top performing suburbs reported a median house price range below $350,000,” Ms Mercorella said. “Most of these suburbs are located in regional Queensland.”Similarly, 18 top performers reported an annual median house price range between $500,000 and $749,999 … 13 of these suburbs are located in the southeast corner.“Only 8 top performing suburbs reported an annual median price range above $1 million. All these suburbs are located in Brisbane, Noosa or the Sunshine Coast LGA.”*** TOP 10 PERFORMING REGIONAL QUEENSLAND SUBURBS, RANKING/1 YR CAPITAL GROWTH North Queensland Stadium under construction in September 2018 Townsville“North Ward and its proximity to The Strand speaks for itself, and Railway Estate has some of that character housing stock that many couples are keen on, those reno jobs.”As for Rasmussen, the suburb has benefited from a number of new housing estates including a Defence Housing Australia development, and the duplication of Riverway Drive. Mr Parsons said buyers could still get a bargain. last_img read more

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Embattled Cricket South Africa appoint Jacques Faul as acting CEO

first_imgJOHANNESBURG, South Africa (Reuters) – Cricket South Africa (CSA) have appointed administrator Jacques Faul as acting chief executive and hope to conclude negotiations with former Test captain Graeme Smith to take over as director of cricket this week, the governing body said yesterday.The CSA decided to appoint Faul at a special board meeting yesterday after a chaotic week in which they suspended CEO Thabang Moroe over governance concerns, had three board members resign and lost key sponsor Standard Bank, who will not renew their contract when it ends in April 2020. “Jacques Faul did not hesitate for a moment when I asked him to be acting CEO,” CSA president Chris Nenzani told a news conference. “He has been acting CEO in the past and said he would come in to lend his support and put his shoulder to the wheel for (the) country.” Nenzani confirmed that former International Cricket Council (ICC) CEO Dave Richardson had been first choice for the position, but the latter said he would rather play a supporting role given other commitments. “Richardson’s role will be to offer support and be available when required to put his services at the disposal of CSA. That ticks the box in terms of having stability at management level,” Nenzani added. Nenzani said Moroe’s disciplinary hearing will be handled by an independent body from outside of CSA and that the process should not exceed six months. Nenzani added that discussions were continuing with Smith, the most successful Test captain in cricket history with 53 wins, over the key role of director of cricket, with a four-Test series against England due to start on December 26. He said both parties had committed to a deadline of Wednesday to come to an agreement. CSA need a long-term replacement for Ottis Gibson, whose deal was not renewed after a dismal World Cup in England. “We have not yet agreed a contract, but with time of the essence, we need things to move as fast as we can. We have engaged with Graeme and he has agreed that by next week Wednesday, all the negotiations around the contract will be concluded so that we can enter into an agreement. “Once you put your director of cricket in place, then processes around coaching and selections kick in.” Nenzani added CSA would also engage with the South African Cricketers Association over various grievances from the players’ union, including a proposed restructuring of domestic cricket.last_img read more

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