first_imgThe Gold Coast property market has held strong through the downturn, new data shows.THE Gold Coast has weathered the storm that eroded the property market earlier this year, with house values holding steady despite fewer sales.CoreLogic’s latest Regional Market Update shows the city’s house values increased 0.3 per cent to $637,614 in the year to October despite the number of sales dropping 13 per cent.While data for apartments painted a slightly gloomier picture, homeowners need not worry about their investment. MORE NEWS: Restaurateur’s mansion dished up Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:12Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:12 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, 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 Rate1xFullscreenWhen is the best time to sell or buy? Property cycles explained02:13 MORE NEWS: Why this beachfront paradise is on the market Unit values dropped just 1.7 per cent to $413,595 despite transactions falling 15.8 per cent.The Coast was one of 25 non-capital city regions across Australia analysed in the report.It was also among more than half of the 50 separate house and unit markets that saw values increase during the period. CoreLogic head of research Tim Lawless said it wasn’t surprising so many areas performed well.“Overall, our latest data points to an increase of value growth in regional markets, particularly those which are located adjacent to capital cities. “As people are priced out of certain capital cities, buyers now appear to be looking to these adjacent regions.“Homeowners in Sydney and Melbourne have seen a substantial rise in housing equity over recent years.“Subsequently, we are seeing some evidence that these buyers are starting to look for holiday and investment properties in certain regional markets, which is also providing an impetus for some of the value growth we are currently seeing.”More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoRay White Surfers Paradise Group chief executive Andrew Bell said the Coast was likely to benefit from Sydney’s improving market, especially now that auction clearance rates in the city were picking back up. Ray White Surfers Paradise Group chief executive Andrew Bell.“Sydney is traditionally our biggest source of interstate buyers and, as more sellers cash in there, more capital usually starts flowing north of the border,” he said.“The Gold Coast has held up particularly well throughout the downturn experienced by Sydney and Melbourne over the past couple of years, and that’s largely due to the regional economy driving continued demand from local and interstate buyers. “Some Sydney buyers have actually held off selling after seeing the value of their properties fall from record highs and this has actually stalled their plans to relocate to the Coast. “Now, with conditions improving down south and as these markets become more liquid, this should translate into more of these buyers making the move north.”last_img read more

first_imgTeam Lagos have a haul of medals in Gymnastics and Weightlifting events at the ongoing National Youth Games, taking place at the University of Ilorin in Ilorin, Kwara State.A sensational young gymnast from Lagos Abimbola Disu wascynosure of all eyes as she won three gold and silver medals on Tuesday in the Gymnastics events of the 4th National Youth Games, while Zainab Quadri won three gold in 48kg of the Weightlifting eventIn the Girls Apparatus Final (Vault), Abimbola, 14, a student of BrendedCollege, Ebute-metta, won gold medal with 10.30 points. She went ahead to win another gold medal in Floor Girls event with 12.65 points, and also a gold medal as best all-around girl with 40.35 points. In the Team Event for Girls, Team Lagos won a gold medal with 96.20 points leaving Federal Capital Territory, Abuja and Plateau State with one silver and a bronze medal at 82.65 and 75.60 points respectively.In the Team Event for Boys, Team Lagos claimed silver medal with 43.80 points, while Team Plateau won the gold medal of that event, Team Oyo settled for bronze medal with 41.70 points.Overall Team Lagos won four gold medals, two silver and one bronze medals. Team Edo was second with four gold, while Team Plateau placed third with one gold, three silver and one bronze medals.Meanwhile, Zainab Disu was outstanding in jack, clean and jack events of 48kg category of the weightlifting event of the NYG 2018 on Wednesday.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more