Queensland’s 10 hottest suburbs where homes are selling the fastest

first_imgQueensland fastest selling suburbs: This three bedroom home at 26 Dawson Parade, Keperra, sold by Tamika Kent and Danni-Lee Capell of Coronis – Arana Hills, for $481,000 on March 13 this year. Picture: Realestate.com.auIF you want a house in these Queensland’s suburbs you have to move fast because they are the hottest in Queensland, selling in just 10 days in some cases.The 10 hottest areas were seeing houses sell in under 16 days and while the 10 fastest sellers for units were under 26 days.The fastest selling suburb in Queensland in the past year was Keperra, 12km north west of the Brisbane CBD, where the median time on market for houses was 10 days, according to the latest CoreLogic Property Pulse.Queensland’s fastest selling suburbs: 31 Silkwood Street, Algester was sold by Chris Hubka of LJ Hooker – Algester for $465,000 on April 10, 2017.Picture: Realestate.com.auThat’s a strong result given the fastest selling suburb in the country was Montagu Bay in Hobart, which was seeing houses move in five days.CoreLogic research analyst Cameron Kusher said low interest rates and high demand for housing had seen some areas take off faster than others with rapid sale of properties.He said there were suburbs in Brisbane seeing a very rapid rate of sale.Queensland’s fastest selling suburbs: 4 Sancroft Street, Willowbank was sold by Josie Smith of Crowne Real Estate – Ipswich for $355,000 on February 21, 2017. Picture: Realestate.com.au“Brisbane values have increased by less than 5 per cent over the past year but each of the suburbs listed for houses have a median days on market figure of less than 20 days,” he said.Real estate agent Tamika Kent of Coronis Arana Hills said accessibility, infrastructure and transport were among the big drivers in Keperra.“Because we are part of most westerly suburb that you can buy before you get to acreage, there’s been a surge in demand. It’s going crazy, selling like hot cakes.”Queensland’s fastest selling suburbs: 12 Serle Street, Middle Park, was sold by Saeed Moghaddam of Brisbane Real Estate – Indooroopilly for $668,000 on April 26, 2017. Picture: Realestate.com.auAmong homes she and colleague Danni-Lee Capell have sold recently was a three bedroom property at 26 Dawson Parade which was locked down in 11 days at $481,000.Eight of Queensland’s 10 fastest selling suburbs were in Brisbane, a capital city centric trend that was occurring across the country given housing market conditions were “generally stronger” in the capitals.Queensland’s fastest selling suburbs: 9 Finvoy Street, Ferny Grove, was sold by Jillian Baker of Coronis – Arana Hills for $575,000 on April 11, 2017. Picture: Realestate.com.au“In most instances, the suburbs that are not in capital cities are located in regions close to the capital city, highlighting how housing demand has rippled outwards from the capital cities as prices rise.”Algester, 18km south west of the Brisbane CBD, and Willowbank in Ipswich were tied as the second fastest selling suburbs in Queensland, with time on market of 13 days.Queensland’s fastest selling suburbs: 180 Newman Road, Geebung, was sold by Alexandra Porter and Hailey Tombs of Coronis – Aspley for $480,000 on April 5, 2017. Picture: Realestate.com.auMiddle Park – 14km southwest of CBD – notched 14 days, followed by Ferny Grove on 15.Four neighbouring suburbs in Brisbane’s northside were tied at 16 days on market – Geebung, Fitzgibbon, Chermside West and Boondall.And despite some major interest in the Gold Coast market, only one suburb made the top 10 fastest selling list – Varsity Lakes (16 days).Queensland’s fastest selling suburbs: 3 Dalkeith Court, Fitzgibbon, was sold by Jarrod Tyler of Coronis – Bracken Ridge for $545,000 on April 18, 2017.Picture: Realestate.com.auWhen it came to Queensland’s fastest selling unit markets however, the Gold Coast had four of the top 10 – with units in Elanora seeing a median time on market of 20 days, Reedy Creek 21, Mudgeeraba 23 and Burleigh Waters 26.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoBut the hottest unit market in Queensland was Oxley – 10.8km from the Brisbane CBD, which where the median sale time was 15 days.Queensland’s fastest selling suburbs: 21 Huxtable Street Chermside West, was sold by Ann Nugent of Richardson and Wrench – Brisbane for $775,000 on March 3 2017. Picture: Realestate.com.auHendra in Brisbane’s north also made the hottest unit market list logging time on market of 22 days.Three suburbs in Brisbane’s south east were also in the 20s – Carina Heights (22 days), Wishart (24) and Holland Park West (25).Queensland’s fastest selling suburbs: 29 Kingstown Avenue, Boondall, was sold by Chris Winkler and Tristan Rowland of Place – Aspley for $473,000 on March 16, 2017. Picture: Realestate.com.auThe only non-South East Queensland suburb to make the top 10 was Freshwater in Cairns where units were selling in 25 days.Kusher said suburbs in sought after locations where there was relatively low stock available for sale would see a fairly rapid pace of transactions – “especially if vendors ensure that they are setting realistic initial listing prices”.Queensland’s fastest selling suburbs: 2 Magenta Drive, Varsity Lakes, was sold by Mitch Harrop of LJ Hooker Robina for $820,000 on April 20, 2017.Picture: Realestate.com.auQUEENSLAND’S HOTTEST MARKETS:HOUSES:Keperra Brisbane 10Algester Brisbane 13Willowbank Ipswich 13Middle Park Brisbane 14Ferny Grove Brisbane 15Geebung Brisbane 16Fitzgibbon Brisbane 16Chermside West Brisbane 16Boondall Brisbane 16Varsity Lakes Gold Coast 16UNITS:Oxley Brisbane 15Elanora Gold Coast 20Reedy Creek Gold Coast 21Hendra Brisbane 22Carina Heights Brisbane 22Mudgeeraba Gold Coast 23Wishart Brisbane 24Holland Park WestBrisbane 25Freshwater Cairns 25Burleigh Waters Gold Coast 26(Source: CoreLogic)last_img read more

Latvian pension funds post negative returns over first quarter

first_imgStock market turbulence caused Latvia’s 12-month second-pillar pension fund returns for the end of the first quarter 2016 to fall to -3.07%, from 9.5% a year earlier, according to the Association of Commercial Banks of Latvia (LKA).The eight active, equity-weighted plans suffered the biggest hit, returning -4.05%, in contrast to 2015, when they generated 11%.The returns of the four balanced funds fell from 9.2% to -3.17%, and those of the eight conservative bond-weighted funds from 5.9% to -0.64%.The improved year-to-date returns – of 0.57% for the conservative plans, -0.07% for the balanced funds and -0.75% for the equity ones – reflected the global stock market rebound in February and March. Changes in asset allocation strategies since the end of 2015 varied depending on the class of fund.The active funds maintained their cash holdings at 15%, one of the highest shares for this asset class for more than five years, and that of equity and equity funds at 26%, while the bond and bond fund share declined by 2 percentage points to 48%.The balanced funds’ portfolio structure remained virtually unchanged, with bond and bond funds accounting for 70%, equity and equity funds 17% and free cash 9%.The conservative funds markedly increased their liquidity, with the cash holding growing by 5 percentage points to 14%, and that of bank deposits by 1 percentage point to 9%, while the share of bonds and bond funds fell by 6 percentage points to 77%.Euro-denominated assets accounted for 92% of all second-pillar assets, followed some way behind by the US dollar at 6%.Geographically, the most significant shift was a 3-percentage-point drop in Western European holdings, to 13%.Latvian assets accounted for the bulk, at 43%, followed by Eastern Europe at 21%, global assets (13%), North America (5%) and Asia (4%), while only 0.4% were invested in Russia.Second-pillar assets grew by 11.6% year on year to €2,408m, of which an estimated €400m is net investment income, while membership increased by around 15,500 to 1.26m.Voluntary third-pillar returns also declined over the year, from an average 10.28% to -3.27%, with the active plans returns falling from 14.85% to -5.41%, and those of the balanced plans from 8.41% to -2.28%.Asset allocation remained relatively similar to that at the end of 2015.The main change was a 1-percentage-point fall in the equity and equity fund share, to 9% for the balanced funds and 33% for the active ones, in favour of bank deposits.As in the case of the second-pillar funds, most (91%) of the assets were euro-denominated and invested in Latvia (32%).Over the year, assets increased by 9.5% to €332m, and membership by 18,415 to 258,670.last_img read more

Blake Griffin season-high 32 leads Clippers on Knicks fight night

first_imgDeAndre Jordan had 28 points and 15 rebounds for the Clippers, who rallied from a 10-point deficit in the fourth quarter to end a three-game losing streak.Carmelo Anthony had 28 points and Kristaps Porzingis 27 on a night there was plenty of fight from the Knicks. Anthony played well the day after Phil Jackson took another dig at him on Twitter by referencing an article that was critical of the forward. Coach Jeff Hornacek acknowledged it may have been a distraction, but one he expected the Knicks to play through, and they had a chance to tie before Anthony missed a 3-pointer down 118-115.Griffin then put it away with a free throw with 5.9 seconds left.“They kept their composure. They played well, they executed and we just couldn’t score,” Porzingis said. “That’s how it goes sometimes.” NEW YORK >> The Clippers saw plenty of fight at Madison Square Garden — especially from a former Knick.Blake Griffin scored a season-high 32 points and the Clippers beat New York 119-115 on Wednesday night after ex-Knick Charles Oakley was ejected and arrested in the first quarter.Griffin was one of the players close to Oakley when he shouted at MSG chairman James Dolan and shoved away security guards before he was forcefully removed by arena security.“I stopped and then there was an inbounds play on the side,” Griffin said. “I turned around just in time as he was handing it to him and then there was a foul. I walked back to catch the third, fourth and fifth rounds. It was crazy, man.” Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img The Knicks lost their third in a row on a bizarre day even for one of the NBA’s most dysfunctional franchises.“At the end of the day, regardless of what’s being said, what’s going on, you still got to come in here and play basketball,” Anthony said. “And I think that’s the most important part, the most important thing that we should be focusing on.” The Jackson-Anthony feud dominated the pregame talk but quickly took a back seat to the main event between Oakley and Dolan. Oakley was a popular Knick during the 1990s but has fallen out of favor with the franchise because of his criticisms of Dolan.He shouted at Dolan from a seat a couple of rows behind until security came. Oakley shoved a couple of them before he was removed while players on both teams watched as Porzingis was preparing to shoot free throws. Fans chanted “Oakley! Oakley!” as he was led to the tunnel, handcuffed and eventually taken by the New York Police Department.“It kind of happened fast. It was a crazy little situation,” Jordan said. “But then they kind of took my boy out of there. It was kind of crazy.”It was the Clippers’ ninth consecutive victory against the Knicks, their longest winning streak against an opponent. It was coach Doc Rivers’ 785th win, passing Gene Shue for 15th place on the NBA career coaching list. Rivers and assistant Mike Woodson both played for the Knicks. Woodson coached New york to playoff appearances in 2012 and 2013.The Clippers will play at Charlotte on Saturday to end the eastern portion of their five-game trip.last_img read more