Price of land doubled over decade and it’s expected to get worse fast

If you waited a decade to buy land in SEQ, you will have found prices have doubled.THE price of land in this part of South East Queensland has doubled in the past decade with experts warning the situation is expected to get worse amid limited new supply coming on-stream.Latest data from property research firm Oliver Hume found the price per square metre for vacant land sales, on the Gold Coast corridor especially, went from $312 per square metre in 2007 to $620 in 2017.It found that land sales prices had increased for four consecutive years, while lot sizes had been decreasing two years in a row.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours ago“Over the last 10 years, from March 2007 to March 2017, median prices have grown 22 per cent, however average lot size has decreased 38.5 per cent during this period while price paid per sqm has increased from $312/sqm in 2007 to $620/sqm in 2017,” the research found. “The average price per square metre ($/sqm) has increased at a significantly higher rate of 98.7 per cent over the last 10 years.” The corridor between the Gold Coast and Brisbane has seen rapid growth in demand including Coomera.Oliver Hume Queensland managing director Brinton Keath said “prices have and will continue to rise while there is such a shortage of new land coming on to the market”.He said the surge was driven by the search for affordability in master planned communities that were still close to services and facilities.“Several unique factors are combining to spark strong activity in the southeast Queensland residential land market, particularly in the Gold Coast region,” he said. “Demand from offshore buyers, strong population growth, and a strong construction sector all contribute to the demand for new house and land.“These factors combined with a lack of land stock are generating strong buyer activity from both ‘warm’ and ‘hot’ buyers who have identified infrastructure activity as a hallmark of growth, and are rushing to capitalise on the potential growth.” read more

Tyler Strafaci, Charles Osborne advance to US Amateur final

first_img LIVE TV SUBSCRIBE TO US COMMENT Last Updated: 16th August, 2020 08:21 IST Tyler Strafaci, Charles Osborne Advance To US Amateur Final Tyler Strafaci and Charles Osborne advanced to the U.S. Amateur final Saturday at Bandon Dunes to earn spots next year in the Masters and U.S. Open WATCH US LIVE Written Bycenter_img Tyler Strafaci and Charles Osborne advanced to the U.S. Amateur final Saturday at Bandon Dunes to earn spots next year in the Masters and U.S. Open.Strafaci, the rising Georgia Tech senior from Davie, Florida, beat Oklahoma State’s Aman Gupta 1-up after losing a four-hole lead on the back nine. Osborne, the rising SMU junior from Reno, Nevada, topped UNC-Charlotte’s Matthew Sharpstene 4 and 2.The winner Sunday on the seaside course will get a spot in the 2021 British Open.Strafaci is trying to become the second straight Georgia Tech player to win the Havemeyer Trophy, following Andy Ogletree. Strafaci’s grandfather, Frank Strafaci, won the 1935 U.S. Amateur Public Links.Starfaci won the par-18th when Gupta ran a bogey putt well past and conceded.Strafaci raced to a 3-up lead, winning the par-4 first with a par, the par-4 fourth with a birdie and the par-4 fifth with a par. Gupta won the par-4 eighth with a par, and Strafaci took the par-5 ninth and par-4 10th with birdies to open the 4-up lead.Gupta won the par-5 13th with his first birdie of the day, took the par-3 15th with a double bogey after Strafaci made a triple bogey, and cut the deficit to one with a birdie win on the par-4 16th. He pulled even with a par win on the par-4 17th after Strafaci drove into a pot bunker.Gupta, from Concord, North Carolina, got into the field as an alternate last week when second-ranked No. 2 Ricky Castillo withdrew.Osborne and Sharpstene started slowly with three straight holes won with pars, with Osborne taking the fifth, and Sharpstene the par-3 sixth and par-4 seventh for a 1-up lead. Osborne took Nos. 8 and 9 with birdies and opened a 2-up lead with a par win on the par-4 11th.Sharpstene, who recently transferred from West Virginia to Charlotte, won the par-3 12th with a birdie. Osborne took the par-5 13th and par-4 14th with birdies and ended the match with a par win on the par-4 16th.Image credits: AP Associated Press Television News First Published: 16th August, 2020 08:21 IST FOLLOW USlast_img read more

Izet Hajrovic is the second most Valuable UEFA European League Player

first_imgIzet Hajrovic, BiH national player and footballer playing for Dinamo Zagreb, is currently the second most valuable UEFA European League player.Playing for Dinamo, Hajrovic scored three goals this season: in the first round, they beat Fenerbahçe with 4: 1 with two goals of BH players, and in the second round, Dinamo won Anderlecht with 2: 0.According to current statistics, the most useful player is Kai Havertz, footballer playing for Bayer Leverkusen, who also scored three goals, but has one assist.Just like Hajrovic, striker Munas Dabbur playing for Salzburg, scored three goals, and Leo Jaba scored two goals and two assists among currently the most useful players.Newly elected BiH’s national team selector Robert Prosinecki has not yet called Hajrovic to play for the national team, but he said that he and other players will be called in November when the BiH national team will play a match against Austria.Hajrovic started his professional career at Grasshopper, before joining Galatasaray in 2014. Six months later, he moved to Werder Bremen. In 2015 he had a loan spell with Eibar. Eventually, he signed for Dinamo Zagreb in 2018.A former Swiss youth international, Hajrovic even made his senior international debut for Switzerland, only to switch his allegiance to Bosnia and Herzegovina in 2013 and make over 20 caps since. He represented the nation at their first major tournament, the 2014 FIFA World Cup.last_img read more