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

‘Ursula’ aftermath: New Year in evacuation centers

first_imgILOILO City – More than 10,000 families displaced by typhoon“Ursula” on Christmas Day in Western Visayas could be welcoming the New Year invarious evacuation centers. As of 3 p.m. yesterday a total of 10,227 families or 45,361individuals were still temporarily staying in these centers, according to theRegional Disaster Risk Reduction and Management Council (RDRRMC). They were part of the 200,671 families (894,861 individuals)adversely affected by “Ursula” in the region. The other families returned totheir respective houses already to rebuild their lives. The typhoon’s death toll climbed to 26, according to the RDRRMC –five from Aklan; five from Capiz; and 16 from Iloilo. In Iloilo, the towns of Lemery, Mina, Concepcion, Dingle, andJaniuay suffered agricultural losses, too, amounting to P29,648,068. In Antique, only the town of Barbaza had so far submitted a reporton agricultural losses – P6,058,560. “After the New Year celebrations,we will be meeting para mabal-an konsin-o hatagan kag kon pila,” said Treñas.The city mayor was initially thinking of givingas much as P100,000 to each affected local government unit.“But the city disaster council will assess. Kun ano gid man ang findings, that willbe submitted to the Sangguniang Panlungsod for approval,” said Treñas. So far, it had released P1.2million cash assistance to 222 displaced families in Balasan and Carles. Consolidated data in the RDRRMC showed the typhoon damaging atotal of 111,673 houses in the region of which 15,948 were total and 95,318partial. The Department of Social Welfareand Development (DSWD) has ongoing assessment of affected families, initiallyin Balasan, Iloilo and Pontevedra, Capiz.center_img In Capiz, particularly in Panitan, Pontevedra, Pilar and Daotowns, damage to agriculture zoomed to P136,128,843.22. A total of 218 received P5,000 eachin financial assistance and six received P20,000 each in burial and financialaid. Two of the six casualties were from Carles.Also, 1,500 family food packs were also releasedto Balasan. Six persons remained missing – one from Aklan, two from Capiz andthree from Iloilo. In Pontevedra, Capiz around P1.4million cash assistance was released to some 272 affected families or at P5,000for each families. On the other hand, the damage to agriculture (crops such as rice,etc.) reached P171,854,199.37. The typhoon’s devastation prompted the following areas to declarea state of calamity: Capiz and Aklan provinces, Roxas City, and 10municipalities (Kalibo and Malay in Aklan; Pandan, Caluya and Libertad inAntique; Sigma, Capiz; and Balasan, Batad, Carles, and Concepcion in Iloiloprovince). The Iloilo City government vowed tohelp these areas. Mayor Jerry Treñas instructed City Disaster Risk Reductionand Management Office head Donna Magno to coordinate with the local governmentunits concerned. Cadiz City in Negros Occidental reported P19,728.15 losses in riceproduction, according to the RDRRMC./PNlast_img read more

Allardyce eyeing Gunners scalp

The Hammers were beaten 2-0 at Chelsea on Boxing Day, but have won six of their nine home games this season to help them challenge at the top end of the table in the Barclays Premier League. “The last seven home games have been six wins and one draw,” Allardyce said. Press Association “I am relying on the home form that we have shown over the last seven games to be there in abundance on Sunday. “We have turned it into a real fortress again and I hope that is going to be the case against Arsenal.” Allardyce has revived the Hammers from relegation contenders to European hopefuls after his position was scrutinised last season. His job remains in some doubt as his current contract expires at the end of the season, but he is relaxed. “It’s not a problem with me and never has been,” Allardyce added. “For me that will all be decided if and when the owners decide if they are ready.” Allardyce hopes to guide West Ham into the Olympic Stadium for the 2016-17 season, in a move similar to when Arsene Wenger took Arsenal from Highbury to the Emirates Stadium. “He’s been manager, accountant and financial director, there is no doubt about that,” said Allardyce, paying tribute to Wenger. West Ham manager Sam Allardyce wants to add Arsenal to a list of conquests at Upton Park which includes Liverpool and Manchester City. “The man set out a fantastic team before they decided to move and then built a couple of brilliant young teams based on the fact that the same amount of finance didn’t appear to be available to him. “The one thing we have got to our advantage is that we don’t have to pay £450million for our new stadium, which is the best bit of business ever done in football by a set of owners. “I don’t think there is any bit of business that has ever been as good as what David Gold and David Sullivan have done acquiring the Olympic Stadium. “So what you have to do in football terms is use your money that has been saved on that development into the team to strengthen it and when the club gets there, be in a position where hopefully it is not concerned with its Premier League status.” Arsenal manager Arsene Wenger needs no reminding of just what an important player Alex Song can be. The Gunners – who beat QPR 2-1 at the Emirates Stadium on Boxing Day, where striker Olivier Giroud was sent off for a headbutt on Nedum Onuoha – make the short trip across east London to Upton Park looking to maintain their push towards the Barclays Premier League’s top four. West Ham may have lost at Chelsea on Friday’s lunchtime kick-off, but remain confident following a superb opening half of the campaign, which has seen both Liverpool and Manchester City beaten at the Boleyn Ground. Irons’ boss Sam Allardyce is in no doubt of the contribution made by Song, the loan signing from Barcelona offering a formidable defensive shield for the likes of Cheikhou Kouyate, Stewart Downing, Enner Valencia and Diafra Sakho to stretch the opposition. Having helped mould Song from the raw talent playing in French Ligue 1 at Bastia, Wenger is not surprised to see the 27-year-old, who left Arsenal in 2012, producing solid displays in the Premier League once again. “I brought him here at the age of 17 and kept him despite all the opinions against him. He developed into a very good player, so you don’t need to convince me he is a good player,” said Wenger of Song, who started on the bench at Chelsea. “I think he was a very good player when he was here and he didn’t play a lot when he was in Spain – you see players like Santi Cazorla who always looks stronger (when they play regularly).” Arsenal can leapfrog West Ham with victory on Sunday, and are just two points behind fourth-placed Southampton, but ahead of Tottenham only on goal difference. With so little between the sides around the Champions League places, Wenger just wants his players to concentrate on continuing their recent positive form, which has seen just one defeat from eight in all competitions. “I don’t give importance to the table at the moment,” he said. “There are 20 games to go. It is very tight and it is down to consistency now. “We know every game now is down to consistency and reproducing the performances. “We need to prepare quickly, focus quickly and that is an ability we want to show at West Ham.” read more