Gold Coast faces second highest rental rate hikes in regional Queensland

first_img MORE NEWS: Two-year search for buyer finally over Rental rates have increased by about $10 a week for apartments.“Cairns had the biggest increase (3.8 per cent) followed closely by the Gold Coast (3.7 per cent) and the smallest increase was recorded across the Sunshine Coast at 2 per cent.”Rental prices on the Glitter Strip often peaked in summer due to an influx of seasonal residents before scaling back in winter when many people retreated.REIQ Gold Coast zone chairman Andrew Henderson said rents appeared to be at an all-time high and had the potential to further increase given the level of migration to the city.However, he said a recent rush of stock hitting the market would balance prices out because it offered more rental options, resulting in less competition.“We have seen a lot of new product development to the rental market in the past few months,” he said.“It seems to be those new buildings … attracting tenants who are willing to pay a higher level of rent. MORE NEWS: Prominent property developer plans to offload mansion 1. Clear Island Waters (House) — $850.2. Broadbeach Waters and Tallebudgera Valley (H) — $795.3. Benowa (H) — $780.4. Tallebudgera (H) — $765.5. Bundall (H) — $750. Gold Coast rental prices are on the way up.TENANTS are being forced to dig deep into their pockets as rental prices on the Gold Coast continue to climb.New data in CoreLogic’s Quarterly Regional Market Update shows advertised rental rates have jumped 3.7 per cent for houses and 2.4 per cent for units in the year to March.That is the equivalent of $20 and $10 per week respectively.The median weekly rental rate is $560 for houses and $430 for units.CoreLogic research analyst Cameron Kusher said there was only one other region in the state that faced higher rental price hikes than the Gold Coast.“The cost of renting in Queensland is on the up, with advertised rental rates for houses increasing across all five regions,” he said. “Rentals are all about supply and demand, it’s a balance to make sure we’ve got various types of accommodation.”The news of increasing rental prices may sound alarming to tenants but REIQ director and Professionals Newlands Real Estate principal John Newlands said it was a sign of a strong market.More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“It’s probably a good thing, it shows the health of the market,” he said.“The Gold Coast (market) has always been very much cyclical (but) those ups and downs are starting to flatten out a bit.”Post Commonwealth Games, Mr Newlands said many people believed there would be too many rental properties on the market without tenants to absorb them, but that has been debunked.He said there were still plenty of options for tenants but also an increase in people wanting to rent, which made it a much more stabilised market.Latest CoreLogic data to May shows Clear Island Waters had the highest median asking rent at $850 per week while Stapylton had the lowest at $300 per week. MOST EXPENSIVE RENT (median per week) Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:13Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:13 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p216p216pAutoA, 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 Rate1xFullscreenGet Rental Ready!01:14 1. Stapylton (House) — $300.2. Willow Vale (Unit) — $360.3. Pimpama (U) — $375.4. Nerang, Highland Park and Coomera (U) — $380.5. Labrador and Southport (U) — $385.(Source: CoreLogic) CHEAPEST RENT (median per week)last_img read more

Presque Isle brings Ellsworth boys’ basketball season to an end in prelims

first_imgELLSWORTH — The Ellsworth boys’ basketball team’s 2016-17 season came to an end with a 60-50 defeat against Presque Isle in the Class B North preliminary round Thursday.Ellsworth (8-11) managed to keep the game close early but suffered a major blow when senior Bryce Harmon injured his ankle once again in the first quarter. He did not return to the game, and Presque Isle (14-5) took a 29-20 lead into halftime. The Eagles fought valiantly in the second half, but it wasn’t enough to stop Presque Isle from advancing to the regional quarterfinals.Jared Hamilton led Ellsworth with 20 points. Jackson Curtis had nine for the Eagles, and Zach Harris scored eight. Griffin Guerrette scored 24 points for Presque Isle, which also got 15 points from Jason Dumais and 10 from Bradley Kinney. It was the Wildcats’ third win against Ellsworth this season.The loss was Ellsworth’s fourth in a row. The team will lose Harmon, Troy Folmer and Trent Mahon to graduation in June but will return Hamilton, Harris, Jackson Curtis and Dylan Taplin next year.This is placeholder textThis is placeholder textlast_img read more

Lindsey Buckingham serenades Bovard crowd

first_imgLindsey Buckingham, the guitarist of the renowned ’70s band Fleetwood Mac, took a break from the band’s tour to speak to a packed crowd in Bovard Auditorium on Wednesday night.Fleetwood Mac is best known for its Grammy Award-winning album Rumours which was released in 1977.At USC, however, Fleetwood Mac is best known for having recorded the song “Tusk” alongside the Trojan Marching Band.The talk was hosted by the Lloyd Greif Center for Entrepreneurial Studies as part of David Belasco’s class, BAEP 470: The Entrepreneurial Mindset – Taking the Leap.Upon introducing Buckingham, Belasco remarked that that night was special because it was all about the USC family and the experiences they share.Taylor DuPont, a sophomore majoring in business administration, said that she attended the event because Fleetwood Mac was an important part of her childhood.“Fleetwood Mac is my favorite band. I grew up listening to them and continue to do so. When I found out that Lindsey would be on campus, I jumped at the opportunity of seeing him talk and play,” she said.During the talk, Buckingham discussed his youth, how he met his bandmate and former lover, Stevie Nicks, and how he came to join Fleetwood Mac.He then discussed the success of Rumours and how it was also a difficult time for the band members because their romantic relationships were disintegrating.Buckingham said this difficult time affected his career. Belasco asked him whether great art required great pain.“At the very least, emotional experiences will only broaden your creative landscape,” Buckingham said.After every topic, Buckingham performed a song related to it. Among them were “Never Going Back Again,” “Bleed to Love Her” and “Big Love.”For every song that he performed, he received a standing ovation from the audience.Because of Fleetwood Mac’s unique connection to USC, Buckingham also discussed how Fleetwood Mac came to collaborate with the Trojan Marching Band to play “Tusk.”“We wanted something that would sound like a jungle roll and hypnotic. How Bartner got in the picture, I don’t know. Maybe Mick?” he said, referring to the band’s drummer.A video from USC’s archives that showed the day that “Tusk” was recorded at Dodger Stadium was shown. Belasco explained that through “Tusk,” the Trojan Marching Band was able to set two unique records, one for the first collegiate marching band with a Grammy-winning record and one for the most musicians collaborating on one single.Following the talk, students asked Buckingham questions. He provided them with advice regarding the definition of success.“I was never really [goal-driven]. I was focused, but not necessarily trying to do anything for anything other than my own success,” Buckingham said.The talk ended with Buckingham performing “Tusk” and “Go Your Own Way” with the band.Earlier in the talk, Buckingham said the work of Fleetwood Mac has been able to reach such a wide array of generations.“We have gotten teenagers whom our body of work seems to make sense to,” Buckingham said.Students said after the event that they were very pleased with Buckingham’s talk and performance.Jake Simon, a junior majoring in business administration, said that he felt very fortunate to have been able to attend.“I was in the second row and it was beyond incredible,” he said.Cristina Gomez said she was impressed by the uniqueness of the event.“This was like a personal concert for ourselves along with stories. It was so impressive!” she said.At the event, the Lloyd Greif Center awarded Buckingham with a trophy that recognized his contributions to the university, as well as his musical entrepreneurship.Correction: An earlier version of this article quoted Cristina Gúzman. Her name is actually Cristina Gomez. The Daily Trojan regrets the error.last_img read more