Cairns units give strongest investor returns in Queensland

first_img57-59 Fig Tree Drive, Caravonica. The quarterly median house price increased marginally over the December 2018 quarter, up 0.1 per cent to $400,500 — however it was an improvement on the previous quarter when the median reduced by 4.3 per cent.The result is somewhat surprising given the volume of sales was down on the previous quarter.In fact, the volume of sales in Cairns has reduced about 12 per cent over the year ending December 2018.Caravonica, nestled at the foot of rainforest, posted Cairns’ best price growth over the year with its median house price increasing an impressive 26.3 per cent to $499,000 — a price uplift of more than $100,000 in 12 months.Over the past year, the median days on market and median vendor discounts have remained relatively static.A house in Cairns required about 56 days to achieve a sale with the median negotiated discount sitting at around 5.8 per cent. CAIRNS has proved itself a standout among the state posting one of the strongest returns for units in Queensland according to the recent Real Estate Institute of Queensland’s Queensland Market Monitor report.Townsville, the Far North and Bundaberg recorded the strongest performance for the December 2018 quarter with gains of 15.9, 8.4 and 6.9 per cent.In Cairns 218 units sold at a median price of $238,500.The report authors commented that Cairns property prices were “relatively steady compared to a year ago”.The Cairns median house price reduced 1.2 per cent over the year ending December to finish 2018 on $405,000. The Whitehaven unit complex on Wattle Street, Yorkeys Knob. Picture: BRENDAN RADKE Its unit market posted similar yearly results with its median price flat at $230,000.“Over the December quarter, however, this sector was the second-best unit performer in the state,” the report read.“The rental market continues to be tight, which has resulted in weekly rents increasing from $10 to about $45 per week over the past year depending on the dwelling type.“Yields in Cairns are also very healthy, which means that the investment sector is enjoying good cash flow even if the capital growth equation continues to be mostly benign.“Only time will tell if the most recent median unit price increases are a sign of more growth on the horizon.“The volume of sales for both dwelling types is continuing to fall, however, theMore from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agonumber of unit listings has contracted over the past year.”The most affordable suburbs for houses for the year ending December 2018 were White Rock ($287,500), Woree ($306,500) and Gordonvale ($310,000).The most affordable suburbs for units for the year ending December 2018 were in Woree ($132,250), Bungalow ($150,000) and Edmonton ($150,000).last_img read more

Fayette Co. woman jailed on meth charges

first_imgCONNERSVILLE, Ind. – A woman is facing drug charges after authorities raided a Connersville home Tuesday night.State troopers obtained and conducted a search warrant in the 3200 block of Central Avenue around 10 p.m.As a result Tabitha Belt, 32, was arrested and charged with Possession of Methamphetamine (Level 6 Felony) and Maintaining a Common Nuisance (Level 6 Felony).Investigators say more further charges and arrests could be made pending prosecutor review of the case.last_img

Bucks in six? All eyes toward playoffs in Milwaukee

first_imgThe Milwaukee Bucks currently sit as the No. 6 seed in the Eastern Conference just one game ahead of the No. 7 Heat. With two games remaining in the NBA season, the Bucks are locked into a playoff spot. The only question is — where?The Bucks, Heat and Wizards are all within 1.5 games of each other, jockeying for position in the six through eight seeds of the Eastern Conference. Despite such a close race, Milwaukee is locked into a six or seven seed because of tiebreakers with the Wizards.Milwaukee’s path to the playoffs has been filled with twists and turns, from star guard Giannis Antetokounmpo being in the early MVP conversation to head coach Jason Kidd being fired midseason.At the time, Kidd’s January firing seemed to ignite a spark with the team as the Bucks went 7–1 in the first eight games under interim head Coach Joe Prunty. This was short lived — the team has gone 15–14 since their eight-game hot stretch.March Madness: Villanova, DiVincenzo dismiss Michigan for national titleSitting atop the College Basketball world for the second time in three seasons, Villanova University defeated the University of Michigan Read…If the Bucks remain at No. 6, they will face off against the Philadelphia 76ers in a first round matchup versus a fellow up and coming team. The Sixers are the hottest team in the NBA right now and are currently on a 14-game win streak despite the loss of star center Joel Embiid to a facial fracture and concussion last week. If Embiid is back for round one the combination of him and projected Rookie of the Year Ben Simmons make Milwaukee’s chances look grim in this potential matchup.The Boston Celtics have the No. 2 seed locked up in the playoffs. But after an injury to Celtics point guard Kyrie Irving there is a race for the seven seed at the bottom of the playoff standings. The Bucks would be fortunate to fall one spot in the standings and secure a matchup against an inexperienced team without their best player.The final team the Bucks might play are the Cleveland Cavaliers who are currently at the No. 4 seed but can move up to No. 3. This could be a nightmare matchup for any team in the first round as they will have to go through LeBron James.  Despite the Cavs well-documented struggles this year, James will still be vying for his eighth straight NBA Finals appearance and has proven he can escalate his team to another level come playoff time.Men’s basketball: Badgers look ahead after frustrating yearUniversity of Wisconsin’s men’s basketball team’s streak of 19 consecutive NCAA Tournament appearances ended last Friday with their elimination from Read…Though Antetokounmpo, Khris Middleton and Eric Bledsoe have been reliable options this year, the Bucks have taken steps back in other areas of the roster. Thon Maker, who looked like a future All-Star last year, now sits third in the depth chart behind John Henson and Tyler Zeller. Though he’s been impressive when healthy, last season’s Rookie of the Year Malcolm Brogdon has been out the past two months with a quad injury before returning last night against Orlando.But an interesting move the Bucks made recently was to giving Brandon Jennings a multiyear contract last week. Jennings is probably most famous for making the declaration “Bucks in six” in the 2013 NBA playoffs before facing — and ultimately getting swept by — the Miami Heat super team of James, Dwayne Wade and Chris Bosh.Jennings was impressive to begin his second stint with the Bucks, notching a near triple-double with a 16-point, 12-assist and eight-rebound game versus the Grizzlies. But after this hot start, Jennings cooled down, scoring double digits in points only once in the 14 games following his debut.Ohio State ends win streak for Badger men’s tennis, focus now shifts to Big Ten TournamentAfter an up-and-down start to the year, the University of Wisconsin men’s tennis team is starting to find its feet Read…While some may remember the “Brandon Jennings and Bucks in Six” era as one of disappointment, there was also hope. And in a sports year where backup quarterbacks can become Superbowl MVPs, why can’t Brandon Jennings hit a big shot to help the Bucks win a playoff game or series? Maybe even in game six.The Bucks last regular season game will be Wednesday, April 11 against the 76ers from Philadelphia at 7 p.m. CT.last_img read more

Second Sarajevo Grand Prix to be held

first_imgThe second Sarajevo Grand Prix, a project that aspires to promote bicycle riding, will be held again this year.The project, organized by the BiH Bicycling Association, with support from the Union Cycliste Internationale (UCI), will sponsor the international bicycling race – Sarajevo Grand Prix – which will see participation from approximately 140 contestants from more than 20 countries.In addition to the Grand Prix, which is already on the UCI’s calendar of events, there will also be a recreational race through Sarajevo and East Sarajevo. About 5,000 biking enthusiasts are expected and participants will attempt to break the Guinness Record for the longest single line of bicyclists (in motion), which was set in California back in 2010.Those who are interested in participating in the recreational race and trying to break the Guinness Record for the longest single line of bicyclists (in motion) may register at the following event will take place on 14th June at 12:00 a.m.(Source:sarajevotravel/ photo bicikli)last_img read more