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Reasons for optimism

first_imgKeyes & Co principal Damien Keyes says the Townsville property market will improve.PROPERTY prices in Townsville are continuing to drop despite an increase in confidence according to latest Queensland Market Monitor report. The report, compiled by the Real Estate Institute of Queensland, examined property data from the September quarter.For the September quarter Townsville median house prices fell 1.5 per cent to $330,000 while the quarterly median unit sale price fell 15.5 per cent to $236,000.However days on market reduced from 70 in August 2016 to 64 days in August this year.In the same period vendor discounting in the house market fell from 8.6 per cent to 7.8 per cent and the most active price bracket was for house sales below $350,000.REIQ regional director and Keyes & Co Property owner Damien Keyes said there were positive indicators. “Volume has lifted for this quarter so it feels like a good platform is being built for the early part of next year,” he said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“External investors are picking off these cheaper properties so I think 2018 will be a case of really watching the sales volumes because that will be the first indicator of prices increasing.“Agents are saying October and November were really strong and I don’t think you’ll see huge price jumps but you’ll see an overall increase in confidence in Townsville’s property market.”In more positive news for Townsville rental vacancy rates have fallen to 4.3 per cent, down from 7.1 per cent in September 2016.Rent prices have also remained steady at $285 a week for three-bedroom houses, $240 a week for two-bedroom units and $300 a week for three-bedroom townhouses.The report flagged the Port of Townsville’s proposed $1.64 billion expansion, the stadium project, Haughton Pipeline duplication, airport redevelopment and Townsville being the FIFO hub for Adani as economic growth drivers. The report stated that the Townsville property market was expected to improve in 2018.“The regional economic outlook looks promising as a number of large projects … commence injecting investment to the region and creating job opportunities,” the report stated.“Considering the strong infrastructure program, the REIQ remains positive about the future of the Townsville housing market. However, the house and unit sale markets are still classed as falling as there is not yet evidence that demand is improving to achieve price stabilisation.”last_img read more

D’Tigers Overtakes Angola, Tunisia as Biggest Climber on FIBA Rankings

first_imgFemi SolajaThe national men’s basketball team, the D’Tigers who performed below par at the just concluded Rio Olympics basketball event but they have emerged better than they were before the Games as figures released by the sport’s world governing body, FIBA show.According to the monthly ranking just released by FIBA, Nigeria emerged the biggest climbers on the ranking from 25th before the Games to 16th now, just below Venezuela, another country that improved tremendously on the table to 15 from their previous 22. By this Ranking, Nigeria is now the highest ranked African team, overtaking perpetual rivals Angola who incidentally also fell to the D’Tigers at last year’s Afrobasket in Tunisia while Tunisia who were however, not at the Olympics also gained two steps to now occupy the 21st position from 23rd, ahead of Angola who fell 8 steps from 15th to 23rd.After Nigeria and Venezuela who were the biggest climbers, Serbia who lost the Olympic gold to the USA also climbed three spots from 6th to 3rd while Brazil gained two steps to now occupy the 7th spot.The USA remain top of the Ranking and are followed by Spain, semi final losers at the Olympics. Serbia, France, Lithuania, Argentina, Brazil, Turkey, Russia and Australia make up the top 10 countries in that order.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Africa pledges its support for Sepp Blatter in Fifa presidency elections

first_imgEvery one of Africa’s 54 member countries will vote for Sepp Blatter in next month’s Fifa presidential election, the president of the Confederation of African Football, Issa Hayatou, said on Tuesday.“Africa is comfortable having you. Africa stays with you,” Hayatou said in a speech to open Caf’s annual congress in Cairo, at which Blatter is present.Although the individual countries do not have to follow Hayatou’s directive, Africa is expected to be a strong base of support for Blatter. With 54 of the 209 Fifa member countries eligible to vote in the presidential election in Zurich on 29 May, Africa is the largest of the six continental confederations.Blatter is seeking a fifth term in office to extend a reign that began in 1998. The Fifa vice-president Prince Ali bin al-Hussein of Jordan, the Dutch FA head, Michael van Praag, and the former Portugal international Luís Figo are standing against him. Those three challengers will not be addressing Caf delegates.In his speech to the congress in Cairo, Blatter reflected on Africa’s achievements during his time as Fifa president, including the continent’s first World Cup in South Africa in 2010.He said Hayatou, who has led CAF for 27 years despite allegations of corruption and an official reprimand by the International Olympic Committee, was a pillar of African football. –last_img read more