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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

The Latest: Royals to fill seats with plastic fan cutouts

first_imgThe Hall of Fame coach says all three are experiencing issues getting into the United States because of the coronavirus pandemic and he doesn’t know if any of them will be back with the rest of the team on July 26. Auriemma questions why professional athletes have been allowed back from overseas, but not college athletes.“We started asking questions like, ‘Why is that?’” Auriemma said. “We’ve got some really good people in Washington, D.C., looking into how to do that for international students, not just athletes but kids that have enrolled here, gone to school. What is the issue here? Why can’t we get that resolved?”Auriemma said he’s planning as if there will be a college basketball season but is not sure that will happen. “How are certain teams going to come here and play if they come from a state that’s been severely impacted? I don’t know,” he said.___The Russian soccer league says another game involving FC Orenburg has been called off following an outbreak of coronavirus at the club. July 1, 2020 A portion of the proceeds will benefit the Royals Respond Fund, an effort to support Kansas City-area nonprofits that are focused on food insecurity amid the coronavirus pandemic.The idea of putting fan likenesses inside stadiums began in Germany when soccer resumed, and other baseball franchises like the Oakland A’s have proposed the same idea. Season ticket holders will have the first opportunity to purchase their likenesses.___UConn women’s basketball coach Geno Auriemma is asking for help from Congress to get foreign students, including athletes, back to campus.The Huskies have three foreign players on their roster this year: Anna Makurat, a sophomore from Poland; Nika Muhl, a freshman from Croatia, and Aaliyah Edwards, a freshman from Ontario, Canada. The Latest: Royals to fill seats with plastic fan cutouts Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The Kansas City Royals have launched what they are calling a “Fanbassador” program in which up to 500 fans may purchase a plastic cutout of their likeness for $40 apiece that will be displayed in a seat at Kauffman Stadium during the abbreviated 2020 season. The league says the regional public health body did not sign off on Orenburg hosting Ural Yekaterinburg. Orenburg already forfeited a game on Saturday against FC Krasnodar.The league says 10 people at Orenburg have been confirmed to have the virus. The club said last week that six players and two staff members had tested positive.There was no mention of any plan to reschedule the game.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sportslast_img read more