Top five real estate ‘ugly ducklings’ prove affordability crisis is overrated

first_imgHobart has the lowest prices, tightest vacancies and highest yields in capital city Australia, Mr Ryder said. .“I think it’s a little overrated in terms as being expressed as national affordability crisis,” he said. “Obviously Sydney has a big problem in terms of young people getting into the market but in most of our cities there are affordable options for young people.”His latest ‘Cheapies with Prospects’ report named five of the hottest areas for growth where properties were still “cheap” – all of which were outside of the CBD area.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours ago“We’ve got a simple formula, the power combination for price growth which is affordability plus infrastructure plus jobs nodes equals price growth,” Mr Ryder said.Queensland dominated the top five – with Moreton Bay and Logan City, South Australia’s Playford made the cut and Victoria got a look in with Casey City – but it was Hobart leading the pack.“The property market in Hobart is rising as the Tasmanian economy improves. Hobart has the lowest prices, tightest vacancies and highest yields in capital city Australia,” the report said. This four bedroom Beachmere home in Brisbane’s Moreton Bay region went under contract for $282,500. Picture: research has revealed the nation’s top real estate “ugly ducklings”, areas prime for growth that prove Australia’s affordability crisis is founder Terry Ryder said strong affordability had seen the rise of star “ugly ducklings” – suburbs once considered unattractive “but which have the potential to transform into real estate swans”.He said affordability was seen as a big national issue but it was really only Sydney that had massive problems for young buyers. The Logan City region has the “power combination” of affordability plus infrastructure plus jobs, according to“The Moreton Bay LGA is now the busiest property market in the Brisbane metropolitan area, boosted by affordability, strong infrastructure and a growing local economy.“Logan City, which bridges the gap between Brisbane and the Gold Coast, is an ideal fit for “the power combination” of price growth: Affordability plus infrastructure plus jobs.“The Playford LGA is the fastest-growing area in South Australia, boosted by its supply of cheap housing options and proximity to multiple major employment nodes.“Victoria’s most prolific population growth area is forecast to continue expanding and plays a major role in State Government planning for Melbourne growth and jobs.”Mr Ryder said the vast majority of jobs were not in the CBD of the capital cities but in areas surrounding it some of which were showing the strongest growth prospects for property.“The vast majority of people who live in metropolitan areas really have no reason to go to the CBD, they don’t work there, they don’t shop there. Unless you work in the CBD and the majority don’t, then being close to it is not relevant to a lot of people.”last_img read more

Property once linked to INXS frontman Michael Hutchence sells

first_imgA GOLD Coast property once linked to INXS frontman Michael Hutchence has sold for a seven-digit figure. Picture: Chris CuffaroA GOLD Coast property once linked to INXS frontman Michael Hutchence has sold for a seven-digit figure.Vendor Jeniene Mapp, a former Disney Channel presenter, said her block on the Isle of Capri once held part of the late singer’s Gold Coast holiday home. 15 La Spezia Court, Surfers Paradise. Supplied. More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour ago02:37International architect Desmond Brooks selling luxury beach villa21 hours agoVendor Jeniene Mapp, a former Disney Channel presenter, in 2001.His house spanned three blocks and when he passed away it was sold and bought by one person who knocked it down and divided it into blocks. “When we moved in there were always lots of different stories about limos turning up and perhaps sightings of Kylie (Minogue). It sort of became Chinese whispers,” Ms Mapp said. Ms Mapp, who shot to TV stardom as a host of Channel 7’s Saturday Disney, said she would be sad to leave.Agent Nick Cole declined to disclose the sale price but it was listed for sale with a price guide of $2.1 – $2.3 million. 15 La Spezia Court, Surfers Paradise. Supplied. 15 La Spezia Court, Surfers Paradise. Supplied.last_img read more

GAM forced to halt dealing for €6.3bn bond funds after redemptions spike [updated]

first_imgThe management boards of the affected funds were “considering all future steps, including fund liquidations, to maximise value and liquidity for clients”, the company said.The affected funds had CHF7.3bn (€6.3bn) in assets under management as of 31 July when trading was stopped.In addition to the absolute return bond funds, Haywood also worked on trade finance portfolios worth CHF2.9bn and other fixed income strategies worth CHF653m. These have not been affected by the investigation.There have been no changes to the investment process and philosophy behind the funds, and no other GAM strategies have been affected, the company said.It added that it had not discovered any “material client detriment” during its investigation but the situation remained “under review”.“GAM is committed to ensuring equal treatment of all investors and protection of their interests,” the statement said. “The company is actively engaging with clients and is focused on resolving the situation as quickly as possible for investors.” Investment directors Jack Flaherty and Alex McKnight were jointly placed in charge of the absolute return bond strategy following Haywood’s suspension.Alexander Friedman, group chief executive at GAM, added that the company was “fully committed to safeguarding the interests of our clients”.Chairman Hugh Scott-Barrett said: “The board of directors acknowledges that recent events have been a setback for the company.“However, we have absolute confidence in the strength of GAM as a diversified asset manager and the ability of its investment teams to deliver returns for clients.“We have a clear strategy and management will continue to execute against it.”Zurich-based GAM ran CHF163.8bn in total as of 30 June, across equities, bonds, multi-asset and hedge funds.[This article was updated to state that GAM had halted dealing in the bond funds rather than trading.] Swiss asset manager GAM has halted dealing in its unconstrained and absolute return bond funds after a spike in redemption requests following the suspension of a fund manager.Clients began pulling their money out of the funds following the suspension of Tim Haywood, head of the strategy’s management team, on 31 July.The company announced his suspension on Tuesday morning after an internal investigation highlighted problems with his risk management and record keeping.In a statement today, GAM said it had halted dealing in and out of nine absolute return and unconstrained bond funds run by Haywood’s team to protect investors. It also stopped charging management fees on the affected portfolios.last_img read more

Live the life of a fitness guru in this amazing Gold Coast mansion

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThis Mermaid Beach mansion is for lease for $2800/week.Features include a spa area, sun deck, lap pool, a lounge with a ceiling mounted projector and a built-in wine fridge.There’s also a basement gym with a steam room for working out (of course). MORE: Turnbull to cash in on Canberra life The view from the home at 223 Hedges Ave, Mermaid BeachMr de Leede founded Fitness First in 1993 and now runs a rival budget gym chain called Fit n Fast. He is also the founder of Queensland’s Gwinganna Lifestyle Retreat. Tony de Leede at the Gwinganna Lifestyle Retreat in Tallebudgera Valley, which he founded.The Bondi Beach-based entrepreneur tried to sell the house back in 2011 and 2012.Mr de Leede said it would be hard to beat owning a property like this, but he hadn’t lived in it since he bought it and felt it was time to sell, as the Gold Coast market seemed to have picked up. “The place is magnificent, I bought it when it was brand new,’’ he said. Tony de Leede founded the Fitness First gym chain in Australia.THE founder of the Fitness First gym chain in Australia has put his luxurious, beachfront mansion up for rent for $2800 a week as he continues to struggle to find a buyer.Fitness industry pioneer Tony de Leede bought the property at 223 Hedges Ave, Mermaid Beach, at the height of the boom in 2009 for $7.3 million.It was last listed for sale in February for $7.4 million, but is now on the market without a price guide. RELATED: Margot Robbie’s mum is taking her Gold Coast house to auctioncenter_img The back deck and pool at the absolute beachfront home. This home at 223 Hedges Ave, Mermaid Beach, is for rent.The spectacular, four-level home on “Millionaires Row” is on a 405sq m block with uninterrupted 180-degree views. Spanning 584sq m of living space connected by grand ­timber staircase, the home has three bedrooms and a separate master retreat.last_img read more

Sex and language on TV sees big increase in complaints

first_imgNZ Herald 14 January 2012Sex and swearing on TV shows such as Outrageous Fortune has seen a steep increase in complaints to the Broadcasting Standards Authority over the past five years. The authority says increasing complaints reflect the unease some feel at the speed of change in community standards, but advocacy group Family First says those standards are being dragged lower by the authority’s permissive stance. The number of complaints received by the BSA which primarily related to issues of good taste and decency rose by almost 50 per cent last year to 96 of which 47 – almost half – were upheld, according to the authority’s annual report.While last year’s numbers were inflated by a rash of complaints about broadcaster Paul Henry, the increase was also driven by complaints about “frequent coarse language” used on Outrageous Fortune and sex scenes from the programme that were shown on 3News at 6.35pm. While the complaints about Outrageous Fortune were upheld, others, dealing with a scene from The Tudors showing a man tortured with a hot steel rod, a scene from Babel where a young girl exposed her genitals and an item on children’s show What Now where a judge said to Cinderella: “Next time I’m holding one of my balls, you’re invited” were not.Bob McCoskrie, head of Family First, said the trend of increasing complaints on issues of good taste and decency reflected growing public unease about the graphic content and profanity of many TV shows. A recent survey of 600 young New Zealanders aged 15 to 21 commissioned by Family First showed 57 per cent of females and 45 per cent of males agreed there was “too much sex, violence, bad language on TV”. Thirty-eight per cent of females and 58 per cent of males disagreed. Mr McCoskrie said the survey showed greater concern about sex, profanity and violence on television among older survey respondents. “Our concern is that for the younger ones, 15 to 17, it becomes normalised which is our concern with broadcasting standards full stop in what you allow. The BSA tries to argue that they’re representing community standards. We argue that they’re creating community standards by normalising it.” read more

Doctor Orders Family To Hold Down Patient For Lethal Injection (Netherlands)

first_imgIndependent 5 February 2017Family First Comment: It just gets worse!And add to that…..“The Dutch Parliament is considering revising the euthanasia laws to allow anyone older than 75 who is “tired of life” to have the right to assisted suicide, widening the current restriction which limits the practice to the terminally ill.”A Dutch doctor who ordered an elderly dementia patient’s family to hold her down as she was given a lethal euthanasia injection has been cleared of any wrongdoing.The doctor at a nursing home in the Netherlands, where euthanasia is legal, was investigated following the death of the unnamed woman who had expressed a wish to die “when the time was right”.The Catholic News Agency reported that the woman woke up despite the sleep-inducing drug she had been given in her coffee and tried to resist the procedure.The doctor then asked the relatives of the woman, said to be aged “over 80”, to restrain her while she administered the lethal injection.The senior doctor had determined the time was right because of a recent deterioration in the woman’s condition.“I am convinced that the doctor acted in good faith, and we would like to see more clarity on how such cases are handled in the future,“ said Jacob Kohnstamm, chairman of the Regional Review Committee, which considered the case.The case will be further examined by the Dutch courts to clarify the laws around euthanasia and determine whether doctors who carry out the procedure should be prosecuted if they are found to have acted in good faith.The Dutch Parliament is considering revising the euthanasia laws to allow anyone older than 75 who is “tired of life” to have the right to assisted suicide, widening the current restriction which limits the practice to the terminally ill.The Netherlands was the first country in the world to decriminalise euthanasia and assisted suicide in 2002, but has had several high-profile cases of doctor-assisted suicide in recent years.In 2015, there were more than 5,000 euthanasia deaths in the country – which represents a leap of 50 per cent in the past five years. Only four of these 5,306 deaths were found by officials to have involved “irregularities”. Psychiatric patients can be put to death at their own request as can under 18s. Those aged between 12 and 16 wishing to die must also have the consent of their parents, but 16-18s can take the decision themselves.READ MORE: read more

Neanderthal sex boosted immunity in modern humans

first_img Sharing is caring! Share Tweet LifestyleRelationships Neanderthal sex boosted immunity in modern humans by: – August 26, 2011 Sharecenter_img Share 41 Views   no discussions Human leucocyte antigen (mauve) is expressed on the outside of white blood cellsSexual relations between ancient humans and their evolutionary cousins are critical for our modern immune systems, researchers report in Science journal.Mating with Neanderthals and another ancient group called Denisovans introduced genes that help us cope with viruses to this day, they conclude.Previous research had indicated that prehistoric interbreeding led to up to 4% of the modern human genome.The new work identifies stretches of DNA derived from our distant relatives.In the human immune system, the HLA (human leucocyte antigen) family of genes plays an important role in defending against foreign invaders such as viruses.The authors say that the origins of some HLA class 1 genes are proof that our ancient relatives interbred with Neanderthals and Denisovans for a period.At least one variety of HLA gene occurs frequently in present day populations from West Asia, but is rare in Africans.The researchers say that is because after ancient humans left Africa some 65,000 years ago, they started breeding with their more primitive relations in Europe, while those who stayed in Africa did not.“The HLA genes that the Neanderthals and Denisovans had, had been adapted to life in Europe and Asia for several hundred thousand years, whereas the recent migrants from Africa wouldn’t have had these genes,” said study leader Peter Parham from Stanford University School of Medicine in California.“So getting these genes by mating would have given an advantage to populations that acquired them.”When the team looked at a variant of HLA called HLA-B*73 found in modern humans, they found evidence that it came from cross-breeding with Denisovans.Scanty remains While Neanderthal remains have been found in many sites across Europe and Asia, Denisovans are known from only a finger and a tooth unearthed at a single site in Russia, though genetic evidence suggests they ranged further afield.“Our analysis is all done from one individual, and what’s remarkable is how informative that has been and how our data looking at these selected genes is very consistent and complimentary with the whole genome-wide analysis that was previously published,” said Professor Parham.A similar scenario was found with HLA gene types in the Neanderthal genome.“We are finding frequencies in Asia and Europe that are far greater than the whole genome estimates of archaic DNA in modern humans, which is 1-6%,” said Professor Parham.The scientists estimate that Europeans owe more than half their variants of one class of HLA gene to interbreeding with Neanderthals and Denisovans.Asians owe up to 80%, and Papua New Guineans up to 95%.Uneven exchange Other scientists, while agreeing that humans and other ancients interbred, are less certain about the evidence of impacts on our immune system.“I’m cautious about the conclusions because the HLA system is so variable in living people,” commented John Hawks, assistant professor of anthropology at the University of Wisconsin-Madison, US.DNA from a tooth (pictured) and a finger bone show the Denisovans were a distinct group“It is difficult to align ancient genes in this part of the genome.“Also, we don’t know what the value of these genes really was, although we can hypothesise that they are related to the disease environment in some way.”While the genes we received might be helping us stay a step ahead of viruses to this day, the Neanderthals did not do so well out of their encounters with modern human ancestors, disappearing completely some 30,000 years ago.Peter Parham suggested a parallel could be drawn between the events of this period and the European conquest of the Americas.“Initially you have small bands of Europeans exploring, having a difficult time and making friends with the natives; but as they establish themselves, they become less friendly and more likely to take over their resources and eliminate them.“Modern experiences reflect the past, and vice versa.”By Matt McGrath Science reporter, BBC World Servicelast_img read more

Cooney adds to history at Stuart Speedway with 200th win of IMCA Late Model career

first_imgSTUART, Iowa (Aug. 3) – Thirty-odd years ago, Todd Cooney was one on the kids hanging on the fence and reveling in the races at Stuart Speedway.On Sunday, Cooney got to celebrate another of his own on-track accomplishments at the same storied venue.The Des Moines driver won his career division-best 200th IMCA Late Model feature in the resched­uled event, then got number 201 in the scheduled race. “Stuart was the best place in the world for me to get my 200th win and it’s where I wanted to do it. This is the track where it really all began for me,” Cooney said. “I remember being six, seven, eight years old and watching my dad and best friend Doug Davis race. It was awesome.” “I love everything about Stuart, the way it’s promoted and how much fun it is to race here,” he added. “I wish we could race here every week.”His 200th career win is the latest Late Model milestone for Cooney, IMCA’s national champion in 1997 and 2002 and the IMCA Speedway Motors Super Nationals fueled by Casey’s king in 2006 and 2008. He’s raced to 23 track championships in the division since 1995 and counts three straight Iowa crowns among seven total Allstar Performance State titles. “I cherish all those. My first Super Nationals championship was very special and 200 wins is just awesome. I never expected to have 200 wins at this point in my career,” Cooney said. “I’ve been fortunate over the years to have good help, good equipment and good sponsors.” At 41, Cooney acknowledges that there’s a light at the end of his racing tunnel that’s getting closer, especially given the success of his son Shawn, last year’s national rookie of the year in the Mach-1 Sport Compacts and a strong contender for the same award in the Karl Chevrolet Northern SportMods this season. “Every year I say I’m going to slow down and with my son racing I can see that happening. I have way more fun racing with him, ” he said. “My wife Shawntell and Mike Egenberger take him most nights and they do a really good job.” “Shawn didn’t grow up at the track like I did. Last year was his first year racing and the Sport Com­pacts were a good class for him to learn the basics,” Cooney continued. “Going into the SportMod he’s further along than we expected. We work on our cars at the same shop but I want to be there more to watch him race.”last_img read more

Leganes ready to offload Omeruo

first_imgRelatedPosts Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Chelsea sink Brighton to make winning start Former Chelsea defender, Kenneth Omeruo, is among three CD Leganes players being tipped for the exit door this summer, the others being Jonathan Silva and Siovas, according to reporting by Spanish sports daily AS.Leganes are looking to get Omeruo off the wage bill after losing their top-flight status at the end of the 2019-2020 season. The former Golden Eaglets and Flying Eagles star is aware that sticking with Leganes would diminish his chances of being invited to the senior national team by manager Gernot Rohr, and looks no further than the case involving Simeon Tochukwu Nwankwo who lost his spot to Paul Onuachu after Crotone were demoted to the Serie B.Omeruo joined Leganes permanently last summer for a fee of  €5 million, making him the second most expensive signing in Leganes history.Los Pepineros may find it difficult to recoup their investment in the Nigerian considering that he’s now valued at €2.4 million by transfer market experts.Since his La Liga debut, Omeruo has one goal to his name and was in action for 4,312 minutes – across 51 matches, 49 of which he started.— Tags: CD leganesChelseaEropla Kenneth OmeruoJonathan Silvalast_img read more

Baraweez in Galway repeat

first_img The Alistair Whillans-trained Scottish challenger Pintura, another horse with previous form at the track when previously with Kevin Ryan, set sail for home in the straight, but Baraweez reeled him in and got up by a neck. Ellison said: “It’s horses for courses. We’ve had a hard week with him. He’d a bruised foot and was lame all week but my staff have done a great job and the vet here was also a great help. “He only came sound this morning and if the race was yesterday he wouldn’t have run. The lad cantered him two furlongs this morning and he was fine afterwards. “This course probably suits him because he travels well, although the ground was a bit soft for him today. He was very game, and the kid gave him a great ride. “He’ll come back for the race he won at Leopardstown in September, and back here again next year hopefully. “We love coming here as they do a great job and everyone is so friendly.” Baraweez landed the Irish Stallion Farms EBF “Ahonoora” Handicap for the second successive year as British raiders dominated the feature event on the final day of the Galway Festival. Brian Ellison’s charge was the 7-4 favourite to repeat his Ballybrit triumph of 12 months ago, having been placed in the Topaz Mile, also for the second time, on Tuesday. With Donnacha O’Brien keeping the ride, Baraweez was settled against the rail, before switching wide to mount his challenge rounding the home turn. center_img Press Associationlast_img read more