Demand is coming back to the Brisbane property market

first_imgThe home more potential buyers looked at on line this week than any other in Australia, was this property at 14 Stella St, Holland Park. Holland Park is Queensland’s most in demand suburb.A SEARCH for affordability is driving buyers back to the Brisbane property market with a leading economist labelling the Australian property market as “bullet proof’’.Speaking ahead of the release of the latest REA Group Property Demand Index, chief economist Nerida Conisbee said despite some data showing a drop in median house prices in some capital cities, demand had rebounded to hit a record national peak.Ms Conisbee said the Australian residential market felt almost bulletproof at the moment.“Continued increases in demand (are) setting us up for even more price growth in our major cities, despite the constant speculation based on median price figures that the market is set to collapse,’’ she said.Ms Conisbee said the index showed that the Gold Coast’s run as Queensland’s “wonder child” appeared to be on the wane, but buyers were heading back to Brisbane.Demand in Queensland for houses had increased 14.8 per cent compared with the same time last year and 18.8 per cnet for units.“Although the (Gold Coast’s) suburbs generally dominate the most popular suburbs, the pendulum appears to be swinging back to Brisbane. Buyers are looking for affordability and big blocks in the outer suburbs, and in the inner city, more expensive suburbs also feature,’’ she said.The index revealed Brisbane’s most in demand suburb was Holland Park. The second most in demand was much further afield, Armstrong Creek, near Dayboro.Nerida Conisbee has described Australia’s property market as “bullet proof’’.Holland Park is the suburb where Australia’s most viewed property listing was this week. The five-bedroom house at 14 Stella St is listed for offers over $1,375,000.Wilston and Grange featured prominently as well followed by Tallebudgera on the Gold Coast.Brisbane agent, Mikki Finlay who has returned to her boutique agency Premium Residential said the housing market was buoyant at the moment with some “more than significant’’ sales being achieved.“However the unit market is suffering with the unprecedented and continuing release of over 35,000 new apartments in Brisbane; as a result we have seen existing units take some rather hefty reductions in price in an attempt to achieve a sale.“I believe the premium market is tracking very well and I would expect this trend to continue throughout 2017,’’ she said.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoMs Conisbee said a lack of supply was helping drive demand across capital cities.Her comments about supply were echoed by Ray White CEO Tony Warland this week who said reduced supply was behind price growth and quicker sales.QLD’S most in demand suburbsHolland ParkArmstrong CreekWilstonGrangeTallebudgeraWishartChandlerFerny HillsStafford HeightsCamp Mountainlast_img read more

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Former anti-heroin leader found guilty

first_imgDEARBORN COUNTY, Ind. — John R. Bitzer II, the man who once led group fighting heroin addiction, is now behind bars.The former president of 1 voice, was found guilty of felony fraud and misdemeanor theft.He pleaded guilty and was sentenced to 2 and a half years on the fraud count and a year on the theft count.Bitzer, 40,  received 299 days credit for actual days served, which translates to 598 good time days.In November he admitted to probation violation and violating the county’s drug court program.The violation includes false informing, and failing to perform drug tests.He also came under investigation in Dearborn County when information surfaced that he mishandled funds as president of 1 Voice.No charges have been filed as a result of that investigation.1 Voice dismissed Bitzer after his arrest in Ohio.last_img read more

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Blurton, Heger among Soderberg Memorial winners at Dodge City

first_imgBy Lonnie Wheatley DODGE CITY, Kan. (Sept.) – Zach Blurton and Ryan Heger were among those scoring victory honors as 124 cars filled the pit area Saturday night for the Inaugural Jerry Soderberg Memorial Championship event that closed out the season at Dodge City Raceway Park.While Blurton took URSS Sprint Car honors after apparent winner Taylor Velasquez weighed in light at the scales and Heger topped the season finale in IMCA Xtreme Motor Sports Modifieds for the second year in a row, Josh Appel took the win in United Wireless IMCA SportMods, Ron Hartman rallied from the tail to top the IMCA Sunoco Stock Cars, Dan Rogers bested the Thunder Cars and James Phelps won the Hornet finale.Heger emerged from a three-way shootout with Cole Traugott and Van Gemmill over the final circuits for his second win in season finale action in as many years.While Heger worked his way up from the 22nd starting position after heat race problems, Brad Keller and Jack Kirchoff paced the early circuits before Traugott surged into the lead on the 12th round in his bid for a third consecutive win to finish out the Dodge City season. Heger and the elder Gemmill had other ideas though, with Heger taking the checkered flag in the 20-lapper ahead of Gemmill. Beau Davis worked up to third in the final laps, Brendon Gemmill rebounded from mid-race issues to snare fourth with Traugott shuffled back to fifth in the final circuits. Austin Allen crossed the stripe sixth to put the finishing touches on his championship season.In similar fashion, Appel emerged from a multi-car battle over the last half of the race to post his first SportMod win of the year.Brian May paced the initial handful of rounds of the 20-lapper before Jeff Kaup surged into the lead. Trent Kleweno entered the mix at the midway point and held a handful of rounds before Appel battled into the lead for keeps on the 16th lap.Appel took the win ahead of Kleweno, with Kaup securing the title with his third place finish. Jared Baird and Mike Appel rounded out the top five.In Stock Car action, Hartman raced from 17th to take his first win of the season at Dodge City.Michael Pepper raced into the lead five laps into the 20-lapper before being swarmed by a host of challengers, with Hartman emerging with the lead on the 13th lap and then surviving some late challenges for the win ahead of Angel Munoz, Randy Dowell, Pepper and Justin Lewis. Billy Phelps finished off his championship season with a seventh-place finish.last_img read more

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