New data shows the Gold Coast property market is ending the year on a high.THE new year is tipped to be a cracker for the Gold Coast’s housing market with prices back on the rise after months of stagnation.The Real Estate Institute of Queensland’s latest Queensland Market Monitor shows the city’s median house price has recorded its strongest quarterly result in the past year.Property experts believed it was a positive sign heading into 2020 and meant the market would go out with a bang come the end of the year.Houses were the city’s standout performers in the September quarter with the report revealing they were holding steady in the rising part of the property cycle. MORE NEWS: Where to buy a home in 2020 Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:12Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:12 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhen is the best time to sell or buy? Property cycles explained02:13 MORE NEWS: The suburb that topped the country’s highest sales list “It was a 3.2 per cent gain in values to $640,000 across 1246 transactions – the strongest quarterly result recorded in the past 12 months,” the report read.“For the year to September 2019, the annual median house price fell 0.3 per cent to $625,000 across a total of 5359 transactions.”REIQ Gold Coast Zone chairman Andrew Henderson said the results marked a good end to a tough year. REIQ Gold Coast zone chairman Andrew Henderson. Picture: Jerad Williams“The quarter has been a very strong one, which has then balanced the year off to finish pretty well stable,” he said.“Because of that last quarter, it should lead to a strong start (next year).”While the year was shaping up to be a much more stable one, Mr Henderson said it might be tougher for buyers.“Stock levels are still low, which means buyers do have a little bit less choice on offer,” he said.“I still think the stock (numbers) will be lower than we’ve seen in past years.”McGrath Palm Beach co-director Josh Willatt said the biggest difference between now and the start of 2019 was market confidence. McGrath Palm Beach co-director Josh Willatt.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“We had a pretty horrible start to the year, the main thing was a lack of confidence,” he said.“The buyers have definitely got a lot of confidence (back) and they’re happy to pay that little bit extra to secure a property.“I think the $900,000 to say, $1.6 million on the Gold Coast is going to see really good growth.”The unit market painted a gloomier picture with the median price dropping 2.3 per cent over the quarter to $425,000 across 1578 transactions, according to the report.However, it softened by just 0.9 per cent in the year to September to an annual median of $435,000.CoreLogic’s The Year That Was … And The Year Ahead report tipped the Gold Coast to be one of Queensland’s strongest performers next year.“Outside of Brisbane, it’s the coastal markets that are showing the strongest growth trajectory heading into 2020, particularly the Sunshine Coast and Gold Coast regions situated to the north and south of Brisbane,” it read. “Demand for lifestyle properties, especially those with some depth to the local economy, within easy commuting distance to Brisbane and close to a major airport, are likely to increase in popularity.”
West Virginia will leave the Big East to join the Big 12 conference. WVU has been approved by the Big 12 to replace Missouri when the Tigers move to the Southeastern Conference, according to the Associated Press on Tuesday.The report cites ‘a person with knowledge of the decision,’ who spoke on the condition of anonymity because it hadn’t been formally announced by the school or the Big 12 that its Board of Directors unanimously approved inviting West Virginia.The Big 12 plans to remain at 10 teams right now, and West Virginia would become the 10th member of the conference.The Mountaineers’ impending departure adds to the uncertainty already surrounding the future of the Big East, as the conference would be left with five football-playing members. WVU will be the fourth school to leave the Big East in the last six weeks. Syracuse and Pittsburgh announced their moves to the Atlantic Coast Conference on Sept. 18, and Texas Christian jumped to the Big 12 on Oct. 10 rather than joining the Big East next year as planned.West Virginia has been the Big East’s most successful football program since 2003, when Miami and Virginia Tech decided to leave for the Atlantic Coast Conference. Since 2004, the Mountaineers have won four Big East championships and had no fewer than eight wins in a season.AdvertisementThis is placeholder textA Big East spokesman said Tuesday afternoon that the conference was unaware of West Virginia’s plans to move to the Big 12. The spokesman said the conference is still pursuing a 12-team football model as announced previously. To reach that goal, the Big East would have to add seven schools without WVU.Calls and emails to West Virginia and the Big 12 were not immediately returned.Cincinnati, Connecticut, Louisville, Rutgers and South Florida will be the only football members left in the conference. Big East Commissioner John Marinatto said in a teleconference Oct. 18 that all 14 schools were excited and endorsed the Big East’s expansion plan, which included West Virginia. The schools unanimously voted to double the exit fee to $10 million Oct. 17.When asked in the teleconference if the Big East would consider dissolving if it lost any more members, Marinatto said discussions on the possibility never came up. He also said the Big East was positioned well to adjust to any further movement.Missouri’s decision to apply to the SEC is considered inevitable, but the timetable is uncertain, according to the report. West Virginia’s move to the Big 12 depends on Missouri’s departure, so there is no timetable for WVU to receive a formal invitation, according to the report.But the report said the Mountaineers will accept an invitation when it is offered.When it does become official, the Mountaineers will have to pay the $5 million exit fee. The increased exit fee does not take effect until one school commits to join the Big East. WVU would also be forced to wait the 27 months required by Big East bylaws before beginning play in the Big [email protected] Published on October 24, 2011 at 12:00 pm Contact Ryne: [email protected] Comments Facebook Twitter Google+
Gianni Infantini has been elected as the man to replace Sepp Blatter as Fifa president, winning an overall majority in the second round of voting.The Swiss-Italian edged ahead of favourite Sheikh Salman bin Ibrahim al-Khalifa in the first ballot but failed to secure the two-thirds of the vote required to secure victory.Infantino picked up 115 votes, needing just 104, to replace Sepp Blatter at the world football governing body. The voting in full:Gianni Infantino – 115 votesSheikh Salman – 88 votesPrince Ali al-Hussein – 4Jerome Champagne – 0FIFA election goes to second round Gianni Infantino caused a surprise by polling the most votes in round one of voting in Friday’s election to succeed Sepp Blatter as Fifa president. The Uefa secretary general failed to get enough to seal outright victory, claiming 88 of the 207 votes available at an extraordinary congress in Zurich.Pre-vote favourite Sheikh Salman bin Ebrahim al-Khalifa won 85.Prince Ali bin al-Hussein was next with 27, followed by Jerome Champagne on seven. Tokyo Sexwale withdrew earlier.It is the first time voting for the presidential election had reached a second round since 1974, when Joao Havelange of Brazil became the first non-European president ahead of England’s Sir Stanley Rous.Blatter, who led world football’s governing body since 1998, stood down last year and was later banned from football for six years. Analysis”Infantino’s camp has consistently maintained an air of optimism throughout the final days of this election campaign,” said BBC Radio 5 live’s sports news correspondent Richard Conway.”They were not surprised at how well he performed in round one.”What was surprising according to those close to Shaikh Salman is that pledges of support from Asia and Africa failed to materialise for the Bahraini.”What happens now?To become president after the first round of voting, a candidate needed to secure two-thirds of the available votes, which equated to 138.In round two, a simple majority is required, which means Infantino needs another 16 votes to become Fifa’s ninth president. “This election is being fought on the floor of the congress hall right now, with supporters of both Shaikh Salman, Gianni Infantino and Prince Ali talking to voterw,” added Conway. “We could be in for a long night.”What else has happened?Before voting began, reforms were passed to help make Fifa a more transparent and accountable organisation.All salaries will be disclosed, while a limit of four years has been placed on a president’s term.A new council to replace the current executive committee has also been introduced, featuring a female representative from each confederation.Greg Dyke, who will cast a vote as chairman of the English Football Association, says the reforms are “more important” than the new leader as it will provide an “opportunity for Fifa to start again”. How does voting work?There are 209 Fifa nations but Kuwait and Indonesia are currently barred from taking part, meaning there are 207 eligible voters.To become president after the first round of voting, a candidate must secure two-thirds of the available votes. If no candidate achieves that mark, a simple majority is required in the second round.If there is still no winner, a third round will take place, minus the candidate with the fewest votes in round two.Fifa says a winner must be declared on Friday because an ice hockey rink is due to be installed at the Hallenstadion venue at midnight. * Kuwait and Indonesia are currently barred from taking part in the electionHow significant is Friday’s election?Given everything that has happened to Fifa, this is seen as a pivotal moment for an organisation which has been heavily criticised for its lack of transparency and for failing to clamp down on corruption within it.A new leader, together with a raft of reform measures, is seen as a chance to start afresh.Acting president Issa Hayatou said Friday can “signal a new dawn”, adding: “This is our opportunity to show we are united in building a stronger Fifa.”How bad has it got for Fifa?There have been widespread allegations of corruption, the arrest of leading officials, the banning of its president and the sight of big-name sponsors deserting the organisation. Numerous Fifa officials have been indicted in the United States, while Swiss authorities are also investigating the organisation.Blatter has also been banned from all football activity for six years after being found guilty of breaching Fifa’s ethics rules over a $2m (£1.3m) “disloyal payment” to the head of European football’s governing body Uefa, Michel Platini, who had been favourite to succeed the Swiss.Former France captain Platini was also suspended. Both men deny any wrongdoing and are appealing to the Court of Arbitration for Sport.Furthermore, Jerome Valcke, Fifa’s secretary general and formerly Blatter’s right-hand man, was banned for 12 years following allegations – which he denies – of misconduct while in office.How important is the president?Fifa’s leader is the figurehead for world football, often seen in public alongside presidents, prime ministers and royalty.There have been eight of them so far, presiding over the organisation’s executive committee, which is where the real decision-making power lies.Fifa organises World Cups and other international tournaments, distributes broadcasting rights and should both protect and develop the world’s most popular sport.The president also “legally represents” the organisation, “maintains relations between Fifa and the confederations, members, political bodies and international organisations”, and “implements the decisions passed by the congress and the executive committee”.What do they say?Prince Ali: “I’m a candidate beholden to no one. I wouldn’t apply political pressure or coercion. I’m the only candidate from a national association.”Infantino: “I’m not a politician, I’m football person and I’m a worker. If we stop doing politics and start doing football, the world will admire us.”Sheikh Salman: “My past and my track record speaks for itself. We want someone who is responsible and can deliver the promises he says.”Champagne: “I want a Fifa that serves football, that serves you. The Fifa I dream of is one which correct the inequalities.”What do they stand for?Prince Ali wants to quadruple the amount Fifa’s member associations receive – believing it will increase their sustainability – but wants the money properly accounted for.Infantino would expand the World Cup to 40 teams to ensure more smaller nations can participate. He also wants to hugely expand Fifa’s development plan by investing £860m of its revenues and giving £3.6m to each member association.Sheikh Salman’s big idea is to split Fifa in two with a business side handling commercial issues and the football side organising World Cups and developing the game. He believes this would stop executives making self-interested decisions.Champagne’s most recent manifesto emphasised “rebalancing” the inequality in football and “reconciling” the game’s “protagonists”. He wants to introduce technology to help referees and appoint women to key Fifa roles. He also wants Fifa to be run like a public sector organisation.