Queensland’s property flipping hotspots rise as profits roll in

first_imgThe bathroom after the renovation work.Queensland’s worst place to flip properties owned between one to two years was Townsville last year where 48.8 per cent were losses.Across the combined capitals, property flipping has gone from 5.1 per cent in 2012 to 5.7 per cent last year — a rise that was being mirrored across regional Australia as well, the report said.Renovation queen Cherie Barber has worked on over 100 flipped projects and trained hundreds of Queenslanders to “manufacture equity” in property through renovations and upgrades.“You can buy a profitable property at any time, but not every property on the market will be profitable,” she warned potential flippers. Bathroom before celebrity renovator Cherie Barber got stuck into it. TV presenter and renovator Cherie Barber has helped hundreds of Queenslanders add equity through renovations. Picture: Luke Marsden.PROPERTY flipping is on the rise with profit hotspots emerging across three parts of South East Queensland.A massive 90 per cent of properties flipped last year — that is, bought and re-sold within one to two years of purchase — went for a profit across Brisbane, with the figure sitting at 88.3 per cent in regional Queensland.The latest CoreLogic data found three hotspots had emerged in the state — the Gold Coast, Moreton Bay North and Ipswich.“Property flipping was most prevalent in the Gold Coast, comprising 7.9 per cent of re-sales for properties held between one and two years,” according to CoreLogic’s Flipping Report, released yesterday.The GC region also experienced Queensland’s biggest growth in flipping, up 1.3 per cent over the previous year’s data.Queensland’s highest percentage of successful flips came from Moreton Bay North in 2017, where 95.6 per cent of properties re-sold within two years were profitable. A kitchen before it was made over by celebrity renovator Cherie Barber’s company Renovating For Profit.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago The kitchen after the renovation using White Knight products.And for those in the market for a quickie, the area that was able to deliver the highest percentage of properties bought and flipped for a profit in under a year was Ipswich (92.7 per cent).According to the report, short term property trading profits come off “buying undervalued property and reselling at a higher price, buying property at market value and riding the capital growth curve, or by adding value to the property in some way (renovation, subdivision, development approval etc)”.CoreLogic warned that flippers needed to take into account transactional costs such as stamp duty and conveyancing, as well as selling costs like marketing and real estate agent commission, plus interest payments on the debt as well as capital gains tax on the profit.“When housing markets are running hot, it makes sense that flipping would become more popular while when a market is weaker, owners are likely to have to hold onto properties for longer in order to return a profit.”last_img read more

Why the Reds are primed to be a 60-game sleeper

first_imgThe Cincinnati Reds have endured six straight losing seasons. They haven’t won a playoff series in 25 years. They haven’t won a World Series in 30 years. Yet Cincinnati enters the shortened 60-game season as a possible sleeper to break a few of those droughts. Now is the time for 35-year-old first baseman and potential Hall of Famer Joey Votto to lead that run.   TEAMGAMESPCTTwins3.623Indians4.574Cardinals10.562Brewers10.549Cubs10.519White Sox3.447Pirates10.426Royals4.364Tigers6.292The Reds have 13 cross-over games with AL Central teams that had a below .500 record in 2019, in addition to 10 games against the lowly Pirates.  It still comes down to competing with the Cardinals, Brewers and Cubs in an always-crowded division, but this Reds team is best equipped to do it now. This might be the year to break those droughts. “It looks like guys are ready and motivated,” Votto told the Dayton Daily News on July 4. “It seems like a group of guys who flipped the switch and they have it.” MORE: World Series odds for 2020Votto has led the NL in on-base percentage seven times in his career, but last season was just the second time in the past 11 seasons that his OBP number dipped below .400. He’s still a formidable hitter, however, and the Reds have built perhaps their best team in years around him.  Better than the teams that lost the NLDS in 2010 and 2012 and the wild card in 2013. Here are the reasons why:  Offseason movesCincinnati owner Bob Castellini and GM Nick Krall spent money in the offseason, and those additions should add depth to a young-and-talented roster for second-year manager David Bell. Among those moves:  — A four-year deal for Mike Moustakas, who averaged 33 homers the past four seasons with the Royals and Brewers.  — A four-year deal for Nick Castellanos, who hit .289 with 27 homers and 73 RBIs between the Tigers and Cubs.  — A two-year deal for Wade Miley, who should be a back-end starter in a solid rotation.  — A three-year deal for Shogo Akiyama, a 32-year-old outfielder who hit .300 in Japan.  Cincinnati also added bullpen depth with a one-year deal for Pedro Strop from the rival Cubs. That should add to the good pieces in place.  More power Moustakas and Castellanos add to what should be a heavy-hitting lineup led by Eugenio Suarez, who hit 49 homers with 103 RBIs in 2019. Outfielder Aristides Aquino hit 19 homers in 56 games, and Nick Senzel and Jesse Winker combined for 28 homers and have break-through potential.  The Reds will have added flexibility in the lineup with the addition of the designated hitter in 2020. Cincinnati was below league average in team slugging and on-base percentage last season, but that should change in 2020.  Short-season rotationLook at the first-half splits last season for Luis Castillo (8-3, 2.29), Sonny Gray (8-3, 3.05) and Trevor Bauer (8-6, 3.61). Granted, Bauer was in Cleveland and struggled after being traded, but those three arms form a playoff-caliber trio that could carry a 60-game run.  Miley will add to that, and Anthony DeSclafani and Tyler Mahle can contribute on the back end of the rotation.  A better bullpenStrop was a minor addition, but the bullpen of Michael Lorenzen, Craig Stephenson and Amir Garrett is intact around closer Raisel Iglesias. He had a 4.16 ERA last season, but he still managed to convert 34 of 40 saves. Iglesias converted 87.5 percent of the save opportunities for his career heading into the season.   These guys aren’t the “Nasty Boys” by any stretch, but the bullpen is good enough for a short season.  The schedule breaks nicely. Here’s a look at Cincinati’s schedule by opponent this season.  last_img read more

Real Madrid hang on for win after Benzema brilliance

first_imgMadrid, Spain | AFP | Karim Benzema scored twice on Saturday in an outstanding performance for Real Madrid against Levante, although his side were left hanging on for a 3-2 win on the day Eden Hazard made his La Liga debut.The French striker’s goals came just six minutes apart in the first half on a wet afternoon at the Santiago Bernabeu, before Casemiro put Real 3-0 up.However Levante, who had won their previous two outings, made a fight of it in the second half as they pulled goals back through Borja Mayoral and Gonzalo Melero.While the manner of their victory was not as convincing as coach Zinedine Zidane might have wished, it was a welcome return to winning ways for Real after they had drawn their previous two games.Hazard also came off the bench for the final half-hour to make his first appearance in La Liga after a thigh injury had interrupted the start of his Real career following his 100 million-euro ($110 million) move from Chelsea.The Belgian could now start for Real when they go to Paris Saint-Germain for their opening Champions League game on Wednesday.Gareth Bale will also be available for that match after suspension kept him out here, but Sergio Ramos will be unable to play against PSG because of a European ban.Zidane was also without the injured Luka Modric here. However, as well as Hazard, fellow summer signing Eder Militao came off the bench in the second half and the former Porto defender could start in Paris in place of Ramos.– Barcelona host Valencia – Real would have won by a greater margin here had it not been for some inspired goalkeeping from Aitor Fernandez, who produced a stunning one-handed stop to keep out a Benzema shot from the edge of the area midway through the first half.However, the hosts went ahead shortly after that when Dani Carvajal held up a cross from the right for Benzema to bullet home a header from the edge of the six-yard area.The Frenchman struck again in the 31st minute, with James Rodriguez pouncing when Sergio Postigo headed the ball down into his path, and teeing up Benzema to score his fourth of the campaign.Benzema was also involved in the build-up to the third goal five minutes before the interval, which concluded with Vinicius Junior squaring for Casemiro to apply the finish.Levante pulled one back in the 49th minute as Carlos Clerc crossed from the left to the near post where Mayoral — on loan from Real — converted.Benzema then curled a shot against the post, while Vinicius had a goal disallowed for offside and Hazard tested Fernandez, but it was Levante who scored again.This time substitute Melero proved too strong for Carvajal at the far post as he headed in a marvellous cross by Jose Campana, yet Madrid held out.Leaders Atletico Madrid will seek their fourth win in as many La Liga games when they play later at Real Sociedad in the first game at the Basque club’s newly refurbished stadium.Barcelona are also in action at home to Valencia, who this week sacked coach Marcelino Garcia Toral, replacing him with the former Real Madrid assistant coach Albert Celades.Share on: WhatsApplast_img read more

Overtime

first_imgBILL NEAL :10 Ya”ll keep going for the soft talk from “STAT”…aka Amar’e Stoudemire and “Mello”…aka Carmelo Anthony and you’ll soon find out where the rear steal in the Knick’s-Nuggets trade was and why they call him “Mr. Big Shot”….aka Chauncey Billups. :09 Alright. Last time I bring this up, I promise…maybe! But do you mean to tell me that Oklahoma City can have an NBA team and Pittsburgh can’t? They got nine [9] Black people in Ok. City and they bus in four [4] just for the game. And yes they sell out!!! I am just sayin. :08 Good luck and God Bless Justin Mullen—one of the best young guys I’ve ever had the pleasure of working with. A great city league baller at Peabody High School. An outstanding player in the Connie Hawkins League and a member of our camps and clinics since he was 12 years old. He’s off to Kuwait, yes that Kuwait to find fame and fortune. Be safe my brother!:07 Lord knows I am no Phil Jackson and I ain’t mad at Derrick Fisher, but don’t try to tell me that Shannon Brown and “Kobe” wouldn’t be a killer back court. [Shut-up….. I know Brown’s not a natural point guard but he does so many other things well and he jumps out the freakin’ gym]:06 Coach Rick Pitino of Louisville, normally  a style-setter, missed the mark in the Pitt game. He looked like a candy cane in a barbershop window in that “too soon” white suit and red and white striped tie.:05 Hey, I got a few calls on the lists. First of all, Clyde Vaughn was not a 2-guard. He was a small forward. Secondly, yes Ronnie McGrae is worthy of top ten guard consideration. And I didn’t forget to put Tyrone “Moon” Howard on the top ten dunk list. But “Moon” was a long jumper not a high flyer.:04 DID YA GET YOUR SPORTS ILLUSTRATED SWIMSUIT EDITION??? ENUFF SAID!:03 If you didn’t know, the Golden Gloves started last week. Jimmy Cvetic is running a great show as usual with some great young talent. For more information, tune into your boys Luther Dupree and “Smokin Jim” Fazier on Steel City Sports PCTV Channel 21 or give Cvetic a call at 412-298-7373.:02 “Wannamaker” after I gave you props last week…Game on the line, in overtime, ball in your hands, 8 seconds on the clock, you need three to tie the game…you’re at the three…shoot the damn ball… C’mon Man!!!:01 If you’re reading this and it’s Thursday March 3rd somewhere between 5:30 and 8:30 p.m., put this paper down and get over to The Cambria suites next to Consol Arena. It’s the Champions tip-off reception party and we’re having a great time without ya!GAME OVER!!!last_img read more

OVERTIME

first_imgBILL NEAL :10 Curtis Martin will go into the NFL Hall of Fame as quiet and soft spoken as any man can and for those of us that had the pleasure of knowing him you know two things about Curtis is true. No. 1 He is a soft spoken man and No. 2 he was a tough, quick, no excuse, get it done, never say die, consistent, durable running back. Who among us, who can think back to his days at Allderdice or for that matter at Pitt, thought that he would become one of the top five running backs in Pro Football history? Congratulations Curtis, you deserve all you’ve achieved; and Congrats to you too “Mama Rochella” you played a major role in your son’s success.:09 I am rolling this in at #9 because… If it ain’t the Steelers it don’t matter…but I told ya the Giants would beat New England. Oh shut up and just check your Courier last week and you’ll see it. New York won the game not because of Eli Manning but because they have a tough hardnosed defense and you all know defense wins championships.:08 Speaking of the Super Bowl, I don’t know where you watched the game but you should have been at J.T’s Restaurant at “The Club” in Monroeville. We kicked it off with a special two hour taping of “Champions Live” sports talk show followed up by a great crowd enjoying the game with the best soul food money can buy.:07 Speaking of the club…are you starting to see the flow here? Artistree blew up the Champions First Friday old School Par-tay with their classic old school style, great stage presence and second to none vocals. Then you throw in the unbelievable voice of veteran performer “Chico,” a super talent who got the crowd heated up…not warmed up, the craziness of Pittsburgh comedian “Frog” and of course the fabulous Diamond Models. Now you mix that all together with 250 of our best First Friday supporters and MAN you got a PAR-TAY!!!:06 There’s one way and one way only to stop Lebron James but it’s not legal and you will get jail time. Another 30-point game…Lebron C’MON MAN!:05 It’s a shame that I have to keep reminding you all of this but I do what I have to do. Get out and support your local high school basketball team. The playoffs are coming and “OUR KIDS” need your support so stop with your excuses and get off your “BUTT” and go to the games. And not just one…keep going until they are done!!!:04 Eli Manning now joins a super group of elite quarterbacks that have won two or more Super Bowl MVP’S including Terry Bradshaw, Bart Star, Joe Montana and Tom Brady. What’s wrong with this picture? And for the record I could challenge if Eli was the MVP of the Super Bowl. It could have been running back Ahmad Bradshaw or punter Steve Weatherford.:03 If Coach Herman Edwards knows so much about football how come he didn’t show it when he was coaching. I don’t usually do this but here’s your second… C’MON MAN!!!:02 Pitt Basketball is back, that’s it, I told you they would be.:01 AT THE BUZZER:•Don’t’ miss “Champions Live” sports talk show on PCTV channel 21.•Five Starr Corporation/Champion Enterprises “Tip-Off” Reception at the Cambria Suites Hotel Feb. 17, 6-10 p.m. Meet and greet Pittsburgh’s African-American authors, Artistree and The Fabulous Diamond Models. Cash bar, cash kitchen, free parking, photos with your favorite star. $20 donation celebrating Black History Month.•“Volley With The Stars” volleyball tournament coming soon. Get your team ready for more fun than you can stand. More info coming next week.~Game Over~last_img read more

Photographer Captures Iconic Image

first_imgIt was much more than another assignment for photographer Gary Gellman.Gellman was in Washington, D.C. and Philadelphia, on hand to photograph Pope Francis, capturing what posterity may eventually consider among the iconic images of the visit as well as allow him to get in touch with his spiritual side.“As a Catholic,” Gellman said, “being able to photograph the successor to St. Peter was really neat and a great honor.” Gellman, a Howell-based still photographer and videographer, was provided access to the tarmac for the plane’s arrival in Philadelphia, and captured the image of Francis blessing the 10-year-old disabled boy in his wheelchair. That photograph has already been widely distributed and seen.“It was very emotional,” Gellman offered.“And to me as a Catholic to be that close to the leader of the our church and to know I was selected and blessed to be selected to be there, the signature event,” he explained, “it was a wonderful experience.”Gellman has in the past photographed the U.S. Conference of Catholic Bishops, has taken portrait photos of Diocese of Trenton Bishop David M. O’Connell and knows Archbishop Charles Chaput, with Archdiocese of Philadelphia, who helped Gellman along the lengthy process of obtaining security clearance for the assignment. That process took the better part of 10 months, beginning last November, to secure security clearance to be a photographer for the World Meeting of Families event, according to Gellman.
“I like to say it was a 10 month process and a 27-year training period,” he said, referring to his time as a professional in his field.On the airport tarmac as the jet arrived and the pope and passengers disembarked, “It was something quite unique to be blessed to be so close,” with only about 200 people there and only a couple of photographers – “probably the smallest group surrounding the pope during his visit.”At the time “I was in work mode,” concentrating on the assignment. “Until that one point,” with Pope Francis “coming down those steps, I realized where I was, what I was doing,” and it having a profound effect on him, he acknowledged.Over the years, Gellman has photographed many, including such celebs as Anne Hathaway, Heidi Klum, Springsteen and Jon Bon Jovi and many others, especially in his role as photographer for the New Jersey Hall of Fame. “I’ve met a lot of cool people, many are special in their own right.“But this,” assignment, he stressed, “was one of a kind, really special.” By John Burtonlast_img read more

New-look Leafs thump Rebels in pre-season opener

first_imgIt may be only August, and the Leafs first exhibition game, but after last season anything and everything is a bonus.The Nelson Leafs fired 45 shots at the Rebel net en route to a 10-2 Kootenay International Junior Hockey League Exhibition victory Tuesday at the NDCC Arena.The contest was the first of the pre-season for the Leafs, which host Beaver Valley Nitehawks Wednesday at in Nelson.Game time is 7 p.m.Nelson scored four times in the second period, snapping a 2-2 first period tie.Andy Fitzpatrick and Jack Karran each scored three times while Charlie Wilkie added a pair. Sawyer Hunt and Cleary Ambrose scored singles as Nelson outshot the Rebels 45-12.The Leafs conclude the exhibition season Friday in Fruitvale and Sunday in Castlegar.Nelson opens the regular season Friday, September 9 against Beaver Valley Nitehawks.First home game is Friday, September 16 against Spokane Braves.No to Travel FundArmstrong, home to the North Okanagan Knights, has decided not to partake in a travel fund for teams representing the KIJHL in Junior B  tournaments outside the province.Armstrong council recently defeated a motion by District of 100 Mile House.The 100 Mile House Wranglers won the KIJHL title before representing the league at the Cyclone Taylor and Keystone Cup Championships — the latter tournament held outside BC.The motion asked each of the 20 KIJHL communities to donate $500 to the KIJHL travel fund.last_img read more