TOKYO (AP) — Asian shares have fallen as a reality check sets in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October. Benchmarks in Japan, South Korea, Australia and China declined Thursday. The region is looking ahead to earnings season for a read on how companies are faring amid COVID-19 infections, which have been relatively low in some nations such as New Zealand, compared to other global regions. Selling Wednesday was broad, including Facebook, Netflix and Google’s parent company, Alphabet. The Federal Reserve’s sobering assessment of the gradual recovery ahead also has dimmed buying sentiment.
Experts predict this region to be the nation’s next property hotspot. Photo Lachie MillardSTAND aside Brisbane and Gold Coast, there’s a new boom market in town.Experts predict Sunshine Coast real estate prices will skyrocket on the back of rising infrastructure spending, industry growth, jobs and lifestyle.Analysis of region’s market over the past 12-months revealed 14 suburbs where housing achieved capital gains of 10 per cent or better, with Buddina, Forest Glen, Meridan Plains and Noosa Heads all breaking the 13 per cent barrier.Property research company Hotspotting released their quarterly National Top 10 Best Buys report and named the Sunshine Coast as a real estate winner.Hotspotting also chose the region as its National Growth Star in their most recent PricePredictor Index report which studies sale volumes across Australia.“While the Gold Coast has faded recently, the Sunshine Coast continues to rise,” the report said.Hotspotting founder, Terry Ryder, said there are opportunities from Caloundra to Noosa.“There are more growth suburbs on the Sunshine Coast than any other local government area in Australia,” Mr Ryder said.Mr Ryder said the region has evolved beyond its tourism tag.“It is transitioning to becoming a well-rounded regional economy and it is happening largely through infrastructure spending, some of which is creating new industries,” he said.Mr Ryder said the Sunshine Coast University and the $2 billion University Hospital were examples of regional game-changers.“We have this whole new industry now bringing lots of new people to the Sunshine Coast and many of them earning pretty good money so that is a big change to the economy,” he said.Mr Ryder said the Kawana precinct between Maroochydore and Caloundra would see demand from both owner occupiers and tenants ramp up while the airport expansions and the Maroochydore CBD renewal had driven prices.“If you add up all the projects, all the infrastructure projects and other developments, there is over $20 billion,” he said.Hotspotting created a list of national top 50 suburbs set to deliver strong price growth in the near future and housing at Coolum Beach, Golden Beach and Noosaville made the cut.Amber Werchon sales consultant, Stacey Downey, said suburbs around Kawana were running hot.“It’s the strongest I have ever seen it in this particular area,” she said.“It’s going to continue to rise, and rise quite substantially. People just want a change of lifestyle and, in the grand scheme of things, it’s very affordable in comparison to a lot of other areas,” she said.Ms Downey said purchasers included first homebuyers, families and professionals, with locations around Caloundra no longer considered a ‘retiree zone’.“A lot of older people who have held properties for a long time are now selling and moving on, which is allowing a whole new generation to come in,” she said.Ms Downey said some of the strongest demand was for houses between $800,000 and $1 million, and units around $500,000 to $700,000.Carlos and Belinda Zambrana will move their family from the Redcliffe peninsula to Warana in the next three years, but bought now to beat the price boom.Carlos and Belinda Zambrana, their sons Diego (11) and Marco (12) and dog Kiko. The family have bought on the Sunshine Coast and are stoked to have got into this growth market. Pic Mark Cranitch.The coupled paid $685,000 for their four-bedroom house, which is now tenanted.Mr Zambrana said the area’s lifestyle was the main attraction.“The end of the street is the start of the beach — so it’s a two minute walk,” he said.“We love the Sunshine Coast — there’s so much there,” he said.Mr Zambrana said recent value rises prompted him to buy sooner.“I was looking (at homes) over the last two years and from when we started looking to when we actually bought, I reckon its cost over $100,000 in the time,” he said.More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day ago“My only regret is not buying earlier … and I think the area has got a lot of growth in over the next five years,” he said.Top Sunshine Coast house price growth suburbsSuburb — Median Sale Price — Rise in Median Price (%)BUDDINA — $750,000 — 18.9%FOREST GLEN — $642,500 — 16.8%MERIDAN PLAINS — $525,000 — 14.2%NOOSA HEADS — $895,000 — 13.7%WARANA — $650,000 — 12.9%MOFFAT BEACH — $747,500 — 12.8%MOOLOOLAH VALLEY — $510,000 — 12.7%MARCOOLA — $585,000 — 12.5%COOLUM BEACH — $625,000 — 12.2%GOLDEN BEACH — $570,000 — 12.2%COORAN — $397,000 — 11.8%BATTERY HILL — $520,000 — 11.5%DOONAN — $785,000 — 10.6%SUNSHINE BEACH — $1,160,000 — 10.0%*Only suburbs with 30 or more sales in the periodAll data is to 12 months to July 2017Source: CoreLogicFollow Kieran Clair on Twitter at @kieranclair
Loading… Manchester United legend, Peter Schmeichel, has said manager Ole Gunnar Solskjaer has brought back the club’s “values”. Ole Gunnar Solskjaer It’s not just on the field where Schmeichel feels Solskjaer’s influence has had a big impact. He told CNN: “He’s brought all these values in. The players now know them,” the Danish former goalkeeper added.Advertisement read also:Scholes insists Man Utd could’ve won multiple European titles in another era “If you don’t share our values, there’s no place for you here. So you have to live up to his values. “He’s bringing in his own culture and you can see it and it’s there and it’s brilliant.” FacebookTwitterWhatsAppEmail分享 Promoted Content5 Of The World’s Most Unique Theme ParksBirds Enjoy Living In A Gallery Space Created For Them10 Risky Jobs Some Women Do6 Most Unforgettable Bridges In The World7 Truly Incredible Facts About Black Holes7 Universities Where Getting An Education Costs A Hefty Penny9 Facts You Should Know Before Getting A TattooEvery Movie Starring Sylvester Stallone From Best To WorstWe’re Getting More Game Of Thrones: Enter House Of The Dragon!A Museum To Rihanna’s Glory Could Soon Be Opened5 Of The World’s Most Unique Theme ParksA Hurricane Can Be As Powerful As 10 Atomic Bombs