This suburb is attracting buyers because of its strong sporting credentials

first_img16 Flower St, Woolloongabba. Picture: realestate.com.auThe living and dining areas flow out to a large rear deck, which overlooks the garden. A renovated bathroom has a large combined bath and shower.Both of the bedrooms have built-in wardrobes and the front room would operate well as an office.For investors, the property has a good rental history of long-term tenants.It is two blocks from the South City development which, upon completion, will include a full-sized supermarket, cafes and restaurants. 27 Henry St, Woolloongabba. Picture: realestate.com.auThe three-bedroom home is listed through Will Torres, of Place – Coorparoo.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoThe house is on 405sq m and has the potential for renovation or redevelopment subject to council approval. It is a short walk from Logan and Ipswich roads. The post-war home has original VJ walls, timber flooring and exterior fretwork. Two of the bedrooms are airconditioned and there is a central bathroom.The kitchen is open plan and next to a dining and living area, from which the front deck can be accessed.Meanwhile, another home close to all of the sporting action is the renovated two-bedroom home at 16 Flower St, Woolloongabba.It is listed, seeking best offers of more than $615,000, through Kellie O’Connor, of O’Connor Realty. Love  your sport? Reckon living within walking distance of one of Brisbane’s major sporting stadiums sounds like a dream come true?If you answer yes to any of these questions, then Woolloongabba is for you. The suburb, about 3km from the Brisbane CBD, is home to the famous Gabba stadium.If you want to live not far from all the AFL or cricket action, the property at 20 Vanda St is listed for buyers of more than $1.18 million.The five-bedroom, triple-gable Queenslander is fully self-contained on both levels, with kitchens, living areas and entertainment spaces.Upstairs is a more traditional Queenslander style, with two bedrooms and a third bedroom in the sleepout. Downstairs is more modern, with three bedrooms, an open-plan living area and a kitchen overlooking the fenced yard. The property has a swimming pool and a wooden garage that has been converted for storage. There is also a Queenslander-style cubby house.Also not a long walk from the stadium is 27 Henry St, Woolloongabba, which is scheduled for auction on May 20.last_img read more

Aussie buyers lured overseas by cheaper property prospects

first_imgThe Hollywood sign overlooking Los Angeles. Picture: iStock.The report found Las Vegas, Seattle and Portland, Oregon, are also gaining attention from Australians.“Buyers in these markets can purchase at a much lower price point without forgoing strong home value appreciation,” the report said.“For example, in the Las Vegas metro, the median home costs $309,320 ($US236,800) and is expected to rise another 5.8 per cent in value over the next year.“Compare this with the Los Angeles metro, where the median home price is $804,389 AUD ($615,800 USD) and is expected to gain just 1.1 per cent in value next year.”Traffic is highest from Sydney, Melbourne, Brisbane, Perth and Adelaide and most searches are for active real estate and rental listings, according to the report. $120,000 HOME SELLS FOR $3M-PLUS More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoHollywood Boulevard, Los Angeles, California, USA.Zillow chief economist Aaron Terrazas said more affordable house prices and forecasts for price growth and new tax cuts were part of the mindset to invest.“We know the markets have picked up and it’s going to spill over into wage growth and this will spill over into first home buyers, and we think they will be out buying homes for the next two to three years and that will drive prices,” he said.The latest Expat Explorer Global Report from HSBC also revealed an increase in Australian expats buying properties overseas.The report found that in a survey of 1034 Australians living abroad, 60 per cent owned property somewhere in the world — while just 34 per cent owned property in Australia. Malibu, California, is one of the most searched US cities by Australians looking to buy property.TOP 10 US CITIES MOST SEARCHED BY AUSTRALIANS:1. Beverly Hills, California2. Calabasas, California3. Malibu, California4. West Hollywood, California5. Fullerton, California6. Aspen, Colorado7. Santa Monica, California8. Monterey, California9. Newport Coast, California10. Great Neck, New York(Source: Zillow) A row of houses in California, USA, where more Australians are looking to buy property. Picture: istock.MORE Aussies are looking to the US to buy property, with one real estate website now attracting more than a million browsers from Down Under every year.Unlike Australia, home prices in most US markets are considered affordable, and many metropolitan areas now have improved economic prospects, making them more appealing to investors and expats, a new report has found.The median home price in the US is much lower than in Australia at around $265,696. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE center_img Los Angeles, California, is becoming popular with Australian property investors.Real estate website Zillow’s Aussie Expat Report reveals Australians are mainly interested in stand-alone homes and eight of the top 10 most popular US cities for Australian home searches were in the state of California, within the Los Angeles metro area.But homes in the hot Californian market can come with a significant price tag, with the report noting the median price point for Australian home searches was about $704,000. NEW YORK CHEAPER THAN BRISBANE last_img read more

Memphis discovers the cost for fighting NCAA over James Wiseman’s eligibility may be exorbitant

first_imgHe will not be permitted to play, absent a successful appeal, until Jan. 12 against South Florida. He will miss games against Ole Miss, NC State, Tennessee Georgia and Wichita State. Had there been no suit and no injunction and no cheerleading from the Memphis suits, he at least would have been in a Tigers uniform before Christmas and would have missed no American Athletic Conference games.And there might not have been any NCAA enforcement action threatened as a result of the circumstances that put Wiseman’s eligibility in jeopardy.You want to pick a fight with the NCAA? OK. That sounds cool. You better come armed with a case that can stick. North Carolina fought the NCAA to establish that its bylaws did not cover the academic impropriety that existed for years in the university’s African and African-American Studies department. When that case was over the Tar Heels faced not a single sanction, not even loss of their LA privileges.Missouri cooperated with an NCAA investigation into whether one of its academic tutors who worked with football players had provided improper assistance to a dozen student-athletes and wound up banned from participating in a bowl. The message many who follow college sports received by juxtaposing these two cases was simple: If you’re facing an issue with the NCAA, it’s better to battle. That perception was, in fact, overly simplistic, a lesson the Memphis Tigers learned in most painful fashion Wednesday afternoon.They were informed their audacity in playing freshman star James Wiseman in multiple games after the NCAA had warned he “likely” was ineligible for competition had a severe immediate price, and possibly a more damaging cost going forward.He will serve a suspension of a dozen games – nine games as prescribed by the dollar amount of the extra benefit he was deemed by the NCAA to have received from current Tigers head coach Penny Hardaway, plus three extra games as punishment for his appearance in the first three games of the season. Wiseman also will have to make an $11,500 payment to charity to regain his eligibility, a requirement he can fulfill on an installment plan.MORE: Donation cost could be tough on WisemanIt was a stunning result, one Memphis immediately pledged to appeal. “Based on case precedent, the circumstances of this case and other mitigating factors, the University will immediately appeal this decision,” read a statement issued by the Memphis athletic department. “We expect a more fair and equitable resolution, and we will exhaust all avenues on James’ behalf.”It also may not be the end of this matter. According to Sports Illustrated’s Pat Forde, the NCAA apparently is threatening a major infractions case against Memphis athletics – based largely on the facts that clearly have been established: that Hardaway paid $11,500 to Wiseman’s family for moving expenses when he still was coaching East High but also was considered a Tigers booster because of a $1 million donation he had made to the athletic department nearly a decade earlier.One might think that alleged offense is being purged by the “repayment” assigned to Wiseman and the 12-game suspension, but that would be incorrect.It’s something that happens a lot when attempting to follow the logic of NCAA jurisprudence, and that may have been what led to the arrogance apparent in Memphis’ initial declarations of support for the suit Wiseman brought against the NCAA to gain an injunction and its decision to play him in games against Illinois-Chicago and Oregon.On the day of the UIC game, the university president, David Rudd, and its athletic director, Laird Veatch, expressed support for Wiseman. Veatch, who started his job in October, even said in his statement, “It is clear to me in my short time here that Memphians will stand up and fight, both for each other and for what is right, and I am proud to stand with them.”That probably sounded better to the fans at FedEx forum than in the offices of NCAA headquarters.When Wiseman chose to drop his case against the NCAA a week ago, it seemed some sort of rapprochement had been realized between the two sides. He had hired an esteemed legal team with a track record of improbable victories, so the abandonment of the suit appeared to indicate the NCAA was willing to make some sort of deal regarding the establishment of Wiseman’s eligibility.This is no deal. This is like a player having a shot slapped back into his face.last_img read more