Brisbane, Gold Coast among world’s best luxury cities: Study

first_img More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:03Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:03 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 Rate1xFullscreenVeronica Morgan on how to be the highest bidder 02:04 MORE: Brisbane land values jump by up to 20 per cent The best performing luxury market in the world last year was Frankfurt (10.3 per cent) followed by Lisbon (9.6 per cent). South Korea’s Seoul was strong too (8.9 per cent).“Gone are the days of 30% annual growth in China’s metropolises; Seoul and Taipei are now the region’s frontrunners with annual growth of almost 9 per cent and 8 per cent respectively,” a Knight Frank statement said.Among Brisbane homes on the market is a massive seven bedder at 88 Kadumba Street, Yeronga, which sits on a 0.42ha block. The home is priced at offers over $4.5m, according to a listing by agent Ann-Karyn Fraser of Place New Farm.Up the range, priced at serious offers over $10m, Ray White New Farm agent Matt Lancashire has 33B Harbour Road, Hamilton. The eight bedroom, nine bathroom four car space home sits on some of the most stunning real estate in Brisbane, waterfront at Hamilton on a 1,609sq m site. 101 Commodore Drive, Paradise Waters, comes with its own overwater helipad. 17 Hedges Ave, Mermaid Beach, is an enormous beachfront home priced at $12.5m.On the Gold Coast, luxury properties currently on the market include 101 Commodore Drive, Paradise Waters, a five bed stunner that comes with its own overwater helipad. The home is priced at $12.75m, according to a listing by Ray White Prestige Gold Coast Agent Robert Graham.And on the market in the past week was 17 Hedges Ave, Mermaid Beach, a six bedroom, eight bathroom beachfront home priced at $12.5m according to agents Antonio Contreras and Joe Farr of Platinum Properties Oxenford. FOLLOW SOPHIE FOSTER ON TWITTER Buyers making cash offers to stop houses going to auction ‘Buying frenzy’ expected amid cheapest mortgages in history Knight Frank prestige residential sales director, Jason March, said Brisbane was now into its 26th quarter of uninterrupted annual capital growth.“Over this time, Brisbane prime residential values have grown by 37.7 per cent, while mainstream property values only saw total growth of 13.4 per cent, with the latter impacted more severely with the tightened lending measures implemented by APRA over this time.”center_img Brisbane River is a stunning backdrop for many of the city’s most luxurious homes including this one at 33B Harbour Road, Hamilton. 33B Harbour Road, Hamilton, is priced at offers over $10m.“The Brisbane prime residential market has been boosted by interstate buyers, particularly from Sydney and Melbourne, looking to secure a prestige home with money still left in the bank to decorate and travel, paying significantly less than they currently would in the southern east coast cities. “He said greater affordability helped local buyers too “with many downsizing from the large family home further from the city into a well-appointed luxury apartment closer – or in – the CBD”.Monaco was still the world’s most expensive city, with $1m buying just 16.4sq m of accommodation – the equivalent of a bedroom. This is followed by Hong Kong and London.The index tracked luxury residential prices in 100 cities and second home markets across the globe between December 2018 and December 2019. Brisbane made the list of the top 60 places in the world where luxury markets were performing well.Four Australian cities including Brisbane and the Gold Coast have been named among the top 60 luxury residential markets in the world.Brisbane emerged in 57th spot, the Gold Coast was two spots higher (55th), while Melbourne came in at 44 and Sydney was Australia’s best performer slipping into 27th place.This was off the Prime International Residential Index (PIRI 100) in the Knight Frank Wealth Report 2020, released midweek. Wallabies legend’s Graceville pad kicks home goals 88 Kadumba Street, Yeronga, is priced at offers over $4.5m. The land size of 88 Kadumba Street, Yeronga, is a whopping 0.42ha.Tight supply of luxury homes drove growth above the global average of 1.8 per cent in Sydney, according to Knight Frank residential research head Michelle Ciesielski.The Gold Coast grew 1.8 per cent, while Brisbane was up 1.4 per cent, Sydney 3.7 per cent, and Melbourne 2.2 per cent over the year.“Despite record low interest rates and wealth growth continuing in most advanced economies, there were some factors preventing global price growth from reaching previous highs, including the slowing global economy, rising property taxes and in some cases, a surplus of luxury homes on the market,” Ms Ciesielski said.She said 78 of the 100 locations in PIRI registered flat or positive growth in 2019.last_img read more

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Grades: Nothing spectacular, but UW finds ways to win

first_imgSenior forward Jon Leuer slashed the Wilcats for 26 points on Sunday. The performance was a welcomed sight after he struggled to score in the second half against Michigan last Wednesday.[/media-credit]Every week, Herald Sports will look back on the last two games of the 10th-ranked Wisconsin men’s basketball team and offer a report card.On the road against Michigan last Wednesday, freshman guard Josh Gasser banked in a three-point buzzer beater to hand the stunned Wolverines a 53-52 loss.Wisconsin (22-6, 12-4) followed that up by winning its final game of the season at the Kohl Center against Northwestern, 78-63. Finishing 16-0 at home, the Badgers completed their third undefeated season at home since the 1929-30 season. All three have come under head coach Bo Ryan’s 10-year stay at UW.The Badgers wrap up the regular season with road games at Indiana on Thursday and No. 1 Ohio State on Sunday.Offense – 3.5 out of 5An ugly showing in Michigan hasn’t quieted concerns of the Badgers’ performance away from the comforts of home. Wisconsin hit just .362 percent of their shots from the field at the Crisler Arena.For much of the game, UW struggled to work the ball inside. Half of the Wisconsin’s shots (29) came from the arc, and the Badgers managed to hit just eight. Even senior Jon Leuer struggled, scoring just two of his 12 points in the second half and going 0-6 from the arc.Nevertheless, Gasser hit the basket that counts, and Wisconsin rebounded with a nice shooting performance against Northwestern, converting on a .574 pace. The Badgers found a way to score from anywhere on the court, but a near 10-minute hiccup allowed the Wildcats to narrow a 16-point deficit to three in the second half.But great post play by Leuer and senior Keaton Nankivil never fazed Wisconsin’s offense and clutch three-pointers by Nankivil and junior Jordan Taylor in the game’s final three minutes helped seal the game for Wisconsin.Defense – 3.5 out of 5The Badger defense didn’t necessarily play poorly at all over its last two games. Rather, its opponents were just uncompromising. Wisconsin didn’t allow many open shots, but Michigan still found a way to shoot .488 from the field while Northwestern hit .468.The Wolverine offense, however, did control the paint in the first half against Wisconsin, scoring 16 of 31 points from that area alone. Michigan was equally tough to defend from the arc, as it converted on .538 percent of its shots.Northwestern’s three-point shooting clip of .542 kept them within striking distance during the entire game, but Wisconsin didn’t allow them to score efficiently from the perimeter in the second half, allowing four buckets on 12 attempts.Holding the Wildcats scoreless in the game’s final two and a half minutes earns the defense extra points, but the Badgers, who are themselves a team that is reliant on the three, must find a way to bottle up opponents on the perimeter.Bench – 2 out of 5Wisconsin’s reserves hardly made themselves known against Michigan. In 30 minutes of playing time between five players, none of them contributed points in a game where the starting lineup had enough issues scoring.The only stats to speak of from the bench at Ann Arbor: sophomore Mike Bruesewitz grabbed two rebounds and dished out an assist, while junior Ryan Evans recorded two more boards and a steal. The reserves collectively shot 0-6 on the night, starving the Badgers of new energy.Against Northwestern, Bruesewitz by far played the most (19 minutes) and shot 1-3, gathered three rebounds but made great passes, recording two assists. Evans was the only other play to record at least five minutes on the floor, producing one steal and one turnover.Senior Wquinton Smith, playing only three minutes, took full advantage of a wide-open three-pointer in the first half.Player of the Week – Jordan TaylorThere was no standout performance against Michigan and Leuer was terrific against Northwestern, but once again Wisconsin could not have done it without Taylor, who scored 36 points and handed out 13 assists between the two games.Nankivil shot the steadiest of all players over the last two games, hitting 11 of 20 attempts from the field and five of 11 from the arc, but Taylor’s play down the stretch in both games was essential to victory.Although Gasser hit the game-winner against Michigan, credit Taylor for not giving up the ball and finding the open freshman on the perimeter while being aggressively double-teamed after receiving the inbounds pass.And in the last five and a half minutes versus Northwestern, Taylor had an assist and scored eight points – three of which came on a tough shot at the top of the key with a defender’s hand in his face that helped tuck the game away for good.last_img read more

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