Scramble to revalue after tax break is axed

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Why Chinese buyers are looking for property in these Gold Coast suburbs

first_img*Convenient location*Low maintenance*Small yard*New house*Close to schools TOP QUEENSLAND SUBURBS FOR CHINESE BUYERS 1. St Lucia2. Indooroopilly3. South Brisbane4. Sunnybank5. Cairns6. Benowa7. Carindale8. Toowong9. Southport10. Calamvale(Source:, based on online property searches in 2018) MORE NEWS: Live on the Edge “Some of those investors may turn to Brisbane, the Gold Coast, and other parts of Queensland as a natural alternative,” Ms Law said. “Chinese students who turn away from US schools and universities may choose Queensland instead. “Since a lot of the Chinese real estate buying in Queensland is related to housing students, that would have big spill-over effects on local real estate investment.”According to latest data, Benowa and Southport were among the top 10 Queensland suburbs Chinese buyers were searching for property.Ray White Broadbeach agent Sam Guo said there were a number of reasons these two suburbs were more popular than others. Benowa is also a popular suburb among Chinese buyers.“I think the prices are more affordable and the facilities like schools (are appealing),” he said.The Southport School, St Hilda’s School and Benowa State High School were ones Mr Guo said were highly regarded by Chinese buyers.“Also, it’s easy at Southport for them to have the public transport for their kids to go to Griffith University,” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Those are the main reasons.”Amir Mian Prestige Property agent Nick Zhang said proximity to schools was one of their number one priorities.“Chinese buyers think about sending their children to good schools,” he said.“Southport has got China Town and the transport is very convenient as well.”He said Hope Island was also a popular Coast suburb among Chinese buyers as it was Foreign Investment Review Board approved. Southport is one of the most popular Gold Coast suburbs among Chinese chief executive Carrie Law said there were a number of reasons Chinese would buy in Brisbane and surrounding areas like the Gold Coast this year.This included strong growth in Chinese wealth, the appeal of solid markets, a lack of other investment opportunities and a possible shift in investment from the US due to the trade war. Ms Law said the trade war was making some Chinese investors increasingly nervous about buying real estate in the US.MORE NEWS: Strong sales start the year right WHAT CHINESE BUYERS WANT The Gold Coast is expected to benefit from an influx of Chinese buyers heading to the sunshine state for property.THE Gold Coast is tipped to benefit from an influx of cashed-up Chinese buyers turning to Queensland for property.Foreign families are buying houses to accommodate the unprecedented number of children studying in Queensland on international student visas.Ahead of the Chinese New Year officially starting next week, buyers have been in the market for big homes close to good schools.And the number of Chinese buyers looking to the sunshine state is set to grow as investors become increasingly nervous about buying real estate in America.New figures from Chinese property portal reveal more than 33,000 mainland Chinese and Hong Kong students were studying in Queensland in 2018 — up from about 21,000 in 2015.last_img read more

Panelo: VFA termination order a ‘studied decision’

first_imgPresidential spokesperson Salvador Panelo says there is no need yet to place Visayas and Mindanao under enhanced community quarantine (ECQ) caused by the coronavirus disease 2019 (COVID-19) unlike Luzon. Still, people there are always required to observe physical and social distancing to curb the spread of COVID-19. Meanwhile, Duterte on Wednesday said the VFA termination was “nota joke” and was “not made in haste.” The Philippine government has to tell the US in writing that it wantsto end the treaty. The agreement will remain in force for 180 days after the noticewas sent./PN “Mas gusto ni Presidente natignan natin ang ating kakayahan, palakasin ang kakayahan natin,” he said. “Byrelying mainly on one particular country, you lessen your capability from thatmoment your alliance with that country is terminated.” “It started when they mentioned about the resolution in the US Senate.They were trying to figure out who would be the persons who will be barred fromentering. Noon pa lang, ‘yung utak kogumagalaw na. Ganoon ako. Hindi naman ako naghihintay. I just announcedlate,” he said.    He added Duterte’s order to terminate the VFA was due to the demand ofreleasing opposition Sen. Leila de Lima; the US Senate resolution condemning thedrug war; the amendment to US budget barring entry of Philippine officialslinked to de Lima’s arrest; and the cancellation of Sen. Ronald dela Rosa’s USvisa.  “I am terminating the VFA. I was not joking. The day I said it was theday that I decided it should be terminated,” Duterte added. Having signed the 1951 Mutual Defense Treaty as allies, the Americantroops are obliged to help defend the Philippines if it comes under attack. Anattack against Philippine armed forces, public vessels or aircraft also fallsunder its obligations in the treaty. MANILA – Presidential Spokesperson Salvador Panelo said PresidentRodrigo Duterte’s order for the termination of the Visiting Forces Agreement(VFA) between the Philippines and the United States (US) was a “studieddecision,” and it was not done to “appease China.”       “It is a tactical and strategical decision by the President. His decisionis mainly based on the actions of the US government, with respect to the USSenate and the US Immigration and not meant to appease China,” Panelo said onJan. 30. Aside from the VFA, the countries also inked the Enhanced DefenseCooperation Agreement, which allows US troops to have greater access toPhilippine bases and presence in the country. last_img read more

Tua Tagovailoa praises Jalen Hurts for staying at Alabama

first_imgAlabama quarterback Tua Tagovailoa praised fellow quarterback Jalen Hurts for sticking with the Crimson Tide, despite an interesting quarterback situation that unfolded this season. Tagovailoa was tabbed as the starter for the 2018 season after he took over for then-starting quarterback Hurts during halftime of the College Football Playoff national championship game against Georgia. Hurts had been Alabama’s starter during the 2016 and 2017 seasons.  College Football Awards 2018: Alabama QB Tua Tagovailoa wins Maxwell Award Alabama found itself in an eerily similar situation as the national championship game when Tagovailoa went down with a sprained ankle during the SEC championship game last weekend. Hurts stepped in and rallied the Crimson Tide to a 35-28 victory over Georgia. Tagovailoa had surgery Sunday and is expected to be back with the team and practicing within two weeks, which means he could play in the Orange Bowl, according to The Athletic.  Tua Tagovailoa injury update: Alabama QB sprained ankle in SEC championship gamecenter_img “(It’s a) testament to Jalen’s hard work he’s put in the offseason,” Tagovailoa said Thursday at the college football year-end awards after winning the Maxwell Award. “To character — it shows the kind of character he has, with his faith as well. The kind of background he comes from with his family support. I think it’s something very special for him to have stayed, and I definitely think he deserves everything that’s coming his way right now.“I think it’s a bigger testament to how he was raised, with his family, how they raised him. I think they’ve done a tremendous job with that. Jalen’s an all-around great person. He’s a great student, and on the field, he’s just a very good supporter to me and Mac Jones as well. Mac Jones is a great supporter of us. But you know, just an all-around great person.” Related News “You can look at it in two ways. You can look at it in a positive way, where OK, this is something that I’ve dealt with. How am I going to go about doing things now? Or you can look at it as, dang, I’m just gonna keep getting injured,” Tagovailoa said of his injury. “There’s either a positive or a negative, and I try to look at the positive side of it.“If it was meant for me to get hurt, it was meant for me to get hurt. I don’t know. I don’t know how life works. That’s just how it works sometimes. That’s just how the ball rolls. We’re dealt with adversity sometimes, and it’s just how you respond.”Top-ranked Alabama will face Oklahoma on Dec. 29 with kickoff scheduled for 8 p.m. ET.last_img read more