The drop in Brisbane unit values has finally slowed

first_imgUnit values halted their downward slide during January.THE drop in Brisbane unit values has finally slowed with new figures revealing some subtle growth in January.The latest CoreLogic home values figures revealed that unit values increased 0.1 per cent during January.This was on the back of a 0.9 per cent drop during the past quarter and a 0.7 per cent drop last year.The median unit value for Brisbane was now $384,551.Brisbane’s median house value actually dropped by 0.1 per cent during January to $532,395.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus21 hours agoCoreLogic head of research Tim Lawless said the unit market was still dragging down Brisbane’s results as a whole as a result of concerns around supply and buyer caution.According to the latest Jones Lang LaSalle, Brisbane apartment market report, market fundamentals for the unit market are expected to remain difficult in the short to medium term as a high level of stock is absorbed.“Downward pressure on apartment values and rents is expected to be maintained, but ease slightly in the short-run,’’ it said.“Any recovery in the inner Brisbane apartment market will be dependent on the continued growth of the Queensland economy and any subsequent increases in population growth stemming from that improvement.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:34Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:34 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenMonthly Core Index: January quarterly00:34last_img read more

Bartica residents still awaiting better roads

first_imgA mother and her two-month-old baby stumbled to the ground after struggling to traverse a deplorable roadway leading to an Amerindian Hostel, located at Seventh Avenue (between First Street and Third Street), below the Telecoms’ Hill.A section of the road where the deep gully was formedThis is just one of the many painful and dangerous experiences residents have been enduring for months, as the main access road continues to rapidly deteriorate as the relevant authorities take their time to address the issue.The roadway has been in a terrible state for more than four years, and it was only recently that it was upgraded prior to the Local Government Elections (LGE) which was held on March 18.Residents explained that the road was widened and a drain was dug, but it was not properly done.“We asked them to redo the drain as that was supposed to help drain the water so it would not affect the roadway but they didn’t,” one woman related to Guyana Times. Four months ago, residents began to complain of substandard work since the road started to erode significantly. “Don’t get me wrong. We are grateful they did some work as we have been asking for better access for almost five years now and nothing was ever done. However, even though we don’t expect paved roads and concrete drains, time and care should be taken to do a little better job so that the situation does not get worse,” a resident noted.Today, the road has moved from bad to worse, with the formation a deep gully at the side of the trail.And with the rainy season fast-approaching, residents are worried that the situation will only worsen.“Well, like my taxpayers’ money not giving us good service or it ain’t got value. Or maybe we have to send for Uncle David to visit the hostel in this Heritage Month… We need to get better than this, we voted for better, for change, not to exchange one lampy pampy bureaucrat for an even worse one. They probably are going to wait until someone injures themselves badly before any work is done,” one annoyed resident expressed in a Facebook post.Guyana Times was told that a contract was awarded for the rehabilitation of the road and that works should commence within the next two to three weeks. (Devina Samaroo)last_img read more