Cutters Landing is the best performing apartment building in inner Brisbane, according to a new report.New Farm and Teneriffe topped the list because of their proximity to the CBD and lifestyle amenity, with the Cutters Landing building in New Farm coming out on top. Apartments in Cutters Landing have achieved 6.1 per cent capital growth in the past 12 months.“What has been occurring in our marketplace over the past 12 months has been a consistent trend towards higher quality properties as owner occupiers have become the predominant buyers,” the Place Advisory report said.“However, with APRA continuing to loosen lending restrictions, expected interest rate falls and no changes to negative gearing or capital gains tax, investors will likely begin coming back into the market in the medium term.” Inside one of the apartments in Teneriffe Village.Dylan Leone and his partner, Jaco Gunter, bought a 220 sqm, two-bedroom, two-bathroom apartment in Cutters Landing in 2017. Mr Leone said he was happy they had made a good investment choice and would hold on to the property, even if they moved in future.“(The apartments in Cutters Landing) are fairly tightly held so that obviously influences the growth because people do choose to live there from a lifestyle perspective,” Mr Leone said.“We really like the location and the precinct. “From a presentation perspective, it’s incredibly well maintained and that appealed to us and … there’s not that many apartments that offer the scale that the Cutters Landing apartments do.” This three-bedroom house at 13 Bimbah St, Forest Lake, is on the market for $399,000+.The suburbs where investors are likely to pocket the highest rental income are in New Farm, where the weekly median rent is $650 for an average three-bedroom house, followed by Spring Hill, Petrie Terrace and Brisbane’s CBD with weekly rents of $600 on average.Ms Crampton said weekly rents had been increasing at a rate of five to 10 per cent within 5km from the CBD.“This will not dissipate,” Ms Crampton said.“We will see more and more of that because people need to live closer to their places of work and it’s about their lifestyle choices.”Ms Crampton said investors could expect capital gains of between 10 and 20 per cent in a shorter timeframe if they bought in an inner-city location.SUBURBS WITH THE HIGHEST WEEKLY RENTS FOR 3-BED HOUSES Suburb Median price Weekly rent Yield1. New Farm $1.37m $650 2.5%2. Spring Hill, Petrie Terrace, CBD $862,500 $600 3.6%3. Paddington, Milton $925,000 $600 3.4%4. Red Hill, Kelvin Grove $812,500 $565 3.6%5. Auchenflower, Toowong $800,000 $555 3.6%(Source: Place Advisory) This house at 113 Musgrave Rd, Red Hill, is for sale for offers over $899,000 and would make a great investment property.When it comes to apartments, supply in inner Brisbane is starting to dwindle and there are green shoots of positivity emerging, according to Place Advisory.Some developments are doing better than others though, with quality, owner-occupier targeted apartments in demand while those aimed at investors are not selling as fast.Place Advisory has also carried out a study on the best performing apartment buildings in Brisbane and found good quality, high-rise apartment buildings close to the Brisbane River and with a design aimed at owner occupiers came out on top.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours ago MORE: House earns owners $200k a year Dylan Leone and Jaco Gunter live at Cutters Landing in New Farm. Picture: Peter Wallis.THE best Brisbane suburbs to invest in property have been revealed, with potential goldmines waiting to be snapped up by savvy buyers.A new report from Place Advisory has found the suburbs with the highest rental yields are mostly in the middle ring on the city’s southside, while those with the highest rental incomes are inner-city lifestyle locations.Darra, in Brisbane’s west, tops the list, with a median house price of $350,500 and average weekly rent of $335. RELATED: This apartment probably earns more than you The view from one of the apartments in Edgewater at Toowong.BRISBANE’S BEST PERFORMING APARTMENT PROJECTS IN 2018/19Building Average Annual Capital Growth Suburb Scale Waterfront1. Cutters Landing 6.1% New Farm High-rise Yes2. Oxlade Court 6.1% New Farm Mid-rise Yes3. Teneriffe Village 5.9% Teneriffe High-rise Yes4. Edgewater 5.7% Toowong High-rise Yes5. Rivercity Terraces 5.6% Kangaroo Point High-rise YesHigh-rise: at least 41 apartments; Mid-rise: 11 to 40 apartments; Low-rise: Maximum 10 apartments(Source: Place Advisory) Investors are set to pocket a five per cent yield on a three-bedroom house in this suburb.Forest Lake, Ellen Grove and Kuraby are not far behind, with slightly more expensive median prices, but the same five per cent rental yield.Place Estate Agents property management director Cathie Crampton said five per cent was a good rental yield in any market — and it was only set to increase.“We will see now, I believe, movement toward six per cent (yields),” Ms Crampton said.“But when you’re investing in those median ring suburbs, they’re median term holds.”SUBURBS WITH THE HIGHEST YIELDS FOR 3-BED HOUSES Suburb Median price Weekly rent Yield1. Darra $350,500 $335 5%2. Forest Lake, Ellen Grove $382,000 $365 5%3. Kuraby $370,000 $355 5%4. Durack, Richlands, Inala, Doolandella $365,000 $330 4.7%5. Acacia Ridge, Willawong, Pallara,Larapinta, Heathwood $395,000 $360 4.7%(Source: Place Advisory) Apartments in this building in Teneriffe have performed well for investors. The view from one of the apartments in Cutters Landing, New Farm.Other apartment buildings that outperformed the market include Oxlade Court in New Farm and Teneriffe Village in Teneriffe, where apartments have achieved capital growth of on average 5.9 per cent in the past 12 months.Place Advisory director Lachlan Walker said boutique buildings and aspirational locations were the primary drivers of strong capital growth in apartments.Mr Walker said apartments in the top five best performing buildings were achieving capital growth far greater than the long-term average of around three to four per cent.“These buildings have a good reputation and are in good locations and people in the area want to live there,” Mr Walker said.
GUYANA’S male team settled for a second-place finish at the recently concluded Inter-Guianas U-21 Male and Female Volleyball Tournament, which was played in French Guiana.Defending champions Guyana had stormed into the final of the event through victories over the home side and Suriname in the preliminaries, but according to information from the federation, the officials heavily favoured the home side in the championship clash.The Guyanese contingent were not the only ones dissatisfied with the calls, the technical official of the French Guiana Volleyball Federation also acknowledged it and promised to get overseas officials for the next event.Despite the ‘bad calls’, the visitors were able to take their opponents to five games in the best-in-three championship clash. Guyana won the opener 25-17, before French Guiana drew even at 25-18. The visitors bounced back to win game three 25-18 with French Guiana again fighting back for a 25-19 win in game four, before they sealed the win with a 15-12 victory in the final clash.In the two-best-in-three preliminary round of the May 3-4 tri-nation event, Guyana males had defeated French Guiana 25-21, 17-25 and 25-19 and Suriname 25-17, 19-25 and 25-21.Our female team did not fare well and were defeated in the preliminary round by both the home nation and Suriname, who played with more experienced players.INDIVIDUAL AWARDSAlong with the second-place trophy, Guyana took two individual awards. Captain Andy Rohoman was adjudged the best attacker, while his teammate Jaleel Roberts finished as the best blocker.President of the Guyana Volleyball Federation Levi Nedd indicated that the trip would not have been possible without the support of Director of Sport Christopher Jones.
With yet another undefeated start to their regular season coming fresh off an NCAA Title earlier in 2019, it’s time to ask the question of why the Wisconsin women’s hockey team is so good at what they do.Yes, Minnesota and Wisconsin arguably constitute the heart of hockey culture in the United States, but there’s more to the story than that. The majority of football recruits come out of Texas, Florida and California, yet Midwest teams like The Ohio State University and Notre Dame are continually at the top of collegiate competition.There’s more to their success than simply geographic location, so what exactly is it?Perhaps the most important factor in the Badgers’ success is Head Coach Mark Johnson. With a strong record as an amateur and professional hockey player, Johnson returned to his alma mater as an assistant coach. He remained in that position until 2002 when he took over the program following the departure of former coach Trina Bourget.Women’s hockey: Mark Johnson becomes winningest coach in NCAA historyWith a 3-1 home victory over Minnesota-Duluth on Oct. 14, head coach Mark Johnson officially entered the record books as Read…While strong results weren’t immediate, Johnson made his value as a coach immediately clear as the mid 2000s was arguably the peak of Wisconsin hockey as a whole. In the seven seasons between 2004 and 2011, Johnson and his squad brought home four NCAA Titles in just six total appearances.Already an incredible stretch of titles, the Badgers also had a championship game loss to Minnesota-Duluth in 2008. This means that in six total appearances to the Frozen Four in a seven-year stretch, Johnson and the Badgers won four titles and lost in the championship game once.While this stunning pace has not been kept up in the last eight years after 2011, Johnson has continually proved himself to be a winning coach, the likes of which Wisconsin never saw before his return. Star sophomore Sophie Shirley understands just what makes Johnson such a great coach.“Everything he says you want to swallow it up and take as much knowledge in as you can,” Shirley said. “We really respect him as a coach.”Women’s hockey: Why the women’s hockey team deserves more cloutThe University of Wisconsin women’s hockey team is undoubtedly one of the most successful athletic programs on campus. With four Read…But Johnson isn’t on the ice when the games are won despite the talent he had as a player back in the day. The Badgers’ extremely high talent level is largely a result of one major reality — they are particularly adept at poaching talent from outside the state as well as across our northern border.Somewhat surprisingly, very few of Wisconsin’s top point scorers actually come from Wisconsin. Over the last five years, an average of just one Wisconsinite has been in the top 10 total point scorers for the Badgers. So they had to go elsewhere for their talent. Perhaps the most notable example of this is Badger legend Annie Pankowski from California.California is not typically thought of as a hub of developing hockey talent, but Pankowski made her way to Wisconsin nonetheless. Even with out-of-state contributions, primarily from Minnesota, the Badgers’ most common source of talent is Canada.In the last five seasons, an average of nearly four out of every 10 of the top point scorers for the Badgers have been from Canada. Without these players, it’s difficult to see how the Badgers would have a path to a title game or even the Frozen Four.While it’s tough to tell exactly where this extensive recruiting prowess stems from, I think it’s a safe bet to believe that, once Johnson got the ball rolling for the Badgers, he had little trouble finding willing recruits to join such a winning team.While coming to the conclusion that Johnson’s coaching ability as well as the Badgers’ propensity to attract talent across North America are responsible for their success is not a groundbreaking conclusion, it does highlight just how well they do in each of those respects.Women’s Hockey: Badgers continue to set gold standard after championship seasonLast March, the University of Wisconsin women’s hockey team was on top of the world. After defeating the Minnesota Golden Read…Each top program in women’s hockey is going to have a good coach that is more than capable of recruiting some of the best players in the nation to play for their program. It’s not that the Badgers are special in this regard — it’s just that they manage to do it better than everyone else.Without that hot streak that Johnson procured from his team in the mid-to-late 2000s, we might very well be looking at a completely altered program compared to where it is today. His ability to win championships set the tone of the program for the next decade, culminating in yet another national title last season, their first since 2011.