Investors making more money as tenants lose out

first_imgREIQ CEO Antonia Mercorella. Photo: Claudia BaxterREIQ CEO Antonia Mercorella said the Gold Coast continued to experience the tightest vacancy rates in Queensland which was providing challenging conditions for tenants.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“In the post-Games period developer Grocon is tasked with transforming the athletes’ village into more than 1100 apartments and townhouses in a mixed-use development that will hopefully become available for sale and potentially rent in early 2019,” she said.“Additional supply will hopefully ease the tight conditions on the Coast, although with the stunning success of the Commonwealth Games, there is the potential for migration figures to rise increasing the demand for dwellings.She said more rental properties were needed along with investors to contribute to the rental pool. “Without more investors, the vacancy rates will remain tight,” she said.“Investors are facing tougher conditions since APRA tightened lending conditions and recent ABS figures indicate investor participation is falling.” REIQ’s latest Market Monitor had the Coast rental vacancy at just 1.1 per cent.CoreLogic’s March 2018 quarter rent review reveals the median rental rate on the Coast is $499, making the city the highest place to rent in Queensland.It comes as REIQ’s latest Market Monitor had the Coast rental vacancy at just 1.1 per cent.A vacancy rate of about three per cent is considered to be healthy.“We expect rents to stabilise in the second half of 2018 and there may be a few corrections if the rental stock rises at a faster pace than demand,” the report stated. CoreLogic’s March 2018 quarter rent review reveals the median rental rate on the Coast is $499, making the city the highest place to rent in Queensland.IT may be easier to find a rental property on the Gold Coast now the Commonwealth Games are over but don’t expect rents to decrease any time soon.That’s the message from property experts who are predicting the rental market to “stabilise” over the next 18 months with new stock set to hit the market. “We are still expecting continued rental growth” – 44 Home Real Estate’s Shaun Carney.Shaun Carney, managing director of property management company 44 Home Real Estate, predicted rents to increase.“The Gold Coast is expecting some dwellings to come available post Commonwealth Games which should help ease pressure on the rental market, but we are still expecting continued rental growth,” he said.“Naturally rents will follow capital growth and try to keep up, but with an average of 12,500 residents moving to the Gold Coast each year, we are seeing families paying a little more to have a backyard then living in apartments, which is driving rents upwards.” Brent Martens, of Harcourts Coastal, believes rents will continue to go up.Harcourts Coastal business development manager Brent Martens shared a similar view.“Coming from summer though to winter it always slows down,” Mr Martens said.“That’s pretty common Australia-wide.“There is more stock on the Coast now and properties are still leasing but now instead of getting 15 groups through we are getting 10 groups at inspections.”Despite the slight slowdown, Mr Martens expected rents to increase over the long term.“Rents have gone up from a year go and we should still follow that trend.”“Rents may not increase right away but they will remain the same and come August or September we will see those increases.”last_img read more

IPE Conference: Quarter of all mandates are ‘in the danger zone’

first_imgCarsten Eckert, InsticubeFurther research from the platform revealed what were the most important asset manager selection criteria for the asset owners.“Performance of products” ranked as the most important factor, followed by “clarity and consistency of investment process”, then “understanding goals and needs of clients”.Eckert said the firm’s data from asset owners also showed the extent of the significant growth in passive management that had occurred over the last four years.In 2017, 36% of assets from the investor sample were managed passively, up from 18% in 2014.Eckert said the growth of passive investment reduced the market’s risk-bearing capacity and eroded revenue margins.“Given times of extraordinary volatility, with [active asset management] diminishing; the active risk-taking mandates diminishing in volume – do we have enough capacity in the industry to survive extra volatility, now that we allow the replication, and the passive, algorithm-driven market to grow so fast?” he asked the audience.Insticube gathers information on how assets owners see their asset managers and is jointly owned by IPE and Asset Metrix. European asset owners are dissatisfied with a quarter of all the asset management mandates that are currently being run on their behalf, according to data from pan-European research firm Insticube.Carsten Eckert, managing director of the Munich-based company, told delegates at the IPE Conference in Prague: “25% of the market is looking for – or is considering – proposals for better service.”He was presenting the results of data collected from asset owners across 19 European countries and covering 5,200 mandates.When recently asked whether they would be happy to recommend their asset managers to another colleague in the industry, they plumped for a rating of between one and six – on a scale of 10 – for a quarter of these mandates. Eckert said he considered that scores of between one and seven could be considered diplomatic ways of saying “no”, but in this case he had made the more conservative choice of only counting one to six as implicitly negative responses.“So that’s very interesting – there is another 25% of the market in motion,” he told the conference, describing these mandates as “in the danger zone”.last_img read more

First female Speaker of the Iowa House, Linda Upmeyer of Clear Lake, reflects on her tenure

first_imgDES MOINES — Linda Upmeyer of Clear Lake closed out her tenure as Speaker of the Iowa House Monday morning. Last fall, Upmeyer announced she would not seek re-election to the House in November of 2020 and would immediately step down as the leader of House Republicans for the 2020 legislative session. In October, House Republicans selected Pat Grassley as Upmeyer’s successor and he was installed after a vote in the full House Monday morning. Upmeyer, though, was able to give one last speech from the speaker’s chair.  “As the first woman to serve as speaker of the Iowa House, I hope that my time has inspired girls and young women,” Upmeyer said. “When you dream big and work hard, nothing is unattainable.” Upmeyer’s late father, Del Stromer of Garner, was speaker of the Iowa House in the early 1980s. “Someday, God willing, I’ll have an opportunity to have a discussion with my dad. I’m sure he will be very proud of what we’ve accomplished on behalf of Iowans,” Upmeyer says. “I’m also sure that there will be a couple of things where he’ll say: ‘Girl, what were you thinking?’” Upmeyer, who is still a voting member of the House in 2020, told reporters she hasn’t lost any sleep about her decision to resign as House speaker. “From time to time I’ll think of a bill, perhaps, that I was interested in and say: ‘Oh, we didn’t get that passed,’” Upmeyer said, snapping her fingers. “But, you know, I still have this year.” Upmeyer says it feels nice to have a reduced workload now that she’s not in charge of raising money and recruiting candidates for House races.  “I traded cars because I wouldn’t have to put 25,000 miles on my car every year,” Upmeyer told reporters Monday. Upmeyer is completing her tenth term in the Iowa House.last_img read more

I am the man – Nicholson

first_imgBoys’ Town’s Shamar Nicholson and Rohan Richards of newly promoted Jamalco Football Club are the top scorers with four goals apiece after six rounds of action of the 2016-2017 Red Stripe Premier League season. Nicholson has scored four of the Red Brigade’s five goals this season and relishes the opportunities he has been given by the team’s technical director, Andrew Price. “Coach Price is confident in my ability to score goals, so I am the man,” he told The Gleaner. “My target for the season is 30 goals, which is a lot, but that is the target,” the 19-year-old said. Rochane Smith of the UWI FC is in third position in the goalscoring tables, having scored three goals so far this season. Eleven players from seven clubs have scored two goals each. They are Damari Deacon and Lennox Russell from Arnett Gardens; Levaughan Williams and Wolry Wolfe from Humble Lion; Rodrico Wellington and Nicholas Scott from Maverley-Hughenden; Dino Williams and Allan Ottey of Montego Bay United; Rochane Sharpe of Jamalco; Jermaine Johnson of Tivoli Gardens; and Rodave Murray of Waterhouse. Seventy goals have been scored so far this season, with newcomers Jamalco, who are in third place in the team rankings, leading with 10. With seven goals scored are Arnett Gardens, Maverley-Hughenden, UWI FC, and Humble Lion. Tivoli Gardens FC have scored six goals this season, followed by Portmore United and Boys’ Town with five goals each. Waterhouse with four and Harbour View with two have the lowest number of goals.last_img read more

David Silva has yet to decide whether he will play beyond his contract at Man City

first_img Which teams do the best on Boxing Day in the Premier League era? 2 REVEALED gameday Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury That will take the former Valencia midfielder up to 10 years’ service at the Etihad Stadium, by which time he will be 34.Silva said: “I have two more years on my contract here. I feel great here. I want to stay until the end of my contract and then I’ll see how I feel physically and mentally to carry on.”Silva made his 250th Premier League appearance for City and scored in the champions’ 6-1 thrashing of Huddersfield last weekend.The occasion had added poignancy for Silva as his son Mateo, who was born prematurely during last season, was in attendance along with many other members of his family. Tottenham v Brighton LIVE: talkSPORT commentary and team news for Boxing Day opener Every current Premier League club’s best kit from the past decade Latest Premier League News REVEALED Silva said: “It’s my ninth season here, I have played lots of games, enjoyed lots of great moments too. At the end, this is like a family to me.“It was very special. Besides the milestone of it being my 250th game and the goal I scored, having my son there healthy at the Etihad Stadium is something that I will always remember.”City captain Vincent Kompany is set to reach the same 250 Premier League appearance milestone in Saturday’s game at Wolves.Silva said: “He’s a good captain because he always focuses on the details. He always looks after the best interests of the team.“He’s been here for a long time and I think he gives a lot to the team. He is an outstanding player. He gives an additional boost to the team.” smart causal Silva celebrates his goal in City’s 6-1 win over Huddersfield last weekend center_img ALTERED silverware How the Premier League table could change after the Boxing Day fixtures England’s most successful clubs of the past decade, according to trophies won 2 David Silva is not sure if he will play for Manchester City beyond the end of his contract at the club.The Spaniard, who called time on his international career earlier this month, signed a deal last November which keeps him at City until 2020. Tottenham predicted XI to face Brighton with Mourinho expected to make big changes huge blow possible standings There was a poignant moment before the Huddersfield game when Silva’s son Mateo was a mascot for his dad Where Ancelotti ranks with every Premier League boss for trophies won last_img read more