Million dollar sales at record levels across Australia’s capitals

first_imgMillion-dollar sales: 13 Tipuana Drive, Capalaba, sold for $1.03m on August 7, 2017. Picture: Realestate.com.auBrisbane has been steadily climbing from 0.1 per cent of houses having sold for $1m or more two decades ago, to 2.4 per cent 10 years ago and 7.9 per cent now.Brisbane’s proportion of units that sold for $1m or more was even less, going from 0.2 per cent in 1997 to 2.4 per cent in 2007 and now sitting at just 2.8 per cent. In comparison, Sydney saw 21.3 per cent of units sell for $1m or more in the year to June.It’s those sorts of figures that have spurred an influx of interstate buyers on the hunt for property investments in the third biggest capital.CoreLogic’s Australian research head Cameron Kusher said bracket creep was no longer a surprise in Sydney and Melbourne where values surged 77 per cent and 61 per cent in the past five years.Million-dollar sales: 10 Grattan Terrace, Wynnum, sold for $1m on the dot on August 8, 2017. Picture: Realestate.com.au Million-dollar sales: 49 Heidelberg Street, East Brisbane sold for $1.037m on August 1. Picture: Realestate.com.auALMOST a quarter of houses sold across the capitals cost six digits or more in the past year, with million-dollar sales now hitting record levels, latest data shows.Research by CoreLogic found that in the year to June, 23.2 per cent of all houses sold across Brisbane, Sydney, Melbourne, Perth, Adelaide, Darwin, Canberra and Hobart were priced at least $1m.While the figures were dominated by Sydney where a whopping 47.8 per cent of houses sold for over $1m and Melbourne (25.9 per cent), the third largest capital Brisbane was still showing surprising value for money for buyers with 8 per cent of houses in the six-figure region.BRISBANE’S FIRST $3M SUBURB LOOMSRINEHEART SELLING BRISBANE PROPERTIESGET THE COURIER — MAIL’S REAL ESTATE NEWS IN YOUR INBOX FREEMillion-dollar sales: 9 Highvale Street, Eight Mile Plains, sold for $1.825m on August 8, 2017. Picture: Realestate.com.au More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoMillion-dollar sales: 7606 Fairway Boulevard, Hope Island, sold for $1.795m on August 8, 2017. Picture: Realestate.com.aucenter_img Million-dollar sales: 17 Haig Street, Clayfield, sold for $1.125m on August 9, 2017. Picture: Realestate.com.au“With dwelling values continuing to climb, we anticipate that in another 12 months we’ll see an even higher proportion of sales sitting at or above $1 million,” he said.“The flip-side to this is that the ongoing increase in the proportion of residential properties selling in excess of $1m highlights the ongoing deterioration in the availability of housing affordability.”The pace of change has also begun to spread to regional housing markets, Mr Kusher said, which generally had lower costs than the capitals.“Across the combined regional areas the proportion of houses selling for at least $1m has increased from 3.5 per cent in June 2016 to 4.1 per cent in June 2017. Meanwhile, the proportion of units selling for at least $1m has increased to 3.5 per cent of all sales in June 2017, up from 3.2 per cent a year earlier.last_img read more

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Walks costly for Dodgers in loss to gaining Diamondbacks

first_imgLOS ANGELES >> The Dodgers found a new way to lose Tuesday.For a team that has lost 10 of its past 11 games, it was no small feat.In the 10th inning of a tie game against the Arizona Diamondbacks, Dodgers pitcher Pedro Baez walked the first two batters he faced. Both scored when third baseman Justin Turner threw to the plate for a likely out, only to watch his throw carom off the glove of catcher Yasmani Grandal.The fateful error capped a 3-1 loss, and represented a cruel twist of fate for Grandal. His fifth-inning home run dashed Zack Greinke’s bid for a no-hitter and a shutout, and proved to be the Dodgers’ only run of the game. During their current 12-game winning streak, the Diamondbacks have gained 9 1/2 games on the first-place Dodgers in the National League West standings. The Dodgers’ only win during that time? A 1-0 nail-biter in San Diego in which Clayton Kershaw pitched flawlessly.Pitching wasn’t the problem Tuesday.Dodgers manager Dave Roberts insisted he didn’t need starting pitcher Hyun-Jin Ryu to be perfect. He merely wanted Ryu to return to form – six runs allowed in his first six starts following the All-Star break – after getting shelled for six runs in four innings Aug. 30 in Phoenix.Ryu did just that. The left-hander allowed only one run in six innings, pitching well enough to leave the game tied at 1. He walked five batters but struck out seven and benefitted from a double play on a comebacker to the pitcher’s mound.Ross Stripling pitched two scoreless innings in relief of Ryu. Kenley Jansen pitched around a couple baserunners in the top of the ninth inning. In the bottom of the ninth inning, the Dodgers wasted a leadoff single by Chris Taylor, who was thrown out trying to advance to second base on a deep fly ball. That set the stage for Baez (3-4), who has allowed seven runs in three September appearances while recording only two outs.Baez walked Chris Iannetta and A.J. Pollock to begin the 10th inning. Left-hander Tony Watson was warming up in the bullpen when Roberts emerged from the dugout to visit the mound, but the manager elected to leave Baez in the game.Chris Herrmann pinch-ran for Iannetta, and both runners moved up on a J.D. Martinez groundout. When Brandon Drury bounced a ground ball to third base, Turner’s best chance at an out was to throw home to retire Herrmann. His throw was on target but Grandal – blinded by Herrmann, perhaps – couldn’t close his mitt on the baseball.Watson relieved Baez and finished the inning, but the damage was done. Fernando Rodney pitched a scoreless 10th inning, allowing only a pinch-hit single to Corey Seager, to end the game.Since they matched their 2016 win total on Aug. 25, the Dodgers are 1-10 and have been outscored 62 to 26. Five of those losses have come at the hands of the Diamondbacks.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

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