Gold Coast sees spike in first home buyers

first_imgExperts say there are still plenty of affordable properties in and around Surfers Paradise. (AAP Image/Dave Hunt) Housing estates being built along Foxwell Rd in Coomera Waters. Picture: Jerad WilliamsTHE State Government is on track to approve $20 million in first-homeowner grants this financial year after a 30 per cent spike in applications.Almost 750 grants have been approved already this financial year. The total for 2016-17 was 683.The government’s $20,000 first-homeowner grant ends on June 30. The Naia complex set to be built at Mermaid Beach will offer affordable apartments. Holly Power, 20, and Alex Hart, 21, used the first-homeowner grant to buy land at the newly released Harriet Lane estate in Urbex’s Northern Gold Coast development. Housing estates being built along Foxwell Rd in Coomera Waters. Picture: Jerad WilliamsHolly Power and Alex Hart used the first-homeowner grant to buy land at Oxenford’s Harriet Lane estate.They said it was tough competing against interstate and overseas investors for existing properties, so chose to build instead. COAST HOUSING MARKET TO ONLY GET BETTER “It is hard to find a house on the Coast for under $500,000, especially for something you want and to yield positive gains,” Mr Hart said.“Purchasing land and building allows us to live in a brand new house and add value through a pool and outdoor entertaining area. “We can build equity on the house and use it as a stepping stone to purchase another property.” Experts say there are still plenty of affordable properties in and around Surfers Paradise. (AAP Image/Dave Hunt)“The reality in the market place is that the $20,000 grant doesn’t go far when you’re buying brand new.“Generally, you’re going to see people who take advantage of the grant whether there’s value or not.”Both Mr Newlands and Mr Coughran believed the number of people applying for first homeowner grants would likely drop after June 30. Inside the Naia complex set to be built at Mermaid Beach.He said bargains could be found in and around Surfers Paradise; buyers just needed to weigh up what they wanted.“There’s still something for everyone (but) if you love surfing, there’s no use moving to Coomera,” Mr Newlands said.Buyers agent Tony Coughran, of Gold Coast Property Advisors, said first-home buyers also had options in the heart of the city where places like The Star Gold Coast and Pacific Fair were easily accessible.“Those first-home buyers are looking at other opportunities to satisfy their lifestyle, and looking for points of difference, like waterfront units,” Mr Coughran said.“The grant doesn’t even come into the equation for those people. Artist impression of Tribeca’s new Symphony development at Pimpama. First home buyers are out in force on the Gold Coast. 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 agoArtist impression of Tribeca’s new Symphony development at Pimpama.REIQ director John Newlands said young people were better off buying property on the Gold Coast because mortgage repayments were often less than what it would cost to rent.He also said interest rates were low and looked to remain static.“That’s incentive for people to buy,” said Mr Newlands, who is also a Surfers Paradise real estate agent. HIGHEST AND LOWEST SELLING SUBURBS However, he said building was often more expensive than buying an established property and it was restricted to the north and south of the Gold Coast where land was available.“The grant was really designed by the government to stimulate the building industry,” Mr Newlands said. FACTS– The Queensland First Home Owners’ Grant can be used to build or buy a new house, unit or townhouse with a value of less than $750,000. – Buyers must move into the new home within a year and live there for at least six months.ON THE MARKET– Harriet Lane, Oxenford, land from $275,000– Arundel Springs, Arundel, land from $325,000– Elm, Ormeau, four-bedroom homes from $489,750– Symphony, Pimpama, four-bedroom homes from $489,980– Naia, Mermaid Beach, one, two and three-bedroom apartments from $362,000– Sandbar, Burleigh Heads, two and three-bedrooms apartments from $520,000last_img read more

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New grant for Keck research

first_imgThe Keck School of Medicine’s epidemiological cancer surveillance research program has been awarded $23.5 million of federal funding to advance its research.Granted · The USC Department of Preventative Medicine will use the $23.5 million to fund epidemiology research at USC’s cancer center. – Neha Jain | Daily TrojanThe USC Department of Preventative Medicine has received funding since 1992, but this award provides the epidemiological program with enough financial stability to continue research in the coming years.“Most funding comes from the government and typically only for one to three years, so you are constantly unsure of what you will do five years from now and [unable] to count on seven years of funding,” said Dennis Deapen, director of the Cancer Surveillance Program.The program, part of the National Cancer Institute, will receive the award over the course of seven years.“This funding allows me and my colleagues to focus on our researching instead of writing new grants. We hope to not only be able to help those people who have cancer but to also prevent cancer from starting,” Deapen said.About 65 faculty, staff and graduate students from USC, UCLA and other area universities also involved in the institute’s research on cancer prevention, eye diseases, childhood obesity and cardiovascular problems, among other health issues.“Each researcher will obtain names of cancer patients from [a] hospital and then the researcher will ask the patient if he or she would like to be interviewed about risk factors from their diet, to exercise, to family medical history,” Deapen said.The researchers look at how trends and patterns differ by racial groups, age groups and sexes. The main goal of the program is to make a surveillance registry and electronic account of all cases of cancer in hopes of discovering methods to prevent cancer in other individuals.As the number of cancer cases continues to increase, Deapen said he believes the funding from the recent grant will help in discovering breakthroughs in cancer research, which could improve the quality of life of cancer patients.“I love this position because it gives me a chance to both direct a program and to research in the program,” Deapen said. “The funding will truly make sure that it is high quality, timely and invested in the overall quality of the community.”Loraine Agustin, a student researcher for the program who is pursuing a doctorate in epidemiology, said she was glad to hear about the funding and to be a part of the program.“I decided to stay at USC because the research is exactly what I want to do and Los Angeles has such diversity in ethnicities for what we are studying,” Agustin said. “I’m very happy because I am getting full benefits, and I can explain and share my research to the community.”last_img read more

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