Costal town snatches title of Australia’s most expensive from Sydney

first_imgByron Bay has been named Australia’s priciest place for property. Byron Bay has snatched the title of Australia’s most expensive city from Sydney, according to new data.The costal town is not only home to celebrity heart-throb Chris Hemsworth but the country’s highest median house price at just under $1 million. The Propertyology report found the regional city has thumped Sydney with its median house price of $987,500 as of December 2018. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), 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 Rate1xFullscreenWhy location is everything in real estate01:59More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago The Gold Coast was ranked 14th in Australia. The Gold Coast’s median house price has jumped 12.5 per cent in the last three years. In 1998 the its median house price was just $185,000. It is ranked 6th for population, behind Sydney, Melbourne, Brisbane, Perth and Adelaide. “Based on its population of 606,000 people, Gold Coast is Australia’s sixth largest metropolis,” Mr Pressley said. “Ranked Australia’s 14th most expensive location, Gold Coast’s median house price is higher than Australia’s third largest city, Brisbane (with a) median house price of $550,000.” Byron Bay not only has pricey property, but it also has heart-throb Chris Hemsworth. The Gold Coast also featured on the national top 40 list with a $632,500 median house price, ranked 14th most expensive, behind Tweed with a $650,000 median. Propertyology head of research Simon Pressley said house prices in Byron Bay were likely to continue to rise, widening the gap between Sydney and Melbourne, where prices were falling. “Byron’s median house price increased by a whopping 64 per cent over the past five calendar years, propelling it to the top of the national table,” he said. “Sydney and Melbourne both produced a 44 per cent increase over the same five years to be $950,000 and $772,500, respectively.” MORE NEWS: Mega mansion relisted with price hikeMORE NEWS: Purplebricks exits Australian market after failure to take off Byron Bay’s median house price was a mere $140,000 in 1998, with its growth put down to location and a laid-back lifestyle. “It’s staggering that Byron has averaged double-digit growth every single year for two decades. I doubt whether there’s another city anywhere in the world that has done that,” Mr Pressley said. “Byron is only a two-hour drive up the highway to Brisbane or a one-hour flight to Sydney via Ballina, plus the Gold Coast international airport is also only an hour away.” Real Estate Institute of Queensland (REIQ) Gold Coast Chairman Andrew Henderson said Byron’s rise to No. 1 might be thanks to its celebrity residents. “It’s not a surprise given the amount of celebrity personalities that now call Byron Bay home,” he said. “The aura that has been created around the town has probably lead it to that position.“Plus there is very limited availability in the area, that supply and demand probably assisted.”last_img read more

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Wenger: Arsenal ‘must be perfect’ to win title

first_imgArsene Wenger believes Arsenal will have to be perfect and rely on Chelsea slipping up if they are to win the Premier League title this season.The Gunners dealt what could prove to be a potentially fatal blow to the Reds’ hopes of securing a return to the Champions League after a comprehensive victory at the Emirates Stadium left Brendan Rodgers’ side now some seven points adrift.Arsenal moved back above Manchester City, who slip to fourth ahead of Monday night’s game at Crystal Palace, but remain some seven behind Chelsea after the Blues beat Stoke in Saturday’s late kick-off at Stamford Bridge. Arsenal host Chelsea on April 26, but Wenger concedes even if they were to win that contest, overhauling such a points deficit would be a big ask.”For the title we need us to be perfect and Chelsea not to be perfect, so let’s focus on what we can master which means our own performance,” he said.Arsenal run amok against Liverpool to move up to second Wenger’s men are, though, the side in form, having lost just twice in their last 12 matches in all competitions – a run which has propelled Arsenal not only up the table, but also into the FA Cup semi-finals at Wembley.”If there was 15 (league) games to go, you would not complain,” he said. “We had a very slow start this season, when we had many important players out together, and we dropped too many points. “We played six games in the Premier League and won two, after that you have a mountain to climb. “But now you can see that when we have everybody back, we can compete and the number of points we have made shows we have the quality to fight at the top.”Arsenal striker Olivier Giroud netted a fourth in stoppage time, curling the ball in from 20 yards to notch his seventh goal in as many appearances. Arsenal give Raheem Sterling tantalising glimpse of alternative future.–last_img read more

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