Townsville property market set for revitalisation, expert predicts

first_imgTom Panos, General Manager for Real Estate Sales, News Corp speaks at Momentum Townsville.TOWNSVILLE’S property market will see a major leap in house prices over the next five years, according to one of Australia’s leading real estate experts.Speaking at national event series Momentum Townsville yesterday, News Corp general manager of real estate sales and founder of the Real Estate Gym Tom Panos said the city was poised for a major property price hike spurred by developments like the CBD stadium.“I see at the moment that Townsville is a brilliant opportunity to be buying in as it has in-built value which should, over the next five years, see the property market grow at a faster rate than any other around Australia,” he said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“By in-built I mean that Townsville has a lot going on, including infrastructure and developments that has not yet been realised (by the wider market).”With Townsville predicted to see its first moderate rise in median property prices by the end of the year, Mr Panos said now was the time to invest.“My recommendation to buyers waiting to sell is that if they are looking at selling and buying, what they should do is to do it now, because while they may not get the price they were hoping to get and would have got in previous years, they are also going to buy at a lower figure,” he said. “So when you’re selling and buying, it makes no difference at what price you sell at because you will sell in a low market and buy in a low market. “What does matter is the changeover figure and many people will be better off upgrading in a down market, because there are more properties to pick from and the properties they are going to buy have probably dropped more than the one they are going to sell.”Momentum is a national event series for real estate professionals held in all major cities each year.Yesterday’s event included keynote speaker Steve Carroll, director of sales regional at realestate.com.au who spoke about technology trends and their market relevance.last_img read more

Washington Capitals’ Alexander Ovechkin once again skipping All-Star Game

first_imgSporting News: Ovechkin and the NHL All-Decade team | NHL Athlete of the DecadeDue to NHL rules, the Capitals captain will be forced to sit out either the last game prior to the All-Star break or the first game back — but he’s not too worried about that.”The most important thing is not the regular year, it’s the playoffs,” Ovechkin said.”You don’t want to miss the game, but the rules are the rules,” Gulitti’s thread continued. “I’m healthy, thank God, and I just made this decision because I have to be in good shape and I have to be ready and good in the playoffs.”MORE: Sporting News’ top 10 hockey stories of the 2010s Washington Capitals star forward Alex Ovechkin has opted to sit out of this year’s All-Star Game for the fourth time in his career.”I have to get ready for the second half of the year,” Ovechkin said after his team’s 2-1 win over the Columbus Blue Jackets, per NHL.com’s Tom Gulitti. “I have to be healthy and focus on different things.” Your #NHLAllStar Division Captains will be as follows:Atlantic Division – David Pastrnak (@pastrnak96)Central Division – Nathan MacKinnon (@Mackinnon9)Metropolitan Division – Alex Ovechkin (@ovi8)Pacific Division – Connor McDavid (@cmcdavid97) pic.twitter.com/YuU9ypQT4c— NHL (@NHL) December 22, 2019Ovechkin was voted Metropolitan Division captain and once again thanked the fans for voting him in yet again, saying: “It’s a hard decision, obviously, being the captain and missing the All-Star Game, but have to do best for me and for my team.”In 2012, Ovechkin skipped the event while serving a suspension and in 2016 he sat out to tend to a lower-body injury. Last season, he sat out to rest up for the playoffs, making the 2020 All-Star game the second-consecutive time he has withdrawn.Now 34-years-old, the star forward is averaging just under a point-per-game for the first time in three seasons (36 points in 38 games). The back-to-back Rocket Richard trophy winner currently ranks fourth in goals with 23.last_img read more