Why southern investors are getting mixed messages

first_imgLandscape Architect Simon Mahar at the playground he designed at the new residential estate Enclave at Earlville. PICTURE: STEWART MCLEANCAIRNS’ unique real estate market has been singled out as a perfect location for southern investors to get great returns for their money in a considerably risk-free environment.The comments came from Urbex general manager of realty Craig Covacich, whose company is building the Enclave housing development at Earlville.“As you know, Cairns vacancy rates are dropping, rental yields are rising and the supply is limited. These are the indicators for a savvy investor to act,” he said.“The credit squeeze and APRA-amended credit regulations has also starved the market of new housing, further fuelling the lack of rental accommodation. A brand new residential estate at Earlville is showing strong interest from both local and international markets. Pictured is Urbex Realty General Manager Craig Covacich, Enclave Project Director Tim Bycroft, and Urbex General Manager Peter Sherrie.“Cairns has a young market who want to rent as their wages restrict home ownership. It’s also a transient workforce so that is further fuelling the demand to rent. On one hand, the subdued housing market and historical low interest rates provides good buying opportunities and the undersupplied rental market pushing up rental rates offers investment opportunities.“An interesting, real-time example of the demand in Cairns is Airbnb. The talk on the street in Cairns is that Airbnb is a prevalent trend that has responded to the need to offer rental accommodation. It’s a good time for investors to look north.”More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoMr Covacich also said Cairns was unique in its stability. “You don’t quite often see this – the established owners are not in the mood to upgrade or sell but the younger market is if rents are the same as mortgages,” he said.“The thing that worries me is that in Melbourne and Sydney, all we hear about is the subdued market, but the populations in the regions are growing and thriving yet they’re being portrayed as going through an armageddon. “As soon as you go north of Sydney – well is there anything north of Sydney? I fly around the country and the planes are full, the economy is going well. This isn’t a regional city that’s collapsed, it has a demand and a need and it’s about education.”last_img read more

Egbe Calls for Support, Prayers for Siasia

first_img“Siasia is a personality that served Nigeria meritoriously as a player and as a coach. This is the time to rally round him,” he observed.Egbe further said that the ban is painfully coming at a time when the Bayelsa State born ex international was still battling with the challenge of his mother still in kidnapper’s den.“I’ m confident that with the support of Nigerians, Siasia will come out of these challenges stronger,” prayed the FIFA agent.Egbe urged the Nigeria Football Federation (NFF) to step into the Siasia saga and find out what really transpired since the offence Siasia allegedly committed was done when he was in charge of the Eagles.“The NFF should look into the problem and find out what really happened. Siasia should not be left in the lush at this time,” Egbe said.It would be noted that FIFA in a statement on Friday hammered Siasia for breaching its Code of Ethics that bothers on match fixing.FIFA’s statement read in part: “In its decision, the adjudicatory chamber found that Mr Siasia had breached art. 11 (Bribery) of the 2009 edition of the FIFA Code of Ethics and banned him for life from all football-related activities (administrative, sports or any other) at both national and international level. In addition, a fine in the amount of CHF 50,000 has been imposed on Mr Siasia.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram FIFA Match Agent, Ebi Egbe, has urged Nigerians not to condemn former Super Eagles Coach Samson Siasia yet after FIFA announced his life ban from football on Friday.Egbe who spoke on the shocking development said Siasia at this very difficult time needs the support and prayers of every Nigerian, even as he (Siasia) begins moves to clear his name.“From what I gathered so far, Siasia was not given fair hearing by the world soccer governing body, FIFA and Siasia himself may not have seen this coming.last_img read more