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first_imgThe home at 117 Osborne Drive, BurpengaryTHIS five-bedroom home is on a private acreage block in Burpengary. The property, which is at 117 Osbourne Drive, has been well maintained and backs on to a nature reserve. Owner Lyn Patterson said the home was close to everything while still being in a quiet neighbourhood that would never be built out.“We’ve got the wildlife reserve at the back so we get the kookaburras on the property and plenty of other birds,” she said. The home has four bedrooms with built in wardrobes and there is an ensuite to the main bedroom. The home is on a private, landscaped block.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019There is also a study that could be used as fifth bedroom. The new kitchen has stainless steel appliances, subway tiles and white cabinetry while the dining room and living room both have tiled floors and sliding doors that open to a covered entertainment area. The airconditioned sunken lounge has near-new carpet and access to the entertainment area. The home has been repainted inside and out and the roof has been resprayed. The big kitchen has been updated.Outside, the fully fenced property has been landscaped and features a fully powered 6x9m shed, a water tank, grey water system and a garden shed.Marketing agent Raimo Lavia, of Raine & Horne North Lakes, said the home was in a sought-after acreage pocket in the Burpengary-Narangba area. It is minutes from the Bruce Highway and both the Narangba and Burpengary train stations. Local schools and several shopping centres are within a 10-minute drive of the property. Ms Patterson said she was selling to downsize but would miss having so much space. “I’ll also miss the neighbours because everyone is so friendly,” she said.last_img read more

first_imgNATIONAL SPORTS FESTIVALThe Minister of Youth and Sports, Solomon Dalung, on Monday in Benin City commended the Government of Edo State for its preparedness to host the 20th edition of the National Sports Festival billed for 2020.The Sports Minister who paid an unscheduled visit to the state to assess the level of work going on at facilities earmarked for the Games now being referred to as “Benin 2020”, was full of plaudits for the state. Some of the sports facilities visited by the minister include; the Samuel Ogbemudia Stadium, Benin Technical College sports ground as well as the University of Benin Sports Complex.“I must confess that from what I have seen on ground, the Edo State Government is more prepared for the hosting of the National Sports Festival than I had imagined.“Of course, there is still the need for some touches here and there but that is where the Federal Government comes in because the National Sports Festival is a Federal Government event. Even the University of Benin from the facilities I see on ground, can successfully host the games and I seize the opportunity to commend the founding fathers of the institution for this great initiative.“I am totally happy with all the locations visited here in Benin-City”, the minister declared.Asked to comment on the renovation work done so far on the Samuel Ogbemudia Stadium, Dalung said he was more than satisfied.“The contractor has already assured me that the stadium will be ready by April. The stadium from what I have seen is capable of becoming the best in the country but I have already advised the Edo State Government not to compromise quality. The stadium is going to become not only a state monument but also a national monument hence the need to emphasize the use of quality materials and products”, the minister stated.Responding on behalf of the Edo State Government, the Chairman of the Edo State Sports Commission, Godwin Dudu-Orumen, re-iterated the readiness of the state to host the best National Sports fFestival. He said the state will leave no stone unturned to achieve this.“The Governor Godwin Obaseki led administration is already re-constructing the Samuel Ogbemudia Stadium to international standard and we are building 20 mini stadia in the 18 local governments areas of the state. “We not only want to host the games, we want it to be the best ever since the inception of the games and you can be rest assured that we are going to put every machinery in place to achieve that,” stressed the Edo Sports Commission boss.Edo State was awarded the hosting rights for the 20th National Sports Festival at the close of the 19th edition which was held in Abuja last December.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Forecast Housing to Follow Economy to Solid Ground

first_img Now that the overall economy is on more solid ground, Wells Fargo economists suggest that housing may soon follow in its footsteps, according to the group’s Housing Chartbook for October 2014.The second quarter real GDP growth was recently revised to a higher annualized rate of 4.6 percent, and the unemployment rate has fallen below 6 percent for the first time since 2008. Data on consumer spending and employment for the third quarter suggests that the economy will close out 2014 on a high note, according to Wells Fargo. The economists indicated in the report that they believe real GDP growth will average 3 percent per annum for the next two years.Improvement in the economy, however, has not translated into improvement for the housing market to date except for a few isolated markets such as Austin, Charlotte, and Nashville, all of which experienced strong employment and income growth, according to Wells Fargo’s report. New and existing home sales remain disappointing despite the improved economic conditions, with investors stepping away at a faster rate than traditional buyers are returning. Many new households choosing renting over buying, according to Wells Fargo.While some predict that the housing market is poised for more rentals than buys for years to come, particularly among millennials, Wells Fargo suggests the contrary. Because foreclosures, delinquencies, and mortgages in a negative equity position have all been steadily declining over the last few years, Wells Fargo economists predict that home sales will improve and the demand for mortgages will revive once households are more confident about income and employment. Tighter lending standards have prevented many from obtaining a mortgage loan, according to Wells Fargo.New home sales saw an 18 percent increase nationwide in August, sending them to their highest level since 2008. The Northeast and West experienced the largest gains in new home sales with 29.2 percent and 50 percent, respectively, according to Wells Fargo. The surge in new home sales matches the monthly gain in builder sentiment; the National Association of Home Builders (NAHB)/Wells Fargo Home Builder Sentiment Index jumped 4 points in September up to 59, its best score in nine years.Existing home sales fell off by 1.8 percent in August, but the decline in all-cash transactions (down 6 percentage points to 23 percent) suggests that investors are becoming less active in the housing market, according to Wells Fargo. in Daily Dose, Data, Headlines, News Confidence Existing-Home Sales Forecast New Home Sales Wells Fargo 2014-10-13 Seth Welborn Sharecenter_img Forecast: Housing to Follow Economy to Solid Ground October 13, 2014 438 Views last_img read more