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Pensioners pushed out of Gold Coast property market

first_imgBrent Martens said rental prices have skyrocketed. Picture Mike Batterham“I had two owners who have recently sold and are looking to rent for a year or two, and they are shocked at how much rent has increased in even just a couple of years,” he said.CoreLogic shows the median house rental price on the Gold Coast has increased to $530 in the last twelve months to August, 2017, an increase of almost four per cent.Units are up to $410, an increase of 3.79 per cent. Demand far outweighs supply of rental accommodation. Picture: NIGEL HALLETT“We were not surprised by the affordability issues on the Gold Coast, as identified by the National Shelter report,” she said. “However, we do expect a small reprieve once the Comm Games have passed. The accommodation built for the Games will be converted to student accommodation and this will go some way to easing those tight conditions in this market, albeit briefly.”The REIQ agreed there was a need for more affordable accommodation for pensioners. Most of the Gold Coast is reportedly unaffordable. (AAP Image/Dave Hunt)National Shelter executive officer Adrian Pisarski said the report showed “most of the Gold Coast is moderately unaffordable” to an average annual household income of $80,000.“When you drop the income down to $60,000 a year, the whole of the Gold Coast is unaffordable to severely unaffordable to renters,” Mr Pisarski said.Real Estate Institute of Queensland CEO Antonia Mercorella said the Gold Coast vacancy rate is 1.9 per cent in the September quarter and the market remains in tight range with demand for rental accommodation outstripping supply. It’s beautiful, but it costs more than a pretty penny to rent here.PENSIONERS are the worst hit by the Gold Coast rental crisis, as rents surge across the city.New figures in the national Rental Affordability Index revealed Surfers Paradise, Southport and Robina lead “extremely unaffordable” suburbs for single pensioners receiving $25,000 in benefits a year.center_img Anne Parker has launched her own website to help other battling renters.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour ago02:37International architect Desmond Brooks selling luxury beach villa21 hours agoMs Parker is now looking to rent in a senior sharehouse with many other women in her position.“It’s just not feasible, everyone is getting squeezed out of the market,” Ms Parker said. “Prices have gone up astronomically.”But it’s not just seniors doing it tough. Harcourts Coastal business development manager Brent Martens said all rentals in a 10km radius of Surfers Paradise have skyrocketed. An aerial view of residential apartments and housing on the Gold Coast , Wednesday, May 17, 2017. (AAP Image/Dave Hunt) NO ARCHIVINGAnne Parker spent 35 years on the Gold Coast, working in IT for Gold Coast City Council and police prosecution.But the mother-of-three is now living with her aunty in an Eagleby retirement village, after she fell sick and was forced to retire.“Life has changed from being independent to begging,” Ms Parker, 52, said. “I’ve been struggling ever since, I’ve been homeless.”last_img read more

WBC Gives Go ahead for Joshua, Fury World Title Fight

first_imgAnthony Joshua and Tyson Fury relished the opportunity to talk up their British rivalry as they received the go-ahead for an undisputed world title clash next year.The WBC has confirmed Fury has no restrictions to prevent a blockbuster battle with Joshua after WBC mandatory challenger Dillian Whyte suffered a shock loss to Alexander Povetkin last weekend.Mauricio Sulaiman, the WBC president, has revealed how Joshua was in line for a WBC title fight earlier in his career, but the governing body would still welcome a fight between their belt holder and the WBA, IBF and WBO champion. Sulaiman told Sky Sports: “Joshua fought for the IBF title when he was WBC No 2, and he received an opportunity, so we understand and appreciate that he got an opportunity and went in a different direction, however, the WBC was the first organisation to rank him, ranking in the top 10, top five.“We knew the value of Joshua.“Joshua to do an ultimate unification with Wilder, if he wins, or Fury if he retains, would be magnanimous.”Unified champion Joshua remains confident he can topple Fury, predicting how he would overpower the WBC champion during an appearance on ‘A League of Their Own.’“First six, I know I’m going to take him out,” said Joshua. “I’ve had a shorter career, so I’m fresher. Been in the deep end longer, so I’m used to the pressure.“I believe I’m going to handle the pressure and I’m going to take him out.”“I believe I’m better than Wilder, faster, whatever you want to call it. I reckon I’m going to be doing this for another 10 years.”Fury made a typically swift response on social media, saying: “I would batter Joshua inside the first round.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more