Houses and apartment buildings are seen in the blue chip Brisbane suburb of Hamilton. Image: Darren England/AAP.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoOver the final quarter of 2018, Brisbane home values fell 0.1 per cent, while across regional Queensland, they declined 0.2 per cent.But in the 12 months to December last year, home values in the Queensland capital rose by 0.2 per cent.CoreLogic research analyst Cameron Kusher said weaker housing market conditions nationally were being influenced by a downturn across the capital cities, especially in Sydney and Melbourne. A new home is seen under construction. Image: AAP/Brendan Esposito.“Despite a strong start to last year, approvals for detached houses have taken a turn for the worse, declining in the second half of 2018 and ending six per cent down on the previous 12 months,” Mr Bidwell said. “The figures also reveal that the slide in unit approvals has slowed, and are down four per cent when compared to the previous 12 months.” The luxury homes of Sovereign Islands on the Gold Coast. Photo: Glenn Hampson.Capital city home values are 6.7 per cent lower than their peak.Mr Kusher said regional housing markets were holding up better than the capital cities.It comes as the latest figures from the Australian Bureau of Statistics reveal building approvals in Queensland have dropped to their lowest level since mid-2014.Master Builders Queensland deputy chief executive Paul Bidwell said the 39,995 approvals recorded at the end of 2018 was in stark contrast to the peak of 52,000 approvals in August 2016. Expensive homes in Queensland are gaining in value and more affordable ones are falling, research shows. Image: Darren England/AAP.THE divide between rich and poor is getting bigger in Queensland’s housing market.Research reveals the most expensive homes in the state have risen in value over the past year, while properties at the lower end of the market have fallen.Analysis from property researcher CoreLogic shows home values across the most affordable sector of the state’s market dropped 0.8 per cent in 2018, while values in the top quarter of the market increased 0.1 per cent.In Brisbane the gap is even wider, with values falling half a per cent across the most affordable properties and rising a third of a per cent among the most expensive.It supports anecdotal evidence from real estate agents on the ground who are reporting higher sale prices for prestige properties.
RelatedPosts Minister gives condition for resumption of contact sports Minister pledges support for development of AI, robotics in Nigeria NSF 2020: Sports minister raises fresh hope The Ministry of Youth and Sports Development under the leadership of the Minister, Sunday Dare, has supported coach Kadiri Ikhana with a sum of money.It could be recalled that coach Ikhana came to Abuja some months ago for medical treatment, which included surgery and had cried out for help. Speaking on the gesture, Dare said: “Coach Kadiri Ikhana is an ex-international of note, he served the country, he was part of the historic team in 1980 and a one time Super Falcons coach.“He brought smiles to the faces of football loving Nigerians when he became the first Nigerian coach to win the CAF Champions League trophy.“I heard his plea for assistance and I sent one of my aides to him while he was in the hospital to ascertain the level of assistance required by the coach. What better way to show support than to foot part of his medical bills? That’s what we have done.“Like I have always maintained, the welfare of athletes, ex-internationals and that of those who still represent us remain our priority and we will continue to be on the lookout to assist in anyway we can. We wish Coach Kadiri Ikhana a quick recovery.”The renowned soccer coach was part of the Nigerian team to the 1980 Nations Cup, the first set of players (Green Eagles) to win Nations Cup for the country in the year 1980. He also won the CAF Championships league with Enyimba Football Club of Aba in 2003.Tags: Kadiri Ikhanamedical billsSunday Dare