Gold Coast records huge profit on property sales

first_imgGold CoastMore from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoGOLD Coast homeowners are making more than $480 million in profits with new figures confirming a booming property market.The latest CoreLogic Pain and Gain report reveals nine out of 10 property owners made a profit in the December quarter.More than 90 per cent of sales recorded a total profit of $482,076,853 while 8.2 per cent of sales recorded a $15,613,522 loss.The quarterly report tracks home sales across Australia and reveals the proportion of sales being sold at a profit versus those being sold at a loss.“With property values continuing to increase over the final quarter of 2017, albeit at a more moderate pace, the proportion of properties resold at a profit has continued to climb,” Research analyst Cameron Kusher said.last_img read more

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Cannabis referendum: Why the construction industry is worried weed will be legalised

first_imgNewsHub 24 July 2020Family First Comment: “We’ve got a limited pool of people already, potentially going to be more limited. [It] might encourage people to use drugs more, become more dependent on drugs.”A survey of almost 200 civil contracting companies found more than 66 percent worry that legalising cannabis will negatively affect them.#votenopetodopeSome construction companies warn they’ll face a shortage of workers if cannabis is legalised in the referendum.The high-risk industry will continue to test its workers even if it is legal, and worries that will rule out a large group of employees.Drug testing on construction sites is common practice.“It’s a zero-tolerance policy, we test pre-employment, we test on incidence and we test randomly,” said David Howard, Managing Director of Construction Contracts Ltd.Howard worries it will make it even tougher to find workers.“We’ve got a limited pool of people already, potentially going to be more limited,” he told Newshub. “[It] might encourage people to use drugs more, become more dependent on drugs.”A survey of almost 200 civil contracting companies found more than 66 percent worry that legalising cannabis will negatively affect them.READ MORE: https://www.newshub.co.nz/home/politics/2020/07/cannabis-referendum-why-the-construction-industry-is-worried-weed-will-be-legalised.htmllast_img read more

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