Grow with your members through loan participations

first_imgCredit union loan participations have increased by 61% between 2014 and 2017 as a percentage of their total outstanding loan portfolios. Listen in to understand the landscape of modern loan participations and how to evaluate loan participation tools. Learn about ROA models, participation benefits and pitfalls, expanded balance sheet options, and more. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

QLD’s power streets revealed: where the state’s high flyers live

first_imgHedges Ave, Mermaid Beach, is regarded as one of Queensland’s ‘power’ streets.WELCOME to the Sunshine State’s power streets.These are the streets where some of Queensland’s wealthiest CEOs, celebrities and sporting legends own multi-million dollar mansions.From Olympians and billionaire business owners to property tycoons and former politicians. you know you’ve made it if you own a home in one of these exclusive addresses. Clive Palmer owns this beachfront home in Hedges Ave, Mermaid Beach.When it comes to power streets, the Gold Coast’s self-proclaimed ‘millionaire’s row’ Hedges Avenue needs no introduction — just deep pockets. The exclusive beachfront strip at Mermaid Beach is home to the likes of Clive Palmer, who paid $12 million for a five-bedroom mansion at 9 Hedges Ave in 2018 and Harvey Norman executive Steve Cavalier, who bought 213 Hedges Ave for a whopping $19 million in 2006. More recently, oil mogul Peter Mitchell sold an 810 sqm double block at 67 & 69 Hedges Ave to Village Roadshow CEO Clark Kirby and his former television presenter wife, Sara, for $10.3 million. Clive Palmer photographed on the Gold Coast. Photographer: Russell Shakespeare.Other high profile residents include Gold Coast businessman Jack Ray and his TV personality wife, Natalie Gruzlewski; former Tourism Queensland chairman Terry Jackman; and members of the Tristram family who founded the Tristram’s soft-drinks business.Mermaid Beach has a median house price of $1.585 million and is one of the most in-demand suburbs among potential home buyers, according to Realestate.com.au.Cohen Handler Queensland managing director and buyer’s agent Jordan Navybox said his clients wanted to live as close as possible to the “hotspot” of Mermaid Beach. Television presenter Natalie Gruzlewski and her husband, Jack Ray, own a house on Hedges Ave, Mermaid Beach. Image supplied.“Everyone wants to be in Hedges Ave — even if they can’t get into it,” Mr Navybox said.The equivalent power street on the Sunshine Coast would have to be Seaview Terrace in sought-after Sunshine Beach. A high-profile couple paid $17 million for a mediterranean style mansion in May this year, while breakfast TV host Karl Stefanovic and his wife, Jasmine, bought in the street for $3.6 million in January. Karl Stefanovic and his wife Jasmine have bought this house on Seaview Tce.Television and film producer Jude Bailey and Russian hemp trader Evgeny Skigin also own homes in Seaview Terrace, Sunshine Beach, which has a median house price of $1.54 million.Adrian Reed, director of Reed & Co Estate Agents, said it was no surprise that buyers loved Sunshine Beach — especially Seaview Terrace. “The elevation from the beach offers privacy and a sense of seclusion, and one of the most spectacular beach and coral sea views on the eastern seaboard,” Mr Reed said. Karl Stefanovic and Jasmine Yarbrough own a house in Seaview Tce, Sunshine Beach. Photo: Scott Ehler.In Brisbane, Aaron Avenue in Hawthorne is a magnet for the well-heeled, with mining magnate Gina Rinehart the owner of $18.5 million worth of house and land.Finance wizard Noel Whittaker also holds prime real estate in the street adn Goodlife Health Clubs co-founder Leon McNiece did until recently. Properties are also owned by a property developer, a lawyer and business identities. Gina Rinehart owns property in Aaron Ave, Hawthorne. Picture supplied.Also on the river, King Arthur Terrace in Tennyson made headlines late last year when Brisbane Broncos CEO Karl Morris sold his property in the street to Canstuct International CEO Rory Murphy for $17.6 million.The street is also home to the son of Super Amart founder John Van Lieshout. Place Estate Agents managing director Sarah Hackett is marketing a 10 bedroom, eight-bathroom Great Gatsby-style mansion at 121 King Arthur Tce owned by Mark Brodie, the former owner of Queensland takeaway-chicken chain, Brodie’s. Broncos chairman Karl Morris sold his home in King Arthur Tce, Tennyson, for $17.6m. Picture: Peter Wallis.Mrs Hackett said she had recently received an offer of more than $10 million for the luxurious riverfront estate, which had attracted interest from a number of successful “under-the-radar” business owners.“(King Arthur Tce) is a north facing street, it’s elevated and looks over the golf course,” Mrs Hackett said.“You could be anywhere in Queensland with that view, it’s just magical. This property at 121 King Arthur Tce, Tennyson, is owned by the founder of the Brodie’s takeaway chain, Mark Brodie.“People do pick streets just because usually they’re attracted to the similar type of homes there and the feel of it.“Quality neighbours are important too. With so many high-end sales in a street, you’re not going to overcapitalise if you invest there.” Sutherland Ave in the affluent suburb of Ascot has always been regarded as one of Brisbane’s most prestigious addresses. This house at 14 Sutherland Ave, Ascot, sold for more than $13m recently. Image: CoreLogic.With only 16 houses in the street, property records show some of the homes have been held by the same owners for more than 40 years.High profile residents include renowned fashion designer Keri Craig, Sentinel Property Group managing director Andrew Beaumont and Swissport vice president Glenn Rutherford who bought the former home of Domino’s Pizza boss Don Meij.The record sale price for the suburb was broken earlier this year when ‘Windermere’ at 14 Sutherland Avenue fetched $13.14 million. Coronis executive Craig Gillies is selling this house at 41 Sutherland Ave, Ascot.Down the road in blue-chip Hamilton, Dickson Terrace is the ultimate address.The street is famous for the extravagant mansion built by disgraced businessman Christopher Skase, which was bought by hotelier Steven Shoobridge for $10.13 million in 2018.The owners of uniform manufacturer, Weareco, fourth generation jeweller Margot McKinney and property developer, Anthony Barakat, also own mansions in the street. An aerial image of 36 Dickson Tce, Hamilton, which is the former home of Christopher Skase and now owned by hotelier Steven Shoobridge.In the same suburb, Harbour Road is home to fitness empire queen Lorna Jane Clarkson.An eight-bedroom, nine-bathroom masterpiece built for developer Don O’Rorke of Consolidated Properties at 33B Harbour Road is for sale. The statement residence, which is called Balaam, sits on a 1609 sqm block with 48m of river frontage and is for sale for offers over $6 million with Ray White New Farm principal Matt Lancashire. Fitness queen and entrepreneur Lorna Jane Clarkson lives in Dickson Tce, Hamilton. Image supplied.More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoMr Lancashire is also marketing a home in the tightly-held Oxlade Drive in New Farm, which he regards as a definite ‘power street’, occupied by CEOs and old money families. The property for sale at 36A Oxlade Drive is one of just nine riverfront homes on the strip, with direct access to the boardwalk.“The last house that sold along there was in 2013,” Mr Lancashire said. This mansion at 33b Harbour Rd, Hamilton, is for sale.“It’s very prestigious… with generally larger blocks with direct river frontage and pontoons. It’s just unbelievable territory.“As soon as something comes up there, it is the talk of the town because it just doesn’t happen.“The prices along that strip could challenge Brisbane’s (house price) record.”Property records show the cheapest residential sale along Oxlade Drive was $5.6 million. Mr Lancashire said Teneriffe Drive in the neighbouring suburb of Teneriffe was also streets ahead of the competition.“It has some of Brisbane’s most exclusive homes, with city views, and only 1km from the CBD,” he said. This property at 36a Oxlade Dr, New Farm, is for sale. Oxlade Drive is sought-after street, with multi-million dollar properties.Mr Lancashire said demand for prestige property in Brisbane was stronger than ever, despite the impact of COVID-19.“The wealth at the moment is outrageous,” he said.“I’ve got seven active buyers looking to spend over $10 million. I’m talking to them every couple of days.“The stock in the top end of town is really tight. “I was nervous when COVID started, but now we’re having a party in the top end.” 4. Aaron Avenue, Hawthorne 6. Sutherland Avenue, Ascot 1. Seaview Terrace, Sunshine Beach 9. Oxlade Drive, New Farm 10. Teneriffe Drive, Teneriffe 5. Brisbane Corso, Yeronga center_img 8. Dickson Terrace, Hamilton QUEENSLAND’S 10 POWER STREETS 7. King Arthur Terrace, Tennyson 2. Hedges Avenue, Mermaid Beach 3. Harbour Road, Hamilton last_img read more

Noosa unit prices hit new record high as region booms: REIQ

first_img Suburb Median price Annual change in median price TOP SUNSHINE COAST SUBURBS FOR HOUSE PRICE GROWTH Suburb Median price Annual change in median price More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoSunshine Beach $1,750,000 33.2%Yaroomba $965,000 27.8%Minyama $1,165,000 26.2%Sunrise Beach $1,000,000 19.8%Moffat Beach $910,000 12.1%Doonan $966,250 11.3%Noosaville $1,080,000 9.9%Bokarina $840,000 9.8% Palmwoods $555,000 8.8%Pomona $530,000 8.2% Lauren Tregear, 29, and partner, Khye Fromader, 34, with their two-year-old son, Tommy, outside their house in Peregian Springs. The Noosa region is seeing tremendous growth in house and unit prices. Photo: Lachie Millard.NOOSA’S median unit price has hit a record high of $715,000, making it the most expensive property market in the state.Despite apartment markets in other locations bearing the brunt of the coronavirus pandemic, the average unit price in the idyllic coastal haven increased 3.8 per cent in the three months to June 30, and is nearly 14 per cent higher than it was the same time last year.Over the past five years, unit prices in the region have grown more than 63.5 per cent, while in Noosa Heads alone, they have surged a staggering 99 per cent in that period. The view from the balcony of a unit on Hastings Street in Noosa Heads.House prices also continue to rise, with the median increasing 1.9 per cent during the June quarter to $836,724, on the back of five-year growth of nearly 48 per cent.Local agents say the region is seeing unprecedented interest and more profitable sales than ever before, despite being mostly inaccessible to buyers from outside the state.The Real Estate Institute of Queensland says the region is benefiting from being a domestic holiday location, with an influx of southeast Queenslanders flocking there once intrastate travel restrictions eased. Similar to its housing market, the low volume of listings is supporting the unit market with demand generally outstripping supply. Main beach at Noosa is always popular with locals and tourists.REIQ chairman Peter Brewer said Noosa had always been sought-after for its laid-back lifestyle, beautiful beaches and ecological areas, but the pandemic and the region’s strict population cap had only increased demand — particularly for luxury apartments. ”The Sunshine Coast has achieved something few jurisdictions elsewhere have managed; it’s maintained relatively high levels of well-performing property markets in defiance of COVID-19 — particularly the jewel in the region’s crown, Noosa,” Mr Brewer said.“With our borders still closed to both New South Wales and Victoria, that hasn’t deterred buyers from both Sydney and Melbourne in their search for property to purchase without ever having seen the property in person.“The ability for people to work remotely now is completely changing the paradigm and they’re happy to pay top dollar for whatever they can get their hands on.” Noosa’s laidback lifestyle and pristine beaches are part of its appeal.Lauren Tregear and her partner, Khye Frohmader, have lived in Noosa since they were kids and could not imagine living anywhere else.“We definitely consider ourselves lucky,” Ms Tregear said.The couple built their first home together in Peregian Springs three years ago and have watched house prices rise since.The area is slightly more family-oriented and more affordable than Noosa Heads or Sunshine Beach.Ms Tregear said she could not believe the interest in the region since COVID-19, particularly from people buying properties without setting foot inside them.“I’m not surprised people would want to live here,” she said.“I don’t think I could ever buy sight unseen, but I guess the area sells itself in a way.”The other regional market that outperformed in the June quarter was Toowoomba, where the median house price increased 1.4 per cent to $360,000. The unit market was equally healthy, with a median price rise of 3.2 per cent to just shy of $304,000 over the three months.Toowoomba was also the best performing major region for vacant land, with the median price increasing 9 per cent. The best performing unit market over the past five years was Centenary Heights, wherethe median unit price jumped more than 32 per cent.The REIQ says vacant land stocks have been absorbed and new home construction is set to boom between now and the end of 2020.Because Toowoomba is not heavily reliant on the tourism sector to sustain its economy, the closure of the Queensland border did not have a significant impact on the broader market in the region, according to the REIQ.The region is not overly reliant on the tourism trade so the market is expectedto continue to thrive post-pandemic. center_img TOP SUNSHINE COAST SUBURBS FOR UNIT PRICE GROWTH Alexandra Headland $438,000 15.3%Noosaville $550,000 13.4% Marcoola $410,000 9.3%Caloundra $490,000 8.8%Buddina $507,500 6.8%last_img read more