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California is ‘pulling the emergency brake’ on its reopening plans.

first_imgDaily case reports are rising in 48 states, and with little action from the Trump administration, governors and mayors across the country are taking new steps to try to halt the spread. On Monday, a sweeping stay-at-home advisory went into effect in Chicago, and Philadelphia announced strict new rules starting Friday, banning indoor gatherings and closing indoor dining at restaurants.In California, which had been credited with getting the virus under control for a time, Gov. Gavin Newsom, a Democrat, said the state’s daily case numbers had doubled in the last 10 days, the fastest increase the state had seen since the beginning of the pandemic. The state reached one million known cases on Nov. 12, and the next day issued travel advisories. California’s governor announced Monday that the state is “pulling the emergency brake” on its reopening and reinstating broad restrictions, while Iowa’s governor reversed course and announced a mask mandate.The announcements came as the United States reported its 11 millionth confirmed case on Sunday, with one million new cases over the past week alone. The country is averaging 150,000 new cases a day and will probably reach 250,000 total deaths sometime this week.- Advertisement –last_img read more

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The Gold Coast’s best suburbs to buy an investment property

first_imgLeading the top 100 list was country town Blackwater in the Central Highlands Region, which had a gross rental return of 11.7 per cent. “Median house values ranged from $89,483 to $521,597 and for units between $133,205 and $395,577,” the report read. “(It) featured 63 suburbs where houses represent good rental opportunities and 37 suburbs where units offer the highest yields, while also demonstrating positive rental growth.” The other states lagged behind Queensland’s impressive rental performance, with only 17 suburbs making it to the list in New South Wales, 15 in South Australia and Victoria, eight in Tasmania and one in Western Australia, Northern Territory and Australian Capital Territory. MORE NEWS: Mansion listed with eye-watering price A total of 42 Queensland ’burbs graced the CoreLogic list.CoreLogic research analyst Cameron Kusher said to make the cut, the suburb had to have delivered “solid rental yields, consistent rental growth and vacancy rates of less than 3 per cent”.He added finding a positively geared investment was more likely in the top 100 areas. All seven Gold Coast suburbs featured on the list for their unit’s performance, with Reedy Creek leading the pack for the city at No. 51. The suburb’s units had a gross rental yield of 6.8 per cent per annum, a median rent of $430 per week and a median sales price of $350,000. Southport units followed at No. 79 thanks to a gross yield of 6.5 per cent, median rent of $390 per week and median sales price of $375,000. Labrador was ranked 80 followed by Upper Coomera (83), Mudgeeraba (92), Currumbin Waters (95) and Helensvale (97). Reedy Creek was home to the Gold Coast’s best performing investment units.Harcourts Coastal agent Katrina Keegan said the Gold Coast’s expansion of public transport was shinning the spotlight on suburbs further out of the CBD. “Main Beach would usually take the accolade but the public transport expansion is sharing it around,” she said. “The apartment sector has gone up because the light rail and extensions of the train stations are pushing people further out.”Ms Keegan said interstate investors and buyers looking for a sea-change were also bolstering the unit market. More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“In 2019, we have definitely seen an increase in interstate investors across the board,” she said.“The biggest numbers have come out of New South Wales.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:46Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:46 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenChoosing an apartment to invest in01:47 Seven Gold Coast suburbs made the list of Australia’s best 100 areas for rental performance.QUEENSLAND has dominated a list of 100 best places in the country for rental performance, with seven Gold Coast suburbs taking out top honours. The latest CoreLogic report, which ranks rental yield figures, saw Reedy Creek, Southport, Labrador, Upper Coomera, Mudgeeraba, Currumbin Waters and Helensvale as investor hot spots. The Glitter Strip ’burbs joined 35 other areas in the Sunshine State in the nationwide list that was made up of suburbs with an estimated gross rental yield of 5 per cent or more a year for either houses or units. MORE NEWS: House with theme park backyard sells in million-dollar deal [email protected]last_img read more

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