A man was found shot dead near the Wadduwa railway station today, the police media unit said.The police said the man was believed to have had links to an underworld figure.
Land prices hit record high amid supply shortfall across the country
Most expensive regional residential land ($ per sq m): 1. Sunshine Coast (QLD) 7182. Gold Coast (QLD) 5663. Illawarra (NSW) 4534. Richmond-Tweed (NSW) 4385 Barwon (VIC) 432 5 strongest markets for land sales: 1. Darling Downs (QLD) 63.4%2. Mackay (QLD) 59.9%3. South Eastern (WA) 53.5%4. Kimberley (WA) 35.5%5. Gippsland (VIC) 30.0% (Source: HIA-CoreLogic Residential Land Report) Estates on the Sunshine Coast are booming.Sydney was the most expensive capital with the cost per square metre at a whopping $1,051, followed by Perth ($752), Melbourne ($737) and Adelaide ($637), while Hobart was most affordable ($180).HIA senior economist Shane Garrett said supply struggled to keep pace with demand leading to greater housing affordability issues.“The high cost of new residential land is at the heart of Australia’s housing affordability crisis,” Mr Garrett said. “The housing industry’s ability to ramp up the supply of new dwellings as demand dictates is hampered by the inconsistency of the land supply pipeline. The time it takes for land to be made available to builders is unnecessarily long.”CoreLogic commercial research analyst Eliza Owen said vacant residential land prices accelerated despite the largest housing markets like Sydney and Melbourne passing peak growth levels.“Despite the softening in capital growth, land prices were driven higher by long term confidence in some Australian metropolitan markets. Indeed, developers may act counter-cyclically to secure vacant land on the fringe of metropolitan areas before the next upswing,” she said. Capital city residential land ($ per sq m): 1. Sydney $1,0512. Perth $7523. Melbourne $7374. Adelaide $637More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago5. Brisbane $5466. Hobart $180 Gold Coast land lots are the second highest regional price per sq m in the country. Picture: Nigel Hallett.THE cost of residential land lots in Australia has hit a record, pushing prices in some regions of Queensland to the highest in the country.The latest HIA-CoreLogic Residential Land Report, out today, found that the median vacant residential land lot price hit an all-time high in the September 2017 quarter to $267,368. It was a massive 10.9 per cent jump on the same period in 2016.The Sunshine Coast was now the most expensive regional market in the country ($718 per sq m) with the Gold Coast running in a hot second ($566 per sq m) — both more expensive than the Brisbane’s $546 per sq m cost.Land prices were rising the fastest in the capital city markets though, up 12.8 per cent on the same time last year. Brisbane was the second most active residential land market (behind Melbourne) with 1,928 lots sold in the quarter but was also the second most affordable of the capitals with the median at $231,000 per lot.