The house at 2 Sapphire St, Hollywell sold for $2.6 million.RiskWise chief executive Doron Peleg said buying a bargain property did not necessarily mean buying a cheap one.“It’s more about knowing where to buy for long-term capital gain,” Mr Peleg said.“Sure, there are a lot of well-priced houses out there but if they are not expected to grow in value down the track then they aren’t the best buy.”Hollywell, a lifestyle suburb on the northern Gold Coast characterised by older-style houses ideal for renovations, has a median price of $786,614, according to CoreLogic data.More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoIt has had capital growth of 13 per cent over the past year, 25 per cent over the past three years and 35 per cent over the past five years. Hollywell has been identified as the top spot to bag a bargain home in Queensland. New research has identified the top 10 spots in Australia to bag a bargain home.HOUSE hunters looking for a bargain buy that will increase in value over the next few years are being urged to consider the Gold Coast.Two Coast suburbs are listed on property researcher RiskWise’s top 10 places across the country that are tipped to record solid capital growth.Norlane and Lovely Banks in Victoria secured the first two spots, but the rest are in Queensland — headed by Hollywell.Gaven also featured, ranking sixth. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, 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 Rate1xFullscreenWhy location is everything in real estate01:59 Australia’s top 10 bargain suburbs ranked by property researcher RiskWise.Harcourts Coastal agent Tim Zampech said its location made it a popular suburb.“I think it’s because it’s the neighbour suburb to Paradise Point,” he said.“Paradise Point has always been a really big hotspot … Hollywell is the next best thing.”He said it was a small area and there were only a few houses listed at any one time so people often did not know about the suburb until they started looking for property in the area.“It’s one of those suburbs that a lot of people don’t know is there,” he said.He believed demand would increase as more people discovered it, increasing prices further.Gaven has also seen strong growth on its median house price, which is $748,366.It jumped 12 per cent over the past year, 24 per cent in three years and 28 over five years.LJ Hooker Mudgeeraba agent John Fischer said the suburb offered mostly acreage properties with easy access to M1 and the Coast’s amenities.“The position is very central to everything on the Gold Coast so I can see why it would be having good growth,” he said.“I reckon prices probably will continue to grow.“It’s very good value for money at the moment so it’s a good time to get in.” The house at 39-41 Columbine Way, Gaven sold for $1.07 million.
Comments Published on August 28, 2011 at 12:00 pm With five freshmen in the starting lineup, Syracuse took the field Saturday night looking to find ways to make up for its inexperience. But with youth comes growing pains, and the Orange fell to Colgate 1-0 on the road.For the entire first half, the Orange played solid defense and held the Raiders scoreless. It wasn’t until the 53rd minute that the Syracuse defense lapsed. Senior goalkeeper Phil Boerger couldn’t handle a save, the ball kicked back out in front of the net and Colgate freshman Jimmy McLaughlin put in the rebound for the only goal of the game.Syracuse’s offense did have some opportunities to score but couldn’t capitalize. Early in the game, junior Mark Brode missed a free kick. Then in the 79th minute, senior Dan Summers, a transfer from Hartwick College, sent a shot just past the right side of the goal. Late in the game, Boerger tried to set up his teammates by sending the ball into the Colgate box, but it was to no avail.Syracuse took only three shots in the game, compared to the Raiders’ 15. Colgate goalkeeper Grant Reed never even had to make a save. Boerger, who transferred to SU from Evansville University, made six saves to keep his team within reach of tying the game or taking the lead.Freshman forward Grant Chong and senior midfielder Nick Roydhouse were the other two members of the Orange to take shots.AdvertisementThis is placeholder textEight players made their debuts for Syracuse, which started six freshmen in the second half. In what’s essentially a completely different team from the one that the Orange fielded last season, overcoming that youth and inexperience will be key for SU to have a strong season in head coach Ian McIntyre’s second year.Syracuse has its home opener Thursday night against Canisius at the SU Soccer Stadium at 7 p.m.Women’s soccerSyracuse’s third game of the season, at Colgate, was postponed on Sunday due to weather conditions caused by Hurricane Irene. The game is currently in the process of being rescheduled.The Orange (1-1, 0-0 Big East) will return to action Thursday against No. 10 Boston College in Chestnut Hill, Mass.SU split its first two games of the season at the Embassy Suites Kick-Off Classic in Fort Myers, Fla. The Orange dropped its season opener to Robert Morris 1-0 on Aug. 19 and defeated Florida Gulf Coast 1-0 two days later. Facebook Twitter Google+