â$100k blindsideâ: Home buyers stung by greedy vendors Queensland is in the midst of housing market boom and yet some houses are still not selling at auction and itâs all down to greedy vendors.
Property by Darren Cartwright
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Subscriber only Greedy vendors are squeezing every dollar out of desperate home buyers, some even holding out for unrealistic reserves that have forced sellable properties to be passed in, experts say. Over the past few weeks, several houses have failed to sell with real estate agents quietly claiming it is purely because of unrealistic reserves. One agent, who did not wish to be named, said one property they listed failed to sell at auction after the vendor factored in a 20 per cent increase in the reserve to offset the rising property market.
The federal government is poised to tip in half the cash for a major upgrade of one of the region’s worst intersections.
The Coast’s budget windfall was revealed by Federal MPs Ted O’Brien and Andrew Wallace ahead of Tuesday night’s federal budget.
The Morrison Government will allocate $160 million, half of the $320 million required to deliver the long-awaited Mooloolah River Interchange.
Fairfax MP Ted O’Brien said the interchange was a state government responsibility, but the federal government was stepping in after “too much talk and too little action”.
The state government has spent $7.5 million on a detailed business case with the preferred option including:
Chopper tasked to fall at Coast mountain sunshinecoastdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunshinecoastdaily.com.au Daily Mail and Mail on Sunday newspapers.
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UPDATE 5PM: A person has been flown to hospital after falling at the Glass House Mountains on Friday afternoon. A Queensland Ambulance spokeswoman said a person, reported to be a male, was winched from the scene and taken to Sunshine Coast University Hospital in stable condition. He had reportedly fallen a distance and injured his ankle on Mt Tibrogargan at 3pm.
EARLIER: A rescue helicopter has been tasked to help an injured person after a fall at the Glass House Mountains. A Queensland Ambulance spokeswoman said a person had reportedly fallen a distance and injured their ankle on Mt Tibrogargan at 3pm on Friday.
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Subscriber only A police car has been involved in a crash on the northern end of the Coast with a person taken to hospital. A Queensland Ambulance Service spokeswoman said paramedics were called to Kauri Street in Cooroy at 4.44pm for a two-vehicle crash. She said crews were assessing two stable patients, with one person taken to Nambour Hospital. She said the crash was believed to have occured due to a medical episode The spokeswoman said there was no age or gender reported. A Queensland Police Service spokeswoman confirmed a police car had been involved in a minor crash.