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Availability of Gold Coast rental properties at a seven-year high

first_imgApartments in the Gold Coast’s Commonwealth Games athletes’ village are now available to rent. Picture Glenn HampsonTENANTS on the Gold Coast are spoiled for choice for the first time in years with new data revealing there are more rental properties available now than there has been in almost a decade.Latest Real Estate Institute of Queensland figures show the Coast’s vacancy rate has jumped from 1.7 per cent in the September 2018 quarter to 4.8 per cent in the December 2018 quarter.The last time the vacancy rate hit four per cent was in the June 2012 quarter and it peaked at 5.2 per cent in the June 2011 quarter. The recent completion of multiple developments were believed to be responsible for the increased vacancy rate.“I feel that the strong continued migration (to the Coast) will fill up those numbers very quickly.“The next wave of development is going to be a little while off.”One of the largest developments contributing to the rental pool is JLL’s Smith Collective built-to-rent dwellings on the site of the former 2018 Commonwealth Games athletes village.The precinct has about 1251 dwellings with the first tenants moving in last month.Other developments in Varsity Lakes, Broadbeach, Miami, Burleigh and Robina were also offering more rental properties. The Gold Coast now has one of the highest vacancy rates it’s had in years.REIQ Gold Coast zone chairman Andrew Henderson said the recent completion of multiple developments added more properties to the rental pool.“It’s probably a fair bit of development that was completed towards the end of last year, which I imagine would have a lot to do with it,” he said.“It’s probably higher than usual but we’ve had a significant amount of development on the Coast.”MORE NEWS: Coast suburbs where prices are tipped to rise 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 agoMORE NEWS: Beachfront units sells four years after hitting the marketcenter_img Mr Henderson said it was good news because it gave tenants more choice, which they have not had in the past.“It’s good that it’s back to a more manageable, normal level.”However, he believed it would be absorbed quickly.last_img read more

Sugiyama plays integral part for USC

first_imgSenior Tyler Sugiyama is not one to have a lot of idle time on his hands. In addition to being a full-time student, he previously spent one summer serving as a congressional page for then-Speaker of the House Nancy Pelosi. Later, he interned as a financial analyst at JPMorgan Chase in Chicago.Jack of all trades · Senior guard Tyler Sugiyama, the longest-tenured player on the team, has many interests beyond just basketball. He plans to work for JPMorgan after earning his economics degree this spring. – Ralf Cheung | Daily TrojanOh, and he also plays basketball for USC.“I have had an opportunity to explore all my interests at USC,” Sugiyama said. “That’s why I came here.”Sugiyama refuses to let basketball completely define his USC experience. As a true student-athlete, he found a way to balance his desire to gain work experience with his passion for the sport.Sugiyama has had to make difficult sacrifices to accommodate such large commitments. Prior to his senior year of high school, he forfeited his final season of Amateur Athletic Union basketball to work under Pelosi. Sugiyama said he had scholarship offers from several mid-major programs, yet he saw the value in a USC education and decided to walk on and become a Trojan. Despite interning countless hours at JPMorgan this past summer, he found time to work out regularly and improve his game.In fact, it is not uncommon to see Sugiyama rolling down Trousdale Parkway on his longboard in a business suit on his way to a class presentation, only to see him a couple of hours later riding back in basketball attire on his way to practice.“You always have time management issues for the first two or three weeks of the semester as a student-athlete,” Sugiyama said. “After that you adjust, no matter how busy your schedule is. You have to.”Sugiyama’s contribution to the USC basketball program cannot be found in box scores. The 5-foot-10 senior guard has not scored a point for the Trojans, nor played more than six total minutes in a season.Yet Sugiyama, who has been a member of the USC basketball team longer than any scholarship player, commands respect. As Sugiyama sat on the couch recounting his USC career in the lounge area of the Galen Center locker room after a recent practice, teammate Eric Wise, just strolling past, joined the conversation to hear what his fellow senior had to say.“We all trust his opinion,” senior guard Jio Fontan said. “He has become our bench captain.”During practices, Sugi, as his teammates call him, frequently mentors younger players. The soft-spoken Winnetka, Ill., native provides calming instruction to his peers, which contrasted with former head coach Kevin O’Neill’s abrasive teaching style.“He knows exactly what we want as a coaching staff,” assistant coach Tony Miller said. “Sometimes the players might think we want something one way, but Sugiyama can pull them aside and show them what we are really trying to get done.”Sugiyama provides more than just knowledge of the game. In practice, he is regularly tasked with simulating an opponent starting point guard on offense and shadowing USC’s guards on defense.“He pushes me to get better,” Fontan said. “He does not back down. He is really aggressive on the defensive end, so you have to stay on your toes.”After graduation, Sugiyama is going professional, but not in basketball. He has a job lined up with financial services firm JPMorgan’s Treasury Services department in New York.If Sugiyama decides to cross back over into a career in basketball, however, his wide range of experiences with the Trojans should serve him well.“He is definitely a Wall Street guy but if he wants to pursue coaching, he has a coach’s mindset,” senior forward Renaldo Woolridge noted.Whatever path he chooses, Sugiyama’s impact on USC’s basketball team cannot be denied. In a season filled with turmoil, he has been a calming force among the seemingly constant change that has afflicted the program. For his part, though, Sugiyama has been able to keep the big picture in perspective.“Down the road it will not just be about practices and sprints every day,” Sugiyama said. “The hard work is going to be staying late and doing what you need to do to stand out among a group of people.”last_img read more