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Sales numbers may have slowed, but there is still property price growth in the regions

first_imgProperty prices on the Sunshine Coast, where this home at 7 Longcove Place, Peregian Springs is for sale, are on the increase. Picture: realestate.com.auPROPERTY sales numbers have dropped off in the past year with a new report revealing a slow down in four of the five major regions.The latest CoreLogic quarterly regional market update for September found that dwelling sales fell in four of the five regions in the year to August 2017 with the Gold Coast experiencing the biggest drop – down by 8.7 per cent.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by Transactions numbers were also down in Townsville, – 6.3 per cent, Cairns, – 5.3 per cent and the Sunshine Coast – 2.6 per cent.Sales numbers remained stable in the Wide Bay region.While sales numbers may have dropped some regions still recorded significant increases in values. The Sunshine Coast was the best performer with values for houses up 7.1 per cent and unit values up 5.3 per cent.Gold Coast house and unit values both increased by 6.9 per cent and in the Wide Bay house values went up 1.1 per cent and units were up 0.1 per cent.Cairns only had small increases in values, houses were up 0.2 per cent and units were up 0.4 per cent, while Townsville was the only region in which values fell for both houses, down 2.8 per cent, and units, down 0.6 per cent, in the year.Download the report HERElast_img read more

US ruling allows Martinez Sampedro family full disclosure on Codere investors

first_img Related Articles Codere records 10X losses seeking vital lifeline  May 28, 2020 Codere secures €250m credit lifeline on aggressive interest rates  July 14, 2020 Connecticut’s District Court has granted the Martinez Sampedro family a major concession in its ongoing legal dispute against Grupo Codere SA’s US debt-holders, upholding the family’s ‘discovery demand’ against Silver Point, Contrarian and Abrahams Capital hedge funds.Securing its Connecticut demand, the Martinez Sampedro family – enterprise founders of Codere – will be able to access all information related to the US hedge funds refinancing of the bankrupt Spanish gambling group undertaken between 2014 and 2016.As previously declared, Martinez Sampedro representatives intend to use its US demand in relation to the family’s corporate governance dispute being undertaken through Spain’s Capital Markets Commission (CNMV).“The decision to go to the Justice of Connecticut responds that it is in this State where the registered office of Silver Point and another of the funds demanded is located and the authorization marks an unprecedented procedural milestone in Spain,” detailed a Martínez Sampedro statement.A bitter two-year legal challenge sees the Martinez Sampedro family assert that US debt-holders led by Silver Point had failed to follow proper corporate control procedures in its €1 billion restructure of Codere, as deal stakeholders had ‘purposely bypassed’ recommending a takeover offer to founders once they had gained 30% control of the gambling group.Furthermore, the family states that its executive voting rights had been restricted during the period despite maintaining 18% of Codere’s shareholding, branding illegal the appointments of Vicente Di Loreto as new Group CEO and Norman Sorensen as Executive Chairman.This August, a CNMV filing disclosed that Codere governance had withdrawn outright the board representation of brothers’ Jose Antonio (former President) and Luis Javier (former VP) at the firm’s AGM. Codere avoids total collapse with 12-month credit line  June 22, 2020 Submit StumbleUpon Share Sharelast_img read more