Should the Fed Be Overhauled?

first_imgHome / Daily Dose / Should the Fed Be Overhauled? About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Fed Reform Proposals Federal Reserve 2016-04-11 Brian Honea Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: GAO: Keep an Eye on Nonbank Servicers Next: DS News Webcast: Tuesday 4/12/2016 Data Provider Black Knight to Acquire Top of Mind 2 days ago Should the Fed Be Overhauled? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Tagged with: Fed Reform Proposals Federal Reservecenter_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Stating that the Federal Reserve’s governance structure “no longer ensures that the Fed serves the public interest,” former Fed adviser Andrew Levin recommended in a recent letter four major steps to reform the U.S. central bank.Levin, now an economics professor at Dartmouth College, spent two decades at the Fed as an economist, including the last two as an adviser ending in 2012. In his letter, he said that the Fed’s transparency and accountability are “severely deficient, which impairs Congressional oversight and undermines the public’s trust in the Fed.” He further stated that now is the time to move forward with a “sensible, pragmatic, and nonpartisan approach to Fed reform that preserves its independence.”Levin’s plan to reform the Fed includes four key elements:The Federal Reserve must be a fully public institution. Levin said private bankers and Wall Street firms, who control two-thirds of the seats on the board of directors of each regional Fed, should not have such an extraordinary influence on Fed policy decisions and inner workings. Instead, Levin said, all of the regional Fed banks should be made fully public entities and the regional Fed directors should be representative of the public and the majority of them should be affiliated with small businesses and non-profits.The process of appointing regional Fed presidents should be transparent. Levin recommends that instead of being selected in secrecy, the presidents of the regional Fed banks should be selected by a process in which nominations are accepted from the public, a list of eligible nominees is published, and the public participates by offering input and feedback through various forums such as hearings.Set term limits for Fed officials. Some past Fed chairs and regional presidents have served for two decades or more. Levin recommends that all Fed officials, including the governors at the Federal Reserve Board and the regional presidents, should serve one non-renewable term of seven years. “This term of office will preserve the Fed’s operational independence while fostering good governance and accountability to the public,” Levin said.Align Fed transparency and accountability with that of other key public institutions. Levin said the Fed should be subject to external reviews and disclosure requirements, “just like every other key public agency.” Levin’s other recommendations include a regular annual review of the Fed’s policies, procedures, and operations published by the GAO; authority given to the Fed’s Office of the Inspector General to conduct investigation at all Fed banks and not just the central bank in D.C.; and a bipartisan commission to examine the overall structure of the Fed.Click here to view a copy of Levin’s letter.  Print This Post April 11, 2016 908 Views Demand Propels Home Prices Upward 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save in Daily Dose, Featured, Government, News Subscribelast_img read more

Jazz Sign Pair Of Players

first_img FacebookTwitterLinkedInEmail(Salt Lake City, UT) — The Jazz are adding some depth to the roster before the season begins. Utah announced that it has signed guard Trevon Bluiett and forward Juwan Morgan.Bluiett spent the past year on a two-way contract with the New Orleans Pelicans.Morgan spent this past season with the Indiana Hoosiers. Morgan played for the Jazz in the summer league. Written by Tags: Juwan Morgan/Trevon Bluiett/Utah Jazz Robert Lovell August 22, 2019 /Sports News – Local Jazz Sign Pair Of Playerslast_img read more

Visiting Instructor Psychology

first_imgSuccessful candidate will be required to contribute in teaching,and service at a level necessary to help the department functioneffectively. Successful candidate should demonstrate commitment tomentoring students. Must have excellent verbal, written andpresentation skills. Must be able to work with a diverse studentand faculty population. Must be able to use personal computers,Microsoft Office software and familiarity with various statisticalpackages commonly used in the social and behavioral sciences. Work Experience % FTE Education Open Until Filled (overrides close field)Yes Official TSU TitleVisiting Instructor Psychology Grant TitleN/A LPC – Licensed Professional Counselor. UA EEO Statement Hours of WorkTBA Desired start date Requires a minimum of three years of experience (five yearspreferable) as an instructor in a psychology program in a four-yearcollege or university. * Do you have a minimum of three years of experience (fiveyears preferable) as an instructor in a psychology program in afour-year college or university?YesNo Working/Environmental Conditions Hiring RangeCommensurate with experience. Security Sensitive Position?Yes Posting Details Requires a Master’s degree (M.A. or M.S.) from an accreditedcollege or university. Posting NumberTSU202233center_img Special Instructions to ApplicantsOpen to all applicants. Working conditions require following basic safety precautions.Physical demands include moderate physical activity that includesprolonged standing and/or walking, handling moderate weight objectsand/or using or carrying equipment. Work may require routinetravel. * Are you a LPC – Licensed Professional Counselor?YesNo Position Details Teaches classes in the Department of Psychology. Provides academicadvising for students in the department. Provides academic supportto students in the form of assessment, evaluation, and mentoring.Serves on college/school/ and university committees as required.Performs other job-related duties as required. Vary Position End Date (if temporary) Posting Supplemental QuestionsRequired fields are indicated with an asterisk (*). Required Licensing/Certification Close Date It is the policy of Texas Southern University to provide a workenvironment that is free from discrimination for all personsregardless of race, color, religion, sex, age, national origin,individuals with disability, sexual orientation, or protectedveteran status in its programs, activities, admissions oremployment policies. This policy of equal opportunity is strictlyobserved in all University employment-related activities such asadvertising, recruiting, interviewing, testing, employmenttraining, compensation, promotion, termination, and employmentbenefits. This policy expressly prohibits harassment anddiscrimination in employment based on race, color, religion,gender, gender identity, genetic history, national origin,individuals with disability, age, citizenship status, or protectedveteran status. This policy shall be adhered to in accordance withthe provisions of all applicable federal, state and local laws,including, but not limited to, Title VII of the Civil RightsAct.Manual of Administrative Policies andProcedures Essential Duties Summary Provides academic instruction on assigned Psychology classes andprovides advising and academic support to students in thedepartment. Will also perform faculty duties associated withservice to the department and college. Job Description Summary / TWC Summary * Do you have a Master’s degree (M.A. or M.S.) from anaccredited college or university?YesNo Knowledge, Skills, and Abilities Applicant DocumentsRequired DocumentsResumeCover Letter/Letter of ApplicationOfficial TranscriptsOptional DocumentsTeaching PhilosophyOther DocumentReference Letter 1Reference Letter 2Reference Letter 3last_img read more

Bake Off to hit the US?

first_imgAn American version of The Great British Bake Off, starring Mary Berry, is mooted to be on the cards. According to a report in The Sun, American broadcaster ABC wants Mary Berry to host an American version of the hit baking series.  “Bosses at ABC believe Mary is the secret ingredient that the first US version of the show was missing,” a US insider said to The Sun. “They’re about to start over here and there has even been talk about using the same marquee for filming.”Paul Hollywood appeared in a US version of the show called The American Baking Competition, which ran for one season.last_img read more

CloZee Returns To Thrill The Bay Area With Goopsteppa, Spoken Bird, GNOME

first_imgInternational shooting star CloZee returned to the Bay Area over New Year’s week, unveiling a thrilling ninety-minute set. The sold-out engagement was hosted by Wormhole Entertainment and Euphonic Conceptions, and took place at burgeoning Berkeley nightspot UC Theater. CloZee took the stage humbly and assertively, but her confidence and mojo were on display right away. She wasted no time getting down to business, uncorking massive takes on both her own wildly-popular tracks, and some seminal cuts from her favorite producers. Of course, she touched on some of her most popular original numbers, including “Koto” and “Secret Place”, and CloZee was sure to reveal a handful of phenomenal remixes of her own work, material re-imagined by her friends and peers in the industry. CloZee was joined by several performance artists who danced in front of her DJ console, offering acrobatic accompaniment, swimming in lights and lasers galore. words: B.Getz Earlier in the evening, sets from GNOME and Spoken Bird warmed up the capacity crowd at UC Theater. Before CloZee hit, the swollen Bay Area massive was treated to an otherworldly journey in sound captained by British Columbia’s prodigal son Goopsteppa. Like the headliner, this young Canadian lion has earned quite the reputation over the past few years, making waves for a potent brand of minimalist post-dubstep, always his own creation. Mixing in new tracks from forthcoming releases, amid beloved numbers from Blossoms and Through the Dark, Goopsteppa made sure his presence was firmly felt by way of a touch ever-so-soft; the producer’s soundscapes bathing in white light amid shadows and torrid dance routines. We can only hope Goop is invited back to the Bay Area soon, this time with his name on the top of the marquee. Instant classic sets from Envision Festival in Costa Rica, Electric Forest, and Suwannee Hulaween have cemented her status as a serious concert draw, and has proven herself deserving of the bold font. The seismic-buzz surrounding CloZee in both the electronic music culture and across myriad festivals has only been heightened in the wake of her most recent full-length LP Evasion, released to several rave reviews earlier this year. The French composer/producer arrived in fine form, delivering a non-stop adventure through song, emotion, and dance, gliding through melodies and energies harnessed from CloZee’s travels around the globe. Born Chloe Henry and hailing from Toulouse, in the South of France, CloZee’s been on the grind since releasing her debut record Ockefilms Soundtrack in 2012. For the better part of the last four years, hers has been a thunderous explosion to the top, and CloZee was recently announced on the 2019 Coachella lineup as well. CloZee is currently touring in support of Evasion, which dropped on October 5th of this year. When asked about what inspires her to create such resonant art, CloZee had this to say in a recent press release:“Traveling, landscapes, other art and artists. Many many things inspire me. All of my tracks have different stories, but the main ideas I’m trying to communicate are always positive, motivating; I want the listeners to love, feel at peace with themselves, and feel like they can overcome any challenges in their lives.”last_img read more

Siegfried’s annual ‘Day of Man’ raises money for the homeless

first_imgObserver File Photo Siegfried Hall residents participate in the 2017 “Day of Man.” The event, in which residents go about their day wearing shorts, t-shirts and flip flops on a cold day, benefits the South Bend Center for the Homeless.Senior and Siegfried Hall resident assistant Isaac Althoff is one of the event’s commissioners. This year‘s Day of Man is the twelfth iteration of the event.“One time, 12 years ago, there was a resident that forgot his coat while rushing to class. On his way to class he thought, ‘Wow, this would really stink’ … and naturally thought about the homeless,” Althoff said.Althoff said it was this one happenstance event that spurred the creation of the dorm‘s tradition. Althoff said the resident was so concerned about the homeless dealing with the harsh, cold conditions on a daily basis that he and his friends took up a collection. Now, 12 years later, the men of Siegfried continue this act of charity, walking around campus collecting donations in their red Solo cups.“[The cold] kind of hits you when you walk outside,” Althoff said. “Some people definitely dread it, but there’s also so much excitement about it. This is our big event for the year. It goes back to what is your motivation at that point. We can manage a seven-minute walk to class, we’re not going to die from that. It may hurt a little bit, but the motivation is there.”Senior Michael Hernick, another commissioner for the Day of Man, said the event is something the entire dorm looks forward to with anticipation. Hernick estimated that out of the 240 men that live in Siegfried, about 200 would participate. Since the event’s inception, Day of Man has raised over $100,000 for the South Bend Center for the Homeless.“Our donations have slowly risen every year and just two years ago we went from $14,000 to $23,000,” Hernick said.Junior and commissioner Patrick Davis has participated in the event since his freshman year. He said he was inspired to get more involved by the seniors who helped plan the event his first year.“I was inspired by what these guys had put together,” Davis said. “They were seniors at the time and they had been doing it for a couple of years and each year they would break the record for how much money they raised.”Every year, Siegfried residents can be easily spotted since they all sport the same T-shirt made specially for the signature event. This Wednesday, Siegfried residents can be seen trekking through the snow in bright pink.“The key aspect of this year’s shirt that we kept from last year’s event is a prayer on the back that is a dedication to the homeless and those in need,” Davis said.Davis said during his first year participating, he initially attempted to avoid the cold by walking into buildings. However, he said eventually the excitement and sense of unity took over.“The cold isn’t really a factor, I’m more so just excited to be out there raising money with my dormmates,” he said.Aside from walking around in shorts and T-shirts in the cold, Siegfried residents will also be standing in front of both dining halls during dinner times to collect money. They also have an online donation option and a Venmo account set-up.Althoff said when he walked to class Monday morning the temperature was 3 degrees below zero. He said the weather reinforces the importance of their event during this time of year.“Every person that does not have a home in South Bend needs to be inside, but this puts a strain on the center,” Althoff said. “This helps out a lot monetarily just so they can run on a daily basis in this extreme cold.”Hernick said after the event commences, the commissioners go to the South Bend Center of the Homeless to personally deliver the check for the money raised. He said Siegfried has an established relationship with the organization, and every weekend residents of the dorm volunteer for a few hours to help with the homeless center needs, whether it be serving meals or helping sort clothes.“They’re very grateful for all the work that we do, even if we don’t break the record,” Hernick said.Davis said this on-going relationship with the center is a major factor motivating residents to ditch their parkas for a day every year.“Realistically, any little bit helps,” Davis said. “Going out there and raising as much as we can is really enough for me. They don’t care too much about the numbers, they’re just thankful that we’re out there doing this for them and that really speaks to me.”Tags: cold, Day of Man, Siegfried Hall, South Bend Center for the Homeless Shorts, a shirt, flip flops and a red solo cup is not the ideal outfit for a day when temperatures are expected to hover around 20 degrees. Nevertheless, residents of Siegfried Hall will don these articles of clothing on Wednesday in spite of the cold.This unusual spectacle happens every February and is Siegfried’s signature event called “Day of Man,” an annual tradition where residents venture out into the cold in summer wear to raise money for the South Bend Center for the Homeless.last_img read more

Guatemalan Army Corps of Engineers Rebuilds Homes Destroyed or Damaged by Earhtquake

first_imgBy Dialogo August 26, 2015 I would like to proudly and passionately serve my country. I just don’t know how to get into the Army. Could someone here help me? I am from Tactic, Alta Verapaz Personnel from the Army Corps of Engineers responded the same day of the earthquake, rebuilding homes that had crumbled completely or were damaged in eight highly affected locations, including the departments of San Marcos, Quetzaltenango, Sololá, Totonicapán, Retalhuleu, Quiché, Huehuetenango and Suchitepéquez. On June 30, 2015, they delivered the last of the 5,011 houses they rebuilt. The temblor, which measured 7.4 on the Richter scale, destroyed 1,860 homes and damaged 3,412 others, primarily in the departments of San Marcos, Quetzaltenango, Sololá, Totonicapán, Retalhuleu, Quiché, Huehuetenango, and Suchitepéquez, according to the Guatemalan National Coordination Office for Disaster Reduction (Conred). The quake also destroyed schools and roadways. “We coordinated with local authorities to deliver the materials. We employed masonry workers and apprentices from those areas,” said Colonel Engineer Luis Miguel Ralda Moreno, a graduate of the General Staff College and the Commanding Officer of the Army’s Teniente Coronel de Ingeniería Francisco Vela Arango Corps of Engineers. “The officers were responsible for verifying that the plans were followed and the quality standards were maintained at each step. If one block were misplaced, the entire job would need to be redone.” Civilians whose homes were rebuilt praised the quality of the work because their quality of life has improved. Some had been living in adobe homes, and the Army Corps of Engineers built them more modern homes. Every year the group provides engineering support in about 2,000 projects to aid the community in building roadway infrastructure and carrying out controlled demolitions. Henry López is also proud of the house he received at the end of May, which he shares with his wife and five children, ages 15 years to five months. His greatest concern after the shock of the earthquake was not having anywhere to spend the cold nights at the end of the year. Now that he and his family have a new home, he says he will not change anything in the construction done by the Army Corps of Engineers. “And they didn’t leave until they completed the last house for the families,” he said. The Armed Forces of Guatemala have completed rebuilding 5,011 homes destroyed or damaged by the major earthquake that struck the country on November 7, 2012. The Corps of Engineers demolished damaged homes that had not completely crumbled but were dangerous to its inhabitants, as well as rebuilding the structures. To qualify for the assistance, families submitted paperwork to demonstrate they owned the property, as well as documentation declaring the home was uninhabitable. The new houses are made of perfectly aligned concrete blocks, iron, and sand, which serve as the base for the girt supporting the steel siding. The houses have two bedrooms, a living room-dining room area, and a kitchen, although most of the families opted to cook outside the houses. center_img The Army Corps of Engineers was founded on December 20, 1974. Two years after its creation the Corps assisted in clearing the rubble and rebuilding after the 1976 earthquake. Twenty-six-year-old Brenda Maldonado and her two children, whose home was also rebuilt by the Corps of Engineers, feel safer in their new house. Their previous home had fallen on its side and was full of cracks. “They (the Corps of Engineers) came to see that they gave us all the materials and they built the house well,” said 25-yeqr-old Zoila Dionicio Ramírez, who lives with her husband and three children in the house that the Corps delivered in June in the town of Esquipulas Palo Gordo, department of San Marcos. “The truth is it was very well done, no leaks in it, like before.” The family’s previous home was made of adobe and had a dirt floor. A critical response In addition to the primary construction, the Corps of Engineers also provided the homes with a full bathroom and a laundry room, and the infrastructure so the homes could receive water and electricity. Juan Carlos Ochoa, mayor of the town of Esquipulas Palo Gordo, said that the response from the Ministry of Defense was critical, because they arrived immediately after the disaster. “Thanks to them now we have a place to live. Ever since the earthquake, we’ve had to sleep at my mother-in-law’s house, and another time in a house we made out of plastic,” Ramirez said. Improved quality of life Since its inception, the Corps of Engineers has helped build more than 1,300 km of roadways throughout the country, especially for access to remote communities that were previously inaccessible, according to Colonel Engineer Ralda Moreno.last_img read more

Farewell independent Federal Reserve . . . hello modern monetary theory?

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Federal Reserve Open Market Committee (FOMC) April 29th meeting minutes, released this past Tuesday had one rather alarming comment.“Several participants remarked that a program of ongoing Treasury securities purchases could be used in the future to keep longer-term yields low. A few participants also noted that the balance sheet could be used to reinforce the Committee’s forward guidance regarding the path of the federal funds rate through Federal Reserve purchases of Treasury securities on a scale necessary to keep Treasury yields at short to medium-term maturities capped at specified levels for a period of time.”Regarding this comment, Stifel Fixed Rate strategist, Chris Ahrens noted,“The Fed engaged in this type of policy during the war years starting in April 1942 and continuing until February of 1951. In exercising this option, the Fed could be seen as committing to an unlimited expansion of its portfolio and a loss of control of the money supply. It could be seen as a surrender of monetary prerogative in the service of fiscal imperative, i.e., they give up some degree of independence to those making fiscal policy. The main risks are inflation and an explosion of the fiscal deficit, which is no longer facing the discipline of market demand.”last_img read more

TZG Opatija managed best and communicated in an emergency situation

first_imgOne of the successful examples is the Tourist Board of Opatija, which jumped most positively in communication during the covid19 crisis. Also, Opatija’s caterers and hoteliers decided to mark last month with a special “19 days of defiance” action.  Since the beginning of the crisis caused by the coronavirus, I point out that in a crisis situation, it is worst not to communicate. The importance of quality communication is always important, let alone in a crisis situation. “We have finally reached the moment when we can invite our guests to turn their dreams into reality and visit Opatija with the message ‘Visit Opatija Today’, ie ‘visit Opatija today””, Said the director of the Opatija Tourist Board Suzi Petričić. Dream today, visit Opatija tomorrow The entire campaign in this time of crisis for our tourism was done according to the PS that is expected from a well-known and large tourist community, ie destination. Nothing different or special – but the way it should be standard. Although our criteria are unfortunately very low, in this case the Opatija Tourist Board jumped the most and showed how to communicate in this crisis period. I would like to emphasize and praise the most, that the whole campaign was done meaningfully, from beginning to end. And not just one video, which certainly can’t be called a campaign. Visit Opatija today, is the slogan with which the online campaign of the Tourist Board of the City of Opatija has reached its peak. Over the past months, the Opatija Tourist Board has continued daily contact with past and future visitors to the city, presenting the most attractive segments of the local offer.  Photo: Pixabay.com As well as the collaboration with the phenomenal project Outdoors Croatia, authored by Ante Tonči Fabris, who made a real small revolution in the promotion of active tourism in Croatia. I’m surprised that Fabris hasn’t already filmed (which not all destinations called him for collaboration) everything that is filmed in Lijepa naša, because he has a unique and great story. 19 DAYS OF DEFENSE – ACTION OF OPATIJA CATERERS AND HOTELS While we watched other destinations communicate in this time of crisis for the tourism sector, in Croatia we were relatively late with the narrative “StayHome, TravelLater” and few destinations reacted at all. The new phase of the campaign was launched with the release of the video “Dream come true, visit Opatija today” which shows the beauties of the city followed by the voice of Opatija’s Martina Majerle in English. Separate video postcards will be published for the Slovenian-speaking area with the narration of Metka Bradetić and the German-speaking area for which the text will be read by Alex Tessin.center_img “Through the cycle of Taste of Opatija publications on our digital channels, we presented catering facilities that hold the prestigious reputation of Opatija as a top gastro destination, and these announcements also met with very positive reactions. Significant comparative advantages of Opatija are the proximity to the most important emitting markets, the invaluable combination of sea and mountains in a small area and the immense opportunities that open up for staying and active holidays in nature, as well as the segment of health tourism that boasts centuries-old tradition. Of course, the campaign highlights the important sights of Opatija and the rich tourist history of the hotel industry, but also the surroundings and hinterland of Opatija with an emphasis on local producers of indigenous products “Feel & Taste” which are an important part of creating a tourist experience.”, Concluded Petričić.  The video was shot in Croatian, but also in English, German and Slovenian. What should be the standard today, not textually, but with a narrator in foreign languages. If, of course, we are addressing foreign tourists, ie certain key markets. Finally a video with a narrative according to the situation, which was not recorded by a mobile phone and is not a classic mosaic video, in which images or dry shots of the sea and drone shots are exchanged. Finally a video with the story, even in the then depressed situation for tourism. That was my reaction when the video Dream today, visit Opatija tomorrow had its premiere. And finally, now is the time for positive energy, targeted campaigns, to be different and to stand out in the crowd, because there will be a terrible noise in communication. / / / NOW IT’S TIME TO BE DIFFERENT AND TELL A STORY In recent weeks, the Opatija Tourist Board has been promoting Opatija’s gastronomy, but also its natural beauty. In order to better present the outdoor opportunities in the area of ​​the Opatija Riviera to domestic and foreign visitors, cooperation was established with the well-known Croatian portal Outdoors Croatia. Two videos recorded on Učka, which represent the Land Art Trail and the Gift – Soldier Trail, attracted exceptional interest and tens of thousands of views in just a few days. Until June 1, the vast majority of restaurants and hotels in Opatija are offering their visitors special benefits, tailored to the offer and type of premises – from a discount on certain services to a general discount of a symbolic “Kovid” 19 percent. With the symbolism of number 19, they wanted to express defiance of the pandemic and faith in a better coming period. Dream come true, visit Opatija today! 19 DAYS OF DEFENSE – ACTION OF OPATIJA CATERERS AND HOTELS The campaign took place in three phases: the first called for dreaming about a vacation, the second for planning a vacation in Opatija, and the third was finally coming to the “cradle of Croatian tourism”.last_img read more

Stadium kick starts city fringe

first_img1/44A Hubert St, South Townsville.CITY fringe suburbs near the under-construction North Queensland stadium are experiencing price growth and homes are selling quicker as the project progresses.According to the latest Core Logic figures median prices have increased in South Townsville, Railway Estate and West End while all properties in all three suburbs are selling much quicker than the Townsville average of 63 days.Agents are reporting that as the stadium begins to take shape, it’s driving interest in the surrounding homes and house hunters are wanting to buy within walking distance. Explore Property sales associate Annette Rowlings specialises in Townsville’s city fringe suburbs and said the project was driving buyer interest and sales.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“People are starting to realise that the stadium is coming to fruition and number at open houses have increased over the last 12 months,” she said. “We are usually getting multiple bidders at auctions and we’re also getting properties selling prior to auction.“Those areas around the stadium have definitely become more desirable because buyers know more infrastructure is coming once the stadium is built.”In South Townsville CoreLogic figures show that in the three months up until April 2018 the median house price has risen 1.5 per cent to $345,000 while units have gone up 9.6 per cent to $307,000. During the same period prices in Railway Estate have gone up 4.11 per cent and are taking an average of 34 days to sell while in West End median house prices grew 4.5 per cent in the last 12 months and are taking 53 days to sell.Ray White Julie Mahoney owner Julie Mahoney recently sold a three bedroom home at 1/44A Hubert St in South Townsville in 11 days for $360,000.She said buyers were not just wanting to buy in suburbs like South Townsville and Railway Estate for the stadium, but the likely future development it would bring.“We’ve noticed in South Townsville young buyers are looking around the stadium but it’s not solely about the stadium but the continued infrastructure it will bring and the potential for capital growth,” Ms Mahoney said.“There has been some movement in units as well. We’ve sold five units in Railway Estate in very quick succession and that would indicate there is interest in and around that area.last_img read more