Watch The Disco Biscuits Perform “Cyclone” At Last Year’s Dominican Holidaze [Pro-Shot]

first_imgSetlist: The Disco Biscuits | Dominican Holidaze | Punta Cana, DR | 12/1/16Set One: Floes, King of the World-> Cyclone-> Little Betty Boop (inverted)-> Run Like Hell-> Spraypaint Victory (ending only)Set Two: Spraypaint Victory-> Digital Buddha (inverted)-> Confrontation (inverted)-> Morph Dusseldorf (ending only) On December 1st of 2016, The Disco Biscuits helped kick off Dominican Holidaze, the tropical vacation turned music festival in Punta Cana. Now, the festival has released new pro-shot footage from the festival’s first night featuring the Philly-born jamtronica outfit. The new video shows The Biscuits tearing up “Cyclone,” a track that was situated in the first half of the Biscuit’s first set after set opener “Floes” and a direct transition from “King of the World.” You can watch the video and check out a setlist from The Disco Biscuits’ Holidaze performance below.last_img read more

Hayley Jane Welcomes Members Of Twiddle, moe., & More At The Adirondack Independence Music Festival

first_img***Tickets Are On Sale Now!***Brooklyn Comes Alive is now offering single day tickets, as well as a ticket payment plan for as low as $30/month. When checking out, just select “Monthly payments with Affirm” as your payment method. To find out more about ticketing, VIP options, and lodging, head to the festival website.[cover photo by Marcy Duniga] Hayley Jane & The Primates had an action-packed performance at The Adirondack Independence Music Festival in Lake George NY on Sunday. Their 75-minute set welcomed a multitude of special guests, including members of Twiddle, moe., Mike Gordon Band, and Funky Dawgs Brass Band. The first surprise of the set came during “Mama” and “Man Acrylic,” featuring Mike Gordon Band percussionist Craig Myers. Later on in the set, Mihali Savoulidis of Twiddle and Vinnie Amico of moe. came through for an extended version of “I Can Do It,” which you can watch in the video below. To close the set, Funky Dawgz Brass Band saxophonist Tommy Weeks added flavor to “Make It Alright.”Setlist: Hayley Jane & The Primates | The Adirondack Independence Music Festival | 9/3/17In My Mind, We Found Out, Garden Of Eden, Mama*, Man Acrylic*, Lose You, Cosmic Katrina, I Can Do It**, Hurricane Jane, Make It Alright***, Madeline > Creatures*w/ Craig Myers on percussion**w/ Mihali Savoulidis on guitar and Vinnie Amico on drums***2/ Tommy Weeks on saxophoneHayley Jane brilliantly heightens the energy when she joins a band as a special guest, and that was proven continuously throughout the day at The Adirondack Independence Music Festival. Hayley Jane joined Barika for an improvised version of Rob Base‘s “Joy And Pain,” Gratefully Yours for a soulful rendition of “Tennessee Jed,” and closed out the festival with Twiddle for a cover of “What I Got” by Sublime.Check out Twiddle’s set below, as uploaded by edmund.edwards:Hayley Jane is hosting a sold-out music/yoga retreat called “Unleash Your Wild Woman” this weekend in Vermont. Hayley Jane and The Primates perform next at Wormtown Music Festival in Greenfield MA. The band’s new album, We’re Here Now, drops on September 29th.For fans of Hayley Jane and Vinnie Amico, don’t miss them at this month’s Brooklyn Comes Alive on September 23 & 24. Hayley Jane will lead a tribute to female rockers of the 1990s, dubbed Bitch!, where she’ll be backed by Tim Palmieri, Chris DeAngelis, and Adrian Tramontano from Kung Fu and Richard James of Pink Talking Fish. Hayley Jane will also join Jason Hann (String Cheese Incident) and Todd Stoops (RAQ, Electric Beethoven) for a wild drum-and-keys project, dubbed Oktopus.Brooklyn Comes Alive Announces Supergroup Formations, Daily LineupsVinnie Amico will participate in a tribute to the Allman Brothers Band, alongside his bandmate Al Schnier, Scott Sharrard (Gregg Allman Band), Nate Werth (Snarky Puppy, Ghost Note), GAB bassist Brett Bass, with special guests Eric Krasno (Lettuce, Soulive), Rob Compa (Dopapod), Roosevelt Collier, Brandon “Taz” Niederauer, and more. Vinnie and Schnier will also be teaming up with Mike Gantzer, Dave Loss, Evan McPhaden, and Rob Houk of Buffalo’s Aqueous for an unforgettable set of moe. songs, Aqueous songs, and choice covers, dubbed “moe.queous.”Inspired by the vibrant musical communities of Brooklyn and New Orleans, Brooklyn Comes Alive is set to take place across three venues in Williamsburg, Brooklyn (Brooklyn Bowl, Schimanski, Music Hall of Williamsburg) on September 23rd and 24th. The unique homegrown event puts the focus on the musicians, curating dream team collaborations, tributes, and artist passion projects for two full days of incredible music both new and old.The 2017 lineup is set to include hand-selected band lineups featuring all-star musicians like John Scofield, George Porter Jr. (The Meters), Bernard Purdie, Joel Cummins, Ryan Stasik, and Kris Myers (Umphrey’s McGee), Aron Magner and Marc Brownstein (The Disco Biscuits), Mike Greenfield and Jesse Miller (Lotus), Jason Hann (String Cheese Incident), Alan Evans (Soulive), Cyril Neville (Neville Brothers), Henry Butler, Jon Cleary, Michael League, Chris Bullock, Robert “Sput” Searight, and Bob Lanzetti (Snarky Puppy), Jennifer Hartswick and Natalie Cressman (Trey Anastasio Band), and scores of others!last_img read more

A church rises again

first_imgHAYNEVILLE, Ala. — One afternoon this week, George Thampy ’10, a chemistry concentrator, joined four other Harvard undergraduates on a low scaffold at a nearly completed church in this small south-central Alabama town. Their task was to screw a heavy wood panel onto the rafters.Thampy stretched both arms wide. When the board still wobbled, he did what any good Harvard student would: He used his head.The Mather House senior won’t always be working on scaffolds. After graduation, he plans a career in finance. But this week he is one of 22 Harvard undergraduates using their Alternative Spring Break to do finishing work on a new Hayneville Church of Christ. The original burned down, an arson target, in 2008. Said Thampy, “I’m irrepressibly happy to be here.”Marcel Moran ’11 (from left), George Thampy ’10, Nworah Ayogu ’10, Rachael Goldberg ’12, and Kennedy Mukuna ’12 offer numerous helping hands.The Harvard workers are along on one of 10 domestic public service trips sponsored this year by the Phillips Brooks House Association (PBHA). They made the 21-hour drive to Alabama in three PBHA vans.Along the way, Emmett Kistler ’11 stopped in his native New Jersey to renew his license so he could help with the driving. “For us, this is grounding,” said the Eliot House junior. “You get down here, and it’s revitalizing.”There’s more, too. “Before I got here, I didn’t know how to swing a hammer,” he said.“It’s fun to do something tangible,” said Marcel Moran ’11, one of four co-leaders on the Hayneville trip. “It’s using your brain in a whole new way.”This week, students are tackling a wide range of construction work, painting, staining, tiling, putting up sheet rock, installing siding, and building scaffolds. “We’re at the finishing steps of this church,” said Moran, a pre-med student on his third service trip. “So precision is the key.”There were three volunteer experts on site Tuesday (March 16). “We do the work,” said Moran, “but they’re showing us how to do it.”Standing nearby in the carport was William “Bill” Gorsline, an Illinois information technology consultant and volunteer carpenter. “They send us pretty talented kids,” he said of the PBHA workers. “They can’t get enough of this. They want to learn it all.” He was working with two other experienced construction mentors, Joe Piekos and George Holtz.Gorsline, who volunteers on behalf of St. Isidore Parish in Bloomingdale, recognizes that other kinds of learning are going on too. He took his own children on a work trip to the Gulf Coast following Hurricane Katrina. “They were in tears for the whole week, “ he said.Joseph Gaspard ’12, a government concentrator, was cutting tile on a wet saw. It buzzed and whined, and a cloud of mist shot from the back. “This is more hands-on than I’m ever going to get,” he said. Careful and intent at the saw, Gaspard wore an Adams House T-shirt, old jeans cinched with kneepads, safety glasses, and a dust mask.This is better than a standard break, he said, because, “I’ve done the whole sitting-on-the-beach thing before.”Will Quinn ’10 of Winthrop House braced his feet and lowered a portable cement mixer into a 5-gallon bucket. It was his second PBHA alternative spring break trip, he said, but his first time using a cement mixer. Quinn pressed the trigger, and a sheet of gray slurry sloshed over the wrists of Trevor Bakker ’10, who had crouched to steady the bucket.Bakker has applied to Oxford, where he plans to pursue a one-year master’s degree this fall before embarking on a career of human rights law. Meanwhile, he is learning how to lay tile. Does that compare to studying governments? “Certainly, there is little room for error in tiling,” said Bakker.This is the 12th PBHA service trip Tim McCarthy has directed, all in the South and all to rebuild churches. McCarthy, who is a lecturer on history and literature, works with Harvard students from the Phillips Brooks House Association’s Alternative Spring Break program.Tim McCarthy ’93 looked in on the cement mixing. This is the 12th PBHA service trip he has directed, all in the South and all to rebuild churches. McCarthy, a big man in a tails-out white shirt and a ball cap, is a lecturer in history and literature and public policy at Harvard and director of the Human Rights and Social Movements Program at the Harvard Kennedy School’s Carr Center.He started taking such trips as a graduate student at Columbia University. “I was really transformed by the experience, and found my herd, so to speak,” said McCarthy.In the spring of 2001, he led Harvard’s first Alternative Spring Break trip, and has since squired hundreds of undergraduates — “some of Harvard’s best souls,” he said — on similar work trips. “I’m on my own spiritual journey,” said McCarthy. “This is part of it.”There is time on these trips for intellectual engagement too. At one point, McCarthy stood in the unfinished carport for an animated conversation with three students. “We were trying to solve the affirmative-action problem,” he said later of the discussion, while heading back to work. “Now we’re going to put up a ceiling.”To get to Hayneville, population 700, you drive down Lowndes County Route 26. Two lanes of blacktop cut through a screen of sticklike trees hung with Spanish moss. Just beyond the trees are placid creeks, pale yellow dirt driveways, neat doublewides, sparkling ponds, and rolling acres of pasture for goat, cattle, and horse farms.But Hayneville wasn’t always a crossroads in picture-book farmland. It is a former Ku Klux Klan stronghold, 20 minutes by car from Montgomery, the first capital of the Confederacy. It is a few minutes south of where the Selma protest march broke the back of Jim Crow segregation in 1965.Before then, said 57-year-old Martin McCall Sr., “I was scared to come to Hayneville because of the KKK. We got people shot right in the street here.”McCall, pastor at Hayneville Church of Christ, said most church burnings in the South even today are racially motivated. But the 2008 fire that burned down the old church was “a break-in that went bad,” he said, set by a black man later convicted of the crime.“They saved only the front porch,” said McCall of local firefighters, who kept running out of water. “It was horrible to watch.”Building a new church  — brick and wood, like the old one — has cost about $260,000 so far, said McCall, a mason and carpenter who did much of the work himself. Insurance money helped, but so did $100,000 donated by local residents, “white and black,” he said.The PBHA volunteers help too.“I’ve never seen anything like this,” said McCall. “It’s like the angels from heaven came down and blessed the congregation.”last_img read more

Social Work Students Determine Homeless Youth Count Methods

first_imgSeven Saint Mary’s seniors in professor Frances Kominkiewicz’s social work class will be assisting the Youth Service Bureau of St. Joseph County in its research  concerning the best possible way to determine the number of homeless youths in the South Bend area. The students are seeking out and contacting agencies who can provide information on youth, and in turn finding ways to better count homeless youth, Kominkiewicz said.“If we are unable to effectively locate the homeless youth, we will be unable to determine their specific needs and then work at meeting those needs,” Kominkiewicz said. “This research has great importance to the community as well as nationally by finding the best practices to locate homeless youth.”Students conducted qualitative interviews to learn more about the methods of local and national agencies for counting homeless youth, what services had been provided to the youth and what legal procedures were part of the process, senior Meghan Thornton said.“The individuals and organizations/agencies were selected because they are indirectly or directly in contact with the homeless youth around the nation,” Thornton said. “They are the experts in this field. They all have one goal in mind and that is ending the homeless youth population.”Senior Kelly Key said she and her classmates are aware of the fallibility of these research methods. Other agencies have run into problems conducting similar surveys, including double counting, trying to locate the homeless youth, volunteer bias and the length of the survey, Key said.Thornton said working in tandem with the Youth Service Bureau will help her and her classmates determine how to find the best methods of research, as well benefit the growing homeless population in the surrounding community by raising awareness.“Youth homelessness is a growing concern in the United States,” Thornton said. “… There are approximately 1.6-2 million homeless youth in the United States.”Senior Kelly Crooks said she interviewed four of the 11 confidential informants and was responsible for writing literature reviews and researching lifestyles of homeless youth. The Saint Mary’s students also learned how to complete an IRB proposal and analyze data — valuable skills in the social work field, Crooks said.“This process was extremely valuable for me,” Crooks said. “I think it prepared me well for what I will experience in graduate school.”Research is one of the 10 competencies required for the social work major, Kominkiewicz said.“We are teaching students social work research methods on a graduate basis since the research methods course can be used to meet graduate social work requirements,” Kominkiewicz said. “Students must be able to be producers and consumers of research. To most effectively achieve this, students need to actually have an opportunity to conduct community-based research.”As a former member of the research committee at the Youth Service Bureau, Kominkiewicz said she recognizes the significance community-based research has in higher education.“The Youth Service Bureau of St. Joseph County has served as a Social Work field practicum site for many years with Shotunus Peterson serving as the field instructor,” she said. ”Shotunus and the Youth Service Bureau have always worked with us, and have consistently been at the forefront of social work education.”Key said the research began in November and its findings will be shared with the Youth Service Bureau of St. Joseph County in December.“I hope that our research project will educate the South Bend community and that the community will become aware of this growing issue,” Key said. “I also hope that this will help promote Youth Service Bureau and all of their services that they provide for the community.“The more information we have on counting and serving homeless youth, the better Youth Service Bureau will be able to serve them, thus bettering the community. We desire to publish this study to contribute to the greater research community, so more individuals and organizations can utilize this information.”The Youth Service Bureau will be working with the SMC college community as well as other community resources to locate volunteers.For information on how to volunteer at The Youth Service Bureau contact Christina McGovern at 574-235-9231 or christina.mcgovern@ysbsjc.org.Tags: social work, Youth Service Bureaulast_img read more

Chautauqua County DMVs Remain Closed Amid Confusion From Albany

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) WNY News Now Image.JAMESTOWN – The date when DMV locations in Chautauqua County will reopen to the pubic still remains unknown.Chautauqua County Clerk Larry Barmore says that even though New York State Governor Andrew Cuomo announced last week that DMVs in the state would reopen last Tuesday, he says that only applies to state-run locations.“They opened on Tuesday to do drop box and mail-in work as the county operated DMVs have been doing all along,” said Barmore in a news release. “There are no in-person visits allowed in New York State.”The Clerk says currently vehicle registrations can be renewed by drop box or mail as well as plate surrenders and new vehicle registrations. When DMVs re-open, he says they those services will continue to be done remotely.Services that require an in-person visit, like CDL testing, licensing, driver’s license renewals and upgrades are currently unavailable.The Clerk says that when reopening happens, in-person visits will require an appointment.“We have already been told by NYS that permit testing for Class D licenses will not be available until a later time,” said Barmore. “Driver’s licenses that have expired on March 1, 2020 or later are extended indefinitely so there is no need to worry if your license has already or is about to expire. You can renew your driver’s license online if you desire.”He says those who need to get an eye test should have the results sent to DMV electronically.“If you received a license renewal in the mail, you can mail it to the state, but the eye test form enclosed must be filled out by an optician,” furthered Barmore. “The federal government has announced that New Yorkers will not need a Real ID compliant license to fly domestically until October 1, 2021.”Currently, the local DMV is under orders to work at 40% staffing, so the Clerk asks residents to be patient when mailing or placing drop box requests.He says when the locations are ready to re-open for in-person visits, the news will be announced on the local DMV Facebook page.last_img read more

Brazilian Air Force E-99 Planes Undergo Modernization

first_imgBy Andréa Barretto/Diálogo May 04, 2017 E-99 planes were used during Pope Francis’s visit to Brazil in 2013, and they were also employed in the 2014 World Cup, and the 2016 Olympic Games. Now they are in service in one of the largest air defense operations ever conducted by the Brazilian Air Force (FAB, per its Portuguese acronym), Operation Ostium. “These are extremely strategic planes for the FAB, because they enable us to extend our decision-making capability further. “In relative terms, it’s as though the E-99 were an advanced aerial CINDACTA,” Brigadier General Márcio Bruno Bonotto stated, comparing the plane’s surveillance capability with that of the Integrated Air Traffic Control and Air Defense Center (CINDACTA, per it’s Portuguese acronym), which are ground-based FAB units that monitor and control air traffic across Brazil. Brig. Gen. Bonotto is president of the Coordinating Committee of Combat Aircraft Program, which operates in the aeronautics re-engineering area, and is at the forefront of the fleet modernization process of five Early Air Warning and Control aircraft, called E-99s. He stated that the first of them to be withdrawn from operation is now at Embraer’s facilities. Embraer is the Brazilian company responsible for fulfilling the FAB’s modernization contract. In the city of Gavião Peixoto, in the interior of São Paulo state, the plane’s electronic warfare, command-and-control, electronic countermeasures, radar, and air defense systems are being upgraded. “The body on our E-99 planes is quite new, but the sensors wear out and become obsolete more rapidly due to technological advances,” Brig. Gen. Bonotto explained, discussing the reasons that justify the need to modernize the planes. It is projected that work on this first unit will be completed in early 2019, and that by 2021, all five planes will have their capabilities upgraded. Through this process, it is anticipated that the equipment can be used for two more decades. “When this kind of modernization is done, folks expect that it should be useful for 15 to 20 years, because it is a very large financial investment,” Brig. Gen. Bonotto asserted. The E-99 planes are flown by the Guardian Squadron, headquartered in Anápolis, in the state of Goiás, due to its strategic location. “From that city, it is possible to deploy rapidly to any point in Brazilian territory,” the FAB Public Affairs Office stated. Systems and capabilities When they began development in the 1990s, today’s E-99 planes were called R-99A. R-99s, then called R-99Bs, were also acquired in that era, according to information from FAB Public Affairs. Both models were commissioned to integrate the Amazon Surveillance System equipment set, a branch of a larger program, the Amazon Defense System, whose purpose was to defend and guarantee Brazil’s sovereignty over that region of the country. The first E-99 aircraft units were delivered to the FAB in 2002, and they initially focused their operations on the Amazon region, but the FAB later saw that they could be used in many other missions due to their high sky-scanning capacity. What distinguishes the E-99 model is its antenna attached to the upper part of the fuselage. This radar is important for overcoming the deficiencies of fixed radars, which often have blind spots due to a bulkhead that limits their view. “Radar is nothing more than an electronic eye. If something is covered up, people can’t see it. This plane increases our capacity to defend our airspace because it’s mobile; our personnel place the radar at the location and distance where it’s needed,” explained Brig. Gen. Bonotto. The radar on the E-99 currently has coverage of over 300 miles. By upgrading the equipment, its range capacity can be doubled, exceeding 600 miles. “This may vary according to the target’s profile and altitude. If the radar detects a fighter plane, what we see is a small image,” Brig. Gen. Bonotto stated. “But if it’s a larger plane, our personnel are able to identify it from a greater distance, because the object has a larger profile. For some target profiles, the radar will be capable of doubling its range with this upgrade.” The FAB’s five E-99 airplanes will also have their electronic warfare, command-and-control, and electronic countermeasure systems upgraded. “Electronic warfare systems are technologies that prevent another aircraft from interfering in our data reception,” explained FAB Public Affairs. Similarly, electronic countermeasure systems are capable of preventing an opponent from jeopardizing the progress of a mission. “For example, if my opponent interferes with my radar so that I can’t see what it’s showing, he is using electronic measures. I have to be able to block his action. That’s why we use what are called electronic countermeasures,” Brig. Gen. Bonotto clarified. Command-and-control systems are those that “cause the information to flow from the highest decision-making level down to the executor,” according to Brig. Gen. Bonotto. “Command and control is, in fact, the capacity to manage what is occurring and be able to make the correct decisions at the right time,” he concluded. Planning systems When it was signed in 2013, the modernization contract for these five E-99 units was estimated to be an investment of about $137 million. This figure included the acquisition of six mission-planning and analysis systems. This equipment enables step-by-step operational planning and the transmission of all that data to the aircraft’s systems. Additionally, it allows everything that happens during the flight to be logged for later review and analysis by the crew. E-99 airplanes come equipped with this capability, but now it will be improved and used in the service members’ training.last_img read more

Jean Chatzky: Find the high yields

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr How’s this for a riddle? What’s high yield, liquid and low risk? Nothing, you’re probably thinking — not in this market, anyway.But, in fact, a checking account may be the answer. According to new Bankrate research, the average high-yield checking account pays 1.66 percent. And Bankrate found 20 checking accounts that pay an interest rate of 2 percent or more. The accounts are offered by banks and credit unions, and nearly half are available nationwide.With the average 5-year CD yielding 0.86 percent, high-yield checking might appeal to you as a savings alternative. Locking your money up in a CD when interest rates are poised to increase in the not-too-distant future might be unappealing, as well. In fact, one of these checking accounts may well be an offer you can’t refuse, but first you should consider the fine print — and alternatives. Read on. continue reading »last_img read more

How I learned to stop worrying and love the Co-Op

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » I graduated from college during the Great Recession. The financial meltdown gifted me and my friends with no job prospects, significant student loan debt, and four years of constant worry. Many of my friends left with a diploma in hand but with no job offer. Sadly, not many of them were up on the news and didn’t realize the extent to which the global financial meltdown would impact their futures.I had always known about credit unions — my mom has been a member of hers since before I was born — but I began to truly understand what makes them different when I witnessed their recovery efforts after the economic catastrophe of the late aughts. For that, I will forever be loyal to my credit union.Like what you’re reading? There’s more where that came from. A subscription to Callahan provides the right mix of content and data insights to help your organization grow. Learn more.That being said, I have a hard time convincing my friends to leave their big banks, or even consider a credit union for a car loan or mortgage loan, for several reasons:last_img read more

Impact Investing Institute to launch programme to woo pension funds

first_imgIn 2020, the Impact Investing Institute, an independent non-profit launched in November in London, will initiate a programme to woo the pensions sector.The usually cautious pension trustees have not always been receptive to finance embedding environmental, social and governance (ESG) factors, such as impact investment. Run by a group of impact investment advocates, the institute considers this a misjudgement, suggesting pension savers show strong desire for sustainable investments.“More and more people want to use their pensions and savings in a way that benefits society and the environment, as well as making a financial return”, stated chief executive officer Sarah Gordon, quoting a 2019 survey of 6,000 people by the UK government.Pension funds, she suggested, are missing a major opportunity due to their size. “We’d like to mobilise big pools of capital, such as defined contribution pension funds, to increase their impact,” said Gordon. To achieve its objective of growing the impact investment segment, the organisation will strengthen and more clearly define the concept. This, it describes as investment with the intention to improve social and environmental issues while achieving a financial return. Impact investments, it said, must be accountable for delivery as well as measurable.Prioritising standards construction and improving reporting are key to safeguarding against questionable claims and cultivating the sector, Gordon said. “Not enough of these investments have intent or accountability. The danger of this lack of precision is one reason we’ve brought the institute into being.”Nonetheless, the organisation faces several obstacles: returns are often considered too low for pension funds endeavouring to meet liabilities; difficult to scale up; and illiquid due to long-term commitments – all viewpoints the institute challenges. “One clear benefit from impact investment is liability matching for pensions through projects such as wind farms and social housing”, Gordon noted.To counter these views while raising confidence, the organisation plans to deploy a group of pension ambassadors. “Some pension funds are more advanced in this area. We will translate knowledge from the pioneers in pension funds to those not yet aware.”It will also build a bigger evidence base to broaden awareness on investment returns, for instance.“Many impact funds show a satisfactory three-year track record but no study has yet been made of returns in the impact universe as a whole”, said Karen Shackleton, director of Pensions for Purpose, an initiative collaborating with the institute.New UK and European Union ESG disclosure rules have bolstered the institute’s proposition, improving pension transparency and driving ESG. “This is about getting investors to reconnect with the purpose of capital”, Shackleton said.last_img read more

The QLD suburbs where house prices outperform in a downturn

first_imgBrisbane’s recession-proof suburbs have been revealed. Picture: Darren England.BRISBANE’S recession-proof suburbs have been revealed, with some of the city’s most overlooked middle and outer areas poised to lead a housing market recovery in the wake of COVID-19.Suburbs such as Macgregor, Mount Gravatt East and Moorooka could rebound faster from the present downturn than the traditionally bulletproof blue-chip suburbs.Data provided by CoreLogic showed the performance of capital city and regional housing markets three years after the global financial crisis (GFC) and identified the suburbs that outperformed despite the economic shock.This house at 153 Splendour Rd, Rochedale, is for sale. Rochedale home values rose 14 per cent post-GFC.Property Investment Professionals of Australia chairman Peter Koulizos said the best-performing suburbs post-GFC in Brisbane were mostly located in outer suburbs.Home values in Rochedale, 17km southeast of Brisbane’s CBD, rose more than 14 per cent in the three years between December 2008 and December 2011 — the best performing housing market in the city post-GFC.The housing market in the neighbouring suburb of Macgregor was also resilient during the period, with home values rising more than 9 per cent at the end of 2011.Interestingly, home values in the south Brisbane suburb are also tipped to recover strongly from the COVID crisis.This house at 500 Mains Rd, Macgregor, is for sale. Home values in Macgregor rose 9 per cent post-GFC.Alderley, 7km north of Brisbane’s CBD, was an exception to the outer suburb trend, recording a 9 per cent rise in median house prices during the downturn.Mr Koulizos said the suburbs likely to recover fastest from the current downturn were likely to be middle-ring suburbs that offered more affordable property prices than their inner-city counterparts, but with a similar standard of facilities.Those suburbs could include Kenmore, Macgregor, Moorooka, Mount Gravatt East and Stafford, he said.This house at 70 Mornington St, Alderley, is for sale. Alderley home values rose 9 per cent post-GFC.“Across Greater Brisbane, with the potential increase in people who work from home, the outer regions will also be on the radar of buyers and investors,” he said.“This will partly be due to affordability considerations, but also lifestyle factors such as being closer to the water in the Redcliffe or Redlands regions or the chance to live on acreage in parts of Logan or Ipswich.“The Gold and Sunshine coasts are also set to strengthen from local and interstate buyers who decide to prioritise lifestyle and opt to make a sea or tree-change sooner rather than later.”This house at 6 Robinson Rd, Moorooka, has just gone under contract.But Mr Koulizos said it was “impossible” to forecast exactly which suburbs would fare better than others post-pandemic.“It’s vital to always consider the underlying fundamentals of a location when investing in property for the long-term, such as infrastructure and access to schools and amenities,” he said.CoreLogic head of research Tim Lawless also believes suburbs within Brisbane’s middle and outer ring, at the lower end of the price spectrum, are likely to rebound the strongest after the pandemic — particularly those close to main arterial roads and train stations.This house at 19 Shannan Plc, Kenmore, just sold for $1.9 million.Mr Lawless said transport options in a suburb was often a driver of stronger capital gains.“As a legacy of COVID, it may be the case that more people are seeking lower-density housing options,” Mr Lawless said.“Many of the areas with a relatively affordable price tag are located further from the city where transport into the city centre may take some time, although commuting times may be less of a priority if there is lasting willingness from employers to allow staff to work remotely.”This five-bedroom house at 90 Carrara St, Mt Gravatt East, is for sale. Mt Gravatt East has been tipped to bounce back from the current recession.Mr Lawless said Queensland’s housing market recovery post-COVID would be slightly different to the GFC.“After the GFC, interest rates were coming down from higher levels, but we can’t do that now, so we won’t see the stimulating factor of interest rates falling because they are already super low,” he said.“The economy at the time was also benefiting from the mining boom. There was strong demand from China for resources and that had a substantial postive impact on regional Queensland in particular.“Where the similarity is much more appropriate is that it was a time when there was a lot of stimulus in the market, particularly for first-home buyers, and that’s something we should expect going forward.”CoreLogic head of research Tim Lawless.Mr Lawless said it was likely more housing incentives would be announced in the upcoming federal budget, which would apply to newly constructed homes and first-home buyers.“With that in mind, areas that will probably show a better performance coming in to next year are those popular with first-home buyers and those benefiting from people looking to build new properties,” he said.The best Queensland regional performer in the wake of the GFC was Moranbah, which recorded a 33 per cent surge in home values between December 2008 and December 2011.“Areas such as mining towns, where economic conditions are dependent on a single industry, are much more likely to experience bursts of price rises or falls because of the strength or weakness of their dominant industries,” Mr Lawless said.“While many of these mining regions recorded spectacular capital gains post-GFC, a few years later many of these same regions recorded a crash in home values.”More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoFIVE BRISBANE SUBURBS SET TO LEAD THE RECOVERY POST COVID-19Suburb Median home valueKenmore $731,648Macgregor $764,910Moorooka $671,281Mount Gravatt East $666,321Stafford $643,843(Source: PIPA/CoreLogic)BRISBANE’S TOP 5 RECESSION-PROOF SUBURBS POST-GFCSuburb % change in home values Dec 2008 to Dec 2011 Dec 2011 Median ValueRochedale 14.1% $1,006,729Macgregor 9.4% $521,145Alderley 9.2% $528,021Shorncliffe 8.8% $589,049McDowall 8.5% $543,464(Source: CoreLogic)last_img read more