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First home buyers might disagree, but new report finds housing is getting more affordable

first_imgNew report finds housing affordability is improving. Picture: AAP/Dave HuntMore from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoData for Queensland showed the proportion of income required to meet home loan payments decreased to 26.7 per cent in the March quarter of this year — a 1.3 per cent drop compared to the previous quarter and one per cent less than a year ago.Nationally, the figure also dropped 1.3 per cent to 30.4 per cent.Adelaide Bank general manager Damian Percy welcomed the improvement, but said the country was still in the midst of a housing affordability crisis.“Recent measures by governments to assist first home buyers are similarly welcomed, but the reality is that it will take years for these policy measures to wash through the system and translate into meaningful price action,” he said.“Anything short of a national objective of halting house price inflation in Australia’s major population centres is underestimating the profound impact having some of the world’s most expensive houses in one of the world’s least densely populated nations is doing to the economic and social wellbeing of the nation.”Adelaide Bank general manager Damian Percy says regardless, we are still in the midst of a housing affordability crisis. Picture: Realestate.com.auJust over a quarter (26 per cent) of all first home buyers in Australia were from Queensland yet the number of loans to first home buyers in the state fell by 7.4 per cent.The average loan size to first home buyers was $291,367 — down 3.4 per cent over the quarter.The news isn’t as good for tenants in Queensland, with rental affordability declining slightly during the March quarter.The amount of income required to meet median rents in the state rose by half a per cent. First home buyers might be inclined to disagree, but one industry report has found housing is actually getting more affordable.The Housing Affordability Report, compiled by Adelaide Bank and the Real Estate Institute of Australia, shows an improvement in affordability nationally in the first quarter of this year.The findings are based on the amount of household income required to meet mortgage repayments.last_img read more

Unstoppable Zlatan nets hat trick in upset win over LAFC

first_img0Shares0000Zlatan Ibrahimovic proved to be unstoppable, scoring three goals as the LA Galaxy upset their top ranked rival LAFC 3-2 at Dignity Health Park © GETTY IMAGES NORTH AMERICA/AFP / Katharine LotzeLOS ANGELES, United States, Jul 20 – Zlatan Ibrahimovic lived up to the bravado on Friday, scoring all three goals to power the LA Galaxy to a hard fought 3-2 victory over MLS rivals Los Angeles Football Club.The unstoppable 37-year-old showed he’s still capable of astounding feats by dominating the smaller LAFC defence and scoring when it counted the most for his second career MLS hat trick. “When you play against a rival like that, in a full stadium, I get pumped. I get adrenaline. This is considered to be the biggest game in the league and I show up in the biggest games,” said Ibrahimovic.Ibrahimovic, who has a flair for the dramatic since the big Swede joined the MLS in 2018, boasted prior to Friday’s game that he is “by far” the best player in the league despite Carlos Vela’s superior stats.The pre-game hype was about the marquee matchup between Galaxy’s Ibrahimovic and LAFC’s Vela. The duo scored all five goals, but it was the Swede who delivered in the key moments, scoring in the eighth, 56th and 70th minutes.The Galaxy depend almost entirely on Ibrahimovic for offence and he thanked them with another hat trick performance against the top ranked team in the league.“I am in playoff mode every day,” said Ibrahimovic.Vela scored his league leading 20th and 21st goals in fourth and 97th minutes for LAFC, who were hoping to stake their claim to North American soccer supremacy with a win on Friday. Vela now has five more goals on the season than Ibrahimovic who is in second place.Vela opened the scoring with his 20th goal of the season by converting a penalty kick into the bottom left corner. Vela took a pass down the wing and Galaxy goalkeeper David Bingham came charging out of his net to trip him up.Ibrahimovic tied it up four minutes later with a spectacular right-foot shot from outside the box to the bottom right corner at Dignity Health Park in south central Los Angeles.While in full flight, Ibrahimovic took a high pass from Julian Araujo off his chest to his right foot. He volleyed it over the head of two defenders and let it bounce once on the turf before blasting it home from long range.He scored in the 56th minute on a header to give the Galaxy their first lead of the game. Ibrahimovic outleaped LAFC defender Jordan Harvey and lofted the ball from the right side of the box to the high centre of the goal and out of the reach of goalkeeper Tyler Miller.LAFC, who are on pace to break MLS records for points and goals scored this season, were controlling the offence around the hour point but all it took was one chance for Ibrahimovic to pad the Galaxy’s lead.Ibrahimovic blasted a left footed shot from outside the box to the right corner in the 70th minute to bring the Galaxy to 3-1. It was his 520th career goal across all leagues.– Testy contest –Mexican international Vela rounded out the scoring in extra time by right footing a shot home but Ibrahimovic’s heroics had already taken the fire out of the LAFC offence.Tempers flared in the hotly contested contest in the 73rd minute between LAFC’s Eddie Segura and the Galaxy’s Rolf Feltscher. After they came together, players from both teams joined in on the mainly pushing and yelling match.There were a total of eight yellow cards handed out Friday with five going to the Galaxy.0Shares0000(Visited 3 times, 1 visits today)last_img read more