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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

Rarotongan competition runs out of creativity

first_imgSnapchat streakers: trading 10 seconds of nudity for 5 days in paradiseStuff co.nz 13 January 2017Family First Comment: The competition promoters should be “a little more creative, and a lot more family-friendly.”A sudden burst of nude streaking around the country has been revealed as a promotional stunt organised by a self-styled social media ‘daredevil’.Up to 17,000 people around New Zealand are claimed to have signed up for the stunt and stripped off in public in the last few weeks for a chance to win a trip to Rarotonga.Photos of the streaks have peppered social media, either posted by those in the buff to prove they took part, or uploaded by startled members of the public who came across their cheeky stunts.While some saw the funny side, Family First’s Bob McCoskie said there was a time and place for nudity, and it was not on our main streets, beaches or in public where families and children could see it.“These ‘show-ponies’ should be told to cover up and go home,” he said.McCoskie said the competition promoters should be “a little more creative, and a lot more family-friendly.”READ MORE: http://www.stuff.co.nz/auckland/88373193/snapchat-streakers-trading-10-seconds-of-nudity-for-5-days-in-paradiseKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Cox gets lead back twice for Cottage Grove checkers

first_imgBy Ben DeatherageCOTTAGE GROVE, Ore. (May 9) – Getting to the front of the IMCA Xtreme Motor Sports Modi­fied field at Cottage Grove Speedway Saturday evening was the easy part of Kinzer Cox’s drive to victory lane.Staying in front was the hard part.The hometown clipper had to regain the lead from Gus Cooper on the 12th and 16th laps to gain the victory.Ryan Baker set the early pace, giving way to Jason Kocks on lap four. Kocks suffered mechanical is­sues shortly afterwards, however, giving the position back to Baker.On lap five, Cox took over and tried to set a rapid pace. Three cautions prevented him from constructing a large lead. Cooper got by Cox on lap 11, but Cox took the position back the next time around.Cooper was in the lead when the next lap was scored but lost the point again on lap 16. Cox stayed out in front the rest of the way for his first victory of the season. He’s the third different IMCA Modified winner in as many events at Cottage Grove Speedway in 2015.last_img read more