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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

Boy, 8, drowns in river

first_imgBACOLOD City –A boy who was believed to have drowned was found dead in Malabong River inBarangay 2, Ilog, Negros Occidental. According topolice investigators, the boy went into the deep portion of the river whiledoing laundry with her mother. The 8-year-oldresident was found lifeless by rescuers around 10:50 a.m. on March 14.center_img He was rushedto the Lorenzo Zayco District Hospital in Kabankalan City where the attendingphysician declared him “dead on arrival.”/PNlast_img

The Latest: NYRA to allow some owners inside Saratoga

first_imgThe Denver Broncos are telling season ticket holders that Empower Field at Mile High won’t be at full capacity this season because of the coronavirus outbreak and face masks will be required if local officials allow a limited number of fans to attend games to maintain social distancing.The Broncos told season ticket holders in a memo that they’ll get priority for any single-game tickets that are sold this season whether or not they opt for a full refund for 2020 or a credit for 2021.The team’s ticket office will contact season ticket holders about game and seat availability after local capacity guidelines are established, according to the memo sent Wednesday.The memo also outlined enhanced safety precautions at the stadium in addition to face masks and social distancing requirements, including cashless concession options, touchless bathroom fixtures, sanitation stations, and “the latest air purification technology.”–Arnie Stapleton reporting from Denver. ___USA Hockey has called off holding its world junior summer showcase, set to be held in Michigan in two weeks.With 44 players invited, the event was part of USA Hockey’s selection process in determining its team to compete at the world junior championships in Alberta in late December.Without citing the coronavirus pandemic, USA Hockey executive John Vanbiesbrouck said it was in everyone’s best interest to cancel the event.___ The athletic department says a final decision will be made after conferring with medical experts, the school’s leadership and the Big Ten Conference, along with government officials and agencies.Michigan’s policies include the elimination of season tickets for the 2020 season. Paperless tickets will be available for individual games to only season ticket holders, not the general public, if there is a season and spectators are given access to the 107,601-seat Michigan Stadium.___The Tennessee Volunteers report multiple positive results for COVID-19 after the university ran a batch of tests last week.The tests were conducted after the Fourth of July holiday weekend. A spokesman confirmed Wednesday that the positive tests spanned “multiple sports.” The Latest: NYRA to allow some owners inside Saratoga ___Notre Dame isn’t selling single-game football tickets through its usual lottery this year due to the coronavirus pandemic.School officials sent an email to alumni saying that they couldn’t offer single-game tickets or parking for 2020 home games “given the uncertainties surrounding the upcoming season and our commitment to maintaining physical distancing in all of our venues.”Notre Dame officials said they were working on a seating plan that “will greatly reduce our capacity” as they try to incorporate distancing measures to keep spectators as safe as possible.___ Tennessee previously had two basketball players test positive, with both clearing quarantine. A graduate assistant for the football team tested positive and was quarantined for 14 days.Tennessee is bringing athletes back to campus in phases, with football the first to return on June 8.Josiah-Jordan James, a sophomore guard on the basketball team, spoke to reporters last week about how tough it was seeing two teammates test positive for COVID-19. He said that drove home the seriousness of the pandemic and the need to follow all the safety precautions even when he doesn’t feel like wearing a mask.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports ___The Ohio Valley Conference announced Wednesday that it has postponed the league’s Virtual Football Media Day scheduled for Monday. The OVC says it plans to reschedule for a date closer to the start of the season, which is slated for Sept. 3, a Thursday night.The conference’s meetings were held virtually in June for the first time in league history.___ July 15, 2020 ___The Head of the Charles Regatta is going virtual because of the new coronavirus, only the second time since 1965 that the two-day rowing event has been canceled. The competition scheduled for October will instead go virtual, allowing rowers to take part by racing a 2.9-mile (4.7 km) course on their own bodies of water using a GPS device, or on an ergometer.The Head of the Charles is the world’s largest two-day rowing race, with 11,000 competitors from around the world.The race was also canceled in 1996 during a rain and wind storm. Del Mar has canceled racing for the upcoming weekend after 15 jockeys tested positive for COVID-19. All the track’s riders and personnel who work in the jockeys’ room were tested a day earlier by San Diego County public health officials at the request of the Del Mar Thoroughbred Club. Of the 15 positive tests, all were believed to be asymptomatic.Contact tracing procedures are underway. All but one of the riders who tested positive rode at the recently concluded Los Alamitos meet in Orange County. The mass testing was ordered by the track after jockeys Flavien Prat and Victor Espinoza tested positive. They are both quarantining at home.The track isn’t identifying any of the other riders. However, some have confirmed their own cases. The New York Racing Association says the size of an ownership group will be limited to eight people who possess a license per horse. The application to attend must be received 24 hours in advance in order to reduce density and adhere to social distancing guidelines.Owners will have their temperatures checked and be required to wear a face covering.A limited number of owners will also be allowed in the track’s stable area if they provide a negative COVID-19 test result within seven days of a request. Any owners planning to travel to Saratoga from states listed on the New York travel advisory must quarantine for 14 days.Saratoga opens its summer meet on Thursday. The Green Bay Packers say they won’t admit fans to any training camp practices or preseason home games due to the coronavirus pandemic.This also applies to the annual Packers Family Night, an annual event that features a practice and other activities. The Family Night event will still take place at Lambeau Field and will be televised statewide, though the date and time haven’t been announced yet.Plans regarding attendance for regular-season games haven’t been announced yet. Season ticket holders have the of opting out of the chance to buy tickets this year without losing control of their tickets for next season.The Packers have already conceded their regular-season home games will have a “significantly reduced” capacity, if there are any spectators at all.___ The Philadelphia Eagles won’t be allowed to have fans in the stadium if the NFL plays games this season. The city banned all large public events that require public permits through February 2021. Teams will be permitted to play without fans in Philadelphia.The Phillies will host the Miami Marlins next weekend when the major league baseball season begins.___The University of Michigan says fewer fans, if any, will attend games at “The Big House” if the Wolverines play college football games this year. ___City of Philadelphia officials have clarified their ban on public events, opening up the possibility the Eagles would be allowed to have fans in the stadium if the city changes its rules before or during the season, assuming the NFL plays games this season. The city on Tuesday banned all large public events that require public permits through February 2021. Teams will be permitted to play without fans in Philadelphia.The Phillies will host the Miami Marlins next weekend when the major league baseball season begins.___ Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___A limited number of owners will be allowed at Saratoga on the day that their horse is entered to race. Associated Press The Baltimore Ravens won’t have fans at their training camp this summer because of the coronavirus pandemic.The team announced Wednesday that it will adhere to NFL/NFLPA protocols that prohibit fans from attending practices, even if state and local government regulations would eventually permit them to do so.Since 2011, up to 2,000 fans a day have attended camp at the team facility in Owings Mills, Maryland.Ravens president Dick Cass said the team believes the decision is in the best interest of the public and the organization.The defending AFC North champions have not announced the starting date for training camp, which usually begins in late July.last_img read more

Potential US investors hear about unique benefits of the Northwest

first_img‘Ireland North West is exceptionally well placed as an investment hub for business and global companies seeking to establish a gateway to both the UK and EU markets’ – that was the key message shared with potential investors in both Philadelphia and Boston last week.Focused engagements with industry specialists, FDI executives and venture capitalists took place over the week in both cities presenting a compelling investment proposition that the northwest city region has to offer.The trip is part of the Trade and Investment mission led jointly by Donegal County Council and Derry City and Strabane District Council. Potential investors heard from leading global company DuPont which has a longstanding commitment to the region. The company DuPont takes advantage of the unique combination of benefits that the Northwest region has to offer including an accessible, connected and business friendly gateway region with a compelling vision for greater international impact.Meeting of industry specialists with the Ireland North West delegation in Philadelphia last week during the delegations visit to the US.Investors learned that companies and businesses are attracted by a talented and educated workforce, the value balance, the superb quality of life and the supportive business environment.Cathaoirleach of Donegal County Council Cllr Seamus O’Domhnaill led the delegation along with Cllr John Boyle Mayor of Derry City and Strabane District Council.Cllr O’Domhnaill said he believes that these types of engagements are essential if we are to raise the profile of the region as an investment location. “Having these key influencers and potential investors in a room focusing on the northwest region and sharing with them our vision and ambition as well as the practical supports and assistance available to businesses in the region is vital. There is no better way to build meaningful connections and relationships than face to face engagements,” Cllr O’Domhnaill said.Mayor of Derry City and Strabane District Council Cllr. John Boyle and Cathaoirleach of Donegal County Council Cllr. Seamus O’Domhnaill meeting with Chancellor of University of Massachussetts Katherine Newman during delegations visit to Boston last week.Mayor John Boyle said he believes that “the strength of the region is underpinned by the strong collaborative approach which sees industry, government at both central and local level and further and higher education institutions from both sides of the border working together to fuel further economic growth and prosperity. This is something that investors value greatly in terms of facilitating ease of access to supports in the region”.Local businesses from a range of sectors from across both Council areas also participated in the mission, meeting with potential clients and business partners with a view to increasing sales and expanding their businesses.Derry based Bridie Mullin Irish Linen Ltd. participated in the mission and brought her eponymous label of handcrafted quality Irish line to Boston in an effort to tap into the US market.Bridie explains that the trade visit was an opportunity to build on her own research and to visit stores and meet with potential clients getting a deeper understanding of what exactly the customer is looking for. It also allowed her to get an insight into the potential costs associated with exporting and logistics assisting in finalising price points for trading. As well as companies from the North West, the trip also involved third level and further education providers and development organisations including Ulster University, Letterkenny Institute of Technology, North West Regional College and Udaras na Gaeltachta.An important part of the trade and investment mission involved engagement with educational institutions with a memorandum of understanding being signed by the North West Regional College and Philadelphia Community College and the State of Pennsylvania that sees the consolidation of relationships developed over the last two years.Samantha Traynor, Vice Principal of the North West Regional College who also participated in the Trade and Investment Mission explained “the MoU represents the first step in building and consolidating a partnership through education and training with a specific focus on sharing best practice in Work Based Learning to include Traineeships, Apprenticeships including Higher Level Apprenticeships and also the continued professional development of our respective professionals in our workforce.”Signing of MoU between North West Regional College and Philadelphia Community College and picture includes Samantha Traynor Vice Prinicipal of NWRC, Mayor of Derry City and Strabane District Council Cllr. John Boyle, Cathaoirleach of Donegal County Council Seamus O’Domhnaill, John Kelpie, Chief Executive Derry City and Strabane District Council and Seamus Neely, Chief Executive Donegal County Council, Stephen Gillespie, Derry City and Strabane District Council, Paul Hannigan, President of Letterkenny Institute of Technology and John Andy Bonner, Letterkenny Institute of Technology along with representatives from Philadelphia Community College.The week saw the announcement by both Councils of an exciting research project with Harvard Graduate School of Design exploring how the cross-border northwest city region can be shaped in light of the economic, political and social realities of Brexit and this project is being led by Assistant Professor Gareth Doherty in Harvard GSD who is originally from Donegal. Reaching out to the diaspora was a key objective of the mission and this manifested in events in both Philadelphia and Boston. Members of the diaspora from across the region attended and shared with the delegation the opportunities and challenges faced by the diaspora and their commitment to continue to engage in a way that is meaningful and mutually beneficial.The Cathaoirleach of Donegal County Council also had the honour of accepting on behalf of Donegal Hospice a cheque of $14,000 raised by the Donegal community in Philadelphia.Donegal Association of Philadelphia present cheque of $14,000 to Donegal HospiceSeamus Neely, Chief Executive of Donegal County Council, said: “this Trade and Investment Mission is part of the ongoing positive work being done by both Councils.“We are committed to continuing with the positive work we are doing to drive forward our economy and to maximise the opportunities we have as a cross border gateway to both the UK and EU markets.“We have longstanding connections with Philadelphia and Massachusetts and these connections transcend economic, cultural and political linkages. The Golden Bridges conference has provided the Northwest region with an important platform in the Massachusetts region allowing us to reach out, connect with and form meaningful relationships and collaborations with stakeholders in various sectors that have been instrumental in progressing growth and prosperity in the region,” Mr Neely said.Breakfast meeting hosted by the Ireland NorthWest delegation with FDI executives and potential investors in Boston last weekJohn Kelpie Chief Executive of Derry City and Strabane District Council explains that “it takes time to make connections, develop relationships and build trust. Our ongoing positive engagement with Massachusetts has to date resulted in a number of exciting developments including the investment and success stories around One Source Virtual and Metaverse.“Results such as these are part of our key objectives and are evidence that our direct approach of travelling to the US, making those connections and building rapport, really works.”Potential US investors hear about unique benefits of the Northwest was last modified: November 19th, 2018 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more