Cooling market, better affordability ahead for Queensland homebuyers

first_imgQueensland is tracking quite well on the affordability front. Picture: Brendan Radke.HOME loan affordability has increased across Queensland while the Brisbane property market has cooled to more sustainable growth, according to the PRDnationwide’s Australian Economic and Property Report 2017 released today.The report showed Brisbane’s median house price grew an average of 1.5 per cent in the first half of 2017 but growth had slowed from an increase of 7.1 per cent in the year to May 2016, to 4 per cent in the following 12 months.PRDnationwide national research manager Dr Diaswati Mardiasmo said it signalled a return to usual, more sustainable levels of strong growth that the Australian market was experiencing prior to the property boom.“Affordability is the key issue and (Queensland) is tracking quite well in that sense,” Dr Mardiasmo said.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours ago“People can still access quite a lot of suburbs under $500,000, which is not the case in Sydney and Melbourne.”She said “the Brisbane rate of income growth was disproportionate to (residential property) price growth”.“Over the past 10 to 15 years growth had tracked around 5 per cent, which was in line with our wage and income growth. So the fact that we’re still growing at 4 per cent is great because we’re still seeing that capital growth but it’s more sustainable.”Across the state, the Queensland regional markets recorded growth of 4 per cent in the first half of 2017, the highest increase of the three main states (NSW, VIC and QLD) and third highest nationally.The PRDnationwide report also found Brisbane rental vacancy rates held steady at 3 per cent and median rents had increased by 1.3 per cent.Dr Mardiasmo said the vacancy rates were the right side of healthy and the rental change was much more affordable compared to other capital cities, so it was good news for investors and tenants alike.Home loan affordability in Queensland increased by 3.6 per cent annually to March 2017, the report found. Nationally the proportion of family income needed to meet home loan repayments decreased from 31.7 per cent to 30.4 per cent and the proportion to meet rent payments decreased from 25.1 per cent to 24.6 per cent in the same time.last_img read more

Regrets? If you’re a parent, you’ll have a few

first_imgSydney Morning Herald 21 Sep 2012Do you find yourself looking at your children and feeling a tinge of sadness that you didn’t make more of the time you had together while they were still young?You’re not alone. The majority of parents have a long list of regrets with the average parent regretting five things about their child’s early years, according to a new survey.The biggest regrets parents admit to are working too much, constantly worrying about the little things, not playing with their child more often, not going on more holidays, not capturing enough moments on camera and spending too much time away from them, according to a UK survey of 2,000 parents by Huggies Little Swimmers. The survey also revealed more than three quarters of parents have at least one regret during their child’s first few years while two thirds of parents admit they would do things differently if they could relive the period again. Seven out of ten parents admitted they took their youngster’s childhood for granted, with more than two thirds saying it is easy to forget they won’t be young forever.http://www.smh.com.au/lifestyle/life/regrets-if-youre-a-parent-youll-have-a-few-20120920-268y2.htmllast_img read more

Pair of Trojans to transfer

first_imgIn a span of three days, two USC players have announced their intentions to leave the program despite a recent 10-win season.Redshirt freshman wide receiver Kyle Prater confirmed Monday night he would transfer after arriving at USC in spring 2010 as an early enrollee. Prater’s announcement came soon after sophomore tailback Amir Carlisle obtained his release to transfer to Notre Dame.Change of scenery · Freshman redshirt receiver Kyle Prater announced Monday he will transfer to either Northwestern or Wisconsin. – Carlo Acenas | Daily Trojan“I will be transferring,” Prater said via Twitter. “I love my teammates, SC, my fans, athletic staff. Will always respect the coaches. God Bless.”In two seasons with the Trojans, Prater was limited by nagging injuries, redshirting as a freshman in 2010 compiling just one reception for six yards last season.The Illinois native, who was rated as the No. 3 overall prospect in the class of 2010 by Yahoo! Sports’ Rivals.com, will transfer to either Northwestern or Wisconsin, according to a report appearing in the Chicago Tribune on Tuesday. Because of NCAA rules, Prater will be forced to sit out the 2012 season should he transfer to a Football Bowl Subdivision school, but will be eligible to play in 2013 as a redshirt junior.“He needs to be around his support group, and that’s his family,” Prater’s mother told the Tribune. “It will be either Wisconsin or Northwestern. I made sure he kept his academics up. He may have had other issues, but I made sure of that first and foremost. He will get his degree.”Carlisle will transfer to Notre Dame, sitting out next season per NCAA rules, USC confirmed Monday.The second-year tailback was similarly plagued by injuries in his first and only season with USC.He appeared in five games, rushing for 118 yards on 19 carries and racking up seven receptions, including one for a touchdown in a 42-17 victory at Colorado on Nov. 4.“This definitely was a family decision,” his father told the South Bend Tribune on Saturday. “It wasn’t just an Amir decision. We felt as though Notre Dame would be the best fit for him for the next four years.”Last March, his father, Duane Carlisle, became the director of sports performance at Purdue, located in nearby West Lafayette, Ind.The younger Carlisle considered Notre Dame during his recruiting process last January before eventually signing with USC.Other players, such as senior defensive end Armond Armstead and redshirt junior wide receiver Brice Butler, are reportedly considering transferring as well. Since both players graduated in December, they will be able to transfer and to play immediately.Armstead redshirted last season after not obtaining medical clearance to play after being hospitalized with an undisclosed medical condition last March.Because of NCAA sanctions, USC can carry no more than 75 scholarship players next season.last_img read more