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

TRIBUTES TO BRIGHT, FUNNY, BEAUTIFUL GEORGIA AFTER HER DEATH IN CAR CRASH

first_imgGeorgiaTRIBUTES are being paid today by a community numbed by the death of Georgia Doherty, the 13-year-old who died in a car crash outside Derry yesterday.Georgia, a soccer player with both Redcastle FC and her school Moville Community College, was killed and her older sister Lisa was seriously injured in the accident near the Tamnaherin Road junction of the Glenshane Road yesterday evening.Lisa is being treated at the Royal Victoria Hospital in Belfast for serious injuries. She is in a critical condition. Lisa was driving her wee sister home after a day out in Belfast when the incident happened.The road was closed for eight hours whilst the emergency services attended the scene.Today her friends at Moville Community College paid tribute to the girl, remembering how she had been always smiling, always beautiful and always having fun with them and her family members.“Always with a laugh and a smile and a joke. Always with enough energy to take on 12 football teams and beat them all. The perfect wee girl,” said one friend today in a tribute. Georgia excelled at sport, a keen soccer player she had also started to play gaelic football and was already being seen as a future star in both codes.She had recently helped adults – including her dad – learn how to dance for a charity Strictly Come Dancing event.Another friend said she had a heart of gold; “always smiling, always having fun”.School friends of Georgia were being comforted today at Moville Community College. TRIBUTES TO BRIGHT, FUNNY, BEAUTIFUL GEORGIA AFTER HER DEATH IN CAR CRASH was last modified: February 23rd, 2015 by John2Share 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) Tags:car crashdeathGeorgia DohertyInishowenmovilleredcastlelast_img read more

South Africa improves performance in annual Nation Brand Index

first_imgJohannesburg, Thursday 8 December 2016 – Brand South Africa today welcomed South Africa’s improved performance in the annual Nation Brand Index.  South Africa now stands at 35 of the 50 nations assessed.  This is an improvement of three places from the 2015 Nation Brand Index.Speaking about the results, Brand South Africa’s CEO Dr Kingsley Makhubela said, “South Africa’s improved performance can be attributed to improved perceptions of our governance, immigration and investment, and people.  This speaks directly to the work we are doing as a country in implementing the National Development Plan and programmes like Invest South Africa.”“In addition, our Nation Brand continues to be admired for our unspoiled natural beauty, with 13 nations ranking South Africa in the top 25 countries being assessed.  Moreover, we are recognised internationally for our efforts to preserve the environment.  In this regard, South Africa moved up 6 places to stand at 29th of 50 nations.  This resonates with the brand of the country as a good international citizen.“Our sporting prowess continues to impact positively on perceptions about the country.”“Furthermore, an increased desire of global citizens to live and work in South Africa, concern for equality in society, and academic reputation help drive the larger than average gains for South Africa’s Immigration and Investment reputation this year.”“As we conclude 2016, we can take pride in the strides our Nation Brand has made in its performance in this and the World Economic Forum’s Global Competitiveness Index.  In both indices, we have seen South Africa build on improvements from previous years.  We can say with confidence that our country is going in the right direction as a globally competitive Nation Brand,” concluded Dr Makhubela.South Africa’s performance on the pillars of exports, culture, and tourism remains remains unchanged from 2015.Notes to the EditorThe NBISM measures the images of 50 nations with a randomised sample of 20,445 respondents. Respondents are asked to rank a countries image, power and appeal of a nation across various dimensions.The NBISM consists of six dimensions: Exports, Governance, Culture, People, Tourism, and Immigration/ Investment. Of these dimensions, Exports, Governance, Immigration/Investment are considered a country’s hard performance measures; whereas Culture, People and Tourism are considered a country’s soft powers.About Brand South AfricaBrand South Africa is the official marketing agency of South Africa, with a mandate to build the country’s brand reputation, in order to improve its global competitiveness. Its aim is also to build pride and patriotism among South Africans, in order to contribute to social cohesion and nation brand ambassadorship.last_img read more