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

Kingsbarns usurped by sharp Qewy

first_img “He won his maiden in Navan last year very well and he probably didn’t go on the quick ground in the summer. He went on that ground very well,” said McDonogh. “You’d have to like him there. He might run well in the Gladness Stakes (at the Curragh next month) or something like that.” Kingsbarns was not the only high-profile Aidan O’Brien horse to flounder in the difficult conditions as Johann Strauss also had to settle for minor honours earlier on the card. Runner-up in last season’s Racing Post Trophy, the 4-5 favourite could finish only third after a troubled run in the Ross Nugent Foundation Maiden. One of O’Brien’s Classic prospects, he was held up as stablemate Illusive and Le Troisieme Gris set the pace. Joseph O’Brien made his move early in the straight and went for a gap on the inside but it was closed by Kevin Manning on the eventual winner Fiscal Focus (5-2). Jim Bolger’s colt just held Boqa by a nose, with Johann Strauss a never-nearer third, another length and three-quarters away. “He got through the ground but we won’t know how good he is until he gets better ground,” said Bolger. Kingsbarns could finish only third as Qewy made all of the running to spring a surprise in the Heritage Stakes at Leopardstown. “He’s a good sort – I like him and I think he has prospects. “He doesn’t lack toe and it’s possible he could come back in trip too.” The narrowly-beaten Boqa, is trained by Tommy Stack, who took the Bulmers Live at Leopardstown Summer Racedays 2014 Fillies Maiden with the newcomer Waltzing Matilda (3-1) under Wayne Lordan. The daughter of Danehill Dancer is likely to return to the Dublin track for the Derrinstown Stud 1,000 Guineas Trial on May 11. Stack’s son and assistant, Fozzy, said: “They didn’t go much of a gallop and it turned into a sprint which wasn’t ideal. “She wants a mile and a quarter – she’s quite nice but she’s still big, raw and green. She can only improve. “I was going to enter her in the Athasi Stakes but I thought it was a bit short for her. “She’ll probably come back here for the Guineas Trial.” The 2012 Racing Post Trophy winner held every chance but could not get to the John Oxx-trained 11-1 outsider of five in the rain-softened ground. Qewy kept pulling out more for Declan McDonogh and got the verdict by three-quarters of a length from Pop Art, who took second spot from 4-6 favourite Kingsbarns. Press Associationlast_img read more

Roberto Martinez confident the rewards will come for Everton’s open approach

first_img The last three games have been particularly disappointing, with Everton held to draws by Bournemouth, Crystal Palace and Norwich. Martinez said: “It’s not the time to look at the table. We are disappointed with the amount of points we’ve dropped in the last three games, because that’s the way we see it. “You need to see through that and understand that we’ve been very consistent in the last six games we’ve played in the league. “You saw fantastic signs – some of our attacking play has been exceptional – and now is a period that we need the support of our fans and everyone at our football club to try to develop a little bit of knowhow in managing that outstanding attacking play that we’ve shown in order for it to be reflected in scorelines. “That’s what we have to do from now until the end of the season. If we do that, we’ll end up with the points that our football deserves.” Everton have been very good in front of goal, with their tally of 29 only bettered by Manchester City and Leicester. But the Toffees’ defence has been too leaky for Martinez’s liking, and it is the manner in which they are conceding that is frustrating the Spaniard. Against Bournemouth, Everton scored what appeared to be a winner in injury time only to concede again, while they failed to press home their first-half dominance against Norwich and paid the price. Martinez said: “We need to get through a period where we learn and we understand what’s needed. “One thing is becoming a real force of being able to break teams down and take the main role of the game and getting on the ball and being really dominant and positive. “The other aspect is managing the game and there are moments that you have to be able to get through without being punished too much and, at the moment, we’re being heavily punished. “We’ve conceded in situations where we should manage that a little bit better. That’s part of the process of becoming a strong team and becoming a winning team.” Far from fading after a flying start, Leicester appear to be getting stronger, with their key duo of Jamie Vardy and Riyad Mahrez both scoring in Monday’s 2-1 win against Chelsea that ultimately cost Jose Mourinho his job. Saturday’s match unsurprisingly is being billed as a clash between Vardy and Romelu Lukaku, who will be looking to score for a seventh consecutive game as he closes in on Vardy’s new record. Martinez is looking forward to seeing how his whole team match up, saying: ” Leicester are as good as they’ve been. “You’re looking at the way they played on Monday, the way they played in the previous game against Swansea, this is a team that has no fear, they know exactly what they’re doing, they’ve got an incredible spirit and the players that have to be on form in order to present a goalscoring threat, they are probably in the best moment of their careers. “So it’s the worst time to face them but I think we are ready to face those sort of footballing challenges. We really need that sort of game to test ourselves and see how far we can progress.” The Toffees are unbeaten in six Barclays Premier League games and have only lost three times all season, but eight draws mean they do not have the points haul they would have hoped for. Everton sat 10th going into the weekend, six points off the top four and 12 adrift of leaders and Saturday’s opponents Leicester. Roberto Martinez admits Everton are conceding goals too easily but is confident they will get the rewards their play deserves. Press Associationlast_img read more

2017 Edward `Screw’ Richmond football

first_imgWilliams nets twice as Christianburg/Wismar Secondary brush aside Harmony 6-0FORMER champions Christianburg/Wismar Secondary (Multi) School brushed aside Harmony 6-0, to open their campaign in this year’s Edward ‘Screw’ Richmond 9th annual Linden Inter-Secondary School Under-18 football tournament on Wednesday afternoon, but Linden Technical Institute and Linden Foundation Secondary had to share points after a 0-0 draw at the Mackenzie Sports Club ground.Playing in the opening match of this year’s tournament, the Multi boys quickly asserted themselves with a dominant display. John Regis opened their scoring in the 20th minute and this was followed by goals from Omar Williams, who netted twice, with the first coming in the 25th, Brewley Allicock in the 30th.Williams hit in his second in the 36th minute with Tomace Williams getting one also in the 58th minute and Anxie Major the sixth of the game in the 67th minute.The second game produced no goals and this game between Linden Foundation Secondary and Linden Technical Institute ended goalless.The competition continues next Wednesday at the Wisburg ground.last_img read more