Buyer and renters hit slow-mo amid loan crackdown, unaffordability

first_imgAmong homes that found their mark was 71 Withington St, East Brisbane, sold for $607,500 by Jody Green of Place for seller Mervyn Cronin. Picture: Darren England.BUYERS and renters hit slow-mo in April amid the effects of a loan crackdown, housing unaffordability and oversupply in some places.Buyer demand slumped in April nationally (-4.3 per cent), led down by New South Wales (-7.8 per cent) and Queensland (-5.4 per cent), according to the latest REA Group Property Demand Index, out today.Brisbane suburbs that are best for your healthBardon house shortlisted for national awardWhere rental listings have grown over 30 per centREA Group chief economist, Nerida Conisbee, said affordability issues had hit Sydney hard while Queensland was still reeling from oversupply and slow job growth.She said the drop came “as cooling measures put forward by APRA and more expensive and restrictive lending by banks started to cut in. It’s likely that the Easter long weekend and ANZAC Day also had an impact”.“Demand is still well above the same time last year and higher than the previous peak in November 2016. In December 2016, demand also dropped slightly when the banks increased interest rates independently of the RBA however, buyers ploughed back into the market in January and by March we hit another peak in demand.Buyers in southern capitals have hit a slump amid rising unaffordability across Sydney and Melbourne. Picture: Jay Town“It’s impossible to predict if this will happen again and if buyers are purely reacting to the changes. Time will tell as we head into winter.”She expected price growth to begin to moderate in New South Wales though Ms Conisbee did not believe the country’s biggest property market had hit its peak yet.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:47Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:47 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMonthly Core Index : April00:47Queensland’s problem was vastly different to that of NSW though.“Queensland experienced the second highest drop in buyer demand in April after New South Wales, however demand is still higher than it was 12 months ago,” according to Ms Conisbee.“Rental markets are showing worsening conditions driven by high levels of supply but also relatively slow jobs growth. Rental demand is lower than it was 12 months ago.”The Gold Coast though was a brighter spot than Brisbane.“The situation in Brisbane is very different to on the Gold Coast. Gold Coast suburbs continue to see high levels of demand from buyers and renters due to lower levels of supply, the Commonwealth Games and other spending on infrastructure supporting jobs growth.”QLD BUYER DEMAND:All dwellings:-5.4 per cent April+3.2 per cent Year-on-yearHouses:More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago-5.9 per cent April+3.2 per cent YOYUnits:-4.9 per cent April+6.6 per cent YOYQLD RENTAL DEMAND:All dwellings: -3.7 per cent April-9.5 per cent YOYHouses:-3.8 per cent April-11.2 per cent YOYUnits:-3.4 per cent April-4 per cent YOY(Source: REA Group)last_img read more

Tottenham plotting £31m swoop for Man Utd target

first_imgTottenham Hotspurs  are reportedly lining up a £31million move for Barcelona star Nelson Semedo. Barcelona will reportedly allow him to leave this month as he has fallen out of favour at the Nou Camp. He has failed to cement his spot in the club’s starting line-up as Sergi Roberto is the preferred option. Mourinho should be able to lure him away from the Spain with the offer of regular first-team football. Read Also:Europa League: Manchester United draw excites Okereke The Special One is desperate to strengthen his defence after his difficult start to life in North London. Since he took over from Mauricio Pochettino, Mourinho’s side have only managed to keep one clean sheet in 12 attempts. FacebookTwitterWhatsAppEmail分享 Jose Mourinho is keen to bolster his defence as his side have managed just one clean sheet since he took over. According to El Desmarque, the North London club want to make a move for the Portuguese right-back this month. It is reported that Semedo’s agent has given him the green light to complete a switch to the Premier League. Manchester United are also long-term admirers of the 13-cap Portugal international.Advertisement Promoted ContentWho Is The Most Powerful Woman On Earth?Couples Who Celebrated Their Union In A Unique, Unforgettable WayEverything You Need To Know About Asteroid ArmageddonA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtBoys Deserve More Than Action-Hero Role Models10 Risky Jobs Some Women Do6 Incredibly Strange Facts About HurricanesBirds Enjoy Living In A Gallery Space Created For Them11 Most Immersive Game To Play On Your Table TopThe Very Last Bitcoin Will Be Mined Around 2140. Read More5 Of The World’s Most Unique Theme Parks5 Of The World’s Most Unique Theme Parks Loading… last_img read more

Dodgers manager Don Mattingly to return in 2014, sources say

first_imgEven before a Source With Knowledge of Don Mattingly’s Situation anonymously confirmed that Don Mattingly’s situation looked good for 2014, it had come to this: The Dodgers doing anything less than picking up the team option on his contract would be a surprise.Whether it was Ned Colletti or Stan Kasten or Mark Walter or Magic Johnson, anybody I spoke to recently about Mattingly’s performance was upbeat. Not tepid. Not cautious. Always positive, though always unwilling to go on the record about 2014 — anonymously or otherwise. (In fact, Kasten gave the Daily News a very cold shoulder — the New York Daily News — in a typical exchange about the subject Tuesday.)Read more at the Inside the Dodgers blog. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more