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

Sr. Michael Ann Aubin, O.S.F.

first_imgSr. Michael Ann Aubin, age 92 of the Srs. of St. Francis in Oldenburg, died Saturday, June 11, 2016 at the convent.  Born November 3, 1923 in Woonsocket, Rhode Island, she is the daughter of Marguerite (Nee: Miller) and Arthur Aubin.Sr. Michael Ann entered the convent September 4, 1941 and made her final vows August 12, 1947.  She taught from 1943 until 1993.  Schools included Little Flower in Indianapolis, Indiana, St. Vincent’s Orphanage in Vincennes, Indiana, St. Andrew’s in Richmond, Indiana, St. Mary’s in Greensburg, Indiana, St. John the Baptist in Dover, Indiana, St. Joseph’s in St. Leon, Indiana, St. Mary’s in Lanesville, Indiana, St. Lawrence in Lawrenceburg, Indiana, St. Joseph of Nazareth and St Leo’s in Cincinnati, Ohio, St. Mary’s in Middletown, Ohio and Sacred Heart in Troy, Missouri before retiring to the motherhouse in 1993.Eleanor was the third of five children born to Arthur and Marguerite (Miller) Aubin of Woonsocket, Rhode Island.  The family moved to Richmond, Indiana when Eleanor was five, and lived in a home with her grandparents residing on the second floor and Eleanor and her family on the first floor.   Eleanor’s father was a machinist and her mother was a teacher, and it seemed teaching was in Eleanor’s blood.The eager student attended St. Andrew School where she first met the Franciscan Sisters.  When she was in the fourth grade, her eldest brother, Henry, had just finished the seventh grade when he left home to enter the Brothers of the Sacred Heart in Granby, Canada.  Later, in 1947 Eleanor took her final vows as a Sister of St. Francis and became “S. Michael Aubin”, and in 1961, her younger brother, Rev. Joseph Aubin, was ordained a priest in the Lansing, MI diocese.  Three of the five Aubin children entered religious life, while her sisters Lillian and Mary Ann later married and the two families gave S. Michael Ann a total of 13 nieces and nephews.Sr. Michael Ann would often reflect upon her years as a young child when the family made trips to Oldenburg to visit her dad’s sister, Sr. Madeleine Aubin who ministered in Montana and returned to Oldenburg during the summer.  Visiting with the large community of Sisters and seeing how happy they were greatly influenced Sr. Michael Ann’s decision to enter religious life.Those who knew Sr. Michael Ann knew of her love of baseball and the Cincinnati Reds.  She listened to most every game as her transistor radio was her constant companion.  She was known for her great sense of humor, and in addition to educating young students, her interests included singing, crocheting, sorting stamps, and tending to roses.  Having lived in Richmond, the “City of Roses,” left a special place in her heart for all the beauty of God’s earth, especially His roses.Earlier this year Sr. Michael Ann celebrated her 75th Jubilee, and when reflecting upon her favorite prayer, she commented, “My favorite prayer is the rosary.  Devotion to our Blessed Mother, Mary, has been special for me.  My aunt, Sr. Madeline, sent me a rosary every Christmas while I was growing up.  Now in my aging years, holding the rosary and the repetition of the Hail Mary is easy and helps keep my mind focused on the mysteries.  Praying and holding the rosary brings comfort and peace each day to my heart and soul.”Rest in peace good and faithful servant, may you know the beauty of God’s dwelling place while watching over the Reds and reminding us to stop and smell the roses and appreciate the beauty that surrounds us.She is survived by her sister Lillian Mendenhall of Englewood, Florida, brother Rev. Joseph Aubin of DeWitt, Michigan as well as numerous nieces and nephews.  In addition to her parents, she is also preceded in death by sister Mary Ann Courchaine and brother Henry Aubin.Visitation is Thursday, June 16th, from 1 – 3 p.m. at the convent chapel.  Funeral services follow at 3 p.m. with her brother Rev. Joseph Aubin officiating and Rev. Robert Weakley O.F.M. co-concelebrating. Burial will follow in the convent cemetery.  Memorials may be made to Srs. of St. Francis, P.O. Box 100, Oldenburg, Indiana, 47036 (  Weigel Funeral Home, Batesville, IN, is in charge of arrangements.last_img read more

Rory embracing Irish Open challenge

first_imgRory McIlroy has a full complement of clubs at his disposal for this week’s Irish Open, but admits the pressures that come with the tournament have left him feeling “suffocated” in the past. He added: “And then on 11 I hit my tee shot in the water and dropped and hit my third shot in the water. I just got frustrated. It definitely wasn’t the right thing to do. “I wouldn’t recommend anyone or anyone watching on TV or any kids to start throwing their clubs or bending their nine irons. But the nine iron is intact and got a new shaft this week and it’s ready to go. “I guess there’s other ways to show disappointment. Taking it out on your golf clubs probably isn’t the right way to do it. Everybody is going to get frustrated or angry or disappointed in a bad shot and obviously I’m no different. It doesn’t really set a good example, I guess, for people watching me and maybe trying to emulate what I’m doing.” McIlroy’s first experience of the Irish Open came as a 16-year-old amateur in 2005, when he shot rounds of 71 and 81 to miss the cut and he remembers being thrown out of bars on Friday evening as he was too young to drink. But while the biggest crowds that week were with Colin Montgomerie in the group behind, McIlroy will be the star attraction at Carton House as he looks to rediscover the form which made him world number one and brought him two major titles. Asked how he would manage expectations and avoid feeling suffocated, McIlroy said: “That’s actually a good word. That’s something I’ve felt in a couple of Irish Opens is suffocated and having that burden and that pressure and that expectation. “It’s much better having fans for you and really wanting you to do well than people rooting against you, so it’s a great privilege to have. The best thing that I can do this week is go out and enjoy myself, smile, and try and play the best that I can and show everyone how much I appreciate their support.” The final round of the US Open a fortnight ago saw McIlroy throw one club in frustration and then lean so hard on another that he bent the shaft out of shape on his way to a quadruple-bogey eight on the 11th hole. “The club throw, I hit the fairway on the fifth hole and had to play my second shot left-handed,” said McIlroy, whose tee shot rolled off the sloping fairway onto the bank of a water hazard. “It was unlucky, it was frustration, whatever you want to call it.” center_img Press Associationlast_img read more


first_imgBREAKING NEWS: The Portuguese police are to request that the Madeleine McCann investigation be reopened, it is being reported in the Portugese media.Police in Oporto have been reviewing the case and have identified a number of issues they wish to clarify, local TV stations report.It follows pressure from the British authorities in recent weeks including the BBC1 CrimeWatch programme which threw up even more new leads in the case which were missed by the original Portugese police team. Madeleine has been missing since May 2007.British detectives re-investigating the case believe she was snatched from the room of her apartment.Several new suspects have emerged as a result of the investigation.The case is being closely followed here in Co Donegal where Madeleine has many relatives. Her grandparents are from the county. MADDIE: PORTUGESE POLICE TO FINALLY RE-OPEN INVESTIGATION was last modified: October 24th, 2013 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:madeleine mccannnew investigationPortugese policelast_img read more