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

Former Prime Minister Owen Arthur Hospitalized

first_imgCMC BRIDGETOWN, Barbados – Former Prime Minister of Barbados, Owen Arthur, has been admitted to hospital with heart complications. Arthur, who was the country’s longest serving Prime Minister, retired from public life in 1998. Earlier this year he was appointed chairman of the finally strapped airline LIAT. According to Barbados Today, the former Prime Minister is in stable condition and is resting at the Queen Elizabeth hospital.last_img

The Fans of FC Ferencváros grateful to the Maniacs of FC Željezničar

first_imgThe most devoted supporters of FC Ferencváros, the group that has been denied access to the stadiums in Hungary during the matches, set off recently from Budapest to Sarajevo with the intention to cheer for their club from the stands at Koševo.They were still prevented in their intention by the members of the MIA of the Sarajevo Canton, so they went home with an incomplete mission. The management of FC Ferencváros disabled the match tickets for the abovementioned group, who still managed to get the tickets via the supporters of FC Željezničar.“We cannot thank you enough for that kind of support that we have been given, in a situation that has befallen us. You have shown the mentality, brotherhood and solidarity that the supporters of FC Ferencváros will never forget. We feel sad for not being able to create the atmosphere that you have shown in two games, and that we would create as well. Good luck in the European League, and you will be welcomed any time you come to Budapest”, the fans of FC Ferencváros said.As an act of solidarity during the match against FC Ferencváros, the fans of FC Željezničar raised a transparent on which it was written “Kubatov leave”, referring to the first man of the club and his conflict with the supporters.(Source: klix.ba)last_img read more