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Budget offers limited help to Townsville Market

first_img©Roslyn Budd — www.buddphotography.com.auTHE Townsville housing market will only marginally benefit from the Federal Government’s measures designed to help first home buyers get into the market. Real Estate Institute of Queensland Townsville Zone Chair, Damien Keyes said broadly speaking, the Queensland housing market would not be significantly impacted from announcements in the Federal Budget which was designed to tackle problems that are faced by Sydney and Melbourne markets.“The REIQ has been lobbying the State Government extensively to get the first-home buyer grant broadened to include established homes,” he said. “History tells us that this type of support is popular with young first-home buyers who are anxious to get started on their home ownership journey immediately. “We think that the Federal Government’s super-saver scheme may be significantly less popular than the grant, largely because wages growth has been flat and young first-home buyers don’t have much in their superannuation account yet. It’s a slow-burn approach to getting the deposit together for a home. “However, the super-saver scheme will be more beneficial to those in the regions than their big-city counterparts where first-home buyers need a 20 per cent deposit of more than $140,000 to get into the market and buy a property worth $700,000.“The $30,000 from their superannuation won’t go very far in those markets.”Mr Keyes said one of the most disappointing aspects of the Federal Budget was Treasurer Scott Morrison’s announcement to limit investor activity. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“In particular, we’re disappointed that the Government has limited the allowable deductions for investors, especially around travel benefits,” My Keyes said. “We’re concerned that this may discourage investors from considering regional Queensland as an investment opportunity. “Townsville welcomes all investors and all property buyers, regardless of where they come from and to have our Federal Government actively dampening the potential opportunities is frustrating. “However, our market is resilient and we’re already starting to see some positive signs.” But despite limited support offered to Queensland’s regional housing market, Townsville continued to power ahead on the road to recover, Mr Keyes said.“The vacancy rate data that the REIQ released this week revealed Townsville is still improving,” he said. “Townsville bumped down slightly by 0.2 percentage points from 6.4 per cent to 6.2 per cent and while this is small, in the bigger picture, it’s still moving downward from the recent high of 7.1 per cent last year. “All in all, 2017 and 2018 are shaping up to be good years for Townsville and it does mean that now might be a good time to buy a property.”last_img read more

Harford in talks over Magpies role

first_imgMick Harford is in talks with Newcastle over a role at St James’ Park. Sunderland-born Harford had a brief spell with the Magpies as a player from August 1981 to March 1982 having launched his career at Lincoln, and went on to play for Bristol City, Birmingham, Luton, Derby, Chelsea, the Black Cats, Coventry and Wimbledon, forging a reputation as a no-nonsense frontman. He began his coaching career at Wimbledon before following Kinnear to Luton and then Nottingham Forest, and later became a manager in his own right at Rotherham, Luton and QPR. Harford’s 13 months as assistant to Karl Robinson at MK Dons came to an end in June, and it was later announced he was to take up a coaching role at Millwall. Should he be appointed to assist Kinnear, the move would do little to ease the tension at St James’ which was created when Kinnear was parachuted in above manager Alan Pardew by owner Mike Ashley. The 66-year-old Kinnear’s arrival was greeted with both anger and astonishment as he was put in charge of all football-related matters, but particularly the club’s transfer affairs. To date, not a single senior player has been added to the squad, while Steve Harper, Danny Simpson and James Perch have been allowed to leave, although Harper and Simpson were always moving on anyway. Pardew’s priority is to recruit two proven strikers with Aston Villa’s Darren Bent high on his list, although the ongoing stalemate over Papiss Cisse’s refusal to wear the logo of sponsor Wonga on his shirt remains a serious complication. Press Association Sport understands the former Wimbledon striker has held discussions over a role working alongside new director of football Joe Kinnear. The 54-year-old played under Kinnear during their time together at the Dons and remains a close ally of the Irishman. center_img Press Associationlast_img read more

The Latest: Tennessee restricts Neyland tickets to 25%

first_img August 25, 2020 The Latest: Tennessee restricts Neyland tickets to 25% The Volunteers’ first home game is Oct. 3 against Missouri and university officials say restrictions could change during the season based on statewide virus data and recommendations from public health officials. Tennessee asked fans statewide to wear masks in public.Athletic director Phillip Fulmer says he empathizes with the thousands of fans who won’t get to go to games in Neyland this fall. Fulmer says the circumstances are beyond the control of Tennessee officials and they will do their best to create the safest environment both inside and outside the stadium.Current students and active donors to the Tennessee Fund with season tickets get top priority for tickets and season tickets will be offered based on annual amount given and the order to the Tennessee Fund.The original prices for season tickets will not change with Tennessee set to host five Southeastern Conference opponents for the first time since 1959.Students can start requesting tickets issued on a game-by-game basis Sept. 23. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Tennessee will be selling tickets for approximately 25% of the seats at Neyland Stadium for this season.center_img Associated Press ___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sportslast_img read more