Crunch time for election property promises for first home buyers

first_img“More than 34 per cent of Queenslanders rent their home, among the highest levels of the most populous states. “Our market relies on a steady supply of investors providing rental accommodation for our rental population and Labor’s proposed reforms will diminish that crucial activity.”But REIQ has thrown its weight behind the Coalition’s plan to help first home buyers get a leg up on the real estate rungs, a policy matched by Labor within hours of it being announced. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:49Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:49 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, selectedAudio Tracken (Main), 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 Rate1xFullscreenHow the proposed first home buyer scheme works00:50 Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:54Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:54 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p180p180pAutoA, selectedAudio Tracken (Main), 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 Rate1xFullscreen2018: What is negative gearing?01:55QUEENSLAND’S peak real estate body has come out swinging ahead of Aussie’s going to the polls this weekend, and has wielded a giant auction-style gavel at Labor’s property policies. The Real Estate Institute of Queensland has warned that Labor’s negative gearing and capital gains tax changes will have a devastating effect on the property market, with buyers, sellers and renters alike predicted to feel the burn. MORE: Micro homes the new downsizer trend that are no bigger than a garage Haesley Cush in action (AAP image, John Gass)Brisbane real estate agent Jack Dixon of Dixon Family Estate Agents has taken it a step further, saying that the reforms would create a new chasm between the haves and have nots. “The system would differentiate between virtually identical properties owned by different people and give some a distinct advantage over others only virtue of a point in time,” he said. “Labor spokespeople often remind us a ‘privileged’ baby boomer generation saw huge capital growth and enjoyed generous tax concessions, while Millennials have no such advantages. “Commentators say such rhetoric fuels intergenerational conflict. Yet, here is the Labor Party with a policy that will impose new taxes on Millennials, who won’t be offered incentives to save and build wealth through real estate while, at the same time, locking in generous tax deductions for Baby Boomers.” More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoThe great Australian dream can feel out of reach for many first home buyers. (AAP Image/Darren England) NO ARCHIVINGIn Queensland, first home buyers can access the $15,000 Queensland First Home Buyers Grant, a state initiative, but can only buy a brand new property under $750,000.If elected, federal Labor plans to limit negative gearing to new properties only after January 1, 2020. Capital gains tax discounts would also drop from 50 per cent to 25 per cent. Properties purchased before January 2020 will be grandfathered, with Labor claiming that the changes will help more first home buyers get in to the market by levelling out the playing field.But opponents of the plan have different views. Ms Mercorella warned that the rental market and the sales market did not operate independently of each other, saying the biggest threat to the health of Queensland’s housing market was the proposed negative gearing reforms.She pointed to modelling by SQM Research, which suggested that Labor’s negative gearing reforms would devalue people’s homes, driving down the value of their biggest asset.In his recent column, Brisbane auctioneer Haesley Cush also questioned the rationale behind the proposed reforms.He said he too believed that property values would drop due to there being fewer investors in the market, meaning less competition and ultimately a downward pressure on prices. Honey Badger cracks the whip on sweet dealcenter_img Prime Minister Scott Morrison at the Liberal Party’s campaign launch in Melbourne on May 12, 2019. (Photo by William WEST / AFP)“We need positive policies that help the target group and don’t wreak wholesale damage on the entire property market and the broader community, as Labor’s proposed negative gearing reforms will do,” Ms Mercorella said.“The Liberal Party initiative offers help in a meaningful way to those seeking to get their foot in the door of their first home and doesn’t cause detriment to other sectors of the market. “This is a policy that was drafted with the many moving parts of the property market in mind.” Under the plan, The First Home Loan Deposit Scheme will allow new buyers to purchase a home with a deposit of just 5 per cent, and will based on a similar scheme operating in New Zealand.It will mean first home buyers won’t need to save for a full 20 per cent deposit, and will save those buyers around $10,000 in Lenders Mortgage Insurance.The Westpac Home Ownership Report, released in November last year, revealed that 62 per cent of first home buyers were more optimistic about getting a foot on the property market in the wake of the drop in house values, particularly in Sydney and Melbourne.But saving enough money for a deposit and the upfront costs remained a significant barrier, the report found. REIQ CEO Antonia Mercorella Photo: Claudia Baxter“This is how Labor is hoping to help first-home buyers (by reforming negative gearing and capital gains tax), by decimating the rental sector with a ham-fisted blunt swing at the market,” REIQ CEO Antonia Mercorella said.“They want to limit private investors so that first home buyers, theoretically, can buy without competition.“Our concern is that limiting the number of investors in the market will decimate the rental market, pushing up rents and driving down the level of supply. Mum puts home, land and her business up for grabs in raffle Stock image. ThinkstockAnother consequence of the reforms would likely come after millenials come to sell those properties purchased after the 2020 cut-off, Mr Dixon said.“They’ll be in for a rude shock when they realise they have to discount the price to compete with new stock entering the market,” he said. “After all, the next wave of investors will want to negatively gear too.”Mr Dixon said the elimination of negative gearing could be a productive move for the broader economy, but only if it was equal to all. “All Australians must be treated equally under the taxation system,” he said. “Those who seek to lead Australia always seem hell bent on making things complex and complicated.”last_img read more

Continue reading

Hapag-Lloyd, DB Schenker Launching Eco-Friendly Initiative in Ocean Freight

first_imgGerman container shipping company Hapag-Lloyd and compatriot logistics services provider DB Schenker have launched a project aimed at cutting sulfur oxide emissions in ports.In order to reduce the impact of pollution, especially in Asian and Latin American ports, a “prestigious customer” switches all of its containers shipped by Hapag-Lloyd to low-sulfur fuel.Specifically, customers pay a voluntary surcharge on each of its containers shipped through these ports, having started in mid-2017. Such surcharge is used by Hapag-Lloyd to purchase the low-sulfur fuel.Customers receive a factual statement on the fuel change for all of their containers while DB Schenker supervises the transaction.As explained, the move goes beyond current regulation. While some regions in the world provide for 0.1% sulfur content not to be exceeded when at berth, many ports still do not have any such regulations and fuel is permitted to be burnt with sulfur contents of up to 3.5% to run vessel facilities during port stays for loading and discharge.“We are proud to enter with such prestigious companies in a ground-breaking health and environmental initiative,” Andrea Dorothea Schoen, Carbon Controller and head of DB Schenker’s climate protection program and project initiator, commented.“For us this a milestone in our environmental partnership – with the shipper and the carrier alike,” Schoen added.“We jointly can pave the way for better air quality and push sustainability on the oceans,” Thorsten Haeser, CCO of Hapag-Lloyd, pointed out.last_img read more

Continue reading

Call to close three-strikes loophole

first_imgNZ Herald 12 Oct 2012Victim advocates are calling for changes to the three-strikes law to ensure offenders receive a warning for each crime they commit that is eligible under the law.They say a “loophole” in the legislation means those who offend while on bail are avoiding strike warnings, and have asked Justice Minister Judith Collins to consider making changes.Under the law, violent and sexual offenders receive a normal sentence and a warning for strike one, a sentence without parole for strike two, and the maximum sentence for that offence, without parole, for strike three.A warning can be given only when someone is convicted. If they go on to commit further strike offences, they will receive further warnings.But if they commit other strike offences between their arrest and sentencing, they do not receive a warning for it.The Sensible Sentencing Trust has asked Ms Collins to consider amending the law to include “provisional warnings” to ensure offenders are properly subjected to the escalating punishments.A provisional warning could be given to a person who commits a second or subsequent strike offence while on bail for an initial strike offence.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10839995last_img read more

Continue reading

Bishop Malzaire admonishes Dominican public to change their lifestyle

first_img Tweet 24 Views   no discussions Share FaithLifestyleLocalNews Bishop Malzaire admonishes Dominican public to change their lifestyle by: – September 19, 2011 Sharecenter_img His Lordship Bishop Gabriel Malzaire. Photo credit: dioceaseofroseau.orgBishop of Roseau his Lordship Gabriel Malzaire is calling for a change in life style among the Dominican public. Bishop Malzaire believes that the prevalence of HIV/Aids and other STD’s will continue to escalate if drastic measures are not taken. He says the Catholic Church will continue to advocate for a change in lifestyle among the population. “There is a certain advocacy that the Church has and the kind of advocacy that we have is in the area of prevention. What style of life aught we to live in other prevent it or curb this,” he said.He said HIV/AIDS is by and large a lifestyle disease.“What we proclaim and teach is lifestyle issues. We know that it is not easy as I am saying because people are relating to people. Especially with couples, especially the unfaithful partners of the couple. Things happen and without any knowledge or understanding of what’s happening, some other member of the couple can contract the disease,” he added.Bishop Malzaire said the church has been doing its best to deal with the matter.“The church has been speaking of the disease and its prevention, especially in the area of abstinence. It also talks about having respect for your family. This is the key,” Malzaire said.Dominica Vibes News Sharing is caring! Sharelast_img read more

Continue reading

DepEd: No more final exams for WV public schools under community quarantine

first_imgMANILA –Public schools in Western Visayas that were suspended by theirrespective local government units (LGUs) due to the coronavirus disease 2019(COVID-19) outbreak will no longer be permitted to hold final examinations fortheir students, the Department of Education (DepEd) said. Schools which continue to hold classes, meanwhile, must conduct theirexams this week but on a “staggered basis.” Students should only come to schoolin varying schedules to take the tests. The schools prevented from holding the fourth quarter exams are directedto apply a specific set “grading formula” for the computation of the finalgrades of the affected learners in the last quarter of the school year, DepEdsaid in a memorandum released Monday. The schools, in consultation with the Parents-Teachers Associations,may also opt to reschedule or forego holding of the rites, “should the publichealth situation prevent the holding of the rites within the said period.” Several LGUs in this region then followed by placing their areas under“community quarantine” in accordance with the President’s order to avoid “massgatherings.” Classes in Manila have been earlier suspended until April 14 byPresident Rodrigo Duterte to prevent the spread of COVID-19 to other parts ofthe country. DepEd added that public schools will still follow the Policy Guidelineson Classroom Assessment for the K to 12 Basic Education Program for FourthQuarter grade. Further academic requirements, if any, shall be done ashome-based assignments.center_img Teachers are not required to report to schools unless ordered by theSchools Division Superintendent. They are also encouraged to use online portalsidentified by DepEd to continue lectures with students and perform their tasks. DepEd also reiterated that in the graduation or moving up ceremoniesset on April 13-17, people should apply proper social distancing rules. DepEd Secretary Leonor Briones DepEd Secretary Leonor Briones on March 15 released the new guidelines,citing that exams for the fourth quarter, scheduled from March 16-20, “will nolonger be administered” in areas with suspended classes. Private schools, meanwhile, were strongly encouraged to apply the newguidelines by DepEd./PNlast_img read more

Continue reading

White woman charged after racist Central Park confrontation

first_imgThis file image made from May 25, 2020 video provided by Christian Cooper, shows Amy Cooper with her dog talking to Christian Cooper in Central Park in New York. CHRISTIAN COOPER VIA AP FILE NEW YORK – A white woman who called the police during a videotaped dispute with a Black man over her walking her dog without a leash in Central Park was charged Monday with filing a false police report. District Attorney Cyrus Vance Jr. said in a statement on Monday that his office had charged Amy Cooper with falsely reporting the confrontation, a misdemeanor that carries a maximum penalty of a year behind bars. She was ordered to appear in court on Oct. 14. (AP)center_img In May, Amy Cooper drew widespread condemnation and was fired from her job after frantically calling 911 to claim she was being threatened by “an African American man,” bird watcher Christian Cooper. On the video he recorded of the woman, he sounds calm and appears to keep a safe distance from her.last_img read more

Continue reading

Liverpool wait on Man City slip-up to clinch long-awaited title

first_imgLiverpool will be crowned champions of England for the first time in 30 years on Thursday should Manchester City fail to beat Chelsea at Stamford Bridge. Mohamed Salah scores Liverpool’s second goal Jurgen Klopp’s men moved to the brink of a long-awaited Premier League title in the style that has made them worthy champions-elect by thrashing Crystal Palace 4-0 on their return to Anfield behind closed doors on Wednesday. Trent Alexander-Arnold, Mohamed Salah, Fabinho and Sadio Mane scored the goals as the Reds opened up a 23-point lead at the top of the table. Should City keep the title race alive at Chelsea, a point will be good enough for Liverpool to win the league when the top two meet in Manchester on July 2. “Tonight was a big step, that’s clear,” said Klopp. “We’ve all still got to play seven games. If we play like this it’s really not nice to play against us.” City boss Pep Guardiola said on Wednesday his priority is Sunday’s FA Cup quarter-final rather than prolonging Liverpool’s wait and he could rest players for a trip to Newcastle at the weekend.Advertisement Promoted ContentCan Playing Too Many Video Games Hurt Your Body?Which Country Is The Most Romantic In The World?7 Facts About Black Holes That Will Blow Your Mind8 Addictive And Fun Coffee FactsWhy Go Veg? 7 Reasons To Do This10 Simple Product Ideas That Made Their Creators Millionaires7 Universities Where Getting An Education Costs A Hefty Penny8 Fascinating Facts About CoffeeWho Is The Most Powerful Woman On Earth?8 Superfoods For Growing Hair Back And Stimulating Its GrowthBirds Enjoy Living In A Gallery Space Created For ThemUnusual And Unique Beauty Of Indian Women Liverpool’s famous Kop end was draped in flags for Anfield’s return behind closed doors “Pep should play poker,” added Klopp. “They are brilliant, the football they play is unbelievable. “We are different and we have to be. There are different ways of playing football and I like them both.” Alexander-Arnold opened the floodgates for Liverpool on Wednesday when the right-back curled a sumptuous free-kick beyond the grasp of Wayne Hennessey to settle any nerves on 23 minutes. The England international admitted many of his teammates will be tuning into events in West London, but wants this Liverpool side to go on and rewrite the record books no matter when they clinch the title. City set the Premier League points record of 100 two seasons ago, but Klopp’s side could still reach 107 with seven games remaining. “A lot of us will watch it tomorrow but not get too excited,” said Alexander-Arnold. “We’ve still got to prepare for the game next week regardless. We’ve still got seven games left I think and we’re going to try and get all 21 points from those games.” Read Also: 15-year-old Romero makes La Liga historyThe front three of Salah, Roberto Firmino and Mane have been key to Liverpool’s rise over the past three years from struggling just to qualify for the Champions League to winning that competition last season and now running away with the English top-flight.All three combined beautifully for the fourth 20 minutes from time as Firmino fed Salah, whose pass picked out the run of Mane and the Senegalese slotted into the far corner.FacebookTwitterWhatsAppEmail分享 Loading… Before kick-off “You’ll Never Walk Alone” boomed around a deserted Anfield, but without the usual accompanying chorus of nearly 55,000 fans.Instead, banners and flags were draped over The Kop on the night Liverpool could have clinched the title had they won the Merseyside derby on Sunday.“Imagine if this stadium would have been full today and all the people could have experienced it live,” said Klopp. “I don’t think the game could have been better because my boys played like everybody was in the stadium.”From the start, Liverpool looked far sharper than in that goalless draw at Everton in their first match for three months.“There was a lot more rhythm and fluency than Sunday,” said Alexander-Arnold. “Today we’ve come out, started fast and didn’t really put a foot wrong in the whole game. It will go down as one of our best performances of the season.”Trent Alexander-Arnold celebrates his stunning free-kickSalah showed a clinical touch to net his 21st goal of the season from Fabinho’s ball over the top to make it 2-0 just before half-time.Liverpool’s long wait for a title has been extended by three months due to the unprecedented coronavirus shutdown.That wait could take just one more day, another week or slightly longer should City show their pride to win the battle of the top two next week.However, there remains no doubt the title drought is coming to an end and Wednesday’s dominant display underlined why they will be champions.Fabinho’s piledriver set the seal on a 23rd straight league win at Anfield as the Brazilian drilled home from fully 30 yards.last_img read more

Continue reading

UWF Cross Country Men and Women Stampede to 2nd Place Finishes

first_imgUWF Cross Country Men and Women Stampede to 2nd Place Finishes Share Sept. 29, 2007  Complete Results    PENSACOLA, Fla. – The Argonauts Men’s and Women’s Cross Country teams both finished in 2nd place in the Gulf Coast Cross Country Stampede at the Escambia county Equestrian Center Saturday morning. Both meets were very competitive, as the UWF men finished 2nd (out of seven) with a score of 47, just behind Rutgers Camden with 45. Florida Gulf Coast University was third with 49. The UWF women finished 2nd behind Florida Gulf Coast, but were able to out distance a strong Florida Tech team, and four other teams.Margaret Harter was the top finisher for the UWF women in 4th place overall with a time of 19:39 for the 5k race. Harter explained, “I met my expectations today with a PR for this course, but I still want to improve each meet.” Her teammate Kelli Midden also set a PR, with a 20:01 time, which was good enough for a 6th place finish. Rebecca (Becky) Thielemann was right behind her in 8th place with a 20:14.Eric Mayes was the top finisher for the Argonaut Men with a 3rd place finish in 27:13. Just behind him was teammate Justin Gates in 4th place, running a 27:23 time for the 8k race. Mayes would say afterwards, “I had planned on cruising, but I felt great and ran better than expected.” He added, “This course worked out well for our running style and we knew where all the sand was, so it helped us run a little faster.” The Argos did run well as a team, as nine UWF runners finished under 29 minutes and 15 seconds.Coach Matt Dobson was very pleased with the Men’s performances, “We had three more personal bests today, so we are definitely heading in the right direction, and if we pay attention to the little things, that can help us knock off a few more seconds. Our goal was to make the National meet and that hasn’t changed, as our progress and our plan looks like it is working. Eric and Justin ran real well, and it was great for Justin, since he was coming off an injury and looked strong running,”Dobson commented on the women’s performance by saying, “the girls were amazing today, as we were very competitive even without our #1 runner Diana (Sitar) and another top runner (Katherine Ragia). I was very happy for Margaret (Harter), as all her hard work is now paying off. Also, Kelli Midden ran a personal best, and she has battled thru the workouts and is coming around nicely.” Coach Dobson also raved about Becky Theielemann, a Senior that has endured major injuries and couldn’t run all last year. “Becky set a collegiate PR (personal best) for a 5k today, and that was great to see after all she has been through.” Erika Anderson (14th, 21:14) and Lindsey Failing (19th, 21:48) also finished well enough to help the UWF team score a strong second place finish.The UWF men received strong races from several of their freshmen, including Nicholas Maedel, who finished 10th with a 27:46. Freshmen Jared Black and Senior Jordan Theuerkauf finished 17th and 18th with the same 28:16 time. Coach Dobson was very pleased for Theuerkauf, as he explained, “Jordan ran for the first time this year, and ran controlled with no pain. If we can have him at 100% by post season, we will have more strength in our team.” Freshmen Josh McEachin (20th, 28:34) and Andrew Maedel (22nd, 28:50) also ran well. “I was very pleased with our freshmen, including Josh, who is coming on better than expected, this early,” explained Dobson. The other finishers for the Men’s team included; Scott Lydick (26th, 29:11), Sean Jansen (28th, 29:15) Print Friendly Versionlast_img read more

Continue reading

Be prepared this month in case of disaster

first_imgStatewide — September is National Preparedness Month and the Indiana Department of Homeland Security (IDHS) encourages Hoosiers to spend the month of September talking with their friends and family about planning and preparing for all of Indiana’s potential disasters.This year’s National Preparedness Month theme, “Disasters Don’t Wait. Make Your Plan Today,” emphasizes the importance of creating a family emergency communications plan, assembling a disaster preparedness kit, and identifying the different types of disasters that can happen locally. Most of all, parents and guardians should use this month as an opportunity to talk with children about preparing for emergencies and getting them involved in the disaster planning process.Some helpful safety tips to consider when creating a disaster plan are:Emergency plans need should always be tailored to the specific needs of the household.Create a list of emergency contacts and share them with family members and friends.Discuss possible emergency scenarios with family members. Include events such as fires, natural disasters, and man-made disasters.Establish an evacuation route that can be used in the event of a disaster, and make sure all family members are aware of them.A comprehensive collection of safety and preparedness resources can be found by clicking here.last_img read more

Continue reading

Rovers target Prem duo

first_imgDoncaster boss Paul Dickov has confirmed the club have made loan enquiries for Shay Given and Billy Sharp. The ambitious Sky Bet Championship newcomers, who are in talks with potential investors in the club, are awaiting responses to their interest from Aston Villa and Southampton. Ireland goalkeeper Given, 37, has fallen behind Brad Guzan in the pecking order at Villa Park. Former Rovers striker Sharp, who scored 41 goals in 86 games before leaving for Southampton in 2012, spent last season on loan at Nottingham Forest. Dickov told BBC Radio Sheffield: “Shay is somebody I know. We did make an enquiry a couple of weeks ago to take Shay on loan and we are waiting to hear back. “Billy is somebody who is highly thought of at the club. Again, a loan enquiry did go in a couple of weeks ago and we are waiting to hear back.” However, Dickov denied rumours that he had approached Villa about another of their out-of-favour players, his former Manchester City team-mate Stephen Ireland. “Stephen has not been mentioned, no. I think people are putting two and two together with Shay and possibly with Stephen being a friend of mine, but there has been no approach made for Stephen.” center_img Press Associationlast_img read more

Continue reading