Queensland leads growth in owner-occupiers, as investors back off

first_imgMaster Builders Australia said new dwelling construction finance was a standout, up 2.1 per cent in April.QUEENSLAND is leading the charge when it comes to growth in owner-occupier loan numbers, logging a 6.5 per cent rise over the three months to April as investors begin backing off on housing.Latest Australian Bureau of Statistics housing finance figures found five of the eight states and territories had seen a lift in owner occupier loans numbers, but Queensland was by far the top performance.The result was stronger than the same period a year earlier, with Tasmania second strongest (+5.3 per cent), followed by Victoria (+3.7 per cent), South Australia (+2.6 per cent), and New South Wales (+2.2 per cent). The Northern Territory had the largest fall (-27.2 per cent), followed by the ACT (-18.8 per cent) and Western Australia (-11.9 per cent).HIA senior economist Geordan Murray said loans to owner-occupiers buying ready-built new homes declined by 3 per cent in April, but quarterly figures were 6 per cent higher than the same time last year.“This part of the home loan market is being affected by volatility due to the timing of apartment completions and settlements. This is likely to be a consistent theme over the remainder of the year.” More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoHIA expects detached house building demand to remain robust.She said HIA’s view was that demand for detached house builders would likely “remain robust throughout the next phase of the cycle”.“The number of construction loans to owner-occupiers increased by 2.1 per cent in the month, and the number of such loans during the three months to April 2017 is 1.9 per cent higher than it was a year earlier.”Master Builders Australia national manager housing Matthew Pollock said finance commitments for construction of new dwellings was a standout, up 2.1 per cent in April nationally.He expected “growing volatility in the statistics as the housing sector passes the current peak”.ABS data showed investor lending fell 2.3 per cent in April seasonally adjusted, but the Reserve Bank was likely to wait and see if investors really did back off and stay off.RateCity’s money editor, Sally Tindall, said investors were getting the message to back off.“There’s good chance we’ll see a further reduction in investor activity in the coming months however the real question is whether it will stick,” Ms Tindall said. “Last time APRA cracked down on investor lending we saw an immediate drop in the figures but the numbers started climbing back up within six months.”She said refinancing had also dropped by 4.4 per cent in April and 17.8 per cent over the year.“We saw a rise in March when the banks all hiked their rates out of cycle but the numbers of refinancers have fallen away once again. The average mortgage holder could save over $2,500 a year by switching to one of the lowest lenders on the market and over $70,000 over the life of a 30 year loan. That’s not pocket change we’re talking about,” she said.last_img read more

Akash Mishra’s Header Earns India 1-1 Draw Vs Bulgaria

first_imgNew Delhi: Akash Mishra’s perfectly-placed header earned India a well-fought 1-1 draw against Bulgaria in the last match of the group phase in the Granatkin Memorial Tournament at the Petrrovsky Stadium on Sunday.India finished the group matches with one point from three games. They will now play two play-off to decide the final standings.Coach Floyd Pinto gave Sumit Rathi his first start of the tournament replacing Jitendra Singh as the central defender, besides bringing Sanjeev Stalin back to the starting 11 once again after the first game at the expense of Vikram Partap Singh.India could not have expected to concede an own goal so early but Muhammed Rafi’s mistimed clearance went inside giving the European outfit a surprising lead in the seventh minute.India tried to build up the game from the midfield, but the resilient Bulgarian defenders averted every danger that came their way.Bulgaria pushed India further trying to increase the lead but Detelinov’s side-footer missed the target by a whisker in the 33th minute. At the stroke of the first half, Bulgaria could have breached Prabhsukhan Gill again but Filip’s shot flew over the crossbar.Five minutes to the final whistle, Harmanpreet, on a counter-attacking move, burst into a sprint but finally, jammed the ball into Viktor’s gloves to let the opportunity go. IANS Also Read: SPORTS NEWSlast_img read more

Joe Maddon doesn’t want Angels pitchers taking aim at the Astros

first_img Angels’ Shohei Ohtani spending downtime working in outfield Reliever Luke Bard was recalled to take Sandoval’s roster spot.TEXAS TIMEThe Angels-Astros game starts at 6:10 p.m. Friday because of an MLB guideline for 2020 designed to help with the TV audiences in the American League West, which is the only division that has teams two time zones apart.When Texas teams play on the West Coast, the games start at least an hour earlier than normal, and when West Coast teams play in Texas, the night games start an hour later than they normally would. The idea is to make it easier for the road team’s fans to watch the games in prime time. Stassi, who also had hip surgery after the season, reworked his swing with hitting coaches Jeremy Reed and John Mallee. Maddon said now he doesn’t see a hitter who looks like he had a .167 average in 2019.“Well, it’s completely different than what he’s used to because he’s closed, he’s short and direct to the ball, they’ve gotten rid of him laying the bat down, now he’s more direct, the barrel is staying up above his hands, and wow,” Maddon said. “The other day, he fouled off a ball straight back at Oakland and it was an A-hack. He’s taken nothing but A-hacks. All I know is what I’m seeing right now, I like a lot.”McNAMARA DIESJohn McNamara, who managed the Angels and was better known for managing the Boston Red Sox during the 1986 World Series, died Tuesday, his family told the Associated Press. McNamara was 88. The cause of death was not known.McNamara managed the Angels in 1983-84, his fourth of six managerial jobs. The Angels were 161-191 in his two years.He also managed the Oakland A’s, San Diego Padres and Cincinnati Reds prior to taking over the Angels. After the Angels, he managed the Red Sox and Cleveland Indians.He is best known for being the Red Sox manager when they lost the 1986 World Series, despite having a lead in the ninth inning of Game 6 with a chance to clinch. That was the game in which Bill Buckner famously made an error that allowed the New York Mets to score the winning run.SANDOVAL DOWNThe Angels optioned Patrick Sandoval to their reserve squad in Long Beach a day after he pitched four innings in a victory over the Seattle Mariners.The Angels have an off day Monday, so they can skip Sandoval’s spot in the rotation. Also, Julio Teheran could be ready to rejoin the rotation as soon as next Tuesday, which would knock Sandoval down to No. 7 on the depth chart.Related Articles Kelly was suspended for eight games, which is more than 10% of the 60-game season. Kelly has appealed the suspension.The Angels are lined up to have Matt Andriese, Griffin Canning and Shohei Ohtani start the three games against the Astros.BIG IMPROVEMENTMax Stassi has three hits already this season, which is the same as he had in 42 at-bats with the Angels after he was acquired in a July 31 trade last year.Stassi, who hit a three-run homer Tuesday, said he retooled his swing over the winter to simplify it, a decision that was easy as as looking up at the scoreboard and seeing his batting average.“I mean, last year was terrible offensively,” Stassi said. “I mean, there’s no other way to put it. I battled a few things physically. That kind of turned into mentally and then my swing mechanically was off.” ANAHEIM — The Astros are coming to Angel Stadium this weekend for their first games against the Angels since news of their sign-stealing scandal broke last year.Despite the pandemic and the lack of fans to boo the Astros, major-league players clearly haven’t forgotten, a point made obvious when Dodgers reliever Joe Kelly incited a bench-clearing incident by throwing behind Alex Bregman on Tuesday.Angels Manager Joe Maddon said he’s aware some Angels pitchers might have hard feelings, but he’s encouraged them to think carefully about how they react.“We’ve talked about playing baseball, straight up,” Maddon said Wednesday. “That’s what I’m anticipating. That’s all I’m looking for. What happened yesterday, if you were immediately impacted by (the sign stealing), I could get it a little bit. But then you saw the commissioner’s response, regarding what happened. So you got to choose the method you want to incorporate, and I would prefer that we just go play baseball.” Angels’ poor pitching spoils an Albert Pujols milestone center_img Jose Suarez’s rocky start sinks Angels in loss to Astros Angels offense breaks out to split doubleheader with Astros Angels’ Mike Trout working on his defense, thanks to Twitter Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more