Teen spirit on the rise among first home buyers as Queensland hits its highest level in almost a decade

first_imgLouka Bogiatzis,19, has just built. Picture: Nigel HallettQUEENSLAND is seeing a rise in teenagers getting a foot on the property ladder with first home buyers hitting their highest level in almost a decade.Latest ABS figures show over one in four new home loans went to first home buyers in Queensland (26.6 per cent), with 18 to 19-year-olds among newbies that have jumped at strong concessions in the market.Houseandland.com.au chief executive Dean Kyros said there was “an urgency” now, with first-timers as young as 18 to 19 using “creative finance” to get in the market.“First home buyers are coming in as early as 19, concerned over the ever-increasing price of real estate. There’s an urgency that wasn’t there before and a fear of the market outpricing them.”SMART BUYING: Young couple lands major bargainBUYING FRENZY: Young buyers bid millions for unseen propertyGET ALL THE REAL ESTATE NEWS DIRECT TO YOUR INBOXHe said the state’s youngest buyers were getting in the market via a combination of Queensland’s generous $20,000 first homebuyer grant, developers chipping in with $10,000-plus rebates on house and land packages, savings they’d built from after-school and holiday jobs, and parents contributing either a donation or loan guarantees.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoAbout 47 per cent of 15 to 24-year-old Queenslanders studying full-time also had either a full-time or part-time job, while 76 per cent of those not studying were in employment, ABS labour data out yesterday said.Finder.com.au money expert Bessie Hassan said the rise “goes to show that the first homebuyer grants may be helping”.“While housing affordability is considered an issue around the nation, home loan rates are still historically low.” Queensland first home buyers have a much clearer path to ownership than other states. Picture: Jodie RichterTeenage mortgage holder Louka Bogiatzis saved for four years to buy his Coomera new build house.“I’ve been working after school and saved about $80,000 and my parents did help me through it,” he said.“I had the first home buyer grant of $20,000, paid $40,000 deposit for the contract for the land and home. I am now working full-time with better income so I’m saving up again. I plan to live in this one and I’m hoping to do another two more.”PRDnationwide’s Dr Diaswati Mardiasmo said Queensland had the second highest jump in first home buyer loans in the country over the past 12 months (up 8.5 per cent) with affordability levels above the Australian average.Mr Kyros said younger first home buyers were coming in all sorts of joint arrangements “from two friends coming together as well as couples and siblings”, with the key teenage homebuyer criteria being stable employment, a deposit and access to funds like parental guarantees.last_img read more

Bringing back the fish

first_imgANNOUNCEMENT on July 16 that 2500 freight wagons will be built for US-owned freight operator EWS over the next five years – at the former carriage works in York in association with Thrall Car – is one of the most encouraging events on the British scene in the traumatic five years since the last government began setting up the tortuous structure of today’s railway.This journal had often suggested that privatisation should start with freight, a view we recalled while listening to EWS Managing Director Ian Braybrook address delegates to The Railway Forum’s ‘Revitalising Rail – A Shared Aim’ conference in London on July 7. Rail freight in Britain had suffered ’50 years of decline, no belief in growth and lack of investment.’ Instead EWS is putting in place an aggressive policy to ‘restore rail freight as a credible transport alternative’ and ‘triple the business over the next 10 years’. With road haulage ‘on the brink of crisis’, EWS is wasting no time in trying to win back traffic lost to the lorry: ‘just wait until we start moving the fish again – and we will’, promised Braybrook.Even with a buoyant economy, just 6·5% of freight moves by rail in Britain today. EWS carried 90 million tonnes last year, 7 million of which was maintenance materials for Railtrack. The wagon order and arrival in the next few years of 280 locomotives from General Motors underline the company’s faith in its future, but its ability to achieve the goals it has set itself depends heavily on other parties in the business keeping their promises too. Prof Brian Mellitt, Railtrack’s Director, Engineering & Production, told the Forum’s audience of top managers that ‘we have the future of Britain’s railways in our hands’, while Rail Regulator John Swift urged that ‘now is the time to look ahead’. Persuading its own members, the government and its successors to take a serious interest in what the railway should be like in 2020 and beyond is arguably the greatest challenge facing The Railway Forum.last_img read more

PRO-6 hotline for SAP receives 87 complaints

first_imgThe probe team is now validating them, according to Police Lieutenant Colonel Gilbert Gorero, public information officer of the PRO-6. * violation of Republic Act 3019 (Anti-Graft and Corrupt Practices Act) * violation of Article 171, Paragraph 4 of the Revised Penal Code (RPC), “Falsification of Public Officer, Employee or Notary or Ecclesiastic Minister” ILOILO City – As of 5 p.m. of May 13 the Police Regional Office 6’s (PRO-6) hotline (09998654625) had received a total of 87 text messages alleging irregularities in the distribution of the cash assistance from the government’s Social Amelioration Program (SAP) in Western Visayas. These messages were forwarded to the Criminal Investigation and Detection Group (CIDG) Region 6 for further validation and subsequent conduct of investigation if evidence warrants. “In this time of pandemic, corruption has no place in Western Visayas,” said Police Brigadier General Rene Pamuspusan, PRO-6 director.center_img He appealed to the public to report to the nearest police stations or to its hotlines any anomalies and irregularities in the distribution of the SAP./PN Recently, policemen initiated appropriate charges against four individuals in Negros Occidental over SAP. The charges were for: * violation of Article 172, Paragraph 1 of the RPC “Falsification by Private Individual and Use of Falsified Documents” The PRO-6 also brought four other complaints from Capiz to the Joint Task Force CV-Shields.last_img read more

Cumberworth Named to Board of Youth Ranch

first_imgRIPLEY COUNTY, Ind. — Ripley County Sheriff Jeff Cumberworth has been named to the board of directors of the new Indiana Sheriffs’ Youth Ranch, a not-for-profit that will offer free leadership camps and training to future law enforcement officers and at-risk kids.Steve Luce, executive director of both the Indiana Sheriffs’ Association and the Indiana Sheriffs’ Youth Ranch said Cumberworth was selected because of his displayed dedication to public safety, especially the kids of Ripley County.As a board member, Cumberworth will help develop the Youth Ranch property and programming.The Youth Ranch is located on State Road 59 in Clay County between Interstate 70 and Brazil, Ind.last_img

Local foundation takes unique approach to funding family-related agencies

first_imgNapoleon, In. — In a very unique fashion, the Ripley County Community Foundation awarded three grants to agencies that work to improve the lives of families and children in the county. Phi Beta Psi XI Chapter received a $1,500 grant, Samaritan’s Hope Chest was awarded a $1,000 grant and the Batesville Memorial Public Library receives a $500 grant.Executive director Amy Streator says attendees at the “Queen of Hearts” luncheon at the St. Maurice Hall in Napoleon decided which organizations got the grants.Allowing participants make funding decisions allows donors to be closer to the ward process.last_img

Davenport Speedway cancels races

first_imgDAVENPORT, Iowa (Aug. 12) – Davenport Speedway has canceled the racing program scheduled for tonight (Friday) due to rain.Petersen Plumbing & Heating IMCA Late Models, Eriksen’s IMCA Modifieds and the Hawkeye Auto IMCA Northern SportMods. Will be back in action on Friday, Aug. 19.The rainout also means that Kids’ Night and Mechanic Races originally scheduled Aug. 19 will be held on Season Championship Night  Aug. 26.last_img

IMCA sponsors fill Manufacturers’ Row at Super Nationals

first_imgIMCA sponsors will offer a wide range of high performance products for use during the week of Sept. 2-7. They’ll also display a variety of new products for use in IMCA competition in 2020. Companies confirmed for Manufacturers’ Row locations include: BOONE, Iowa – Nearly 40 vendors will be represented on Manufacturers’ Row during the upcom­ing IMCA Speedway Motors Super Nationals fueled by Casey’s.  Aero Race Wheels, AFCO, Allstar Performance, B & B Racing Chassis, Bassett, Bilstein, Bob Harris Enterprises, BSB Manufacturing, Day Motor Sports, Dynamic Drivelines and Eibach.  Fast Shafts, Finishline Racing Products, Fox Shocks, Genesis Racing Shocks, Harris Auto Rac­ing, Hyperco, Integra, Jerovetz Motorsports Shock Service, Karl Kustoms, Kevko, KMJ Perfor­mance and MD3. Manufacturers’ Row will be located in the northeast corner of the Boone Speedway grounds and open from approximately 9 a.m.-5 p.m. each day and accessible from the pit area through gates on the west and east end of Manufacturers’ Row. And Motorsports Warehouse, Performance Bodies, Performance Engineering & Manufacturing, Razor Chassis, RH2, Shaw Race Cars, Sybesma Graphics, Tire Demon by Love Tap, Velocita, Wehrs Machine and Racing Products and Wilwood.last_img read more

Tipp to monitor O’Riordan ahead of Kerry clash.

first_imgO’Riordan captained Tipperary footballers to an Under 21 Munster Football title earlier this year.The JK Brackens player went off injured against Waterford last Sunday when the Premier County had a convincing win on home soil.Tipperary selector Michael O’Loughlin is pleased that Colin has been declared fit for the Kerry game and says they will monitor the situation closely over the next ten days.last_img

Tipp prepare for Munster Semi Final

first_imgHe’s delighted with how Tipp dealt with the challenges posed by the Rebels…while Captain Brendan Maher said he was pleased to have gotten over this hurdle. Tipperary have a Munster Senior Hurling Championship Semi-Final to look forward in just under four weeks’ time.The defending provincial champions set up a meeting with Limerick by beating a lacklustre Cork side 0-22 to 0-13 at Semple Stadium yesterday.It was manager Michael Ryan’s first championship match at the helm of the Blue and Gold.last_img