Surge in first home buyers taking up Queensland government grant


first_imgNew homes under construction in Mango Hill, north of Brisbane. Image: AAP/Dan Peled.He said boosting the grant had also encouraged investment in new housing stocks with on-flow benefits for local contractors, subbies and suppliers who rely on the building industry.Mr Pitt said housing affordability was also a motivating factor in many people’s decisions to move to Queensland from southern states.“Already in the 12 months to March this year we’ve seen 15,716 people move up in the world to Queensland, the majority of those were from New South Wales,” he said.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 ago“Our First Home Owner’s Grant is far more generous than those currently available in Sydney and Melbourne, and another incentive for southerners to make the move to the Sunshine State.” Migration to Qld highest in years Renters still suffering after cyclone The nation buying 8 per cent of new Qld homes More than 8000 people have accessed the first homebuyer grant in Qld since it was boosted to $20,000.THERE has been a surge in the number of people taking advantage of a boost to the Queensland government’s First Home Owner’s Grant.More than 8000 grants worth $162 million have been approved since July 2016 when the state government increased the incentive for first home buyers to $20,000 from $15,000.Nearly half of those (3100) were approved in the past three months after the grant was extended from June 30 to December 31 in the 2017 state budget.Treasurer Curtis Pitt urged Queenslanders to get in before the increased grant expired, but did not say whether the government was considering extending the grant further.The $20,000 grant is available for people buying newly built dwellings worth up to $750,000.“Greater investment in new housing stocks can help address housing supply issues and can assist in making new home ownership more affordable, at a time when home affordability can be a challenge,” Mr Pitt said. Queensland Treasurer Curtis Pitt. Image: AAP/Josh Woning.Victoria is catching up though, with the state government this week announcing first home buyers in the state’s regions now have access to a $20,000 grant — double the $10,000 grant available to city dwellers in the state. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Master Builders Queensland deputy chief executive Paul Bidwell welcomed the strong take-up of the grant since it had been extended, but said a further extension would be even more beneficial.“We pushed hard for an extension,” he said.“Whether we get another extension remains to be seen.”Mr Bidwell urged the state government to consider other incentives, including reducing transaction costs, which were another major impediment to buying a home in Queensland.He also noted that only around 10 per cent of first-home buyers actually purchased new properties.last_img read more

Managing director of largest Swiss pension fund to step down


first_imgDieter Stohler, managing director of Publica, Switzerland’s largest pension fund according to IPE Top 1000 data, is to step down.The CHF40bn (€36bn) public pension fund this morning announced he had submitted his resignation with effect from the end of September 2020. He had given the extra advance notice to facilitate a seamless transfer of office, it added.Stohler became director of Publica, which is the pension fund for Swiss public servants and selected authorities, at the beginning of 2012. He joined from the pension fund for the city of Basel, which he had led as chief executive since 2000. Before that he headed the supervisory authority for foundations and occupational pensions for the canton of Basel-Landschaft.According to Publica, Stohler had expressed a desire to take up self-employment in order to carry out various roles in occupational pensions in Switzerland. Its board of directors expressed its thanks and appreciation to Stohler, saying that, since assuming his position as managing director, he had “optimised” the fund in various ways and, together with the board of directors, had “set an important course for the future”. Dieter Stohler, managing director of PublicaPublica also drew attention to numerous cuts it had made to the conversion rate and the technical interest rate during Stohler’s tenure at the pension fund, saying these adjustments had been able to be implemented “in a socially acceptable manner”.It also highlighted that administration costs per member had fallen by more than 20% since 2012 and that the pension fund’s information technology systems had been completely rebuilt.Stohler recently spoke to IPE about Publica’s perspective on UK assets against the backdrop of Brexit.Publica is organised as a collective institution and runs money for 20 pension plans, 13 of them open and seven of which are closed.last_img read more

Tuesday December 10th Local Sports


first_imgMASON CITY — For the first time in 40 years and for only the second time in school history, the NIACC men’s basketball team is the top-ranked team in the nation. The Trojans moved into the #1 spot in the junior college Division II rankings on Monday after being ranked second last week, with NIACC picking up a 98-68 win over Southwestern to open up conference play. Last week’s top-ranked team, Johnson County Community College of Kansas, dropped a game to North Central Missouri College 91-79. The last time NIACC was ranked #1 was in the January 11th, 1978 poll, when there was only one division for all of junior college basketball. Following the Trojans in the poll’s top five are Schoolcraft of Michigan, Sullivan County of New York, South Suburban of Illinois and North Central Missouri. Conference foes DMACC and Kirkwood are ranked seventh and 12th in this week’s rankings. NIACC’s top ranking will be tested this weekend as the Trojans head to Overland Park Kansas to face now-10th-ranked Johnson County on Friday and 19th-ranked Highland on Saturday.== In the women’s rankings, Kirkwood and NIACC are #1 and #2 in this week’s poll. Kirkwood remained #1 from last week’s rankings, getting all of this week’s first-place votes. NIACC moves up one spot to the second rung in the rankings with a perfect 12-0 record. Rounding up the top five are Kansas City Kansas, Lincoln Land of Illinois and Johnson County. CEDAR FALLS — The Northern Iowa men take an 8-1 record on the road to play Colorado tonight. The Buffs are ranked 24th and coming off their first loss of the season at Kansas.That’s UNI coach Ben Jacobson who says Tad Boyle has built a solid program.After tonight’s game the road trip continues Thursday at Grand Canyon University. IOWA CITY — After giving up 103 points in a loss at Michigan Iowa picked it up defensively in a 72-52 win over Minnesota, as you heard last night on AM-1300 KGLO. Joe Wieskamp scored 16 of his game-high 23 points in the first half.After scoring 44 points in the loss at Michigan junior center Luka Garza added 21 points and 10 rebounds.Iowa coach Fran McCaffery says it was Wieskamp’s defense in the second half that halted a Gopher rally.Iowa is 7-3 overall and 1-1 in the conference and will travel to Iowa State on Thursday. Tipoff is scheduled for 7 o’clock with the pre-game at 6 o’clock on KGLO. TONIGHT:AM-1300 KGLO, — Newman vs. Nashua-Plainfield — girls 6:15, boys follow AMES — Iowa State quarterback Brock Purdy looks forward to the chance to play Notre Dame. The Cyclones and Fighting Irish collide in the Camping World Bowl in Orlando on December 28th.Purdy says the Cyclones knew who they were playing by the time they got to the team meeting.Safety Greg Eisworth on playing Notre Dame.The Cyclones will return to practice later this week. IOWA CITY — Iowa defensive end A.J. Epenesa says the Holiday Bowl offers a marquee opponent for the Hawkeyes. After a 9-3 regular season the Hawkeyes will play USC in their first visit to the Holiday Bowl since 1991.Iowa junior receiver Ihmir Smith-Marsette.Defensive back Michael Ojemudia says the USC passing attack offers a challenge.The Holiday Bowl is Friday December 27th with a 7 o’clock Iowa time kickoff. MASON CITY — The Clear Lake girls outscored Mason City 8-1 in the final 54 seconds of the game to pick up a 71-64 win last night in Mason City, as you heard on AM-1490/96.7-FM KRIB and Sara Faber had 26 points while Darby Dodd had six three-pointers to add 22 points off the bench for the Lions, who are now 4-0 on the season. Clear Lake was 23-27 from the free-throw line, including 13-16 in the fourth quarter. Anna Deets led Mason City with 29 points while Jaeda Whitner added nine. The Mohawks went 20-25 from the free throw line, but suffer their first loss of the season, dropping to 4-1.== After being down by 16 midway through the third quarter, the Clear Lake boys went on a 29-10 run in the final 12 minutes of the game to beat Mason City 67-64, as you also heard on KRIB. Junior Andrew Formanek had 27 points to lead Clear Lake, while Jack Barragy added 13 and Carson Toebe had 11 for the Lions. Jeff Skogen had 22 points while Corey Miner added 18 for the Mohawks, who drop to 2-1 on the season.Both Clear Lake teams travel to Iowa Falls-Alden on Friday in North Central Conference play, a doubleheader you’ll hear on KRIB starting at 6:15 with the girls game with the boys game to follow. The Mohawks will travel to West Des Moines on Friday to take on Valley, a doubleheader you’ll hear starting shortly before 6:15 on AM-1300 KGLO and kgloam.comlast_img read more