First home buyers are tipped to make a comeback with investor activity dampened

first_imgRenovation work is tipped to increase in Queensland.FIRST home buyers are tipped to make a come back now that the ability for investors to buy has been dampened.The latest Housing Industry Association market outlook report revealed the first homebuyer market was in “strong recovery’’ because banking regulators had introduced measures to make it harder for investors to borrow.It said increased government support in terms of grants for first home buyers was also helping.“Investors are cooling their involvement in the market as they face punitive taxes, rising effective interest rates and slower price growth,’’ it said.“Owner occupiers who are also first home buyers are now a growing share of the market, up from the very low participation that characterised much of the past five years.’’The report found the first homebuyer share of the owner occupier market had increased nationally to 17.9 per cent, from 13.8 per cent in December 2016, as a result of an increase in participation from first home buyers in all states and territories, with the exception ofTasmania.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus21 hours agoGrowing demand in Tasmania had led to increased home prices which had put off first home buyers.The other sector of the market to undergo a resurgence was renovations according to the report.It said the value of home renovations totalled $34.01 billion in the 12 months to September 2017 — the highest total for a 12 month period since 2012.While levels were high at the moment the HIA predicted growth in renovations would start to slow this later this year before speeding up again in 2020.“We project that renovations work in Queensland will decline by 4.4 per cent in 2018 with growth returning in 2019 (+3.7 per cent),’’ it said.“In 2020, the pace of expansion is anticipated to accelerate to 5.9 per cent with growth easing to 1.2 per cent in 2021.’’last_img read more

UFC: Usman Kamaru gets six-month medical suspension

first_img Usman will also be forced to avoid any contact for at least three weeks while the nose heals. Meanwhile, Masvidal, 35, will miss a month himself due to a forehead laceration sustained in his defeat. The American took the fight on just six days’ notice but failed to pull off a miraculous win. Loading… Nigeria’s Kamaru Usman has been handed a six-month medical suspension after breaking his nose against Jorge Masvidal during his Ultimate Fighting Championship (UFC 251) welterweight fight. Usman, nicknamed, The Nigerian Nightmare, suffered a broken nose as he retained his UFC welterweight title last weekend. The 33-year-old is now set to miss six months of action while he recupurates.Advertisement Masvidal has now been handed a 30-day medical suspension to allow a nasty gash on his face to heal.As with Usman, he will be forced to avoid any contact work for three weeks.Usman had been expected to next fight Gilbert Burns, his original opponent at UFC 251 before his positive test for coronavirus.But Usman has insisted he has another ideal candidate on his mind – former two-weight world champion Georges St-Pierre.The 39-year-old hasn’t fought in the Octagon since 2017 when he defeated Michael Bisping for the middleweight strap.Responding to a question on who he would love to fight next, Usman told TMZ Sports: “Honestly I would have to say Georges St-Pierre.center_img Read Also: Napoli keeping tabs on another Super Eagles star“Right now we’re tied for the record, most consecutive wins in the welterweight division.”“Georges is a tough guy, Georges is a legend, Georges is a guy that’s been around for a while…”FacebookTwitterWhatsAppEmail分享 Promoted ContentA Hurricane Can Be As Powerful As 10 Atomic BombsBest & Worst Celebrity Endorsed Games Ever Made5 Of The World’s Most Unique Theme Parks8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Black Hole Facts That Will Change Your View Of The Universe10 Phones That Can Work For Weeks Without Recharging9 Heroes Of Popular Memes Then And Now5 Of The World’s Most Unique Theme ParksYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Truly Incredible Facts About Black HolesThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 Amazing Shows From The 90s That Need A Reboot Right Nowlast_img read more