SHARE Email Facebook Twitter February 18, 2016 Criminal Justice Reform, Government That Works, Press Release, Public Safety, Results Harrisburg, PA – Governor Tom Wolf and leaders from both political parties and all three branches of government today launched an extensive review of the state’s criminal justice system as part of a new Justice Reinvestment Initiative designed to reduce ineffective corrections spending and invest those savings in proven public safety strategies.“A broken criminal justice system is a failure to deliver on the promise of a fair and just society, and we must all work together to ensure Pennsylvania leads the nation in rehabilitation and not incarceration,” Governor Wolf said. “While much progress has been made, there is more we can do and today is the beginning of an important process to look at how we can improve our criminal justice system from sentencing guidelines to our bail system. Working together, we can make many significant changes that will make our system fairer, improve public safety and save millions of dollars.”Pennsylvania currently has the highest incarceration rate among all states in the Northeast, despite reducing its prison population in recent years. The Council of State Governments (CSG) Justice Center, a nonprofit, nonpartisan organization assisting the state in its justice reinvestment approach, today released an overview of the state’s criminal justice system. Preliminary findings include:Pennsylvania is one of only four states in the nation where corrections spending exceeds expenditures on higher education;Between 2004 and 2014, corrections expenditures increased by 40 percent, from $1.5 billion to $2.2 billion.Over the same period, the state’s incarceration rate increased by 20 percent. Conversely, New York and New Jersey saw their incarceration rates drop by 20 percent and 21 percent, respectively.The Department of Corrections has requested $2.3 billion in state funds for the 2015–2016 budget, a 7-percent increase over the prior year.“When legislators from both sides of the aisle work together to tackle these tough issues, we create genuine results,” House Speaker Mike Turzai said. “We proved that with a justice reinvestment approach we took in 2012. That bipartisan spirit must be invoked again in order to build on the positive outcomes that we are seeing to create a safer and more cost effective system.”Indeed, the justice reinvestment approach has already proven to be effective in Pennsylvania. After the state’s prison population increased by 28 percent (from 40,090 to 51,184 people) between 2002 and 2012, a Justice Reinvestment Initiative conducted by the state in 2012 helped spur a decline in the population to 49,914 people by the end of 2015. These changes generated almost $13 million in savings, close to $4 million of which was reinvested in areas to enhance public safety, such as victims’ services, effective policing procedures, strengthening probation, and local reentry strategies.“Pennsylvania has certainly made significant headway over the last few years with strong improvements to our criminal justice system,” Senate President Pro Tempore Joe Scarnati said. “It is vital that we continue to work towards increasing efficiencies and reducing the costs of our corrections system. We need to reduce recidivism to benefit our communities and help ensure that taxpayer dollars that are being sent to Harrisburg are being used productively.”Despite the impacts from the 2012 reforms, other drivers of incarceration and costs at the state and local levels remain unaddressed. Therefore, the latest justice reinvestment effort will focus on the front end of the system, including sentencing and pretrial policies.“Our prisons were taking on increases of 1,500 inmates each year. In turn, our taxpayers were taking on enormous costs. The 2012 corrections and parole reforms halted a lot of that,” said John Wetzel, secretary of Pennsylvania’s Department of Corrections and board member of the CSG Justice Center. “But Pennsylvanians aren’t satisfied with simply treading water. They are counting on this process to curb costs while recalibrating our system so that resources are directed at strategies that can lower crime and recidivism rates.”To support the state’s new initiative, Gov. Wolf today also established a bipartisan working group of 35 representatives from the executive, legislative, and judicial branches of state and local government, as well as other criminal justice stakeholders.“I am honored to lead this bipartisan panel of experts as we work together to reform our criminal justice system in ways that make our communities safer, enrich the lives of those involved in the system and protect the interests of taxpayers,” said Josh Shapiro, chairman of the Pennsylvania Commission on Crime and Delinquency and chair of the working group. “Working together we will develop a comprehensive policy package that will strengthen our Commonwealth.”Throughout the year, the working group will guide the CSG Justice Center’s analysis of state and local criminal justice system data in order to develop policy options for introduction in the General Assembly during the 2017 legislative session.Chief Justice Thomas G. Saylor, who has joined the Governor and Legislative Leaders in supporting the process, noted: “Justice reinvestment provides a clear opportunity to do a thoughtful analysis of our criminal justice challenges. Judges, who are carrying out innovative practices in courtrooms across the commonwealth, have valuable perspectives that will help the working group identify practical policy alternatives.”The new initiative also received bi-partisan and bi-cameral support from all four chairs of the General Assembly’s Judiciary Committees.“The first wave of criminal justice reforms have finally started to drive down Pennsylvania’s inmate population and costs and have provided a means of investing in successful strategies to further drive down incarceration; however, this was just the beginning,” said Sen. Stewart Greenleaf. “We have broken the barriers to rethinking corrections policies on all fronts from rehabilitating non-violent drug offenders, to addressing mandatory minimum sentences, and expunging minor criminal records. I look forward to working with our partners on this latest justice reinvestment initiative to find more reforms and strategies to further reduce Pennsylvania’s inmate population and corrections spending.”“Working together to find effective and efficient ways to improve public safety is a fundamental responsibility of state government,” Rep. Ron Marsico said.“JRI has helped us reduce our prison population and costs,” Sen. Daylin Leach said. “It should be refined and continued, but it’s also time to consider whether spending tax dollars on lengthy prison sentences for nonviolent offenders make us any safer.”“In this first year serving as Judiciary Chairman, I have already seen the stark differences in outcomes across populations, counties, and offenses.,” Rep. Joseph Petrarca. “It is clear that we need to do more to control costs, protect the public, and improve outcomes for families”The CSG Justice Center has helped 24 other states—including West Virginia, North Carolina, and Ohio—apply the justice reinvestment approach. The initiative is made possible through funding from The Pew Charitable Trusts and the U.S. Department of Justice’s Bureau of Justice Assistance.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf Pennsylvania Leaders Launch Public Safety Initiative to Tackle Drivers of Cost, Incarceration, and Recidivism
May 18, 2020 El Gobernador Wolf destaca las funciones de la Agencia de Manejo de Emergencias de PA y de la Guardia Nacional en respuesta a la pandemia Español, Press Release, Public Health Cuando se trata de una crisis, estar preparados es fundamental. Hoy el Gobernador Tom Wolf destacó los papeles cruciales que desempeñan la Agencia de Manejo de Emergencias de Pennsylvania (PEMA, por sus siglas en inglés) y la Guardia Nacional de PA en la coordinación de la preparación y la respuesta del estado a la COVID-19. En una conferencia de prensa, al Gobernador se le unió el Director de PEMA, Randy Padfield, y el Coronel Frank Montgomery de la Guardia Nacional de PA.“Pennsylvania tiene un gran equipo que trabaja detrás de escena para coordinar nuestra respuesta al coronavirus”, dijo el Gobernador Wolf. “Quiero garantizar a todos los residentes de Pennsylvania que estamos en buenas manos con los equipos de PEMA y la Guardia Nacional. El entrenamiento y la planificación que realizan durante todo el año se prueba durante los ejercicios, y toda esa experiencia se pone en práctica ahora”.Junto con el Departamento de Salud (DOH, por sus siglas en inglés), PEMA ha estado observando al virus desde enero y estableció el centro de operaciones del DOH en PEMA antes de que el virus fuera detectado por primera vez en los Estados Unidos.El Centro de Coordinación de Respuesta del Estado (CRCC, por sus siglas en inglés) de PEMA, que generalmente se utiliza solo durante emergencias climáticas, se puso en marcha plenamente solo unas semanas más tarde para complementar los esfuerzos de planificación y coordinación del personal de docenas de organismos estatales y federales, y socios.PEMA trabaja con organismos de manejo de emergencias en cada uno de los 67 condados del estado para identificar y eliminar posibles problemas al proporcionar la guía y el apoyo necesarios para ejecutar sus planes de emergencia locales únicos. Estos incluyen la coordinación de los sitios de pruebas basados en la comunidad en el condado de Montgomery y, más recientemente, en el condado de Luzerne en el noreste con la Guardia Nacional de PA.“Estos sitios cumplen un papel crucial en la realización de pruebas a personas sintomáticas para comprender mejor la propagación del virus, especialmente en las áreas más afectadas del estado”, dijo el Director de PEMA, Randy Padfield. “Este es solo un ejemplo de los esfuerzos de coordinación que gestiona PEMA. Mantenemos nuestro compromiso de ayudar al Departamento de Salud, a otros organismos estatales y a los condados a responder a la crisis de la COVID-19 y a mitigar los efectos secundarios y terciarios de una crisis tan compleja y a largo plazo”.El Gobernador enfatizó el papel de PEMA en la obtención del sistema de descontaminación de cuidados intensivos de Battelle en el condado de Delaware por parte del gobierno federal. El servicio gratuito para descontaminar ciertas máscaras N95 ayuda a los proveedores de atención médica y a los socorristas de primera línea a prolongar la vida útil de los equipos de protección personal (PPE) al poder reutilizar estas máscaras de manera segura. El Gobernador resaltó que más centros médicos deben aprovechar este servicio.La Guardia Nacional de PA, presente todos los días en el Centro de Coordinación de Respuesta del Estado (CRCC), ha estado trabajando para brindar apoyo a los sitios de pruebas masivas y a los hogares de ancianos del estado que requieren más ayuda de la que se puede brindar con el personal del centro médico. Hasta el día de hoy, la Guardia ha asistido a 10 establecimientos de enfermería en el estado, que incluye a Brighton Rehabilitation and Wellness Center en el condado de Beaver.El Coronel Frank Montgomery brindó información sobre el papel que desempeña la Guardia en Brighton y otros centros médicos.“Los equipos se crearon para incluir asistentes médicos profesionales, enfermeras, médicos y fuerzas de propósito general para brindar apoyo a la dotación del personal, al igual que toda capacitación necesaria sobre el uso de los equipos de protección personal, los procedimientos para colocarlos y retirarlos, y las medidas de descontaminación”, dijo el Coronel Frank Montgomery, director del Apoyo Militar a la Guardia Nacional de Pennsylvania. “Es un honor para nosotros trabajar codo a codo con otro personal de atención de cuidado a largo plazo para prestar servicios a esta población vulnerable. Hasta la fecha, hemos brindado más de 3,500 días de apoyo a la dotación del personal a 10 centros médicos de cuidado a largo plazo, y actualmente todavía brindamos asistencia a cinco centros médicos”.PEMA trabaja mano a mano con la Guardia Nacional de Pennsylvania en sus misiones, que además de asistir a los hogares de ancianos, realiza tareas que van desde la distribución de alimentos hasta el establecimiento de sitios de pruebas masivas.“Los residentes de Pennsylvania no han tenido que preocuparse de que perdamos la ayuda federal por desastre, no han tenido que preocuparse de que los centros de 9-1-1 se vean saturados, y no han tenido que preocuparse de que no se atienda a otras emergencias durante la pandemia”, dijo el Gobernador Wolf. “Eso es todo porque PEMA hace su trabajo de manera eficiente y eficaz”.View this information in Spanish. SHARE Email Facebook Twitter
Homes are selling fast in Arcadia Currumbin, with two selling within hours of launch.“The homes are extremely popular because they are not your average townhouse, they are undoubtedly the best looking properties in the area and something our buyers will be proud to own,” Mr Cotterill said.“Quality, thoughtfully designed modern housing is in extremely short supply in this area and that is why astute buyers are jumping at the chance to secure a brand new home off the plan in Arcadia. “We sold two properties within hours of the project launching and inquiry continues to be strong.”Arcadia Currumbin is a joint project and is to be built by multi award winning builders Cru Construct (formerly Onyx Construct).The estate is more than twice the size of its sister estate and will be comprised of 33 luxury terrace homes.All homes boast double garages, three bedrooms, master with ensuite and walk-in-robe and functional open plan living zones, which flow to outdoor entertaining areas and private landscaped gardens. The homes, starting from $499,990 also feature stone bench tops and quality fixtures and appliances with project completion expected in August 2017. New estate in Currumbin is pulling in the buyers with its luxury terrace homes.LOCAL buyers are jumping at hot property on the southern Gold Coast, with 25 per cent of new estate Arcadia Currumbin selling within two weeks of launch. Arcadia sales and marketing manager Teek Ireland said it was definitely a locally dominated market with both agents and buyers showing a significant demand for quality homes in the emerging suburb.“You will not find a brand new property in this price bracket in the area, it is a very unique opportunity and locals have been quick to act, beating many of our interstate and international clients to the punch,” she said. Arcadia Currumbin offers 33 designer terrace homes in a sought after suburb.Ms Ireland said the groups Currumbin Pocket buyers from 2015 had already seen significant capital growth in their properties in less than a year. “The housing demand is booming on the southern Gold Coast and from an investment perspective, with rental vacancy at less than one per cent, returns are undeniably strong for quality town homes,” Ms Ireland said.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours ago“There is a firm infrastructure base in the area with close proximity to the airport, tourism hubs, Southern Cross University; Pacific Fair, John Flynn Private Hospital; not to mention the lifestyle benefits of coastal living and some of the best beaches in the world”.One of Arcadia’s top selling agents Mr Lance Cotterill of North Estate Agents said Arcadia Currumbin was already proving it would be as equally successful as its sister estate Currumbin Pocket.
Seabright met all expectations of buyers Kyle Martin and Morgan Wall.Priced from $449,000, Seabright’s three-and four-bedroom homes have open-plan living spaces connecting with a covered patio, kitchen with stone benches and stainless-steel appliances, a double lockup garage and Colorbond roofing. Some designs also include a multipurpose family room.Seabright is a short walk to the village amenities at Jacobs Well and the boat ramp. Villa World welcomes Seabright’s new residents including first-home buyers Morgan Wall and partner Kyle Martin.VILLA World has welcomed the first residents to its popular Seabright community at Jacobs Well as sales gather pace at the northern Gold Coast development.First-home buyers Morgan Wall and her partner Kyle Martin have just settled into their three-bedroom, two-bathroom home.Ms Wall said they were attracted to the peace and quiet of Jacobs Well and its proximity to the Gold Coast and Brisbane.She said Seabright’s offering had met all the couple’s expectations for their first home.“It was new and affordable while also being in a lovely waterside location that has easy access to the M1,” Ms Wall said. Their new home has two living areas and is on a 480sq m corner block.“We’ve always lived in coastal locations, which is why we love Seabright,” Ms Wall said.“And we are now closer to our workplaces at Logan and in the Brisbane CBD.”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North9 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoSeabright at Jacobs Well.The couple will be meeting their new neighbours soon, with all homes in stage one now complete. Both the first and second stages of the 107-home community are now sold out and stage three is about to be released to the market.Villa World development manager Peter Johnson said Seabright was one of the company’s fastest-selling projects.“The response from buyers has been overwhelming and this has prompted us to bring on the third instalment of Seabright,” Mr Johnson said.
The living area ta 80 Albert St, Margate.The home has one modern bathroom while, in the kitchen, there are stone benchtops and 2-pac cupboards.Outside there is a deck as well as a covered outdoor entertainment area which overlooks a fully fenced yard. The home at 80 Albert St, Margate.THIS cute cottage is within walking distance of the beaches of Margate.The house at 80 Albert St is listed for sale with offers in the high $400,000s.Owners Roy and Sharon Sharpe said they loved the fact there was nothing left to do but relax and unwind in what they considered one of the prettiest gardens around.“Our home and garden is well laid out, with a practical design that reduces effort and is very functional,’’ Mr Sharpe said. The outdoor entertaining area at 80 Albert St, Margate.“We love dining outdoors together as this is a peaceful and protected garden from all the elements in summer and winter. ”Inside, the home has reverse-cycle airconditioning, ceiling fans and a functional kitchen.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019There is a north-facing alfresco area and there is also rear access to the property, where there is a powered shed/garage.There is space on the 412 sqm block to potentially park a caravan or boat. The kitchen at 80 Albert St, Margate.There is also easy access as the property has two-street frontage.The two-bedroom home is about a five-minute walk from running and walking tracks, beaches, cafes, shops and the local jetty.It has 4.5kw solar electricity and a rainwater tank and there is a heated outdoor shower.There is an additional room, which could be used as a craft room or an office.The main bedroom has double wardrobes and there are polished timber floors throughout the house.
How to avoid a renovation disaster: don’t fall into these three traps.YOU’VE seen how easy it looks on The Block, but how can you be sure forking out $100,000 on a home renovation will pay off?The latest ABS lending finance figures show loans for renovations hit 7-year highs in trend terms in June.And if you thought renovating was already expensive, new figures show costs have spiked a further 8.9 per cent in Queensland year-on-year.ServiceSeeking.com.au’s Tradie Price Index reveals tradespeople in the state are now charging on average $61.20 per hour.Plumbers in Queensland are the most expensive — charging $79.20 an hour, followed by electricians at $74.10 an hour.“Most Queensland tradies are benefitting from an increase in renovation activity,” ServiceSeeking.com.au CEO Jeremy Levitt said.CommSec senior economist Savanth Sebastian said the latest lending finance figures showed people were borrowing more money for home alterations and additions.Mr Sebastian said the data suggested more people had decided to stay put and add extra rooms or revamp kitchens and bathrooms, while others might be sprucing up their homes for sale, following the advice on TV makeover shows.More people are spending up big on renovating their home.“Whether it is the purchase of a new property or updating an existing abode, the family home is the centre of the universe,” he said.Buyer’s agent Nathan Birch, of property investment group Binvested.com.au, believes too many of us are overcapitalising on renovations and throwing money down the drain.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREThe 31-year-old, who has accumulated a portfolio of more than 200 properties worth $50 million, says you need to have a clear reason for doing the renovation in the first place to ensure the numbers add up.“People watch shows like The Block and think they ‘need’ to renovate, or that it will be easy,” Mr Birch says.“Sponsorships knock down materials and labour costs and there’s a whole team of contractors working behind the scenes.“If you aren’t a reality TV star — make sure you’ve done your homework.”Mr Birch suggests first asking yourself if you’re renovating to rent or to sell:TO RENT:“I paint every wall the same colour, including the ceiling,” he says.“I use a colour called ‘Whisper White’ which comes out looking like two different shades from the wall to the ceiling. Sticking to one colour has saved me a lot of money and time.”He also uses dark carpets, as they can easily get destroyed by tenants.TO SELL:Mr Birch says he’d look at the same things but with some added finishing touches, for example a feature wall and lighter carpets to make it feel homely and appeal to the emotion of the buyer.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours ago“The single biggest mistake people make is renovating to their personal taste,” he says.“You need to consider the market. Just as when buying a property, research is your best friend here. Start by looking at what features other properties in the area have.”The suburbs families are flocking to Property mogul sells luxury unitRiverfront reno sells for mega sumNew wall and ground for a modern extension of a house.THREE RENOVATION TRAPS TO AVOID:1. Believing you need to renovate before you sellAsk yourself why you’re doing a renovation, Mr Birch says. ‘What is the purpose and how much value will it add?” Get an expert valuation on your property and look at the features and sale prices of other properties in your area.2. Renovating to your personal tastesThe market knows best. Don’t fall into the trap of believing everyone wants the same things you do. Be careful to avoid ‘trends’ that will go out of fashion and make sure the renovation reflects the local community.3. Overspending on materials and labourDo a cost analysis and look at where every dollar can be spent and saved, Mr Birch says. For example, often a handyman can do the same job as a specialist for a fraction of the cost.“The renovation needs to be increasing the rental value or sale value beyond what you’ve spent or the exercise is redundant.“There’s no rule of thumb when it comes to how much to spend — it comes down to what the job will cost and what the return on investment will be.“If you’re not going to see a return on your investment, don’t do it.”
Aerial view of residential housing in Queensland. Picture: AAP/Dave Hunt.Queensland, Western Australia, Australian Capital Territory and the Northern Territory all experienced an increase in first home buyers during the June quarter, with the territories recording growth of 49.6 per cent and 40 per cent respectively.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour ago“The average loan size to first home buyers increased by 1.2 per cent over the June quarter and 0.6 per cent over twelve months to $365,600 with the average loan size to first home buyers decreasing in South Australia, Tasmania and the Australian Capital Territory over the quarter,” Mr Kasehagen said.“Year on year, the average loan size to first home buyers increased in New South Wales, Victoria, Queensland and the Northern Territory.”This is what you’ll get for $4.6m in BrisbaneThe 10 worst postcodes for mortgage stressHomes that’ll make you go greenThere was also some relief for renters during the June quarter.The proportion of median family income required to meet rental payments dropped by more than half a per cent to 24.3 per cent.Rental affordability improved slightly in Queensland, dropping 0.7 per cent to 23 per cent of income required to meet median rents. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:25Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:25 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. 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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 Rate1xFullscreenFirst home buyer struggles01:25FIRST home buyers have made a bold return to the property market after months on the sidelines, with Queensland welcoming the biggest increase.The latest report from the Real Estate Institute of Australia and Adelaide Bank reveals the number of loans to first time buyers increased by 14 per cent during the June quarter, with increases in all states and territories except Tasmania.That’s despite government grants for first time buyers in some states not coming into effect until July 1.Queensland welcomed more first-home buyers into the market than any time in the past year, with the number of loans increasing by nearly 12 per cent in the June quarter and almost 20 per cent compared to the same time last year.The average loan size for first home buyers in the state increased 1.5 per cent during the quarter to $296,033.Real Estate Institute of Queensland spokesperson Felicity Moore said that confirmed the Queensland market’s viability and good value proposition.“It’s also a reflection of the impact of the Government’s first-home buyer grant boost of an additional $5000 to a total of $20,000,” she said.“Young Queenslanders have seized upon the opportunity to jump on the property ladder and take their first steps to personal wealth creation.”Of all buyers in the market for their first home in the three months to June 30, more than a quarter were from Queensland.But Victoria tops the charts as the state with the largest number of first home buyers, followed closely by Queensland.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:34Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:34 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenMonthly Core Index: August00:34The June quarter edition of the Adelaide Bank/Real Estate Institute of Australia Housing Affordability Report shows a slight decline in housing affordability nationally, with the proportion of median family income required to meet average loan repayments increasing by 1 percentage point to 31.4 per cent — just above the 30 per cent threshold usually used to define mortgage stress.In Queensland, the proportion of income required to meet home loan repayments increased by half a per cent during the quarter to 27.2 per cent.That’s up a modest 0.2 per cent on the same period a year ago.The average monthly loan repayment in Queensland increased to $1,948, from $1,933 a year earlier.And the median weekly family income in the state is $1,651, according to the report.But Adelaide Bank head of business development Darren Kasehagen said that shouldn’t overshadow the good news that first home buyers had made a comeback. Real Estate Institute of Australia president Malcolm Gunning.Real Estate Institute of Australia president Malcolm Gunning said that while housing loan affordability had declined across the country, rental affordability had generally improved.“This improvement was recorded across all states and territories except in Tasmania and the Australian Capital Territory,” he said.“Historically, rental affordability declined markedly from the June quarter 2007 reaching its lowest point in the March quarter 2010.“Since then rental affordability has been showing a trend improvement reflecting the pick-up ininvestment in housing from the end of 2011.”
The view from 497 Royal Esp, Manly.That’s almost five times the median house price for Manly, which CoreLogic had at $765,000 over the 12 months to August this year, while realestate.com.au had the median at $800,000 for data to November 13. Mr Sorrentino said the attraction of the new record holder was clear.“It’s in front of the Royal Esplanade, it’s a big block of land — almost 1300sq m and it’s a beautiful plantation home right in front of the marina.” He said the new owners were local residents who had been looking for a while. The home at 497 Royal Esp, Manly.A RARE waterfront home has smashed the house price record in Manly by almost $1 million. The five-bedroom property at 497 Royal Esplanade went under contract for $3.89 million, blitzing the previous record of $2.7 million set just a month earlier. Agent Marc Sorrentino of Place, who had sold both houses, said the area had seen a surge that was not likely to stop any time soon. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“Last month I sold 43 Wellington St, Manly and created new record for the area of $2.72 million and that beat my record of last year which was $2.5 million. Now this has totally blown the record.”
Despite a rise in earnings, Aussies have cut back on spending as record low rates spur on new housing. Picture: AAP IMAGE/Troy Snook.RECORD low interest rates have spurred not just a rise in new home building, but for the first time in five quarters, Aussie households are saving again.A strong savings habit has been the cornerstone of a rise in home ownership in Australia, which has become supercharged after falling interest rates in recent years.Latest Australian Bureau of Statistics national accounts figures found households had turned a corner and it’s coming at a time when gross domestic product (GDP) also grew 0.6 per cent, which was 2.8 per cent higher than the same time last year.ABS chief economist Bruce Hockman said despite a 1.2 per cent rise in wage growth, Aussies had brought consumption growth down to just 0.1 per cent.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours ago“This weak household spending combined with growth in household income resulted in an increase in the household saving ratio for the first time in five quarters,” he said in a statement. Earnings have gone up, so has housing construction. Picture: Jodie Richter.A whopping 17 out of 20 industries saw positive growth in the September quarter, according to ABS, with Housing Industry Association senior economist Shane Garrett seeing a welcome “bounce” in new home building of 1 per cent.“Interest rates are remaining lower for considerably longer than expected and this has provided detached house commencements with a bounce — something that (the) GDP figures have captured,” he said.“In addition to this, building activity on the ground remains buoyed by the task of completing the large volume of new homes which were commenced last year.”He expected a modest slowdown in new home building activity going forward, with pressure coming off restrictions on foreign investor participation in key housing markets and another round of APRA constraints.“Australia’s economy is still not growing quickly enough to warrant an increase in interest rates any time soon. We need interest rates to remain very low in order to nurture a healthier pace of economic expansion.”
The home at 22 Grenadier St, Bray Park, is on the market in one of Mark Rumsey’s hot suburbs.WITH Pine Rivers still proving affordable for first homebuyers, a real estate expert is predicting a year of solid growth for the region.Mark Rumsey of David Deane Real Estate said he predicted market activity would remain strong throughout 2018.“I expect prices will continue to edge higher as the university draws closer to completion and the inner city prices start rippling out and having their affect,” he said.“Strathpine, Lawnton, Bray Park, Petrie and Kallangur will be the stars, however all suburbs will feel the effect.”More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019Mr Rumsey said he expected the lower end of the market to “surge ahead” and push up prices across all price brackets.“We are fortunate to still be affordable for first homebuyers with median prices still hovering around $400,000,” he said.“Investors will like the solid prospects for reasonable rental yield of 4.5-5 per cent and the good prospects of capital gain.“Units and townhouses are well under true market value and should correct in the coming one to two years.”Mr Rumsey said the heat in the lower end of the market would have a flow-on affect at the higher end.“Families and couples can take the opportunity to upgrade to their dream homes cashing in on selling at higher than average prices and the cheap interest rates still on offer,” he said.“This year would definitely be a good time to enter the market (but) saving for a deposit could be difficult if prices were to accelerate faster than savings.”