Brisbane home values on track for strongest monthly rise in 5 yrs

first_imgHouses and apartment buildings are seen against the Brisbane CBD skyline. Image: AAP/Darren England.BRISBANE home values are on track to record their strongest monthly rise in five years, as the housing market recovery gathers steam, new figures reveal.Preliminary data released exclusively to The Courier-Mail by property analyst CoreLogic for the first 28 days of October reveal dwelling values in the Queensland capital have increased 0.8 per cent.That would be the best monthly result since 2014 and the fourth straight month of gains. RELATED: Worst over for Brisbane housing A subtle rise in home values is expected in Adelaide, while Perth values have continued to trend lower over the month to date.AMP Capital chief economist Shane Oliver said the boost from the federal election result, RBA rate cuts and the relaxation of the seven per cent mortgage rate serviceability test were driving a bounce in home buyer demand. The Reserve Bank of Australia is expected to cut interest rates again before the end of the year. Image: AAP/Dan Himbrechts.Mr Oliver said that was evident in the continuing rebound in auction clearance rates.Economists are still pencilling in another interest rate cut for November or December.The final home value index results for October will be released on Friday, November 1. Preliminary CoreLogic data reveals Brisbane home values are on track for a fourth straight month of gains. Photographer: Liam Kidston.It follows a 0.1 per cent increase in values in September, a 0.2 per cent rise in August and a 0.2 per cent in July.CoreLogic research director Tim Lawless said the recovery in Brisbane home values was being driven by strong population growth, housing affordability and a substantial slowdown in construction activity.“We can confidently say the (Brisbane) market is in a phase where values are rising,” Mr Lawless said.But Mr Lawless said he would like to see “a few months of consistently strong performance”.“Let’s keep in mind it’s only one month (of strong gains),” he said.“But it’s a hint the market’s starting to respond to all this stimulus.” CoreLogic research director Tim Lawless.Across the five major capital cities, the index is up 1.2 per cent over the first 28 days of this month — the fourth consecutive month of rises since house prices bottomed in June.Mr Lawless said the improved housing market conditions were becoming more geographically diverse, although Sydney and Melbourne continued to lead the growth trend.Sydney home values are on track to post 1.5 per cent growth for October, while Melbourne is shaping up to record a rise in values of 2.1 per cent.“Low interest rates and better access to credit are having a positive effect on growth conditions,” Mr Lawless said. More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThe housing market recovery continues to gather steam across Australia. Photographer: Liam Kidston. MORE: Rental vacancies tighten across Qldlast_img read more

IfeanyiUbah Partners Yobo Centenary Game

first_img“Dr Ifeanyi Ubah has endorsed the Yobo Centennial Game. He has promised to use two of his companies, FC IfeanyiUbah and the Authority Newspaper to be brand ambassadors for the testimonial match,” revealed Akanni yesterday.While expressing his happiness over the coming of the top businessman to the testimonial project, the former chairman of Lagos State Football Association stressed that Dr Ubah has shown to football loving Nigerians that he is truly a man of the people.“His long association with the senior national team is legendary. How he supported past testimonials for the likes of Austin Jay Jay Okocha, Taribo West and Nwankwo Kanu remain very fresh in our minds. Dr Ubah remains a father figure for us ex internationals,” observed Akanni who used the occasion to call on other well to do Nigerians to support worthy causes meant to celebrate past footballers who have contributed their quota to make Nigerian sports great.Some of the corporate bodies who have indicated their support for the Joseph Yobo Centenary Game include, Sifax Group, NICON Insurance and Beko Electronics Ltd.Meanwhile, some top players from Europe including William Gallas, Louis Saha, Tim Howard and Steven Pienaar have been booked on the flight to Port Harcourt for the Joseph Yobo Centenary Game.Yobo’s former Everton teammate Wayne Rooney and African greats Samuel Eto’o, Yaya Toure, plus a host of other international football personalities have all shown interests in honouring the former Eagles defender who amassed 100 international caps, scoring seven goals in a career that spanned 13 years.The testimonial game which is being put together by the Joseph Yobo Foundation in partnership with the Rivers State Government will be an occasion to celebrate a worthy son of the state who had a distinguished career.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram With barely one month to the befitting testimonial match planed to mark the retirement of former Super Eagles Captain, Joseph Yobo, from football slated for May 27 in Port Harcourt, one of Nigeria’s top businessmen, Dr Ifeanyi Patrick Ubah, has thrown his weight behind the project.The Capital Oil chairman at the weekend endorsed the Yobo Centennial Game and promised to use two of his companies, FC IfeanyiUbah and the Authority Newspaper to be brand ambassadors of the testimonial match.Coordinator of the Yobo Centennial Game who is also a former Super Eagles player, Waidi Akanni, confirmed Ubah’s magnanimity and his involvement in the plan to give the Ogoni-born former Nigerian captain a befitting send-forth from the Beautiful Game.last_img read more