How the low interest rate is benefiting Gold Coast borrowers

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), 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 Rate1xFullscreenWays to get into the property market for less00:29 He said it had already given a much-needed confidence boost to the local market.“It’s been positive for real estate as there’s been more people out and about,” he said.“It gives them the confidence to get out there and buy.“There’s a lot of sold signs up out there.” The cash rate is expected to be cut at least one more time before the end of the year.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoHowever, Mr Henderson said changes to lending criteria, more buyer confidence post federal election and tax cuts for low income earners had also contributed to the improved market conditions. In a move to further strengthen the market, low rates were tipped to stay. “Lower interest rates will be more of the norm for our lifetime,” he said. “Whether they stay this low, that’s probably not feasible.” CoreLogic head of research Tim Lawless backed his comments, explaining all the changes were collectively helping slower markets across the country bounce back.“The pause in the cutting cycle will give the RBA time to assess the effects of earlier rate cuts on the economy and consumer spending,” he said. The Reserve Bank decided to keep the official interest rate on hold.PROPERTY experts believe another interest rate cut is in sight despite the Reserve Bank deciding to hold tight.It came as no surprise that the official interest rate would remain at its current record low of 1 per cent following cuts in June and July but another was expected before the end of the year.Real Estate Institute of Queensland Gold Coast zone chairman Andrew Henderson said the RBA would likely wait to see how the economy reacted to previous cuts before making another. RELATED: Rates set to hold until November “However, there is a strong likelihood of at least one more cut later this year.”“With mortgage rates set to remain low for an extended period of time … and potentially move even lower later this year, we are expecting to see the housing market move into a gradual recovery.“However, with credit policies remaining tight and economic uncertainty still elevated, we aren’t expecting a material acceleration in housing activity or housing values.”According to comparison site Finder’s RBA Cash Rate Survey, experts and economists predicted property values would rise across the nation by August next year.last_img read more

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How taxpayers are cheating themselves

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisWBKB spoke with certified public accountant Bernie Lamp, Straley Lamp and Kraezlein, on what taxpayers should do prior to filing for this year’s income tax returns.He said the first step is gathering all the necessary statements. For example, w-2 and 10-99 forms. In the same breath, Lamp said taxpayers are losing money in the bank by cutting themselves short.“One of the mistakes perhaps is not considering all the deductions they might be entitled to,” Lamp said. He also said there’s a lot of opportunity for business owners in particular.  “They can use the actual deductions of using a business vehicle versus [using] the IRS…standard mileage rate.”He said this could be more beneficial for taxpayers. Another example is contributing to individual retirement accounts. These accounts are deductible according to the CPA.Lamp said taxpayers are allowed to take a donation for the reasonable value of items they donate sent to thrift stores such as the ones in town.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: income tax, irs, losing money, savingsContinue ReadingPrevious Lakewood home fire classified as ‘accident’Next Field trips known to boost in-school successlast_img read more

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US Open Tests Retract Roof

first_imgNEW YORK — For once, U.S. Open organizers were hoping for more rain.With the retractable roof atop Arthur Ashe Stadium set to be ready in 2016, they planned to use last year’s tournament as a rehearsal, analyzing the forecasts then discussing whether they would or wouldn’t cover up at a particular moment.Then there was only one day of significant rain.“I wish we’d have had worse weather so we’d be better ready for this year,” Gordon Smith, the U.S. Tennis Association’s executive director, said with a chuckle.USTA officials gave an update on construction Feb. 29 at Flushing Meadows, where the second half of the Ashe roof and the new Grandstand will be completed in time for the first matches Aug. 29.Wimbledon and the Australian Open already have retractable roofs over their main stadiums, with plans in place for the French Open to add one.Smith said organizers in London and Melbourne have passed along advice on how to decide when to close up.The U.S. Open expects to use the roof only for rain, unlike the Aussie Open, which also does so in cases of extreme heat.A meteorological crew on site should be able to accurately predict rain within about 20-30 minutes, Smith said.What he doesn’t want to see is an overly cautious approach where the roof closes frequently when rain isn’t likely.“We want this to be an outdoor tournament; we want to keep the roof open if at all possible,” he said. “We will run a little risk of getting some rain on the court in order to keep this an outdoor event, to keep the competition fair for everybody.”If the court gets wet before the roof closes, the delay will be about 30 minutes, said Danny Zausner, the Chief Operating Officer of the USTA Billie Jean King National Tennis Center.The stoppage will be more like 15 minutes if it closes before the rain starts. The roof’s two retractable panels take about seven minutes to slide shut.The fabric stretched across the roof provides the added benefit of shade for many spectators at Ashe. More shade also comes from other parts of the project — from canopies above many seats of the new Grandstand, which is on the opposite corner of the complex from the old one and increases capacity from 6,000 to 8,000, and from additional trees dotting the walkways of the tennis center.The old Grandstand, the Open’s third-largest venue, will sit empty during this year’s tournament, then will be demolished afterward. Louis Armstrong Stadium, the second-biggest facility, will also be torn down at that time.The new Armstrong won’t be ready until the 2018 tournament, with capacity increasing from 10,000 to 14,000.For the 2017 Open, a temporary stadium that can seat 8,500 will be erected in the parking lot adjacent to the old Grandstand.The new Armstrong will also have a retractable roof. Unlike Ashe, it will not be climate-controlled: Ventilation panels will allow air to flow through.The demolition of the old Grandstand will open up more space for spectators, with construction on the south side of the complex also creating more room.Ten outer courts were torn up and repositioned, widening a walkway from 10 to 40 feet. A new food court will also be added there.(RACHEL COHEN, AP Sports Writer)TweetPinShare0 Shareslast_img read more

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Giannis’ Impressive Block Gives Bucks the Win against Celtics

first_imgMILWAUKEE (AP) — Giannis Antetokounmpo chased down the Boston Celtics’ Jaylen Brown from behind and swatted what would have been a momentum-swinging layup against the backboard with 53 seconds left in a tight game.An official first ruled goaltending. A replay review overturned the call into a blocked shot.The Milwaukee Bucks held on for a 106-102 win on Tuesday night, getting a confidence boost against a short-handed opponent they could face in the first round of the playoffs.“I think we match up well with them,” Antetokounmpo said. “It doesn’t matter really who we’re going to see.”First, the Bucks need one more victory to clinch a second straight postseason berth. That could come as soon as Thursday against the 53-loss Brooklyn Nets.”OH MY GIANNIS!!”Tap the button below to vote Giannis Antetokounmpo for #KiaDPOY!! #Sweepstakes— Milwaukee Bucks (@Bucks) April 5, 2018The win on Tuesday improved Milwaukee to 42-36, clinching a winning record for a second straight season. This will be the first time that the Bucks will have back-to-back finishes over .500 since 1999-00 and 2000-01.Miami also won on Tuesday while Washington lost, leaving the Bucks tied with those them with identical records to round out the top eight teams in the East.Antetokounmpo finished with a game-high 29 points while Khris Middleton added 20.Brown scored 24 points for the Celtics, who had their six-game winning streak snapped. But Boston remains the second seed and could face the Bucks next week.Boston was forced to start two-way player Kadeem Allen with injuries sidelining yet another guard. This time, Terry Rozier didn’t play because of sprained left ankle. Shane Larkin was already out because of illness. Guards Kyrie Irving and Marcus Smart have already missed extended time with injuries.Yet the Celtics still posed a challenge deep into the fourth quarter with forwards Al Horford and Jayson Tatum, along with Brown, each assuming ball-handling duties at times.“It stinks that you have got to really limit your menu probably when you are not playing with anybody but Kadeem” at point guard, coach Brad Stevens said. “But that is part of it. Ultimately I thought our guys did a pretty good job of hanging around from an offensive perspective.”After Boston double-teamed Middleton and forced him to step out of bounds, Tatum bolted unchallenged down the lane to get the Celtics within 103-100 with 22 seconds left.The Bucks used up nearly nine seconds on the ensuing inbounds play before Antetokounmpo was fouled. The All-Star forward hit free throws to seal the win.The 6-foot-11 Antetokounmpo came up big on defense, too, with his block of Brown with 53 seconds left to keep the Bucks lead at five.“Tough? I’ve been doing it since I was a little kid, so I really didn’t even think about it,” Antetokounmpo said. “Sometimes it can be (goaltending) and sometimes not. Thank God tonight it wasn’t.”TIP INSCeltics: Stevens said that Rozier was “80 to 85 percent” after shootaround earlier Tuesday. Stevens was being cautious with Rozier, with the availabilities of Irving (left knee) and Smart (right thumb) in question when the playoffs start next week.Bucks: C Thon Maker (right groin) was available but did not play after missing four games. … G Malcolm Brogdon appears to be inching closer to a return following a left quad injury that has kept him out since early February. He would be a valuable addition for the postseason.“The hard part is the rhythm and I think a lot of people will talk about the rhythm for him,” coach Joe Prunty said about the challenge of acclimating Brogdon back into the lineup with four games left in the regular season. “That is the balancing act though … the fewer games, the harder it is. We will manage that as best as we can with the games that are available.”ROOKIE RECORDThe sharpshooting Tatum finished with 20 points and hit a 3 just before the halftime buzzer to get Boston within 58-56. The bucket also gave Tatum his 102nd 3 of the season, a franchise rookie record.“Hopefully I can keep it going, push that number up. Records are meant to be broken, somebody will break it one day, Tatum said.ON THE RUNAnother good sign for Milwaukee: runs of 11-3 and 16-4 during the game while Antetokounmpo was resting on the bench.UP NEXTCeltics: Stevens wasn’t sure if Rozier would be available for Boston’s next game on Wednesday in Toronto.Bucks: Host the Brooklyn Nets on Thursday.TweetPinShare0 Shareslast_img read more

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