Owners pick up investor slack

first_imgABS analysis shows owner occupiers are picking up investor slack when it comes to finance. Photo: Glenn Hunt/Getty ImagesHomeowner finance is on the rise according to the latest release from the Australian Bureau of Statistics (ABS).According to ABS Lending Finance analysis for July 2017, the total value of owner occupied housing commitments excluding alterations and additions rose 0.7 per cent in trend terms and 0.9 per cent seasonally adjusted.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 agoIn comparison, investors saw a one per cent drop in their trend number, and a 3.9 per cent fall on the seasonally adjusted result.In trend terms, the number of commitments for the construction of dwellings rose two per cent — the same results as for the number of commitments for the purchase of new dwellings.The number of commitments for the purchase of established dwellings rose just 0.3 per cent in trend term, but remained dominant at type, comprising 83 per cent of total commitments.CommSec chief economist, Craig James, said the ABS results show construction still has a way to run.“Budding owners of new homes remain active – loans to buy blocks of land hit $7.6 billion over the year to July, up 21 per cent on a year ago.“The home building boom has legs,” he said.last_img read more

Kalibo vice mayor urges residents: Brace for ‘new normal’

first_imgThis man cleans his hands at the handwashing station of the Kalibo Public Market. Kalibo vice mayor urged her residents to brace for new normal, saying the fight against coronavirus disease 2019 might still be far from over. JUN AGUIRRE KALIBO, Aklan – Vice mayor Cynthia Dela Cruz urged residents here to brace for the new normal, saying the fight against coronavirus disease 2019 (COVID-19) might still take time.Dela Cruz said members of the Municipal Council have already been oriented on the new normal, which includes the practice of proper physical distancing and the use of face masks. People who will be going to the Municipal Council office are also encouraged to do the same.  “We also advise our clients to limit physical contacts to any persons. If needed, physical contact should be less than 15 minutes and at the minimum distance of one meter,” said Dela Cruz.She also partnered with several business establishments in this capital town to set up handwashing stations in places such as the public market, shopping centers and public parks, among others.“We also thank Kool Earth, an environment group in Kalibo, for facilitating our call for more free hand washing facilities here,” Dela Cruz added.last_img read more