These are the areas where it takes first home buyers the least time to save a deposit

first_imgWho wouldn’t want to buy in Townsville? It’s beautiful and the time it takes to get a deposit together is faster than many other regions. Picture: Megan MacKinnonHOME buyers can get into the market a lot quicker, if they are saving a deposit to buy in the Central Highlands, Mackay and Townsville.New figures reveal these are the areas were on average buyers can get a 20 per cent deposit together within less than three years.According to money expert Bessie Hassan of finder.com.au, who has crunched the numbers using average income and median house prices, the time to save a deposit in these locations was less largely because of the lower average house prices in the regions.But if you’re living at and looking to buy in Noosa, the Sunshine Coast or Gold Coast it will take you a little longer. If Noosa is where you want to live, the time it takes to get a deposit together is longer than in most of Queensland’s major regional markets.Those wanting to buy in Noosa will be saving for on average 5.8 years to get a 20 per cent deposit together.The Gold Coast, 4.9 years, and the Sunshine Coast, 4.8 years, were not far behind.Ms Hassan said those coastal markets were highly populated tourists areas so it was not surprising that they had a higher property price tag and therefore a longer deposit-saving time compared to other precincts within regional Queensland.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“If you’re saving for a deposit, check out local property prices in the area and work out what you’ll need for a deposit. Remember, you should aim for at least a 20 per cent deposit so you can avoid paying mortgage insurance,’’ she said.Ms Hassan said one of the quickest ways to cut spending and increase savings was cutting “luxury items’’ such as food delivery services or travel. How long it takes to get a deposit together in the regions.“Parking your funds in a high-interest savings account or a term deposit may also help you maximise your return and fast-track your way into the property market,’’ she said.She advised potential first time buyers to run an audit on their financial accounts to see if they could be paying less fess or interest as a way of finding more savings.National data from the Australian Bureau of Statistics showed that the number of finance approvals for first home buyers was now at its highest level in eight years. In Queensland, the number of finance approvals increased by almost 10 per cent.center_img take 5 finder graphic depositREA Group chief economist Nerida Conisbee said while the number of finance approvals for investors and upgraders had dropped, first home buyers were bucking the trend.“We are now seeing the highest level of first home buyers since 2010,” she said.last_img read more

Haitian Police Issue Warrants Against Opposition Politicians

first_imgPORT AU PRINCE, Haiti, CMC – Police have issued warrants for the arrest of opposition politicians and activists after an attempt had been made to burn down a company owned by President Jovenel Moise earlier this week.Government Commissioner, Jean Volney Bélamin, confirmed that 18 warrants were issued against political leaders and opposition activists in Port-de-Paix, on the country’s Atlantic coast, after they had tried to burn down JOMAR Auto parts, a company owned by Moïse on Tuesday.Moise has been under pressure from opposition parties who have been calling for his immediate removal from office amid allegations of corruption and on Tuesday one police officer was injured after the demonstrators threw stones and shot at police officers trying to prevent them from burning down the building.Earlier this week, the interfaith group, Religions for Peace Haiti, said it would no longer seek to mediate in efforts to establish a government of national unity in the French-speaking Caribbean Community after the opposition said it would not participate in the talks.Moïse, had in a Twitter message, wrote that he had requested the inter-faith group to act as a facilitator to ensure efforts at a government of national unity receive the support of the other stakeholders.“I requested the good offices of Religions for Peace to facilitate discussions with different sectors leading to a political agreement on the crisis. It has accepted. The Nation is happy to be able to count on its daughters and sons,” he wrote on his Twitter account.Meanwhile, Haiti has started a new fiscal year without ratifying the necessary legislation regarding the preparation and execution of the budget.Political observers say that since no draft budget law has been ratified, the authorities are using the 2017-18 national budget that had already been renewed last financial year.“The budget 2017-2018 was about 145 billion gourdes (One Gourde=US$0.01 cents). When it is renewed, it is the nominal value which is renewed, not the real value which is eaten by the inflation which reduces the renewed budget of the amount of the annual inflation not to mention the effects of the 30 per cent depreciation of the Gourdes value on the purchase of certain goods and services by the government,” said economist, Economy Germain.Another economist, Etzer Emile, believes that with or without a ratified budget, the situation is the same explaining that in all cases “budgetary choices are not at the service of growth and development Economist Kesner Pharel said the situation is the result of the dysfunction of the State and that it is a bad start for this new fiscal year which “strengthens the uncertainty in the economy and should jeopardize the prospects for economic growth for 2020”.He said that over the last five years, Haiti has failed to reach the two percent of gross domestic growth (GDP) threshold needed to create jobs and reduce poverty.last_img read more