Confidence in Queensland’s property sector falls for first time in nearly 2 years

first_imgProperty Council executive director Chris Mountford among development in West End. Pic Jono Searle.CONFIDENCE in Queensland’s property market has fallen for the first time in nearly two years on the back of the latest tax grab proposed by the state government.The ANZ/Property Council Survey released today, taken in the weeks either side of the November state election, has recorded a drop of two index points for Queensland in the March 2018 quarter — the first decline in 20 months.The state now has the lowest confidence levels of all Australian jurisdictions.The re-elected Palaszczuk Government has announced plans to increase land tax rates by 2.5 per cent on properties worth more than $10 million and more than double the tax rate for foreign investors from 3 to 7 per cent.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREProperty Council Queensland executive director Chris Mountford said the results confirmed industry concern about the proposed property tax hikes, which he argued would hurt jobs growth and home values.“At a time when we need to do more to catch up with other markets, increasing taxes on property is a big economic risk,” Mr Mountford said.“The impact of these proposed tax increases can already be seen in the figures.“Forward work schedules, staffing level expectations, and Queensland’s economic growth predictions are all down.”The ANZ/Property Council Survey Queensland results for the March quarter of 2018.The Property Council is urging the Government to reverse the proposed tax increases, saying ordinary Queenslanders would pay the price because businesses would be forced to pass on the cost to consumers.“The proposed land tax hike is ultimately going to flow through to affect capital values, and impose higher rents and costs on businesses,” he said.“I think there’s a general lack of understanding that foreign buyers are a key ingredient to getting new housing construction starts going.“If we’re making it harder for those people to invest in Queensland, ultimately that’s going to flow through to lower levels of activity.”The latest ANZ/Property Council Survey shows a drop in confidence in the Queensland property industry. Photo: Glenn Hunt/Getty Images.For the last two years, Queensland has consistently lagged behind the major states when it comes to confidence, only remaining in front of Western Australia, where the end of the resources boom created significant economic challenges.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoBut the latest survey shows a surge in confidence in WA.“Clearly confidence is starting to return to the WA market,” Mr Mountford said.“They’ve turned a corner and yet we haven’t had that sentiment shift.“If anything, we’re still bumbling along behind the other states.”New homes under construction in Mango Hill, north of Brisbane. The latest ANZ/Property Council Survey shows a drop in confidence in the Queensland property industry. Image: AAP/Dan Peled.But ANZ senior economist Daniel Gradwell said that he was not too concerned about the confidence drop in Queensland during the quarter,“Overall sentiment is still sitting at pretty solid levels, even though it has dropped off recently,” Mr Gradwell said.LAP UP LAKESIDE LUXURY“I think it’s fair to say Queensland has essentially moved past its mining-related downturn.“We’re starting to see economic activity improve, particularly across the labour market with unemployment at its lowest level in about four years.“So confidence is already translating into actual economic activity.”The latest ANZ/Property Council Survey shows a drop in confidence in the Queensland property industry. Photo: Glenn Hunt/Getty Images.St George Economics noted in its latest economic outlook for Queensland that the state’s economic growth had picked up over the past year, with business investment gaining momentum, commercial construction strengthening and robust employment growth.HOME BUYERS SKIP CRUCIAL CHECKSNationally, the survey reveals New South Wales has lost its throne to Victoria as the property industry with the strongest outlook.It gathered responses from 1374 professionals within the residential and commercial property sector.“It’s a large sample size, so we’re confident it’s reflective of what’s actually happening on the ground,” Mr Gradwell said.last_img read more

Let Gernot Rohr go, Odegbami tells NFF

first_img “In 1968, for example, at the Mexico Olympic Games, a Nigerian, according to some people the best Nigerian player of all time, Teslim Thunder Balogun, coached the Green Eagles that played against the greatest football nation on earth at the time, Brazil, to a pulsating, well-earned 2-2 draw. That’s over half a Century ago! The surviving members of the 1973 All-Africa Games Green Eagles that won the Gold medal can testify that, the brain behind that victory was another great former ex-international player, Captain and then assistant coach of the team, Mr. Dan Anyiam, a very intelligent, eloquent, well-trained and educated coach. The exploits of Stephen Keshi of recent years as a coach are unmatched by any coach local or foreign in our entire history. Are these not Nigerians? “If we had continued in the trajectory of using the best trained Nigerians as our national coaches, inviting foreign coaches without pedigree to handle their national team in concession to their ‘superiority’ would not arise in 2020. Gernot Rohr has done his bit and collected his wages. Every month he was paid $50,000 Dollars? Who earns that kind of money for the amount of work he did in the years of his stay in Nigeria? It is ludicrous. What did he really do? Did he win any international trophies for Nigeria? Did he impact the Nigerian league and domestic players in any way? Did he train any Nigerian coaches to be able to take over from him? The longest time he stayed with the national team for any stretch was a maximum of four weeks, twice in the 4 years of his expiring contract – before and during the World Cup in 2018, and before AFCON in 2019. Every other time all he did was assemble players from Europe two days to a match, selected his lineup for the match and returned to his paid ‘vacation’. Which Nigerian coach worth any salt cannot do what he did for Nigeria? Is that what anyone should earn $50,000 Dollars a month for? Even the scouting for Nigerian-born players in Europe that constitute a large percentage of his team presently is done by a hardworking Nigerian man, Tunde Adelakun, we are told. Now with Covid-19 and its economic consequences, no one should even be thinking of expending unavailable foreign exchange for a job Nigerians can handle and that does not require rocket science, period. To suggest a wage-cut is even annoying. Was the size of his wage the reason for his failure? We are entering a new phase in the ongoing War of global Civilizations. No African should promote color or racial superiority in African football. No Nigerian dares do so at this point. read also:Odegbami: Nigeria May Never See Another Rashidi Yekini So, I choose to be foolish. I shall thank Gernot Rohr for all the good services he has rendered and release him. I shall get one of our own qualified sons, and sink or swim with him into that emerging new world order beyond Covid-19.” FacebookTwitterWhatsAppEmail分享 Loading… The former Green Eagles and Shooting Stars Football Club striker stated in his column that Nigerians should not see Rohr as the best option for the national team job, saying the country is blessed with qualified coaches to perform the magic. “I shall disregard what the promoters of Gernot Rohr are saying that no Nigerian coach is qualified enough to handle the national football team of the country even after the German had failed in his years as the manager to deliver on the soft mandates given to him. To think this way is disrespectful and denigrating to all Black people. To imagine that the German is now willing to accept new conditions deliberately designed for him to reject, means there is more to the whole matter than meets the eye, or he knows the value of the Super Eagles’ job more than his Nigerian bosses do. Is it because he loves the country more than Nigerians? Who really loves the Nigerian? Covid-19 pandemic has become an eye-opener. “I choose to be foolish on the matter of Gernot Rohr. Let him go ‘jeje’ with his ‘superior’ knowledge of football and serve elsewhere. “We forget our history and the capacity of Nigerians to succeed. Nigeria’s football legend, Chief Olusegun Odegbami, has urged Nigeria Football Federation, NFF, not to renew the contract of Super Eagles Technical Adviser, Gernot Rohr. Promoted Content6 Incredibly Strange Facts About HurricanesYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime5 Of The World’s Most Unique Theme ParksJason Statham Bought And Sold A Multi-Million Dollar House10 Risky Jobs Some Women DoThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 Interesting Ways To Make Money With A DroneThe Models Of Paintings Whom The Artists Were Madly In Love WithBirds Enjoy Living In A Gallery Space Created For Them7 Reasons It’s Better To Be A VeganCelebs Who Are Turning 50 This YearEver Thought Of Sleeping Next To Celebs? This Guy Will Show Youlast_img read more