An investment lending squeeze hasn’t put investors off Brisbane property

first_imgBrisbane is considered a good location for property investment.PROPERTY investors are most keen to putting their money in the Brisbane market.New research which surveyed property industry professionals found that 44 per cent thought Brisbane had the best investment prospects this year.PIPA chair Ben Kingsley said there were a couple of reasons that Brisbane was considered a good place to invest.“The first one is that we know that the income to value ratio is substantially lower in Brisbane and southeast Queensland than what it is in both the Sydney and Melbourne market at the moment. RBA blames high property prices on states and councils “Your dollar is going to buy you more, you are going to get more bang for your buck.’’More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoMr Kingsley said that coupled with the good yields that were being achieved in Brisbane compared with Sydney and Melbourne made it an appealing prospect.“It is going to steer investors up into that area,’’ he said.He said historically Brisbane and southeast Queensland “arrived to the party a little later’’ than other capital cities, so as things were slowing down in other capitals they weren’t necessarily in Brisbane.He said Brisbane was also considered a good lifestyle area to live, with affordable properties and shorter commutes.The survey found despite uncertainties such as tightening of lending policies, taxation changes and potential interest rate increases, the industry was optimistic about how the market would perform this year.Mr Kingsley said it was encouraging to see property professionals so confidentabout the outlook for their businesses and the sector more broadly.He said the biggest concern for the industry at the moment was the tightening of investor lending followed by rising interest rates.last_img read more

Democratic primary results in Northeast Michigan

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich. [UPDATED March 11, 12:30 p.m.] — Statewide, the Associated Press has declared Joe Biden as winner of the Democratic primary in Michigan. As of March 11, 12:30 p.m., Biden has 53 percent of the vote and Bernie Sanders has 36 percent of the voteAlpena County: Joe Biden has 58 percent of the Democratic primary vote, Bernie Sanders has 29 percent.Alcona County: The vote for Biden is 63 percent, and the vote for Sanders is 26 percent.Presque Isle County: Biden has 64 percent of the vote, and Sanders has 25 percent.Montmorency County: Biden has 61 percent, and Sanders has 25 percent.Oscoda County: 60 percent in favor of Biden, and 27 percent for Sanders.Iosco County: 60 percent for Biden, Sanders has 26 percent.Ogemaw County: Biden has 56 percent and Sanders has 30 percent.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious School districts are replacing 300 buses across MichiganNext Presque Isle Township Clerk explains why town hall ran out of democratic ballotslast_img read more