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

FIFA Appoints Pinnick into Organising Committee for Competitions

first_imgWorld football-governing body, FIFA, has named the President of Nigeria Football Federation, Mr. Amaju Melvin Pinnick, into one of its most important committees – the Organising Committee for Competitions.Hitherto, the world body had different committees for organisation of its several competitions, including the FIFA World Cup, FIFA Confederations Cup, FIFA Women’s World Cup, FIFA U20 World Cup, FIFA U20 Women’s World Cup, FIFA U17 World Cup, FIFA U17 Women’s World Cup, FIFA Club World Cup and the FIFA Beach Soccer World Cup. Pinnick was a member of the Organising Committee for the FIFA U20 World Cup.However, at its 66th Congress in Mexico City on 12th – 13th May 2016, and in accordance with the revised FIFA Statutes that came into force on 27th April 2016, the model of the standing committees was reviewed, cutting the number from 26 to 9.The new model has only the following committees: Governance, Finance, Development, Member Associations, Referees, Players’ Status, Football Stakeholders, Medical, Organising Committee for FIFA Competitions. Pinnick’s letter of appointment, dated 18th January 2017 and signed by Fatma Samoura, the Secretary General, read inter alia: “We are very pleased to inform you that you have been appointed member of the Organising Committee for FIFA Competitions. We wish you our sincere congratulations on this appointment.“The FIFA administration is at your disposal through the following Administration Officer, who will be in contact with you regarding the upcoming meetings and any further aspects relating to your office as member of this committee: Colin Smith, Chief Competitions Officer.“We wish you great success and enjoyment in this role at FIFA and look forward to welcoming you soon to Zurich.”The Organising Committee for FIFA Competitions is headed by Aleksander Ceferin, President of the Union of European Football Associations (UEFA). The tenure of members is for 2017-2021.In line with the new FIFA reforms, each proposed member of any of the committees was made to go through a comprehensive integrity check conducted by several organisations of global relevance and stature.Pinnick’s appointment, and in particular the thorough and painstaking checks that he passed with full marks, is a big thumbs –up for Nigerian Football, and puts out the light on the unsavoury innuendoes and deliberate mischief of a few individuals intent on putting the country’s game under a cloud.As a member of the CAF Organising Committee for the Africa Cup of Nations, Pinnick is presently at the 31stAfrica Cup finals ongoing in Gabon, and will be match commissioner for Saturday’s potentially –explosive West African derby between Mali and Ghana.The new member of the Organising Committee for FIFA Competitions, who swivelled through the ranks of football administration (from board member to second vice chairman, first vice chairman and chairman of Delta State Football Association, to Executive Chairman of Delta State Sports Commission before his election as President of Nigeria Football Federation in September 2014), is also a candidate for election into the Executive Committee of Confederation of African Football.The CAF elections will take place at the 39th Ordinary General Assembly of the organisation in Addis Ababa, Ethiopia on 16th March.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more