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Money Return to surplus and sweeteners for first-home buyers

01:55  06 june  2018
01:55  06 june  2018 Source:   msn.com

Bargain buys in Brisbane as property market slows

  Bargain buys in Brisbane as property market slows River city pockets once deemed too pricey are now becoming more affordable . "Prices haven't been so cheap since the GFC (global financial crisis)," director of Universal Buyers Agents Darren Piper said."There's a mix of new and existing stock and it's power to the buyer."Data from the Real Estate Institute shows Brisbane's overall unit market fell by four percent in the last quarter.But looking closer, certain suburbs have plunged even more. © Provided by Nine Digital Pty Ltd Universal Buyers Agents Darren Piper said prices haven't been this cheap since the GFC.

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Chief Minister Andrew Barr says this year's ACT Budget aims to deliver more spending on services to cope with the demands of population growth.

More people are calling Canberra home, with the population expected to grow from 415,000 to half a million within the next decade.

HOUSING

The ACT Government plans to abolish stamp duty for eligible first-home buyers, ahead of eventually scrapping it altogether.

From July 1, 2019, those with a household income below $160,000 won’t have to pay stamp duty, for both established properties and new builds.

Is Johnny Ruffo returning to Home And Away?

  Is Johnny Ruffo returning to Home And Away? Johnny Ruffo has fueled speculation he’s returning to ‘Home And Away’ (and sent fans into a tizzy!) with a telling new picture posted to social media. Taking to Instagram, the 30-year-old shared a picture of himself alongside veteran star of the show Lynne McGranger. He captioned the shot: "On set today with my bestie @lynnemcgranger"The cheeky upload was quick to gain attention from those dreaming/hoping/wishing for his return to the bay."Are you going back on H&A @johnny_ruffo ? That'd be awesome.

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This video shows how to find consumer surplus and producer surplus on a supply and demand diagram using three simple rules. For more information and a

Those buyers will be spared an extra $9700 charge on a $450,000 property, or a $15,720 in stamp duty on a $600,000 home.

The catch is that First Home Owner Grants won't exist anymore.

This is a $7500 grant to first-home buyers purchasing new properties in the ACT.

While the government will release an extra 750 blocks of residential land, increasing its land release target to 17,000 dwellings over the next four years.

HEALTH

Healthcare is the biggest piece of the budget pie and a sector that has come under fire for struggling to meet the needs of the population.

There's a spend of more than $100 million on frontline services, beds and reducing surgical wait times at the Canberra Hospital.

Calvary Public Hospital has been allocated $15 million for improvements to the emergency department and mental health unit.

The headwinds for Australia's housing market appear to be strengthening

  The headwinds for Australia's housing market appear to be strengthening Home prices in Sydney and Melbourne are falling, dragging national price growth lower over the past year due to their sheer size and median property value. Many suspect those trends will continue for some time yet, perhaps lasting for years rather than quarters.Like the number of forecasters predicting further weakness in Australia's largest cities, there's also no shortage of factors that have led to the recent price reversal.For one, many buyers are now reevaluating the outlook for property prices in the years ahead.

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Producer Surplus : Producer surplus is defined as the difference between the highest price that the consumer is willing to pay and the market price. Decrease in Price. Consumer Surplus : When price decreases consumer surplus increase up to a certain point below the equilibrium price.

The healthcare sector received the most funding in the ACT Budget. (AAP) © Provided by Nine Digital Pty Ltd The healthcare sector received the most funding in the ACT Budget. (AAP)

EDUCATION

The second-biggest spend in the budget goes to education.

There's funding for a new primary school for Molonglo and increased capacity for schools in the fastest growing district of Gungahlin.

RATES, FEES AND FINES

There will be a rate rise, as expected: an average increase of 7 percent for houses and 10 percent for units.

This means homeowners will pay an extra $172 on average and unit owners an extra $135 on average.

The fire and emergency services levy will increase by $42 in 2018-19.

Drivers' licence fees and motor vehicle registrations will go up by 5 percent. But around 40 percent of Canberra drivers who qualify for the "safe driver discount" will save money and that discount is rising from 25 to 30 percent.

Parking fees and fines will increase by 6 percent.

Revealed: The best and worst Sydney suburbs for property investors - with one surprising region the clear winner when it comes to safety

  Revealed: The best and worst Sydney suburbs for property investors - with one surprising region the clear winner when it comes to safety A recent report shows Sydney's southern suburbs as increasingly becoming one of the best places to invest in, offering high rental return and the potential for a market surge. The lesser supply of rentals and higher demand in particular suburbs in South Sydney have also increased the marketability of the suburbs.© Provided by Associated Newspapers Limited Properties with water, whether that be pools or views were highly sought after on Domain.com Suburbs that are doing particularly well include houses in Grays Point, Oatley, Bronte and Kingsford, as well as units in Annandale.

What is consumer surplus ? When there is a difference between the price that you pay in the market and the value that you place on the product, then the concept. Consumer surplus is a measure of the welfare that people gain from consuming goods and services. Consumer surplus is defined as the

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CANBERRA'S VENUES

There is funding set aside for a new Canberra Theatre Centre, which will determine whether to rebuild a bigger and better venue on site, or build a new theatre somewhere else in the city.

The Chief Minister says he expects a decision on the decades-old Canberra Stadium to be made in the early 2020s.

There's been a push for a new stadium in the city, but we won't be seeing that any time soon.

While plans to build a new convention centre have been put on ice, Mr Barr said the project has been "parked well into the next decade".

'BACK IN THE BLACK'

The Chief Minister is delivering a balanced budget for 2018-19, with a "modest" surplus of $36.5 million.

This trend is expected to continue across the forward estimates over the next four years to 2021-22.

Mr Barr said this will be used for further investment and chipping away at billions of dollars in debt, namely the Mr Fluffy asbestos scheme.

Andrew Barr says the Budget is aimed at coping with the the territory's growing population. (AAP) © AAP Andrew Barr says the Budget is aimed at coping with the the territory's growing population. (AAP)

New Zealand, England to fly players' union rep to Denver .
The competing nations have asked the RLPA's general manager of stakeholder relations Clint Newton to travel to Colorado.Despite the protracted debate over the merit of the mid-season Test, the New Zealand Rugby League and the Rugby Football League have dipped into their own pockets to allow the players' union's Clint Newton to see first hand the measures each country will take to ensure player welfare.

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