If you’re thinking about building, now is the time

first_imgCM Master Builders MBA genericWITH land values low and tradesmen desperate for work, there has never been a better time to built, according to Acting Regional Director, HIA North Queensland Robert Harding.“It is clear that the North Queensland building industry is undergoing a tough time following the decline in the mining industry with approvals year on year for the December quarter down 21 per cent in Townsville, 31 per cent in Mackay, 21 per cent in Cairns and 20 per cent in Rockhampton,” he said.“While policy makers have made positive announcements to address the economic malice that has plagued the region in recent times, the underperformance of the residential building sector in 2016 indicates the urgent need for those policy decisions to be implemented without further delay.“In light of the fact that other regions on the east coast have seen record or near record levels of new home building in 2016 the question needs to be asked of the policy makers as to why North Queensland has failed to share in that housing cycle upswing.“It is clear that where that upswing has occurred residential building has generated a huge amount of economic activity and consequent employment.”More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 3:05Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -3:05 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe Converted: Boot Factory03:05 Related videos 03:05The Converted: Boot Factory00:43Best converted homes 201704:02The Converted: Butter Factory02:35Dream Home: Hawthorn00:39Average house? Wait till you see the extension!01:33Looks can be deceivingMr Harding said the upside the decline in approval figures was that for those intending to build or to enter the property market, there has never been a better time.“Trades are in ready supply and build times are short meaning mortgage payments during the build period are reduced,” he said.“Prices are competitive and this coupled with the stabilising of land prices as evidenced by this weeks Valuer Generals report mean there has never been a better time to build in North Queensland.“There is better news for builders engaged in the renovation market with activity in Queensland increasing by 11 per cent in 2017-2018 financial year and is forecast to continue in the subsequent year at a still healthy 7 per cent.”last_img read more

Court rejects BT’s bid to change inflation-linked benefits

first_imgTelecoms giant BT cannot change the index it uses to calculate pension increases for certain members of its pension scheme, according to a UK court ruling today.The company was seeking to find out whether it would be able to use the Consumer Prices Index (CPI) instead of the Retail Prices Index (RPI) to calculate inflation-linked annual pension increases. The CPI is typically lower, so being able to use it would have helped the company deal with a large deficit in its defined benefit (DB) pension scheme.According to BT’s annual report for the 12 months to 31 March 2017, the pension scheme had a shortfall of £7.6bn (€8.6bn). However, a funding update issued by the trustees last year put the deficit at nearly £14bn as of 30 June 2016.The company had agreed in principle with the trustee of the BT Pension Scheme (BTPS) to switch its inflation measure to the CPI, but it wanted to check whether this would be deemed compatible with the scheme rules. The High Court today ruled against BT.The company said it was disappointed with the decision.“[W]e will now consider the judgment in detail in order to decide next steps, including the possibility of an appeal,” it added in a statement.According to Slaughter and May, which acted for the BTPS trustees, BT had argued that RPI had “become inappropriate” for the purposes of the relevant scheme rules and that the company could therefore, following consultation with the trustee, switch away from RPI. The trustee said it was in the process of analysing the judgment and would provide a further update once this was done.BTPS is the largest private sector pension scheme in the UK and the 11th largest in Europe, according to IPE’s Top 1000 Pension Funds report.The court ruling comes as BT has just completed a consultation on changes to its main DB and defined contribution (DC) schemes.The company has proposed closing BTPS to future accrual in April, with all members’ contributions moving to the BT Retirement Saving Scheme (BTRSS), the main DC plan. BT would pay additional contributions into the BTRSS for up to 10 years.As an alternative, the company proposed keeping BTPS open on a significantly amended basis, whereby benefits would increase more slowly in future and members would have to contribute more.BT said it was now considering employees’ feedback to the consultation before concluding its review of its pension schemes.Trade union CWU has opposed the proposals. Prospect, another union, said it was in the process of finalising a new pension deal with the company.BT said it was in “constructive discussions” with the BTPS trustee in relation to the triennial valuation, and that it still expected to complete the valuation in the first half of this calendar year.last_img read more

Vahid Halilhodzic: The Future will be Revealed Today

first_imgST Due to the results of the previous matches that Trabzonspor played, the future decision on the staying or leaving Trabzonspor will be critical today. Namely, the last five matches revealed the following results which directly influenced the decision on the Halilhodzic’s staying in the club. To be more precise, Trabzonspor wrote 2 victories, that is 2:1 against Metalist and 1:0 against Legia Warszawa. On the other side, Trabzonspor was defeated by Karabukspor with the result of 3:0. In addition, they wrote down two draws against Kasimpasa and Istanbul Basak.When he started to lead the Trabzonspor, on the official welcome ceremony he said that he would do his best to bring the team into the UEFA Champions League but admitted that the future was hard to predict. However, now all eyes are on the next match which will be decisive for Halilhodzic as well as for the Trabzonspor.The match all are waiting with lot of patience will be played today at 15:00 o’clock against Mersin İdmanyurdu.Vahid Halilhodžić (born 15 October 1952) is a former Bosnian footballer turned manager, currently in charge of Turkish club Trabzonspor.Regarded as one of the best Yugoslav players in the 1970s and 1980s, Halilhodžić had successful playing spells with Velež Mostar, and French clubs Nantes and Paris Saint-Germain before retiring in the mid-1980s. He also appeared for the Yugoslav national team and was part of the squads which won the 1978 European Under-21 Championship before earning 15 full international caps for Yugoslavia.last_img read more