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Ben Galea was the first home buyer. But rising interest rates did not worry him. This is the reason

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A 25-year-old man purchased a two-story house with a beautiful garden for over $300,000 referring to the early 1990s. Key points: Parts of Queensland saw property prices rise in July, contrary to national trends The Regional Australia Institute says housing affordability will keep much of Queensland more insulated from falling property prices than the city The Gold Coast and Sunshine Coast markets are the exception, registering accelerated declines in recent months But in outback Queensland towns like Longreach, it’s the norm. The Reserve Bank of Australia yesterday raised interest rates for the fourth month in a row, but Longreach resident Ben Galea said he was not stressed. “When it came time for my fixed rate to change … I didn’t have to change my lifestyle,” Galea said. “It’s a great city. It’s bustling. There’s a lot of young people here. There’s a lot to do, a lot of sports. It’s brilliant. “There are things w...

Home and Away first look as four new characters arrive

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Home and Go spoilers to follow for UK viewers. Home and Go has introduced four new characters that might be a barrier between Felicity Newman and Tane Parata. In a scene set to air in England, viewers will get to know Felicity’s (Jacqui Purvis) friends Bob (Rob Mallett), Eden (Stephanie Panozzo), Kirby (Angelina Thomson) and Remi (Adam Rowland), who form the band Lyrik. Felicity and Tane (Ethan Browne) are shocked when a band throws an impromptu concert in their front yard. While Tane is less than impressed, Felicity immediately recognizes her old friends and brings them in. Channel 5 Channel 5 Related: Home and Go confirm new love interest for Rose Delaney Lyrik has been on the road for a while and needed a place to stay. The grumpy Tane agrees that they can stay the night, but doesn’t want this rowdy group to hang around any longer than necessary. Meanwhile, Felicity is happy to be with her friends from the city again. But as tensions between the band members begi...

All flights CANCELED: Travelers told to 'go home'

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Passengers have been told to go home after all flights were canceled at Perth Airport due to power outages “out of their control”. Travelers sitting in the dark with only torches to light their way got bad news just before 6.30pm on Monday, that all flights—except for direct flights QF 9 London to Perth—had to be cancelled. The violent storm that hit Perth cut off all electricity at the airport which some experienced staff had never seen before. Perth Airport announced the news at around 5:15 p.m., warning that the blackout would result in lengthy delays over the next two hours. The airport apologized to passengers, some of whom were found stranded at other airports because they could not land in Perth. “The safety of everyone working or traveling through our airport remains our top priority,” the airport said. “We apologize to our passengers and customers for the inconvenience.” It said the decision was made on advice from Western Power. “Perth...

Home and Away teases a dramatic new story as the show takes a short break in Australia

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Home and Go spoilers to follow. Australian viewers are completely without a soap fix this week, because not only Neighbor finished for good, but Home and Go is off the screen too. Thank goodness for Summer Bay fans, rest for Home and Go is a short one, and the show will return to Australian screens next Monday (August 8) – and is likely to bring some serious drama with it when it returns. A new trailer released on the official Instagram page for the soap teases what will happen when the show returns on August 8, and ominously teases that “a friend is about to fall”. This content is imported from Instagram. You may be able to find the same content in other formats, or you may be able to find more information, on their website. Related: Home and Go star responds to the release of the latest character And not only that, but we’re also told that promises will be broken, lines will be broken, and mistakes will be made – we did say it brings drama. When the show airs ...

Welcome to Australia's hottest holiday home market

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The area has long had holiday properties, but these are on the rise. More than half of the homes, 53 percent, were uninhabited on the eve of last August’s Census, up from 46.5 percent in 2001. The population increased by 976 people to 5012 at that time – and more than 600 since 2016 – and the number of private homes counted increased by more from 1400 to 4,722 houses. Sea-changers have been drawn to Tasmanian cities such as Bicheno. Census data shows the median rent was $250 per week in August, up from $160 in 2011. The proportion of tenants putting more than 30 percent of income on rent more than quadrupled at that time, reaching 31.7 percent. Board general manager Greg Ingham is well aware of the housing shortage. He had rented a one-bedroom cabin in a caravan park with his wife since moving to the area nearly two years ago. Glamorgan-Spring Bay Council general manager Greg Ingham and mayor Robert Young. “I love living in the community I work in … and it’s th...

Nervous buyer exits auction race for $2.41 million Dulwich Hill home

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“We buy first and then sell, which is a bit stressful in a falling market, but it worked out well,” he said. “It’s great to give our house over to another family with kids.” Four of the five registered bidders competed for the house, but needed a few pushes to start bidding. Credit: Peter Rae Sales agent William Pereira, from Adrian William, had been expecting seven buyers, but two came out at the last minute, deciding to watch the auction from the sidelines. Pereira said news of rising interest rates and falling prices had made buyers a little more cautious in their approach, but noted there was still good buyer demand. White predicts it will be his strongest auction of the day, with only one or two bidders expected at the other three auctions he calls on Saturday. “It’s great to have such a strong offering … that’s rare nowadays,” he said. While rising interest rates put downward pressure on prices, as it affects buyers’ borrowing...

Sarah's young mother is desperate to find a new home in Melbourne's outer suburbs, but she keeps getting turned down

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Sarah Keating is in a race to find a rental property before her two-year-old son grows out of bed. Key points: Rental prices in several of Melbourne’s outer southeast suburbs have seen strong growth in the past year A real estate agent says landlords are raising rents because of concerns about rising interest rates Proponents fear vulnerable people will be increasingly locked out of the rental market The 21-year-old single mother currently lives with relatives in the southeast outside Melbourne. He shared a room with Ryder’s son, but soon the two of them wouldn’t fit. “I’m trying to find a bigger place to start our life and our family’s life so he has his own room, I have his own room,” he said. “I just can’t find it anywhere. “My son can’t sleep in my bed every night with me. He needs his own bed.” Ms Keating said she had been looking for a two-bedroom place in Melbourne’s outer southeast – suburbs such...