Median house values in Cairns hold despite drop in Townsville market

first_imgWhile the number of days Cairns properties are staying on the market has increased, Yvonne and James Gardner have bucked the trend, signing a contact on the sale of their Mooroobool home within a week of listing it. Picture: Marc McCormackTOURISM growth has likely contributed to a slight rise in Cairns property values over the past year, while the nearby Townsville market has experienced a decline.CoreLogic’s latest quarterly Regional Market Update report shows median house values in Cairns were up 0.9 per cent over the year to December 2016, while Townsville house values dropped 3.2 per cent. CoreLogic head researcher Cameron Kusher said that, despite the moderate increase in values, “effectively there has been no growth in the market over the last 12 months”. “The tourism sector is improving but I still don’t think there is enough confidence in that Cairns region for people to want to start moving there,” he said. He attributed the decline in Townsville house values to the market being more closely linked to mining and resources, whereas Cairns relied more on the “tourism and retirement” sectors.Unit values remained unchanged in Cairns, while Townsville unit values dropped by 3.8 per cent. More from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days agoMr Kusher said the general affordability of Cairns property across the board could have contributed to unit prices remaining steady.“(If) you look at Cairns, there is not a massive difference between the cost of a unit and the cost of a house and they are both reasonably ­affordable,” he said. “So it is probably a case of the people (who) are looking in that market are looking at a piece of land with a house on it, rather than the unit stock, which is more kind of holiday houses.”CORELOGIC REGIONAL UPDATE FIGURES ● 3551 houses and 1803 units sold in Cairns over the year to November, 6.1% lower than the previous year. ● Rental rates were unchanged at $380pw for houses and $290pw for units. ● Houses were offering rental returns of 5.4%, compared to an indicative rental yield of 7.4% for units ● The number of days Cairns properties stay on the market has risen by 15 days, to 96, for houses and up nine days, to 102, for units.last_img read more

Polish employers confederation refers pension law to Constitutional Tribunal

first_imgThe lower house (Sejm) spent a mere four days on the three readings and final vote, and the upper house (Senate) even less time.Another concern centres on changing the second pillar from a mandatory to a voluntary system, and whether the new law actually hampers workers in making their choice.This part of the law comes into effect at the start of April and lasts until the end of July.The funds themselves were banned from advertising as of mid-January, with the ban lasting until the decision period ends.Lewiatan has additionally questioned whether a total advertising ban, as distinct from a ban on misleading advertising, infringes aspects such as proportionality and the rights of commercial entities to disseminate information.The organisation also wants the tribunal to examine the law’s new investment regulations, including the ban on OFE investment in low-risk government securities and their obligation to invest a high proportion (75% this year, 55% in 2015) in higher-risk equities.Lewiatan maintains that these regulations effectively transform the OFEs from retirement funds to investment funds, thus infringing Article 67, which guarantees citizens the right to social security.Lewiatan’s submission is more wide-ranging than that submitted by president Bronisław Komorowski at the end of January, more than a month after signing off on the bill, and which focused essentially on the investment and advertising aspects of the law.In February, the Constitutional Tribunal’s president asked prime minister Donald Tusk, as well as the attorney general and parliament speaker, to detail the financial implications should the law prove unconstitutional.There are other challenges afoot as well.Your Movement, an opposition party with 36 seats in the Sejm, supported by some members of the 16-strong United Poland, has also prepared a submission to the tribunal, but has yet to get more signatories.Under Polish legislation, Sejm submissions need a minimum 50 members.Separately, a Warsaw law firm is launching a class action against the State Treasury and ZUS, arguing that the new law amounts to expropriation.More than 800 Poles have already signed up. Poland’s controversial second-pillar pension reform is now facing its first legal challenge.Polish Confederation Lewiatan, the country’s largest private sector employer organisation, has asked the Constitutional Tribunal to rule on whether several aspects of the new law comply with the Constitution.Lewiatan believes the transfer of 51.1% of second-pillar pension fund (OFE) assets to the Polish Social Insurance Institution (ZUS) – and likewise the incremental transfer of members’ assets to ZUS 10 years before retirement – breach several articles of the Constitution, including those covering expropriation of personal property, violation of property rights and lack of compensation.The organisation has questioned the legality of the lightning speed with which the law was passed by the legislature and the implications for future legislative proceedings.last_img read more

People moves: AP3’s COO exits; Mercer names Swiss retirement chief [updated]

first_imgAP3, ACCESS, Mercer, PensionDanmark, Öhman Fonder, Unified Investors, HSBC GAM, Dahlgren & Partners, PBU, PKA, SVB, Green Finance Institute, Insticube, Aon, IC Select, Lincoln Pensions Mercer Schweiz – Dan Tonks has been appointed head of retirement services for Mercer’s business in Switzerland, a newly created role. Tonks was previously senior manager for pensions at KPMG, advising domestic and international clients, and before that worked in similar positions for KPMG in the UK and at consultancy group Barnett Waddingham. At Mercer Schweiz he will report to Lutz Krepper, chief operating officer and lead for “enabling services”.   PensionDanmark – Lars Sandahl Sørensen, chief executive of the Confederation of Danish Industry, has been appointed as a new member of PensionDanmark’s two supervisory boards with effect from 15 August, replacing Karsten Dybvad. Dybvad left the role in December after being appointed chair of Danske Bank.Meanwhile, Lars Storr-Hansen – also a member of the supervisory boards for PensionDanmark and PensionDanmark Holding – has moved up to fill Dyvbad’s position as deputy chair. He is chief executive of the Danish Construction Association and a board member of the Danish pension fund for self-employed people, Pension for Selvstændige.Öhman Fonder – Jamal Abida Norling has been appointed by Swedish investment manager Öhman Fonder as its new chief executive, moving up from his current role as the firm’s CIO. Abida Norling, who has already started in the role, replaces Pablo Bernengo who is leaving to join Swedish state pension buffer fund AP3 in November.Abida Norling started at the Öhman Group when it bought DNB’s Swedish fund and asset management operations in 2016. He has worked in the investment industry for 20 years, including roles in asset allocation and alternative investments at AP1 and Aberdeen Asset Management.HSBC Global Asset Management – The €398bn asset manager has appointed Tina Radovic as global head of credit research. She joined the company in 2003 and has led the Paris-based credit research team for the past 10 years.In her new role, Radovic will be responsible for leading HSBC GAM’s global credit research platform and a 44-strong team, which supports the group’s $179bn (€161bn) fixed income offering.Pædagogernes Pension (PBU) – Uffe Jensen, the mayor of the Danish municipality of Odder, has become the new chairman of the supervisory board of Danish labour-market pension fund PBU. He replaces Claus Omann Jensen, who stepped down as chairman in May. Local municipal government organisation Kommunernes Landsforening (KL) and trade union BUPL, which jointly govern the pension fund, appointed Uffe Jensen as chair on 1 August.PKA AIP – PKA AIP, the alternative investment arm of Danish pension fund PKA, has appointed Jakob Karstensen as an associate in its private funds team. He previously worked for Danish investment firm Executive Capital within SME investments and fund management. Prior to this, Karstensen also worked for Nordea and Nordnet. SVB – Dutch social affairs minister Wouter Koolmees has appointed Diana Starmans as a member of the executive board of the Sociale Verzekeringsbank (SVB), the institute responsible for paying the Dutch state pension, AOW. Currently, Starmans is temporary chief executive of Groningen town council. She previously worked as director for policy advice and deputy CEO for Amsterdam’s city council.Unified Investors – The former head of tax and fund accounting at Denmark’s ATP, Mia Byrk, has joined Danish investor start-up Unified Investors as a partner. The company was founded by Kasper Mule Scott Struve, who left his role as director of private investments at Industriens Pension in January this year to start the business.In posts on LinkedIn, Struve said the company’s goal was to help institutional investors build exposure to private markets, while Byrk described her move to the new company as fulfilling her entrepreneurial desire. Byrk worked for ATP for the last seven years, including for the fund’s private equity arm for the first three. She has previously worked as financial controller for Danish property management company Ejendomsinvest.Green Finance Institute – Ben Caldecott has been appointed as a senior adviser to the chair and CEO of the UK’s Green Finance Institute. He is an associate professor at the University of Oxford and is the founding director of its Sustainable Finance Programme.The Green Finance Institute was launched in July with seed funding from two UK government departments and the City of London Corporation. Its CEO is Rhian-Mari Thomas and its chair is Sir Roger Gifford.Insticube – Former RobecoSAM head of institutional Rüdiger Zeppenfeld has joined data and analytics firm Insticube to lead its sales and relationship management efforts in Germany, Austria and Switzerland. According to Insticube – which is powered by IPE – Zeppenfeld has more than 22 years of “in-depth knowledge of asset management for institutional investors”. He has also worked for Berenberg Asset Management and State Street Global Advisors.Aon – Tony Baily is returning to the consultancy giant as a partner in its investment team after a four-year spell as client director with Cardano. Baily’s first period working with Aon lasted 23 years. His experience includes being a scheme actuary, a corporate pensions adviser and an investment consultant. In his new role at Aon he will focus on growing the firm’s fiduciary business. IC Select – The fiduciary management specialist has appointed John Paterson as a director, hiring him from investment and actuarial consultancy JLT Group. IC Select said his appointment followed a surge in demand for independent advice following the Competition and Markets Authority’s review into investment consultants and fiduciary managers.Lincoln Pensions – The UK covenant advice specialist has hired Nick Gibson as a director from PwC’s covenant advisory practice. According to Lincoln, Gibson “has advised schemes ranging in size from £10m to some of the largest in the UK, including many where the Pensions Regulator has been proactively involved. Prior to PwC, he spent three years at covenant advice group Gazelle Corporate Finance and has also worked for Begbies Traynor Group and EY.Dahlgren & Partners – The Swedish law firm, which specialises in occupational pensions, has hired Isabella Hugosson as a lawyer. She is returning to Dahlgren & Partners after working for the firm in 2015, joining from her most recent position at Swedish lawyers Kompass Advokat. Hugosson also previously worked for Swedish pension fund AMF specialising in insurance law. AP3 – Mattias Bylund (pictured) has left the Swedish first-pillar pension buffer fund to take up a position at the Abu Dhabi Investment Authority (ADIA). Bylund was most recently chief operating officer for investments at AP3.He held a number of senior positions at the SEK341bn (€31.7bn) fund during his 17-year spell, including chief financial officer and chief risk officer. At ADIA, Abu Dhabi’s sovereign wealth fund, Bylund will be head of risk and operations for external equities.center_img ACCESS – The pooling company for 11 English local authority pension schemes has named Kevin McDonald as interim director. He was previously pension director at the Essex Pension Fund, one of ACCESS’ client funds and the host authority of the pool.In his new role, McDonald will be responsible for managing the development and implementation of the ACCESS pool’s strategy, as well as maintaining effective communication with funds and “key partners”.The Essex Pension Fund has promoted Jody Evans to interim director.The 11 ACCESS funds have £45bn (€49bn) in assets under management between them, £22bn of which is “under pooled governance” by ACCESS.last_img read more

Scholpp beats the odds and returns to racing

first_imgKody ScholppBOONE, Iowa – Fifty-odd phone call calls and 20 or so texts followed Kody Scholpp’s run to the checkers in Wednesday night’s first Modified qualifying feature at the IMCA Speedway Motors Super Nationals fueled by Casey’s.The Estevan, Sask., driver earned his career second berth in the Saturday night main event at Boone Speedway. He’d been the first Canadian to qualify for the Modified show and finished sev­enth in 2013.“It seems like I ran second forever and my tires went away. I had to work just to hold on to sev­enth,” said Scholpp, who made sure four new Hoosiers were on the car this time around. “Win­ning (the qualifier) was awesome. I was smiling every time around the track I was so happy.”His very large racing family was smiling right along with him: Scholpp had sustained injuries includ­ing a broken neck and back in a January, 2014 motor vehicle accident and doctors weren’t sure that he’d walk again, let alone survive.He was hospitalized for 42 days, about a third of that time in a medically induced coma.“A lot of people prayed for me. That’s the only reason I’m here. My dad (Chris) came in before work every morning to help me learn how to walk again,” Scholpp said. “I raced a Stock Car in the Da­kota Tour. Boone last year was my first time in a Modified.”In his eighth Modified season, Scholpp raced this season at Estevan Motor Speedway, and at Williston and Mandan in North Dakota.Mike Hagen, the winner of the second qualifier, is a friend and frequent on-track foe.“The North Dakota racing community was pretty pumped Wednesday night,” said Scholpp. “A lot of them will be driving to Boone for the race on Saturday.”*Mike Hagen won the Thursday afternoon best two of three game of Rochambeau with fellow qualify­ing feature winner Kody Scholpp.At stake was the pole start in Saturday’s main event, plus a wealth of contingency awards.Lining up behind that pair on the inside row, in positions also determined by rock-paper-scissors, will be Josh Most, Dylan Smith, Chris Abelson, Corey Dripps, Ricky Thornton Jr. and Jason Beau­lieu.last_img read more

Solskjaer: Ighalo improved Martial

first_imgManchester United manager, Ole Gunnar Solskjaer, has hailed Odoin Ighalo’s impact on Anthony Martial since arriving the club in January.Frenchman Martial, 24, has been flying for the Red Devils since the season’s resumption earlier this month. The versatile forward was only stopped from finding the net at Tottenham by Hugo Lloris, while he flourished against Sheffield United, netting a classy hat-trick last Wednesday.Loanee Ighalo scored the opener at Carrow Road and has made a useful impact for the club on and off the pitch since arriving back in January.The former Watford hitman has surprisingly helped improve Martial’s all-round game, having been brought in earlier this year as more of a last resort addition to bolster United’s options up top.Ighalo has now scored in all four of his starts for United since joining on loan from Shanghai Shenhua, and Solskjaer has praised his influence on the team.“Odion is a seasoned No.9,” Solskjaer told Sky Sports . “He’s played that position his whole career whereas Anthony has played more out on the wing. “Odion is helping on the training pitch, in terms of his movement, hold-up play and just being himself. Anthony’s learning off an experienced centre-forward.”Solskjaer has not ruled out the possibility of signing a new striker this summer, and he is urging Martial to continue rising to the challenge at Old Trafford.“It’s the first season that he’s really playing as a No.9; he’s had to have that burden of the shirt and be that central focus through the middle,” Solskjaer added.“Sometimes that’s not easy when you play for Manchester United but he knows that we trust him and I think he knows that we want him to keep developing.“We’ll keep challenging him. There are always players in and around the team – and outside the club – who would want to be No.9 for Manchester United. “There’s always pressure on a centre-forward but so far, he’s performed really well.”Martial appeared to be truly enjoying himself at present alongside Marcus Rashford in front of goal, as Solskjaer continued: “He’s playing with a smile on his face.“Anthony has had a really good season, he’s been really important for us. We felt it during the couple of months he was out injured; we struggled.“But he knows that we trust him. He knows that we’ll have patience with him and that we’ll keep working with him.”RelatedPosts Ighalo: My best moment as ‘Red Devil’ EPL: Crystal Palace stun sloppy Man U EPL: Red Devils attack Palace Tags: ANthony MartialManchester UnitedOdion IghaloOle Gunnar SolskjaerRed Devilslast_img read more

Fabregas: Arsenal is in my heart

first_img The 26-year-old arrived in north London as a teenager in 2003 and spent eight years with the Gunners, before returning to Catalonia and his boyhood club two years ago for an initial £25.5million after a protracted transfer saga. Fabregas paid an emotional tribute to Arsenal manager Arsene Wenger after completing his return home in 2011 and admitted at the time that his failure to lift a trophy as Arsenal captain will always be his “biggest regret”. Barcelona midfielder Cesc Fabregas has stressed his love for former club Arsenal and indicated he would consider a future role at the Emirates Stadium – if not during his playing career then after. Speaking in an interview with the Guardian, he said: “Arsenal is in my heart and always will be. I don’t know if I’ll have the opportunity to go back and play there one day, or maybe after football. “It’s a club that is always going to be there and will always open its doors to me. The club’s like a family so, even if it wasn’t as a coach, I’m sure they’d give me the chance to play a role. “Sol (Campbell) is there now. Arsenal help a lot with the formation of coaches. (Dennis) Bergkamp also went there two, three times a week when he was doing his coaching badges. In that sense it’s a lovely club and there might be the chance to do something with them.” Arsenal sit top of the Barclays Premier League after eight games, and Fabregas believes this may well be the season Wenger’s men end a trophy drought which stretches back to 2005 – although he predicts the festive fixtures will be key. “I really hope so,” he said. “They’ve started very well. They look very strong; let’s see how they last. “In the Premier League you can be going well and then you lose two games and you slip away quickly. It’s very sudden. “A lot gets decided over Christmas: the team that hangs in there best, that can resist the best, will take the title.” Arsenal manager Wenger accepted Fabregas was a “special case” when it came to the decision to leave. “Some players were impatient when they get into the 30s, they feel they cannot win the Premier League and they want to go somewhere where they can win it,” said Wenger at a press conference ahead of Saturday’s Premier League game at Crystal Palace. “Cesc was a special case because he left Barcelona at the age of 16, he’s a Barcelona boy and they had the best team in the world. It was different for him.” Wenger added: “Cesc is usually a good judge and that he will come back one day shows that he has kept good memories of this club. “I am very happy that the players who have his intelligence, his technical ability and knowledge of the game come back one day – I watch them from somewhere up there!” Press Associationlast_img read more

Connolly hangs up boots

first_img The 37-year-old made over 400 senior club appearances during his career, with Watford, Wimbledon, Feyenoord, Leicester and Southampton among a host of clubs he played for, while he won 41 international caps. Connolly joined Sky Bet League Two side AFC Wimbledon in January after his contract with Portsmouth was cancelled by mutual consent but, after managing one goal in eight appearances, he has decided to hang up his boots following discussions with his manager and former team-mate Neal Ardley. Press Association Former Republic of Ireland striker David Connolly has announced his retirement from football with immediate effect.center_img Connolly told the Dons’ official website: “I pulled Neal aside for a heart-to-heart chat and I felt that now was the time to call it a day. “As time has gone on I felt that starting games was difficult and so too was travelling up and down the country to come off the bench for 10 minutes or so. Neal needed a striker that could play off (Adebayo) Akinfenwa and start games and that wasn’t me.” Ardley told Dons Player: ” I tried to talk him around, but his mind was made up. I have invited David to come back and do coaching at the club whenever he is ready.” last_img read more

DeSantis Orders Security Review of State, County Election Systems

first_imgGovernor Ron DeSantis responded Wednesday to the Mueller Report’s disclosure of Russian hacking of two Florida counties in the 2016 election by directing the Secretary of State to review the security of state and county election systems.In a one-page letter to Secretary of State Laurel Lee, DeSantis writes that the review is to focus on cybersecurity and will cover all 67 counties. The letter reads, “The Department (of State) shall develop a plan to identify and address any vulnerabilities. You are further directed to make this a top priority of the department and report your findings to the Executive Office of the Governor upon completion of your review.”Last week, DeSantis announced that the FBI informed him that Russians hacked two Florida counties in 2016. They also told him the hackers accessed voter information files in those counties, but not the vote tallying systems.I directed @FLSecofState to initiate a review of Florida’s elections security systems and cyber security. While 2016 election outcomes were not compromised, it is critical to protect the security of our elections which are the bedrock of our democracy.— Ron DeSantis (@GovRonDeSantis) May 22, 2019 The specifics of the security review have not been disclosed.DeSantis also stated in a news release that accompanied the letter to Lee, “Public faith in our elections is the bedrock of our democracy and we must do everything within our power to preserve the integrity of our elections systems. While the breaches did not compromise the outcome of the 2016 election, nonetheless, they highlight the importance of protecting the security of our elections system.”The security review is to start immediately.last_img read more

GSA’s John Hassett places ninth of 800 at Festival of Champions

first_img Real Estate Transfers Week of Sept. 17 – September 18, 2020 Latest Posts Donald Trump Jr. to host Holden campaign event – September 18, 2020 Latest posts by (see all) Bio BELFAST — George Stevens Academy junior John Hassett placed ninth of some 800 runners in the high school cross-country Festival of Champions on Saturday.Hassett completed the 3.2-mile course in 16 minutes and 27.28 seconds (a 5:17.8-minute mile average), leading GSA to an 11th-place finish overall with 387 points.Of the 64 boys’ teams, Scarborough won with 120 points, Cumberland took second with 162, and Falmouth finished third with 187.Two other GSA boys placed among the top 100 finishers: Ollie Dillon, 48th in 17:29.00; and Will Entwisle, 71st in 17:46.58.This is placeholder textThis is placeholder textThe GSA girls also placed 11th (409 points) of 54 teams. La Salle Academy won with 30 points, Orono took second (128 points), and Cumberland finished third (141).Three GSA girls placed among the top 100 of some 600 runners. Eliza Broughton led her team with a 37th-place finish in 20:11:33, Zeya Lorio took 47th (20:27.71) and Mary Richardson finished 63rd in 20:46.79.Mount Desert Island’s Emma Strong placed 75th in 21:02.79.As for other Hancock County teams, the MDI boys placed 39th (1,042 points), the Ellsworth boys took 48th (1,303), and the Bucksport boys finished 60th (1,694).The MDI girls took 31st with 789 points.Find more results at the links below:Girls’ resultsBoys’ results Drive-thru flu shot clinics scheduled – September 18, 2020last_img read more

Other Sports We made it hard for ourselves, says Hamilton

first_img For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps. Austin: Lewis Hamilton said Mercedes made life difficult for themselves with a cautious race strategy in the United States Grand Prix. The 33-year-old Briton, who finished third, but missed out on clinching his fifth drivers title, told reporters that he was surprised when he was called in for an early pit-stop to take advantage of a Virtual Safety Car intervention on lap 11.          “It was a little bit of a surprise,” said the Mercedes man after finishing behind race winner Kimi Raikkonen in a Ferrari and Red Bull’s Max Verstappen.          “And once we’d done the stop on 11, I knew I would be doing a two-stop.Also Read | IND vs WI: India win by eight wickets “We just made it so hard for ourselves. When we came out, I had to catch Kimi, I caught him, but my tyres were dead.”Then he did his stop and was catching me with fresh tyres — and then I came out, after the last stop, and had 12 seconds to catch up. It just made it so hard for us even to compete today.” He added that he was also not sure that he started the race on the best tyre.          “I think it already started from Q2, that tyre was the wrong tyre to start on. We knew there was a big difference in start performance on these different tyres, yet we fell for something that we already knew was potentially not the way forward.Also Read | Ethiopian Belihu wins Airtel Delhi Half Marathon men’s race          “I lost position to Kimi and then I wasn’t able to keep up because he had clean air and a better tyre.          “It was definitely a lesson learned, I think, for us. Performance-wise, it wasn’t our greatest weekend, but we’ve had some incredible weekends this year.          “Still, to get a third, I’m still grateful, but naturally, starting first and finishing third is never a good thing.”          Despite his disappointment, Hamilton seems assured of wrapping up the title in Mexico next weekend.  last_img read more