Mason Owen buyout forms niche retail firm

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Policy to allow one negatively geared home each may solve housing dilemma

first_imgAllowing Aussies to hold at least one negatively geared property each might be the answer to cutting back the cost of the tax concessions without impacting the market too harshly. Picture: Darren EnglandRESTRICTING negative gearing to just one property each may be the answer for federal politicians looking to slash housing tax concessions.Amid fears housing will become a political football in the lead-up to next year’s Federal Election, experts have thrown up options that could see concessions remain with Mum and Dad investors — but only for one property each.Allowing Aussies to hold at least one negatively geared property each might be the answer to cutting back the cost of the tax concessions without impacting the market too harshly, according to Nerida Conisbee, chief economist. One of the options ALP is considering is to limit negative gearing to new properties. Picture: AFP photo/Paul J Richards.Rental housing supply tax incentives, potentially to large corporations would also need to be considered as an option, she said.As well, allowing negative gearing across regional areas should also be looked at, given very little new development was now going into places like Wagga Wagga while Hobart was seeing a rental crisis.“Investing in housing is something people have always been confident in but if you erode that, it does impact outlook and that can have compounding effect on pricing,” she warned. The Block 2018: Why Jess and Norm lost Nerida Conisbee, REA Group chief economist, believes there are options that could make negative gearing changes more palatable to the market.Ms Conisbee warned that given most rental housing was currently produced by mum and dad investors, drastic policy changes would have longer term impacts on rent prices and availability.“If people stop investing in housing, rents start to push up. Renters are far more sensitive to price rises.”More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThe answer, she believed, was “slight changes” to policy to ensure it was more palatable to the market.“One thing may be keep it but only to one negatively geared property (each),” she said.Ms Conisbee agreed that for those who couldn’t afford their first home it would seem unfair that others held up to 20 negatively geared properties.“For most mum and dad investors it would probably would be great to still negatively gear one property, and perhaps politically it would be more palatable too.” She told The Courier-Mail that the market had changed substantially and adjustment was needed to policies that doggedly wished to outlaw negative gearing.“We’ve had a 30 per cent reduction in lending to investors from the peak in 2015, there’s been a clear resurgence in first home buyers, all the things people were worried about have turned around,” she said.“That is one of the challenges of policy that you make it at one time and the situation can change dramatically by the time it comes into place and it’s quite clear that that’s what’s happened here.” FOLLOW SOPHIE FOSTER ON TWITTER OR FACEBOOKcenter_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), 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 Rate1xFullscreenStarting your hunt for a dream home00:51 “I don’t think anyone thought price rises in Sydney and Melbourne were a good thing. When it was reaching 10 per cent rises a year, there was a real sense of panic in the market. Things have settled.”Negative gearing has become a popular way to reduce personal tax liabilities, according to the Australian Labor Party, with the policy coming into full swing after concession changes put in place by former Liberal PM John Howard in 1999. MORE: Property prince cracks Young Rich List top three for first timelast_img read more

Yannick Lander committed to psychiatric unit for evaluation

first_imgLocalNews Yannick Lander committed to psychiatric unit for evaluation by: – March 22, 2012 112 Views   11 comments Court gavel. Photo credit: lazytechguys.comYannick Lander of Castle Comfort will spend the next two weeks in the confines of the Psychiatric Ward of the Princess Margaret Hospital as ordered by magistrate Candia Carette-George.Lander who was charged for beating Kyle David of Castle Comfort on Tuesday March 20th, 2012 pleaded not guilty when he appeared before Magistrate Candia Carette- George on Thursday.Arthlyn Nesty who represented the office of the Director of Public Prosecution objected to bail on the grounds of “public interest”.She said the defendant was also in breach of one of his bail conditions set by the High Court for a previous offence of murder.Lander was charged for murdering Dwayne Pinard of Castle Comfort in 2008.In his defense, Zena Dyer informed the court that Lander is “physically and mentally ill and needs to first visit Dr. McIntyre and then a physiatrist”.According to Dyer, her client s suffering from a throat infection and requires medical attention.She told the Court sending Lander to prison “won’t solve” the problem.Dyer also objected to sending her client to the state’s prison as Dwayne Pinard’s father is a prison officer.“He is charged for murdering a prison officer’s son, and he is going right back to prison. Sending him back to face Pinard won’t help the situation”.Magistrate Candia Carette George denied bail based on the defendants “breach of previous bail conditions” and committed him to the Psychiatric Unit for evaluation and treatment. Lander is expected to return to court following the two weeks evaluation and a report from the psychiatrist. Dominica Vibes News Share Sharecenter_img Tweet Sharing is caring! Sharelast_img read more

Barcelona star continues road to recovery on injured knee

first_imgBut Suarez posted an update of his rehabilitation onto his Instagram page on Tuesday.Alongside a photo of him exercising his knee and giving a thumbs up, Suarez wrote: ‘Keep progressing, getting stronger everyday!’Barcelona were in the market for a striker during the January transfer window to try to fill the void left by Suarez for the remainder of the season.The Catalan giants were linked to Valencia forward Rodrigo and Beijing Guoan’s Cedric Bakambu but moves failed to materialise. The forward was ruled out for four months after having an operation on his right knee last month. Barcelona star Luis Suarez is continuing his road to recovery by strengthening his injured knee.Advertisement Loading… center_img Read Also: Odion Ighalo unveiled finally as Manchester United playerBarcelona are currently three points behind LaLiga leaders and rivals Real Madrid.Quique Setien’s side face Athletic Bilbao in the Copa del Rey quarter-finals on Thursday.FacebookTwitterWhatsAppEmail分享 Promoted Content2020 Tattoo Trends: Here’s What You’ll See This YearWho Earns More Than Ronaldo?Birds Enjoy Living In A Gallery Space Created For ThemThe 9 Best Robots In Movie HistorySuch A Sweet Life Story Of The Youngest Queen In The WorldThe Highest Paid Football Players In The WorldWhy Do So Many Digital Assistants Have Feminine Names & Voices?Who Is The Most Powerful Woman On Earth?7 Mind-Boggling Facts About Black Holes7 Non-Obvious Things That Damage Your Phone7 Ways To Understand Your Girlfriend BetterInsane 3D Spraying Skills Turn In Incredible Street Artlast_img read more

Duterte bares P200-billion aid plan for poor families

first_img There were also quick response measures for farmers and fisherfolk to help them during the crisis while at the same time ensuring food productivity, availability, and sufficiency during the period of the pandemic. Despite these available funds, President Duterte said that he is also counting on middle- and upper-class Filipinos to support the less privileged during the health crisis. The government will also provide a recovery package – especially to micro, small, and medium enterprises – to help deal with the economic effects of this pandemic. He said his economic team is currently drafting the guideline, Duterte said. Duterte was referring to a provision under the Bayanihan to Heal as One law (Republic Act 11469) that allows government to realign P275 billion from the national budget in an effort to reduce the transmission of COVID-19 in the country. “We have allotted P200 billion for low-income households who are badly affected by the current crisis. Sila ang nasa informal sector and those who live day to day on subsistence wages or no work no pay,” Duterte said. Of this amount, around P200 billion is expected to be utilized for the emergency subsidy plan for the 18 million low-income households who will be receiving financial assistance between P5,000 and P8,000 in a span of two months. In an address to the nation on late Monday night, President Duterte said that low-income households will benefit from the biggest social assistance program in the history of the country.center_img “To those who have more in life, I implore you to share in the cost of taking share of the less fortunate and keeping our society intact. They have also contributed to our prosperity in one way or the other so let us support them,” he said. There will also be unhampered flow of cargo to maintain a steady supply of food, goods and other essential supplies and items.A price freeze on commodities is already in effect as well as measures to curtail hoarding and profiteering. MANILA – President Rodrigo Duterte announced that the government has set aside P200 billion for those affected by the enhanced community quarantine observed to curb the spread of coronavirus disease 2019 (COVID-19) in the country. “Uulitin ko – hindi ito panahon para kumita. Hindi ito panahon ng pagsasamantala,” the President said./PN “The amount will be distributed to those in the informal sectors living on day-to-day subsistence or “no-work, no pay” arrangements,” the Chief Executive said.last_img read more

Black Bear Spotted in Jennings County

first_imgJENNINGS COUNTY, Ind. — The Black bear that has recently been seen in Southeast Indiana, was spotted in Jennings County on Sunday.The bear is making its home in the Big Oaks National Wildlife Refuge.The Indiana Department of Natural Resources reminds residents that black bears are rarely aggressive.They also ask that residents:Remove trash cans from outside areas and store in a garage or shed.Remove bird feeders (for the time being.Do NOT FEED the bear–A FED BEAR IS A DEAD BEAR.Clean and store your grill inside a garage or shed.Do not try to follow or harass the bear.These tips will keep the bear wild and not looking for food near your house.These tips will also keep both you and the bear from any unwanted interactions.If you do spot the bear:Enjoy it from a distance.Advertise your presence by shouting and waving your arms and backing slowly away.Never attempt to feed or attract bears.Report bear sightings to the Indiana Division of Fish & Wildlife at (812) 334-1137 or read more

Possible $30,000 to win at Han­cock County specials

first_imgBRITT, Iowa – The stars of the Xtreme Motor Sports IMCA Modified division will shine in three Iowa Speedweek events at Hancock County Speedway.The Night of 1,000 Stars on Thursday, Aug. 11, Night of 10,000 Stars on Friday, Aug. 12, and the All Star Race on Saturday, Aug. 13 at Britt all boast potential winner’s checks of $10,000, meaning the driver winning all three nights could take home $30,000.All three races are 50 laps in distance with a mandatory pit stop on the front stretch on lap 25, and are 2017 Fast Shafts All-Star Invitational ballot qualifying events. All three events will also be broadcast by IMCA.TV.Thursday’s winner is guaranteed $3,500. Another $2,500 in lap money is at stake. A $2,000 bonus will be paid if the winner has raced six times previously this season at Britt; $1,000 bonuses will be paid to the leader at midway of the 50-lapper and if the winner has perfect attendance at Hancock County this year.IMCA Sunoco Stock Cars run for $700 to win, Karl Chevrolet Northern SportMods and IMCA Sunoco Hobby Stocks both for $500 to win at the 22nd annual Night of 1,000 Stars, sponsored by Prichard Auto Stores and Lake Mills MotorsportsFriday’s Modified winner earns $7,000, with $1,000 bonuses if they are a previous winner of the Night of 1,000 Stars, raced at least 10 times previously at Britt this season and if they’ve won a feature at Hancock County in 2016.Stock Cars chase a $1,000 top prize. Northern SportMods race for $500 to win, Hobby Stocks for $400.DuPont Pioneer and DuPont Crop Protection sponsor the fourth annual Night of 10,000 Stars.Saturday’s Modified winner is guaranteed $4,000 with a $5,000 bonus paid if they’ve got perfect attendance this season at HCS. A bonus of $1,000 will be paid to the lap 25 leader.Stock Cars race for $1,000 to win, SportMods and Hobby Stocks for $500 and Mach-1 Sport Compacts for $300.The All Star Race is sponsored by Farm Nutrients LLC and the Landus Corporation.Fireworks follow Thursday and Friday shows. Pit gates open at 4:30 p.m. with hot laps at 6:30 p.m. and rac­ing to follow. On Saturday, gates open at 2:30 p.m. and hot laps are at 4:30 p.m. with racing following.Grandstand admission is $18 for adults, $10 for kids ages 6-12 and free for five and under all three nights. Modified entry fees are $100 a night. Late entry is $130. Pit passes are $35.More information about any of the three specials is available at the website or by calling promoter Joe Ringsdorf at 515 320-0066 or the track at 641 843-9080.Parts, tires and fuel will be available at the track or by calling 515 341-2232.Garner Inn & Suites is the host hotel. Reservations can be made by calling 855 925-1001 or 641 925-1001.last_img read more

‘Camping Indiana’ Facebook group to host ‘Give Back Weekend’

first_imgStatewide—Members of Camping Indiana, a Facebook group, are participating in a ‘Give Back Weekend’ for the DNR this weekend. During that span, members will be picking up trash at various state parks, fish & wildlife areas, and state forest properties. The group comprises around 15,000 members.Earl Reagan, the group’s founder, said he started the group in 2011 to share information on parks and help new campers. Jody Heaston, volunteer coordinator for state parks, said the help is needed because there has been an increase the number of visitors at all DNR properties this summer.last_img

David Busst backs Manchester United’s Luke Shaw to overcome broken leg agony

first_imgDavid Busst has offered Manchester United and England left-back Luke Shaw hope of a return to action before the end of the season. Press Association Former Coventry defender Busst suffered a horrific leg break against United at Old Trafford in 1996 after colliding with Denis Irwin and Brian McClair and retired from the game a few months later. Busst needed 26 operations and contracted the MRSA virus but he is confident Shaw, 20, who sustained a double fracture of his right leg in Tuesday night’s 2-1 defeat at PSV Eindhoven, will make a full recovery. center_img He told The Sun: “It wasn’t the actual fractures that stopped me from playing, it was the infections. “But so long as it’s a clean break and there is no infection, there shouldn’t be a major issue for Luke.” last_img read more

Bertram Allen disqualified in Olympia Grand Prix, Michael Whitaker takes victory

first_img “My foot must have slipped against Quiet Easy’s side as I was riding against the clock. He’s a sensitive horse and it was just a tiny nick.” Whitaker, meanwhile, gave Allen his winner’s rosette, and said: “Bertram was probably very hard done-by. “I would have preferred to have won it in the ring, but I suppose rules are rules and everyone has got to abide by them, but I couldn’t see much wrong.” There was a disqualification earlier on Monday in the International Six Bar competition, meanwhile, affecting Norway’s Victoria Gulliksen, who had tied for victory with Spain’s Eduardo Alvarez Aznar. Organisers said 23-year-old Gulliksen had entered the competition when the rules had specifically stated that she could not do so. Gulliksen was only invited to take part in Olympia’s Alltech Puissance event last Thursday. Gulliksen said: “Sadly, there was a mistake, on my part, as I genuinely thought my National Federation had received permission for me to enter the Six Bar.” The event’s ground jury spotted the error, but it was too late to take action. Gulliksen was subsequently disqualified under the competition rules. Ground jury president Jon Doney added: “Unfortunately, under the rules, there is no question that Victoria Gulliksen has had to be disqualified from the Six Bar competition today. “We are obviously very disappointed for Victoria and the genuine mistake which led to the disqualification, and look forward to her returning another year.” Ten combinations took on the challenge, which involves jumping a line of fences, with the final obstacle steadily raised and a maximum of four jump-off rounds being allowed, with Alvarez Aznar on Chatman and Gulliksen, riding Grand Balou, both jumping a final fence of 6ft 5in high. Switzerland’s former world number one Pius Schwizer had made a flying start to the show’s final at Olympia by winning a thrilling Holly Speed Stakes. Just 60 hundredths of a second separated the top four finishers in the one round speed class. and it was Schwizer who came up trumps, clocking a time of 52.34 seconds on Leonard de la Ferme to edge out Irish 2012 Olympic bronze medallist Cian O’Connor, riding Coco II. Allen’s fellow Irish star Cian O’Connor, who also rode in the grand prix, criticised the decision to disqualify Allen. Writing on his Facebook page, London 2012 individual bronze medallist O’Connor said: “I feel for my team-mate Bertram tonight, who annihilated the opposition to win the grand prix. “A general consensus among the top riders here is that the FEI (Federation Equestre Internationale) rule needs to be reviewed regarding mandatory disqualification, and in my view, over-zealous stewarding by one particular steward, compounded by the apathetic actions of the foreign judge and president of the ground jury, led to bringing the sport and this great show into the spotlight for the wrong reasons.” Allen, 20, had posted a stunning jump-off time of 30.45 seconds on Quiet Easy to destroy a world-class field. But drama then reigned behind the scenes amid reports that Allen had been disqualified after blood had apparently been spotted on one of the horse’s flanks, raising a horse welfare issue. Press Association The London International Horse Show ended in controversial fashion after Irish sensation Bertram Allen was disqualified from the Olympia Grand Prix. Under international rules, a rider is automatically disqualified if blood is found. The prize presentation ceremony did not take place until 30 minutes after the class ended, with a capacity 9,000 crowd remaining in their seats, awaiting developments. Heated discussion raged around the collecting ring, but Britain’s Michael Whitaker, riding Viking, was promoted from second place to take the £18,300 top prize, with Germans Ludger Beerbaum and Marcus Ehning second and third, respectively. Olympia officials were believed to be drafting a statement explaining the sequence of events as Allen, who is one of showjumping’s hottest young properties, began reflecting on matters. All horses are checked by the steward after they have jumped, and any issues are then reported to the ground jury, who would make a final decision. Allen, though, was left stunned, as were connections of the horse, an 11-year-old chestnut gelding. “I am utterly devastated, just speechless,” Allen told “I have a fantastic relationship with all of my horses, and their welfare is paramount. last_img read more