Three reasons Sydneysiders are flocking to Brisbane homes

first_imgAndrew and Karen Hirst and their two children Oscar and Chloe have moved up from Sydney buying a large home in Red Hill for the same price as a small cramped terrace in Sydney. Picture: Adam ArmstrongSYDNEYSIDERS are ditching the confines of their overpriced smaller homes and heading to the sunny north for three main reasons, according to the latest data.Uno Home Loan’s latest market analysis shows that it would take a Marketing Manager on an average wage in Sydney almost seven years to save a deposit on a median-priced home, compared to just three years on the same salary in Brisbane.Uno Home Loans CEO Vincent Turner said Brisbanites were on a pretty good wicket compared to our Sydney cousins who would need to earn at least $150,000 per year gross salary, with no dependants, just to service a loan on a small property in the 10km zone.“People in Brisbane whinge about wages not keeping up with house prices, yet when you look at Sydney we seem to be in a pretty good position comparatively,” Mr Turner said. Uno Home Loans CEO Vincent TurnerEx-Sydneysiders Andrew and Karen Hirst with their two young children saw the benefit of the Brisbane property market and purchase a home in Red Hill at the end of last year.Ms Hirst said they got priced out of their home suburb in Sydney and were forced to make a lifestyle decision when she fell pregnant with their second child.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“We were lucky we entered the Sydney market when we did in 2012 but trying to upgrade our home was a massive challenge,” she said.“We ideally wanted to stay in the same area but financially that was not doable.”Late last year the family bought a four-bedroom, two-bathroom home with pool, sitting on a 900sq m block in Red Hill for $200,000 less than the two-bedroom terrace they sold in Lilyfield, Sydney.Ms Hirst said her husband was able to get a transfer within the company he worked for so managed to maintain the same salary, while she was able to negotiate a similar wage in Brisbane to her Sydney job as a digital director but on a part-time basis.Mr Turner said Uno Home Loans data analysis was showing that three main factors were making Sydneysiders rethink their lifestyle choice in their international city and move to the north.1. Rents are up to $700 month cheaper making it easier to save for a deposit.2. Stamp duty is significantly lower reducing the amount needed to save for a deposit.3. Median house prices in Brisbane are around $540,000, half that of Sydney’s $1.1 million median price.Yet their analysis shows that wages between the two cities are not that different, for example, a Marketing Manager on an average wage in Sydney would earn around $82,000, while the same person in Brisbane would be on around $78,000.“We’re certainly now seeing people rethinking where they want to live, especially in the first homebuyer early 30s category,” Mr Turner said.“They’re using the calculators on our site and seeing it doesn’t add up with living in inner-city Sydney, so while Melbourne is an attractive option, obviously there’s better weather in Brisbane.”last_img read more

UK pensions trade body names chief executive

first_imgMund said: “I want us to champion and focus on the areas that matter most to our members, and help us to provide a strong foundation for people’s retirement income. The PLSA has a dedicated and extremely capable workforce, and I am really looking forward to us driving the organisation forwards.”As well as the chief executive change, Williams is also due to step down from her position in October, with Richard Butcher – managing director of independent trustee firm PTL – taking over as chair.The PLSA said that, in his role as commercial services director, Mund had helped increase the trade body’s commercial income by 29%.During 2016, the PLSA recorded income of £8.2m (€9.2m), according to its annual accounts. Of this, £3.2m came from member subscriptions and £4.1m from its conferences and events. Profit for the year totalled just over £1m, while its reserves totalled £5m at the end of 2016. The UK’s Pensions and Lifetime Savings Association (PLSA) has appointed Julian Mund as its chief executive, succeeding Joanne Segars.Mund has been acting chief executive since June, when Segars left the pensions industry trade body. He will take on the role permanently from 1 August.He joined the PLSA in 2013 as commercial services director. He was previously director of markets and product development at the Chartered Institute of Public Finance and Accountancy.Lesley Williams, chair of the PLSA, said: “As an organisation that speaks about the importance of good governance, we considered who would be the most appropriate fit for the role as well as consulting our strong succession plans and Julian’s appointment is a result of those. He has successfully led the PLSA team during a very uncertain time, ensuring stability and the continuity of our work.”last_img read more

O’Neill picks five fresh faces

first_imgNorthern Ireland boss Michael O’Neill has named an experimental squad for the forthcoming friendlies against Uruguay and Chile, with five uncapped players being included. While still not in possession of a full cap, former Sunderland stopper Carson – who was recently released by Bury after spending the season on loan with Portsmouth – has been in the senior squad before and has represented Northern Ireland B. McLaughlin, a 19-year-old right-back, has also previously been an unused squad member and returns to the fold having made a first-team breakthrough at club level in 2013/14, turning out nine times for Barnsley on loan. He has been in the youth ranks at Liverpool, for whom he is still waiting to make his senior debut. Donnelly, 18, and part of the youth set-up at Fulham that has been gaining considerable attention of late, has not made a first-team appearance in English football, while 20-year-old ex-Manchester United academy member McCullough has been playing for Doncaster over the past season. Dundee United’s Paton was called into the last squad – for the 0-0 friendly draw in Cyprus in March – as a replacement for Sammy Clingan. There are several more experienced campaigners who are back involved having missed the Cyprus game in QPR’s Aaron Hughes, fellow defender Chris Baird – now at Burnley – and Blackburn midfielder Corry Evans. Another midfielder, New York Red Bulls’ Jonny Steele, has also been recalled, and Kilmarnock’s Clingan is included again. But O’Neill is without West Brom duo Gareth McAuley and Chris Brunt, Palermo’s Kyle Lafferty and Hull’s Alex Bruce, who came off with an injury in Saturday’s FA Cup final defeat to Arsenal. Northern Ireland squad to play Uruguay and Chile: R Carroll (Olympiacos), M McGovern (Falkirk), T Carson (Portsmouth), D Lafferty (Burnley), R McLaughlin (Liverpool), A Hughes (QPR), L McCullough (Doncaster), L Donnelly (Fulham), C Baird (Burnley), S Davis (Southampton), O Norwood (Huddersfield), S Ferguson (Newcastle), C Evans (Blackburn), S Clingan (Kilmarnock), J Steele (New York Red Bulls), P Paton (Dundee United), N McGinn (Aberdeen), B McKay (Inverness), M Paterson (Huddersfield), J Ward (Derby), D Shiels (Rangers), J Magennis (Aberdeen). Goalkeeper Trevor Carson, defensive trio Ryan McLaughlin, Luke McCullough and Liam Donnelly and midfielder Paul Paton are those yet to make a senior international appearance featuring in a 22-man party for the trip to South America. O’Neill’s men face Uruguay in Montevideo on May 30 before taking on Chile in Valparaiso on June 4. center_img Press Associationlast_img read more

Neymar nets double as Barcelona reach final

first_imgCopa Del Rey, El Madrigal – Villarreal 1 (Dos Santos 39′) Barcelona 3 (Neymar 2′, 87′, Suarez 73′)Neymar and Luis Suarez goals either side of half time have sent Barcelona to the Copa del Rey final after a comfortable 3-1 win against Villarreal at El Madrigal.The Brazilian netted in the 3rd minute to put Barca three goals ahead of Villarreal on aggregate having come into the second leg with a 3-1 lead.The hosts equalised just before half time after former Nou Camp midfielder Jonathan Dos Santos netted on the half volley. Despite rallying in the second half Jose Pina got himself sent off for a horror tackle on Neymar and minutes later Suarez rounded Sergio Asenjo to kill the tie with 20 minutes remaining.Neymar headed a Xavi cross home in the final minutes to put the tie truly to bed despite a good attacking performance from Villarreal.–last_img read more