first_imgPotential first home buyers say they have other debts to pay off before they can think about taking on a mortgage. Picture: GettyDESPITE what many may think saving a deposit isn’t the most stressful part of buying a first home.A survey of first home buyers found trying to navigate and assess a complicated range of mortgages stressed them almost more than any other part of the process.And it was Queensland buyers who found it the harder than buyers in any other state according to the latest Homebuyer Barometer from homeloans.com.au.Spokesman Will Keall said navigating the maze of mortgages was overwhelming for many first home buyers.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:40Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:40 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.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.The First Home Buyers Super Saver Scheme01:40 Related videos 01:40The First Home Buyers Super Saver Scheme01:25First home buyer struggles01:13Affordability Stamp Duty Changes03:25Auction Mornings – First home buyer01:07Tenant to Homeowner00:51Household DebtIn Queensland 28 per cent of respondents said finding the right property was the biggest stress, above finding the right mortgage 25 per cent.Many potential home buyers revealed they had to pay off existing debts before they could think about saving for and buying a home.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours ago“Worryingly, it’s the Millennials who had the greatest debt to pay — over $10,000 — while saving for a deposit, while those aged between 45 and 64 had the smallest debt, with 90 per cent of those in that age range needing to pay off less than $5,000,” Mr Keall said.The survey found a significant number (12 per cent) used money from their parents to help with the deposit.In Queensland 16 per cent of respondents relied on their parents for help.About 22 per cent also revealed the only way they could get into the market was to buy in conjunction with another person.last_img read more


first_imgThe Wrestling Sectionals were held on Saturday, January 27th, at Franklin County High School. The South Dearborn Knights edged out the host Wildcats 202-200 to win the team crown.The rest of the team scores were 151.5, Milan 145, East Central 134.5, Greensburg 108.5, Connersville 102.5, Rushville 94, Union County 50, Batesville 33, and Oldenburg Academy N/A.2017-18 FC Wrestling SectionalsThe Top 4 Wrestlers from each weight class will advance to The Regionals at Richmond on Saturday, February 3rd.The Wrestling Sectional Champions.106.  Eli Otto-South Dearborn113.  Shane Lonneman-Milan120.  Grant Stapleton-Lawrenceburg126.  Bryer Hall-South Dearborn132.  Austin Boggs-South Dearborn138.  Garrett Walton-South Dearborn145.  Dyllion Humbert-Franklin County152.  Stevie Browning-Franklin County160.  Tucker Coffman-Union County170.  Jesse Hunter-Greensburg182.  Jonah Rolfes-Lawrenceburg195.  Michael Bohman-Franklin County220.  Mason Parris-Lawrenceburg285.  DJ Koors-Greensburglast_img read more


first_imgThe Central-1 Credit Union is reporting that next year, southern regions of the province could take the lead from those here in the north, when it comes to BC economic growth.Senior economist Bryan Yu confirms that lower interest rates and the devalued loonie are seen as underpinning the modest growth this year.However, he also has qualified the 2016 forecast, noting major construction projects will likely be the driving force of the economy for the following two years, and over the long term they might bring the north back into the picture.- Advertisement -“A lot of that is going to be driven in southern markets (such as the) Okanagan,” he says. “In terms of the relative shift, what we’re also seeing an an ongoing weakness in the Asian markets in China, which is really having a significant impact on the mining side of the economy, and also the oil side of the economy, and all the relationships we’re seeing there … Looking at the north as well though, I think we are still expecting to see some uplift, especially late 2016 into 2017. That’s when we are expecting to see more major construction starting to build up, and that should provide that lift.”He says forestry is also a potential growth sector for the north given the improvement in the US housing market, but it’s believed the long-term timber supply impact of the mountain pine beetle infestation is likely to constrain production and growth.Bryan sees the lower Canadian dollar as the key to this year’s healthy tourism season, fuelling cross border vacations by Americans, while at the same time leading BC residents to choose stay-at-home vacations.Advertisement He says anecdotal reports, particularly in the Okanagan, suggest there are areas where visitor accommodation is now quite scarce, but he adds, there’s no statistical proof.last_img read more