RBA warns of dwelling risk if conditions deteriorate

first_imgConstruction and cranes have been a familiar sight over the inner city for the last three years. Picture: Richard WalkerTHE Reserve Bank has warned Australia risked an above average rise in dwellings being cancelled if market conditions deteriorate.The latest RBA board minutes, released Tuesday, expected to see a high level of dwelling investment over “the next year or so” but warned of “some risk” of above average cancellations.It said private dwelling investment had already “declined unexpectedly” in the September quarter, when “poor weather had disrupted construction”.“The large amount of work in the pipeline was expected to support dwelling investment at high levels over the next year or so, although there was some risk of more cancellations than usual if conditions in apartment markets deteriorated.”More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoRBA governor Philip Lowe arriving at a function in Sydney. Picture: James CroucherThe board, which is presided over by RBA governor Philip Lowe, has tread carefully in recent years in its attempts to prevent the housing boom from turning to bust. It found low interest rates and increased housing prices had driven a surge in dwelling investment nationally over the previous year, with Sydney and Melbourne pulling away from the rest of the market.RBA warned that increased supply and lower population growth had already depressed rents and apartment prices in Perth “and, increasingly, Brisbane”, while established housing markets in Sydney and Melbourne had picked up over the second half of 2016.The board noted “a small increase” in variable housing lending rates for investors but “little change in overall lending rates for owner-occupiers and in business lending rates”.The latest ASX RBA rate indicator was showing a 95 per cent market expectation of no change to the official 1.5 per cent cash rate at the next RBA board meeting on March 7.last_img read more

Rhonda G. Fields

first_imgRhonda G. Fields, 61, of Brookville, died on Monday, September 7, 2020, at Reid Health in Richmond following complications from  Covid 19.Rhonda was born in Batesville on November 8, 1958, to Bernard and Marilyn Hertel Fields. She was a member of St. Thomas Lutheran Church in Brookville. Rhonda enjoyed watching old TV shows, doing word search puzzles, and spending time with friends and family.Rhonda is survived by her mother: Marilyn Fields of Brookville, a brother: Mike Fields of Brookville; and aunts, uncles and cousins. She was preceded in death by her father, Bernard Fields, who died in 2014.A public graveside service will be held at Maple Grove Cemetery on Thursday, September 10, 2020, at 10:00 a.m. with Pastor Ladonna Webb of St. Thomas Lutheran Church officiating. Memorial Contributions may be made to St. Thomas Lutheran Church ~ 823 Franklin Ave. Brookville, IN 47012;  The Watch Center ~ 437 Mill Street Brookville, IN 47012; Benchmark Human Services ~ 1455 IN 44 Connersville, IN 47331; or Winter Wonderland Donation Fund (payable to Town of Brookville) 1020 Franklin Ave. Brookville, IN 47012.Cook Rosenberger Funeral Home assisted the family with the arrangements. For more information or to send condolences, memories, or sign online guest book, go to www.cookrosenberger.com.  The staff of Cook Rosenberger Funeral Home was honored to serve Rhonda’s family.last_img read more

Konta first British woman to make French Open semis since 1983

first_imgBy Ossian ShinePARIS, France (Reuters) – Jo Konta cantered into the semi-finals of the French Open yesterday, blitzing American Sloane Stephens 6-1, 6-4 to become the first British woman into the last four in Paris since 1983.It was a brutal performance, but one that left her feeling light of spirit: “I think happy more than anything,” she smiled.“I feel just really happy. Yeah, happy, I think, is the main word, main feeling. I feel really pleased with just how I dealt with the conditions out there and just how I gave myself space to play. I thought I played the game, which I was just really pleased with. Just happy.”Swinging freely, the 28-year-old pummelled groundstrokes past her opponent to secure the victory in a little over an hour.Konta, who had never won a match here before this year, will face either Petra Martic or Marketa Vondrousova for a spot in the final.“I’ve always said that whenever I step out onto the court, I’m always going to have a chance,” Konta said.“I’m always going to have a shot. I don’t think any player on tour can go on court against me and feel like they’ve definitely got it.“I definitely back myself and my ability that way.”The last British woman to reach the final in Paris was Sue Barker, who lifted the trophy in 1976.Stephens refused to rule Konta out as a champion.“I think any of the people left in the tournament can win the tournament. I think she played really well today. Obviously it only gets tougher from here. Yeah, I think anyone that’s left can win the tournament,” she said.last_img read more