Construction 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.
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Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory “It really started with the group we have,” Lawrence Frank, the Clippers’ president of basketball operations, told reporters at the Westdrift Manhattan Beach hotel. “They’ve really helped redefine what a Clipper is – competitive, hard-playing, tough dudes who have some grit and some toughness and some resiliency. And I think you’ll find it in both the young men we drafted.”At Barclays Center in Brooklyn, Kabengele reflected on his big moment.“My agent grabbed my leg. He didn’t want to tell me anything, but he said, ‘Be ready,’ ” Kabengele said. “I said, ‘OK, Brooklyn’s picking, so I won’t have to travel and I’m staying here. Then I come to find out that I’m traded to the Clippers. (Coach) Doc Rivers, Lou Williams and (having Shai Gilgeous-Alexander) a fellow Canadian was just like a bonus.“The Clippers are great, just similar to Florida State University – the whole team, (there’s) a team cohesion and togetherness … I just know it’s the right spot.”What advice had he received from his famous uncle? “He was everything for me during this whole process,” Kabengele said. “(He told me) what to expect – workouts, coaching and just the business.”The 250-pound Kabengele is considered a mobile big man with the chops to defend on the perimeter. He’s known for his strength and his impressive offensive instincts, including effective footwork and a soft touch.“Fi, as their sixth man, was their leading scorer and has an unbelievable knack for scoring inside and out,” Frank said. “He can play the forward position, he can also play some at center, he’s trending toward the new center in his ability to not just roll and finish, but to shoot the college 3. He’s got some good weak-side shot-blocking awareness.”Kabengele shot 37 percent from 3-point range and 76 percent from the free-throw line last season in college. He also averaged 13.2 points and 5.9 rebounds in 21.6 minutes per game.Meanwhile, last season at FSU, Mann averaged 11.4 points, 6.5 rebounds, 2.5 assists and shot 50.5 percent from the field.“We’re always looking for big wings,” Frank said of Mann, whom one of the Clippers scouts has known since the player was in 7th grade. “And Terance is a terrific playmaker, a very good defender and has improved his shooting each year.”Said Kabengele of his still-teammate: “Terance Mann was everything, a leader, poised and calm. He is someone that I looked up to throughout this whole process. He took me under his wing when I first got to Florida State University. And then how he (carried) himself in Tallahassee, I tried to do the same thing.“We can contribute to the culture that you guys already have.”Drafting Kabengele in the first round means the Clippers will add a guaranteed contract to their payroll. Second-round picks don’t have guaranteed contracts.The projected cap hit associated with the 27th pick is $1,645,300, according to Real GM. In order to maximize their cap space in free agency, the Clippers could waive Tyrone Wallace and Sindarius Thornwell, both of whom have non-guaranteed contracts.Kabengele’s selection made it a record-setting four Canadians selected in the first round. Also picked: Duke’s R.J. Barrett (Mississauga) went third; Virginia Tech’s Nickeil Alexander-Walker (Toronto), 17th; and Gonzaga’s Brandon Clarke (Vancouver), 21st.The Clippers hope to make a significant splash in free agency when they reportedly will pursue the Toronto Raptors’ Leonard, the Southern California native who this month won his second NBA title and NBA Finals MVP.“(Free agency) is definitely an important part of the process,” Frank said. “You look at the ways to improve your team and tonight was one of them. Free agency’s next, player retention is another big part of it, player development is another big part of it. Obviously, we’re gonna do our best in free agency and also realize we never put all our eggs in one basket.”Point guard Gilgeous-Alexander, the Canadian already in the Clippers’ camp, also was in Brooklyn, back at the scene of his selection a year ago. He was on hand Thursday to celebrate his cousin Alexander-Walker, a standout at Virginia Tech who was selected 17th by the Brooklyn Nets and promptly delivered to the New Orleans Pelicans.“It’s a blessing, obviously,” said Gilgeous-Alexander, an All-Rookie second-teamer last season, on ESPN’s broadcast. “We worked for it our whole life. And we knew, as early as I can remember, that we’d both make it, and we’re here today … and we’re ready for the challenge.As for which of them won more one-on-one games growing up in Canada?“I’ll say him,” Gilgeous-Alexander joked. “It’s his day.”Related Articles What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 As expected, Zion Williamson, the superstar forward from Duke was selected No. 1 overall by the New Orleans Pelicans. Williamson was one of three Duke players selected in the first round, along with Barrett (third to the Knicks) and Cam Reddish (10th to Atlanta).Murray State’s Ja Morant was the second overall selection, by the Grizzlies.Florida State already had a presence with the Clippers; assistant coach Sam Cassell played for the Seminoles before being drafted 24th in 1993.“If you guys have watched Florida State play, they’re a very hard-playing, competitive team,” Frank said. “And I’m a pretty simple guy: You get some hard-playing, tough dudes and you become a hard-playing tough team.“So it just kind of came together. And the fact that they’re on the same team, we saw a little bit of a byproduct (of that) even on the G League level when we had (former Seton Hall teammates) Angel (Delgado) and Desi (Rodriguez). Just having guys who have that connection, they build that camaraderie.”#FSU’s Mfiondu Kabengele, who will play for the #Clippers next year, averaged 22.3 PTS, 11.4 REBS, 2.6 BLKS+ 1.1 STLS per-40 minutes while shooting 37.4% on threes in 71 appearances over two seasons with the #SeminolesHere’s a look at our interview + workout with @Mfiondu pic.twitter.com/uPp69e0xA3— DraftExpressContent (@DXContent) June 21, 2019 Clippers hope they can play to their capabilities, quell Mavericks’ momentum Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates MANHATTAN BEACH — While Canadians keep a watchful eye on Kawhi Leonard’s every trip out to eat or shop or go to the ballpark – documenting them all on social media – the Clippers had their sights set on a Canadian center with impressive basketball lineage.The Clippers traded up to nab 21-year-old center Mfiondu Kabengele – a Toronto native and the nephew of Hall of Famer Dikembe Mutombo – with the 27th pick in the NBA Draft on Thursday.In exchange for the 6-foot-10 former Florida State standout, the Clippers sent Brooklyn their 56th pick and the protected 2020 pick that they’d received in last season’s Tobias Harris trade with Philadelphia.Then, with the 48th pick, the Clippers selected Kabengele’s Florida State teammate, 6-6 small forward Terance Mann. The 22-year-old reportedly impressed scouts with his versatility and ability to move without the ball during his performance at the G League combine earlier this week. Newsroom GuidelinesNews TipsContact UsReport an Error