LandSecs and the City

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Job-generating projects predicted to increase renters in Townsville’s property market

first_imgRenting. Istock. Townsville Bulletin Real EstateTOWNSVILLE’S vacancy rate could reach as low as 3 per cent before the end of the year as job-generating projects begin to ramp up.A report by local economist Colin Dwyer from DS Economics and commissioned by Townsville Rentals shows the vacancy rate has risen slightly to 4.9 per cent, but it was expected to tighten throughout 2018 and 2019.Townsville Rentals manager Mardi Williams said the softening of the vacancy rate was seasonal and probably due to tertiary students and transferees exiting properties.“Looking forward, the Townsville residential rental market will become tight when the vacancy rate reaches 3 per cent, that’s when a further 450 to 500 rental properties are absorbed,” she said.“This could occur in 2018 or 2019.“Townsville is likely to experience a decrease in rental stock in February and March as tertiary students return and projects ramp up in mid 2018, the rental market is likely to firm around this time.”The most popular home type to rent was a unit in postcode 4810, followed by a house located in postcode 4814, accounting for a combined 32.2 per of rental stock.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The report states that there are more than 100 local and surrounding approved projects, creating thousands of direct jobs.“These looming projects will attract many workers and their families from outside Townsville and drive demand for residential rental property. Some Townsville zones and product will perform better than others,” the report stated.“A rental vacancy rate of 3 per cent does not necessarily guarantee rising rents and better yields but it is a sufficient condition for this to occur.”Mr Dwyer said the Townsville rental market had improved significantly since he began collecting data in July last year.“In July there was 1647 homes available for rent in Townsville region with a vacancy rate over 6 per cent,” he said.“According to, in the seven months to February 6, 2018, 343 rental homes have been absorbed.“The lowest vacancy rate experience so far this year was in October with a vacancy rate of 4.36 per cent.”last_img read more

UK roundup: Department for Work and Pensions, The Pensions Regulator

first_imgThe UK government has responded to a consultation on making technical changes to the rules governing auto-enrolment.The Department for Work & Pensions (DWP) was consulting on whether to exempt certain individuals from auto-enrolment after pressure from the industry over technical difficulties.In its response, the government has concluded workers, where auto-enrolment would breach their protected tax status, may be excluded, but only if highlighted by the employee beforehand.The department said it would construct viable options to exclude those who had given notice of retirement, but said it needed to consider further the practical implications of excluding those leaving employment. It ruled out, despite industry lobbying, exclusion for those with serious ill health, those working for a UK employer but living abroad and new starters, temporary or casual staff.It also concluded it inappropriate to exclude employees on the basis on employer size or sector.In another issue, the DWP has gone against general industry consultation in removing the protected status of defined benefit (DB) schemes, which belong to former public industries but have since been privatised.As contracting out ends in the wake of the new state pension structure, the option to allow DB schemes to change the level of benefits for members, to manage the extra cost burden associated with the end of contracting out, is available to all schemes, except these former public schemes.Despite the National Association of Pension Funds’ call for all funds and members to be treated equally, the government said it must stand by the promises made to former state workers at the time of privatisation.Finally, in its monthly update, The Pensions Regulator, has announced that almost 2.9m people had undergone auto-enrolment by the end of January 2014.They join the 7.8m people who were already members by the time their employer staged.However, the watchdog admitted that more than 3.6m employees had been left out of the flagship pension project since it began in 2012.The latest estimates have employee opt-out levels at around 10%.last_img read more

France promulgates law paving way for pension fund vehicles

first_imgThe vehicle will be governed by a regulatory regime compliant with the EU Institutions for Occupational Retirement Provision (IORP) Directive.The details about the new vehicles, which are also being referred to as pension funds “à la française” – will be set out in a separate ministerial order.A draft of this is being discussed by the industry, IPE understands.A spokeswoman for the French finance ministry confirmed to IPE that the final ministerial order was due to be published in the first half [corrected from first quarter] of 2017.The idea behind the FRPS is to allow insurers to shift supplementary pensions into the new legal entity, freeing them from capital requirements under Solvency II.These are seen as favouring sovereign bonds to the detriment of return-seeking assets and economic growth, which the Sapin II law seeks to boost.The government has previously said that some €130bn worth of assets would be eligible for the transfer to FRPS vehicles.In France, the bulk of pension provision is on a pay-as-you-go basis, and, outside of that, pension provision is typically insurance-based.ERAFP, which runs the mandatory supplementary pension scheme for civil servants, sees itself as France’s only pension fund. A French law providing for IORP-compliant pension vehicles in the country has been promulgated, and the decree creating the pension funds is due to be out in the first quarter of 2017.Sapin II, as the law is colloquially referred to – named after the French finance and economy minister Michel Sapin – was officially published on 10 December, having been adopted in the country’s parliament on 8 November.A draft of the law was presented at the end of March.The omnibus legislation includes an article – Article 114 – providing for the creation of a new type of legal entity for pension provision, a “fonds de retraite professionelle supplémentaire” (FRPS).last_img read more

Diana Shipping Finds Work for Capesize Pair

first_imgGreece-based dry bulk vessel owner Diana Shipping has signed new time charter contracts for two of its Capesize vessels.The first charter deal was inked with Singapore Marine Pte. Ltd. for the 2010-built M/V New York.The gross charter rate is USD 15,500 per day for a period of minimum seventeen to about nineteen months. The charter commenced on June 7, 2019.The 177,773 dwt bulker previously worked for Hong Kong-based DHL Project & Chartering at a rate of USD 16,000 per day.Moreover, the second Capesize vessel will be chartered out by Diana to Germany’s Oldendorff Carriers.The gross charter rate for the M/V Boston is USD 15,300 per day for a period until minimum April 1, 2021, to maximum June 30, 2021. The charter also began on June 7.Constructed in 2007, the 177,828 dwt Boston earlier worked for Hong Kong’s EGPN Bulk Carrier at a rate of USD 17,000 per day.The employments of New York and Boston are anticipated to generate approximately USD 17.91 million of gross revenue for the minimum scheduled period of the time charters, Diana said.Diana Shipping’s fleet currently comprises 45 dry bulk vessels with a combined carrying capacity of approximately 5.5 million dwt and a weighted average age of 9.26 years.last_img read more

Mrs. Roberta Jewel Tilford Cord

first_imgMrs. Roberta Jewel Tilford Cord, 91, formerly of Switzerland County, Indiana, passed away at 4:45 p.m., Monday, March 26, 2018 in St. Petersburg, Florida. Roberta was born on January 24, 1927, in Cecilia, Kentucky in Hardin County to Thomas Hendrix Tilford and Cora Ellen Farmer Tilford. She graduated from Howe Valley High School in 1944 at the age of sixteen. She then attended Sullivan Business College in Louisville, Kentucky and during World War II worked for a loan company. She met the love of her life, William Henry Cord, of Ewing, Kentucky after he returned home from World War II. They were married on July 3, 1947 in Jeffersonville, Indiana, and in 1949 welcomed their first child, William Tilford Cord. Shortly thereafter they moved to a hill farm located in Switzerland County where they raised tobacco, cattle, and sheep. A daughter, Kathleen, was born to the farm family in 1952. As a farm wife, Roberta also worked at the U.S. Shoe Corporation in Vevay, Indiana before beginning a college career at Hanover College in Hanover, Indiana at the age of thirty. She graduated from Hanover College with a degree in elementary education in 1961. That same year she began teaching at Jefferson Craig Elementary in Vevay, Indiana. She continued teaching there until 1965 at which time she had also earned a master’s degree in school administration from Indiana University, Bloomington. In 1965 Mrs. Cord became the principal of Jefferson Craig Elementary School. She had the distinction of being Switzerland County’s first certificated “lady principal.” During the summer months she was employed as the director of the Head Start program of the Office of Equal Opportunity working in Ohio, Ripley, Dearborn and Switzerland Counties to establish and implement this totally new educational program for preschool children. She was also instrumental in establishing enrollment in special education programs when such classes became a requirement in Indiana, as well as initiating new programs under Title 1 in 1965. From 1970-1975, Mrs. Cord became the first Switzerland County School Corporation curriculum coordinator, serving as the federal programs and Chapter 1 director and grant writer. Five years later she became the principal and teacher at Florence Elementary School in Florence, Indiana. In the late 1970’s plans began to be developed for a new elementary school in East Enterprise, Indiana which would consolidate four small county schools. Mrs. Cord was hired as the first principal of this new facility, Switzerland County Elementary School, in 1980. She retired from this position in 1990. Good, honest, hard work defined her character, and she maintained an unfailing positive attitude after retirement and later after the death of her husband on February 1, 2013. Later she would live in an assisted-living center, Brentwood Senior Living Community, and later in a nursing facility, Menorah Manor, in St. Petersburg, Florida, where her family used to vacation during the winter. Mrs. Cord lived her life with grace, optimism and dignity and dedicated herself to her students. She was known for her generosity and often donated personal items for children who were without and worked tirelessly to ensure her students’ well being and educational success. She often communicated with family and school patrons through personal letters and cards and visited community members facing daunting hardships in life. She had several hobbies and pastimes, but gained the greatest pleasure from real accomplishments in the area of education for Switzerland County’s youth and adults. She loved her rural Indiana farm and working with her husband on it for as long as their health allowed. She particularly loved her farm animals and pets. Roberta was a longtime member of Tri Kappa and the Eggleston Club of Switzerland County as well as of the Indiana State Teachers’ and Principals’ Associations, Switzerland County Classroom Teacher Association, and the Indiana and Switzerland County Retired Teachers’ Association. Roberta and her family were affiliated with the Long Run Baptist in Switzerland County for many years. Robert is survived by her son, William Tilford Cord and his wife Jill, of Switzerland County; her daughter, Kathleen Cash and husband Frank, of St. Petersburg, Florida; and two grandsons, Adam Christopher Cord and wife Danelle of Jefferson City, Missouri and Jonathan Cord Houghton of Tampa Bay, Florida. She is also survived by one sister, Wanda White and husband Arthur, of Alexandria, Virginia, and several nieces and nephewsShe was preceded in death by her parents, Thomas Tilford and Cora Ellen Tilford; her husband, William Henry Cord, (to whom she was married sixty-six years); her sister Frances Klinglesmith; and by her brother, Thomas Tilford. Funeral services will be conducted Tuesday, April 3, 2018, at 2:00 pm, by Pastor KC Banta and Tom Rogers, at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043. Interment will follow in the Vevay Cemetery, Vevay, Indiana.Friends may call 10:00 am – 2:00 pm, Tuesday, April 3, 2018, at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043. Memorial contributions may be made to Long Run Baptist Church. Cards are available at the funeral home.last_img read more

Conn wires field at 81 for first RaceSaver Sprint series win

first_imgFeature results – 1. Tanner Conn; 2. Zach Blurton; 3. Jack Potter; 4. Jeremy Huish; 5. Steven Shebester; 6. Brandon Anderson; 7. Tracey Hill; 8. Ty Williams; 9. J.D. Johnson; 10. Dalton Webb; 11. Kyler Johnson; 12. Ken Lutters; 13. Chris Kelly. Conn, already a two-time winner this season in IMCA RaceSaver Sprint Car weekly action at Lawton Speedway, went on to claim his first-career URSS and SSO victory.  By David Smith Jr., OKTidbits Conn and Steven Shebester started on the front row for the 20-lap feature finale with Conn taking the lead as the green flag fell. Fourth starting Zach Blurton moved into the second position and pressured the young driver but could never get close enough to mount a challenge for the lead. Next up for the Rebels of the Lucas Oil POWRi URSS presented by Mel Hambelton Ford Racing will be a pair of events during the Independence Holiday weekend. It will all kick off on Thursday night, July 4, atop the Belleville High Banks in Belleville, Kan. After taking Friday night off, they then head to Thunder Hill Speedway in Mayetta, Kan., on Saturday, July 5.center_img Tanner Conn led every lap of the June 21 IMCA RaceSaver Sprint Car feature at 81 Speedway to win a main event co-sanctioned by the United Rebel Sprint Series and the Sprint Series of Okla­homa. Blurton settled for second while third-starting Jack Potter held on for third. Brandon Anderson took home the Keizer Wheels hard-charger award, coming from 12th starting to finish sixth. PARK CITY, Kan. (June 21) – Tanner Conn took the lead at the start and never looked back to claim the Lucas Oil POWRi United Rebel Sprint Series presented by Mel Hambelton Ford Racing and Sprint Series of Oklahoma presented by Smiley’s Racing Products feature Friday night at 81 Speedway.last_img read more

From ‘Special One’ to ‘Happy One’

first_imgJose Mourinho described himself as “the happy one” after being officially unveiled as Chelsea’s manager for the second time. Press Association He added: “Time flies. A lot of things happened in my professional life in the last nine years, but I have the same nature, I am the same person, I have the same heart, I have the same kind of emotions related to my passion for football and my job, but I am a different person in this moment. “If I have to describe myself, I would describe myself as a very happy person because it’s the first time I arrive in a club where I already love the club.” Mourinho left the club by mutual agreement six years ago, with many observers pointing to a perceived breakdown in his relationship with owner Roman Abramovich. But he said: “First of all, that’s not true. I read and I keep hearing that I was fired, I was sacked, we had a complete breakdown of our relationship – that was not true. Many didn’t believe that but it was a mutual agreement. We thought it was best for both of us, for me and the club.” Mourinho won two Barclays Premier League titles, one FA Cup and two League Cups during his three-year spell at Stamford Bridge. The former Inter Milan boss has now set his sights on achieving even more success during his new period at the club, where he has signed a four-year contract. He said: “I know many of the people that belong to the club and I know the kind of mentality people have here and my career was built and based on success where I was able to reach success and to win trophies. I want everyone to work hard, work with quality. The club means much more compared to ourselves. We are no one without the club. If we work well success will arrive.” Mourinho is aiming for a long second spell at Stamford Bridge after spending less than three years at both Inter and Real, and he added: “I am where I want to be so now it’s up to me to work hard to show my club that I deserve to be here for a long time.” center_img The Portuguese, who led Chelsea to back-to-back titles during his initial spell at the club between 2004 and 2007, has signed a new four-year deal to be the Blues’ new boss after leaving Real Madrid in the summer. Mourinho famously described himself as a “special one” at his first unveiling nine years ago, but he was a bit more restrained this time. Speaking to about 250 journalists at Stamford Bridge, the 50-year-old said: “I am the happy one. I am very happy.” last_img read more

Belfast downed by Devils

first_img Press Association The Steelers won their game against Fife Flyers with a 3-0 shutout as they closed the gap on second-placed Dundee to a point. Cardiff Devils claimed a 2-1 penalty shootout win over Elite League leaders Belfast Giants on Saturday night.center_img Luke Piggott had opened the scoring for Cardiff in the first period but Colin Shields cancelled that out three minutes later, with Jake Morrisette the difference in the shootout to claim a win for the Welsh side. Meanwhile, Braehead Clan consigned Edinburgh Capitals to a 3-1 defeat – their eighth in succession – to claim their fifth win in a row and keep the pressure on third-placed Sheffield Steelers. last_img read more