Relief for renters as rates fall

RELIEF may be in sight for renters who have been hit in the hip pocket by skyrocketing rents over the past few years.

There has been a small decrease in rental rates across Australia’s capital cities over the June quarter, suggesting rental yields may have hit their peak, leading property statistics agency RP Data says.

Weekly house rents fell by 3.5 per cent nationally over the June quarter while unit rents dropped 0.6 per cent.

The largest fall was in the Canberra market with a drop of six per cent for the June quarter in the housing market, where the median weekly rent fell from $530 in March to $498 in June.

The only mainland capital city to experience a nearly six per cent rise in rent was Darwin, where renters can expect to fork out about $100 more per week than those in Sydney, where rents dipped by about five per cent.

“It now appears that the rental market may have peaked with national weekly median rents falling slightly in each month post March 2009,” RP Data’s Tim Lawless said in a statement.

“And with rental rates now coming off the boil and property values rising we are seeing the first signs that rental rates are eroding.”

Rental vacancies remain tight across the nation with all capitals recording less than three per cent vacancy in stock.

Source  :   www.news.com.au  

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Petrol prices ‘rising’ in next fortnight

Further increases in petrol prices are predicted as Australia’s unleaded benchmark price scaled a 10-month high of almost $100 a barrel in the past week.  

While the continued signs of a recovery in the global economy had been great news for share market investors, the same could not be said for motorists, Commonwealth Securities economist Savanth Sebastian said.

The Australian Institute of Petroleum’s weekly report showed the unleaded petrol prices rose by an average 1.9 cents per litre in the past week to 124.5 cents.

The average metropolitan price rose by 2.6 cents a litre to 124.2 cents, while the regional average price rose by 0.7 cents to 125.1 cents.

“The glut of oil inventory on global markets is not putting downward pressure on prices,” Mr Sebastian said, adding traders and investors were focussed on the recovery story.

Even a strong Australian dollar has not been able to significantly absorb the rally in oil prices.

This resulted in the benchmark for Australian unleaded petrol – the Singapore gasoline price – rising to a 10-month high of $99.70 from $97.33 in the past week.

“If there is any consolation for motorists, it is that the rise in pump prices is likely to be rather sedate,” Mr Sebastian said.

“The petrol price will rise over the next fortnight, but only modestly, up around three to five cents a litre.”

Source  :  www.thewest.com.au

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Contest for best looking dog heats up

WEST Australian dog owners are getting busy grooming their four-legged friends as The Sunday Times and PerthNow search for the state’s best-looking canines.  

 

 

More than 200 entries have been emailed in so far for WA’s top dog categories.  

Two-year-old bernese mountain dog Borris, weighing in at 36kg, is in the running for honours as best-looking big dog. His owner has called him a “gentle giant”.

Mel Birch and her children Mikey, 13, Mason, 9 and Taylah, 7, of Helena Valley welcomed their second family shih tzu, Moshi, two years ago.

Moshi will be competing in the category of cutest small dog.

“His best qualities would be his super-long eyelashes and his ability to fly like Superman – his front legs just leap out when he jumps off ledges and it makes everyone laugh,” Ms Birch said.

“People think he’s a girl because of how long his eyelashes are, but he’s just a pretty boy.”

Long-haired miniature dachshund Piper is another heart-melter in the cutest small-dog category.

There are categories also for ugliest dog and the dog that looks most like its owner.

The winner of each category will receive $100.

www.news.com.au

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