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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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Qantas Airbus operating the QF72 Singapore to Perth flight was struck by lightning soon after departure from Changi Airport, the airline confirmed.

A spokesman for the airline said the incident had not presented any safety issue to the aircraft or passengers.                qantas

The plane landed safely in Perth at its scheduled arrival time of 2.20pm, where it will now be inspected.

“The A330-300 aircraft will be inspected by engineers after landing,” the spokesman said.

“It is too soon to say if any maintenance will be required.”

To allow the necessary checks to be undertaken, the return QF71 flight to Singapore will be delayed by about two-and-a-half hours.

It will now depart Perth at 6pm.

Qantas said passengers booked on QF71 would be provided with refreshment vouchers.

“We will be keeping them informed of developments in the lead up to the departure,” the spokesman said.

Source  :  www.watoday.com.au

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Gale force winds tipped to hit Perth this weekend have forced two ferry operators to cancel all trips to Rottnest Island.                                                         sea storm               

The popular Rottnest Express confirmed it has cancelled all bookings from Friday to Sunday inclusive while Oceanic Cruises will not operate on Saturday or Sunday.

The third company which operates ferry trips to the island, Rottnest Fast Ferries, was already closed until July 3 for its regular winter break.

A Rottnest Express spokesman confirmed there had been “a few” bookings and all passengers would be issued refunds, while Oceanic Cruises did not have any bookings for this weekend.

Bureau of Meteorology public weather services manager Neil Bennett said waters from Yanchep to Mandurah and offshore to Rottnest Island could expect winds reaching between 30 to 40 knots on Friday and Saturday.

Mr Bennett said it was likely the Bureau would issue at least a strong wind warning but likely a gale force wind warning for the area.

Source  :   www.thewest.com.au

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A young Perth cricketer bashed with a brick outside a nightclub in Leeds in England might not be able to fly home for several months because severe head injuries that have left him unable to talk.
  
Chris Thomson, 26, suffered a fractured skull when he was attacked early on Monday.                                                                                                                           WAwa
  
A man hit him in the face with a brick and he fell backwards and struck his head heavily on the footpath. His attacker left in taxi.
  
Thomson, who made his A-grade debut for WACA club Mt Lawley at the end of the summer, was playing for Clayton West in West Yorkshire.
  
Thomson’s mother Jeannette went to England on Wednesday and was greeted with the news that her son was out of intensive care.

Source www.thewest.com.au

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Over 2000 homes across the metropolitan area are without power today as Western Power crews continue to repair powerlines damaged by the recent storms.

In Leederville 131 homes are without power, in Shoalwater 133 homes have been affected, 193 homes in Tuart Hill are without power and 149 Rockingham homes are blacked out.

A spokeswoman said most of the 2173 homes would have power restored this afternoon.  

150 homes where power outages have been affected by damage to a single electricity line, were expected to remain without power tonight.

More than 50 homes in the Perth Hills suburb of Parkerville have now been without electricity for almost two days.

The forecast shows showers will ease this afternoon with possible early showers Sunday morning followed by fine weather conditions.

Rising tides have battered two Perth landmarks – the Cottesloe Pylon and blue Crawley boat house on the Swan River – as wild weather hit the city.

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WESTERN Australia’s Liberal Government has handed down its first Budget, delivering a $647 million surplus but warning the state will be in deficit by 2012.

Treasurer Troy Buswell today delivered his first Budget since the Liberal Government came to power last year.

He said the 2008/09 surplus of $647 million would shrink to $409 million in 2009/10, and just $23 million the following year.

By 2011/12 the state will be in deficit to the tune of $513 million.

“Over the past months, as the global economy has been in decline, the state has been hit by large downward revisions to projected taxation revenue, GST grants from the Commonwealth and mining royalties,” Mr Buswell told parliament.

“Since the mid-year review, the Budget has lost a massive $4 billion in forecast revenue from these sources.”

Last year, then treasurer Eric Ripper delivered a surplus of more than $2 billion on the back of a booming commodities sector.

Economic growth remained high at 8 per cent for the 2008/09 financial year.

But forecasts predicted growth would fall into negative territory in 2009/10, with unemployment expected to peak, and business investment to fall by 17.5 per cent.

Mr Buswell said the Government would provide a one-year payroll tax rebate to small businesses with payrolls of up to $3.2 million to help protect jobs.

“Some 6,700 small businesses will be eligible for this payroll tax rebate, which will fully offset payroll tax for around 68,000 employees,” he said.

“The cost of this rebate is estimated at $100 million.”

A $47 million jobs training and skills package, and a $8.3 billion spend on infrastructure in the next financial year are key components of the Budget.
Mr Buswell said law and order were also strong focuses, in line with the Government’s election promises to boost funding for police and pump more money into prisons

Mr Buswell said the Government’s election promise to toughen up sentencing laws and introduce mandatory sentencing for people who assault police was underpinned in the Budget by a significant investment in prison capacity.

 

A total of $655 million will be invested in 2012/13 to create an extra 1657 prison beds across the state.

A record $5.1 billion spend on health services in the next year – rising 5.9 per cent, or $282 million from last year – will include the fast tracking of forward works for a new children’s hospital, the construction stage of the Fiona Stanley Hospital, and new hospitals in two regional centres.

Mr Buswell said the Government would push ahead with public sector reforms in a bid to achieve improved performance and efficiency.

The first stage of the economic audit committee promised by the Government during the last election was complete and a range of hard decisions had delivered $7.6 billion over the forward estimates, Mr Buswell said.

“I am looking forward to the second stage of the economic audit to identify strategies for broader reform over the longer term, so we can ensure the budget stays in surplus,” he said.

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weather perthThe first of the winter weather is expected to hit Perth next week.

Weatherzone meteorologists are forecasting wetter, windier and colder weather for most of the southern half of the state starting on Wednesday.

Weatherzone Head Meteorologist Matthew Pearce said the strength of the cold front would likely result in 20 to 30mm of rain along the coast and exposed areas stretching as far north as Geraldton and at least 5mm everywhere else.

Currently the weather is fine and sunny at 16 degrees with an expected top today of 25 degrees which will last until Sunday.

Some light showers should set in ahead of the cold front early next week.

www.watoday.com.au

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