Prescott gives DIRFT go-ahead

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The drop in Brisbane unit values has finally slowed

first_imgUnit values halted their downward slide during January.THE drop in Brisbane unit values has finally slowed with new figures revealing some subtle growth in January.The latest CoreLogic home values figures revealed that unit values increased 0.1 per cent during January.This was on the back of a 0.9 per cent drop during the past quarter and a 0.7 per cent drop last year.The median unit value for Brisbane was now $384,551.Brisbane’s median house value actually dropped by 0.1 per cent during January to $532,395.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus21 hours agoCoreLogic head of research Tim Lawless said the unit market was still dragging down Brisbane’s results as a whole as a result of concerns around supply and buyer caution.According to the latest Jones Lang LaSalle, Brisbane apartment market report, market fundamentals for the unit market are expected to remain difficult in the short to medium term as a high level of stock is absorbed.“Downward pressure on apartment values and rents is expected to be maintained, but ease slightly in the short-run,’’ it said.“Any recovery in the inner Brisbane apartment market will be dependent on the continued growth of the Queensland economy and any subsequent increases in population growth stemming from that improvement.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:34Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:34 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMonthly Core Index: January quarterly00:34last_img read more

October unemployment numbers released

first_imgBatesville, In. — October unemployment in the Hoosier state rests at 3.9 percent, up one-tenth of a percent from September and two-tenths of a percent lower than the national rate of 4.1 percent. The Indiana labor force totals 3.33 million, the participation rate is 64.2 percent.last_img

BVI Government Urges Foreigners Without Jobs to Leave the Island

first_imgThe Labour Minister said that these persons should also register with the Immigration Department giving the particulars of their departure to allow for their exit to be properly recorded, thus assisting in a smooth re-entry when opportunity presents itself. “I am aware that in a time like this many persons may be disheartened and frustrated by the decision to have them return to their home country, and though we are walking by faith and not by sight, the reality shows a future filled with bleak times for the world,” Natural Resources, Labour and Immigration Minister, Vincent Wheatley, told the Parliament on Friday. “This is a testament of our commitment to non-nationals making the BVI their home, where so desired. Further to this, with the help of the Economic and Fiscal Taskforce, Premier Fahie has been able to present to you, the public, a stimulus plan that reflects several initiatives geared towards helping not only BVIslanders and Belongers, but all persons who legally work in our Territory,” Wheatley said, adding stimulus initiatives cannot last forever. “However, Mr. Speaker, the reality is, some will not be able to find alternative jobs and without financial or family support will be required to leave the Territory. With a reducing job market and the Government’s commitment under the Labour Code 2010 Section 2(b) which states “the legitimate employment interest of Virgin Islanders and Belongers shall be paramount ….. “Mr. Speaker we recognize that many already wish to leave and we will do all that we can to assist those persons in whatever way we can,” he said, adding that over the past three months both departments have been faced with an escalation in the number of persons who have been laid off or released because of COVID-19. He said this would allow a qualifying person residing for a period of five years or more, and not having a previous Conditional Permit within the last three years, to remain in the BVI while seeking employment for a period of three months. He said that the government has fought to bridge the gap between being a long-time resident and becoming a Belonger, by successfully developing and executing the Immigration Regularization Initiative. But Wheatley told legislators that the authorities are mindful that not all employees who have been terminated will qualify for a Conditional Permit and would still recommend that an application be made for the review of the Chief Immigration Officer, if a viable alternative job is available, for his review and discretionary decision.center_img TORTOLA, British Virgin islands – The British Virgin islands (BVI) government has informed non-nationals that they should leave the British Overseas Territory (BOT) if they have been terminated from their jobs and are unable to find alternative work as a result of the coronavirus (COVID-19) pandemic. “It is not easy for us as a Government to see our brothers and sisters become unable to take care of themselves, as, unlike BVIslanders and Belongers who may be able to depend on a nearby family member, they may not have that luxury,” Wheatley said. “We therefore ask that persons falling within this category of being released from permanent employment, being unable to find alternative work and unable to obtain a Conditional Permit begin to make the necessary arrangements to return to their homeland or an approved receiving jurisdiction of their choosing.” He said that though expected, the harsh reality of persons being unable to sustain their lives has been brought to the forefront. He told legislators that previously people residing here who have been terminated and would like to seek alternative employment would have had the option to apply to the Acting Chief Immigration Officer for the option to receive a Conditional Permit under Section 31(1)(c) and 31(1A) of the Immigration and Passport (Amendment) Act, 2016. CMClast_img read more