Parents have financially stepped in becoming the fifth biggest lender to first home buyers

first_imgRay White Queensland CEO, Tony Warland said parents wanted to help secure their children’s future and they thought helping buy property could do that.Mr Warland said this could help them grow their wealth to get a more substantial deposit together to buy a home they would like to live in.”“There is nothing more rewarding than seeing children entering into their first property investment whether it be a home or investment it is wanting to secure a future for them.’’The research found the most common way that parents helped was allowing their children to live rent free in their home and contributing money toward a deposit.Some acted as a guarantor, helped with repayments or bought as a partner with their children.About 9 per cent of parents delayed their retirement in order to help their children out and 4 per cent said they would sell some assets. Kirsty Lamont of Mozo said parents realised it was hard for their children to save enough for a deposit on their own.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour agoMs Lamont said this could be because parents realised it was just too hard for young people to pull the money together to service a mortgage and pay them back.She said not all parents were contributing money but many were doing what they could to help including allowing their children to move back home rent free, so they could save.The research found 29 per cent of Australian families offered financial assistance to their children with the average amount being $64,206.“For many first home buyers, house prices around Australia can be absolutely daunting. It can take years to scrimp and save for a home deposit, all the while house prices continue to skyrocket, becoming increasingly inaccessible,’’ she said.Ray White Queensland CEO, Tony Warland said it was something he had seen in past years with families of different cultural backgrounds but now it had become more widespread.He said it wasn’t always cash but often it could be offering their own property as equity.“I would say that a lot of family members are helping their children not necessarily into homes (to live in) but also to get into an investment property.’’ Parents have become major lenders to their children trying to get into the property market.ALMOST a third of home buyers have to rely on money from their parents to buy their own home with Queensland mums and dads digging deep.According to research by financial comparison website Mozo this makes the “Bank of Mum and Dad’’ the fifth biggest mortgage lender in Australia, behind the big four banks.And it appears the Bank of Mum and Dad are a generous bunch with 67 per cent not expecting to be repaid.New research by Mozo revealed Queensland parents kicked in on average $44,694 to help their children into the property market.Nationally parents had contributed $65.3 billion to their children to buy their first property.The research asked parents how they helped their children and if they did how much they contributed.Mozo director, Kirsty Lamont, said it showed the many first home buyers were unable to independently take their first step onto the property ladder.“I think it was certainly surprising that the Bank of Mum and Dad is such a major lender in the property market,’’ she said.“I think it is really interesting that the fact that many parents don’t expect their kids to repay them financially.’’last_img read more

Fitzdares strengthens commitment to racing with Peterborough Chase sponsorship

first_img Fitzdares to launch Mayfair private members’ club August 11, 2020 Related Articles StumbleUpon Share Share BGC: Charities win big as bookies take beating in Britannia Stakes June 19, 2020 Fitzdares launches betting’s first WhatsApp tipping service July 28, 2020 Submit Private bookmaker Fitzdares has confirmed that it will be continuing its support of the UK racing industry through its sponsorship of the upcoming Peterborough Chase in December. The bookmaker will be launching the £500,000 Best Mate Bonus to mark the 50th anniversary of the race, and to celebrate the revered jump horse, Best Mate. The half a million pound bonus will be made available to any horse that wins the Peterborough Chase, King George VI Chase and the Cheltenham Gold Cup in one season, as Best Mate famously did in 2002.William Woodhams, CEO of Fitzdares, commented: “We are fully committed to supporting UK racing and like to put our money where our mouth is, which is why we have put up this huge bonus. Courses like Huntingdon are what makes National Hunt racing ingrained in our culture. “It is our role as a bookmaker to support them not just financially but also with creative initiatives that drive awareness and attendance. With the first-ever Trainers Derby as well, it’s going to be a day to remember. Wrap up warm!”The race day card will consist of seven races, including the 50th Peterborough Chase, and a extra race, the first-ever trainer’s race. The Trainers Derby will see trainers taking to the saddle to raise funds for Racing Welfare, highlighting both Fitzdares and the Jockey Club’s continued support of trainers and stables in East Anglia. Fitzdares’ latest race sponsorship has already captured the attention of both Newmarket trainers Charlie Fellowes and George Scott, who have since confirmed that they will be participating in the competition.last_img read more

Women and Girls’ Golf Week tots up 12m Twitter impressions

first_img Tags: Girls, Women Women and Girls’ Golf Week, which closed on a high when Georgia Hall won the Women’s British Open, was a huge success across GB&I. The #WhyIGolf reached more than 2.5m people on Twitter, generating over 12m impressions.“These figures are just amazing,” said Lauren Spray, England Golf’s Women and Girls’ Manager. “Our aim was to raise awareness of the fabulous female side of the game and, with the support and collaboration of the other home countries, we’ve succeeded beyond our expectations.“The response during the week from women, girls – and men – joining the conversation with #WhyIGolf was fantastic. Now we’re working on ways to channel this energy and enthusiasm to grow the game.“Georgia Hall’s thrilling victory was the perfect way to end the week and to inspire more women and girls to get into golf.”The results of the week coincide with the release of data by Nielsen Sports showing that 59% of the UK population have an active interest in women’s sport – a potential market of 24m people.Women and Girls’ Golf Week was the inspiration of England Golf and supported by Scottish Golf, Wales Golf, the Irish Ladies Golf Union and The R&A and was designed to unite the golf industry to grow the women and girls’ game.Website stories followed a theme for each day and featured career women, volunteers, players and celebrities. The conversation grew rapidly on social media with women and girls sharing their stories with the #WhyIGolf.The campaign reached as far as Australia, with content arriving via LinkedIn, and the week was highlighted on BBC Radio 5Live and featured by Sarah Stirk on Sky Sports.Stirk was one of the many celebrities who got involved with Women and Girls’ Golf Week, alongside her colleague Henni Goya, the BBC’s Naga Munchetty and Katherine Downes, talkSPORT’s Georgie Bingham, TV and radio hosts Jenni Falconer and Seema Jaswal, tour professional and event host Sophie Walker and social influencers Cat Meffan and the Jazzy Golfer.Facts and figures from England Golf’s social media platforms:• 2.4m people reached in total• 2.5m impressions on the day which celebrated celebrity golfers and wellbeing• 200,000+ views of video content on Facebook and Twitter• 1000 people shared their stories on Instagram, covering the whole spectrum of golf from four-year-olds on the range with their parents to experienced lady captains.England Golf’s top performing posts:• Twitter – the campaign video generated over 203,000 impressions• Facebook – the campaign video reached 95,000 people• Instagram – a post on Durham County Association players received over 4000 impressions.The week was also supported by a wide range of stakeholders, including the Ladies European Tour, the PGA, with their own #WeLoveGolf, the Golf Foundation, the greenkeepers’ association BIGGA, magazines Women & Golf and Lady Golfer, Golf Access, Golf and Health and the CEO of American Golf. 9 Aug 2018 Women and Girls’ Golf Week tots up 12m Twitter impressions last_img read more

OVERTIME 8-7…A-Rod, Paula Patton, ‘Johnny Football’

first_imgActress Paula Patton attends the premiere of “2 Guns” on Monday, July 29, 2013, in New York. (Photo by Andy Kropa/Invision/AP):03 So you know what the movie review is this week don’t ya? And for the first time in your life, you want me to give it to ya. Here it is. The movie “2 Guns” gets 2 basketballs . . .way too predictable and it shows Denzel, well being Denzel, and Wahlberg next to Denzel even a not so good Denzel can’t carry his Oscar. But Paula naked, well that’s “10” basketballs on a scale of 5. That alone is worth the ticket price. (Fellas, go alone…please enjoy yourself.):02 The Game Part II. Coming to the new Thelma Lovette YMCA, Aug. 17, 2 p.m., The Savoy All-Stars vs. The Champion All-Stars. Proceeds benefit the YMCA and Champions Safe Summer programs. Here’s the deal. If you support the Champions come to the game in black and gold. If you support the Savoy, come in your black and orange. Yep, that would be the loser’s colors. Now – Let’s – Get – Ready – To – RRRRUUUUMMMMBBBBLLLLEEEE!!!!:01 Steeler preseason is here…game time Aug. 10, at 7:30 p.m. against the NY Giants. Now you know what you thought you knew. Your comments are welcome. Follow @NewPghCourier on Twitter  https://twitter.com/NewPghCourierLike us at https://www.facebook.com/pages/New-Pittsburgh-Courier/143866755628836?ref=hlDownload our mobile app at http://www.appshopper.com/news/new-pittsburgh-courier BILL NEAL:10 Here’s when you know you got juice…A-Rod aka Alex Rodriguez, he of the New York Yankees and the owner of 647 home runs, No. 5 on the hit list and 2,901 hits soon to be 3,000, if he’s allowed to play…he told baseball what the deal is not, not the other way around…but Barry Bonds is the devil huh? (Oh this just in hot off the press. A-Rod just got 241 game suspension….but guess what he’s still playing!:09 I don’t know if it gets any easier to fix than this…Johnny Manziel, I know you’re the Heisman Trophy winner, but if you do one more thing, you’re off the team…Texas A&M will roll without you…that’s it end of story. What!:08 You either forgot or don’t want to remember that Tiger Woods has won five tournaments this year. Yeah, I know, no majors, but none the less…and still ranked No. 1 in the world. C’mon man!:07 That being said. I would tell you what Kevin Cameron’s prediction is for Tiger in the upcoming PGA Tournament, but as you all know, Mr. Cameron only makes his predictions after the games are played…Huh? Oops! My bad. Did I say that out loud? By the way, did you all know that Kevin Cameron is a baseball “Purist”? I don’t know what it is either, but if Kevin says he’s one, I believe him. I am just saying!:06 The…I am sorry, your Pittsburgh Pirates took 4 out of 5 from the St. Louis Cardinals, the best team in baseball. Would you please just shut up and enjoy the ride!:05 Speaking of Johnny Manziel, aka Mr. Football, and I was if you were paying attention. If he was busted getting paid for signing autographs, I ain’t mad at him for that. Everybody should be able to get paid for the use of their name! That’s a double C’mon man for ya. (Rare, but it happens.):04 Eric “Crusher” Jefferson’s sister…ah, ah, ah, c’mon, you know who I am talking about. Anyway, she’s in the Locker Room now. Thanks for reading. (OK, the real reason I forgot her name is cause I saw her at the movies, but I have to admit I had Paula Patton on my mind at the time. I guess ya’ll know she’s naked in the new Denzel – Wahlberg movie “2 Guns.” WOW!!! Just WOW!last_img read more