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Property cycles explained02:13 “Both household spending and residential construction activity have weighed on economic growth so a turnaround in these sectors would be a welcome turn of events.”From a business perspective, Gold Coast Central Chamber of Commerce president Martin Hall said the cut offered a “mixed bag” of positives and negatives.“Low interest rates from today mean the rate or the cost of borrowing for a business is cheaper,” he said.“It would be great if we could get some of that revenue back into smaller business.”He said it would be great to see any savings being invested back into tourism infrastructure on the Coast. “Dropping interest rates to below 1 per cent may have a negative impact on consumer confidence in the economy, and we know that when people are experiencing uncertainty, they are less likely to make major financial decisions such as buying or selling property,” she said.“Our data has been suggesting a future upwards swing within the Queensland property market for some time now.“Whether or not an additional interest rate cut will have any material impact on the current state of the property market remains to be seen.” The cash rate is now at a historic low.However, REIQ Gold Coast zone chairman Andrew Henderson said if the banks passed the rate cuts on, it would be easier for people to borrow more money and pay their mortgages.“It’s already been quite low but it’s still going to put more money in people’s pockets,” he said.“Part of the equation is, how much do the major players pass on.“It’s a competitive industry so hopefully they come to the party and pass on the rate cut to the consumer.”Ray White Surfers Paradise chief executive Andrew Bell said it made home loans more affordable but rates were already so low it was no longer a stimulant for people to borrow money.“Of course any low interest rate does help, subject to the banks passing it on, but I don’t expect it to make a significant difference,” he said.CoreLogic’s head of research Tim Lawless said lower interest rates with a subtle loosening in credit policies and improved sentiment had already seen house values rise.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago The RBA has cut the official interest rate to 0.75 per cent.PROPERTY experts are divided about whether the Reserve Bank’s decision to slash the cash rate to a new record low will help or hinder the market.The official interest rate has been lowered to 0.75 per cent following cuts in June, July and August.While it was anticipated, not everyone is convinced the cut will be a benefit.Real Estate Institute of Queensland chief executive Antonia Mercorella said it may undermine the state’s strong market.She welcomed decisions that would make it easier for Queenslanders to pay their mortgages or ease affordability but was concerned it would shake public confidence. MORE NEWS: Housing set for fresh record highscenter_img “The rebound in housing conditions should help to support an improvement in economic conditions as higher housing prices translate to a wealthier and more confident household sector, who will hopefully be inclined to spend more,” he said. “Stronger housing conditions should also support the residential construction sector where approvals dropped through the housing downturn. MORE NEWS: Beach house hits market with jaw-dropping price taglast_img read more

first_img Newsroom GuidelinesNews TipsContact UsReport an Error • King’s Hawaiian Dog, an all-beef quarter-pound hot dog topped off with a pineapple salsa, served on King’s Hawaiian bread• Pastrami Burger, a quarter-pound beef patty on a potato bun topped with hot pastrami, drizzled stone-ground mustard served with Kettle Style home chips and a pickle spear• Shock Top Bratwurst, spicy pork bratwurst link infused with Shock Top beer served on a buttered-grilled lobster roll with caramelized onions and spicy brown mustard• Cast Iron Corn Bread and Fried Chicken available at the Stadium Club Bar with limited quantities per dayChanges to Dodger Stadium include more standing room tables and stools at the top of the park to give all fans an opportunity to take in picturesque Dodger Stadium. More memorabilia is now on display throughout Dodger Stadium, including added exhibits on the top deck, in the Press Box gallery on the club level and on the field level at the entries near the right and left-field bullpen bars and at the baseline clubs.Several upgrades to the electrical infrastructure throughout Dodger Stadium were also made, increasing lighting throughout the stadium.Improvements were also made to guide fans safely through the parking lots and along the routes used when fans take the Dodger Stadium Express to and from the stadium.New merchandise available includes “Star Wars”-themed pennants, cups and lanyards and a Marvel movie series lanyard. A New Era store is now at Loge Section 150.A dedicated Uber Zone has been established in Lot 12 for fans to meet their drivers after the game. Fans using Uber to come to Dodger Stadium can be dropped off at any of the five entry gates.Auto gates and stadium gates will open at 10 a.m. Pregame entertainment will begin 10 a.m., pregame ceremonies at 12:15 p.m., with Kenta Maeda throwing the first pitch at 1:10 p.m.Live music will be offered throughout the stadium from 10:30 a.m. to 12:30 p.m. The Angel City Dixie Band will play in the left field reserve level, a disc jockey KKRL-FM (92.3) will be in the right field reserve level, DJ AM in the right field plaza, a disc jockey from KIIS-FM (102.7) in the left field plaza and a disc jockey from KBIG-FM (104.3) on the top deck.The famed Budweiser Clydesdales will make stops around the inner parking circle beginning at 10:30 a.m., continuing throughout the pregame activities.Sam Harris, lead singer of the alternative rock band X Ambassadors will perform the national anthem.Representatives of the U.S. Army, Navy, Marine Corps and Air Force will present the colors. Members of the U.S. armed forces will unfurl a giant flag in center field, a display in the shape of the United States.The Los Angeles Police Department’s Air Support Division will conduct a formation flight.The ceremonial first pitch will honor Dodger broadcaster Vin Scully, who is in his unprecedented 67th and final season with the team. Pregame ceremonies will celebrate many of the great moments in Scully’s career.Retired U.S. Army and U.S. Coast Guard Sgt. Eddie Arambula of Torrance will be honored as the Military Hero of the Game. Arambula joined the U.S. Army in 2002 and in March 2004 was deployed to Iraq in support of Operation Iraqi Freedom II.Arambula later joined the U.S. Coast Guard as maritime enforcement specialist. In 2011, he deployed to Guantanamo Bay, Cuba, in support of Operation Enduring Freedom.center_img LOS ANGELES — The Los Angeles Dodgers will play their home opener at a sold-out Dodger Stadium today against the Arizona Diamondbacks with changes to the concession stand menus and stadium.New food items include:• The Gouda Kobe Burger, Kobe beef, topped with caramelized onions, pickle, smoked Gouda and special dressing, available at Elysian Park Grill• Dodger Dog topped with Pulled Pork available at the smokehouse stand at the Think Blue Barbecuelast_img read more