Advertisement Comment Manchester United and Everton in talks to sign Paris Saint-Germain midfielder Adrien Rabiot on free transfer Adrien Rabiot is in talks with Manchester United and Everton (Getty Images)Manchester United are in talks with Paris Saint-Germain midfielder Adrien Rabiot, according to reports in France.The 24-year-old is out of contract with PSG at the end of this month and will join a new club on a free transfer.Barcelona, Tottenham and Juventus have all held talks with Rabiot over a potential deal but the midfielder’s high wage demands and signing-on fee has reportedly been a major stumbling block.According to TF1, Rabiot is currently holding talks with both Manchester United and Everton, although no deal has been agreed.ADVERTISEMENT Rabiot will leave PSG on a free transfer this summer (Getty Images)The report also claims that Rabiot is open to moving to a club in the Premier League.AdvertisementAdvertisementEarlier this week, reports in France claimed that Arsenal manager Unai Emery was also interested in completing a deal for Rabiot.Rabiot thrived under Emery during their time together at PSG, but both Arsenal and United are at a disadvantage as they cannot offer the midfielder Champions League football next season.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityRabiot has not featured for PSG since December and will leave the club on a free transfer this summer after refusing to sign a new contract.In March, Rabiot’s mother and agent, Veronique Rabiot, accused PSG of holding her son ‘prisoner’ by refusing to let him train with the first team.“We are attacking the human side here. We are modest. I can only tell you that he feels very badly [about] everything that happens,’ she told L’Equipe.“Adrien is a prisoner! He is even held hostage by PSG. Soon it will be dry bread, water, and a dungeon! This environment is cruel.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Advertisement Metro Sport ReporterSunday 2 Jun 2019 8:38 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link22Shares
Mortgage stress continued to rise during August, according to new figures.The Mackay region was the second most at risk, with property damage from Cyclone Debbie likely to have had an impact.Across the nation, more than a quarter (860,000) of all households are estimated to be now in mortgage stress — up from 820,000 last month — with more than 20,000 of these in severe stress. Digital Finance Analytics defines mortgage stress as not having enough income to cover home loan repayments and living expenses. But the Real Estate Institute of Queensland has expressed surprise at some of the conclusions in the modelling.“The results don’t correlate with what we know of the market, which is that Toowoomba has solid fundamentals underpinning its economy,” REIQ spokesperson Felicity Moore said. The Reserve Bank of Australia is expected to leave the official cash rate on hold at its September board meeting. Photo: AAP/Dean Lewins.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 ago“For example, Toowoomba’s unemployment rate of 5.5 per cent is lower than the Queensland average of 6.7 per cent. “We also know that more people in Toowoomba have paid off their house than the Queensland average.” Ms Moore said 32.3 per cent of property owners in Toowoomba had paid off their mortgage in full, compared with just 28.5 per cent of Queenslanders.She said the latest Census data showed the median mortgage repayment in Toowoomba was $1517, which was lower than the state average of $1733 and the national average of $1755.“The Digital Finance Analytics modelling suggests that the average house price in Toowoomba is $490,000 but we know the median house price in Toowoomba in the first quarter of 2017 was $350,000,” she said.“Over the past year, we’re seeing the market flatten, with growth slowing. Also, DFA suggests that the average monthly income is $5300 but Census data reveals the median is $5499, so it’s unclear what assumptions they’ve used in their speculations.“The Toowoomba house and unit markets have grown 21.1 per cent and 25.7 per cent, respectively, over the past five years, which is a good indication of a housing and finance sector that is in good health.“One of the indicators of mortgage stress is how many households are paying more than 30 per cent of their household income in mortgage payments. According to the 2016 Census, just 5.1 per cent of Toowoomba’s home owners are paying more than 30 per cent of their household income to their mortgage. Ms Moore said that was lower than the Queensland average of 6.4 per cent and much lower than the national average, where 7.2 per cent of Australians were putting more than 30 per cent of their household income towards their mortgage.“Based on this official, reliable data, it seems unlikely that Toowoomba would be leading the country for communities in mortgage stress.”The RBA left interest rates on hold at 1.5 per cent at its September board meeting, as expected by all 33 economists and experts interviewed by comparison website finder.com.au.Eighty per cent are forecasting the next cash rate move to be up, with nearly two thirds not expecting a rise until the second half of 2018. Finder.com.au insights manager Graham Cooke said rate rises were expected to happen later than first thought.“There’s been no cash rate movement over the last 12 months, however we have seen the estimated date of the next rise push further into 2018, potentially giving some Aussie borrowers breathing space for longer,” he said.10 WORST POSTCODES FOR MORTGAGE STRESS IN QLD1. 4350 (includes Toowoomba region)2. 4740 (includes Mackay region) 3. 4670 (includes Bundaberg region)4. 4680 (includes Gladstone, Calliope region)5. 4870 (includes Cairns region)6. 4211 (includes Carrara, Nerang, Pacific Pines)7. 4655 (includes Hervey Bay region)8. 4701 (includes Rockhampton region)9. 4551 (includes Caloundra region)10. 4570 (includes Gympie region)Source: Digital Finance Analytics The number of households in mortgage stress increased in August, according to Digital Finance Analytics.MORE Queensland households are in mortgage stress than they were just a month ago, with rising power prices, higher council rates and childcare costs putting pressure on family finances. One in five households in the 4350 postcode, which takes in the Toowoomba region, are under mortgage stress — the highest number in the state and the fourth highest in Australia, according to Digital Finance Analytics, which crunched the numbers for The Courier-Mail.Even more alarming is that nearly 200 of those households are at risk of defaulting on their home loans in the next 12 months.The latest figures for August reveal nearly 146,500 homeowners across Queensland are now under stress — up from 144,000 only a month ago.“You can put that down to power prices, higher council rates and childcare costs going up predominantly,” Digital Finance Analytics principal Martin North said. “Many households have very little free cash so it doesn’t take much to tip them over.” Digital Finance Analytics principal Martin North.Nearly 8500 households across Queensland are at risk of default and that number would jump to more than 10,000 if interest rates were to rise by only half a per cent.But Mr North said fewer households were at risk of default than the previous month, as expectations of future mortgage rate rises were dialled back.He said mortgagees in the 4350 postcode would be severely affected if interest rates were to rise. Experts: No rate rise until late 2018 One bedroom unit sells for $1.48m Brisbane’s prestige market on fire According to surveys by Digital Finance Analytics, the average home price in the 4350 postcode has increased to $490,000 from $382,000 in 2010 and the average monthly household income is now $5300.About 30 per cent of households have a mortgage and the average monthly mortgage repayment is $1510. “Unemployment in this area is high and house prices have risen in recent years on top of the rising cost of living,” Mr North said.
Isaac Makwala will run the 200 meters time trial race alone at the World Athletics Championships in London, following intervention from Botswanan Athletics Federation.The Botswanan Athletics Federation requested Makwala compete in the 200 meters event, following his withdrawal from the 400 meters event.A statement from the IAAF reads: “Given that his quarantine period expired at 14:00 hrs today (9 Aug) and following a medical examination which has declared him fit to compete.”“We have agreed under our existing rules that assuming he makes the qualification time, he will run in the 200m semi-final round this evening.”“Makwala is required to run a time of 20.53 or faster to advance to the semi-finals. He will run at 18:40hrs this evening on his own in lane 7, which was his original lane draw in the opening round.”However, “No athletes already qualified for the semi-final will be adversely affected.” the statement concludes.Related