Mildura Weekly : Friday August 29 Vol 8 No 43
16 NEWS MILDURA WEEKLY FRIDAY, AUGUST 29, 2014 MULTI-CULTURISM in Sunraysia took another step forward this week when the Chilean national flag was added to the already impressive collection at the Mildura library. It brings to 66 the number of nations represented in the wider Mildura municipality, further add- ing to Mildura’s reputation as one of the most culturally diverse re- gions in Australia. Mildura Mayor Cr Glenn Milne said he and fellow councillors were expecting one Chilean national at this week’s flag presentation cer- emony, and were delighted when four turned up. The move to have Chile of- ficially recognised in the library’s ‘League of Nations’ was kicked off by Mildura’s Ian Felton, whose Chilean-born wife Ana has been a city resident for around six years. He took the idea to Peter Byrne, chair of the Sunraysia Mallee Ethnic Community Council, who organ- ised the flag and welcome ceremo- ny, in conjunction with Cr Milne, and fellow councillors Mark Eckel, Jill Joslyn and Judi Harris. Cr Milne said Mildura owed a lot to its migrant friends from many countries over the years, and there would be few people in the municipality who didn’t have a relative, friend, work-mate, school contact or work colleague who was not of ethnic background. “The people of many nations, as well as our Australian-born resi- dents, continue to play a big part in our prosperity,” he said. “We are very pleased to be able to officially recognise our Chilean friends as part of this community.” Warm welcome for Chilean flag • CHILE’S WARM RECEPTION: Long-time resident Ana Felton proudly holds her national flag, as fellow Chilean nationals Jorge Henry and his wife Mary Blanca Fuenzalida and their baby daughter Trini help celebrate the special occasion. Jorge, an engineer at Lindemans, has been in Sunraysia with his family for a year. MEMBERS of Mildura Legacy group are encouraging local resi- dents to take part in ‘Legacy Week,’ with activities to get underway this weekend. Considered one of Australia’s iconic fund-raising campaigns, Legacy Week has been in existence since 1942, and will run until next weekend. The annual national appeal aims to raise awareness and funds for the families of incapacitated and deceased war veterans, with activities and fund-raising activi- ties held in towns and cities across Australia. Funds raised help Legacy con- tinue to assist 100,000 widows and 1800 children and people with disabilities Australia-wide with essential services such as counsel- ling, special housing, medical, ad- vocacy and social support, while also helping to nurture children’s education by contributing toward school fees, books, uniforms and recreational activities to aid self- development and confidence. Marking the 81st year since Mildura Legacy’s formation in the region, current president Rob Vi- gar encouraged residents to keep an eye out for Legacy stalls situ- ated across the municipality. “We will have quite a num- ber of volunteers out and about throughout the week selling badges and other items, and we certainly encourage people to keep an eye out, and donate what they can to a fantastic cause,” he said. Mildura Legacy and Mildura Laurel Club members will split their time next week across a number of locations, including Coles, Woolworths, the Langtree Mall, and areas of Merbein and Red Cliffs. “We can’t thank volunteers enough for donating their time, and hopefully we can enjoy an- other successful Legacy Week, and raise some valuable funds,” Rob said. More information is available by visiting www.legacy.com.au. Raising valuable funds for Legacy CLOSE to 200 women from across the district (and from as far afield as Broken Hill, Renmark and Swan Hill), have descended on Red Cliffs as part of the annual Refresh Women’s Conference, with the aim to “encourage and inspire people from all backgrounds regarding Christian life.” Organised through a number of Sunraysia-based churches, the conference is being staged today and tomorrow at Diggerland in Red Cliffs. More information is available by contacting Christina Law- rence on 0412 469 330. Refresh Gathering at Red Cliffs MILDURA (03) 5021 1968 | BERRI (08) 8582 2211 | ROBINVALE (03) 5026 3003 | www.chan-naylor.com.au The RBA’s recent research discussion paper “Is housing overvalued” sets a dangerous precedent for many Australians who remain undecided about home ownership. The RBA argues that if property prices continue on a 2.4 per cent long-term trajectory, the cost of buying a house would be the same as renting, and if housing growth slows to less than 2% then home buyers would be fi nancially better off paying Rent instead of a mortgage and other costs related to home ownership. “On paper these fi gures may seem to make stark economic sense, but the property market, like any other, is cyclical and therefore undergoes peaks and troughs,” said Ken Raiss, Managing Director of Chan & Naylor – Australia’s Fastest Growing Accounting Firm (BRW Magazine: 2007, 2008, 2013). The other significant factor is that not all properties are created equal. “If you agree with the notion that property prices will fail to rise by 2.4% over the long term then fair enough, enjoy being a tenant for the rest of your life. However unlikely scenarios aside there are a number of other very practical and important reasons why all Australians should be encouraged to get on the property ladder if they are able to do so,” continued Mr. Raiss. 1. It is forced savings .... ‘I might retire broke, but at least I have my house.’ 2. It can cover your retirement costs ... Having an asset like a house will actually help pay for your long term stay in a retirement or care facility, something that potentially awaits many of us at some point. 3. Not owning means that you are subject to rental market forces ... as dictated by your landlord who can throw you out as soon as you fail to meet your rental obligations. 4. Home ownership gives you financial certainty – If you have purchased the right property, it will increase in value above the average, but the amount you have borrowed will remain relatively fi xed. 5. Home ownership gives you personal certainty - Buy what you can afford now rather than what you necessarily want and you will be in front as you enter the second half of your life rather than waiting for a late win. 6. You can leave your grandkids something – Most people aim to leave their legacy to the next generation and a home is a fantastic asset to pass on. 7. Bricks and mortar are less volatile than the share market – If the value of the housing market looks like it is on a downward cycle for now, it is nothing compared to the wild swings of the stock market over the last decade. Where would you rather put your hard earned money? 8. There is only a finite amount of rental property to choose from - At end of day everyone needs somewhere to live, and as only 30% of the Australian housing market is owned by investors, limited choice means taking matters into your own hands. According to Mr. Raiss the basic fundamentals of property ownership are buy early, buy right and hold on to your faith in your investment and fi nancial destiny. For more information visit www.chan-naylor.com.au or Call 1300 250 122 today! CHEAPER TO RENT VS BUY?... RENT AT YOUR PERIL ...caring for you, your family & business from generation to generation 8 Reasons why home ownership is something all Australians should aspire to No matter how complex your personal fi nances or business affairs, or how ambitious your wealth aspirations are, Chan & Naylor can partner with you towards building robust wealth for life solutions. Go beyond a simple tax return. Get an FSC, today!
Friday August 22 Vol 8 No 42
Friday September 5 Vol 8 No 44