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Debbie did in housing construction with falls across multiple categories

first_imgA construction worker on the site of Soul, a new residential tower in Surfers Paradise on the Gold Coast. Picture: Patrick Hamilton/BloombergTHE value of residential building work done in Queensland has fallen 13.6 per cent with falls across every category, much of which could be blamed on Cyclone Debbie.Latest seasonally adjusted figures from the Australian Bureau of Statistics showed total residential work done in the March quarter was down $476m compared to the December quarter, going from just under $3.5 billion previously to $3.02b.There were quarterly falls across all residential categories including new houses, other residential and renovations.Wargent Advisory founder Pete Wargent said nationally residential building work dropped 4.7 per cent in the quarter – “the worst quarterly result for the sector since the introduction of the Goods and Sales Tax (GST) more than a decade and a half ago”.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoHe expected that some of the Queensland falls may have been weather-related.“Building activity slowed across new house building, apartments, and major renovations, suggesting that at least part of the reason for the decline was Cyclone Debbie towards the end of the quarter, while Sydney also had some shocking weather during the period,” he said in his latest market update. New houses still make up the bulk of residential completions in Queensland.The biggest fall was the “other residential” category which includes units, apartments and townhouses, where there was a $341m fall in the value of work done to $1.23b.New houses still made up the biggest chunk of the completions, valued at $1.46b in the March quarter. The new houses figure was a drop of $119m over the three months to the end of December.Alterations and additions work done came to $319m during the March quarter, a fall of $15m over the period.Follow Sophie Foster on Twitter @sophiefosterlast_img read more

GOtv Boxing Night 8: Skoro Wins N1m Best Boxer’s Prize Money

first_imgBoxing fans yesterday defied the heavy downpour in Lagos on Saturday as they trooped out in their numbers into the Indoor Sports Hall of the National Stadium for the Season 8 of the GOtv Boxing and they were not disappointed as the boxers put up impressive displays.It was however the fight between Waidi “Skoro” Usman and David Ekpeyong that was the most thrilling and it therefore came as no surprise that one of them was declared the best boxer of the night.Usman lived up to his promise to make up for the West African Boxing Union featherweight title he lost to Edward Kekembo of Uganda in December 2015, as he made an explosive ring return and was declared winner via unanimous decision. He also carted away the N1million cash prize for the best boxer of the night.The capacity crowd at the Indoor Sports Hall of the national Stadium, Lagos, cheered Skoro, whose fight with the equally impressive  Ekpeyong was the highlights of the night.In the main bout of the night, Abolaji  emerged the new national middleweight champion, defeating Sunny Iyere by unanimous decision.Earlier in the night, Rilwan “Baby Face” Babatunde made light work of Shakiru Lateef, while Stanley Eribo defeated Dele Adeleke via a fifth round knockout in the welterweight category.The super middleweight clash between Matthew Obinna and Samuel Igbokwe was declared a no-contest.In the National Lightweight Challenge, fans favourite, Olaide Fijabi took just 58 seconds to dismiss the opposition put up by Tombraye Christmas.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more