Tuesday, 25th April 2017
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Friday, 24th February 2017

Waterford TD, Mary Butler has said that without a robust national strategy for increasing the supply of rental accommodation, average rents will continue to rocket.

Deputy Butler made the comments following the publication of the latest Daft report which shows that the average rents across both the city and county of Waterford increased by 10.7% in 2016.

“Average rent in the city now sits at €745 while in the county it’s now at €706. Last year’s increases are not sustainable in the long term.

“The clear evidence in this report is that Minister Coveney needs to revisit the rent cap regulations and include Waterford City and parts of the county.

“However, without a strategy to increase the overall supply of private rental accommodation, there will be a continual imbalance between demand and supply causing inflationary pressure on rental prices.

“Rents are so high around the

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Friday, 24th February 2017

Sinn Fein MEP Liadh Ní Riada has called on the government to introduce real rent certainty in Waterford as a matter of urgency.

The Ireland South MEP made the call as a new report from Daft.ie showed rent inflation for the end of 2016 to be at its highest level in at least 15 years.

"The figures released in the Daft.ie rent inflation study expose just how woefully inadequate Fine Gael and Fianna Fail's rent certainty cop out legislation was," she said.

"We now have a situation, right across the country, where people lucky enough to find themselves in employment will be working full time just to pay the rent. When you add this to the ever increasing cost of living, with everything from education to car insurance becoming increasingly unaffordable, it paints a pretty bleak picture for low and middle income families.

"This

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Wednesday, 15th February 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

So it begins......AGAIN!!!!

If you are in favour of the expansion of Waterford City and the greater South East region (which I am), then you will be positively disposed to support the “Report of the Waterford Boundary Review Committee”. A rather meaty 70 page document, which was released last week and immediately, started World War III. With ALL manner of, hitherto silent TDs, from “Across the border”, suddenly getting their tuppence worth on the local airwaves. In fact I would not be surprised if some had contacted The Donald and asked him to fund building another wall!

It will be our shootout at the Ferrybank Corral, with party TD against party TD. The opening salvos have already been fired in the run up to the report’s release. Locally, we have FF and FG Councillors, upsetting their elected TDs,

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Wednesday, 15th February 2017

John Smiles

Qualified Financial Advisor

The Social Welfare and Pensions Act of 2011 changed the age at which citizens could qualify to receive the State Pension. Up to then, a person at work was entitled to receive a Transition Pension payment when they reached their 65th birthday and the State pension commenced at age 66. This Act removed the Transition payment entirely thereby increasing the retirement age to 66.

For those born in 1955 or later the Pension will commence when they reach 67; for those born in 1961 and later the pension age will be 68.

The State pension is worth about ?12,000 per year and for many people it will be the main or sole benefit they will receive in old age. At the stroke of a pen, hundreds of thousands of citizens were deprived of a future income of up to

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Wednesday, 15th February 2017

Thirty-three of Waterford’s top businesses have been shortlisted for the third annual Waterford Business Awards, organised by Waterford Chamber and media partners WLRfm.

The gala awards ceremony will take place on Friday, March 3rd in Faithlegg House Hotel & Golf Resort, where the selected businesses will be celebrated for their extraordinary contribution to the economic life of Waterford.

Speaking about the awards, Waterford Chamber President Laurent Borla said, “This is the third year of the Waterford Business Awards and the calibre of entrants continues to grow each year. We are delighted to be able to recognise the outstanding work that is going on in Waterford City and County and to laud and encourage our business providers as they continue to make Waterford a great place to live, work and do business.

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Wednesday, 8th February 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

Never fear, the Six Nations are here!

Slightly off topic this week. My other passion in life, apart from being a MAMIL, started on Saturday last - the RBS Six Nations. The annual rugby festival of our four Home Nations, France and Italy, all slugging it out to win the Grand Slam,

Championship or Triple Crown. So much at stake, great

sporting rivalries and a sense of camaraderie that defines this sport, on and off the field of play.

After a wet, cold, rainy and sleety cycle on Saturday morning I returned home, eventually warmed up, showered, a quick bite to eat and I switched on the old BBC to watch the pre-match build up. A match that would define both Scotland’s and Ireland’s Six Nations’ campaign. A loss for either side would mean an end to Grand Slam and

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Wednesday, 8th February 2017

John Smiles

Qualified Financial Advisor

Why are savers taking risks in retirement?

Twenty years ago, 10-year government bond yield was 8%, 10 years ago it was 5.2% and now it sits at 1.35%. The sharp drop in income from government bonds has had a significant impact on investors, particularly those in retirement.

The rate at which your pension pot is converted into an annual income is based in part on the 10-year government bond yield – not bad when it sits at 5.2%, even better when it peaked at 12% in 1990. But not when it falls to below 2% as the Eurozone endures a prolonged period of record low interest rates forcing pension savers to lock in extremely low levels of income for life. Most pension savers must now actively consider the purchase of an Approved Retirement Fund [ARF] instead of the traditional

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Wednesday, 8th February 2017

FOR SALE BY PRIVATE TREATY: Curluddy, Carrigeen, Co. Kilkenny

AMV €150,000

Brought to the market by O’Shea O’Toole Auctioneers, this charming cottage with character stands on an elevated site with beautiful overland views towards Tory Hill an of the surrounding landscape. Built in 1790 the cottage has been sympathetically and beautifully renovated.

Exposed ceiling beams, white painted lime plaster walls and a beautiful inglenook fireplace are some of the cottage's nice features.

The cottage is conveniently located on a quiet country road 7 km north of Waterford city, 1.5 km from Carrigeen village and 2.5 km from the M9 Motorway.

Waterford city Ireland's oldest city and the commercial and administration centre of the south east has an attractive and vibrant retail environment for shoppers with a wide range of tourism, cultural, services and leisure activities.

For further information contact O'Shea O'Toole, Tel (0)51 876757 or visit

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Wednesday, 8th February 2017

Almost 20% of overseas enquiries about Irish property are now coming from the United States, from a negligible base two years ago, according to a Real Estate Alliance nationwide survey.

“Property buyers from the US are increasingly securing homes and investment properties in Ireland, buoyed by a strong dollar and the lure of a resurgent economy for emigrants,” said Des O’Shea of REA O’Shea O’Toole, Waterford City.

“Real Estate Alliance are offering Irish property vendors the chance to take advantage of this mini-boom by registering for our upcoming Irish Property Exhibition in Boston.

“The average house price in the US in November 2016 was $365,200 (?341,739), compared to our Average House Price survey national value of $216,856 (?202,926), so there is obvious value for American buyers in Ireland.

“Our agents around the country report that enquiries from the UK have dipped by a third

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Wednesday, 1st February 2017

John Smiles

Why did commodities do so well in 2016?

John Smiles

Qualified Financial Advisor

Why are there different tax rates on savings?

There are different type of taxes depending upon the type of savings vehicle used. Deposit Interest Rate Tax or DIRT is imposed on the interest paid on deposit accounts. Exit Tax is levied on profits made on pooled funds such as investment bonds and UCITS.

Up until 2016 the rate of both taxes tended to be the same. In 2008, the government raised the rate from 20% to 41%, the equivalent to the highest rate of income tax. At that time, longer term deposit accounts were paying close to 5% pa as troubled banks sought to attract deposits in order to shore up their broken balance sheets. The increased tax was an irritant because savers were still receiving a net rate of 2.95%

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Letters to the Editor

  • OUR VIEW

    Waterford Institute of TechnologyWaterford Institute of Technology is once again making national headlines for all the wrong reasons. At the recent Public Accounts Committee meeting representatives of WIT were questioned and in turn left more questionsunanswered. The Chairman of the P.A.C. Sean Fleming, T.D.,Fianna Fail, called the failure to have up to date accounts for W.I.T. as “disgraceful”.Faced with a deficit of €15m. the financial problems facing the Institute are very …

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