As half of a Hollywood power couple in The Real Housewives Of Beverly Hills, Paul ‘PK’ Kemsley is a celebrity in the US along with his American wife Dorit.
The London-born businessman is one of the spouses on the reality show dealing with the fallout when their glamorous women trade insults as cutting as their manicured talons.
Now PK is relaunching his career on this side of the Atlantic after his ignominious exit 15 years ago. PK lost his £500 million UK property empire in the 2008 financial crash and was declared bankrupt before reinventing himself in America.
In his jet-setting days he was vice chairman of Tottenham Hotspur and, as a friend of Alan Sugar, one of the tough interviewers on The Apprentice. But then the bubble burst. ‘When I left in 2009 I didn’t think the UK would give me another chance,’ says PK, 56.
‘I got very firmly knocked off my pedestal and had to rebuild,’ he says. ‘It makes you humble. I knew America was the land of comebacks and I took my second chance.’
In the US, PK became an entrepreneur and investor as well as Boy George’s manager and, as of last month, Lulu’s too.
‘I’ve had this burning ambition to come back to do real estate again in the UK,’ he says. ‘I thought, “What if I took everything I’d learned in America and found a new way back into the business?”
‘I’ve bought and sold over 1,000 buildings. I’ve had huge ups and downs in the industry so I’ve got a lot to teach the kids.’
His new Channel 4 show, Selling Super Houses, is a mash-up of The Apprentice and glitzy US property series Selling Sunset and sees him as an Alan Sugar type looking to polish a rough diamond to hire as a high-end estate agent at London agency RIB, in which he’s bought a 50 per cent share.
He sets weekly tasks for the eight contestants (who include a fashion designer, a photographer and a single mum), such as holding an open house for potential buyers and furnishing a property to appeal to buyers. He critiques the contestants’ performances and eliminates one each week.
But if you’re expecting Apprentice-style boardroom fireworks you’ll be disappointed, as PK seems like more of an indulgent uncle than a finger-jabbing tyrant.
‘That behaviour’s disgusting,’ he says. ‘A lot of these kids have social and mental health issues. I’m a father and I talk to these people the way I’d expect someone to talk to my kids. The idea is to build them up, not rip them down.’
PK didn’t ask Lord Sugar for advice about his new TV venture, saying the pair are no longer close. ‘But I’m very close with Alan’s son Daniel. Alan and I are in competition. Why would I go to him?’
PK ropes in Dorit and Boy George for one amusing task. The candidates have to give a house tour for a demanding owner with bizarre provisos such as insisting the estate agents wipe down every surface they touch and remain silent in the yoga room.
But it’s all made up – it’s Boy George’s mansion and he and Dorit are watching it all on hidden cameras.
‘George is very supportive of what I do,’ says PK. ‘He’s part of our family and I wanted to get that chemistry between him and Dorit on screen in a task that was about learning to respect owners’ ridiculous wishes.’
Twice-married PK, whose children are aged between seven and 28, says losing everything taught him some valuable life lessons.
‘It’s fair to say I’m worth a fraction of what I was, but I don’t need a big number in the bank. It’s not what gets me out of bed any more.
‘If I can help someone achieve what they want to achieve, it’s far more gratifying than selling a building and making a million.’
- Selling Super Houses, Tuesday, 9pm, Channel 4.
Media Personality Willis Raburu has broken his silence over what he has been engaged in since he quit his news anchoring job at Citizen TV towards the end of June.
Raburu, who landed a new job at TV47 three days ago said he had a lot of free time initially but became busy over time as people sought him for consultancy.
“During the break, I took time to do my Master’s in Strategic corporate communication. I want to finish the coursework this year then I will work on the project later on. By next year September I will have graduated,” Raburu said.
“Other than working to complete my masters, I have also been offering consultancy on communications strategy for several organisations, including Nairobi County,” he added.
He spoke during an interview with TV47 on Friday adding that he will enroll in a doctorate program once he’s done with the master’s.
“By the time we get to the next general election, I will be called a doctor. You must address me as a doctor,” he said.
Additionally, Raburu noted that he has been spending time with his family.
“My fiancé and my two kids were just having a ball bonding, getting to know them. That happened for a while and then it quickly got busy somehow,” Raburu said.
He said it was as if people realised he had a lot of free time after he left Citizen and they started seeking him for different reasons.
“I just started getting a lot of offers and work in terms of the consultancy side. But mostly I was taking deliberate time off to be with my family and spend some time with them,” he said.
Raburu noted that his time with his family has really helped him grow closer with his son and daughter.
Additionally, Raburu said his son is his biggest fan and that he even calls him Bazuu.
He said his family always keeps him grounded.
On Tuesday, Raburu announced on his social media that he will be joining TV47 and bringing along his Wabebe experience show.
“Welcome to the new journey… The wait is over! Announcing my partnership with TV 47 Kenya! WABEBE! #WabebeXP,” Raburu said.
A TikTok star who has racked up millions of views has revealed that has been living in his car.
Isaac Richman, from North London, has become a hit on TikTok and has more than 100,000 followers on the platform.
He is known for pranking people travelling on the London Underground by making directed announcements at people so they think they are in trouble.
The TikToker also has a job in construction and earns around £56,000 a year.
But Isaac claims he has been living in his car because landlords and estate agents fear he won’t be able to keep up with his rent payments because he is self-employed.
Landlords will usually ask for proof of earnings if a prospective tenant is self-employed and will often ask for one to three years’ worth of accounts, as well as HMRC self-assessment forms.
It’s unclear if Isaac was asked for these details or if he was able to provide them.
He spoke candidly on his TikTok and said: ‘I’m dreaming right? I must be dreaming. I’ve got 70,000 followers on TikTok, I’ve got 10,000 followers on YouTube, I’ve got 10,000 on Instagram.
‘Had 200 million views in three months but I live in a car. In this car. I’m dreaming right?
‘Can someone wake me up because I live in his car and I have all these followers and all these views. How does that work out?’
Speaking with MyLondon, Isaac explained that he put down a £2,000 holding deposit and the estate agent said they would sign the contract.
But the property was given away to someone else.
He added: ‘I’ve been going to estate agents and they look at me, and they think, young black man, probably ain’t got the money to pay for this.
‘They don’t know that I make more money than half of these estate agents.
‘When you go to view a property, there’s about ten other people in a queue before you.’
Isaac has since got himself a studio flat with the assistance of Enfield council.
Since he has been of no fixed address for a while, he has only just been able to register with GP practice.
But the online sensation slammed London’s mayor, Sadiq Khan, for the housing crisis and told The Sun: ‘There are a lot of things wrong with London. I understand the problems Londoners face and Sadiq Khan doesn’t, I think.’
The outlet also reports that Isaac plans to run for mayor so he can improve the lives of Londoners.
Over the past couple of months, Isaac has been saving for a deposit and getting his accounts in order so he can apply for a mortgage.
Fans commented on his heartfelt TikTok video, and sent their thoughts but also discussed how bad the housing crisis is.
One wrote: ‘Nobody realises how bad this housing crisis is and there is no sign of it getting better!! I feel your struggles and wish you the best…’
Another said: ‘To make people even smile on the tube is a talent mate… hope u ok.’
A third penned: ‘I hope you’re okay. It’s like when you have everything everyone is there but when you have nothing no one’s there.’
A fourth commented: ‘That is genuinely awful. What is wrong with our society?’
By Kate Dennett and Connie Rusk For Mailonline
16:56 14 Apr 2023, updated 19:31 14 Apr 2023
Amanda Holden has given a glimpse into her newly-renovated sprawling kitchen after putting her £5million Surrey ‘dream home’ on the market a year ago.
The Britain’s Got Talent presenter, 52, initially snapped up the lavish property in 2015 for £3.5million and hopes to see a £1.5million profit after revamping it in her style.
As she tries to sell the house, Amanda has given a glimpse inside her modern kitchen, complete with a white marble breakfast bar, floor-to-ceiling grey cupboards, and a dining area.
In one stunning snap, Amanda was seen showing off her incredible figure as she posed in a navy two-piece while cooking in the kitchen, which she renovated during lockdown.
She tucked her golden locks beneath a wide-brimmed straw hat and bolstered her striking features with a glamorous make-up palette.
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Amanda was seen enjoying a spot of baking as she stirred her ingredients in a bowl tucked under her arm, while profiteroles were seen on her breakfast bar.
She stood in front of a sleek mirrored wall and showed off her modern cabinets, which featured stylish gold handles.
The TV presenter also gave a glimpse inside her fully stocked fridge and once again showed off her baking talents as she held a lemon meringue pie in her hands.
She looked effortlessly stylish in navy denim jeans and a teal cardigan while putting her fridge on full display, which was bursting at the seams with delicious ingredients.
The built-in fridge was stocked-up with eggs, oranges, vegetables, milk, bottles of wine and delicious spreads as she gave an insight into her cooking routine.
Amanda also shared snaps of her modern ovens, which are also built into her stylish grey cabinets, as she popped in some food to cook.
Her gorgeous kitchen boasts a sleek white breakfast bar which seats at least four people on modern golden stools complete with white cushions.
The dining area features a grey round table which looks out on to her sprawling garden, with huge double doors soaking the room in natural daylight.
Amanda added further light to the room with an array of gold light features, which perfectly coordinate with the metallic splashes of colour around the kitchen.
Her three disco ball-style lights hanging over the breakfast bar are worth £850 each and were new additions when Amanda renovated her kitchen with the company Wilson Fink in lockdown.
The Heart Radio host also takes her love of food out into her garden, which features a teal garden table while she also has a drinks cart next to a daybed.
It is not the first time Amanda has shown off her stunning home renovations as she has proudly given her fans a look inside her ‘dream home’.
However, Amanda is currently struggling to sell the lavish property as it has sat on the market for a year since it was first listed while she still searches for a buyer.
She put the property on the market in May 2022 for £5million, with a source saying at the time that she was ‘really proud’ of her home makeover.
Not only does it boast a hot tub, outhouse and 30ft by 27ft living room, it also has several unique touches from a palm tree planted in honour of Sir Captain Tom Moore and a £30,000 drawing by the Connor Brothers.
The property features a modern garden with a decking area, sprawling lawn, boxwoods and ornamental grasses adding to the luxury feel.
Inside, meanwhile, Amanda hasn’t shied away from colour and bold designs.
In one of the three bathrooms, the walls are covered with antique framed photographs, while the huge living room is steel blue with a geometric print rug and gold accents and plenty of pineapple props.
The mansion, which includes five bedrooms, three bathrooms and a study, is located behind two sets of private gates which lead onto a private road towards the house.
She lives there with her husband Chris and two daughters Lexi, 17, and Hollie, 11, and frequently shows off the property on social media.
After buying the home, Amanda admitted to ‘badgering’ its former owner to sell it to them for years until they finally relented.
She described the property as her ‘forever home’ but put it on sale seven years after first purchasing it last May.
When she put first her house on the market, a source said: ‘Amanda loves her family home and is really proud of the work she’s done on it.
‘She’s had a real hand in the makeover and has enjoyed seeing her ideas come to life.
‘It will be a sad day when she moves out but Amanda can take comfort in the number of memories she’s created there.’
The couple also own a holiday home in the Cotswolds, which they have been renovating over the past year.
The driveway is big enough to hold several cars, which is convenient when Amanda hosts her showbiz parties.
Speaking about her home to House Beautiful, Amanda revealed it was important their Surrey property didn’t feel like ‘a show home’.
She said: ‘We have two little girls and don’t want them feeling that they’re treading on eggshells.’
Amanda admitted herself and husband Chris have so many clothes, they turned a room into a walk-in wardrobe – inspired by her favourite TV show.
She said: ‘I’m a huge Sex And The City fan and Chris did a Mr Big and turned a whole room into my wardrobe.
‘Except, he didn’t leave a pair of Manolos at the end… but he arranged everything else. It’s something I’ve always dreamt of.
‘There’s a remote-controlled mirror that goes up and down and lights up – it’s amazing.’
And the TV favourite also conceded she’s a clean freak, meaning every service on the ground floor can be wiped fresh.
Speaking to The Mirror, she explained: ‘I am house proud, but I’ve got two kids, two dogs and a cat, so it’s a family house. Everything is washable and wipeable.
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‘It’s so open plan my littlest can cycle her bike around. ‘I don’t have carpets on the ground floor – and this is disgusting – but I was doing an interview a while ago and my puppy pooed on the floor during the chat.
‘But you don’t worry if you have wooden floors. Two words: wipe clean.’
Amanda, who designed a homeware range for shopping network QVC, is so into interior design she believes it could eventually become a day job – if she ever loses her looks.
She added: ‘I want this to be a legacy. When my face falls off and all the telly work dries up, this is actually where I want to be.’
By Savanna Young For Daily Mail Australia
01:46 20 Mar 2023, updated 03:17 20 Mar 2023
An influencer and reality star has been forced to vacate her apartment in Sydney‘s east after her landlord increased her rent amid the city’s rental crisis.
Bella Varelis, who was a finalist on Locky Gilbert‘s season of The Bachelor in 2020, says she has no choice but to move out of her Vaucluse unit because of the prohibitively expensive rent and allegedly poor standard of property management.
The 28-year-old slammed her landlord for increasing her rent ‘by $400’ per week and claimed they never fixed faults with the home.
‘Not moving out because I want to, but my owner never fixed anything in this place and then tried to put the rent up by $400 a week so it was a hard no for me,’ she said on Instagram on Sunday.
‘The only good thing about this place was the view.’
Ms Varelis went on to list the issues she’d been having with the apartment.
‘The dishwasher was broken, [the] fly screens were broken, [the] top lock on the door was broken, [the] oven had no symbols on the dials for temperature, [and] the balcony door never closed properly,’ she said.
‘[It] was actually horrible but it served a purpose in my life for the last year.’
The top-floor two-bedroom apartment is currently available to rent for $1,150 per week with a $4,600 bond.
According to its listing, the property boasts ‘wonderful ocean views’ and a ‘kitchen with modern appliances, including a dishwasher’.
There is no mention of the dishwasher being broken.
Ms Varelis’ rental issues come six months after she split from her photographer ex-boyfriend Will Stokoe in September last year.
Rumours circulated last December they had rekindled their romance after they were spotted out for dinner together in Sydney.
But if they did get back together, the reunion was short-lived because Ms Varelis later said on Instagram she was single and not looking to settle down anytime soon.
At the time of announcing the pair’s split, the model said she was going through a ‘tough time’ adjusting to life without Mr Stokoe.
‘Personally, I’m not coping well, so if you could please respect our privacy and give us some space during this time it would be much appreciated,’ she said.
Ms Varelis said she initially wanted to keep their split private, but had no choice but to address it publicly due to her celebrity status and the ‘constant questions’ from fans.
‘I feel like it’s best to answer this once so the prying will stop because it’s really affecting me by being asked about this daily,’ she said.
‘Will and I decided to take some time apart and go our separate ways to focus on ourselves.
‘We have so much love and respect for each other but this is just what’s best for both of us now.’
Ms Varelis shot to fame on The Bachelor in 2020, placing runner-up on Locky Gilbert’s season.
Gilbert chose nurse Irena Srbinovska as his winning contestant, and the couple tied the knot in Melbourne earlier this month.
Call for Australia to freeze rents for two years in light of the country’s cost of living crisis – as one landlord rents out his BALCONY for $300 per week
The Greens recently proposed a nationwide rent freeze for the next two years to curb the cost of living crisis – rejecting criticism from some experts that the plan could cause trigger a mass landlord sell-off.
The suggested plan comes amid a national cost of living crisis with rents rising seven times quicker than wages – according to a recent analysis – with shocking examples coming to light of landlords even renting out their balconies as rooms in the major cities for $300 a week.
Max Chandler-Mather, a Greens MP for Griffith in Brisbane’s south, argues that the controversial policy would provide renters with some stability and relief amid soaring prices across the board.
The minor party are also calling on the government to end no-grounds evictions as part of its suite of proposals – all of which have been blanked by the Labor government.
Labor is instead arguing in favour of its Housing Australia Future Fund, injecting $10billion into building 30,000 more homes in the span of five years – which Mr Chandler-Mather argued would provide little to no relief for tenants.
Speaking to Daily Mail Australia about the housing crisis and the government’s response, Mr Chandler-Mather said: ‘An emergency two-year freeze on rent increases will give everyday renters’ incomes a chance to catch up.’
Earlier this month, Mr Chandler-Mather asked a question to Dr Chalmers, referring to recent analysis which determined renters would pay an extra $10billion to landlords this year in rental hikes.
He said: ‘Will the government finally agree to do the same for rents and put a freeze on rent increases on the National Cabinet agenda as well as doubling rent assistance in the budget to help stop this mounting crisis?’
Dr Chalmers skirted around the question, instead pointing to Labor’s housing fund.
‘I don’t think it’s any secret to anyone in this place that we don’t have enough rental properties in this country,’ Dr Chalmers said.
‘Vacancy rates are incredibly low. Rents are far too high.
‘We recognise that Australians are under the pump. We recognise that Australian renters are particularly doing it tough in the context of low vacancy rates and unacceptably high rents.
‘The best way to deal with that is to build more properties, and that’s what we intend to do.’
Mr Chandler-Mather later described the answer as a non-response.
‘The Treasurer didn’t answer my question on the rental crisis because Labor doesn’t have a single policy to help the millions of renters facing another $10 billion worth of rent increases this year alone,’ he told Daily Mail Australia.
‘Labor’s Housing Australia Future Fund does nothing for renters, locks in half a billion dollars in cuts to housing funding, and will see the shortage of social and affordable housing grow to over 680,000 homes in five years.
And on his Facebook page, Mr Chandler-Mather doubled down on that criticism, stating: ‘It’s time for Labor to stop making decisions that will make the housing crisis worse.’
But there are vocal critics of such measures, who suggest rent freezes actually put tenants at increased risk of long term homelessness.
Propertyology head of research Simon Pressley spoke about the shortfalls of the proposal when it was first raised, explaining that landlords are unlikely to accept any cap on their earning potential.
‘Lots of them are already fed up from being consistently squeezed,’ he told Your Investment Property.
‘Many landlords will sell and tens of thousands of tenants will be displaced and will have nowhere else to go. When that happens, the blood will be on the hands of politicians who refused to support rental supply policies.’
And while the idea is seductive – particularly for tenants – there are concerns that if landlords all suddenly decide against renting them out, it could spell disaster.
Mr Chandler-Mather told Daily Mail Australia even that would be a win-win scenario, and something his party has considered.
The Greens’ proposal would include taxing vacant properties and phasing out negative gearing and capital gains tax concessions in addition to the rent freeze.
As a result, Mr Chandler-Mather said, ‘even where an investor tried to leave their property vacant it would be taxed, pushing them to either sell to a renter or rent out their property.
‘At the end of the day many people who want to buy their first home are being locked out by sky-high house prices and wealthy investors hoarding properties.
‘If investors don’t want to see reasonable caps on rents, they can sell their investment properties and allow a renter to buy their first home.’
Dr Chris Martin, Senior Research Fellow from the UNSW City Futures Research Centre, also addressed the proposal last year.
In an article written for the university, Dr Martin argued housing is often utilised as a means to grow wealth, rather than necessity.
‘There should be regulation of rents in principle because everyone needs housing, and the consequences of not having it are dire,’ he said.
Mr Chandler-Mather surveyed 500 renters in his electorate of Griffith and found that 75 per cent supported freezing further increases.
He said: ‘More broadly we have been overwhelmed with messages from renters across the country encouraging us to keep pushing the government to act.’
As part of the plan, following the two-year freeze, landlords would only be permitted to implement a two per cent increase every second year.
The current rental crisis was put on full display last month when a Sydney landlord advertised his balcony as a room available to rent for $300.
The tiny room, which is barely big enough to hold a single bed, generated ‘a lot of interest’ according to the landlord, who specified the tenant must be ‘one boy’ and must list their nationality.
- EXCLUSIVE: Former Towie star Ferne McCann has put her luxury four-bed home in rural Essex up for rent
- The reality TV star, 32, broke down during interview about her infamous voice note ‘about acid attack victim’
Pregnant Ferne McCann wants to quit her home following her voice-note scandal – and has put it up for rent for £5,000-a-month.
The former Towie star, 32, has put her luxury Essex four-bed up for rent with estate agents Barringtons for £1,142 a week.
And publicity pictures of the available property leave little doubt of who lives there – as Ferne’s daughter Sunday’s name can be seen clearly on a toybox.
With another baby on the way it is possible that the model needs more space for her ever-expanding family.
Pictures of the house on the estate agent listing show off the life of luxury Ferne enjoys there.
There is lots of character in the property, including a rather unusual bed in one of the rooms.
The garden is one of the stand-out features and boasts an expertly manicured lawn as well as tidy patio.
There is also another outdoor space area for residents and guests to chill out in and enjoy a drink or bite to eat.
If you are more active, you no longer even need to step out of the door to get the rush from exercise.
The property boasts its very own gym, complete with a treadmill and a weightlifting bench.
One of the four bedrooms is decorated in subtle shades but has a fabulous view out into the countryside.
And even the loft has been utilised as an office space with a computer set up and a table to discuss business.
On Wednesday Fearne broke down in tears on This Morning as she discussed her leaked voice notes scandal.
The pregnant reality star, 32, described it as her ‘lowest moment’ and admitted she has been in therapy since the incident.
In November 2022, an anonymous Instagram account, called Lady Whistledown after the Bridgerton secret gossip sharer, posted a series of voice messages from a woman they claimed was Ferne.
One heard a woman’s voice label one of acid attacker Arthur Collins ‘ victims a ‘silly b****’ while another saw Ferne accused of body-shaming Sam Faiers.
Ferne, who is expecting her first child with fiancée Lorri Haines, 31, said that she was a ‘different person now’ and that the infamous recordings happened six years ago when she was in a ‘vulnerable situation’.
The former TOWIE star, who is already mum to daughter Sunday, five, was shown a clip from her ITVbe show First Time Mum, which documented the breaking scandal and aftermath.
Struggling to watch, Ferne said: ‘I wear my heart on my sleeves and I like to be transparent with my viewers’.
‘I have to let the cameras and it really is warts and all. I can’t just not include the difficult times.’
She went on to describe the incident as not her ‘finest hour’ and revealed she had attempted to contact those hurt by the incident.
‘It wasn’t my finest hour, it was a difficult time of my life.’
‘I need to take this opportunity again to apologise publicly again, and I have reached out to those people, but it is a criminal investigation so I can’t say too much’.
She continued: ‘The voice notes were from a time when I was in a very vulnerable situation about six years ago, I have been in therapy for six years since, I am a different person’.
In a bid to find some positive in the sad situation Ferne said: ‘I know my story will be able to help a lot of women and until then unfortunately I can’t say too much.’
Ferne previously revealed that her new series will ‘address’ the voice notes leak, but cannot reveal the ‘full truth’ due to legal reasons.
Speaking on This Morning she again referred to the ongoing investigation: ‘I understand that it is really confusing, and I have this burning desire to share everything that happened to me and why I said these things but I can’t, there will be a time when I can so I hope that people can be patient with me until then.’
Going on to praise her reality show as a distraction and focus during the uproar: ‘Of course, I was hurting it was some of my lowest moments, first time mum has been a lifeline for me.’
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It comes after filming on the series resumed following claims she made derogatory comments about ex-partner Arthur Collins’s acid attack victims.
It was claimed ITV bosses are backing Ferne amid her leaked voice note scandal.
A source told The Sun in November: ‘Ferne is resuming filming for First Time Mum and is heading to India.
‘She is booked to fly out of the country today and is taking a film crew with her.
‘Initially plans for filming were paused as the voice note scandal unfolded. However Ferne has the backing of her ITV bosses and filming will start in the coming days.’
Ferne previously faced calls for her show to be axed after an anonymous Instagram account leaked voice notes allegedly sent by Ferne , in which a woman’s voice labels one of acid attacker Arthur Collins’ victims a ‘silly b****’.
It has been claimed they were referring to Sophie Hall, who reached the final of a Miss England final 15 months after the sickening attack, baring her scars.
Collins is currently serving 20 years in prison after he threw acid in an East London nightclub in April 2017 and injured 14 people.
Ferne admitted she was the voice in shocking audio files, but claimed she recorded them because she feared ‘serious harm and in the face of significant threats’.
Sophie has since demanded Ferne says sorry to her on camera while alleging she wasn’t able to read the statement since Ferne blocked her on Instagram.
She told The Sun: ‘To me her words feel so insincere. Ferne is simply trying to salvage her career. I don’t think she is sorry at all.
Ferne wrote in her online statement: ‘I am aware that people will have a number of questions about the voice messages being put into the public domain and purportedly sent by me.
‘I feel I have no choice but to address these (to the extent that I can as there are restrictions on me which I explain below).
‘Most importantly I want to apologise to all the victims of Arthur Collins abhorrent actions in 2017 that they have to relive that night and the pain that followed because this matter is again in the public domain.
‘In particular I want to apologise to Sophie Hall. I do not believe her to be ugly or stupid. She has been brave beyond belief.
‘Arthur Collins’ crimes created genuine victims so I am not trying to portray myself as one. I am unable to say much because there are important and significant legal proceedings that prevent me from setting the record straight at this stage.
‘What I can say is that the voice messages that are being released are manipulated; edited and taken entirely out of context.
Even so, I will have said things that are untrue and I did not believe – but I did so to protect my family and myself from serious harm and in the face of significant threats.’
The audio clips aren’t the first to circulate the internet, with the reality star previously accused of slamming and body shaming friend Sam Faiers.
In a statement shared with MailOnline, Ferne called the scandal a ‘harassment’ campaign against her, as well as offering her sympathies to those offended by the remarks.
By Danyal Hussain For Daily Mail Australia
14:43 15 Feb 2023, updated 15:50 15 Feb 2023
- Mark Bouris sold his home in crisis in the 90s
- He thinks many Aussies will have to do the same
- Said he has been inundated with desperate messages
One of Australia’s top mortgage lenders has issued a dire warning to homeowners after interest rates reached a 10-year high: Sell now before it’s too late.
Businessman and ex-Celebrity Apprentice host Mark Bouris told Daily Mail Australia he was forced to sell his house when interest rates hit a record 17.5 per cent and the country plunged into recession in 1990 – and warned history may be set to repeat.
Reserve Bank governor Philip Lowe on Wednesday told a Senate hearing in Canberra this month’s ninth consecutive interest rate hike – taking the cash rate to 3.35 per cent – would be far from the last.
Average borrowers on a 30-year loan term are now paying $3,303 a month – a 43 per cent jump from $2,306 in May 2022 – and further rate rises this year are all but certain.
Mr Bouris, one of Australia’s top financial advisors and founder of mortgage lender Wizard Home Loans, said today’s hikes reminded him of 1990 when interest rates hit record highs and he was forced to sell his home.
He said families today need to ‘bite the bullet’ and consider doing the same because the worst could be yet to come.
‘My kids were young and we had to move out and rent a place. That wasn’t great. They wanted to know why we were leaving and I had to explain it,’ he told Daily Mail Australia.
‘[My wife] would ask when would we have the security of our own place again … I was a young guy and I felt a bit embarrassed about the situation.’
Mr Bouris said his family spent four or five years in the rental home before finding their feet and getting back on the buyers’ market.
He said the struggle of selling the family home and moving into a rental was tough, but it was the right decision for their future.
‘You’ve got to bite the bullet sometimes and realise that selling now is probably better than selling later,’ he said.
‘I had to sell my home and I think a lot of Australians are in a similar place this time. Don’t feel embarrassed. Sometimes, it’s just how it is.’
Mr Bouris published a video on TikTok where he asked Aussies struggling with interest rate hikes to get in touch.
Within a few hours, he was inundated with messages.
‘I’ve had to actually put up another post saying please just hold off sending because I’ve had hundreds of responses,’ he said.
‘I’ve had responses from people struggling because of all sorts of circumstances.
‘There’s domestic violence where people had to move out or one of the partners has had to leave and the other is left with the mortgage and can’t maintain it on a single income.
‘Others have had problems with businesses … because of COVID – and they can’t now afford to pay the new interest rates.
‘I’ve had literally hundreds [of messages] and I’ve probably replied to maybe 60 – but each one requires a fair bit of time and effort.’
He said one of the major issues he’s come across is the new variable rate kicking in.
The era of the record-low 0.1 per cent interest rate in 2021 saw borrowers take advantage of home loan rates of two per cent or lower.
But now more than 800,000 loans, temporarily fixed with those ultra-low interest rates, will expire this year – and those mortgage holders will face a massive increase in repayments.
Meanwhile, Dr Lowe told the Senate hearing on Wednesday the situation for homeowners would get worse before it gets better.
‘There is a risk that we have not yet done enough with interest rates and spending is more resilient and that inflation stays high,’ he said.
‘If inflation stays high, it’s very damaging for the economy, it worsens income inequality, it makes it harder for businesses to plan, it erodes the value of people’s savings, it’s corrosive for the economy.’
Dr Lowe warned worsening inflation would lead to even higher prices and higher unemployment, referencing the early 1990s when the jobless rate hit double-digit figures even after a recession.
‘We’ve got to be attentive to the risk from higher inflation – it’s more than 30 years since we had higher inflation, I think many people have forgotten the really, serious damage that does to people, to livelihoods, the functioning of the economy if it persists,’ Dr Lowe said.
Dr Lowe acknowledged it was ‘really, really hard for some people’ who would have to battle ‘a very big increase in their mortgage payments’.
However he noted that he had to tackle inflation running at a 32-year level of 7.8 per cent to avoid a repeat of 1990 when wages growth failed to keep pace with price rises.
‘When we’re raising interest rates… it’s unpopular in large parts of the community, particularly given the history of the lower interest rates over the years,’ he said.
‘It is unpopular and it’s the job of the central bank to do what’s unpopular in the national interest and that’s what we’re doing.
‘If we don’t get on top of this, the pain will be worse.’
But Dr Lowe, who is on a $1,037,709 remuneration package, said he understood borrowers were doing it ‘really, really tough’.
‘I read those letters and hear those stories with a very heavy heart,’ he said.
‘I find it disturbing. People are really hurting, I understand that, but I also understand that if we don’t get on top of inflation it means even higher interest rates and more unemployment.’
Mr Bouris hit out at the government and Reserve Bank for putting Aussies in the position of having to sell their homes – and offered advice for those struggling with rising mortgages.
‘If I was in that position, if that was me, knowing my circumstances, I would sell now rather than sell in six months time because I think the chances are that you get a better price now,’ he said.
‘I don’t see why the government should put people through that. The government have raised outstanding amounts of taxes over the last couple of years .
‘The government is in a position to probably give a little bit back to those people who are going to suffer during this inflation fighting period.’
Mr Bouris was unimpressed with the government’s actions tackling the crisis and said its policies during Covid made the situation worse.
‘Governments cause inflation because they give money and people think, “oh, that’s free money. I’ll go and spend it”,’ he said.
‘During Covid, they gave the bank’s money to lend money to people to buy houses. They gave it to banks really cheap. So therefore, the banks pass that on to borrowers really cheap. We gorged ourselves with cash and then we gorge ourselves once the lockdown closed off.
‘We gorged ourselves with luxury. We went on holidays, we bought second-hand cars, we bought four wheel drives, televisions, we just rewarded ourselves ridiculously and that is human behaviour.
‘Both the government and the Reserve Bank created inflation. Now they are trying to fix inflation and mortgage holders are going to pay it. I just think that’s really unfair.’
As a solution, he called on the government to offer a rebate to mortgage holders.
‘If you have a rebate off tax for a mortgage, let’s say a million or less, then that will help them keep their heads above the water while interest rates keep rising,’ he said.
‘Make it $2,000, for example. That $2,000 you then make an application to the Tax Office for. The $2,000 rebate will be distributed to you and it will help borrowers who need it.
‘I think that’d be a great economic policy for the government to bring out the next budget, it makes sense.’
Finance guru David Koch explodes over interest rate debacle and says EVERY Australian who took Reserve Bank Governor’s ‘derelict’ advice should get their loan guaranteed
Sunrise host David Koch has called on the government to guarantee every home loan taken out on the ‘derelict’ advice of Reserve Bank Governor Philip Lowe that interest rates would not rise until 2024.
The Reserve Bank Governor will face a grilling in federal parliament on Wednesday over the nine rapid rate interest rises that have have occurred since he forecast that they would not go up until 2024.
Interest rates rose to 3.35 per cent last week – the highest they have been in 10 years.
The succession of interest rate rises mean thousands of households are facing the so-called mortgage cliff, as low fixed-rate mortgage deals expire and the higher interest payments begin.
Koch said many who invested on Mr Lowe’s erroneous forecast could lose their homes.
‘All of these Australian households, imagine the emotional pressure you would be going under at the moment, facing the prospect of a sale on your house,’ he said on the Channel Seven breakfast program on Wednesday.
‘It would be destroying families and destroying relationships. That’s the human side of it.’
Koch proposed the Albanese government should go to the banks and say ‘we will guarantee these people’s loans because they followed the derelict advice of the Reserve Bank’.
‘They’ve still got to paying their loans but many of them are in negative equity and the bank will be on the verge of selling them out,’ Koch said.
‘It’s not a handout, it’s just saying to the bank, don’t close them down, we will guarantee it until things improve.’
Negative equity occurs when a property is valued at less than the loan taken out to purchase it.
Koch’s Sunrise co-host Natalie Barr initially raised her eyebrows in shock at the suggestion but by the end of the explanation she was nodding in agreement.
The Reserve Bank Governor will face Senate Estimates on Wednesday.
Last week, the Reserve Bank lifted interest rates to 3.35 per cent, in the latest increase.
For those coming off fixed rate deals this could mean a jump from paying 2 per cent of their loan to over 5 per cent.
This means an extra $1,114 for a borrower with an average $600,000 home loan who is coming off an ultra-low fixed rate of 2 per cent and moving on to a new 5.26 per cent variable rate mortgage.
Dr Lowe will be questioned by the economics legislation committee as the Reserve Bank foreshadows more interest rate rises to rein in inflation, which grew by 7.8 per cent annually in the December quarter.
The federal government is concerned about the 800,000 mortgage holders on fixed rates yet to feel the full brunt of increasing rates.
The future of the RBA’s leadership has also come under question ahead of the treasurer’s decision on whether to extend his term in the second half of 2023.
Senate grilling for RBA boss
Reserve Bank Governor will face two days of questioning by parliamentary committees over the rapid interest hikes.
On Wednesday he will front a Senate estimates committee. committee and on Friday it will be a House of Representatives committee.
Beginning in May the bank has lifted the cash rate nine successive times to 3.35 per cent.
Dr Lowe said in November of 2020 that interest rates would stay on hold until 2024 but apologised for this comment last November.
His seven-year term as RBA governor is set to expire later this year with speculation mounting Treasurer Jim Chalmers may not extend it.
Several MPs, including Labor backbenchers, have questioned the future of Dr Lowe based on the RBA’s predictions issued during the pandemic that interest rates would not rise until 2024.
Treasurer Jim Chalmers has refused to comment on Dr Lowe’s future as Reserve Bank governor.
The RBA is also subject to an independent inquiry, with the findings due in March.
Five Star Bank’s
Larry Alampihas over 20 years of banking experience and serves as Commercial and Industrial Banker, assisting companies with their depository and borrowing needs. He previously worked at HSBC, First Niagara and KeyBank, and most recently served as Business Development Manager for CH Insurance. A graduate of Le Moyne College, he is also a loan committee member of the Greater Syracuse Business Development Corp. Thomas Breed, who has more than 30 years of local banking experience, serves as Commercial and Industrial Banker, assisting companies with all of their depository and borrowing needs. He previously worked for KeyBank, First Niagara, Citizens Bankand JP Morgan Chase Bankand is a graduate of Syracuse University. Andrew Marchserves as Commercial Real Estate Banker. The 34-year banking veteran joined Five Star from Solvay Bank and spent the majority of his career in the Central New Yorkbanking space at institutions including Berkshire Bank, M&T Bank, KeyBank, Community Bankand more. He is a graduate of Clarkson University. Sara Smithserves as a Senior Portfolio Manager for the team, handling the service needs of commercial clients throughout Central New Yorkand beyond. Smith, who previously worked at First Niagara and KeyBank, is a graduate of SUNY Oswegoand the class of 2016 of Leadership Greater Syracuse.
“As part of Five Star Bank’s continued growth and evolution, we’ve expanded beyond our historic rural Upstate New York footprint to serve metros like
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