18.41 7 May 2021
An analysis by Newstalk reporter Paul O Donoghue shows that for a single person on a typical wage, houses are only affordable in 7 of the 26 counties in Ireland: Cavan, Donegal, Leitrim, Longford, Mayo, Roscommon and Sligo. This was even with a deposit of 20%. With a 10% deposit, only 4 of those counties remain affordable.
This is based on a person on the median salary, looking to buy a home at the median price. Across Ireland, the estimated median salary for 2020 was just over €38,000. With a 20% deposit, this would allow a buyer to get a property worth €185,200. This was far less than the actual median house price of €260,000.
10.53 27 Apr 2021
Our reporter Paul O Donoghue has done some digging into an investment scheme that crashed recently. He told us what he found about the scheme that has cost small Irish investors over €100m from life savings and pensions.
The Pat Kenny Show
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A Dublin taxi driver has revealed how he lost his €40,000 pension in a suspected German pyramid scheme.
Over 1,800 Irish people invested in a German property company called Dolphin Trust. The average amount invested is estimated to be around €50,000. Most were small investors, who used either large chunks of their savings or their pensions.
Dolphin has recently gone bust and a suspected fraud investigation is ongoing.
Ray Sludds is one of those who was told the company was a good investment.
“I got a call from the broker to say there were issues,” he said. “But even then he assured me that: ‘We’re just looking at a delay.’
Ronan Glynn responds amid frustration and anger over do a little bit more comments newstalk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newstalk.com Daily Mail and Mail on Sunday newspapers.
17.35 17 Mar 2021
Sixteen people have been arrested today for failing to comply with directions from the Gardai when it comes to Covid-19 restrictions.
The Gardai say the vast majority of people at the Anti lockdown protests are complying with lockdown rules.
Henry McKean was at a protest at the GPO in Dublin where he witnessed many people who travelled across Ireland getting arrested. Meanwhile Paul O’Donoghue followed the protests at RTE and Herbert Park.