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October 2006 News Article
30 October Victoria to cut stamp duty
The Victoria Government has announced it will cut stamp duty, it was reported today (30 October 2006).
30 October Prices to fall with large ACT land release
Land pries in the ACT are expected to fall by as much as 10 per cent as more land comes on to the market, according to economic forecaster BIS Shrapnel, it was reported today (30 October...
27 October Property charge increases disadvantage ACT
The 17.2 per cent growth in property charges in the ACT in the past year puts the ACT at a disadvantage, according to the Deputy Leader of the Opposition and shadow treasurer, Richard Mulcahy.
25 October Vicious circle of housing costs, inflation and rates
The squeeze on rental markets and increases in property rates and charges has put pressure on inflation.
24 October Housing affordability falls to three-year low
The second interest rate rise in August and robust house prices have sent housing affordability to a three-year low.
23 October Better to buy than sell in spring
Spring is often thought to be the best time to sell a house – when the garden looks lush and fresh.
22 October Tax office to target at property investors
Property investors watch out. That is the message from the Australian Tax Office.
20 October Inquiry into land tax sought
The Deputy Leader of the Opposition and shadow treasurer, Richard Mulcahy said today (19 October 06), 'Land tax rates are creating a disincentive for investment in residential property in Canberra and we are now seeing the...
19 October Getting in before the boom
Several areas in Australia look like they are about to boom, according to he October issue of Australian Property Investor magazine out today (19 October 2006).
18 October Land tax ‘contributing to rental crisis’
High land tax is contributing to the rental crisis in Canberra, according to Opposition Deputy Leader and shadow treasurer, Richard Mulcahy.
16 October Slow year ahead for dwelling construction
Conditions in the housing construction industry are likely to remain slow in 2006-07, according to the Housing Industry Association.
12 October South Coast’s booming caravan parks
The NSW South Coast is the second-most popular destination in the Australian market, according to the Tourism Research Australia
10 October Land tax should mirror rates, council says
Land tax should mirror rates, the Property Owners and Ratepayers Association of the ACT said today (10 October 2006).
10 October High property taxes ‘causing ACT rent crisis’
The ACT rental crisis is due to too few Canberrans investing in residential property, according to the ACT branch of the Real Estate Institute of Australia. And the main reason for that is the low return...
7 October Householders warned over fire threat
Householders should check their insurance coverage as well as the physical state of their homes with the arrival of the bushfire season, the IInsurance Council warned this week (week ends 7 October 06).
4 October Breather for home owners on rates
The Reserve Bank has decided to leave the official cash rate at 6.0 per cent, it announced today (4 October 06).
3 October Units cause approvals to plummet
Building approvals fell 12.6 per cent August, mainly because of a drop in apartment approvals, according to Australian Bureau of Statistics figures released today (3 October 06).
2 October Builders say interest rise would be nasty
Another interest rate rise would be nasty, according to the latest building industry survey, published today (2 October 06).