|November 2004||News Article|
Seventh monthly fall for dwelling approvals
The approval of new houses and units has fallen for the seventh consecutive month in October to be at their lowest level since June 2001, according to figures released today (Nov 30) by the Australian Bureau...
Government summit discusses tenant model
The ACT Government held a public housing summit on the weekend (Nov 27) to look at the way forward in establishing a Tenant Participation model in the ACT.
Home sales bounce back after election: HIA
After three months of falling sales, October has provided a welcome bounce in home sales among Australia’s largest home builders, according to the Housing Industry Association’s latest figures.
ACT says no compo if plans change
Planning Minister Simon Corbell has ruled out compensation for property buyers who subsequently cannot develop as originally hoped because of planning changes.
Cooma-Monaro land values double
Land values in Cooma-Monaro Shire have more than doubled from $262 million to $527 million, Cooma-Monaro Mayor Roger Norton said today (Nov 24).
Residential construction hits new peak
Residential building work done rose 0.2 per cent in the September quarter to reach a new quarterly peak for the cycle of nearly $8.7 billion, according to Australian Bureau of Statistics figures released today (Nov 24).
New fire requirements for new homes
A new houses built on Canberra’s fringe will have to meet strict new fire guidelines, it was reported today (Nov 22).
Allhomes hits record daily page hits
The allhomes.com.au website hit a record 508,720 page hits on Monday, web statistics showed today (Nov 20).
Banks make sure lenders can repay: ABA
Banks apply the test “can the borrower afford to repay the commitments on this loan”, according to the Australian Bankers’ Association.
Sales at Conder and Mitchell
Two sites at Mitchell and Conder have sold at auction for a total of $1.57 million.
Reserve warns on debt
Lenders are allowing too much easy credit, according to the Reserve Bank.
Residential environment slug unfair: HIA
Home builders, already staggering under the burden of red tape and regulation, have been slugged again, according to the Housing Industry Association.
Planning red-tape costing home-buyers: HIA
Successive layers of increasingly complex legislation are clogging the planning process, according to a Housing Industry Association statement released today (Nov 15).
Bank lending for investment up in ACT
Lending for investment housing increased in the ACT by 15.1 per cent in September.
Red-tape burden trebled in a decade: HIA
The burden of red tape on the housing industry has trebled in the past decade, according to the Housing Industry Association’s managing director, Ron Silberberg.
Home lending up: ABS
Total value of housing finance commitments rose by 1.8% in September 2004, following a fall of 0.7% in August, according to Australian Bureau of Statistics figures released today (Nov 10).
Reserve suggests rate rise will be later rather than sooner
The Australian economy is doing well with low inflation, according to the Reserve Bank’s quarterly monetary policy survey released today (Nov 8).
Interest rates stay unchanged
Interest rates will stay unchanged, the Reserve Bank announced today (Nov 4).
Building approvals fall
Building approvals continued to fall in September, the Australian Bureau of Statistics reported today (Nov 4).
Building trades shortage drives trade prices up
Australia’s $15 billion pipeline of residential work is keeping pressure on construction trade prices and availability.