|November 2005||News Article|
Residential building booms in ACT
Residential building activity in the ACT was up 9.7 per cent in the September quarter, according to Australian Bureau of Statistics figures released today (Dec 1).
Land shortage curbs sales of new homes
The sale of new dwellings rose by a modest 2.1 per cent in October to 8,969 homes, the third lowest result for the year.
Opposition seeks review of land valuations
Shadow Treasurer Richard Mulcahy will request the Legislative Assembly's Public Accounts Committee to undertake an inquiry into the ACT's land valuation system.
Govt takes control of coastal high-rise
Councils will not be able to approve high rise buildings (either commercial or residential) along the NSW coast.
New guide for buying real estate
‘Reality Check’ — a guide to the purchase and sale of residential real estate – was launched today (Nov 25).
Property law to be simplified
ACT property law would be simplified and streamlined under new legislation tabled in the Assembly today (Nov 24)
Buyers re-enter NSW property markets
Buyers are re-entering the NSW property market to take advantage of lower prices..
Development levy hits hard
The latest charges levied by the NSW Government and local councils to pay for development in Sydney’s growth corridors will add up to $140,000 to the cost of a block, according to the Housing Industry Association.
Cut in public houses, tenants told go private
The ACT Government is spending more on public housing but providing fewer properties, according to the Opposition.
Cat containment in new suburbs
Cats in the new Canberra suburbs of Bonner and Forde will have to be contained within house properties at all times, under legislation passed today (Nov 17).
Casual or part-time work no barrier to getting mortgage
The ability to take out a property loan is not dependent on working full time, according to a major mortgage broker.
Warning on barbecue safety
Standards Australia issued a warning today (Nov 15) on the dangers of barbecues as a Milperra woman from South Sydney recovers from burns after mistaking a bottle of methylated spirits for water while cleaning her barbecue.
First-home grant crackdown
The ACT Government has been hunting down people cheating on the first-home buyers’ scheme.
Plan to move public housing to private
Governments should recognise the value of home ownership by reducing public housing and cutting red tape for private housing, according to the Housing Industry Association Speaking today (Nov 10) at the ACOSS National Congress, HIA managing...
Doomsayers proved wrong as new housing steadies
The value of new home lending has risen fro the second consecutive month, according to Australian Bureau of Statistics figures released today (Nov 9).
Housing stress for low-income earners
The housing crisis for those on low income in Canberra is getting worse, according to St Vincent de Paul Society.
Bank more likely to raise than lower rates
The Reserve Bank is now more likely to raise interest rates than lower them.
Swap weeds for native plants this weekend
Canberra householders can swap environmental weeds for free native plants this weekend (Nov 5-6).
Rates stay put; housing approvals soft
The Reserve Bank announced today (Nov 2) that it would leave interest rates on hold. Also today, the Australian Bureau of Statistics reported softening housing approvals.