|December 2006||News Article|
House prices streak ahead of wages
House prices have risen 75 per cent faster than average wages over the past 20 years, according to Macquarie Bank interest rate strategist Rory Robertson.
Record $1m for Kingston townhouse
A townhouse with a balcony overlooking Telopea Park in Kingston fetched a record $1 million for a Kingston Townhouse this week (week ends 31 December 2006).
New home sales plummet
New private detached houses sales are at their lowest level in six years.
Land tax continues to rise despite static values
NSW property investors are facing rising land tax, despite static property prices.
National gloom but ACT boom in new houses
The ACT is experiencing a small boom in new housing, according to Australian Bureau of Statistics figures released today (14 December 2006).
Canberra in rental squeeze
Canberra now has the tightest rent market of the Australian capitals.
High cost of new dwellings boost renovations
Major renovation activity (jobs carried out by licensed builders and contractors) increased by 5 per cent in the September 2006 quarter to $891 million, according to the Housing Industry Association’s quarterly Renovations Monitor.
Most of Australia in housing stress, REIA says
Most of Australia is officially in 'housing stress', according to the Real Estate Institute of Australia.
Rates stay put till February at least
Interest rates are to stay on hold till February at least, the Reserve Bank announced today (06 December 2006).
More property investment is wise
Property investment has been the best over the long term in Australia, according to a study out today (05 December 2006).
Illawarra prices fall, creating bargains
Median house prices fell 6.1 per cent to $357,000 in the Illawarra region in the September quarter, according to the Illawarra Regional Information Service.
Australian house prices high on world standards
Australia has moved from 27th to 17th place for house price growth in the world, according to the Knight Frank Global House Price Index (KFGHI).
Householders warned of summer storms
Storms caused more than $85 million damage to ACT and NSW homes last financial year and the wildest weather is more likely to occur in summer.