|December 2008||News Article|
ACT housing starts leap ahead while others fall
Housing starts rose 77 per cent in the ACT in September quarter, against a national fall of around 10 per cent, according to Australian Bureau of Statistics figures released today (16 December 2008).
Tax review to put priority on affordable housing
The Federal Government's tax review headed by Treasury Secretary Ken Henry is to make housing affordability a top priority.
Mortgage stress halved in the ACT
The number of households in mortgage stress in the ACT has almost halved since August.
Housing lending starts to turn
Housing loans increased in October, the first rise since January, according Australian Bureau of Statistics figures released today (10 December 2008).
Prices fall across Australia
House prices fell 2.6 per cent in the September quarter, according to the Mortgage Choice/REIA Real Estate Market Facts released today (10 December 2008).
Investors who fled property now suffering
People who fled the property market for shares bought by their do-it-yourself superannuation funds are now suffering, according to the superannuation industry body.
Credit squeeze blamed for low building approvals
Building approvals decreased by 5.4 per cent in October to be down by 26.1 per cent on the same month last year, according to figures released today (6 December 2008) by the Australian Bureau of Statistics.
Housing starts to stay well below demand
Housing starts are forecast to fall by seven per cent in 2008-09 to 145,300, largely due to a very weak second half of 2008, according to the Housing Industry Association National Outlook, Australia's most comprehensive report on the residential sector, published today (2 December 2008).
Major banks pass on 1 per cent rate cut
Major banks moved immediately today (2 Dec 08) to pass on the full 1 percentage point rate cut brought down by the Reserve Bank of Australia.
Land prices fall slightly
The price of vacant land has fallen 2.1 per cent over the first half of 2008, according to the inaugural HIA-RP Data Residential Land Report released today (1 December 2008).