|February 2006||News Article|
Call to end real-estate red tape
Red tape in the real-estate industry should be slashed, according to the new president of the Real Estate Institute of the ACT, Peter Blackshaw.
NSW to make water run-off easier
NSW residents will no longer need council approval to allow their grey water (from bath, showers and washing-machines) to be diverted to their gardens.
Blackshaw is new REIACT president
Blackshaw has agencies in Manuka, Belconnen, Woden, Tuggeranong, Kippax and Gungahlin.
Housing slump over as prices recover
House prices rose 2.1per cent nationally in the three months to December, the biggest quarterly rise since the December quarter of 2003, according to the latest Australian Bureau of Statistics figures.
Infrastructure needs boost, property council says
NSW should abandon its debt phobia and use the spare capacity provided by yesterday’s expenditure review to deliver a $5 billion boost to infrastructure, according to the Property Council. It said today (Feb 24) that research...
Housing improvement likely: Mirvac
THE residential property market should see limited improvement this year, according to the Mirvac Group, which posted a 40 per cent increase in interim net profit this week (week ends Feb 24). Mirvac Homes chief executive...
Home building plummets
The value of residential building activity declined by 4.9 per cent in the December 2005 quarter, the sharpest fall of the cycle, to $8.52 billion, according to Australian Bureau of Statistics figures released today (Feb 22).
Auction clearances improve
Sydney, Melbourne and Adelaide recorded strong auction clearance rates over the weekend. Sydney’s clearance rate of 62.8per cent was the city’s highest for two years – up from the previous week’s 51.1 per cent.
NAB cuts interest rate
The National Australia Bank has cuts its first-year fixed rate to 5.95 from 6.14 from today (Feb 20).
New energy rating to save and cost
All new dwelling in the ACT will have to meet a five-star energy rating and new water requirements from May 1, it was announced today.
Canberra median price breaks $400,000
The median home price in Canberra has hit $406,000, behind only Sydney ($518,000), according to research by Australian Property Monitors for the Reserve Bank of Australia.
House prices to go up by CPI only for six years
House prices will not rebound soon, according to Bob Schwartz, chief economist at MapInfo/Dimasi.
Inquiry into land valuations
The ACT’s system of land valuation is to be investigated by a Legislative Assembly committee.
Reserve's inflation worries pose rates threat
THE Reserve Bank of Australia said today (Feb 13) that it would raise interest rates if labour costs rose and put upward pressure on inflation. The central bank has forecast a modest rise in underlying...
Lending for housing goes up
Housing finance commitments for owner-occupied housing rose 0.9 per cent in December, seasonally adjusted, to 59,100, according to Australian Bureau of Statistics released today (Feb 10).
Agents suffering as prices hold but volumes drop
Dwelling sales in Canberra in 2005 were at their lowest level for more than five years, but the median price of $350,000 has remained fairly constant since March 2004.
Canberrans meeting environmental challenge
Canberrans are incrementally changing the way they live, increasingly adopting environmentally friendly alternatives such as energy-saving light bulbs, natural gas and water-saving front-loading washing machines, according to the latest figures from the Australian Bureau of Statistics.
Energy- and water-efficient housing on display
Three houses showing the latest innovations in energy and water conservation will open today (Feb 9).
Steady interest rates welcomed
Real estate and business groups have welcomed the hold on interest rates announced by the Reserve Bank today (Feb 8).
Four sorts of property-boom victims
Four sorts of victims of the property boom have been identified in a report today (Feb 7).
Grant no way to help first buyers, MLA says
The key to solving the housing affordability crisis was primarily in the hands of State and Territory Governments, not in increasing the first homebuyer grant, according to ACT Shadow Planning Minister Zed Seselja.
Housing activity to slow in 2006, HIA says
This year will be a slower one for the residential sector, but not to the extent seen in previous cycles, according to the December 2005 quarter HIA National Outlook publication, released today (February 6).
Property tax plan slammed
Plans to end negative gearing would result in a crisis in the rental market, according to the Housing Industry Association.
ACT building booms in falling market
Building approvals shot up 14.7 per cent in the last quarter of 2005, according to figures released today (feb 2).
First home-buyers need help
Governments should be more creative about helping first home buyers, according to the Housing Industry Association.