|March 2006||News Article|
House approvals up, units down
Building approvals rose in February, thanks to the detached house market.
Water bans permanent from today
Water conservation measures become permanent in ACT and Queanbeyan from today (31 Mar 06).
New-home sales bounce back: HIA
New home sales bounced back in February, after five sluggish months.
New call for first-home super access
The renewed called by the NSW Government for first-home buyers to be able to access their superannuation was welcomed this week (week ends April 1) by the Real Estate Institute of Australia.
ACT Govt charges on new homes soar
Government-caused costs of an average four-bedroom house in the ACT have gone from $32,000 in 2000 to $108,000 in 2005, according to the Residential Development Council in a report released today (28 Mar 06).
Major banks failing borrowers on-line
About a fifth of borrowers want to sign up on line, but are being let down by major banks, according to a survey by Global Reviews, an independent researcher.
Record in Kaleen and Inner South does well
A record price of $650,000 was set for the Belconnen suburb of Kaleen at a weekend auction.
ACT agents successful at national awards
ACT agents have taken two major awards at the national real estate awards in Sydney this week (week ends 25 Mar 06).
Take DAs away from councils, survey says
Development approvals should be taken away from councils, according to a Property Council of Australia survey.
ACT new-home starts worst in Australia
New homes starts fell in all states and territories (except the Northern Territory) in the December 2005 quarter. The ACT fall was highest at 21.1 per cent, according to Australian Bureau of Statistics figures released today...
Property taxes and rates under review
Property taxes and rates would be reviewed in the next two months, ACT Housing Minister John Hargreaves was reported today (19 mar 06) as saying.
High prices caused by urbanisation
Australians are paying ever-higher prices for housing because of the high portion of Australians living in major cities.
Lending for investment housing rises
Lending for investment housing rose 0.6 per cent in January after a2 per cent rise in December, according to Australian Bureau of Statistics figures released today (mar 14/06).
More rent and fewer are mortgage-free, ABS says
More people are renting and fewer are mortgage-free than nine years ago, according to the Australian Bureau of Statistics today (mar 13/06).
First home-buyer numbers plummet
The portion of first-home buyers getting loans has nearly halved over the past two quarters, according to figures released by the Australian Bureau of Statistics today (mar 10).
Women miss out on mortgages
More than 90 per cent of women play a key role in buying a house and yet they are still discriminated against by the mortgage industry, according to a survey by Wizard Home Loans.
Interest rates on hold
The Reserve Bank board announced today (Mar 8) that interest rates would stay on hold.
100-unit golf project near Wollongong
A $25million golf resort with 100 self-contained apartments is planned for next to Seven Mile Beach at Gerroa, it was reported today (Mar 7).
Zero-interest home loan planned
A zero-interest loan is to be launched by major lenders in July.
Major renovations slide further
Major renovations expenditure is falling according to the Housing Industry Association’s quarterly Renovations Monitor, issued today (Mar 6).
Promise to end land tax and double GST on insurance
Land tax is to go and duties on insurance premiums will be based on the premium before GST, not after, under proposals announced this week (week ends Mar 4).
Review of high-density in ACT
Rules on higher-density development near suburban shopping centres are under review.