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June 2008 News Article
30 June A million new homes needed in five years: HIA
Australia will need a million new homes in the next five years, according to research into immigration, household formation and demolition activity.
26 June Home building warranty insurance unreliable
Home builders beware - you should not rely on home warranty insurance, according Gerard Brody of the Consumer Action Law Centre.
26 June ACT land-rent scheme passed
The Land Rent Scheme - part of the ACT Government's Affordable Housing Strategy - has passed in the Legislative Assembly.
24 June Feds urge states to follow ACT on housing
The Senate Select Committee on Housing Affordability in Australia has recommended that other jurisdictions follow the ACT's lead on affordable housing.
24 June Updated info on window film treatment available
A renewed website is offering information on the benefits of treating windows with film.
20 June Plan for house and land under $300,000
The ACT Government and builders will collaborate to produce house-and-land packages under $300,000, the ACT Government announced today (20 June 2008).
18 June Petrol and development fears push inner prices
Petrol prices are making houses in inner suburbs more attractive.
17 June Housing starts down
Housing starts for the March quarter were down 3.3 per cent on a seasonally adjusted basis, according to Australian Bureau of Statistics figures released today.
17 June Canberra house prices to level, rents to rise
House prices in Canberra will only keep pace with wages in the next three years, according to business forecaster BIS Shrapnel.
16 June ACCC moves on home lenders
The Australian Competition and Consumer Commission (ACCC) released today (16 June 2008) a new section on its website -- Managing your Mortgage -- to help home owners experiencing mortgage stress or who are struggling to meet their mortgage repayments.
11 June Plan to cut $50,000 from house price: HIA
Measures under the federal government's Housing Affordability Fund will cut $50,000 (in total repayments) for the average new homebuyer, according to the Housing Industry Association.
9 June Housing code fears a myth: architect
Fears over housing codes that speed up development have been exaggerated, according to a leading NSW architect.
9 June Senate concern at home-building insurance
The Housing Industry Association and the Insurance Council of Australia refused to give evidence at a Senate inquiry this month (June 2008) into housing warranty insurance.
9 June Cheap LDA housing blocks remain unsold
For the first time blocks from a Land Development Agency release remain unsold. Twenty-four blocks from the latest release in Franklin are available.
3 June Flat start to June quarter
New home sales failed to recover from a very weak first quarter of 2008.
3 June Pollster reveals huge rates impact
If the Reserve Bank of Australia decides to raise interest rates by .25 base points this week, 2008, an estimated 871,000 Australians or 25.2% of owner occupier mortgage holders would likely be at risk of falling behind in their loan repayments.
3 June Interest rates stay on hold despite inflation
The Reserve Bank of Australia announced today that it would keep official rates on hold at 7.25 per cent, which will keep standard variable mortgage rates at around 9.5 per cent.
3 June A blip up for building approvals
Building approvals rose in April after a dreadful first quarter in 2008. Australian Bureau of Statistics figures released today showed building approvals increased 7.8 per cent in April.
2 June Crash unlikely after boom ends: expert
Canberra is not facing a crash in house prices, according to a property expert.