|July 2004||News Article|
Rate rise more likely
An interest rate rise is more likely this week (end Aug 7), following Australian Bureau of Statistics housing figures.
Global warming and drought crack houses
A combination of drought and changing weather patterns will be one of the causes for Australia's houses cracking up, according to Archicentre, the building advisory service of the Royal Australian Institute of Architects.
TransACT expands in Belconnen
Residents in Aranda, Belconnen, Bruce, Charnwood, Cook, Evatt, Florey, Flynn, Fraser, Macquarie, McKellar, Melba and Spence can now access TransACT's phone and broadband services.
New roads and carparks for Gungahlin
The Land Development Agency has constructed new road links and temporary car parks in Gungahlin.
Reserve warns on housing figures
The Reserve Bank has warned that housing statistics in Australia are either delayed or unreliable.
Rainwater tank rebate scheme begins
The revised rainwater tank rebate program begins today (July 17).
Inequality from property wealth defended
Wealth generation through real estate should be welcomed, according to the social research director of the Centre for Independent Studies, Peter Saunders.
Clearance rate improves
The clearance rate at Canberra auctions in the week to July 7 improved 13 percentage points to 40 per cent, according to McCann Property and Planning.
South Canberra Draft Neighbourhood Plans ready for comment
Draft neighbourhood plans for Forrest, Garran, Hughes, Griffith, Narrabundah, Red Hill and Yarralumla, which will formalise green space and provide a heritage walk to Yarralumla Brickworks, are available for comment.
New residential street trees
Planning had begun for the replacement of residential street trees following the January 2003 bushfires.
Housing finance shows continued gradual downturn
The total value of housing finance commitments fell by 1.5% in May 2004, following small increases in the previous three months.
Reserve holds rates
Official interest rates will remain at 5.25 per cent, the Reserve Bank announced today (July 7).
Housing approvals trend positive
The trend estimate for total dwelling units approved is now showing increases over the last two months, rising 0.5% in May 2004, according to the Australian Bureau of Statistics.
Canberra’s tallest residential complex begins
Work on Canberra’s tallest residential complex has begun.