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July 2006 News Article
31 July Suburbs hit hard with property tax, Libs say
Property taxes have gone up 41 per cent in Tuggeranong, 39 per cent in Gungahlin and 35 per cent in Belconnen, according to the ACT Opposition.
31 July May rate rise hitting now
The impact of the May interest rate increase has hit hard, sending new home sales to a 17 month low.
28 July Australia worst for affordability
Australia came out worst for housing affordability in a survey published this week (week ends 29 July 06.
26 July Huge differences in first-homebuyers’ concessions: survey
A survey of the eights states and territories’ stamp duty regimes reveals a mish-mash of hugely different rates for first homebuyers.
25 July ACT has highest land tax in Australia: REIA survey
The ACT has the highest land tax in Australia, by far, according to a survey done by the Real Estate Institute of Australia made public today 25 July 06.
24 July Population boom forecast for ACT
A population boom is expected in Canberra in 2007 and 2008 driven by public service and construction growth.
24 July Housing affordability ‘causing social and economic dislocation’
The crisis in housing affordability is causing social and economic dislocation, according to the Housing Industry Association.
23 July Tarting up property not always profitable
Major renovations before a sale might be waste of money, according to valuers HTW.
21 July Make taxes uniform: property council
Property taxes should be uniform across the states, according to the Property Council of Australia.
19 July ‘Cultural change needed’ at ACT Planning
A cultural change is needed in ACT planning agencies, according to the shadow planning minister, Zed Seselja,
19 July Ratepayers outraged as notice arrive
ACT ratepayers got a rude awakening today 19 July 06 as rates notices appeared in the post.
14 July ACT planning changes to speed approvals
Approval times for development are expected to improve next year with a new planning regime.
13 July More first-home buyers entering ACT market
The percentage of first home-buyers had risen to 21 per cent in the ACT, Chief Minister and Treasurer Jon Stanhope said today (13 July 06).
13 July Another slug for home-owners
Ordinary home-owners who knock down their house to rebuild are being hit with a development levy by Wollongong City Council as if they were developers in a greenfields site, it was reported today (13 July 06).
11 July Surge in home lending
Homes loans rose 4.7 per cent in May to 62,768, according to the Australian Bureau of Statistics today (11July06).
11 July Time to look for housing bargains
It might be a good time to start look for housing bargains as commentators and surveys suggest a climate of rising interest rates and sentiment moving to stock market investment.
10 July Brakes on for new home building
Rising interest rates, land shortages, and a lack of urgency among home buyers is keeping the brakes on new home building, according to the winter edition of the Housing Industry Association Market Snapshot Report released today...
10 July Neighbours conflict service ‘needs Govt money’
The Conflict Resolution Service will have to charge fees unless the government helps out, according to the shadow minister for family and community services, Jacqui Burke, Burke said today 10July06) that problems with neighbours were the...
7 July Mayor objects to over-development
Plans for 380 apartments and townhouses and 180 houses at Sandon Point are a case of overdevelopment, according to Wollongong Lord Mayor Alex Darling
7 July Householders warned of cockroaches
Householders should tackle cockroaches now during their breeding season, to avoid huge outbreaks and risk of disease in summer, according to a pest controller’s report published today (7 July 06).
5 July Interest rates on hold
The Reserve Bank of Australia decided today (5 July 06) to leave official interest rates unchanged at 5.50 per cent.
4 July Rush to beat energy regulations
Building approvals more than doubled in the ACT May as people tried to get in ahead of new energy efficiency ratings came into force.
4 July Around the capitals
There is no such thing as the Australian Property Market, according to Australian Property Investor editor Eynas Brodie.
3 July Reserve likely to hold off on rates
The Reserve bank is unlikely to increase interest rates this week, according to experts.
3 July Pressure on housing stock as approvals lag
Another slow month for dwelling approvals is keeping pressure on Australia’s housing stock.