|July 2007||News Article|
New Molonglo suburbs in 2008-09
New suburbs in Molonglo, downstream of Scrivener Dam, will begin with the first land releases in 2008-09, Planning Minister Andrew Barr announced today (20 July 2007).
Own home is biggest goal for young: NAB
Home ownership is the biggest goal for more than 90 per cent of 16- to 24-year-olds, according to a NAB survey.
New home sales down 12 per cent in 2006-07
New home sales fell 12 per cent in 2006-07, according to the Housing Industry Association’s New Home Sales survey released today (30 July 2006).
REIA backs sliding scale for capital gains tax
Capital gains tax should apply on a sliding scale to encourage long-term investment in housing, according to the Real Estate Institute of Australia.
Affordability to get worse
Housing affordability would get worse before it got any better, with interest rates more likely to rise over the next year or so, the Federal Opposition’s housing affordability conference was told today (26 July 2007).
Canberra leads property boom
Canberra is leading a property boom in the eastern states, according to Australian Property Monitors in figures released today (24 July 2007).
Number in rent stress set to soar, HIA says
The number of Australian families in rent stress is set to soar according to the Housing Industry Association.
Rates to hit Canberrans ‘by extra $145 a year’
The burden on Canberra residents would continue to increase this year by, on average, at least an extra $145, according to the ACT Government's own figures, the shadow treasurer Richard Mulcahy said today (19 July 2007).
Rural incomes affect city property: research
There is a strong correlation between events in the farming economy and the rise and fall of residential property markets in Australia’s cities, according to new research published in Australian Property Investor magazine.
Houses under $300,000 at Macgregor
About half the 600 blocks at a new development at Macgregor in West Belconnen would go for under $300,000 according to the developer.
Easy loans, hard repayments
Lenders are approving over-the-phone loans with no deposits, no inspections but with repayments equal to half disposable income, according to a survey published today (13 July 2007).
Available land concentrated in Gungahlin
If you want a new dwelling, go to Gungahlin.
Finance approvals yet to translate into new activity
Despite a rise in housing finance approvals in May, the increase has yet to translate into new dwelling activity, according to Master Builders Australia.
Government land released…will it help?
A national land audit with the prospect of Federal Government land to be released for housing has been announced by Federal Treasurer, Peter Costello.
Survey reveals positive outlook from builders
Builders are becoming more positive about the outlook for residential activity, according to Master Builders Australia Chief Economist, Peter Jones.
Treasury documents suggest worsening burdens
Mortgage burdens are expected to worsen, according to Treasury documents obtained by the Seven Network under Freedom of Information.
Interest rates on hold
Interest rates have been put on hold for the eighth month straight, bringing relief for some homebuyers and owners. Rates are now set to remain on hold until the end of the year.
ACT spared further water restrictions
Canberra and Queanbeyan residents have been spared Stage 4 water restrictions again, following an announcement from ACTEW Corporation Managing Director Michael Costello.
Housing approvals fall again for May
May’s housing approval figures revealed building approvals dropped by 5.6 per cent. Detached house approvals also fell by 3.5 per cent to a level of 8,670. Apartment approvals were down by 10.6 per cent to...
MBA says increased housing supply is the key
Master Builders Australia believes the ALP’s New Directions for Affordable Housing has confirmed that one of the major policy challenges is increased supply.
ALP proposes scheme for first-home buyers
The Federal Opposition Party has proposed a superannuation-style scheme which is designed to help young people save a first-home deposit.