|July 2008||News Article|
Approvals fall so housing shortages to worsen
Building approvals weakened further in June, following a big drop in May, to reach their lowest level since the end of 2006, according to Australian Bureau of Statistics figures released today (30 July 2008).
Sales up in June but flat for 2008-07-28
New home sales increased moderately in June but were effectively flat over the first half of 2008.
Axe first-home duty, ACT Opposition says
The ACT Government should axe stamp duty for first-home buyers, according to the ACT Opposition.
ACT has highest first-home costs, report says
The ACT had the highest costs for first-home buyers, according to an Australian Bureau of Statistics report made public today (24 July 2008).
More young people staying with parents
The number of young Australians living at home is on the rise.
ACT builders infuriated at new planning system
Builders are finding that the new ACT planning system is making things worse, not better as promised, according to the Housing Industry Association.
Hope on interest rates
Interest rates will fall even if inflation is in the higher range of the Reserve Bank’s target range, the bank’s governor, Glenn Stevens, hinted today (16 July 2008).
Banks need more competition, HIA says
The big banks need more competition, according to the Housing Industry Association.
ACT exceeds land release target
The ACT Government has exceeded its 3,200 land release target for 2007-08 by releasing 3,400 blocks of land through its various estates, joint ventures and englobo releases.
Home lending for owner occupier housing weakens
Loans for new homes, to construct homes and to buy existing homes fell in May, according to Australian Bureau of Statistics figures released today (9 July 2008).
Fall in new home sales
New home sales fell in May following a steady month in April.
Interest rates on hold with mixed messages
The Reserve Bank left the cash interest rate at 7.25 percent at its board meeting today (1 July) after mixed economic messages since its last meeting.