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August 2006 News Article
31 August Higher rates dampens new home sales
The sale of new homes and units among Australia’s largest builders and developers fell by 3.6 per cent in July to 7,507 dwellings – the fourth consecutive monthly decline, according to the Housing Industry Association’s New...
30 August Housing continues to defy doom predictions
The value of residential construction rose modestly in the June 2006 quarter, according to Australian Bureau of Statistics figures released today (30 August 06).
28 August Home owners should be wary of equity loans
Eviction orders against defaulting homeowners have surged in NSW, many because of equity loans.
24 August House prices go up
The price of established houses rose 3.1 per cent in the June quarter, the Australian Bureau of Statistics said today (24 Aug 06).
23 August ACT homeowners hit by indexing stunt
ACT residents will be forced to pay an extra $19.3 million in the forward years up to 2009-10 because of the Government's decision to calculate future increases to rates, taxes and charges with the Wage Price...
23 August Not so hard to buy a house
Housing affordability isn't much worse now than at the height of the interest rate spike in 1989, according to Housing Industry Association figures made public today (23 Aug 06).
21 August PM blames states for housing horrors
The states were responsible for making home ownership a diminishing dream, according to Prime Minister John Howard.
21 August Record price fetched in Ainslie
A house in Ainslie fetched a record $927,500 at a weekend (20-21 Aug 06)auction.It beat the previous record by $79,500, set two months ago.
18 August Rates likely to rise, Reserve Governor says
INTEREST rates are likely to rise again in the coming months, according to the Governor of the Reserve Bank, Ian Macfarlane.
17 August Stefaniak calls for tax-deductible mortgages
Mortgages interest payments on the principal residence should be tax deducible according to the Leader of the ACT Opposition, Bill Stefaniak.
14 August Costello blames states over housing
Restrictive land releases by the states have forced the price of new houses up, according to Treasurer Peter Costello.
14 August First rates slug comes tomorrow
The first wave of rates payments under the new post-Budget regime of higher rates, increased fees and new charges are due for payment tomorrow (15 August 06), according to the Deputy Leader of the Opposition, Richard...
10 August First-home buyers struggle with higher rates
Home lending for owner occupiers rose slightly in June, but construction continued to struggle and first-home buyers slipped back further, even before the effects of higher interest rates fully impact the housing sector, according to housing...
10 August Confusion over impact of Budget on households
ACT Government officials are confused over the real impact that the 2006-07 Budget's new levies and charges will have on ACT households, according the Deputy Leader of the Opposition, Richard Mulcahy.
8 August Research well-schooled in location theory
Research made public today (8 August 2006) shows that the “location, location, location” law of real estate remains true.
7 August Govt to feel the pinch as activity slows
Government revenue is expected to take a dive a turnover slows in the property market following last week’s interest rate rise.
7 August DYI can help avoid dodgy building work
Buyers should do a little building investigation of their own because they cannot afford to have an independent building report done on every property they look at, according to an article published today (7 August 06).
4 August Major banks lift rates, another rise on the way
The Commonwealth Bank of Australia joined Westpac and the National Australia Bank in lifting their residential variable interest rates today (4 Aug 06) by 0.25 per cent.
2 August Interest rate rise to hit households
Interest rates will go up a quarter of one per cent today (2 Aug 06) after the Reserve Bank of Australia decided to lift the official cash rate to 6.00 per cent.
2 August Homebuyers and renters stung by rate increase
Today’s (2 Aug 06) interest rate rise is likely to be the tipping point for Australia’s homebuyers and renters, according to the Housing Industry Association.