|September 2006||News Article|
Reserve alarm at interest-free loans, higher debt
The Reserve Bank expressed alarm this week (week ends 30 September 06) at the number of interest-free loans being given to home-buyers.
Plan to formalise auctions for rental properties
A leading Canberra real estate agent has announced plans to formalise auctions for rental properties.
Clear tress from powerline, Actew warns
People should check that trees are clear of powerlines, Actew warned today (27 September 2006) after a spate of wild weather that resulted in the interruption of electricity supply to over 5,000 homes.
Tenants in bidding wars
The housing shortage and affordability crisis are causing outbreaks of bidding auctions for rental properties in Canberra
Record price for Canberra house
No 18 Mugga Way, Red Hill, has been sold for a record $3.65 million, it was revealed today (23 September 06).
Help for investors in strife
Investors in trouble with rising mortgage repayments can save their investments without repossession, according to PodProperty co-director Jonathan Stambolis.
Housing trends to reverse by 2008
Houses prices will begin to fall in Perth and Darwin and rise again in Canberra and Sydney in 2008, according to Brisbane-based research firm Matusik Property Insights.
Canberra rents highest in nation: REIA
Canberra’s rents are the highest in the country, according to the Real Estate Institute of Australia.
Housing downturn ‘has run its course’
The housing downturn has run its course, according to investment bank Citigroup in a report made public today (18 September 06).
Demographics key to property markets
Property investors needed to know about demographic and social trends to be successful, according to Australian Property Investor editor Eynas Brodie.
New home starts fall, not enough for demand
New home starts declined in the June 2006 quarter, and for the 2005-06 financial year the level was well down on that required to satisfy underlying demand.
Land supply boost will not cut prices: HIA
Fears that increased land supply would cause prices to plummet are unfounded, according to the Housing Industry Association.
First home buyers continue to lose ground
First home buyers are continuing to lose ground in July, according to figures released today (8 Sept 06) by the Australian Bureau of Statistics
Bigger houses, more gadgets, smaller backyards
Australian houses are getting bigger with more gadgets, but the backyard is shrinking, according to a valuer’s report this month (Sept 06).
ACT housing affordability best in the nation
Canberra has the most affordable housing of any capital and it was the only state or territory where it improved over the past year.
Interest rates on hold as economy slows
Interest rates will stay on hold the Reserve Bank announced today (6 September 2006).
ACT firm wins water grant
A Canberra company - Perpetual Water - has been awarded $720,000 to apply its water recycling technology to residential apartment buildings.
Spend a day that might save your house
Householders should spend a day in the garden in early spring cleaning up potential fire hazards.
Units push up building approvals
A jump in approvals of units has boosted overall building approval figures in July.
Stamp duty under fire
High stamp duties imposed by state and territory governments are under fire following a promise by the Queensland Opposition to abolish them if it wins government next Saturday (9 September 06).
Land-tax system under attack
The ACT’s land valuation system (upon which land tax and rates are based) has been attacked the week (week ends 2 September 06) for lacking transparency and causing volatile fluctuations in rates.