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September 2007 News Article
28 September Rate rise unlikely, economists say
An interest rate rise before the election is unlikely because of the global credit market uncertainty, according to a survey of economists published today (28 September 2007).
28 September NSW housing starts at record low
Housing starts in NSW have fallen to their lowest level on record.
25 September Earnings wallow way behind property increases
Small wonder young people find it hard to get into their first home. The longer they save for a deposit the more the price of the dream home goes up and beyond reach.
23 September Landlords’ life to be made easier in NSW
Landlords will have things easier under proposed changes in NSW aimed at encouraging more housing investment to ease rental markets.
20 September New home sales dip sharply
New home sales fell 8.6 per cent in August, according to the Housing Industry Associations New Home Sales report released today (20 September 2007).
18 September Credit cards mask mortgage stress
A reliance on credit cards is masking the level of mortgage stress in the housing market.
17 September Feds should regulate lenders: MPs say
The Federal Government should regulate mortgage brokers and non-bank lenders, a parliamentary committee recommended today (17 September 2007).
16 September Youth is into property market
Young people are hopping into the property market with great success, despite all the gloom about young people not being able to get their first home.
16 September Call for better Government green-housing policies
The Royal Australian Institute of Architects (RAIA) is calling for all levels of Government to introduce policy to accelerate energy efficient design and technology to achieve greenhouse gas reductions of up to 70 per cent by...
14 September ACT new housing starts skyrocket
The ACT performed strongly in June quarter 2007 housing starts figures released yesterday (13 September 2007) by the Australian Bureau of Statistics. Unlike most other States and Territories, Canberra had a large increase in housing...
13 September ACT again spared further water restrictions
Canberra and Queanbeyan residents have once again been spared further water restrictions after Actew announced yesterday (12 September 2007) Stage 3 would remain in place.
13 September Master Builders releases IR blueprint
Master Builders Australia has called for the permanent retention of the Office of the Australian Building and Construction Commissioner (ABCC) in the release of its National Workplace Relations Blueprint today (13 September 2007).
11 September Public lunch on future vision for Canberra
The Property Council of Australia (ACT) has announced today (11 September 2007) that it is holding a public ACT Division Lunch where ACT Planning Minister, Andrew Barr will shed light on his vision for Canberra.
11 September Master Builders ACT says RBA should think on monetary policy
The latest Australian Bureau of Statistics Housing Finance figures is proof the Reserve Bank should move cautiously with respect to further tightening of monetary policy, according to the Master Builders Association of the ACT.
10 September Housing finance approvals fall again
Housing finance approvals fell 4.1 per cent in July before the August interest rate rise, Master Builders Australia said today (10 September 2007).
10 September Construction loans still in historical decline
Construction loans are still in the longest decline in history, the Housing Industry Association said today (10 September 2007).
7 September Despair for home buyers as prices rise
An imbalance between housing supply and demand have pushed property prices up in Canberra, Sydney, Melbourne, Adelaide, Darwin and Hobart, according to the June quarter edition of the Mortgage Choice/Real Estate Institute of Australia Real Estate...
6 September RBA holds interest rates
The Reserve Bank of Australia left interest rates on hold yesterday (5 September 2007) to the relief of homebuyers.
6 September Eight homes on display for Sustainable House Day 2007
Eight homes in the ACT and surrounding region will be on display to the public this weekend (starting 8 September 2007) as part of Sustainable House Day.
5 September Property price rise destroying the “great Australian dream”
Residential property prices have grown nearly seven per cent during the first six months of 2007, according to the latest RP Data released recently (3 September 2007).
4 September Poor start to building approvals for 2007/08 financial year
Building approvals for the start of the new financial year were low according to housing figures released yesterday (3 September 2007).
4 September New ACT housing policy plan gets mixed emotions
The new ACT Government policy designed to tackle housing affordability has been met with mixed emotions from industry professionals.
2 September NSW removes mortgage duty
NSW abolished the stamp duty on mortgages today (1 September 2007). It will save $1000 on a mortgage of $300,000 and $2000 on a mortgage of $2000.
2 September Postage stamp blocks for the ACT
The ACT Government is to permit block sizes as small as 250 square metres in Canberra’s new estates as a way of making housing more affordable.