|December 2003||News Article|
National Authority says no to rural houses
The National Capital Authority rejected today (Dec 19) ACT Government plans to expand rural villages in Canberra’s bushfire-damaged areas.
Neighbours role in development process to be reviewed
An independent assessment of community involvement in the planning process will begin soon.
Abolish stamp duty, Productivity Commission says
Stamp duty should be abolished because it is an inefficient tax, the Productivity Commission said today (Dec18).
ACT house construction off the boil
The total number of dwelling units commenced rose 14.0% in the September quarter to 44,792, according to Australian Bureau of Statistics figures issued today (Dec 16). Seasonally adjusted it was a 5.5 per cent increase. The...
Prices softening before rates rises
The housing market was softening before the two recent interest rate rises, according to September quarter 2003 figures released today (Dec 15) by the Real Estate Institute of Australia.
Gungahlin’s main street finished
The Gungahlin Town Centre, the street based urban village and the first Town Centre to be constructed by the ACT Government, will today celebrate the completion of its main street, Hibberson Street.
O’Malley residential proposal contracts
The ACT Government has put 66 of the original 90-hectare East O’Malley residential site into nature reserve.
Home-loan affordability lowest for 8 years
Home loan affordability is at its lowest since September 1995, according to the AMP Banking/Real Estate Institute of Australia Home Loan Affordability Indicator released today (Dec 9).
Reserve denies property boom caused interest rise
“Despite our best endeavours to explain ourselves, a number of people think that the Bank tightened to cool down the property market,’ he said. “In fact, I have more than once received unsolicited advice that it...
Most land for a decade, Labor says
Land supply in the ACT is now higher than in the 1990s, according to Planning Minister Simon Corbell.
Interest rates to rise another 0.25 per cent
Interest rates will rise 0.25 per cent to 5.25 per cent, the Reserve Bank announced today (Dec 3).
Reserve Bank attacked over interest rise
A buoyant property market which had begun to stabilise through market forces is being jeopardized by over reaction from the Reserve Bank, according to REIA president Kareena Ballard.
Building approvals continue upwards
Building approvals for houses and units increased again in October, according to figures released by the Australian Bureau of Statistics today (Dec 2).