|March 2008||News Article|
Canberra house price record falls
The record price for a Canberra house of $4,075,000 was broken at the weekend (29-30 March 2008).
ACT to move on landlords
The ACT Government is set to outlaw rent bidding and to make it more difficult for landlords to evict tenants on false pretences so they can get higher rent with a new tenant.
Canberra rents now nation's highest
At $440 a week, average rents in Canberra have become the highest in the nation, according RP Data, a property information service.
Housing starts still well behind demand
Housing construction remains well below demand, according to Australian Bureau of Statistics released today (19 March 2008).
Inner south prices continue to rise in Canberra
Prices in the inner south in Canberra are continuing to boom.
House prices up 400% while income goes up 120%
Incomes have not kept up with house prices in the past 20 years, ending for many the great Australian dream of home ownership.
Worst is over for interest rates
Experts are predicting today (13 March 2008) that there will be no more interest rate rises after a large fall in consumer confidence.
Rate rises stifle new home building
Lending for new dwellings for January 2008 were down 4.9 per cent on the previous period, the seventh consecutive fall, according to Australian Bureau of Statistics figures released today (11 March 2008).
New home sales soar in January
New home sales rose strongly in the first month of 2008 thanks to a continuation of the resources boom in Western Australia and Queensland.
New affordability group formed as interest rates rise
Eight organisations formed an alliance this week (week ends 8 March 2008) to tackle housing affordability.
Reserve wrong on rates: business body
The Reserve Bank has got it wrong on interest rates, according to a study by the Australian Industry Group.
Mortgage stress soaring: Govt figures
More than a million low- to middle-income households are in mortgage stress, according to research by the National Centre for Economic Modelling, commissioned by the Government.
Canberra sellers moving to auctions
The rate of auctions for residential property has grown by 6 per cent to nearly 20 per cent in the past two years.