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August 2003 News Article
31 August Steady growth for property market
The Sydney property market continued to experience steady growth, especially in the housing sector, but is showing increasing signs of a slowdown in CBD and inner suburban apartments, according to residential property services group McGrath Estate...
28 August Burnie Court site up for auction
The first of five blocks from the old Burnie Court site will go to auction in November, Housing Minister Bill Wood announced today (Aug 28).
26 August Stromlo could have 28,500 homes
Housing development in the Molonglo Valley to replace the burnt out pine forest is part of a new plan for Canberra made public today (Aug 26).
21 August Private market drives up public rents
Public housing rents in the ACT will rise by an average 11.7 per cent from 19 October.
19 August New community planning forums
Seven new Community Planning Forums would be established across Canberra to advise the Minister for Planning and the ACT Planning and Land Authority on strategic planning matters, Planning Minister Simon Corbell said today (Aug 19).
18 August Property taxes under fire as ACT Budget improves
The ACT Government’s Budget is in good shape following a windfall $40 million extra in stamp duty collections and an extra $12 million in pay roll taxes.
13 August Govt land auction shows market is easing
Prices fetched today for undeveloped land in North Watson, East O’Malley and Harrison 1 show that property prices are levelling.
11 August Reserve warns of debt-driven recession
The Reserve Bank warned today (Aug 11) that increasing household debt is unsustainable and could trigger a recession.
8 August First home buyers being squeezed as boom continues
Financing for first home-buyers has fallen to a record low proportion of total money lent, according to figures issued today (Aug 8) by the Australian Bureau of Statistics.
7 August ACT building approvals down
Dwelling approvals fell in the June quarter, according to Australian Bureau of Statistics figures issued today (Aug 6).
6 August Reserve continues to hold rates
The Reserve Bank announced today (Aug 6) that interest rates would be left on hold.
2 August Inquiry into high cost of home ownership
The Productivity Commission is to inquire into housing affordability, Prime Minister John Howard and Treasurer Peter Costello announced today (Aug 2).