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August 2008 News Article
29 August New home sales fall
New home sales fell 7.2 percent in July, according to the Housing Industry Association's monthly survey of major builders.
28 August Cuts to public housing spark affordability strife
Cuts to public housing over the past 10 years have been blamed in part for the housing affordability crisis.
22 August Looks and race used as rental screen, research says
Race, looks and marital status are big factors in assessing whether a prospective tenant will get the property, according to the Australian Housing and Urban Research Institute.
19 August Housing shortfall hits 45,000 dwellings
The housing shortfall in Australia will hit 45,000 dwellings in 2008-09, according to a Housing Industry Association report released today (19 August 2008).
17 August No buyers at ACT weekend auctions
The 21 one residential auctions held in the ACT at the weekend failed to get one buyer.
15 August Tiny improvement in affordability
First home buyer housing affordability improved in the June quarter by 0.4 per cent, a tiny bit above a 24-year low.
14 August Aged and homeless target of affordability plan
Affordable housing for older Canberrans on modest incomes and creative measures to tackle homelessness will be the aims of the second stage of the ACT Government's Affordable Housing Action Plan, according to Chief Minister Jon Stanhope.
10 August Housing likely to stay steady, experts say
Housing prices are not likely to see the falls they have in the US, according to the ANZ bank.
8 August Interest rate cut now "imperative"
Soft lending figures released this week (week ends 9 August 2008) make an interest rate cut imperative, according to the Housing Industry Association.
5 August Reserve signals rates to fall soon
The Reserve Bank signalled today (5 August 2008) that interest rates are likely to fall soon.
2 August ACT blocks available over the counter
Residential blocks will be available for sale over the counter from Monday (11 August 2008).
2 August Eight per cent of Canberrans use green power
Eight per cent of ACT energy users now use Greenpower.
1 August Interest rate cuts likely on the way
The Reserve Bank is more likely to cut interest rates falling sharp falls in consumer spending and bank lending.