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Australia's housing affordability crisis is set to worsen if steps are taken to reduce the attractiveness of tax concessions on investment properties, according to property research consultancy Matusik Property Insights.......
Figures released today show that residential construction failed to grow at all in the September quarter. Low affordability stifled any hope of a sustained recovery for home building, according to the Housing Industry Association.......
The Reserve Bank's decision today to raise official interest rates for the third time in six months has been criticised by the Housing Industry Association, which claims it will only inflict more pain on Australia's housing industry.......
The Australian Bureau of Statistics [ABS] report show a lack of new housing and tight rental markets have put a floor under Australian house prices, according to the Housing Industry Association (HIA).......
The seasonally adjusted estimate of building work done rose 3.9% in the June quarter 2006, to $14,973.8m. Residential building rose 2.7% to $9,140.2m. Non-residential building rose 5.8% to $5,833.5m. Total construction work done rose 3.6% to $25,582.......
Property and funds management group Cromwell Corporation Limited plans to develop a new $400 million office and retail precinct in Bundall on the Gold Coast over the next five to seven years.......
The Reserve Bank of Australia [RBA] has raised the official interest rate by 0.25%, to 6% citing strong economic activity and the need to contain inflation.......
More than 10,000 competitors will converge on the Gold Coast for the 2006 Pan Pacific Masters Games in three months' time, strengthening the city's bid to become Australia's events capital.......
Australia remains the most transparent country in the world in terms of real estate investment, while Japan and India have improved transparency considerably over the last two years, according to Jones Lang LaSalle's 2006 Real Estate Transparency Index.......
Housing prices have rebounded giving credence to suggestions that the housing sector has improved again with earlier than expected further growth.......