Australian Property Updates

Property Information & Real Estate Updates

Property Development

Lack of government action on housing shortage – HIA

Despite the escalating problem of shortage of housing in Australia and the overall decline in the levels of new property development, there appears to be a lack of adequate action on behalf of the government to address these issues. HIA has issued a call to the federal government to implement some strong measures in this regard. Figures released yesterday by ...

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First Home Buyer's Grant needs rework – Builders

The Building Revival Forum scheduled for tomorrow is expected to raise the need for an increase to the first-home owners grant for buyers of new homes in order to revive the dying First Home Buyer market. Industry will also seek a commitment from the State Government to significantly reduce stamp duty for off-the-plan purchase contracts and the introduction of legislation ...

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Housing shortage problem is serious – HIA

Australian economists are appealing to the federal government to take action to resolve the escalating housing shortage problem. The Housing Industry Association’s chief economist Harley Dale said they are anticipating that new housing construction numbers will be down by 15 per cent in 2011, wiping out a most of the short-lived, stimulus of 2010. “The fate of residential building in ...

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Drop in building constrution in November

BUILDING approvals dived 4.2 per cent in November in a reflection of the impact of interest rate rises. Approvals fell 4.2 per cent to 13,158 units in November, seasonally adjusted, from an upwardly revised 13,728 units in October, the Australian Bureau of Statistics (ABS) said today. In the year to November, building approvals were down 9.9 per cent, evidence the ...

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Government Transport Plan devastates 200 homes in Melbourne

Victorian Government announced the updated Victorian $12 billion Transport Plan. The plan includes a metropolitan train tunnel as well as a regional rail link, road tunnel and truck action plan for the gridlocked western suburbs. Shocked residents in areas of Melbourne’s west were left to guessing whether their homes would be snatched in the State Government’s transport blueprint. While the ...

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