Australian Real Estate and Property
August 2010

Australian Election Result Hinges On 3 Independants

Australian Election Result Hinges On 3 Independants

August 28, 2010 by · Leave a Comment 

A new poll shows an overwhelming number of voters in the seats of the three rural independent MPs want them to support the Coalition.

Independent MPs Tony Windsor, Rob Oakeshott and Bob Katter are expected to hold the balance of power in a hung parliament and have put a set of demands to the major parties as they consider which side to support.

The Newspoll published in The Weekend Australian newspaper shows (more…)

Sydney residential rental vacancies rise

Sydney residential rental vacancies rise

August 28, 2010 by · 1 Comment 

THE number of available rental properties in Sydney rose to a near 12-month high during July, figures from the Real Estate Institute of NSW (REINSW) show.

But the number available fell slightly in Newcastle and remained almost unchanged in Wollongong. (more…)

Australian home loans a bridge too far

Australian home loans a bridge too far

August 28, 2010 by · Leave a Comment 

BANKS are denying funds to homeowners looking to upgrade and move into a bigger home.

The hardline stance is curtailing Sydney’s already lacklustre property market by delaying home purchases and forcing homeowners to sell their homes before buying a new one.

Industry experts said lenders were increasingly blocking homeowners from bridging finance – intermediate loans that finance the purchase of a new property while existing property is sold. (more…)

Mortgage Choice Australia net profit falls in 2010

Mortgage Choice Australia net profit falls in 2010

August 27, 2010 by · Leave a Comment 

Finance broker Mortgage Choice Ltd has posted a fall in annual profit and sounded a warning about the effects of housing under-supply and affordability on the housing market.

Mortgage Choice reported a net profit after tax of $23.479 million in 2009/10, down 12.5 per cent from $26.849 million in the prior year.

On a cash basis, Mortgage Choice said annual net profit was $14.8 million, up from $13 million in 2008/09. (more…)

Australian construction is firm, no rate rise likely in Sept 2010

Australian construction is firm, no rate rise likely in Sept 2010

August 27, 2010 by · Leave a Comment 

A higher than expected construction work result increases the risk of a strong economic growth number next week, economists say.

But the strengthening economy won’t be enough to convince the Reserve Bank of Australia (RBA) to lift interest rates as a series of data releases feeds into the second quarter GDP (gross domestic product) number next Wednesday. (more…)

Southeast Queensland rewrites real estate rules

Southeast Queensland rewrites real estate rules

August 26, 2010 by · Leave a Comment 

A study of real estate in southeast Queensland has found the factors that normally dictate values have a different impact there.

The Local Government Association of Queensland commissioned the landmark study, by the AECgroup, using market information from RP Data and modelling from the University of Queensland, to respond to developers’ claims that council charges were driving up prices. (more…)

Southeast Queensland local councils to seize houses to recover $32 million in unpaid rates

Southeast Queensland local councils to seize houses to recover $32 million in unpaid rates

August 25, 2010 by · Leave a Comment 

Queensland homes are on the line as councils move to recover millions in unpaid rates.

Figures obtained show three of the biggest southeast Queensland councils are currently owed more than $32 million.

Two city councils, Logan and Redland, are considering selling up to 44 homes to recover more than $350,000 in unpaid rates and charges. (more…)

Australian voters wake to political turmoil in Federal election 2010

Australian voters wake to political turmoil in Federal election 2010

August 22, 2010 by · Leave a Comment 

A handful of independents are set to decide Australia’s political future after an inconclusive election delivered what seems certain to be the country’s first hung parliament since World War II.

In a history-making day for Australia, a national primary vote swing of more than 5 per cent against Labor left Julia Gillard fighting to hold onto the prime ministership she took over just two months ago from Kevin Rudd.

Tony Abbott, meanwhile, has declared the Coalition is “back in business”. (more…)

Labor Stands Out As The Best Option To Support The Australian Housing Market

Labor Stands Out As The Best Option To Support The Australian Housing Market

August 20, 2010 by · Leave a Comment 

It is only one day to go until Australians vote in 2010 Federal Government election.

Over the last few days we reviewed the housing market related policies of the major political parties. Based on the information reviewed and recent track record it looks like the Australian Labor Party stands out as the better option to support the housing market

(more…)

Australian Federal Government Election 2010 And The Department Of Housing Issues

Australian Federal Government Election 2010 And The Department Of Housing Issues

August 19, 2010 by · Leave a Comment 

The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Department of Housing issues …

What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens. (more…)

Australian Housing Industry Support And The Federal Government Election 2010

Australian Housing Industry Support And The Federal Government Election 2010

August 19, 2010 by · Leave a Comment 

The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Australian Building and Construction issues …

What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens. (more…)

Australian political parties comment on the impact of regulation on businesses in the building industry in 2010

Australian political parties comment on the impact of regulation on businesses in the building industry in 2010

August 19, 2010 by · Leave a Comment 

The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Regulatory Burden On Business issues …

What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens. (more…)

Australian Housing Industry Taxation and Contracting Issues In 2010

Australian Housing Industry Taxation and Contracting Issues In 2010

August 19, 2010 by · Leave a Comment 

The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Taxation and Contracting issues and the alienation of Personal Services Income (APSI) provisions to professional services businesses…

What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens (more…)

Residential Building Planning Policy And the Australian Federal Government Election 2010

Residential Building Planning Policy And the Australian Federal Government Election 2010

August 19, 2010 by · Leave a Comment 

The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Planning Assessment issues …

What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens. (more…)

Workforce And Skills Shortages In The Australian Building Industry

Workforce And Skills Shortages In The Australian Building Industry

August 19, 2010 by · Leave a Comment 

The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Workforce and Skills issues …

What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens. (more…)

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Australian Real Estate and Property