 New
figures: exit tax a revenue failure
The
State Government's new exit tax looks set to be
a revenue failure, with new figures showing the
tax raised less than one fifth of the Government's
revenue target in July.
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Sydney residents support good property
development: survey
Sydney
residents respect quality, well-designed development
and accept that it is necessary for the future of
the city, but believe Sydney housing is unaffordable,
according to a new survey released today.
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Architects Call For Government Commitment
To The Built Environment
The
Royal Australian Institute of Architects (RAIA)
has called on all political parties to demonstrate
both vision and a greater commitment to the built
environment during the next term of Federal Parliament.
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Treehouses Website Launched
Archicentre,
the building advisory service of the Royal Australian
Institute of Architects, and Frankston City Council
have released a major website to promote a unique
rescue plan for a 100 year old historic Moreton
Bay Fig tree which was threatened by development.
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Strong housing numbers mask The slowdown
Despite
an overall increase in home lending in July, demand
from Australia's new home buyers continues to fall,
signalling a slower year ahead for Australia's home
builders.
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Lending To Housing Investors Well
Off Peak
Demand
among Australia's property investors improved moderately
July, following three consecutive months of decline.
Australia-wide investment lending increased by 3.3
per cent in seasonally adjusted terms, but was nearly
23 per cent off the peak of last October.
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Home Renovation Work Remains High
Despite
a slight easing in total activity, Australians are
still undertaking major renovation work in near
record numbers.
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Home Lending Recovers In July
The
July rise in home lending data largely reflects
a correction of the exaggerated weakness over the
past six months and should not be interpreted as
the beginning of a recovery in the housing market
according to peak building and construction industry
organisation, Master Builders Australia.
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