Higher Rates Slam New Home Sales
The impact of the May 2006 interest rate increase is hitting hard, sending new home sales to a 17 month low.

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  Second Rate Rise Stings Homebuyers And Renters - HIA
Today’s move by the Reserve Bank to raise official interest rates for the second time in three months is likely to be the tipping point for Australia’s homebuyers and renters.

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  Fall in house approvals as industry continues to struggle
A small rise in total dwelling approvals in June masks a disappointing fall in private sector house approvals, according to Master Builders Australia the peak body for the building and construction industry.

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Rate Rise Puts Spotlight on States
Australia’s peak building and construction group, Master Builders Australia has expressed serious concern at today’s Reserve Bank decision to lift interest rates by a further 0.25 per cent, warning that it risks deepening the housing downturn, particularly on the eastern seaboard.

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Housing Affordability Low on List of RBA Considerations
The Reserve Bank has ignored a responsibility to consider housing affordability when making this week's decision to lift interest rates, according to a peak property body.

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Property Council Fair Contracting Principles Released
The principles deal with the relationship between owners and contractors, such as cleaning or security companies, in relation to the treatment of the contractor's staff.

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Demolition begins on key piece of Australian architectural history
Demolition of the iconic Cameron Offices building in Canberra must cease immediately or Australia will suffer another irreparable and major loss of its cultural and built history on a scale which is totally inappropriate in the modern world, the Royal Australian Institute of Architects (RAIA) said today.

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