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Building approvals increase 1.6% to 16,264 units in October: ABS

... 1.6 per cent to 16,264 units, the Australian Bureau of Statistics (ABS) said today. Building approvals for private sector houses during October was 10,521, which is a rise of 9.2% compared with October 1002. Total dwelling units approved for building ...

RBA takes aim at property tax breaks

AAP | MONDAY, 17 NOV 2003

... Australia. In its submission to the Productivity Commission's home ownership inquiry, the bank dismissed a shortage of houses or land as the reason house prices had more than doubled over the past 10 years. It said stamp duty and other taxes had not ...

RBA decision takes economists by surprise

... Australian housing sector is heading towards a point where construction of new dwellings will exceed the actual need for houses by Australians."

Building approvals strong: ABS

AAP | FRIDAY, 31 OCT 2003

... level in a year, with Victoria, the ACT and the Northern Territory all recording large increases. Approvals for stand-alone houses rose 3.2 per cent in September, allowing for seasonal factors, to be 9.3 per cent higher than the same time last year. ...

Building activity falls: ABS

AAP | MONDAY, 13 OCT 2003

... year. New home building fell 3.3 per cent for the three-month period, allowing for seasonal factors. Construction of new houses was down 5.6 per cent while apartments rose 1.3 per cent to a record high. The value of work for alterations and additions ...

Construction of houses during August increases 2.1%: ABS

The Australian Bureau of Statistics (ABS) has today revealed a 2.1 per cent increase in the number of houses being constructed or bought to 58,741 during the month of August as compared to July. The ABS said the construction of new dwellings during ...

Morning market wrap: US stocks regain lost ground

... disappointing payrolls report, with markets buoyed overnight by a series of positive recommendations from US brokerage houses. IBM and drugmaker Merck & Co. were among stocks to earn upgraded recommendations from stockbroking analysts, while Nortel Networks ...

Building approvals rise 2.1% for July: ABS

... year, the Australian Bureau of Statistics (ABS) said today. The Bureau also said that the approvals for private sectors houses dipped 1% from June to July to 10,271, but rose 3.5% for the year. There were rises in Victoria (7.3%), Queensland (12.6%) ...

Government will keep negative gearing: Costello

WITH AAP | WEDNESDAY, 30 JUL 2003

... what it's actually doing is making housing available for tenants," he said. "If you stop that, there will be less tenanted houses around and rents will go up." Mr Costello yesterday said state governments could make housing more affordable for first ...

Building approvals rise 6.2% in June: ABS

... upwardly revised 13,757 units in May, the Australian Bureau of Statistics (ABS) has reported. This puts the number of new houses in the pipeline at a 10-month high, despite it being the hardest time for new homebuyers to enter the market in 13 years. ...

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ASX launches first Australian bond and credit index futures

VINNY VUCAGO

ASX has launched Australia's first exchange traded bond and credit index futures, giving institutional investors a new way to manage exposure to the domestic fixed income market.

Second bidder emerges for Equity Trustees

MATTHEW WAI

Following TPG Global's initial bid for Equity Trustees' holding company last week, a local investor has joined with an improved offer.

HESTA reduces fees, minimum balance for income stream

MATTHEW WAI

HESTA will reduce administration fees and lower the minimum balance required to start an income stream account from September 30.

AMP North appoints head of strategic growth

RIDDHIMA TALWANI

AMP North has appointed Emma Kirk as head of strategic growth, marking her return to the financial services giant after two decades.

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