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Australian property market. The Australian property market comprises the trade of land and its permanent fixtures located within Australia. The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation, [1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from ...
Australian Property Institute. Logo of the Australian Property Institute. The Australian Property Institute (API) is a professional industry body representing residential, commercial and plant and machinery valuers, analysts, fund managers and property lawyers. The API was originally formed in 1927 as the Commonwealth Institute of Valuers.[1]
History. South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
Website. abs.gov.au. The Australian Bureau of Statistics (ABS) is an Australian Government agency that collects and analyses statistics on economic, population, environmental, and social issues to advise the Australian Government. [5] The bureau's function originated in the Commonwealth Bureau of Census and Statistics, established in 1905, four ...
Statistics. In the 2015–16 Survey of Income and Housing, it was found that an estimated 30% of households owned their homes outright (i.e. without a mortgage) and 37% were owners with a mortgage. A further 25% were renting from a private landlord and 4% were renting from a state or territory housing authority. [ 8]
Australian property law. Australian property law, or property law in Australia, are laws that regulate and prioritise the rights, interests and responsibilities of individuals in relation to "things" (property). These things are forms of "property" or "rights" to possession or ownership of an object. Property law orders or prioritises rights ...
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