Latest Property News
Let’s all plant some trees…
This Sunday is National Tree Day, an opportunity to make a difference. Also in the news this week, the flaws in affordability measures; and how to make sure your bathroom botanicals never go thirsty again…
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Are Australian house prices overvalued?
Simply comparing house prices to income is not the way to measure affordability, according to research from the Economics and Market Research group of the ANZ Bank. As Mark Twain said it, "the reports of my death are greatly exaggerated".
The latest ANZ Australian Housing Update questions international comparisons of house-price-to-income ratios, which have been widely used to suggest that Australian house prices are significantly overvalued.
Trees to the power of three
Three trees are all that's needed to offset the average size home's annual lighting output, according to new information from Planet Ark.
At today's National Tree Day launch, the environmental organisation revealed its aim for this year's event is to plant a million new native trees and shrubs.
Green Star buildings 'explode'
Australia's first carbon neutral office building, Grocon's Pixel building, has been awarded the highest Green Star score ever, with a perfect score of 100, the Green Building Council of Australia (GBCA) announced this week.
The Green Star environmental rating system was launched in 2003, with the first Green Star rating being awarded in 2005 to 8 Brindabella Circuit at the Canberra Airport.
Land sales drop
Sales of residential land sales fell for a second consecutive quarter in March 2010, according to the latest residential land report from the Housing Industry association and property information and analytics provider rpdata.com.
The HIA-rpdata.com Residential Land Report shows the volume of land sales fell in the March 2010 quarter to a level 40 per cent lower than in the March quarter last year.
Fuel fit for a king
While we've found household uses for our waste in composting and grey water systems, across the pond some royal horses are turning their waste into light and heat.
A Ministry of Defence spokesman has announced that manure from the 170 horses in the King's Troop would be made into pellets to generate bio-fuel, the BBC reported recently.
Both the manure and bedding from the stables will be used to generate the sustainable fuel, which the regiment will use when it moves to its new headquarters next year.
Washed and watered
Plants are perhaps the only things we like to have growing in our bathrooms, but they have trouble sometimes when we forget to water them. Luckily, Montreal-based Gau Designs have devised a way to ensure your bathroom botanicals never go un-watered again.
The Zen Garden Sink comprises a polished concrete basin with a small channel leading off to the side where a plant is growing, so every time you wash your hands, runoff water drips along the sloped groove and nourishes your plant.