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The Australian residential property market is the section of the Australian property market that provides rental properties by landlords to tenants. In Australia 31% of households rent their residences. [1] The vast majority rent from private landlords, and a small minority rent from public housing authorities.
The property prices are soaring in major cities like Sydney, Melbourne, Adelaide, Perth, Brisbane and Hobart. [3] The median house price in Sydney peaked at $780,000 in 2016. [4] However, with stricter credit policy and reduced interest from foreign investors in residential property, prices have started falling in all the major cities.
Mile End is an inner western suburb of Adelaide, located in the City of West Torrens, around 2 kilometres from the Adelaide city centre. It has a census area population of 4,413 people (2011). Much of the suburb is residential, but there are small commercial areas along Henley Beach Road and South Road.
This article does not include suburbs and localities within the Adelaide Hills region. Adelaide's most expensive properties, in terms of sales prices, are mainly located in the inner northern, eastern and southern suburbs, largely because of their proximity to the city centre and private schools, and the array of historic homes within them.
This list includes any stately home, historic house, museum or other property in the care of the autonomous state and territory branches of the National Trust of Australia. Many, but not all, of these are open to the public.
1999: Property sale proceeds subject to Capital Gains Tax reduced from 100 to 50 per cent (for property held at least one year), while 100 per cent of costs remained deductible. 2000: July - The Federal government introduces the First Home Owners Grant of $7,000 for established homes, and $14,000 for newly built homes.
According to the 2006 census, Australia's public housing stock consisted of some 304,000 dwellings out of a total housing stock of more than 7.1 million dwellings, or 4.2% of all housing stock [3] (compared with 20% in Denmark, 46% "low rent housing" in France and 50% public housing in the UK at peak). [citation needed]
Western Adelaide occupies the area in the Adelaide metropolitan area located to the north-west of the Adelaide city centre and consists of the following local government areas: the City of Charles Sturt, the City of West Torrens and the western half of the City of Port Adelaide Enfield. [24] [13]