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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]
A government response to the housing shortage was the 1945 Commonwealth State Housing Agreement, and the Queensland Housing Commission (QHC) was formed that year, tasked with building houses for rent or purchase. By 1959 the QHC had built nearly 23,000 state houses, and about 96,000 state houses were built in Australia between 1945 and 1956.
Australian house prices rose strongly relative to incomes and rents during the late 1990s and early 2000s; however, from 2003 to 2012 the price to income ratio and price to rent ratio both remained fairly steady, with house prices tracking income and rent growth during that decade.
The Act specified the types of houses that could be built, and this had the effect of standardising much of the new housing stock. For instance, houses of the Third Sort were specified as being three storeys plus cellars and garret, with the height of the first floor being 10 ft, the second floor being 8 ft and a half, and so on.
A lower-rise apartment building on the left side of the Avenue of the Americas in Manhattan, juxtaposed next to a skyscraper apartment building. An apartment (American English, Canadian English), flat (British English, Indian English, South African English) [a], or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building ...
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President-elect Donald Trump was sentenced Friday in his New York criminal hush money case. But he has already pledged to appeal.
“The Panama Canal opened for business 110 years ago, and was built at HUGE cost to the United States in lives and treasure,” Trump claimed.
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