This outcome is to be expected and reflects the characteristics of these markets with New South Wales having the most expensive property market and Tasmania the most affordable.
Mine owner BHP Billiton welcomed the approval of the mine's consolidation project, which is expected to generate more than $600 million of annual economic activity for the local economy.
Real Estate Institute quarterly figures show the rental vacancy rate in Sydney was 1.2 per cent in May.
Each week NSW needs to find homes for more than 2000 extra people, yet only about 630 residences are built in that time.
But the Hunter Valley Research Foundation (HVRF) warned that growth could stall due to levelling interest rates and poor affordability for first home buyers.
REINSW believes this will be a major NSW election issue in 2011.
A rezoning application for the Hunters New town development, made public by the Development of Planning yesterday.
REINSW believes this will be a major NSW election issue in 2011.
Real Estate Institute quarterly figures show the rental vacancy rate in Sydney was 1.2 per cent in May.
HVRF figures showed that in the year to March, house prices rose substantially for the first time since 2003, to a median of $355,000.
The Newcastle Herald has been told of garages being converted into two bedrooms returning $300 a week.
The project, costing $5 million will address low pressure issues faced by some residents and cater for the area's growing population by boosting the capacity of mains distributing water between storage reservoirs.
The National Housing Supply Council (NHSC) says the current gap between housing demand and supply has grown by 100,000 in the last 12 months and warns that Australia must build 300,000 new properties by 2014 to close the gap.