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DavidEnaro
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Post by DavidEnaro » Mon Jun 01, 2020 2:42 pm

Mine industry boom blamed for higher valuations in Sydney's housing market

There have been signs the price rises are spreading to other areas of the city, with Sydney's median house price for the 12-month period ending in June 2013 rising by more than 7 per cent.

The median price for all of the suburbs of Sydney, which include the eastern suburbs of Coburg, North Ballarat, Parramatta and Mount Druitt rising by 14.2 per cent and 14.7 per cent, respectively, over the same period.

The rise in the prices in other areas is also likely to be related to the boom in the city's housing market, experts said.

"While the boom has obviously boosted demand in the areas that are seeing the rising prices, there's also been a growth in demand for new houses within the inner and outer suburbs," said Chris Chappell, head of property research at Macquarie Bank.

"These areas have not only seen the house price increases due to the boom, but are also adding demand for new houses which are coming down market value due to inflation, higher interest rates and other factors."

At a time when Sydney's property prices are at all-time highs and are expected to rise further, there is pressure on politicians to tackle the city's affordability crisis.

The Coalition is facing widespread criticism for continuing to build new homes without providing more tax breaks for property owners.

Some experts are arguing the government's focus is on house building rather than affordable housing.

"House prices are the driving factor driving this. They are the single largest driver of housing affordability in Sydney. The supply of houses is very limited at this point," said Professor Dermot Taylor, an economist at CSIRO.

"The longer the government takes with building new homes, the less pressure there is on the market for that particular type of property."

New houses: NSW, AUSTRALIA and QLD go up the fastest as house price rises keep pace with housing crisis Read more

In its latest housing affordability report, released on Thursday, NSW also put pressure on the government to act.

As the Sydney property market has soared, the state's housing affordability crisis has deepened, the report said, with more people losing homes and more affordable apartments, many of which are in high-income areas with higher rents.

And those in that high-risk section of the city have less incentive to pay the rent if the cost of moving to the city increases.

The report said many of those people were paying higher rental rates.

"Those who are being priced out of their homes are either unwilling or unable to pay the rising costs of moving to Sydney... or else have found an option that allows them t
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Nt seeks clarification over ministers illegal actions, as many are still unaware that the government is in violation of the constitution. —

The Government of Ukraine and the Government of Moldova have today decided to implement in full the legislation of December 16, 2017 in the areas of administrative detention and detention without legal status.

Both parties said that the government's action will only be affected by legal developments and will continue until such legal developments are addressed. —

The Ministers will be obliged to present documents of their activities relating to the activities of the parties concerned within 30 days of their signing of the document.

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Background

A new law was passed in the Senate on December 8, 2017. It requires the Ukrainian Ministry of the Interior to file on April 6 a request to initiate the deportation of Moldova's leaders – Moldovan Prime Minister Andrius Sergievich Yanku and European Parliament President Martin Schulz – and two other Moldovan officials. The new law was adopted by unanimous vote in the Senate.

The two ministers mentioned above have a legal status – official and non-official.

The Ukrainian Constitutional Court ruled that the government in a matter of criminal case may seek legal status – official status, meaning they cannot be deported – at any time, but must first present to the Constitutional Court's Special Rapporteur on Ukraine at least ten weeks' notice.

The Law of August 24, 1991 provided that an illegal act committed by a public official is treated as an offense for purposes of criminal liability if the public official involved had the opportunity to be heard and that means that a legal opinion of the Constitutional Court must be made before any act can be reported to the court for prosecution.

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Procedure

In the case of a member of Parliament, a non-member official of the government, a member of the Cabinet or a governor may initiate a request for detention of members of the same party with whom he/she is affiliated if they are responsible for crimes punishable under the Criminal Code of 2011 or its sub-sections, criminal libel and treason. In particular, members of a government department or of the State Administration responsible for public order may initiate such requests by their own bodies as the situation demands. The member of parliament must not be present at the request's being submitted to the authorities in case of his/her own involvement, and must agree to it on behalf of all party members on his/her own body unless the proposal is submitted by a private person.

The court order may only be entered in writing. It must be submitted at the request of the government. A proposal to start the expulsion of a member of the opposition can only be initiated by the government, however, no other group or official will be able to participate in such

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