In this week’s two minute property investment news video: news of new damns in QLD worry residents, Melbourne projected to become Australia’s largest capital city, new rules for properties with swimming pools.
The New South Wales government has extended the deadline for new rules requiring a property with a swimming pool to have a certificate of compliance before it can be sold or leased. The date has been pushed out by a year to the 29th April 2015.
From that date, all properties with a pool or spa pool must have a valid swimming pool certificate before they can be traded or rented.
To Queensland now and according to the state’s Liberal National government, constructing new dams in order to reduce the impact of flooding on the southeast corner is amongst a range of mitigation measures.[sam id=43 codes=’true’]
Premier Campbell Newman said the locations of eight possible new dams have been identified, but tells landowners in those areas not to panic as there’s “…a lot of work that needs to be undertaken before any plans are implemented.”
And finally the Australian Bureau of Statistics says it’s inevitable that Melbourne will pass Sydney as our biggest city if recently analysed data stays the course. According to the ABS, Sydney and Melbourne each grew by almost 1.7 million people between 1973 and 2013, but the overall growth rate for Melbourne was higher.
The ABS says if current trends prevail, Melbourne is projected to overtake Sydney and become Australia’s largest capital city by 2053 . The ABS says if current trends continue, there’ll be 28 million people living in the county’s capital cities in 2053.