Housing loans tighten tests raise Canberra fears
Real estate agents in Canberra report that housing loans are being approved only when the combined value of the house and lease falls under 30000. They say the tightened needs test began about 10 days ago, with mortgage refusals affecting first time buyers and raising costs. Officials acknowledge unclear guidance but say the test considers assets, house value, deposit level, and income to judge loan eligibility, akin to banking standards.
MENTIONED IN THIS ARTICLE
Canberra
Department of the Capital Territory
Real Estate Institute of the
John Tanner
Tenner
Belconnen
Capital Territory
Enderby
Nixon pleads innocence in nationwide TV address
President Nixon, in a national televised address, proclaimed his innocence in the Watergate scandal and warned against further attacks on his administration. He said the administration was paralyzed by the probe and urged pursuance of domestic and international goals. Reaction to the speech was muted, with observers noting it added little to known facts.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Presiden
Robert Strauss
No large increase in leases under new ACT system
A spokesman for the Department of the Capital Territory said 259 residential leases remained offered this month while the National Capital Development Commission expected more by mid September. In March 470 leases were sold, many at card prices. Minister Begin announced auctions for August and September, pending a decision on a new allocation method with no details released.
MENTIONED IN THIS ARTICLE
Department of the
Capital Territory
Mumber
M Begun
Hearing adjourned in teacher DUI case
The charge against 40 year old teacher Clive Edgar Bondfield of Higgins was adjourned after a Breathalyzer reading questioned. Bondfield faced speeding and driving under the influence on May 30. His solicitor challenged the Breathalyzer officer’s qualifications, pending Supreme Court orders.
MENTIONED IN THIS ARTICLE
Nwo
Clive Edgar Bondfield
O'Hara Place
Higgins
Motor cyclist killed in Canberra suburb collision
Mr David John Walker aged 16 of Pridham Street Farrer died when his motorcycle struck a stationary vehicle in Spafford Crescent Farrer. A witness described the fatal moment last night.
MENTIONED IN THIS ARTICLE
David John Walker
Pridham Street
Farrer
Spafford Crescent
Bread price lift in ACT as government gazette cites rise
The Australian Government Gazette notes higher bread prices in the ACT after a six week industry review. Deputy price controller Mr McFarland says increases reflect costs, not industry requests, with wraps and milk loaves also affected and some firms able to justify boosts under the Prices Regulation Ordinance. Manufacturers declined to comment.
MENTIONED IN THIS ARTICLE
Mr McFarland
Act
Capital Territory
Enderby
McFarland
Austra- Ssewige Hala
Dallas
First genuine attempt at night court in Canberra
Last night's first night sting of the Canberra Court of Petty Sessions was described by the magistrate Mr Bain as the frat genuine attempt. The sitting lasted three hours from 6:30 pm to 9:30 pm with seven charges against four defendants. McDaniel said success would depend on the legal profession's response, noting early enthusiasm was lacking. The premise was to let people attend after work without time off, with no fixed schedule for future night courts as timing depends on solicitors, clients, and police. A pattern may form, possibly setting aside certain days weekly.
MENTIONED IN THIS ARTICLE
Canber Court of Petty Sessions
Bain ‘Sm
Tralia
Last High
Mc Danier
Australian car makers urged to improve rust resistance
Dr Patterson urged Australian manufacturers to design cars with better rust resistance and to focus on long term durability rather than rapid turnover. He cited coastal salt exposure and the lack of adequate research on corrosion costs, noting potential damages running into billions.
MENTIONED IN THIS ARTICLE
Patterson
Canberra
Son
Heaid
Exhibition on used cars opens today in ACT
The chairman of the Consumer Affairs Council for the ACT, Mr M Vernon, will open today an exhibition and demonstration on the buying of used motor vehicles. The display will be at the centre in Moor North Budi Civic offices and will cover vehicle selection and purchase tips.
MENTIONED IN THIS ARTICLE
Consumer Affairs Council For the Act
M. Vernon
Late News Mid East Airliner Attacked Beret
Fragmentary report describes an attack on an airliner in the mid east region. Details are unclear with names and locations obscured in the OCR text. Local authorities investigate possible involvement and safety measures are being reviewed.
MENTIONED IN THIS ARTICLE
Beret
Thutas
Canberra soccer super team dinner set for next week
Canberra's renowned "super team" plans a dinner at a city restaurant to celebrate Prem 1 success. Reported confusion and garbled names accompany the note, but the event appears linked to the club and its coach amid mixed details.
MENTIONED IN THIS ARTICLE
Canberra
2 City
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