Real estate

Real Estate Inquiry Needed

He stressed that the government is yet to implement the recommendations from a report put out a decade ago.

Ain said the urban Real Estate and Housing Industry has been a grave concern for the ICCC.

He made these remarks at the launch of the ICCC’s housing Policy on Friday.

ICCC on rental prices

While acknowledging this, the Independent Consumer and Competition Commission (ICCC) Commissioner, Paul Ain, highlights that there are a number of reports that the government has released, the recent being in 2010.

The Commissioner points out that the 2010 “Housing and Real-estate review” recommended for a guiding code to be developed to regulate the market.

Meantime, Ain says the Code is with Treasury, with the challenge now to recognise which agency will implement the code.

Housing policy reform team established

Minister John Kaupa said the reform will allow for the rental ceiling for National Housing Corporation to be increased to realistic levels.

The Minister told parliament that the housing policy is outdated.

“As a government we must cater for all.”

Kaupa said the ceiling, which was around during the colonial times, was around K7.50 to K128 to K200.

“This is not enough to maintain all the existing properties of the NHC,” said the Minister.

He has directed for the establishment of housing policy reform team, which will lead to the overhaul of the policy.

Housing expert to speak at POM expo

This is one of the key messages to be delivered by Andrew Avenell of Rhodes at the PNG Real Estate Show in Port Moresby on 3-4 November.
Avenell has 25 years’ experience in PNG’s construction and engineering industries and knows quality when he sees it.  
“I’ve spent my working life trying to improve product and process quality,” says Avenell, “first with our family businesses and now with Rhodes.”  

This man has dressed as a parrot to sell a house

The mystery man appears in every image of the property in the Blackrod area of Bolton.

With bright green legs and coloured feathers, we see him relaxing inside the £225,000 home and even using a barbecue on the patio.

It's on the market with local estate agent Platinum Properties who say the homeowner was "up for a laugh".

Estate agent Steve Laycock tells Newsbeat "the parrot has requested anonymity but he tends to squawk rather than tweet.

"It's a macaw showing off the decor".