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    Two more Vic agents done for underquoting

    Posted by Real Estate Investar on Thu, Jan 12, '17

    Two more Melbourne real estate agencies have been busted underquoting on properties to be sold at auction.

    Hocking Stuart Yarraville and O'Brien Real Estate Croydon have agreed to pay fines of $45,000 each following an investigation by Consumer Affairs Victoria.

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    Topics: housing

    REA to buy stake in India's PropTiger

    Posted by Real Estate Investar on Wed, Jan 11, '17

    Digital real estate advertising firm REA Group has agreed to buy a 14.7 per cent stake in Indian online real estate marketing group PropTiger for $67.9 million.

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    Topics: housing

    Approvals could hold RBA rate clues

    Posted by Real Estate Investar on Tue, Jan 10, '17

    Melbourne was the only capital city where home prices rose last week, but those seeking clues about housing affordability in 2017 may want to widen their search beyond those numbers.

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    Topics: housing

    Housing boom slows, despite approvals jump

    Posted by Real Estate Investar on Tue, Jan 10, '17

    The volatile residential apartment sector continues to swing monthly building approval statistics, but underlying evidence indicates Australia's home building boom has peaked, economists say.

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    Topics: housing

    NSW planning shake-up to boost housing

    Posted by Real Estate Investar on Tue, Jan 10, '17

    The NSW government will be able to fast-track developments under a massive shake-up of the state's planning system aimed at tackling Sydney's chronic housing shortage.

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    Topics: housing

    Bank rates dampen housing demand: report

    Posted by Real Estate Investar on Wed, Jan 4, '17

    Banks hiking mortgage interest rates out of cycle and failing to pass on official rate cuts are expected to dampen demand for housing this year, according to a new report.

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    Topics: Interest Rates, home loans

    Vic agencies face court for underquoting

    Posted by Real Estate Investar on Tue, Jan 3, '17

    Two Victorian real estate agencies are being taken to court for allegedly underquoting on 34 properties in 2014 and 2015.

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    Topics: home prices

    Home prices jumped 10.9% in 2016

    Posted by Real Estate Investar on Tue, Jan 3, '17

    Home prices in Australia's capital cities rose 10.9 per cent in 2016, their biggest annual jump in seven years.

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    Topics: home prices

    Financial boost for homebuyers in WA

    Posted by Real Estate Investar on Fri, Dec 30, '16

    The dream of owning a home could be a realistic New Year's resolution for many West Australians with the state government boosting the first homebuyers grant to $15,000 and making changes to the Keystart loan scheme.

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    Topics: home loans

    Calls for expansion of Qld homebuyer grant

    Posted by Real Estate Investar on Sat, Dec 24, '16

    Queensland Treasurer Curtis Pitt is being urged to expand the state's first-home buyer grants to include established homes to help the recovery of regional markets.

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    Topics: housing

    Eight years to save deposit for first home

    Posted by Real Estate Investar on Sat, Dec 24, '16

    It takes the average Australian couple more than four years to save up for their first home deposit, with Sydney topping the list with a staggering eight years, a new report reveals.

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    Topics: home loans

    Home loan arrears going up

    Posted by Real Estate Investar on Tue, Dec 20, '16

    The number of home loans in arrears is starting to go up despite low interest rates and stable levels of unemployment, ratings agency Standard & Poor's says.

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    Topics: home loans

    Hawkish RBA seems reluctant to cut rates

    Posted by Real Estate Investar on Tue, Dec 20, '16

    The Reserve Bank is in a hawkish mindset going into the new year with the chances of another interest rate cut beginning to fade, economists say.

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    Topics: Interest Rates

    Realestate.com.au moving into home loans

    Posted by Real Estate Investar on Tue, Dec 20, '16

    REA Group's realestate.com.au is hoping to grab a share of the $400 billion mortgage market by offering its own home loans from next year, thanks to a new partnership with National Australia Bank.

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    Topics: housing

    No policy tips from housing inquiry

    Posted by Real Estate Investar on Tue, Dec 20, '16

    The Turnbull government has been accused of having no plan to help Australia's first home buyers after coalition MPs led a fruitless 20-month inquiry into housing.

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    Topics: housing

    Reps committee reports on home ownership

    Posted by Real Estate Investar on Tue, Dec 20, '16

    A parliamentary committee stacked with government MPs has failed to come up with policy suggestions to deal with the challenges of home ownership.

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    Topics: housing

    Housing demand defies gravity

    Posted by Real Estate Investar on Wed, Dec 14, '16

    An odd thing is happening in the housing market - auction numbers are down compared with this time last year, but the numbers of homes being sold is up.

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    Topics: housing

    Weakest house price growth in three years

    Posted by Real Estate Investar on Tue, Dec 13, '16

    Housing prices across Australia's capital cities have risen 3.5 per cent for the year to September 30, the weakest growth in more than three years even as the value of all the nation's dwellings rose to $6.2 trillion.

    Melbourne was the best performer, with an annual home price increase of 6.9 per cent, data from the Australian Bureau of Statistics shows.

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    Topics: housing

    Confidence rattled by weak economic growth

    Posted by Real Estate Investar on Tue, Dec 13, '16

    Confidence has tanked over the fear of the Australian economy sinking into recession for the first time in more than a quarter of century, which would put jobs at risk.

    But a global rating agency has warned Treasurer Scott Morrison not to sugar-coat his economic forecasts when he hands down his mid-year budget review next Monday.

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    Topics: Capital Growth

    Airbnb says rental regulation welcome

    Posted by Real Estate Investar on Tue, Dec 13, '16

    Airbnb's global policy boss says increased regulation of Australia's short-term rental industry would benefit the house-sharing website and help grow its business in the "incredibly valuable" local market.

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    Topics: renting