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More action on investor home loans tipped

Housing investors may soon find it tougher to get finance, as an investment bank tips imminent action from regulators in an attempt to quell growth in Sydney and Melbourne property prices.

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Home prices jump 3.7% since start of year

Home prices in Australia's five biggest cities have jumped 3.7 per cent since the start of this year.

Sydney has led the charge, with prices there jumping 5.3 per cent since January 1, followed by Melbourne with a 4.4 per cent rise, according to the latest data from CoreLogic.

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ANZ raises investor, interest-only rates

ANZ is raising its variable rates for investor and interest-only mortgages, but will not increase lending costs for residential borrowers with standard principal and interest loans.

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Housing to top treasurers' gathering

Housing affordability is expected to be the hot topic when Treasurer Scott Morrison meets his state and territory counterparts in Canberra on Friday.

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Aussies slip behind in mortgage repayments

Western Australia leads a nationwide rise in Aussies falling behind in their home-loan repayments.

Some 1.15 per cent of Australian mortgages were more than 30 days in arrears last December, compared 1.14 per cent the previous quarter, Standard & Poor's figures show.

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Sydney and Melbourne top pricey city list

The wallet-burning cost of living in Australia's largest cities has been highlighted again, with Sydney and Melbourne ranked among the most expensive in the world.

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RBA warns of rising risk in housing market

The Reserve Bank of Australia says there is reason to believe commodity prices could rise higher than expected but is concerned about increasing risks in the housing market.

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Shorten goads PM over NAB rate rise

Labor leader Bill Shorten has launched strong criticism of the National Australia Bank's decision to hike its standard variable mortgage rate.

NAB lifted the rate by 0.07 percentage points for owner-occupiers hours after the US Federal Reserve increased its key interest rate.

In an early morning television interview, Prime Minister Malcolm Turnbull said the rise was certainly not welcome.

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Home auctions buoyant across Australia

Home auctions were buoyant across every Australian capital city last week, with particularly strong sales activity in Sydney.

The national clearance rate across the capital cities was 76.2 per cent in the week ended March 19, up from 75.1 per cent a week earlier and 68.8 per cent a year ago, according to the latest data from CoreLogic.

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Keating slams super for home deposit idea

Former prime minister Paul Keating has slammed the idea of allowing young people to raid their superannuation for home deposit, saying it would "pull the backside out" of the system.

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NAB raises mortgage and investor rates

National Australia Bank is hiking its standard variable mortgage rates for both owner-occupiers and investors.

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Govt looking at super housing deposit: MP

A Liberal backbencher insists the Turnbull government is looking to allow first-time home buyers to dip into their superannuation to help with a deposit, despite previous denials by ministers.

John Alexander also said the government was working on changes to negative gearing, which may be presented at the next election.

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Confidence may get lift from housing talk

New confidence figures will show whether Australians have been encouraged by the Turnbull government's focus on housing affordability.

The Westpac-Melbourne Institute monthly consumer confidence survey carries a specific question on whether it is "time to buy a dwelling".

In February, this index tumbled 7.8 per cent to its lowest level since May 2010.

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$1m in super needed to rent in retirement

Sydneysiders planning to live in a comfortable retirement in a rented home will need to save more than $1 million in superannuation, according to a report.

The Association of Superannuation Funds of Australia's Retirement Standard report for December shows that the cost of living for a single retiree in a one-bedroom unit in Sydney is about $62,434 a year.

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Home auctions strengthen in every capital

Home auctions were stronger in every Australian capital city last week, despite public holidays reducing the number of properties going under the hammer and potential buyers.

The national clearance rate across the capital cities was 80.8 per cent in the week to March 12, up from 74.6 per cent a week earlier, latest data from CoreLogic shows.

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Home loan approvals rise 0.5% in January

The number of home loan approvals rose 0.5 per cent in January, beating market expectations of a one per cent fall.

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Westpac says no house price bubble here

Westpac boss Brian Hartzer says in his mind a housing bubble is when people believe prices only go up, start borrowing to buy a house and sell it within a year, only to buy a bigger property.

"That to me is the definition of a bubble, a credit-fuelled speculative bubble," Mr Hartzer told the House of Representatives economics committee.

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Rates to hold in 2017 despite GDP rebound

A prominent economist believes 2017 should be a year of prosperity for Australia as the country benefits from China "throwing the kitchen sink" to stimulate its economy.

But the good news on growth isn't about to translate into higher interest rates just yet.

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Labor jumps on house price 'rout' warning

Federal Labor has seized on an international review, which warns a rout on house prices is a threat to the Australian economy, to renew its call for limits on negative gearing and capital gains tax discounts.

"Right across the country, young people are wondering how they will ever afford to get into the housing market," shadow treasurer Chris Bowen told reporters in Sydney on Friday.

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Vic co-purchase scheme for home buyers

If you can't afford to buy your first house, the Victorian premier says he'll give you a leg-up by co-purchasing one with you.

The $50 million HomesVic pilot program will give 400 people the chance to co-purchase a home with the government, who will take take an equity share of up to 25 per cent - in turn reducing the deposit a first home buyer needs.

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