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Favourable market boosts Stockland profit

Stockland Group's half-year profit is flat but revenue is up with strong earnings in its commercial and residential property business and continued favourable market conditions.

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Bowen lampoons Sukkar for housing tip

Federal Labor has lampooned a Turnbull government minister for advising young people wanting to buy a house to get a "highly paid job".

Michael Sukkar, who was recently appointed assistant minister to the treasurer with responsibility for housing affordability, said it wasn't the only answer but a "first step to buying a house".

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Fairfax in halt amid Domain IPO rumours

Fairfax shares are in a trading halt amid rumours the media company is preparing to spin off lucrative real estate listings business Domain.

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Call to add first home grant to deposit

Queensland Treasurer Curtis Pitt is calling on the big banks to accept his government's $20,000 first home owner grant as part of the deposit on a house.

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Tax review needed for housing

NSW Premier Gladys Berejiklian says the tax system needs to be looked at in terms of housing affordability, although she believes supply remains the key issue.

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We'll be accountable, bank boss promises

The head of Australia's biggest bank says he is prepared to front up to any inquiry parliament or the government sets up to investigate the sector.

Commonwealth Bank CEO Ian Narev is scheduled to make a second appearance before the House of Representatives economics committee in March as part of its regular review of the banking and financial system.

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No division on capital gains tax: Cormann

Finance Minister Mathias Cormann has dismissed out of hand a report the coalition is split over whether to cut capital gains tax concessions for property investors.

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Topics: tax

CBA hikes interest-only investor loans

Commonwealth Bank is lifting some mortgage rates including those for interest-only investor loans.

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Renters 'too scared' to ask for repairs

Fears about potential eviction, blacklisting, and rent hikes are stopping one-in-seven Australian tenants from making complaints about or requesting repairs on rental properties.

A report by affordable housing, tenant and consumer groups says there's an "entrenched culture of fear among renters" and that the significant power imbalance between landlords and tenants must be addressed.

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Goodman's HY profit falls 39.4% to $557m

Commercial and industrial property group Goodman's first-half net profit has slumped 39.4 per cent to $557 million.

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Housing prices rose 0.1% last week

Home prices across Australia's five major capital cities edged 0.1higher last week while the auction clearance rate jumped almost eight percentage points.

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Real estate websites in legal row over ads

Two of Australia's best-known real estate websites have crossed swords after one ran an advertising campaign claiming to be the biggest and best in the country.

REA Group Limited, which owns and operates www.realestate.com.au, claimed its competitor Domain, owned by Fairfax Media, engaged in misleading or deceptive conduct with ads claiming to have more property listings and to be more highly rated.

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First home buyers becoming investors

Young people who once would been saving for their first home might be refashioning themselves as property investors.

The number of successful auctions across Australia bounced back last week, with clearance rates almost five per cent higher than at the same time last year, according to the latest figures from analytics firm CoreLogic.

But the share of loans to first home buyers was falling in December, according to recent Australian Bureau of Statistics data.

The number of loans to people buying their first home fell 7.1 per cent in December, with the average loan size for first-home buyers falling by $4,600 to $319,300.

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Property boom drives Tasmania economy

Tasmania's revised budget estimates show a $150 million improvement thanks to a surging property market and increased projected GST revenue.

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Home auctions up after holidays

The number of homes going under the hammer has doubled in the past week, now that the holiday season has passed, but there have been fewer auctions than there were a year ago.

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Bankwest halts some investor home lending

Bankwest has stopped accepting new business from customers seeking to refinance their investor home loans.

The Commonwealth Bank subsidiary wrote to brokers last week to advise them of the change.

"This aligns with Bankwest's commitment to supporting a stable national housing market and sustainable economy in line with regulatory guidance," Bankwest said in a statement.

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Unit costs to follow soaring house prices

Sydney's soaring house values are driving up the demand for apartments, putting strain on supply and pushing prices higher, property mogul Harry Triguboff says.

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Signs of Perth property price rebound

Residential property values in Perth could be rebounding after slumping 7.7 per cent from their peak, new data shows.

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Deposits drifting out of homebuyers' reach

The size of the average house deposit is drifting further and further out of reach of first homebuyers.

Average home prices rose 0.7 per cent in January, with the strongest gains in Hobart (1.4 per cent), Sydney (one per cent) and Melbourne (0.8 per cent), according to the CoreLogic Hedonic Home Value Index.

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Auction clearance rate up as listings fall

Rising auction clearance rates and continuing strength in real estate prices indicate that home buyers are still keen to get into the market as listings dwindle.

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