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Home loan values lift 0.6% in Oct

The value of home loan approvals has risen 0.6 per cent to $32.8 billion in October compared to September.

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Less new stock coming onto property market

Australia's property market is continuing to come off the boil, with Adelaide and Darwin the only major cities with more new homes listed for sale than a year ago.

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RBA holds rates amid weak wages growth

Sluggish wages growth and soft consumer spending remain concerns for the central bank, which has left the cash rate unchanged despite a buoyant jobs market.

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Flat week for capital city house prices

The combined home values of Australia's five major capital cities were flat last week, although the Sydney market continued to show signs of deterioration.

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Vic estate agents fined for underquoting

A Melbourne branch of real estate agency Hocking Stuart has been fined $160,000 for breaching consumer laws by "plainly deliberate" underquoting.

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Hobart unit sales quicken, Sydney slows

Selling an apartment in Hobart takes on average half the time than it did a year ago, and it's gotten quicker to sell homes in Perth and Adelaide.

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Low income renters squeezed out of cities

A single person on welfare can no longer afford to rent in Australia's cities and would need 150 per cent of their income to live in Sydney.

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Home prices flat compared to a month ago

The home values of Australia's five major capital cities have hardly changed compared to a month ago.

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NSW gets lion's share of Airbnb hoard

Seven of the top 10 Airbnb hosts in Australia are in NSW with the highest earner in Sydney raking in $5.3 million a year across 247 properties.

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Construction to give a steer on GDP growth

Economists will start refining their growth forecasts over the next couple of weeks ahead of the national accounts on December 6, figures Treasury will use in setting its own predictions for the mid-year budget review.

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Foreign demand easing for Aussie property

Purchase of residential property by foreign buyers, particularly from China, has eased over the past year because of tighter capital controls by Beijing and limited access to local finance, a top central bank official has said.

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APRA warning about bigger home loans

APRA is still concerned about the size of the mortgages consumers are taking on despite the banking regulator's intervention having curtailed housing market risks.

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Interest rate risk to mortgage load: APRA

Many Aussies will have to fork out half of their incomes to cover their mortgages if interest rates return to average levels, the banking regulator has warned.

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Home auctions rise, but well down on 2016

Sydney home prices have again fallen while Melbourne's have remained flat, but the national auction clearance rate last week was better than the previous week's.

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Growth in China property investment slows

Property investment in China rose 7.8 per cent in January-October from the same period a year earlier, slowing from an 8.1 per cent gain in the first nine months of 2017, official data shows.

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NT govt floats land tax in consultations

The Northern Territory government could introduce a land tax or dump stamp duty and it says all options are on the table as it scrambles to boost revenue.

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Melbourne property shows signs of cooling

The typical Melbourne home is worth more than $100,000 than it was a year ago, but there are signs the southern city's property market could follow Sydney's slowdown.

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Home loan approvals down 2.3% in Sept

The number of home loan approvals has declined 2.3 per cent in September, well down on market expectations for an increase of 1.5 per cent.

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First home buyers regain market foothold

First home buyers are regaining a foothold in the housing market, enjoying their biggest share of new mortgages in almost five years.

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Apartment slump continues for third month

The number of new apartments being built across Australia has fallen for the third consecutive month, the latest Ai Group Performance of Construction Index shows.

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