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House prices hurt Aussie battler: report

The nation's housing affordability woes continue as new research shows nearly 10 million Australians believe the Australian dream of owning a home is unattainable.

The research, published by the Salvation Army on Thursday, reveals 9.9 million Australians believe the dream of owning a home is over, while 7.7 million feel their financial situation is affecting their emotional well-being, family life, career goals or social life.

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Detached home sales dropped 2.1% in Jan

Sales of new detached homes have fallen 2.1 per cent nationwide but Australia's home building industry body believes any continuing downturn is likely to be modest.

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Auctions soften as clearance rate dips

The auction clearance rate across Australia's five major capital cities fell in the past week, while home prices remained unchanged.

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Migration cut not housing answer: industry

The housing industry has backed a new report into housing affordability calling for more supply but has cautioned against a cut in the migration intake to solve the problem.

The Grattan Institute think-tank report criticises governments over the past two decades for creating a housing mess by taking easy options rather than addressing the real problem of supply.

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Australian house prices at a standstill

Australian house prices are at a standstill but auction clearance rates have improved.

Values in Sydney, Melbourne, Adelaide and Perth were flat last week, while Brisbane managed a lift of just 0.1 per cent, according to figures from property data firm CoreLogic.

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Auctions pick up pace but home prices flat

Auction clearance rates have significantly lifted over the past week across Australia's five major capital cities.

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Sydney house values lead declines

Sydney house prices have continued to slip further than the national average last week, CoreLogic property data shows.

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House prices up 3.6 per cent in 12 months

Home prices across Australia's five major capital cities have risen 3.6 per cent over the past year, but on a weekly basis, they've fallen 0.2 per cent.

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Hobart, Canberra rents up as Sydney slows

Unit rental prices have eased in Sydney and held steady in Melbourne but soared in Hobart and Canberra, new figures show.

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Home loan values lift 2.3% in Nov

The value of new home loan approvals rose 2.3 per cent to $33.5 billion in November, latest data shows.

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House prices tipped to bounce back in 2019

House price growth is expected to remain slow this year but rebound in 2019.

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House prices up almost 4% over 12 months

Home prices across Australia's five major capital cities have dipped, falling 0.1 per cent over the past week, but they have risen 3.9 per over the past 12 months.

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Stoush continues over negative gearing

Labor has seized upon research presented at a Reserve Bank of Australia workshop to back its case for doing away with negative gearing but the government says the paper is "preliminary and incomplete".

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Building approvals rose 11.7% in November

Approvals for the construction of new homes rose 11.7 per cent in November, beating market expectations of a one per cent decline.

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Construction expands but momentum slows

Construction activity has continued to expand in December thanks to a rise in employment but the industry's overall growth momentum is slowing, new figures show.

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Flat week for capital city house prices

National home prices remained flat last week, but the continued drift in Sydney means they dropped on a monthly basis.

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Softer housing conditions expected in 2018

National house prices fell in December, dragged down by weakness in Sydney's housing market, and have set the scene for softer housing conditions in 2018, new figures show.

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$1.2bn of investor loans switched in Nov

Mortgage holders switched $1.2 billion worth of finance from investor loans to owner-occupier in November, according to the Reserve Bank of Australia.

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NAB refunds $1.7m in mortgage interest

National Australia Bank has refunded $1.7 million to almost 1,000 mortgage customers after charging them too much interest because it failed to properly set up their offset accounts.

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Australia's housing boom won't crash

Australia's property boom is almost over, but its two key markets will have a soft landing not a crash, a leading economist says.

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