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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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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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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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Vic rent reforms to 'push out landlords'

A move to give Victorian tenants more rights risks driving landlords out of the market, Victoria's real estate institute warns.

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McGrath won't achieve earnings estimate

McGrath Limited expects its full-year earnings will be lower than a key analyst's estimate, following a weaker-than-expected first four months of trading.

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Housing hope for WA, Qld mining towns

House prices that collapsed after the mining boom ended in Western Australian and Queensland are starting to recover in some towns, a new report suggests.

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Home sales rise but market remains soft

Home sales across Australia's capital cities have risen slightly in the past week, but the market remains soft with prices steady.

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Developers to chip in for Vic suburb

Developers and landowners will have to give the Victorian government more than $16,000 for every dwelling in a new suburb on the edge of Melbourne's CBD.

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Aust construction 'to fold' without Arrium


The closure of steelmaker Arrium would cause Australia's construction industry to collapse within six weeks, its administrator says.

"The impact would be felt far and wide. Arrium long-form structural steel makes up 70 per cent of Australian steel making in infrastructure and construction," KordaMentha's Mark Mentha told AAP on Tuesday.

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Real estate campaign against Labor


The real estate industry is set to launch a grassroots campaign attacking Labor's policy to curb tax breaks for property investors.

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Height limits for Melbourne CBD buildings


New super-tall skyscrapers could be banned in central Melbourne unless they include a park, a childcare centre or an iconic city laneway.

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Vic housing to fall as car making ends


The demise of car manufacturing in Victoria is set to do to Melbourne property prices what the end of the mining boom did to Perth's housing market, research shows.

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Rates likely to be held on strong outlook


Soaring business conditions have increased chances the Reserve Bank will hold rates this year.

Overall business conditions rose from +8.0 to +12 points in March, according to the National Australia Bank's Monthly Business Survey, released Tuesday.

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China is in a free fall

China is in a free-fall, property has peaked and there is talk of a recession. How do you make sure you come out ahead?

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Building approvals rise 3.1% in Feb


Approvals for the construction of new homes rose 3.1 per cent in February, which was better than market expectations of a three per cent rise.

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Home auction clearance rates below 70pct


Many Australians have been too busy enjoying the long weekend to bother selling houses, while auction clearance rates have slipped below 70 per cent for the second week in a row.

A public holiday for half of Australia on Monday has pushed auction volumes significantly lower, the latest weekly reading on the housing market shows.

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Mortgage Choice half year profit up 7.8pct


A 4.5 per cent increase in home loans has helped lift Mortgage Choice lift its half year profit.

The home loan broker says its residential loan book increased from $48 billion to $50.2 billion in the six months to December 31.

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Commercial v Residential Property Investments

Which is better: Commercial or Residential properties?

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Realestate.com.au enjoys profit jump


REA Group, the company behind realestate.com.au, has posted a strong jump in half year profits partly due to more higher paying customers.

The online real estate giant made a profit of $121 million in the six months to December 31, up 28 per cent on the prior corresponding period.

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