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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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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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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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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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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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All options are on for housing fix: Gladys

NSW Premier Gladys Berejiklian isn't ruling out further changes to address housing unaffordability, saying all options are being considered.

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Barnett lashes foreign property buyer plan

WA Premier Colin Barnett has lashed Labor's plan to fund a TAFE fee freeze by making foreign residential property buyers pay a stamp duty surcharge, labelling it anti-investment.

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Harvey Norman up thanks to housing market

Strong retail spending in a buoyant housing market has helped furniture and electrical goods retail heavyweight Harvey Norman make a record first-half underlying profit.

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Better transport to ease house prices: RBA

Building transport infrastructure in major cities is the best way to boost growth and making housing more affordable, the head of the Reserve Bank of Australia says.

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Low property listings hit McGrath's profit

Real estate agent McGrath's half year profit has plunged 72 per cent as property listings remain low and it works to replace a large number of agents that recently left the company.

Net profit fell to $2.4 million in the six months to December 31, excluding the financial impacts of its share market listing in December 2015.

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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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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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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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Everything on table to tackle housing: MP


A race to the bottom on both sides of politics is hampering the housing affordability debate, federal Liberal MP John Alexander believes.

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Perth home builder goes bust owing $16m


Work has stopped on more than 100 home building sites after a Perth construction company went bust, leaving 38 staff unemployed and about 350 unsecured creditors owed about $16 million.

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Sydney housing world's 2nd-most expensive


Sydney has been named as the second most expensive city in the world and "severely unaffordable" when it comes to the cost of housing, the only place more expensive is Hong Kong.

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NSW planning shake-up to boost housing


The NSW government will be able to fast-track developments under a massive shake-up of the state's planning system aimed at tackling Sydney's chronic housing shortage.

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