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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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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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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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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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New NSW housing tied up in red tape

Red tape is preventing developers from building hundreds of thousands of new homes on land in Sydney.

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Home price growth continues to slow

Home price growth in the capital cities has continued to slow on a quarterly basis, weighed down by tighter lending by the big banks and easing market conditions in Sydney.

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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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