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Budget not enough to help affordability in Sydney, Melbourne, but good news for the rest of Australia

The budget's First Home Super Savers Scheme might alleviate some housing affordability pressures, but is unlikely to help first-home buyers who want to live close to the city in Sydney and Melbourne.

Real Estate Institutes back budget's focus on housing affordability

The REIA and the REIWA have welcomed the government's focus on affordable housing in the 2017 Federal Budget.

National

Politics

Housing measures in the 2017 Budget

"If a family or an individual has a roof over their head that they can rely on, then all of life's other challenges become more manageable." Scott Morrison, 2017 Budget speech.

Featured Property

Award winning Heller Street Residences on the Park

Townhouse in award winning complex on Gillbrook Reserve, Brunswick. For sale by Jonathan West and Janine Ballantyne from Nelson Alexander Brunswick.

National

Politics

Budget preview: what to expect for housing

Details of the 2017 Federal Budget will be revealed from 7.30 tonight. We take a look at what we already know.

The Economy

Is real estate becoming a battleground?

Growing numbers of young Australians might be locked out of the property market, but they're not taking it lying down.

International

How will new French president Macron affect property prices in France?

France has a new president, Emmanuel Macron, making it the perfect time to examine which president oversaw the biggest gains in French property prices.

Victoria (Vic.)Melbourne

Featured Property

Victorian Northcote home with architecturally designed modern extension

This historic Northcote home has been built for family life, with a focus on design and sustainability. It is for sale through Nicholas West and Charlie Barham of Nelson Alexander Northcote.

International

The Economy

How to manage your currency exposure when buying property overseas

Australians who are considering buying property overseas must consider how currency fluctuations will affect their investment.

National

The Economy

Auction clearances indicate real estate market could be drifting lower

The auction clearance rate of Australia's capital cities was 74.6 per cent last week, virtually flat with the previous week's result. But Sydney and Melbourne's clearance rates are in a downward trend, says CoreLogic.

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News Roundup

http://www.nbcnews.com/watch/cnbc/sad-not-surprising-people-dont-know-their-mortgage-rat-392468547948

U.S. mortgage holders unaware of their rate

More than a third of Americans don't know their mortgage interest rates.

NBC News

http://www.couriermail.com.au/news/queensland-state-election-2015/queensland-election-2015-labors-mad-scramble-to-be-ready-to-govern/story-fnr8vuu5-1227204359379

ALP takes Queensland

The weekend's state election in Queensland has seen the ALP set to regain the state from the LNP and celebrate one of the biggest swings in Australian political history. It spells the end of former Premier Campbell Newman's political career, and trouble for Prime Minister Tony Abbott.

Courier Mail

http://www.afr.com/p/business/property/slow_start_to_home_auctions_but_LzIkulBRiTe6D28CIh2o3O

Slow start but auction indicators strong

Sydney's residential property market boasted an auction clearance rate of 70.5 per cent on the weekend of 31 January and 1 February 2015. This is nearly 10 per cent lower than 12 months earlier.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/bumper-result-tipped-for-developer-stockland/story-fn9656lz-1227204268547

Bumper Stockland result expected

Australia’s largest residential developer, the $10.32 billion property giant Stockland, is expected to hand down a bumper first-half result on the back of the quickly improving housing market when it reports on February 11. Stockland will be the first of the major listed property trusts to hand down its result this earnings season.

The Australian

http://www.theaustralian.com.au/business/property/rupert-murdochs-property-powerplay/story-fn9656lz-1227204311842

Murdoch's property powerplay

Addressing a real estate conference in New York, Rupert Murdoch pledged to work with agents and disrupt the $US35 billion industry with investment in new technology. Murdoch was explaining his strategy after acquiring Move, the operator of Realtor.com, which is the third most-trafficked website network for property listings in the U.S.

The Australian

http://www.economist.com/news/business-and-finance/21641660-why-governments-should-stay-out-mortgage-business-false-friend

Government intervention in the mortgage business

Mortgage subsidies in the U.S. have encouraged banks to lend more to homeowners and less to firms. Mortgage insurance giants may do serious damage to the American economy if they take on too much risk, says The Economist.

The Economist

http://www.afr.com/p/national/townsville_property_market_on_downward_tmqqn0DVep5VPVfuBnnlEP

Townsville market down

Townsville's property market has been negatively affected by subsidised housing and rising unemployment, with the Real Estate Institute of Queensland's rental survey showing that the vacancy rate rose by 0.7 percentage points to 5.4 per cent in June 2014.

The Australian Financial Review

http://www.forbes.com/sites/forbesasia/2015/01/28/property-profits-or-real-estate-boom/

Triguboff rises on Rich List

Sydney developer Harry Triguboff's fortune swelled by $1.3 billion in the past year, the biggest gain of anyone on the Forbes Australia Rich List. That moved him up five spots, to No. 2, with a net worth of $5.6 billion.

Forbes