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The Latest Breaking News on Real Estate

Australian house prices set to drop further as interest rates surge. Here's a round up of what's happening with property prices across Australia

Australian house prices are dropping at their fastest pace since the global financial crisis, data shows. Here's what's happening in your capital city.

ABC News

Interest rate rises will see property prices fall further as maximum home loan sizes shrink

The Reserve Bank is expected to raise the cash rate again today. It comes as banks pass on interest rate rises and cut back how much they'll loan to wannabe home owners.

ABC News

Robe holiday home ownership creates housing crisis for workers

The latest census data showed 59 per cent of properties in this South Australian holiday town are vacant – the third-highest rate in the country.

ABC News

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The Average Age Of First-Time Home Buyers Actually Gives Me A Wafer-Thin Feeling Of Hope

Do any young folks actually own houses? When did they buy them? How the fuck?

Pedestrian.tv

28% of ‘London leavers’ purchasing homes are first-time buyers, analysis finds

On average, these buyers spent £383,070 on their first home, compared with an average of £526,600 for a first-time buyer purchasing in the capital.

The Independent UK

Morning mail: property prices tumble, ‘alarming’ gas shortfall, Emma McKeon makes history

Monday: Five of the country’s eight capitals are reporting house price falls on par with the start of the GFC. Plus: the most ridiculous Australian reality TV shows

The Guardian - AU

Australian property prices tumble at rates not seen since GFC

Interest rate rises lead to dwelling values falling for third month in a row with Sydney prices down 5.2% since January

The Guardian - AU

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South Australia's public housing shortage worsens, as number of people on waiting list reaches 17,000

The state government says work is underway on the first stages of its plan to build 400 extra public houses, while advocates say it's a good start but so much more housing is urgently needed.

ABC News

What you need to know about Canberra's public housing shortage

The ACT government often talks about its Growing and Renewing Public Housing program. Here is what you need to know about that.

The Canberra Times

Housing stock shortages putting upward pressure on prices, says Propertymark

There is a lack of incentives keeping landlords in the sector, the industry body said.

The Independent UK

New homes for first-time buyers: what to buy, where to look and money-saving incentives

The best options for first-timers trying to buy a home in or near London.

Evening Standard

Greater Manchester’s property hotspot areas where house prices are soaring

One area has seen the average cost of a home rise by more than £159,000 since May

Manchester Evening News

Housing crisis prompts NSW councils to appeal to investment property owners to switch to long-term leasing

More than 20 per cent of houses in the Shoalhaven are empty while the victims of the housing crisis spend winter in tents, but the success of an appeal to investment property owners in a neighbouring shire could help to get roofs over heads.

ABC News

Housing shortage impacts Qld DV victims

A shortage of social housing is forcing women to stay in violent relationships, an inquiry into Queensland Police's response to domestic violence has heard.

AAP

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AAP

Rates put first home buyers at risk: RBA

Reserve Bank deputy governor Michele Bullock has told a Brisbane audience recent first home buyers are most at risk of default in the face of rising rates.

AAP

First home buyers blowing their budgets

More than a third of Australia's first home buyers are spending more than they budgeted to get a foot in the door, research suggests.

ABC News

Gold Coast unit prices slowing but bucking downward trends as Australia's property market eases

The Gold Coast's iconic high-rises are home to some of the most expensive units in the country, and while a downturn in the property market is being felt across Australia, the Glitter Strip's unit prices are still strong.

USAFacts

How does Gross Domestic Product differ by state?

Five states, including California and Florida, each contributed over $1 trillion to the national gross domestic product in 2022.

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news in one place.

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The Hindu

CREDAI predicts sharp rise in property prices

Escalating cost of construction material a serious concern, says association

The Independent UK

Prime property prices in urban locations ‘rising faster than in rural areas’

Urban housing markets are expected to perform more strongly over the second half of the year, Savills said.

Newsroom.co.nz

Short story: First-home buyers, by James Pasley

"Towards the end we spent our weekends at open homes": a broken romance.

Edinburgh Live

The Edinburgh neighbourhoods where property prices are soaring every month

During April-June 2022, the average selling price of property across Edinburgh, the Lothians, Fife and the Borders rose by 3.9% to £280,782 - but which areas of the capital are seeing prices soar the most?

ABC News

NSW staff shortage, cost of living and housing crisis drive businesses to the brink

What started out as a joke has turned into a cry for help from a northern New South Wales bakery desperate to attract workers.

The Independent UK

House prices rise at fastest pace since 2004 as UK property market defies expectations

Property price inflation hits 13% as higher-income buyers spend savings built up during the pandemic

Evening Standard

Buying property: more homeowners selling up as house price growth slows offering a ray of hope to buyers

According to Rightmove, growth in house prices is beginning to slow - which may be encouraging sellers to take to the market

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