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The Latest Breaking News from CoreLogic

National property price rebound gathering pace despite interest rate rises, with Sydney leading the recovery

National house prices lifted sharply in May, according to data from CoreLogic. Sydney continues to lead the recovery, with rises across the capital cities, as the number of properties advertised for sale fell further.

ABC News

FOMO linked to surprise rebound in property prices

A fear of missing out (FOMO) is now creeping into the housing market as buyers navigate a surprise rebound in property prices.

The New Daily

Rental units only $39 cheaper than houses per week as demand soars for affordable options

CoreLogic says units are now the only option for many tenants but supply is limited, forcing up rents

The Guardian - AU

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‘No short-term solution’: Grim data reveals worsening rental crisis

Australians embroiled in the housing rent crisis won’t experience relief anytime soon, as grim new data reveals just how bad it is.

The New Daily

Family living in one room as new report shows 'extreme' rental stress gripping New South Wales

A new report from ANZ and CoreLogic shows since the pandemic rental prices have increased dramatically, and low-income earners would need to spend more than half their pay to secure a rental property.

ABC News

Hunter rental stress well above national average

'There is a particular pain point for low-income households, which is leading to increased pressure on social housing providers and homelessness service providers.'

Newcastle Herald

Australia’s rental affordability drops to worst levels in nearly a decade

New report shows average households are spending a third of income on rent while lower income families pay more than half their earnings

The Guardian - AU

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Adam Bandt says rents are rising six times faster than wages. Is that correct?

Greens leader Adam Bandt says rents are rising six times faster than wages. Is that correct? RMIT ABC Fact Check investigates.

ABC News

This is the biggest house sale loss – but worse is to come as interest rates rise

Today's Reserve Bank rates decision is heralded by economists as its most important since Covid. An anticipated OCR hike will put new pressure on mortgaged homeowners in election year. Jonathan Milne reports.

Newsroom.co.nz

‘Significant turnaround’ in Australian house prices defies predictions as demand rises

CoreLogic says if increase is maintained, prices will be 4% higher at the end of 2023, defying forecasts of falls of 10% or more

The Guardian - AU

Housing prices gain pace as auction listings increase across Australia’s capital cities

CoreLogic researcher Tim Lawless says current spike in migration countering effect of Reserve Bank’s rate hike earlier this month

The Guardian - AU

What's hot: Clearance rates on the rise as regional auction numbers keep climbing

CoreLogic expert says auction activity across Australia's regional markets is on the rise.

The Canberra Times

Economists say rental price caps are a 'viable' short-term solution to the housing crisis, but some fear it could backfire

Despite increased rental assistance measures in Tuesday's budget, calls to cap rents are growing louder, with economists saying that step has been successful overseas, however, analysts warn it may make the housing crisis worse.

ABC News

Knights star Tyson Frizell buys house at Merewether Heights

"His wife turned up to look at the house and we did the deal pretty quick smart."

Newcastle Herald

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Fortune

What to expect next from the housing market

Fortune rounded up revised home price forecasts from 9 major research firms.

Newcastle Herald

Waterfront property has Arcadia Vale's biggest price tag

The suburb record for Arcadia Vale is $2.8 million.

Newcastle Herald

Tighes Hill property creates a buzz with buyers

The property last sold in 2021 for $1,020,000.

The New Daily

Record annual growth in capital city rents sees fewer living alone

Australia's capital cities recorded the strongest annual growth in rents since 2007, with rising migration straining already-tight supply.

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Newcastle Herald

Time to negotiate? Rents up 4.5 per cent in Newcastle in 12 months

The median weekly rental value in the region is $616.

The Canberra Times

Rents fall as Canberrans look to share the 'rental burden'

Canberra rents are bucking a national upward trend.

Newcastle Herald

'We have budgeted for the worst': RBA lifts cash rate

The increase lifts the cash rate to 3.85 per cent.

Newcastle Herald

House values on the rise in Newcastle and Lake Macquarie

The median house value in Newcastle and Lake Macquarie is $825,322.

The New Daily

Home values rise as housing market downturn wanes

Residential property values are slowly increasing for the first time in nearly a year, marking an end to the nation's housing market downturn, experts

ABC News

House prices rise for the second month in a row as rents keep rising due to low vacancy rates

CoreLogic data shows Australian property prices have risen for the second consecutive month, suggesting a downturn in the housing market is coming to an end as interest rates stabilise.

Newcastle Herald

Four homes to inspect this weekend in Newcastle

See more listings on the Real Estate View website.

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