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The Latest Breaking News from CoreLogic

Byron Bay property prices plunge as some regions buck trend, according to CoreLogic data

In a case of what goes up must come down, property prices in Byron Bay have plunged 25 per cent in the past 12 months. But not all regions have fallen. Here's how they performed.

ABC News

Expensive houses cop biggest Hunter property price hit

A buyer's agent says vendors' price expectations have not shifted with the market.

Newcastle Herald

Albanese calls out Greens 'fantasy' housing idea

A multi-billion dollar plan for social and affordable housing could be derailed if the federal government is unwilling to work with the Greens on changes.

AAP

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Soaring property prices in Australia’s most sought-after regional areas come tumbling down

Rising interest rates and city folk staying put post-lockdowns reverse real estate demand, new data reveals

The Guardian - AU

‘Swift and significant’: Plunge in regional property prices as pandemic migration ends

An Australian "love affair" with moving out of cities has ended, with regional areas suffering sharp declines in property prices.

The New Daily

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

Fancy a dip? Cooks Hill house with 23-metre lap pool listed for sale

The property is listed for sale with a guide of $3.75m to $4m.

Newcastle Herald

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Thousands of international students set to return to Australia amid rental crisis after China online learning ban

More than 40,000 Chinese students are expected to return to Australia for face-to-face classes, after China announced a snap ban on online learning at foreign universities a fortnight ago.

ABC News

These 2 maps show the inventory situation in America's 400 largest housing markets

Do home buyers or sellers have the upper hand? Let's take a look.

Fortune

The rental crisis forced Kelly to move into a tent. She's angry it is becoming 'common practice'

Record-low vacancy rates and rising rent prices are pushing many Australians to the limit, and low-income Australians are being hit the hardest.

ABC News

CoreLogic updates its home price risk assessment for 392 U.S. housing markets

The big question heading forward is will the home price correction soon fizzle out or carry on?

Fortune

Mortgage prisoners trapped by negative equity are renting out their homes

Home owners struggling with their mortgages who cannot sell because they are in negative equity are starting to turn to the booming rental market to avoid default.

ABC News

Property prices sink ‘quite rapidly’ as market awaits interest rates peak

Australian property prices have declined again in January, but the pace of the downturn has continued to ease ahead of a rate peak.

The New Daily

Brisbane and Hobart house prices set record for largest, fastest drop

Both cities hit "spectacular" highs during COVID-19 and have now seen a rapid and steep price decline.

ABC News

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Newcastle Herald

Under the hammer: Auction of Lambton new build attracts big crowd and big price

The auction attracted an estimated crowd of 80 attendees

Fortune

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

The New Daily

‘Green shoots’: Housing market outlook improves, despite further falls in property prices

The slide in Australian property prices eased sharply over the December quarter, with fresh data revealing falls slowed six-fold.

The Guardian - AU

From interest rates to the ‘race for space’: what is fuelling Australia’s rental nightmare?

After unprecedented growth there are signs rents are beginning to ease, but many experts predict prices will stay high for a while

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Fortune

How much you need to make to afford a $1 million home

Depending on factors including your down payment and whether you're carrying existing debt, we estimate you'd need to earn $210,000 to $290,000 annually to afford a $1 million house.

ABC News

Dubbo landlords making the highest rental yields amid housing crisis, CoreLogic data shows

Dubbo landlords are making the biggest profit margins in NSW, with the cost of rent rising a further eight per cent in the past year, according to CoreLogic data.

The Canberra Times

Canberra rental rates decline, yet still most expensive city

While Canberra is the only city to have a decline in rental rates, it is still the most expensive place to loan property in Australia.

ABC News

Rents rising at slower pace despite 'record high' 10pc surge last year, CoreLogic says

Australian landlords passed on their biggest-ever rent increases in 2022, and the cost-of-living situation is unlikely to ease significantly for tenants in coming months.

ABC News

Hobart Showground refuge for rental crisis homeless is set to close

For years, Hobart's showground has been a refuge for people like Tereasa, struggling to get a roof over their heads. She is about to be thrown into a rental market that is tight and getting tighter.

ABC News

Australian home values see largest decline in recent memory, new data shows

Home values have seen their biggest drop since 2019 and experts say they're going to keep declining.

AAP

Plunging home values break 40-year record

Higher interest rates, household debt and the erosion of savings since the pandemic have been blamed for the steepest plunge in home values since at least 1980.

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