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The Latest Breaking News from CoreLogic

House value falls ease up in Newcastle and Lake Macquarie

National dwelling values fell 1.0 per cent in November.

Newcastle Herald

Australian house prices fall seven months in a row but pace of decline slows

National house prices have fallen in November but the pace of decline has slowed as low stock levels persist and buyers push ahead with purchasing despite rising interest rates.

ABC News

Home price downturn now more subdued

The residential property downturn endures for the seventh month in a row, although the pace of decline has started to wind back.

AAP

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Property price falls slowing, but still far from over

Home owners have been hit hard as property prices plummet this year, but new data shows the fall is slowing down.

The New Daily

The holiday hotspots where values are lower this year than in 2021

In a stroke of good luck for holiday home hunters, properties in some of NSW and Victoria's most popular tourist spots are cheaper now than they were at the same point in 2021, according to new data from CoreLogic.

The New Daily

The Australian suburbs that have recorded the largest value declines since COVID-19 hit

Data reveals a list of suburbs where house and unit values have slumped back to pre-COVID-19 levels. With prices tipped to fall further, is it a good time to buy?

ABC News

Where home prices are headed in 2023—this map shows CoreLogic's revised outlook for 392 housing markets

The question isn’t if U.S. home prices will fall, it’s how far will prices fall.

Fortune

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Huge auction result breaks suburb record in Hamilton South

The sale breaks the previous Hamilton South suburb record of $3,950,000.

Newcastle Herald

Price cuts and pre-auction sales as Christmas 'deadline' looms

Data shows where the biggest discounts on Canberra homes can be found.

The Canberra Times

Regional property boom deflates as interest rate hikes push prices down

A regional housing boom sparked by waves of Australians fleeing major city lockdowns during COVID has finally burst, but there is good news.

The New Daily

Newcastle and Lake Macquarie named among top six fastest-declining property markets in regional Australia

House values in the region recorded falls of six per cent over the last three months.

Newcastle Herald

Queensland property 'hotspots' no longer resisting dip in house prices, new data reveals

Sunshine Coast house prices record the biggest fall in regional Queensland, down 7.1 per cent, followed by the Gold Coast, where prices dropped by 6.4 per cent.

ABC News

Gold Coast affordable housing requires rethink, says town planner

There is a "growing generational and economic divide" emerging in the Gold Coast's housing market, says a town planner as the city shapes how it manages a population surge.

ABC News

Christmas spells 'record' rental squeeze for Gold Coast with fewer options than ever

Joel and Ash have been looking for a place to rent since May. They fear they'll have to spend Christmas living out of boxes from a friend's house as landlords pull houses from the long-term rental pool to turn into holiday homes.

ABC News

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The Guardian - AU

Distressed housing sales rise as owners succumb to Australia’s rising interest rates

Buyers who overpaid for properties in boom market conditions now feeling the pinch, head of property investor group says

Newcastle Herald

Budget buys: What the median house price can buy you in Newcastle and Lake Macquarie

The latest data released from CoreLogic this week revealed the median house price in Newcastle and Lake Macquarie dropped to $841,296 last month.

ABC News

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

The latest data shows Australia's home prices are dropping at their fastest rate since the global financial crisis. Here's what's happening in your capital city.

ABC News

Australian home prices fall for six months in a row as interest rate rises bite

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

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The Canberra Times

Canberra's median house value falls below $1 million

Despite a buyers' market, one seller had 70 groups inspect their home in a week.

AAP

Home prices fall for sixth month in a row

The home prices slump is starting to slow down but it may be premature to say the worst is over.

The New Daily

‘Double whammy’ in play as property prices fall for six months straight

Australian property prices have posted their sixth straight month of decline, with rising interest rates pushing home values lower.

The New Daily

More than $100,000 wiped from Sydney property prices as rate hikes bite

Property prices are plunging fast as rising interest rates push down property prices, leaving the market mired in uncertainty.

The Guardian - AU

Sydney’s property prices dropped 10% this year, with $450 a day lost from average home

Decline comes as RBA documents indicate values may sink as much as 20% nationally from their February peak by end of 2024

The Canberra Times

Why this spring selling season is different

Buyers are in the driver's seat, but it's not all bad news for sellers.

ABC News

Canberra's house values are falling across every suburb, but prices in the capital are still high

Experts say prices in Canberra are tied to interest rates, and if they keep rising then prices will keep falling.

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