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The Latest Breaking News from CoreLogic

Why this spring selling season is different

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

The Canberra Times

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.

ABC News

Rents are still soaring in south-east Queensland, is buying becoming a cheaper option?

The latest property data from research firm CoreLogic reveals Brisbane has recorded a 3.8 per cent quarterly rise in housing rents, the highest rise of any Australian capital city.

ABC News

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Potty prices: Sydney studio apartment with toilet in kitchen on market for $520 a week

Weekly rent on this ‘room with a poo’ is up $140 since 2020, a reflection of Australia’s rental crisis

The Guardian - AU

NSW stamp duty overhaul ‘vanilla’ but could help first home buyers cut costs

Annual tax could be paid for almost 20 years before it equalled the value of a stamp duty payment in parts of western Sydney, calculator suggests

The Guardian - AU

Sydney to be home to most expensive rents

Sydney is likely to surpass Canberra as the most expensive city for renters as the housing crisis shows few signs of easing.

AAP

Rent prices show signs of stabilising in Newcastle and Lake Macquarie

The current median weekly rental value is $606 in Newcastle and Lake Macquarie.

Newcastle Herald

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Queensland is the most expensive place to build in Australia with construction costs set to continue, CoreLogic says

Queensland's construction costs had the highest quarterly rise nationwide, according to a new report by a leading property analyst group.

ABC News

Sunshine and Gold Coast properties have boomed since 2020, now they're leading the real estate downturn

It is a long way from a bust, but the booming property prices in Queensland's two most popular regional centres are leading sunshine state's downturn.

ABC News

Reserve Bank set for another double-sized interest rate rise as borrowers brace for pain

The average mortgage borrower will be paying $760 a month more than they were just five months ago, if the Reserve Bank hikes interest rates as expected today, with existing borrowers slugged harder than newer customers.

ABC News

Big issues at play could cause the RBA to make smaller cash rate hikes

Lower rises expected for the rest of the year, economists say, with the possibility of a pause in the longer term

The Guardian - AU

‘In their stride’: Why property prices might not fall as far as feared

Australia’s housing correction may not be as bad as feared as buyers take rising interest rates “in their stride”, a leading economist says.

The New Daily

House values continue to fall across Newcastle and Lake Macquarie

The latest data from CoreLogic also reveals that the median house price in the region is now $856,513.

Newcastle Herald

Property prices dropped further in September and falls ‘could accelerate’ again with rate rise

Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around Australia

The Guardian - AU

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AAP

Home values fall for fifth straight month

Home values have dropped in nearly all Australian capital cities as interest rate rises weigh on property prices.

ABC News

Property prices drop nationally again, with Sydney diving 6pc annually and regional Australia following suit

Interest rate hikes are continuing to hit the property market, with capital city housing markets falling by up to 6 per cent in the past three months.

Orlando Sentinel

Hurricane Ian: Damage will drive insurance rates even higher, cripple industry

TALLAHASSEE, Fla. — With early predictions of $50 billion in damage from Hurricane Ian, experts worry whether the state’s struggling property insurance system will become another casualty of the storm and lead to even higher premiums.

Tribune News Service

COVID-19’s long impact on the housing market

The coronavirus pandemic has had profound impacts on the housing market. House flipping and residential real estate investing have risen drastically, with real estate analytics firm CoreLogic reporting that investors bought a record high 28 percent of all single-family homes in the first quarter of 2022.

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ABC News

Darwin's rising property values attracting investors, putting pressure on Northern Territory renters

With the cheapest homes of any capital and prices on the up, real estate experts are calling Darwin an "investor's dream". But as competition heats up, the divide in the housing market is growing.

ABC News

Perth rental market tightens further as experts tip moderate house price growth

Experts explain why there is likely more pain ahead for West Australian families struggling to get a roof over their heads, as they share their predictions for WA property prices.

The Guardian - AU

New Zealand house prices continue to plunge, as national average falls below $1m

Downturn is entrenched across the country, but fears that falling prices and rising interest rates will hit borrowers have been played down

The Guardian - AU

Morning mail: unions and business find common ground, house prices plummet, Nationals overlook women

Thursday: Today’s jobs summit opens with broad consensus on three big-ticket policies. Plus: seven pictures of Boris Johnson looking daft

AAP

Housing lending down as prices plunge

New loan commitments fell 8.5 per cent in July as a report shows property prices have taken a deep dive.

The New Daily

Property prices fall at fastest rate in 39 years as rate hikes bite

Australian property prices have posted their largest single-month decline since 1983 as rising interest rates bite into home values across most capitals.

The Canberra Times

Canberra house values drop 2 per cent as downswing accelerates

While house values a declining fast, units in the territory are yet to experience the same trend.

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