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The Latest Breaking News from CoreLogic

Canberra houses are outpacing units in value - and for good reason

Home value index shows slow growth during July.

The Canberra Times

Relief in sight as rates focus switches to cuts

Mortgage-holders appear to have avoided another interest rate hike, in a welcome development for the federal government with an election on the horizon.

AAP

Adelaide home prices could soon surpass Melbourne as Victorian capital slumps

Fall of 4.4% since peak in 2022 bucks broader trend, PropTrack finds, with national real estate prices 6.3% higher than a year ago

The Guardian - AU

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Why Canberra units could be solution for first home buyers

Five suburbs are considered affordable for buying a unit.

The Canberra Times

Housing approvals fall to lowest level in 12 years despite Labor’s pledge of 1.2m new homes

Approved dwellings drop 6.5% in June amid high interest rates and building costs as CoreLogic rues ‘dismal result’

The Guardian - AU

'Not for the faint-hearted': wreck set for new life after selling for $905k

The Islington auction drew 10 registered bidders.

Newcastle Herald

Here comes another one: Merewether Heights suburb record smashed by $450k

The result tops the previous $2.85 million suburb record.

Newcastle Herald

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What $600k could have bought you in Canberra last week

First home owners still struggling to get into the market.

The Canberra Times

Canberra set for quietest auction week since January

But some great properties are still available to buyers.

The Canberra Times

Construction costs cool but expert 'can't think of any winners here'

'Perfect storm' emerging for a year of pressure on the industry.

The Canberra Times

Three neighbouring homes chase $5 million pay day in Kotara TOD area

A concept plan shows the site could house around 68 apartments.

Newcastle Herald

Property converted to have eight bedrooms for student tenants

It's currently taking in thousands a week in rent.

The Canberra Times

Relocated workers cottage from the flooded Acton Peninsula up for auction

Its original owners helped build Old Parliament House.

The Canberra Times

Cheaper materials take edge off home-building costs

Residential construction costs have finally stabilised after a prolonged period of strong price growth put pressure on the industry.

AAP

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The Independent UK

The US housing market was a bust this spring. Here’s what that means for summer and fall

The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

Newcastle Herald

Buyer inspects beachside suburb house on Friday, buys for $4.35m on Saturday

The buyer phoned in their bids for the property in Merewether.

Newcastle Herald

$45,000 in a year: How Newcastle house prices keep climbing

Low supply is keeping prices high across Australia.

AAP

Average Australian house price hits almost $800,000

Soaring house prices might please home owners but for those trying to enter the market the odds are stacked against them as chronic housing shortages persist.

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news in one place.

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AAP

Open door for lenders on climate risks at 11m homes

A data-rich tool will gauge the energy efficiency and climate profile of the nation's 11 million homes, with some already risky for mortgage lenders.

AAP

Flipping good deal: property profits hit a 14-year high

More than 94 per cent of national home sales in the first three months of 2024 recorded a nominal gain, the highest profitability rate since 2010.

AAP

Worsening rental affordability hurting regions

Renters in the regions are having to find an extra $153 a week to go towards keeping a roof over their heads, on average, compared to June 2020.

AAP

Mortgage arrears hit three-year high amid uncertainty

The number of Australians behind on their mortgage has reached a three-year high with many making repayments by dipping into savings and working more.

Newcastle Herald

Debt-free borrowers earning $100k struggle to secure a 500k loan in Newcastle

'Every rate rise equates to around $20,000 less that you can borrow'.

AAP

Home prices in three cities are outpacing their peers

Australia's housing market is made up of laggards and leaders in home price growth and the gap is expected to linger in the coming months.

The Guardian - AU

Australian capital city rents have biggest monthly fall in over four years but crisis ‘far from over’

Sydney house rents still nation’s highest but an expected rise in vacancy rates this winter could provide some relief to tenants, expert says

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