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The Latest Breaking News from CoreLogic

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

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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

What to expect next from the housing market

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

Fortune

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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.

Newcastle Herald

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.

The New Daily

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

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

Newcastle Herald

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

Canberra rents are bucking a national upward trend.

The Canberra Times

'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.

Newcastle Herald

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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.

Newcastle Herald

Rathmines acreage tipped to break suburb record

The record sale for a residential property in Rathmines is $2.45 million.

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Newcastle Herald

Surf's up: Fully furnished Redhead beach house hits the market

The property was a winner at the 2009 Master Builders Association awards.

Newcastle Herald

Merewether property leads weekend auction results

Auctions in Newcastle and Lake Macquarie recorded a clearance rate of 63.3 per cent last week.

Newcastle Herald

Newcastle and Lake Macquarie weekend auction preview

There are 12 auctions scheduled across Newcastle and Lake Macquarie this weekend.

ABC News

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

Fortune

National home prices just bottomed out, says real estate data juggernaut CoreLogic

"Prices in most markets have already bottomed out" says Selma Hepp, Chief Economist for CoreLogic.

The Guardian - AU

Housing values in some wealthy Australian suburbs have slumped more than a quarter, data reveals

Affluent areas of capital cities ‘lead both the upswing and the downturn’, according to property data expert

Fortune

Is this a home price bottom or a head-fake? 79 major housing markets saw gains in February while 19 declined

The home price correction is running out of steam—fast.

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