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The Latest Breaking News from Cotality

AAP Rolling News Bulletin June 1, 0400

AAP Rolling News Bulletin for June 1 at 0400

AAP

FED:Home prices flatline, but no such joy for renters

The cost of buying a home in two big Australian cities has dropped, but rents are likely to continue rising over the coming months.

AAP

Home price falls may signal end of housing super cycle

Rising interest rates, poor affordability, budget tax changes and a political shift towards lower migration could spell the end of a 30-year housing upswing.

AAP

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How Labor’s budget hit the brakes on Australia’s housing market

Economists believe home values are set for their first national slump since 2022, though Australia’s persistent housing shortage means any fall would be short term

The Guardian - AU

Middle ring could be 'hollowed out' by tax overhaul

Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.

AAP

PM rubbishes budget tax speculation as home prices slow

Sydney's home price premium over Brisbane and Perth continues to narrow as values retreat in Australia's two largest cities.

AAP

Economic stress scares off Australian homebuyers as auction clearances fall

Houses are being pulled from auctions as vendors get cold feet amid economic uncertainty about borrowing costs

The Guardian - AU

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Data reveals key to fixing housing affordability crisis

Two major cities are becoming more unaffordable faster than other capitals, as they build fewer homes relative to population growth than Sydney and Melbourne.

AAP

Major capital home prices slip in two-speed market

Australia's housing market is diverging as the biggest capitals go backwards while growth accelerates in mid-tier cities.

AAP

Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell

Homebuyers lose confidence amid higher rates and Iran war-linked price rises across the economy, buyers agent says

The Guardian - AU

Desperate first home buyers are fuelling price ‘up-crash’ at lower end of market, experts say

Biggest house price increases in February come in smaller capital cities as buyers undeterred by interest rate hikes

The Guardian - AU

Major cities flounder in 'two-speed' housing market

Home prices are flat-lining in Australia's biggest cities and surging elsewhere as new national data tells a tale of two housing markets.

AAP

Young women giving up on home ownership as costs rise

Young people, particularly women, are turning their backs on home ownership as up-front and ongoing costs combined with other pressures put it out of reach.

AAP

Regional housing market booms, outpacing capital cities

Buyers are turning to regional Australia for housing affordability, but little relief can be found in some of the fastest-growing areas outside the cities.

AAP

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AAP

Unions call for capital gains rethink as approvals fall

Choppy progress on housing supply is hurting affordability, as calls mount for tax reform to take some heat out of property demand.

AAP

Supply shortage underpins shaky growth in home values

Home price growth picked up in January, but results were mixed across the capital cities, with one jurisdiction leading the way on rental affordability.

AAP

Rate hikes, affordability won't curb house prices

Property professionals are confident that housing prices will continue to grow in 2026, despite worries about higher interest rates and affordability.

AAP

Cheaper houses have lift-off as guarantee takes effect

A five per cent deposit guarantee is helping first homebuyers into the market, but ensuring they pay more for the privilege.

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AAP

Home approvals surge but affordability still an issue

Rent has soared to a median of $817 a week in Australia's most expensive city as a lack of supply stretches affordability to the limits around the nation.

AAP

Weaker housing market tipped as rate hike fears mount

House prices recorded strong gains in 2025 but fears of rate hikes look set to cool Australia's housing market in early 2026.

The Guardian - AU

In Australia’s cost-of-living-crisis, even lawyers are forced to rely on food banks

One in five households earning $91,000 or more experienced food insecurity in the past 12 months, a report has found

AAP

Cyclone-hit coastal town blows away house value gains

The housing market strongly rebounded in 2025 as interest rate cuts, easing inflation and limited supply fired up competition, the latest property data shows.

AAP

Homebuyers at square one as price hikes eat rate cuts

A slowdown in the bellwether housing markets of Sydney and Melbourne suggests that sentiment is starting to sour as hopes of more interest rate cuts dissipate.

AAP

Dire housing affordability widening the wealth divide

An extraordinary rise in demand combined with constrained supply has created a boom in Australian home values and rents over the past five years.

The Guardian - AU

Australian households spend twice as much of income on mortgages than five years ago, report shows

Servicing a new mortgage eats up 45% of a median household’s pre-tax income, up from 26% in September 2020, the analysis reveals

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