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The Latest Breaking News from Eliza Owen

Soaring property prices in Australia’s most sought-after regional areas come tumbling down

Rising interest rates and city folk staying put post-lockdowns reverse real estate demand, new data reveals

The Guardian - AU

Thousands of international students set to return to Australia amid rental crisis after China online learning ban

More than 40,000 Chinese students are expected to return to Australia for face-to-face classes, after China announced a snap ban on online learning at foreign universities a fortnight ago.

ABC News

The rental crisis forced Kelly to move into a tent. She's angry it is becoming 'common practice'

Record-low vacancy rates and rising rent prices are pushing many Australians to the limit, and low-income Australians are being hit the hardest.

ABC News

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Scammers circle international students amid university accommodation crisis

University staff are asked to offer beds in their homes to accommodate thousands of overseas students who have nowhere to live due to the rental crisis, as scammers take advantage of the situation.

ABC News

Canberra rental rates decline, yet still most expensive city

While Canberra is the only city to have a decline in rental rates, it is still the most expensive place to loan property in Australia.

The Canberra Times

Rents rising at slower pace despite 'record high' 10pc surge last year, CoreLogic says

Australian landlords passed on their biggest-ever rent increases in 2022, and the cost-of-living situation is unlikely to ease significantly for tenants in coming months.

ABC News

Good news for renters as hot market cools

The red-hot rental market seems to be cooling but vulnerable renters are still under pressure from sky-high prices.

AAP

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Australian home values see largest decline in recent memory, new data shows

Home values have seen their biggest drop since 2019 and experts say they're going to keep declining.

ABC News

Adelaide house prices have continued to rise, leaving home ownership out of reach for some

Despite a national fall in house prices over the past 12 months, Adelaide's went in the opposite direction, leaving home ownership out of reach for now for some people.

ABC News

The regional suburbs in Australia that have recorded the largest value growth since COVID-19 hit

Figures show the biggest changes in values for houses and units in regional areas since the pandemic hit.

ABC News

What Australia's housing market has been doing over the past year

During 2022, eight successive rate rises to combat high inflation quickly hit the housing market, slowing 2021’s extreme growth and remaining at the centre of the fall in Australia’s home prices. So what's next?

ABC News

Rate-rise frenzy fails to force home sales

Fast-paced rate rises are not forcing people to sell up in large numbers but there could be a spike in such sales next year.

AAP

Forced home sales set to rise as borrowers struggle with surging interest rates and mortgage repayments

Australian home owners are spending more of their income on mortgage repayments, and the pain is only set to worsen. Experts say some could be forced to sell.

ABC News

The Australian suburbs where house and unit values have risen the most since COVID-19 hit

One capital city led the charge with eye-watering gains, and some suburbs posting almost 80 per cent growth in housing values since the onset of COVID-19.

ABC News

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news in one place.

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ABC News

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

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?

The Canberra Times

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

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

Newcastle Herald

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.

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news in one place.

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ABC News

What The Block 2022 auction results tell us about Australia's housing market

After months of production, five houses on The Block went under the hammer... or tried to. Here's how their wildly different auction results represent Australia's current housing market.

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.

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

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

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.

ABC News

Elliott Heads farmland to be developed into South Beach master-planned community

It's one of Queensland's last coastal suburbs with blocks of land under $300,000. But this beach haven is about to undergo a metamorphosis that's been decades in the making.

The Guardian - AU

Australians abandon buying first home as loan costs outweigh property price drops

Reserve Bank is expected to again lift the cash rate, extending the most rapid spate of rises since 1994

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