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The Latest Breaking News from Nicola Powell

Rents rise again across Australia with Sydney seeing fastest rise in 20 years

Median unit in harbour city now costs more than median house in every other capital, Domain says, as immigration adds to rental ‘pressure cooker’

The Guardian - AU · Jul 5, 2023

Mum's touching tribute to son spotted at Glastonbury Festival 2023 Pyramid Stage

Nicola Powell told the ECHO she wanted to "walk in her son's footsteps" at this year's festival

Liverpool Echo · Jun 25, 2023

Forced property sales on the rise in outer Sydney as interest rate hikes start to bite

Domain data shows distressed listings as a share of the national market remain low but there’s been an uptick in outer suburban pockets

The Guardian - AU · Jun 23, 2023

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Canberra to maintain million-dollar house price median: report

Meanwhile, unit prices in Canberra are predicted to remain volatile.

The Canberra Times · Jun 22, 2023

Treasurers to discuss housing supply, affordability

Housing supply and affordability will be a key issue for the federal treasurer and his state and territory counterparts as the Greens block the housing fund.

The New Daily · Jun 22, 2023

‘Big call’ on RBA governor to be made in July

The next governor of Australia's central bank will be announced in July, Treasurer Jim Chalmers says, amid mounting speculation.

The New Daily · Jun 21, 2023

House prices will keep rising into next year, says Domain, as immigration boosts demand

Sydney to lead recovery with 6% to 9% increase by next June while Melbourne, Adelaide, Perth and Brisbane will come close to or beat record highs

The Guardian - AU · Jun 21, 2023

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Mum to walk in son's footsteps at Glastonbury after his tragic death

Callum's funeral was held ten days before he was due to be going to the festival

Liverpool Echo · Jun 16, 2023

Inner South leads auction clearance rate decline in Canberra

"We're seeing a lot more buyers pull out the night before."

The Canberra Times · May 5, 2023

'Our weakest capital city': Canberra's median house price plunges from peak

Canberra's housing market is falling hard and fast.

The Canberra Times · Apr 28, 2023

Rents are at a record high across Australia, according to a new report

Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices.

ABC News · Apr 5, 2023

Families ditch lifestyle homes for affordability

Cost of living pressures are driving demand for homes in school zones in affordable city fringe locations.

AAP · Feb 20, 2023

Value for money worse for home buyers as blocks shrink

The true cost of homes is rising as shrinking block sizes fail to make housing more affordable in both cities and regional communities.

AAP · Feb 9, 2023

‘Green shoots’: Housing market outlook improves, despite further falls in property prices

The slide in Australian property prices eased sharply over the December quarter, with fresh data revealing falls slowed six-fold.

The New Daily · Jan 24, 2023

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AAP · Dec 7, 2022

Mortgage cliff looms as cheap loans expire

Housing affordability has taken a hit from rising mortgage rates and spiralling inflation, bringing an end to the property boom, but buyers are more prepared.

Pedestrian.tv · Nov 29, 2022

A New Rental Affordability Report Has Found Sydney Isn’t The Worst City To Rent So We’re All Fkd

The rental affordability report found Hobart — no, not Sydney — was Australia's least-affordable city to be a renter in 2022.

AAP · Oct 26, 2022

House prices plunge 4.9 per cent from peak

The housing market has tumbled in capital cities across the country, with prices down 4.9 per cent from their March peak.

ABC News · Oct 25, 2022

Sydney house prices have dropped by 10 per cent this year, according to latest data

House prices in Sydney fell by 10 per cent since the peak in February, with the median value in the city dropping to $1,042,276.

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Pedestrian.tv · Oct 13, 2022

‘Painful To See’: Rising Rents Contributed To A 10% Spike In Homelessness In NSW Since 2020

Homelessness in New South Wales has increased 10% since the pandemic began, a new report found. Meanwhile, rents reached a new record high.

AAP · Oct 12, 2022

Rate spike caught home owners off guard

More than half Australia's mortgage holders did not believe the cash rate would hit the heights it has when they took out their home loan.

ABC News · Sep 20, 2022

How the pandemic triggered Australia's worst rental crisis

Advertised house rents have hit record highs in 85 per cent of suburbs profiled in exclusive new data. These maps reveal the areas facing the biggest hikes in rent since the start of the pandemic.

The New Daily · Aug 23, 2022

The boom-bust myth: Why property prices may not fall as much as you think

Australians expecting a massive plunge in property prices to below pre-COVID levels are going to be disappointed, according to new research.

The Guardian - AU · Jul 13, 2022

‘A landlord’s market’: rents hit record highs across Australia’s capital cities

House and unit rentals went up by 12% in the past year alone – the largest annual increase in 14 years

Pedestrian.tv · Jun 21, 2022

Rental Vacancy Just Hit An All-Time Low And Yes, The Sharehouse Market Is Cooked Too

Aus's rental vacancy rate has dropped to an all-time low and sharehouse vacancy has plummeted as unaffordability locks people in longterm.

ABC News · Apr 29, 2022

Regional housing markets approaching peak, but still growing faster than capital cities

Regional house prices are still going stronger than in some capital cities, despite a slowing that charities say will do nothing to help renters in crisis.

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