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The Latest Breaking News from Tim Lawless

Affordability woes could fuel demand for unit living

Land values, a scarcity factor and the need for more space during COVID-19 lockdowns have turned the gap between house and unit prices into a chasm.

AAP

Newcastle home prices up just 0.1 per cent in January

'It is pretty clear some momentum has come out of the marketplace'.

Newcastle Herald

Australia’s property market upswing continues as house prices and rents rise again

Home values rose 0.4% in January and rents increased 0.8% but the housing market remained varied around the country

The Guardian - AU

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Port Stephens tops NSW list for huge house price growth since COVID

Shoal Bay prices have risen by 70.9 per cent since 2020.

Newcastle Herald

Sea changers flock to more affordable coastal towns

Home buyers moving to the seaside are looking to buy for well under $1 million, with affordable coastal markets in Western Australia booming.

AAP

Slight dip in Canberra property values to end mostly flat year

House prices are still up 30% on pre-COVID numbers.

The Canberra Times

House prices to fall by 3-5pct after flat end to 2023

The Australian housing market ended 2023 on a flat note, despite respectable gains across the year, and are likely to fall going into 2024, experts say.

AAP

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Australia’s property market faces fresh peaks and troughs with slowing prices and interest rates tipped to drop

Price trends are unlikely to be straightforward in 2024, even if the RBA’s next move is a rate reduction

The Guardian - AU

Home prices growth in Newcastle and Lake Macquarie top in state in November

The median house value in Newcastle has climbed to $878,672.

Newcastle Herald

Housing prices back at record levels, defying Australia’s interest rate rises

The 7.5% drop from the April 2022 peak has been recovered, but some cities are faring better than others, CoreLogic analysts say

The Guardian - AU

Australian property market may soon cool as rate hikes shrink borrowing capacity

Surge in population and faltering supply of new housing had held up Australia’s property market, but rising interest rates expected to cool prices

The Guardian - AU

'It is definitely slowing down': Newcastle house values up but growth slows

The median house value in Newcastle and Lake Macquarie is $863,276.

Newcastle Herald

Housing rebound eyes new mark but rates threat looms

National home prices are about to hit a fresh peak in October, though the pace of growth is starting to slow.

AAP

Good news for Canberra house buyers

House values in the ACT are growing at a much slower pace than other capitals.

The Canberra Times

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The Guardian - AU

Economists split over chance of August rate rise as Australian property price rebound slows

Analysts differ over whether Reserve Bank will raise the cash rate another 25 basis points in the 13th increase since May 2022

The Canberra Times

Canberra the only capital city to record a decline in home values

It should be seen as a 'stabilisation' of values, one expert says.

The Canberra Times

The Canberra suburbs with the most homes for sale

And where more listings are expected to come up soon.

The Guardian - AU

Senator ‘working on’ settlement referral – as it happened

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AAP

Housing lending records strongest lift since last 2021

The rebounding property market has been showing up in higher home loan commitments but interest rate hikes could weigh on the home price turnaround.

The Canberra Times

ACT home values rise again, putting sellers back in 'driver's seat'

'Sluggish' selling conditions are starting to turn around.

The Guardian - AU

$15,000 more a year: Australia’s homeowners brace as interest rate hikes bring ‘mortgage cliff’ closer

Rate rises mean that households with an average $576,985 mortgage will have to find an extra $1250 a month

ABC News

Queensland property prices tumbled after boom but now every region is rising again

The real estate rollercoaster continues as research shows house prices have been rising again throughout Queensland over the past three months.

The Canberra Times

Mortgage affordability in ACT at its worst since 1990

It hasn't been this tough since 1990. The cash rate was 17 per cent at the time.

Newcastle Herald

Home prices on the rise again, including regional Australia

Regional home prices are also going up in price.

The Guardian - AU

‘Toxic masculinity is alive and well,’ Liberal senator tells estimates – as it happened

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