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The Latest Breaking News from Tim Lawless

Brisbane and Hobart house prices set record for largest, fastest drop

Both cities hit "spectacular" highs during COVID-19 and have now seen a rapid and steep price decline.

ABC News

‘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

House price rise eats into pandemic gains

Steep price drops in Sydney and the Central Coast suggest the Hunter market could have some way to fall in 2023.

Newcastle Herald

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Australian housing values were down 5.3 per cent in 2022. Here's what's happening in your area

Australian housing prices were down 5.3 per cent over 2022, marking the first time housing values have fallen over the calendar year since 2018. Here's how your region fared.

ABC News

New figures show how much ACT house prices dropped in 2022

The median house value for Canberra is sitting at $961,636.

The Canberra Times

‘Year of contrasts’: National housing values put the brakes on 32-year record growth

Last year saw two capital cities lead the first fall in national house values in four years, but the market hasn't sunk to pre-COVID levels.

The New Daily

Pandemic house price gains slashed across Hunter: Full suburb list

Exclusive data reveals how much your house price has dropped since pandemic peak.

Newcastle Herald

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Home owners brace for one more rate rise this year

The worse could be yet to come for borrowers whose fixed rate ends in 2023.

The Canberra Times

Here’s how Australian house and unit prices are looking in each capital city

The latest figures on Australia's house and unit prices are out. Here's what's happening in your capital city.

ABC News

House value falls ease up in Newcastle and Lake Macquarie

National dwelling values fell 1.0 per cent in November.

Newcastle Herald

Property price falls slowing, but still far from over

Home owners have been hit hard as property prices plummet this year, but new data shows the fall is slowing down.

The New Daily

Australian suburbs plunge out of million-dollar club as house prices fall

Australian suburbs have been kicked out of the million-dollar club, as house prices start to feel the full effects of the interest rate bite.

The New Daily

Christmas spells 'record' rental squeeze for Gold Coast with fewer options than ever

Joel and Ash have been looking for a place to rent since May. They fear they'll have to spend Christmas living out of boxes from a friend's house as landlords pull houses from the long-term rental pool to turn into holiday homes.

ABC News

Distressed housing sales rise as owners succumb to Australia’s rising interest rates

Buyers who overpaid for properties in boom market conditions now feeling the pinch, head of property investor group says

The Guardian - AU

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ABC News

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

The latest data shows Australia's home prices are dropping at their fastest rate since the global financial crisis. Here's what's happening in your capital city.

AAP

Home prices fall for sixth month in a row

The home prices slump is starting to slow down but it may be premature to say the worst is over.

The New Daily

‘Double whammy’ in play as property prices fall for six months straight

Australian property prices have posted their sixth straight month of decline, with rising interest rates pushing home values lower.

The New Daily

More than $100,000 wiped from Sydney property prices as rate hikes bite

Property prices are plunging fast as rising interest rates push down property prices, leaving the market mired in uncertainty.

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The Guardian - AU

Sydney’s property prices dropped 10% this year, with $450 a day lost from average home

Decline comes as RBA documents indicate values may sink as much as 20% nationally from their February peak by end of 2024

Tribune News Service

Global housing market pain has echoes of a crash 30 years ago

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the…

The Guardian - AU

Fixed or variable? A look at how home loan rate options across Australia stack up

After crunching the numbers, it’s clear that mortgage holders shouldn’t just do nothing, says RateCity’s head of research

The Guardian - AU

NSW stamp duty overhaul ‘vanilla’ but could help first home buyers cut costs

Annual tax could be paid for almost 20 years before it equalled the value of a stamp duty payment in parts of western Sydney, calculator suggests

The Guardian - AU

House prices fall as Sydney owners make loss on resales to escape high interest rates

Values across Australia’s capital cities decline for fifth consecutive month – with only Darwin bucking trend

The Guardian - AU

Big issues at play could cause the RBA to make smaller cash rate hikes

Lower rises expected for the rest of the year, economists say, with the possibility of a pause in the longer term

Newcastle Herald

House values continue to fall across Newcastle and Lake Macquarie

The latest data from CoreLogic also reveals that the median house price in the region is now $856,513.

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