The Latest Breaking News from Tim Lawless

Congratulations, guys! Property analysts reckon house prices across Australia are falling at their fastest rate since the global financial crisis hit in 2008.But there’s a catch.Prices have really only dropped from “exorbitantly expensive” to “slightly less exorbitantly expensive”, according to new data from CoreLogic.The data showed that as at 31…

The rate of housing decline is comparable with the onset of the GFC in 2008, according to one expert.

Interest rate rises lead to dwelling values falling for third month in a row with Sydney prices down 5.2% since January

House prices in Australia are dropping at their fastest since the global financial crisis — and market conditions are "likely to worsen" as interest rates continue to rise, according to property analytics firm CoreLogic.