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The Latest Breaking News from Tim Lawless

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.

The New Daily

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

The Guardian - AU

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…

Tribune News Service

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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

The Guardian - AU

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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.

Newcastle Herald

Property prices dropped further in September and falls ‘could accelerate’ again with rate rise

Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around Australia

The Guardian - AU

Home values fall for fifth straight month

Home values have dropped in nearly all Australian capital cities as interest rate rises weigh on property prices.

AAP

Property prices drop nationally again, with Sydney diving 6pc annually and regional Australia following suit

Interest rate hikes are continuing to hit the property market, with capital city housing markets falling by up to 6 per cent in the past three months.

ABC News

Darwin's rising property values attracting investors, putting pressure on Northern Territory renters

With the cheapest homes of any capital and prices on the up, real estate experts are calling Darwin an "investor's dream". But as competition heats up, the divide in the housing market is growing.

ABC News

Hunter house prices record their biggest decline in decades

Price declines weren't isolated to the Newcastle or Hunter regions, with a similar story playing out across the country.

Newcastle Herald

Housing lending down as prices plunge

New loan commitments fell 8.5 per cent in July as a report shows property prices have taken a deep dive.

AAP

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Newcastle Herald

Biggest decline in decades

The last time Newcastle had a fall in dwelling values larger than 2.2 per cent was in December 1992, when values fell by 2.4 per cent

The New Daily

Property prices fall at fastest rate in 39 years as rate hikes bite

Australian property prices have posted their largest single-month decline since 1983 as rising interest rates bite into home values across most capitals.

The Canberra Times

Canberra house values drop 2 per cent as downswing accelerates

While house values a declining fast, units in the territory are yet to experience the same trend.

AAP

Housing downturn endures, outlook unclear

The housing market is cooling off across many capital cities, but it's unclear how far and fast prices will drop.

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ABC News

Australian house prices set to drop further as interest rates surge. Here's a round up of what's happening with property prices across Australia

Australian house prices are dropping at their fastest pace since the global financial crisis, data shows. Here's what's happening in your capital city.

ABC News

Even with a historic fall in house prices, rents are tipped to rise by as much as 10 per cent. Will they ever go down?

Though house prices are falling at a historic rate, rents are tipped to go up as much as 10 per cent over the next year. So when will rents ever go down?

Pedestrian.tv

Australian House Prices Are Falling At Their Fastest Rate Since The GFC So WTF Does That Mean?

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 Canberra Times

Canberra unit values fall as housing downturn accelerates

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

The Guardian - AU

Australian property prices tumble at rates not seen since GFC

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

ABC News

Australian house prices fall at 'fastest rate' since 2008 financial crisis

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.

The Guardian - AU

Auction clearance rates tumble as rising interest rates sap Australian homebuyers’ appetite

CoreLogic data for June quarter highlights ‘tougher seller conditions’ with house prices in Sydney and Melbourne roughly in line with a year ago

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