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The Latest Breaking News from Tim Lawless

A typical income equals mortgage stress as property prices rebound

Australians earning average incomes are now unable to afford houses in capital cities without immediately being thrown into mortgage stress.

The New Daily

Oil prices surge after OPEC+ surprises the market with supply cuts, ASX rises to three-week high

Australian shares rise to their highest level in three weeks, while oil prices surge after a surprise decision by Saudi Arabia and OPEC nations to cut production by more than 1 million barrels per day, and Scott's Refrigerated Logistics is now in liquidation.

ABC News

Migration, high rents put brakes on sliding home prices

Home prices have ticked up after tracking lower for 10 straight months, with high rents and migration both helping to arrest the slide.

The New Daily

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Newcastle house values record growth for second consecutive month

The median house value in Newcastle and Lake Macquarie is $822,693.

Newcastle Herald

New houses drive uptick in dwelling approvals

Sign-off on private sector dwellings has lifted modestly and home prices appear to have found a floor - at least for the moment.

AAP

House prices rise for the first time in 11 months in March, while chronic rental shortage continues

Property prices are climbing nationally for the first time since interest rates started rising, according to CoreLogic, but rents are still surging in major capital cities as a federal report finds 46,500 households are experiencing homelessness.

ABC News

Canberra home price lag defies national uptick

Not all capitals recorded an increase in values.

The Canberra Times

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How your suburb's property values have changed since COVID-19

Use our interactive map to view your suburb.

The Canberra Times

Newcastle and Lake Macquarie set for busy weekend of auctions

There are 44 auctions scheduled across Newcastle and Lake Macquarie this week.

Newcastle Herald

Listings tumble but opportunity knocking

This week is typically considered one of the peak times for property listings.

Newcastle Herald

Developer ALAND lobbies council to expand Parramatta's boundaries to include its Harris Park apartments

A developer is lobbying to officially change the boundary between two western Sydney suburbs to offer potential buyers a more sought-after — and expensive — address.

ABC News

Property prices rise: Is it a turning point, or the eye of the storm?

Property prices across Australia’s three largest capitals inched up over the first half of March in a sign positive momentum is building.

The New Daily

Australia records largest drop in house and unit values within one year, CoreLogic data shows

Australia records its largest decline in house and unit values, according to CoreLogic data, with a drop of 7.9 per cent in a year.

ABC News

House price falls ease in February with Sydney posting a rise as real estate listings dry up

A lack of properties for sale and the first rise in Sydney home prices in more than a year stabilise real estate values across the nation. But for how long?

ABC News

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AAP

Home price slide loses momentum as new listings tighten

The downturn in housing prices appears to be easing but experts say it's too soon to say if it's bottoming out or has further to fall.

The New Daily

Falls in home prices are slowing, but have not hit rock bottom

Tight housing stock has muted home value falls, but experts warn this isn't the end of the road for declines this year.

ABC News

Bob has no idea where he will be living in six weeks as Sydney's rental crisis hits hard

Bob Davis is being evicted from his Sydney rental home of 30 years and doesn't like his chances of finding something else in the city's white-hot market. Housing policy has become a battleground ahead of the state election.

ABC News

Share houses make comeback as rental crisis continues and people lease out spare rooms

The demand for share houses is back to pre-pandemic levels as vacancy rates sit at historic lows and rent and cost-of-living pressures eat into Australians' budgets.

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The Guardian - AU

Australia’s looming mortgage stress crisis: what the nine interest rate rises mean for households

A quarter are thought to be in mortgage stress already, and another 800,000 face steep rises this year as fixed-term loans end. Experts discuss ways to cope

AAP

Home values slide further but regions prove resilient

The property downturn is hitting capital cities harder than regions, suggesting higher demand has become permanent for regional markets.

The New Daily

Property prices sink ‘quite rapidly’ as market awaits interest rates peak

Australian property prices have declined again in January, but the pace of the downturn has continued to ease ahead of a rate peak.

Newcastle Herald

'A lot less competition': house values in Newcastle and Lake Macquarie fall again in January

The median house value in Newcastle and Lake Macquarie is $815,469.

ABC News

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.

The New Daily

‘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.

Newcastle Herald

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.

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