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The Latest Breaking News from Tim Lawless

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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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

Newcastle Herald

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 New Daily

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.

The Canberra Times

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.

AAP

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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?

ABC News

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…

Pedestrian.tv

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 Canberra Times

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

The Guardian - AU

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.

ABC News

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

The Guardian - AU

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The New Daily

Auction sales plunge as property downturn bites

Australians are rushing to auction their homes as the property market sours - but new data reveals many are finding it much harder to sell.

ABC News

Heritage-listed Australian Institute of Tropical Medicine for sale as luxury home in Townsville

Some of the world's most expensive medical research was carried out within the walls of this heritage-listed property in Townsville.

ABC News

CoreLogic data shows Melbourne is Australia's most affordable capital city for home rentals, followed by Adelaide

Melbourne replaces Adelaide as Australia's most affordable city for renting a typical home, but rates are rising everywhere and vacancies are tightening, latest figures show.

The New Daily

Shrinking households help drive up national rents at record pace

Shrinking households and a limited supply of rental properties have combined to push up rents at the fastest annual pace since 2008.

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ABC News

ACT house prices are 'flattening out' as auction clearance rates hit lowest level since 2020

Auction clearance rates in Canberra drop to the lowest levels since 2020, amid predictions the ACT is reverting to a buyers' market.

ABC News

Home prices drop for the second month in a row as Reserve Bank's aggressive interest rate rises hit hard

Aggressive interest rate increases have caused the second monthly fall in home prices across Australia's capital cities. It is the sharpest slowdown in the property market in 30 years.

The New Daily

Sydney and Melbourne lead accelerating housing downturn

Sydney and Melbourne are leading Australia's falling house prices, which are gathering momentum as interest rates rise and consumer confidence takes a hit.

The Guardian - AU

Melbourne ‘space shuttle’ pods containing a single bed for rent for up to $900 a month

Inner city rental listing advertises six capsules stacked in a room as Australian rental crisis worsens

The Guardian - AU

Sydney and Melbourne set to lead property price tumble, with other cities to follow

As interest rates rise, prices are already down 3% in Sydney and 1.8% in Melbourne, with other capitals tipped to follow suit

The Canberra Times

Buyers 'get a look in' as Canberra's auction market cools

One property expert said Canberra buyers had "more stock to choose from, less urgency and some leverage at the negotiation table".

The Guardian - AU

Australia’s borders were closed and population growth stalled – so why are houses so expensive?

Experts say last two years has amplified issues such as a lack of social and affordable housing, a lack of supply and an increase in shorter-term leases

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