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The Latest Breaking News from CoreLogic

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

ABC News

National home prices just bottomed out, says real estate data juggernaut CoreLogic

"Prices in most markets have already bottomed out" says Selma Hepp, Chief Economist for CoreLogic.

Fortune

Housing values in some wealthy Australian suburbs have slumped more than a quarter, data reveals

Affluent areas of capital cities ‘lead both the upswing and the downturn’, according to property data expert

The Guardian - AU

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Is this a home price bottom or a head-fake? 79 major housing markets saw gains in February while 19 declined

The home price correction is running out of steam—fast.

Fortune

Rents are at a record high across Australia, according to a new report

Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices.

ABC News

The most expensive and cheapest suburbs to rent in Newcastle

Eleebana has the highest median rent in Newcastle and Lake Macquarie.

Newcastle Herald

New report reveals rent continues to rise across Queensland, with vacancy rates remaining near record lows

The current market has forced people into larger or shared households as new property data reveals rent in Brisbane increased by 12.3 per cent in the last year.

ABC News

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Why Sydney property prices could be about to rise again

The RBA's decision to keep the cash rate at 3.6 per cent will have an immediate impact on the nation's most expensive housing market, according to one expert, who's expecting buyers, and sellers, in Sydney to spring into action.

ABC News

Australian tenants spending $2,700 extra on rent on average over past year amid record low supply

Rents increase by 2.5% nationally in the latest quarter, according to CoreLogic, with Sydney the most expensive capital city

The Guardian - AU

Hold or hike? Economists divided on whether RBA will raise interest rates for 11th consecutive time

Mixed data and international developments leave monetary experts unclear on Reserve Bank’s cash rate decision for April

The Guardian - AU

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

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

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ABC News

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.

The Canberra Times

Canberra home price lag defies national uptick

Not all capitals recorded an increase in values.

Fortune

Housing market correction weakens—where 7 revised forecast models see U.S. home prices going from here

As the housing market moves into its busier seasonal period, the correction is losing steam. Some markets are rising again.

The Canberra Times

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

Use our interactive map to view your suburb.

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Newcastle Herald

Newcastle and Lake Macquarie set for busy weekend of auctions

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

Newcastle Herald

Auctions numbers down across Newcastle and Lake Macquarie

The auction clearance rate last week was 76.9 per cent, according to CoreLogic.

The Guardian - AU

Australian banks predict another interest rate rise despite hopeful investor outlook

Big four banks believe RBA will lift cash rate by at least another 25 basis points though many predict rises are close to a peak

Newcastle Herald

Listings tumble but opportunity knocking

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

Newcastle Herald

Under the hammer: Elermore Vale home sells under reserve price at auction

The auction attracted two registered bidders.

Fortune

A bifurcated housing market: Average Idaho homeowner sees equity decline by $21K while typical Florida homeowner gained $49K in 2022

Even as the housing slump sees national home prices come down a bit, most homeowners are still up big-time.

ABC News

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.

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