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The Latest Breaking News from CoreLogic

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

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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

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

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Canberra home price lag defies national uptick

Not all capitals recorded an increase in values.

The Canberra Times

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.

Fortune

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

Auctions numbers down across Newcastle and Lake Macquarie

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

Newcastle Herald

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

The Guardian - AU

Listings tumble but opportunity knocking

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

Newcastle Herald

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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.

Newcastle Herald

Top 20: Newcastle and Lake Macquarie suburbs whose prices have skyrocketed since the pandemic

Dwelling values across Newcastle and Lake Macquarie recorded growth of 29.6 per cent since March 2020.

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The New Daily

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 Conversation

Working Australians pay tax in real-time – now the richest Australians making capital gains should too

In drawing up his plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon a really good idea.

ABC News

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.

Newcastle Herald

Fletcher home sets suburb record with $1.75 million sale

The sales smashed the previous record of $1.6 million.

ABC News

Toowoomba housing market remains strong as rising interest rates fail to deter buyers

A tenth consecutive rate rise has done little to deter couples like Anisia and Nathan from owning their own home in Toowoomba, where prices remain 30.4 per cent higher than at the onset of COVID-19.

Fortune

CoreLogic and KPMG make bold housing market calls

CoreLogic thinks U.S. home prices have bottomed, while KMPG expects a 2008-style decline in 2023.

AAP

Rentals under $400 disappearing as prices surge

Affordable rentals are becoming increasingly hard to find as strong demand for rental accommodation continues to outstrip supply.

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