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The Latest Breaking News from CoreLogic

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.

The New Daily

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.

ABC News

Under the hammer: Auction of Lambton new build attracts big crowd and big price

The auction attracted an estimated crowd of 80 attendees

Newcastle Herald

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National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

Fortune

‘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.

The New Daily

From interest rates to the ‘race for space’: what is fuelling Australia’s rental nightmare?

After unprecedented growth there are signs rents are beginning to ease, but many experts predict prices will stay high for a while

The Guardian - AU

How much you need to make to afford a $1 million home

Depending on factors including your down payment and whether you're carrying existing debt, we estimate you'd need to earn $210,000 to $290,000 annually to afford a $1 million house.

Fortune

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Dubbo landlords making the highest rental yields amid housing crisis, CoreLogic data shows

Dubbo landlords are making the biggest profit margins in NSW, with the cost of rent rising a further eight per cent in the past year, according to CoreLogic data.

ABC News

Canberra rental rates decline, yet still most expensive city

While Canberra is the only city to have a decline in rental rates, it is still the most expensive place to loan property in Australia.

The Canberra Times

Rents rising at slower pace despite 'record high' 10pc surge last year, CoreLogic says

Australian landlords passed on their biggest-ever rent increases in 2022, and the cost-of-living situation is unlikely to ease significantly for tenants in coming months.

ABC News

Hobart Showground refuge for rental crisis homeless is set to close

For years, Hobart's showground has been a refuge for people like Tereasa, struggling to get a roof over their heads. She is about to be thrown into a rental market that is tight and getting tighter.

ABC News

Australian home values see largest decline in recent memory, new data shows

Home values have seen their biggest drop since 2019 and experts say they're going to keep declining.

ABC News

Plunging home values break 40-year record

Higher interest rates, household debt and the erosion of savings since the pandemic have been blamed for the steepest plunge in home values since at least 1980.

AAP

Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

Among the nation's 27 leading housing researchers, 23 expect U.S. home prices to fall further in 2023.

Fortune

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ABC News

Adelaide house prices have continued to rise, leaving home ownership out of reach for some

Despite a national fall in house prices over the past 12 months, Adelaide's went in the opposite direction, leaving home ownership out of reach for now for some people.

ABC News

Property prices record biggest fall since 2008, ASX sinks to two-month low

The Australian share market wipes out all its gains since early November, despite strong overnight gains across European markets, while property prices suffer their biggest annual fall since the global financial crisis in 2008.

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.

ABC News

Hobart house values drop of 7pc a 'cooling' rather than a 'plummet'

Real estate agents say the era of FOMO — or fear of missing out — in the Hobart property market is over, with values dropping 7 per cent in 2022, but nothing like the plummet some predicted because of interest rate rises.

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AAP

Housing decline picks up speed again

Rising interest rates continue to shave value off Australia's property market, with Melbourne home prices closing in on pre-pandemic levels.

ABC News

Australian housing values were down 5.3 per cent in 2022. Here's what's happening in your area

Australian housing prices were down 5.3 per cent over 2022, marking the first time housing values have fallen over the calendar year since 2018. Here's how your region fared.

The Canberra Times

New figures show how much ACT house prices dropped in 2022

The median house value for Canberra is sitting at $961,636.

The New Daily

‘Year of contrasts’: National housing values put the brakes on 32-year record growth

Last year saw two capital cities lead the first fall in national house values in four years, but the market hasn't sunk to pre-COVID levels.

ABC News

The regional suburbs in Australia that have recorded the largest value growth since COVID-19 hit

Figures show the biggest changes in values for houses and units in regional areas since the pandemic hit.

Newcastle Herald

How house prices have changed in your suburb

The number of million-dollar house sales in the Hunter has ballooned by 268 per cent in the past two years.

ABC News

What Australia's housing market has been doing over the past year

During 2022, eight successive rate rises to combat high inflation quickly hit the housing market, slowing 2021’s extreme growth and remaining at the centre of the fall in Australia’s home prices. So what's next?

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