The Latest Breaking News from CoreLogic

Fort Myers (United States) (AFP) - Deadly Hurricane Ian, one of the most powerful storms ever to hit the United States, roared into South Carolina on Friday, delivering a powerful second punch after walloping Florida.

The coronavirus pandemic has had profound impacts on the housing market. House flipping and residential real estate investing have risen drastically, with real estate analytics firm CoreLogic reporting that investors bought a record high 28 percent of all single-family homes in the first quarter of 2022.

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.

Experts explain why there is likely more pain ahead for West Australian families struggling to get a roof over their heads, as they share their predictions for WA property prices.

Downturn is entrenched across the country, but fears that falling prices and rising interest rates will hit borrowers have been played down

Thursday: Today’s jobs summit opens with broad consensus on three big-ticket policies. Plus: seven pictures of Boris Johnson looking daft

New loan commitments fell 8.5 per cent in July as a report shows property prices have taken a deep dive.

Australian property prices have posted their largest single-month decline since 1983 as rising interest rates bite into home values across most capitals.

While house values a declining fast, units in the territory are yet to experience the same trend.

Australia's housing market decline spreads across all capital cities and most regional areas, with national prices falling by the most in any month since 1983.

The east side of Lake Macquarie and Newcastle have made a list of the top regional districts in Australia for house value growth over the past three decades.