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The Latest Breaking News from CoreLogic

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

Biggest drop since 2004: Newcastle house values fall again

The region's unit market has held steady across the quarter.

Newcastle Herald

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

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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

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.

The New Daily

Why home buyers are 'back in the driver's seat' in the capital

One expert said sellers would need to be realistic about their pricing expectations and be prepared to negotiate with buyers.

The Canberra Times

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Australia records 102 Covid deaths – as it happened

This blog is now closed

The Guardian - AU

House prices slump to be offset by rates

As house prices across Australia drop, first home buyers are being urged to act fast before interest rate hikes make borrowing more expensive.

Crikey

Gold Coast unit prices slowing but bucking downward trends as Australia's property market eases

The Gold Coast's iconic high-rises are home to some of the most expensive units in the country, and while a downturn in the property market is being felt across Australia, the Glitter Strip's unit prices are still strong.

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

Meremere v Normandale – the suburbs turning the house price tables

Ahead of this week's anticipated interest rates hike, we discover which sunny suburbs are hardest hit by the property slump – and which ones are bucking the trend.

Newsroom.co.nz

'Pincer movement' hitting home owners

Rising rates, higher inflation and declining house prices mean Australian households are being whacked from all directions.

AAP

‘Pincer movement’ hitting home owners

Rising rates, higher inflation and declining house prices mean Australian households are being whacked from all directions.

Crikey

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news in one place.

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ABC News

Perth rental vacancy rate drops as rising costs push vulnerable West Australians to the brink

Perth's rental market becomes even tighter with a vacancy rate of less than one per cent, the latest property data shows. Meanwhile, median rents are continuing to rise as more West Australians struggle to make ends meet.

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.

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.

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ABC News

The Loop: The PM arrives in Paris, house prices fall nationally, and the new financial year brings new policies

Here's your TL;DR for this morning's news.

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.

Crikey

House prices in descent as rates rise

Home values fell across the country in June, particularly in Sydney and Melbourne, after the central bank raised interest rates for the second month in a row.

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 Street

Should You Buy or Should You Rent: Housing Woes

Overall home prices soared 20.4% in the 12 months through April, according to the S&P CoreLogic Case-Shiller Index.

The New Daily

Regional towns set for ‘growing pains’ as young people abandon cities

Young people are trading in cities for regional towns as high property prices and more working from home encourage a move to the country.

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

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