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The Latest Breaking News from CoreLogic

A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach

While house prices are expected to fall nationally as interest rates continue to rise, that won't necessarily improve the plight of first home buyers, according to CoreLogic's latest housing affordability report.

ABC News

Gold Coast, Sunshine Coast property prices cool but CoreLogic's Tim Lawless says not to worry

The most expensive real estate market in regional Australia is officially cooling, but that doesn't mean it's any more affordable.

ABC News

Two-bedroom Canberra home sells for $1.31 million

The property last changed hands in 2010 for $615,000.

The Canberra Times

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Higher interest rates and mortgage repayments will be 'the new normal' for home owners in 2022, analyst says

The Reserve Bank's 25-basis point increase is just the first of many on the horizon, and Queensland homeowners need to brace for higher home loan repayments over the next 18 months, a leading property analyst says.

ABC News

'Hold tight': Home owners brace for rate hike

"We are of the generation that were paying 17.9 per cent on our mortgages ... so we know what it's like to really buckle down and get through it."

The Canberra Times

Renters competing 'Hunger Games-style' as number of rental properties dwindles

Thousands of Australians who have already given up on buying a home are also facing the prospect of being priced out of the rental market, leading experts have warned.

ABC News

House prices in the Central West rising as values in capital cities drop

Latest CoreLogic figures show house prices in Central West, including Orange and Bathurst, remain strong.

The Canberra Times

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Rate rise to put pressure on home prices

Australian house price growth is slowing nationally and could come under further pressure as official interest rates start to rise.

Crikey

Job advertising shows small fall in April

Job advertising eased by 0.5 per cent in April, but was still 26.3 per cent higher than a year earlier and pointing to strong employment gains ahead.

AAP

Manufacturing recovery extends into April

Manufacturing is growing at its fastest pace in almost a year, despite the constraints of skilled worker shortages and rising input prices and wages.

Crikey

Locked out: housing has become a path to wealth, but renters have been left behind

Analysis: Graphs show the pressures felt by renters around Australia as major party policies on housing affordability stagnate

The Guardian - AU

Interest rates are set to start rising. What does that mean for mortgage holders and homebuyers?

The RBA could hike rates as early as May. Will borrowers race towards fixed-rate home loans?

The Guardian - AU

Fears of housing bubble mount, but any correction won’t be like the last

In the first year of the pandemic, home values defied expectations by skyrocketing. During the second year of life with COVID, property prices soared even more.

Tribune News Service

26 more Newcastle suburbs set to qualify for the updated low-deposit scheme

First home buyers in Newcastle with a low deposit are set to have more choice come July 1, following the federal government's announcement it would increase the price caps under its First Home Guarantee scheme.

Newcastle Herald

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The Canberra Times

The seven Canberra suburbs where house values have declined

As Canberra's median house price creeps up, several ACT suburbs have begun seeing a fall in prices.

ABC News

Rents 'explode' across the country, as house prices fall in many Melbourne, Sydney suburbs

Record low numbers of available rental properties across the country are pushing up the price of rents in a "crisis" that analysts predict will worsen.

ABC News

Brisbane's median property values race to a record high, jumping more than 40 per cent in some suburbs

Greater Brisbane's property market is gaining steam, even as values ease in Sydney and Melbourne. But the double-digit rise in just 12 months comes with a warning that Brisbane could follow trends seen down south.

ABC News

Port Lincoln properties under threat from climate-driven coastal erosion, study finds

A CoreLogic report finds the city is among the most at risk in SA, but a real estate agent says there are still plenty of good years ahead.

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The Canberra Times

New report reveals harsh reality for Canberra renters

Canberra renters will typically fork out $50 more per week than Sydneysiders.

The New Daily

‘It’s over’: The COVID property boom is ending as prices fall in Sydney and Melbourne

March house price falls will be welcomed by buyers after a two-year boom that's seen property values rise by 18.2 per cent over the past year alone.

ABC News

Property boom over in Sydney and Melbourne — but prices still rising elsewhere

Property prices now seem to be cooling off after the pandemic boom, at least in the biggest cities, but many prospective first home buyers have already been priced out of the market.

The Canberra Times

There's a pretty big problem for Canberrans in the new first home buyer scheme

In Canberra, the scheme is capped at $500,000 properties despite the median house price now more than $1 million.

The Guardian - AU

Gold Coast suburb has $1.4bn in property at ‘very high risk’ from coastal erosion

Paradise Point has 20% of its housing stock vulnerable to erosion or storm-surge damage, CoreLogic says

ABC News

Will the first home buyer deposit scheme drive up house prices? What if you cannot find an affordable home?

Both the government and Labor agree that expanding the first home loan deposit scheme is one way to help people buy their own home, but some experts are worried it might address a symptom, not the cause, of soaring house prices.

ABC News

Tens of billions of dollars' worth of property facing climate and erosion risk, analysis shows

Analysis finds climate change is threatening coastal homes, property values and the ability for buyers to secure bank loans and insurance.

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