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The Latest Breaking News from CoreLogic

'It is definitely slowing down': Newcastle house values up but growth slows

The median house value in Newcastle and Lake Macquarie is $863,276.

Newcastle Herald

Housing rebound eyes new mark but rates threat looms

National home prices are about to hit a fresh peak in October, though the pace of growth is starting to slow.

AAP

Australian property prices soar to record levels despite higher interest rates

New figures show significant growth in Brisbane, Adelaide and Perth with many suburbs seeing increases of more than 15% and Sydney up by 7.5%

The Guardian - AU

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Renovated North Lambton home tipped to break suburb record

The median house value in North Lambton is $771,000.

Newcastle Herald

Fresh insights into retail sector, housing market

Consumers have been reining in their spending in response to high interest rates and new data may signal a continuation of this trend.

AAP

Extreme weather is a $23 billion problem for the housing market—and growing, but this analytics chief says 'really encouraging' investments are coming to market

CoreLogic's John Rogers says there's movement from "talking about climate change to real action across the supply chain of building homes."

Fortune

Big backyards could hold key to solve housing crisis

The humble granny flat could help deliver much-needed housing supply as shortages continue to push rents skyward.

AAP

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Granny flats are an untapped resource to relieve Australia’s housing crisis, report says

Research identifies 655,000 suitable homes, including 17.6% of all metro properties in Sydney and 13.2% in Melbourne

The Guardian - AU

Where Canberrans could be most at risk of distressed sales

Data shows distressed sales could already be occurring in some regions.

The Canberra Times

PM condemns abuse directed at Lidia Thorpe – as it happened

This blog is now closed.

The Guardian - AU

Renters hit affordability limit as pace of growth eases

Australian renters are getting closer to the maximum they can afford, with as many as 70,000 rentals needed to bring the market into a healthier balance.

AAP

Housing recovery entrenched but pace of growth eases

Home values continue to rise but growth has slowed amid more advertisements for stock and the toll of higher interest rates and cost of living pressures.

AAP

Good news for Canberra house buyers

House values in the ACT are growing at a much slower pace than other capitals.

The Canberra Times

Raising a newborn in a sharehouse: the challenges for new parents during Australia’s housing crisis

‘I don’t think it’s unreasonable to want to be able to provide a safe, healthy home on a professional salary’, says Ada Fitzgerald-Cherry

The Guardian - AU

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AAP

More house flippers take hit, owners staying put longer

The number of Australian home owners selling their properties after only two years has risen, along with the portion of them failing to profit on the resale.

Newsroom.co.nz

National's foreign buyers tax falls $450m short, says economists' review

Analysis of housing data reveals foreigners would need to buy twice as many houses – and many at massively over-inflated prices – for National to pull in its promised $740m tax revenue, Jonathan Milne reports.

The Guardian - AU

Atagi recommends additional Covid vaccine booster for people over 75 – as it happened

Health minister’s office confirms government has accepted expert body’s advice

The Canberra Times

Latest home price data shows positive signs for spring sellers

Canberra's modest growth lagged behind most other capitals.

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The Guardian - US

Hurricane Idalia could become 2023’s costliest climate disaster for the US

Analysts estimate the category 3 storm has already racked up a preliminary cost of $9.36bn, straining the insurance industry

Newcastle Herald

Luxury shed sign of what's in store for Newcastle

As Newcastle grows, so must the council's planning ambitions.

Fortune

The mortgage rate shock regains bite just as the housing market enters into the seasonal soft window

On Tuesday, the average 30-year fixed mortgage rate ticked up to 7.13%.

The Guardian - AU

Economists split over chance of August rate rise as Australian property price rebound slows

Analysts differ over whether Reserve Bank will raise the cash rate another 25 basis points in the 13th increase since May 2022

The Canberra Times

Canberra the only capital city to record a decline in home values

It should be seen as a 'stabilisation' of values, one expert says.

The Canberra Times

Snowy Mountains pub changes hands after 38 years

The sellers share their favourite memories as they call time on the pub.

WEKU

Inflation may be cooling, but the housing market is still too hot for many buyers

The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option.

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