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The Latest Breaking News from Domain

Here’s What To Expect From The Rental Market In 2024, According To An Intriguing New Report

Hope is on the horizon for renters in 2024 as rent increases look to be slowing down, but genuine relief is still a long way off.

Pedestrian.tv

A $55k Falling Down Shack In Victoria Was One Of Australia’s Most Viewed Properties In 2023

One of the most clicked on "bargain" house listing in Victoria in 2023 was a run down hovel in Beulah, and if that doesn't sum up the housing market I don't know what does.

Pedestrian.tv

These Suburbs Are The Best To Find A Rental In Amid Low Availability And Record Competition

Renters in Melbourne City are likely to come out of the impeding changeover season unscathed with the highest vacancy rate in Australia.

Pedestrian.tv

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Better month for home approvals but new building soft

The outlook for new home building is looking lacklustre as delays, high costs and interest rate hikes make it difficult to get new projects off the ground.

AAP

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

Antony Catalano's new View opens door on 11m properties

View's map search function covers 95 per cent of the population

The Canberra Times

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.

AAP

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Sydney leads Australia’s house price rebound with $500-a-day ‘hyper-growth’

Domain data shows fastest national rise since late 2021 and all capitals bar Canberra in recovery mode

The Guardian - AU

Is Victoria planning to impose rent freezes and will that solve the housing crisis?

Labor is mulling a cap on prices and a levy on Airbnb-type listing. But some experts say that won’t do enough to fix the key problem of lack of supply

The Guardian - AU

This Was The Cheapest House Sold In Aus Last Weekend & Sure, I’d Love Shit-Stained Floorboards

I need a shower immediately, preferably not in that bathroom.

Pedestrian.tv

City apartment rentals cost almost as much as a house

Tenants are still facing sharp price increases, with the cost of renting a unit catching up with houses in some big cities.

AAP

Rents rise again across Australia with Sydney seeing fastest rise in 20 years

Median unit in harbour city now costs more than median house in every other capital, Domain says, as immigration adds to rental ‘pressure cooker’

The Guardian - AU

Forced property sales on the rise in outer Sydney as interest rate hikes start to bite

Domain data shows distressed listings as a share of the national market remain low but there’s been an uptick in outer suburban pockets

The Guardian - AU

Treasurers to discuss housing supply, affordability

Housing supply and affordability will be a key issue for the federal treasurer and his state and territory counterparts as the Greens block the housing fund.

The New Daily

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The New Daily

‘Big call’ on RBA governor to be made in July

The next governor of Australia's central bank will be announced in July, Treasurer Jim Chalmers says, amid mounting speculation.

The Guardian - AU

Greens and Coalition unite to refer bill to its own inquiry – as it happened

This blog is now closed.

The Guardian - AU

Morning Mail: Titan sub search focuses on underwater ‘noises’, Islanders fight gas plan, house prices to rise

More sounds have been heard in the area being searched for the submersible missing in the North Atlantic

The Guardian - AU

House prices will keep rising into next year, says Domain, as immigration boosts demand

Sydney to lead recovery with 6% to 9% increase by next June while Melbourne, Adelaide, Perth and Brisbane will come close to or beat record highs

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Pedestrian.tv

An Overgrown, Mould-Covered Piece Of Shit Has Just Hit The Sydney Housing Market For $2.5 Mil

An "abandoned" and "unliveable" house in Sydney's inner suburbs has just hit the property market with a buyers guide price of $2.5 million.

ABC News

Adam Bandt says rents are rising six times faster than wages. Is that correct?

Greens leader Adam Bandt says rents are rising six times faster than wages. Is that correct? RMIT ABC Fact Check investigates.

ABC News

'Cascade effect' pushing people into homelessness after rental prices, property scarcity hit records

With the national rental vacancy rate at a record low for a fourth straight month, welfare workers say they are seeing more and more people being pushed into homelessness.

ABC News

Rents are at a record high across Australia, according to a new report

Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices.

ABC News

As the rental market tightens, young people are facing greater barriers to find share housing

Younger people looking for share housing are struggling to compete against rising rents and record-low vacancy rates in a heated rental market.

ABC News

Housing crisis has become 'truly national', councils and housing groups say, as they call for $400m funding injection

Councils and housing groups say the coming budget should include a $400 million boost to Commonwealth funding for housing, arguing more Australians than ever are living in cars, caravans and tents.

AAP

Domain half-yearly profits plunge as listings plummet

Domain says its first-half net profit after tax fell by 38.9 per cent to $14.1 million as listings fell with rapidly rising interest rates.

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