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The Latest Breaking News from Eliza Owen

Downturn in house values as 'something's got to give'

Australia's two most populous cities have signalled the beginning of a property downturn amid widening gaps between income, borrowing capacity and home values.

AAP

Australia’s housing market ‘buckling’ under widening gap between income and home values, report finds

Housing prices fell by 0.1% in December but dip likely to be ‘shallow and short-lived’, according to CoreLogic

The Guardian - AU

Falling house prices and drop in Victorian rental numbers could mark rise of owner-occupiers

Buyers looking to move in could benefit from 6.5% drop in market since March 2022 as state claims largest share of first home buyer finance

The Guardian - AU

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Homeowners making hundreds a week even without tenants

People who own property might be able to make more than $30,000 a year, if the market is good, simply by holding onto their asset for about nine years.

AAP

Australians making record $295,000 median profit on home sales, report shows

Brisbane the most profitable city in September quarter while Melbourne the only capital city market to record more loss-making sales

The Guardian - AU

A small Victorian tourist town of 2,600 people has 100 properties for sale. What’s going on in Bright?

With few homes for rent and a chef living in a van, the Alpine shire town is described as an ‘extreme version’ of Australia’s housing crisis

The Guardian - AU

Meet the forever renters: ‘Nobody wants to be in share housing when they’re in their late 70s’

After long careers and now expecting easier lives, a cohort of older Australians are instead struggling with housing affordability and security

The Guardian - AU

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State treasurer rattles tin for federal housing support

More federal government funding is needed to support housing, one state treasurer says as falling inflation opens the door for interest rate cuts.

AAP

The unassuming Canberra suburb where people don't want to sell

'It felt airy - like you could really breath around here.'

The Canberra Times

'They want to feel supported': why so many women feel buying a home is crucial

More women than men see owning a home as 'extremely important'.

The Canberra Times

Sydney, Brisbane and Canberra rents heading down new report shows

Nationally rents also seeing reduction in rental price growth.

The Canberra Times

Has Newcastle entered a buyers' market? Property experts weigh in

'More buyers equals more demand, so now is the sweet spot.'

Newcastle Herald

Buyers market? Canberra's subdued spring property season

But it may not be as simple for first home buyers.

The Canberra Times

Could a 'robust' spring selling season slow home prices in Newcastle?

98.1 per cent of sellers sold for gains in the June quarter.

Newcastle Herald

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The Canberra Times

Canberra records the largest monthly drop in dwelling values in the nation

New report shows values of units and houses both fell in August.

AAP

Economy 'nowhere near recessionary' despite predictions

Australia's economic forecasts might not be as positive as hoped but there are still signs of strength in the economy, an expert says.

The Canberra Times

Looking to sell this spring? Here's what you should know

A 'two-speed market' in play for the coming season.

Newcastle Herald

Time to sell or buy? Spring market update for Newcastle and Lake Macquarie

'Buyer confidence has started coming back'.

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news in one place.

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The Canberra Times

Why Canberra units could be solution for first home buyers

Five suburbs are considered affordable for buying a unit.

The Guardian - AU

Housing approvals fall to lowest level in 12 years despite Labor’s pledge of 1.2m new homes

Approved dwellings drop 6.5% in June amid high interest rates and building costs as CoreLogic rues ‘dismal result’

AAP

Coalition smacked over 'not-so-super' home-buyer plan

Letting people use their super funds to buy their first home under a coalition policy would force up rents and housing prices, according to industry members.

AAP

Flipping good deal: property profits hit a 14-year high

More than 94 per cent of national home sales in the first three months of 2024 recorded a nominal gain, the highest profitability rate since 2010.

AAP

Home prices in three cities are outpacing their peers

Australia's housing market is made up of laggards and leaders in home price growth and the gap is expected to linger in the coming months.

AAP

Rents hit record high as housing shortfall bites hard

Landlords are charging more on the fringes of capital cities as migration meets a shortfall in new housing, driving rents up even further.

AAP

Property profits up as prices keep ticking higher

Australia's real estate resilience has kept on keeping on despite higher interest rates and gloomy consumer sentiment.

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