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The Latest Breaking News from Eliza Owen

Newcastle and Lake Macquarie named among top six fastest-declining property markets in regional Australia

House values in the region recorded falls of six per cent over the last three months.

Newcastle Herald

What The Block 2022 auction results tell us about Australia's housing market

After months of production, five houses on The Block went under the hammer... or tried to. Here's how their wildly different auction results represent Australia's current housing market.

ABC News

Australian home prices fall for six months in a row as interest rate rises bite

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

ABC News

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Why this spring selling season is different

Buyers are in the driver's seat, but it's not all bad news for sellers.

The Canberra Times

Sunshine and Gold Coast properties have boomed since 2020, now they're leading the real estate downturn

It is a long way from a bust, but the booming property prices in Queensland's two most popular regional centres are leading sunshine state's downturn.

ABC News

Perth rental market tightens further as experts tip moderate house price growth

Experts explain why there is likely more pain ahead for West Australian families struggling to get a roof over their heads, as they share their predictions for WA property prices.

ABC News

Elliott Heads farmland to be developed into South Beach master-planned community

It's one of Queensland's last coastal suburbs with blocks of land under $300,000. But this beach haven is about to undergo a metamorphosis that's been decades in the making.

ABC News

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Australians abandon buying first home as loan costs outweigh property price drops

Reserve Bank is expected to again lift the cash rate, extending the most rapid spate of rises since 1994

The Guardian - AU

House price plunge spreads with biggest monthly decline in 39 years

Australia's housing market decline spreads across all capital cities and most regional areas, with national prices falling by the most in any month since 1983.

ABC News

Home prices in 'affordable' regional Queensland towns continue to rise as national housing market drops

The Reserve Bank of Australia has once again raised interest rates for the fourth consecutive month, but this Longreach 20-something has no plans to miss out on life.

ABC News

IMF outlook for world economy could herald dark clouds for Australia

Analysis: Treasurer Jim Chalmers will no doubt reveal inherited budget bungles but he won’t need to look far for new tales of economic woe

The Guardian - AU

Property ownership is not the Australian dream for many lifelong renters

Some young Australians say they are choosing not to buy as property and housing prices climb to unreachable heights. Although there are signs the market is cooling in regional areas.

ABC News

Should you leave your money in superannuation or put it towards a deposit for a first home?

Allowing first home buyers to draw their superannuation will likely, over time, push up house prices, according to many leading economists, but are you better off leaving your money in your super fund or pulling it out for a home deposit?

ABC News

Coalition super housing policy likely to inflate prices by increasing demand, analysts say

Saul Eslake points to ‘unambiguous and unequivocal evidence’ showing such policies lift prices rather than home ownership

The Guardian - AU

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ABC News

Waterfront house in Howrah sells for $8.533 million, breaking Tasmanian real estate records

A waterfront estate on Hobart's eastern shore sells for $8.533 million, breaking the real estate record for a suburban house in Tasmania.

ABC News

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

Expanding the Home Guarantee Scheme comes with pros and cons for first-time property buyers

The government is expanding its home guarantee and the value of properties eligible for it, but experts warn there are risks as well as benefits for would-be buyers.

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.

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news in one place.

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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.

The Canberra Times

New report reveals harsh reality for Canberra renters

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

ABC News

Gympie already had a housing shortage, then the floods hit. Now families are homeless and in crisis

Before the first drop of rain fell on the former Queensland gold-rush town of Gympie in late February, those hunting for a home were becoming desperate. Now they're in crisis.

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.

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

Gold Coast, Sunshine Coast houses selling at record speed according to new data

It comes as "no surprise" to Harcourts Coastal managing director Dane Atherton who says the waiting time for a successful sale is "the lowest in Gold Coast history".

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