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The Latest Breaking News from Tim Lawless

New homes lead the way in energy efficiency

Canberra boasts the most energy efficient homes in Australia but cities with older stock like Sydney and Hobart are lagging.

AAP

Life without Bill Shorten: Labor eyes frontbench reshuffle

Anthony Albanese is considering a new-year cabinet shake-up following the retirement of Bill Shorten, and the housing market appears to finally be losing steam.

Crikey

Building data nailed but future framework doubts linger

Home building approvals have broken a two-year ceiling but industry groups warn it's not enough to meet a target of 1.2 million homes by 2029.

AAP

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Australia’s housing market loses steam with prices falling in Sydney and Melbourne

More houses for sale in country’s two biggest cities in November than there were at this time of year since 2018

The Guardian - AU

Canberra's auction clearance rates drop to their lowest level since 2020

'Diminished sense of urgency because there is so much on the market.'

The Canberra Times

Canberra house prices drop in October with trend set to continue

Only two regions in ACT increased dwelling values across the period.

The Canberra Times

Property market easing with falls across four capitals

Slowing momentum in home price growth bodes well for those hoping to get a foot on the property ladder as the central bank weighs rate cuts.

AAP

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Australian home prices hit new high during spring rush but Sydney records small slip

Perth, Adelaide and Brisbane remain the strongest capital city property markets, with prices up 20.58%, 14.91% and 12.51% over the past year

The Guardian - AU

The suburbs where homes are being snapped up

Time on market is the lowest in Canberra's outer suburbs.

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

Canberra home values seem steady until you take a closer look

Two large regions are experiencing different markets.

The Canberra Times

Australia’s housing crisis may be starting to ease as home prices fall in four capital cities

New data also shows auction figures softening while rent rises are at their slowest pace in years

The Guardian - AU

China stimulus a 'very good development for Australia'

After iron ore prices plunged by more than a third since the start of the year, Chinese stimulus measures spell good news for the Australian budget.

AAP

High-density living now the realistic option for first home buyers

Is this the end of Australia as a freestanding home nation?

The Canberra Times

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The Guardian - AU

Melbourne is the only Australian capital to see a drop in house prices. What’s going on?

The Victorian city seems to be on a different trajectory to others – what might that mean for housing affordability?

AAP

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

The Canberra Times

Canberra houses are outpacing units in value - and for good reason

Home value index shows slow growth during July.

The Guardian - AU

Adelaide home prices could soon surpass Melbourne as Victorian capital slumps

Fall of 4.4% since peak in 2022 bucks broader trend, PropTrack finds, with national real estate prices 6.3% higher than a year ago

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The Canberra Times

Construction costs cool but expert 'can't think of any winners here'

'Perfect storm' emerging for a year of pressure on the industry.

AAP

Cheaper materials take edge off home-building costs

Residential construction costs have finally stabilised after a prolonged period of strong price growth put pressure on the industry.

The Canberra Times

Why foreign home buyers are spending their money in Canberra

Foreign property purchases have soared by 80 per cent.

The Guardian - AU

Helicopter rides and a wealthy contact list: inside Australia’s luxury real estate market of $60m-plus homes

Forget interest rates and consumer sentiment – luxury markets are swimming in a completely different lane, agents say

Newcastle Herald

$45,000 in a year: How Newcastle house prices keep climbing

Low supply is keeping prices high across Australia.

AAP

Average Australian house price hits almost $800,000

Soaring house prices might please home owners but for those trying to enter the market the odds are stacked against them as chronic housing shortages persist.

The Canberra Times

Canberra overtaken as second-most expensive housing market

Another capital city has seen huge price gains since COVID.

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