The Latest Breaking News from Tim Lawless

Australian property prices have posted their sixth straight month of decline, with rising interest rates pushing home values lower.

Property prices are plunging fast as rising interest rates push down property prices, leaving the market mired in uncertainty.

Decline comes as RBA documents indicate values may sink as much as 20% nationally from their February peak by end of 2024

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the…

After crunching the numbers, it’s clear that mortgage holders shouldn’t just do nothing, says RateCity’s head of research

Annual tax could be paid for almost 20 years before it equalled the value of a stamp duty payment in parts of western Sydney, calculator suggests

Values across Australia’s capital cities decline for fifth consecutive month – with only Darwin bucking trend

Lower rises expected for the rest of the year, economists say, with the possibility of a pause in the longer term

The latest data from CoreLogic also reveals that the median house price in the region is now $856,513.

Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around Australia

Home values have dropped in nearly all Australian capital cities as interest rate rises weigh on property prices.