The Latest Breaking News from Tim Lawless

As interest rates rise, prices are already down 3% in Sydney and 1.8% in Melbourne, with other capitals tipped to follow suit

One property expert said Canberra buyers had "more stock to choose from, less urgency and some leverage at the negotiation table".

Australian home prices have fallen nationally for the first time in at least 20 months, according to two leading monthly indices, although many parts of the country are still in a property boom.

Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes for some Australians, according to the Reserve Bank.

The most expensive real estate market in regional Australia is officially cooling, but that doesn't mean it's any more affordable.

The Reserve Bank's 25-basis point increase is just the first of many on the horizon, and Queensland homeowners need to brace for higher home loan repayments over the next 18 months, a leading property analyst says.

RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?

Rise to 0.35% increases median monthly home loan repayment by up to $118, but rates predicted to reach 2% in a year’s time

The RBA could hike rates as early as May. Will borrowers race towards fixed-rate home loans?