The Latest Breaking News from CoreLogic

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

Interest rate hikes are continuing to hit the property market, with capital city housing markets falling by up to 6 per cent in the past three months.

TALLAHASSEE, Fla. — With early predictions of $50 billion in damage from Hurricane Ian, experts worry whether the state’s struggling property insurance system will become another casualty of the storm and lead to even higher premiums.

The coronavirus pandemic has had profound impacts on the housing market. House flipping and residential real estate investing have risen drastically, with real estate analytics firm CoreLogic reporting that investors bought a record high 28 percent of all single-family homes in the first quarter of 2022.

With the cheapest homes of any capital and prices on the up, real estate experts are calling Darwin an "investor's dream". But as competition heats up, the divide in the housing market is growing.

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.

Downturn is entrenched across the country, but fears that falling prices and rising interest rates will hit borrowers have been played down

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New loan commitments fell 8.5 per cent in July as a report shows property prices have taken a deep dive.

Australian property prices have posted their largest single-month decline since 1983 as rising interest rates bite into home values across most capitals.

While house values a declining fast, units in the territory are yet to experience the same trend.