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The Latest Breaking News from Eliza Owen

Housing approvals fall to lowest level in 12 years despite Labor’s pledge of 1.2m new homes

Approved dwellings drop 6.5% in June amid high interest rates and building costs as CoreLogic rues ‘dismal result’

The Guardian - AU

Coalition smacked over 'not-so-super' home-buyer plan

Letting people use their super funds to buy their first home under a coalition policy would force up rents and housing prices, according to industry members.

AAP

Flipping good deal: property profits hit a 14-year high

More than 94 per cent of national home sales in the first three months of 2024 recorded a nominal gain, the highest profitability rate since 2010.

AAP

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read the most diverse news in one place.

Home prices in three cities are outpacing their peers

Australia's housing market is made up of laggards and leaders in home price growth and the gap is expected to linger in the coming months.

AAP

Rents hit record high as housing shortfall bites hard

Landlords are charging more on the fringes of capital cities as migration meets a shortfall in new housing, driving rents up even further.

AAP

Property profits up as prices keep ticking higher

Australia's real estate resilience has kept on keeping on despite higher interest rates and gloomy consumer sentiment.

AAP

Buy? Sell? What six property experts say will happen in Newcastle in 2024

Property experts share their thoughts about the year ahead.

Newcastle Herald

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The Canberra suburbs where house prices surged in 2023

An area just outside ACT had the highest growth in the country.

The Canberra Times

Home sellers across Newcastle and Lake Macquarie make $548 million profit

Homeowners in Newcastle gained a median profit of $350,000.

Newcastle Herald

Migrants scapegoated as cause of Australia’s housing crisis a ‘disturbing’ trend, advocates say

Housing and welfare groups call on Anthony Albanese and Peter Dutton to show leadership amid rise in ‘nonsense’ rhetoric

The Guardian - AU

Best and worst performing suburbs in Lake Macquarie and Newcastle in 2023

See the best and worst performing suburbs across the region this year.

Newcastle Herald

Why Australian home prices continue to rise despite interest rate increases

Despite 13 interest rate rises since May property prices are still on the up.

The Canberra Times

Four in five Australian housing markets in growth mode

The rebound in home prices has reached most parts of the country although the pace of growth varies across cities and regions.

AAP

Australian property prices soar to record levels despite higher interest rates

New figures show significant growth in Brisbane, Adelaide and Perth with many suburbs seeing increases of more than 15% and Sydney up by 7.5%

The Guardian - AU

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news in one place.

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The Canberra Times

Where Canberrans could be most at risk of distressed sales

Data shows distressed sales could already be occurring in some regions.

The Canberra Times

Latest home price data shows positive signs for spring sellers

Canberra's modest growth lagged behind most other capitals.

The Canberra Times

Compromise key to affording a home

"The challenge was to find something when it came to budget and area."

Pedestrian.tv

Rent Increases Are Forecast To Decrease Soon So Here’s Why And Everything We Know So Far

Finally some good news.

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news in one place.

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AAP

Rental rises tipped to slow as housing market cools off

Vacancy rates have already started to ease and price growth has begun to slow with analysts tipping further tempering in the market for rental homes.

The Canberra Times

ACT home values rise again, putting sellers back in 'driver's seat'

'Sluggish' selling conditions are starting to turn around.

The Guardian - AU

More Australian homeowners offloading properties at loss as interest rate rises take toll, new data shows

Unit owners particularly vulnerable as profitable national housing sales sank to 92.3% in the three months to March 2023, according to CoreLogic data

Newcastle Herald

Top FOMO suburbs: where no one is selling and demand is high

See our list of all 99 suburbs in Newcastle and Lake Macquarie

The Guardian - AU

Renters asked to ‘pre-apply’ before inspecting properties in Australian cities

Applicants asked for proof of identity, rental and financial history, and references, as listings are snapped up before first showing

The Guardian - AU

‘I’m obviously not first choice’: rental crisis forcing older Australians back into share houses

As the vacancy rate drops to 1.2%, the Reserve Bank chief advises renters to consider sharing – but that is a very difficult option for many people

ABC News

Family living in one room as new report shows 'extreme' rental stress gripping New South Wales

A new report from ANZ and CoreLogic shows since the pandemic rental prices have increased dramatically, and low-income earners would need to spend more than half their pay to secure a rental property.

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