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The Latest Breaking News from Eliza Owen

Economists say rental price caps are a 'viable' short-term solution to the housing crisis, but some fear it could backfire

Despite increased rental assistance measures in Tuesday's budget, calls to cap rents are growing louder, with economists saying that step has been successful overseas, however, analysts warn it may make the housing crisis worse.

ABC News

Sydney oceanfront property sells for close to $45 million amid cost-of-living crunch

The bungalow was owned by late radio star Harry Griffiths and has been held by the family for more than six decades.

ABC News

It's touted as one solution to Australia's housing crisis, but what is build-to-rent? And can it live up to the hype?

Is it possible to have affordable housing and good rental conditions in Australia? It has to be something embedded by design, housing researchers say.

ABC News

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The most expensive and cheapest suburbs to rent in Newcastle

Eleebana has the highest median rent in Newcastle and Lake Macquarie.

Newcastle Herald

Australian banks predict another interest rate rise despite hopeful investor outlook

Big four banks believe RBA will lift cash rate by at least another 25 basis points though many predict rises are close to a peak

The Guardian - AU

Top 20: Newcastle and Lake Macquarie suburbs whose prices have skyrocketed since the pandemic

Dwelling values across Newcastle and Lake Macquarie recorded growth of 29.6 per cent since March 2020.

Newcastle Herald

Rentals under $400 disappearing as prices surge

Affordable rentals are becoming increasingly hard to find as strong demand for rental accommodation continues to outstrip supply.

AAP

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Newcastle house prices up but it might be short-lived

The median house value is $818,893.

Newcastle Herald

Falls in home prices are slowing, but have not hit rock bottom

Tight housing stock has muted home value falls, but experts warn this isn't the end of the road for declines this year.

The New Daily

'The market is forever changing': Property prices adjusted in Newcastle's top end to meet the market

The house was previously on the market for 127 days.

Newcastle Herald

Byron Bay property prices plunge as some regions buck trend, according to CoreLogic data

In a case of what goes up must come down, property prices in Byron Bay have plunged 25 per cent in the past 12 months. But not all regions have fallen. Here's how they performed.

ABC News

Albanese calls out Greens 'fantasy' housing idea

A multi-billion dollar plan for social and affordable housing could be derailed if the federal government is unwilling to work with the Greens on changes.

AAP

Soaring property prices in Australia’s most sought-after regional areas come tumbling down

Rising interest rates and city folk staying put post-lockdowns reverse real estate demand, new data reveals

The Guardian - AU

Thousands of international students set to return to Australia amid rental crisis after China online learning ban

More than 40,000 Chinese students are expected to return to Australia for face-to-face classes, after China announced a snap ban on online learning at foreign universities a fortnight ago.

ABC News

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ABC News

The rental crisis forced Kelly to move into a tent. She's angry it is becoming 'common practice'

Record-low vacancy rates and rising rent prices are pushing many Australians to the limit, and low-income Australians are being hit the hardest.

ABC News

Scammers circle international students amid university accommodation crisis

University staff are asked to offer beds in their homes to accommodate thousands of overseas students who have nowhere to live due to the rental crisis, as scammers take advantage of the situation.

The Canberra Times

Canberra rental rates decline, yet still most expensive city

While Canberra is the only city to have a decline in rental rates, it is still the most expensive place to loan property in Australia.

ABC News

Rents rising at slower pace despite 'record high' 10pc surge last year, CoreLogic says

Australian landlords passed on their biggest-ever rent increases in 2022, and the cost-of-living situation is unlikely to ease significantly for tenants in coming months.

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AAP

Good news for renters as hot market cools

The red-hot rental market seems to be cooling but vulnerable renters are still under pressure from sky-high prices.

ABC News

Australian home values see largest decline in recent memory, new data shows

Home values have seen their biggest drop since 2019 and experts say they're going to keep declining.

ABC News

Adelaide house prices have continued to rise, leaving home ownership out of reach for some

Despite a national fall in house prices over the past 12 months, Adelaide's went in the opposite direction, leaving home ownership out of reach for now for some people.

ABC News

The regional suburbs in Australia that have recorded the largest value growth since COVID-19 hit

Figures show the biggest changes in values for houses and units in regional areas since the pandemic hit.

ABC News

What Australia's housing market has been doing over the past year

During 2022, eight successive rate rises to combat high inflation quickly hit the housing market, slowing 2021’s extreme growth and remaining at the centre of the fall in Australia’s home prices. So what's next?

AAP

Rate-rise frenzy fails to force home sales

Fast-paced rate rises are not forcing people to sell up in large numbers but there could be a spike in such sales next year.

ABC News

Forced home sales set to rise as borrowers struggle with surging interest rates and mortgage repayments

Australian home owners are spending more of their income on mortgage repayments, and the pain is only set to worsen. Experts say some could be forced to sell.

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