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The Latest Breaking News from Eliza Owen

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?

ABC News

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.

AAP

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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.

ABC News

The Australian suburbs where house and unit values have risen the most since COVID-19 hit

One capital city led the charge with eye-watering gains, and some suburbs posting almost 80 per cent growth in housing values since the onset of COVID-19.

ABC News

Australian house prices fall seven months in a row but pace of decline slows

National house prices have fallen in November but the pace of decline has slowed as low stock levels persist and buyers push ahead with purchasing despite rising interest rates.

ABC News

The Australian suburbs that have recorded the largest value declines since COVID-19 hit

Data reveals a list of suburbs where house and unit values have slumped back to pre-COVID-19 levels. With prices tipped to fall further, is it a good time to buy?

ABC News

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Price cuts and pre-auction sales as Christmas 'deadline' looms

Data shows where the biggest discounts on Canberra homes can be found.

The Canberra Times

Newcastle and Lake Macquarie named among top six fastest-declining property markets in regional Australia

House values in the region recorded falls of six per cent over the last three months.

Newcastle Herald

What The Block 2022 auction results tell us about Australia's housing market

After months of production, five houses on The Block went under the hammer... or tried to. Here's how their wildly different auction results represent Australia's current housing market.

ABC News

Australian home prices fall for six months in a row as interest rate rises bite

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

ABC News

Why this spring selling season is different

Buyers are in the driver's seat, but it's not all bad news for sellers.

The Canberra Times

Sunshine and Gold Coast properties have boomed since 2020, now they're leading the real estate downturn

It is a long way from a bust, but the booming property prices in Queensland's two most popular regional centres are leading sunshine state's downturn.

ABC News

Perth rental market tightens further as experts tip moderate house price growth

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.

ABC News

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ABC News

Elliott Heads farmland to be developed into South Beach master-planned community

It's one of Queensland's last coastal suburbs with blocks of land under $300,000. But this beach haven is about to undergo a metamorphosis that's been decades in the making.

The Guardian - AU

Australians abandon buying first home as loan costs outweigh property price drops

Reserve Bank is expected to again lift the cash rate, extending the most rapid spate of rises since 1994

ABC News

House price plunge spreads with biggest monthly decline in 39 years

Australia's housing market decline spreads across all capital cities and most regional areas, with national prices falling by the most in any month since 1983.

ABC News

Home prices in 'affordable' regional Queensland towns continue to rise as national housing market drops

The Reserve Bank of Australia has once again raised interest rates for the fourth consecutive month, but this Longreach 20-something has no plans to miss out on life.

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The Guardian - AU

IMF outlook for world economy could herald dark clouds for Australia

Analysis: Treasurer Jim Chalmers will no doubt reveal inherited budget bungles but he won’t need to look far for new tales of economic woe

ABC News

Property ownership is not the Australian dream for many lifelong renters

Some young Australians say they are choosing not to buy as property and housing prices climb to unreachable heights. Although there are signs the market is cooling in regional areas.

ABC News

Should you leave your money in superannuation or put it towards a deposit for a first home?

Allowing first home buyers to draw their superannuation will likely, over time, push up house prices, according to many leading economists, but are you better off leaving your money in your super fund or pulling it out for a home deposit?

The Guardian - AU

Coalition super housing policy likely to inflate prices by increasing demand, analysts say

Saul Eslake points to ‘unambiguous and unequivocal evidence’ showing such policies lift prices rather than home ownership

ABC News

Waterfront house in Howrah sells for $8.533 million, breaking Tasmanian real estate records

A waterfront estate on Hobart's eastern shore sells for $8.533 million, breaking the real estate record for a suburban house in Tasmania.

ABC News

A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach

While house prices are expected to fall nationally as interest rates continue to rise, that won't necessarily improve the plight of first home buyers, according to CoreLogic's latest housing affordability report.

ABC News

Expanding the Home Guarantee Scheme comes with pros and cons for first-time property buyers

The government is expanding its home guarantee and the value of properties eligible for it, but experts warn there are risks as well as benefits for would-be buyers.

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