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The Latest Breaking News from Nicola Powell

Sydney leads Australia’s house price rebound with $500-a-day ‘hyper-growth’

Domain data shows fastest national rise since late 2021 and all capitals bar Canberra in recovery mode

The Guardian - AU

Is Victoria planning to impose rent freezes and will that solve the housing crisis?

Labor is mulling a cap on prices and a levy on Airbnb-type listing. But some experts say that won’t do enough to fix the key problem of lack of supply

The Guardian - AU

Teacher had sexual activity with child

Edward Curtis created a 'one to one' relationship with the child

Wales Online

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Canberra no longer Australia's most expensive city to rent

The median rental asking price for units remained stable.

The Canberra Times

City apartment rentals cost almost as much as a house

Tenants are still facing sharp price increases, with the cost of renting a unit catching up with houses in some big cities.

AAP

Rents rise again across Australia with Sydney seeing fastest rise in 20 years

Median unit in harbour city now costs more than median house in every other capital, Domain says, as immigration adds to rental ‘pressure cooker’

The Guardian - AU

Mum's touching tribute to son spotted at Glastonbury Festival 2023 Pyramid Stage

Nicola Powell told the ECHO she wanted to "walk in her son's footsteps" at this year's festival

Liverpool Echo

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Forced property sales on the rise in outer Sydney as interest rate hikes start to bite

Domain data shows distressed listings as a share of the national market remain low but there’s been an uptick in outer suburban pockets

The Guardian - AU

Canberra to maintain million-dollar house price median: report

Meanwhile, unit prices in Canberra are predicted to remain volatile.

The Canberra Times

Treasurers to discuss housing supply, affordability

Housing supply and affordability will be a key issue for the federal treasurer and his state and territory counterparts as the Greens block the housing fund.

The New Daily

‘Big call’ on RBA governor to be made in July

The next governor of Australia's central bank will be announced in July, Treasurer Jim Chalmers says, amid mounting speculation.

The New Daily

House prices will keep rising into next year, says Domain, as immigration boosts demand

Sydney to lead recovery with 6% to 9% increase by next June while Melbourne, Adelaide, Perth and Brisbane will come close to or beat record highs

The Guardian - AU

Mum to walk in son's footsteps at Glastonbury after his tragic death

Callum's funeral was held ten days before he was due to be going to the festival

Liverpool Echo

Inner South leads auction clearance rate decline in Canberra

"We're seeing a lot more buyers pull out the night before."

The Canberra Times

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The Canberra Times

'Our weakest capital city': Canberra's median house price plunges from peak

Canberra's housing market is falling hard and fast.

ABC News

Rents are at a record high across Australia, according to a new report

Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices.

AAP

Families ditch lifestyle homes for affordability

Cost of living pressures are driving demand for homes in school zones in affordable city fringe locations.

AAP

Value for money worse for home buyers as blocks shrink

The true cost of homes is rising as shrinking block sizes fail to make housing more affordable in both cities and regional communities.

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news in one place.

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The New Daily

‘Green shoots’: Housing market outlook improves, despite further falls in property prices

The slide in Australian property prices eased sharply over the December quarter, with fresh data revealing falls slowed six-fold.

AAP

Mortgage cliff looms as cheap loans expire

Housing affordability has taken a hit from rising mortgage rates and spiralling inflation, bringing an end to the property boom, but buyers are more prepared.

Pedestrian.tv

A New Rental Affordability Report Has Found Sydney Isn’t The Worst City To Rent So We’re All Fkd

The rental affordability report found Hobart — no, not Sydney — was Australia's least-affordable city to be a renter in 2022.

AAP

House prices plunge 4.9 per cent from peak

The housing market has tumbled in capital cities across the country, with prices down 4.9 per cent from their March peak.

ABC News

Sydney house prices have dropped by 10 per cent this year, according to latest data

House prices in Sydney fell by 10 per cent since the peak in February, with the median value in the city dropping to $1,042,276.

Pedestrian.tv

‘Painful To See’: Rising Rents Contributed To A 10% Spike In Homelessness In NSW Since 2020

Homelessness in New South Wales has increased 10% since the pandemic began, a new report found. Meanwhile, rents reached a new record high.

AAP

Rate spike caught home owners off guard

More than half Australia's mortgage holders did not believe the cash rate would hit the heights it has when they took out their home loan.

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