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The Latest Breaking News from Nicola Powell

National rents hit new record high of $630 a week

Rents have been growing strongly since the pandemic and found a new gear in the first quarter of 2024, piling more pressure on the stretched cohort.

AAP

Denser suburbs leads to better housing affordability

Housing affordability could be worse without the reduction of land sizes across Australian capital cities, new research shows.

AAP

Fire situation ‘will get worse before it gets better’ – as it happened

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The Guardian - AU

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More first-time buyers facing mortgage stress

Higher interest rates are a double-edged sword for wannabe home buyers - shortening the time to save for a deposit but pushing up mortgage repayments.

AAP

House prices smash records, wiping out downturn losses

Australia's housing sector has recouped all losses from the 2022 downturn to end 2023 smashing median price records across all capital cities.

AAP

Record Australian rent price streak finally over

The average asking price for renting a house in Australia's capital cities has remained steady after almost three years of consecutive growth.

AAP

These Suburbs Are The Best To Find A Rental In Amid Low Availability And Record Competition

Renters in Melbourne City are likely to come out of the impeding changeover season unscathed with the highest vacancy rate in Australia.

Pedestrian.tv

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Better month for home approvals but new building soft

The outlook for new home building is looking lacklustre as delays, high costs and interest rate hikes make it difficult to get new projects off the ground.

AAP

Renters hit affordability limit as pace of growth eases

Australian renters are getting closer to the maximum they can afford, with as many as 70,000 rentals needed to bring the market into a healthier balance.

AAP

More house flippers take hit, owners staying put longer

The number of Australian home owners selling their properties after only two years has risen, along with the portion of them failing to profit on the resale.

AAP

Good news for house hunters buying in Canberra

Stability has returned to the housing market, experts say.

The Canberra Times

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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The Canberra Times

Canberra no longer Australia's most expensive city to rent

The median rental asking price for units remained stable.

AAP

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.

The Guardian - AU

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’

Liverpool Echo

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

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The Guardian - AU

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 Canberra Times

Canberra to maintain million-dollar house price median: report

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

The New Daily

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 Guardian - AU

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

Liverpool Echo

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

The Canberra Times

Inner South leads auction clearance rate decline in Canberra

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

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