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The Latest Breaking News from PropTrack

Flood risk already raining on Australian home prices

One type of natural disaster has depressed the value of more than two-thirds of Australian homes that sit in the firing line, new analysis finds.

AAP

Floods have devalued Australian homes by $42bn. Experts say that’s the cost of ‘a changing climate’

Of the 2m flood-prone houses across the country, at least 70% have had values reduced, a new report by Climate Council and PropTrack has found

The Guardian - AU

'Unfair': investors flock as key workers struggle

Bank lending to property investors has reached its highest level in almost a decade, as yields surge while care workers and teachers struggle to afford rents.

AAP

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Rates take back seat to affordability for home buyers

Interest rates might be weighing less on Australians' decision to buy or sell a property, with affordability now ranked as the leading influence.

AAP

House prices creep higher as new building lags target

Falling interest rates and an ongoing housing shortfall are driving property prices higher, but affordability constraints will keep a lid on growth.

AAP

Australian house prices hit new peak as rate cut drives buyer demand

Tougher conditions for first home buyers – and renters, who are now often spending more than those with mortgages

The Guardian - AU

Australian home prices hit new high during spring rush but Sydney records small slip

Perth, Adelaide and Brisbane remain the strongest capital city property markets, with prices up 20.58%, 14.91% and 12.51% over the past year

The Guardian - AU

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Australia’s housing crisis may be starting to ease as home prices fall in four capital cities

New data also shows auction figures softening while rent rises are at their slowest pace in years

The Guardian - AU

‘Stop doing dumb stuff,’ economist warns as housing affordability in Australia slips

Saul Eslake says decades of ‘bad policies’ have inflated demand as report finds about 20% of households effectively ‘locked out’ of the market

The Guardian - AU

Home sweet home: the places people never leave

Waterside suburbs and areas with idyllic lifestyles are unsurprisingly among the tightest-held property markets in the country, new data reveals.

AAP

Melbourne is the only Australian capital to see a drop in house prices. What’s going on?

The Victorian city seems to be on a different trajectory to others – what might that mean for housing affordability?

The Guardian - AU

Adelaide home prices could soon surpass Melbourne as Victorian capital slumps

Fall of 4.4% since peak in 2022 bucks broader trend, PropTrack finds, with national real estate prices 6.3% higher than a year ago

The Guardian - AU

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

Chalmers says Dutton’s budget reply lacks economic credibility – as it happened

Treasurer accuses opposition leader of failing to explain how he would pay for suite of measures

The Guardian - AU

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AAP

Rental vacancies ease as political housing brawl stirs

A small lift in vacancy rates offers a ray of sunlight for renters as challenges in the housing market become a sharper focus for the major political parties.

The Guardian - AU

Australian house prices hit record high for fifth consecutive month

CoreLogic data shows prices rose 0.6% in March while separate index from PropTrack produces similar results

AAP

Most want energy-efficient homes but are stuck on price

Most Australian buyers, renters and builders want energy-efficient homes, a study has found, but high prices and a lack of knowledge are holding them back.

AAP

Homebuyer scheme on shaky ground as calls for help echo

Opponents of a homebuyer scheme that would split upfront costs with the government are being urged to back the plan to help more people buy their first house.

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AAP

Rent rises ease but 'critical need' for supply lingers

Under pressure renters will continue to feel the weight of rent rises, though a report suggests the market could cool in coming months.

The Guardian - AU

Australian properties for lease fall to record low as rents soar

PropTrack report finds number of December listings 30.2% below past decade’s monthly average as housing advocates say government policies are failing

The Guardian - AU

Australian capital city rents up 13% over year as further hikes predicted for 2024 amid housing shortage

Housing advocates call for urgent reform to address growing crisis as capital rents hit average of $600 a week

Bored Panda

Mom Devastated After New Landlord Makes Her Face Homelessness

Right before Christmas, this single mom's landlord doubled the rent for her and her son from $300 to $630. The mom admitted that they might be facing homelessness soon. The post Mom Devastated After New Landlord Makes Her Face Homelessness first appeared on Bored Panda.

AAP

Rental fix hinges on more homes, namely social housing

A parliamentary inquiry has called for continued funding for social housing in a comprehensive report on Australia's rental crisis.

AAP

Home prices break through ceiling but growth eases

The housing market downturn of last year has been completely unwound, but the pace of growth is slowing.

The Guardian - AU

Australia’s rental vacancy falls to record low as Sydney and Melbourne feel squeeze

Advocates push for limit on rent rises as PropTrack report finds vacancy rate slipped to 1.02% in October

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