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The Latest Breaking News from PropTrack

More homes put up for sale as property rebound sets in

The spring selling season looks to have started early, with national listings surging more than 20 per cent in the last month of winter.

AAP

Rental vacancy rate plummets to record low as Australia’s housing crisis deepens

Advocates say the crisis will only become even more severe without government intervention

The Guardian - AU

Australian households on six-figure incomes can now only afford 13% of homes

New report shows housing affordability has reached its lowest levels in decades as market continues to rebound

The Guardian - AU

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Child detention changes described as state’s ‘darkest hours’ – as it happened

Government’s steadfast defence of new laws continues to draw harsh criticism from the opposition

The Guardian - AU

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

Signs rental crisis is easing as vacancy rates nudge upwards in Australia’s major cities

More rental properties coming on to the market contributed to the rise, but current figures remain about half of pre-Covid levels

The Guardian - AU

Fuck Me Dead: This Is How Much Rents Have Been Increased By In Our Capital Cities

Sorry, it's not just Sydney that's crazy exxy.

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Enjoy it while you can: July’s RBA rate pause is likely to be fleeting, unless a lot goes right

Inflation remains too high globally – and Australia’s may still be ‘out of whack’ by the time the board next meets in August

The Guardian - AU

Jindabyne's median house price rises by 148 per cent over five years, the highest rate in regional NSW

The NSW Snowy Mountains town has seen the highest rise in median house price of any town or suburb in NSW, according to new data from Proptrack.

ABC News

National property price rebound gathering pace despite interest rate rises, with Sydney leading the recovery

National house prices lifted sharply in May, according to data from CoreLogic. Sydney continues to lead the recovery, with rises across the capital cities, as the number of properties advertised for sale fell further.

ABC News

Perth rental market among worst in Australia as rent up $178 per week in one suburb, report finds

As a new report confirms Perth's status as one of the tightest rental markets in the country, an expert warns the situation is going to get worse before it gets better.

ABC News

Adam Bandt says rents are rising six times faster than wages. Is that correct?

Greens leader Adam Bandt says rents are rising six times faster than wages. Is that correct? RMIT ABC Fact Check investigates.

ABC News

New data shows only 16 per cent of rental properties are available for less than $400 a week

In Brisbane, just 10.9 per cent of rental homes are available for less than $400 a week, while the ACT has the smallest share of rentals available below $400 per week at just 1.8 per cent.

ABC News

Affordable rental properties in Australian capital cities at ‘record low’

Just 16.2% of all rentals listed for $400 or less in April 2023, down from 30.2% in 2022

The Guardian - AU

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ABC News

As Perth's new rental stock hits worst level since 2009, family left facing 'one battle after another'

A new report shows Perth recording its fewest new rental listings since 2009, and residents are feeling the pinch more than ever — including Lisa Dodson, who shares her home with her two adult sons, their fiancées and her mother.

The Guardian - AU

Regional Australia property market dips as prestige areas give up pandemic gains

Big beneficiaries of regional migration during Covid such as Byron Bay have been hit hardest by increasing interest rates, experts say

ABC News

House prices rise for the second month in a row as rents keep rising due to low vacancy rates

CoreLogic data shows Australian property prices have risen for the second consecutive month, suggesting a downturn in the housing market is coming to an end as interest rates stabilise.

ABC News

New report reveals rent continues to rise across Queensland, with vacancy rates remaining near record lows

The current market has forced people into larger or shared households as new property data reveals rent in Brisbane increased by 12.3 per cent in the last year.

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ABC News

Australia's rental vacancy rate at lowest level since before COVID-19 pandemic

New data released from PropTrack shows Australia's national rental vacancy rate is at its lowest level since 2018 — and it is unlikely to improve any time soon.

The New Daily

‘Limits of affordability’: Rental crisis hits grim new milestone as vacancy rates sink again

Australia’s rent crisis has reached a grim new milestone, with new data revealing the national vacancy rate slipped again in February.

ABC News

Higher interest rates aren't just affecting home owners — fewer cheap rentals are available

Experts have described the latest figures from the PropTrack Market Insight Report as "really worrying". Here's a breakdown of the data and how you may be affected, depending on where you live.

AAP

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.

The Guardian - AU

Share of affordable properties in Australian capital cities has more than halved, analysis shows

The proportion of dwellings listed for under $400 a week has more than halved to an average of just 15% across the country

ABC News

House price falls ease in February with Sydney posting a rise as real estate listings dry up

A lack of properties for sale and the first rise in Sydney home prices in more than a year stabilise real estate values across the nation. But for how long?

AAP

Home price slide loses momentum as new listings tighten

The downturn in housing prices appears to be easing but experts say it's too soon to say if it's bottoming out or has further to fall.

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