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The Latest Breaking News from Tim Lawless

Sydney and Melbourne lead accelerating housing downturn

Sydney and Melbourne are leading Australia's falling house prices, which are gathering momentum as interest rates rise and consumer confidence takes a hit.

The New Daily

Melbourne ‘space shuttle’ pods containing a single bed for rent for up to $900 a month

Inner city rental listing advertises six capsules stacked in a room as Australian rental crisis worsens

The Guardian - AU

Sydney and Melbourne set to lead property price tumble, with other cities to follow

As interest rates rise, prices are already down 3% in Sydney and 1.8% in Melbourne, with other capitals tipped to follow suit

The Guardian - AU

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Buyers 'get a look in' as Canberra's auction market cools

One property expert said Canberra buyers had "more stock to choose from, less urgency and some leverage at the negotiation table".

The Canberra Times

Australia’s borders were closed and population growth stalled – so why are houses so expensive?

Experts say last two years has amplified issues such as a lack of social and affordable housing, a lack of supply and an increase in shorter-term leases

The Guardian - AU

Double-digit drops in capital city property prices likely after RBA rate hikes

Borrowers may find themselves in a ‘mortgage prison’ but low jobless rate means most households should still be able to pay off their loan, experts say

The Guardian - AU

Gold Coast property market cools as auctions slow down, houses spend more time on market

Real estate agents on the Gold Coast notice a cooling of the market, compared to how it was during the pandemic.

ABC News

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Former PM Joseph Lyons's old school house goes up for sale as regional Tasmania bucks housing trend

Fancy living where a former prime minister used to dispense wisdom? This 1860's school house might be just what you are looking for — if you don't mind a shift from the mainland.

ABC News

House prices fall for the first time in nearly two years as rising interest rates bite

Australian home prices have fallen nationally for the first time in at least 20 months, according to two leading monthly indices, although many parts of the country are still in a property boom.

ABC News

HomeBuilder and first home buyer grants made housing less affordable says Reserve Bank

Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes for some Australians, according to the Reserve Bank.

ABC News

Gold Coast, Sunshine Coast property prices cool but CoreLogic's Tim Lawless says not to worry

The most expensive real estate market in regional Australia is officially cooling, but that doesn't mean it's any more affordable.

ABC News

Higher interest rates and mortgage repayments will be 'the new normal' for home owners in 2022, analyst says

The Reserve Bank's 25-basis point increase is just the first of many on the horizon, and Queensland homeowners need to brace for higher home loan repayments over the next 18 months, a leading property analyst says.

ABC News

Shock interest rate rise shows Australia’s economic exceptionalism is fading

RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?

The Guardian - AU

Paying off a mortgage? Here’s how the RBA interest rate rise will affect your repayments

Rise to 0.35% increases median monthly home loan repayment by up to $118, but rates predicted to reach 2% in a year’s time

The Guardian - AU

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The Guardian - AU

Interest rates are set to start rising. What does that mean for mortgage holders and homebuyers?

The RBA could hike rates as early as May. Will borrowers race towards fixed-rate home loans?

ABC News

Building crisis could lead to DIY boom as repairs and renovations stall for lack of tradies, materials

Supply and labour shortages plus surging costs are leaving Australia's building sector in crisis, and that could mean a long wait for repairs for thousands of recent flood and storm victims unless they can do the work themselves.

ABC News

Property boom over in Sydney and Melbourne — but prices still rising elsewhere

Property prices now seem to be cooling off after the pandemic boom, at least in the biggest cities, but many prospective first home buyers have already been priced out of the market.

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