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BIZARRE: 8 | Mind Blowing Facts

Housing prices back at record levels, defying Australia’s interest rate rises

The 7.5% drop from the April 2022 peak has been recovered, but some cities are faring better than others, CoreLogic analysts say

The Guardian - AU

Less homes coming up for sale in Newcastle

'The Newcastle and Maitland region has seen fairly modest value growth'.

Newcastle Herald

Bargain buy draws epic bidding battle at Edgeworth auction

'It was a bit of a cat and mouse game.'

Newcastle Herald

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New Lambton home fetches almost $5 million in record sale

The previous record sale in New Lambton was $4.175 million.

Newcastle Herald

Ex-display home fetches record price in Teralba

'Buyers were really struck by the quality of the home.'

Newcastle Herald

Grand 1920s trophy home hits the market in New Lambton

The property was built in 1927 by the Brambles family.

Newcastle Herald

Developers circling Charlestown site owned by Central Leagues Club

The site collectively spans 1800 square metres.

Newcastle Herald

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'It is definitely slowing down': Newcastle house values up but growth slows

The median house value in Newcastle and Lake Macquarie is $863,276.

Newcastle Herald

Housing rebound eyes new mark but rates threat looms

National home prices are about to hit a fresh peak in October, though the pace of growth is starting to slow.

AAP

Australian property prices soar to record levels despite higher interest rates

New figures show significant growth in Brisbane, Adelaide and Perth with many suburbs seeing increases of more than 15% and Sydney up by 7.5%

The Guardian - AU

Renovated North Lambton home tipped to break suburb record

The median house value in North Lambton is $771,000.

Newcastle Herald

Fresh insights into retail sector, housing market

Consumers have been reining in their spending in response to high interest rates and new data may signal a continuation of this trend.

AAP

Extreme weather is a $23 billion problem for the housing market—and growing, but this analytics chief says 'really encouraging' investments are coming to market

CoreLogic's John Rogers says there's movement from "talking about climate change to real action across the supply chain of building homes."

Fortune

Big backyards could hold key to solve housing crisis

The humble granny flat could help deliver much-needed housing supply as shortages continue to push rents skyward.

AAP

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The Guardian - AU

Granny flats are an untapped resource to relieve Australia’s housing crisis, report says

Research identifies 655,000 suitable homes, including 17.6% of all metro properties in Sydney and 13.2% in Melbourne

The Canberra Times

Where Canberrans could be most at risk of distressed sales

Data shows distressed sales could already be occurring in some regions.

The Guardian - AU

PM condemns abuse directed at Lidia Thorpe – as it happened

This blog is now closed.

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.

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AAP

Housing recovery entrenched but pace of growth eases

Home values continue to rise but growth has slowed amid more advertisements for stock and the toll of higher interest rates and cost of living pressures.

The Canberra Times

Good news for Canberra house buyers

House values in the ACT are growing at a much slower pace than other capitals.

The Guardian - AU

Raising a newborn in a sharehouse: the challenges for new parents during Australia’s housing crisis

‘I don’t think it’s unreasonable to want to be able to provide a safe, healthy home on a professional salary’, says Ada Fitzgerald-Cherry

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.

The Guardian - AU

Atagi recommends additional Covid vaccine booster for people over 75 – as it happened

Health minister’s office confirms government has accepted expert body’s advice

The Canberra Times

Latest home price data shows positive signs for spring sellers

Canberra's modest growth lagged behind most other capitals.

The Guardian - US

Hurricane Idalia could become 2023’s costliest climate disaster for the US

Analysts estimate the category 3 storm has already racked up a preliminary cost of $9.36bn, straining the insurance industry

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