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EXPLAINED: 9 | Vintage Vibes

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

The Guardian - US

Luxury shed sign of what's in store for Newcastle

As Newcastle grows, so must the council's planning ambitions.

Newcastle Herald

The mortgage rate shock regains bite just as the housing market enters into the seasonal soft window

On Tuesday, the average 30-year fixed mortgage rate ticked up to 7.13%.

Fortune

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Economists split over chance of August rate rise as Australian property price rebound slows

Analysts differ over whether Reserve Bank will raise the cash rate another 25 basis points in the 13th increase since May 2022

The Guardian - AU

Canberra the only capital city to record a decline in home values

It should be seen as a 'stabilisation' of values, one expert says.

The Canberra Times

Snowy Mountains pub changes hands after 38 years

The sellers share their favourite memories as they call time on the pub.

The Canberra Times

Inflation may be cooling, but the housing market is still too hot for many buyers

The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option.

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Rent Increases Are Forecast To Decrease Soon So Here’s Why And Everything We Know So Far

Finally some good news.

Pedestrian.tv

Rental rises tipped to slow as housing market cools off

Vacancy rates have already started to ease and price growth has begun to slow with analysts tipping further tempering in the market for rental homes.

AAP

The Canberra suburbs with the most homes for sale

And where more listings are expected to come up soon.

The Canberra Times

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.

AAP

Senator ‘working on’ settlement referral – as it happened

This blog is now closed.

The Guardian - AU

Housing lending records strongest lift since last 2021

The rebounding property market has been showing up in higher home loan commitments but interest rate hikes could weigh on the home price turnaround.

AAP

ACT home values rise again, putting sellers back in 'driver's seat'

'Sluggish' selling conditions are starting to turn around.

The Canberra Times

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The Guardian - AU

More Australian homeowners offloading properties at loss as interest rate rises take toll, new data shows

Unit owners particularly vulnerable as profitable national housing sales sank to 92.3% in the three months to March 2023, according to CoreLogic data

The Orange County Register

Looking for a housing price crash? That’s unlikely, real estate economists say

The nation‘s housing market is going through a correction, not a crash.

Newcastle Herald

Top FOMO suburbs: where no one is selling and demand is high

See our list of all 99 suburbs in Newcastle and Lake Macquarie

The New Daily

Wealth rises with $140 billion property price surge in early 2023

Australia’s housing market has surged by $140 billion in early-2023 amid an extraordinary rebound in property prices.

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The New Daily

Hundreds of Australian suburbs suffer double-digit rent hikes

Australia’s rental crisis has hit a fresh inflection point, with new figures showing more than 40 per cent of houses and units on the market have

The Guardian - AU

Australia’s capital cities record largest ever annual rent increases as housing crisis worsens

Over 40% of suburbs recorded rental increases of 10% or more in the past year, according to CoreLogic

The New Daily

A quarter of homes are bought mortgage-free

The value of homes bought with cash is trending up, with the bulk of those purchases by older generations moving to the regions to retire.

The Guardian - AU

Political point scoring over latest RBA rate rise won’t help those feeling the ‘painful squeeze’

How high must rates go to choke inflation? Blaming Labor’s budget, price-gouging businesses or the national wage increase isn’t an answer

ABC News

Queensland property prices tumbled after boom but now every region is rising again

The real estate rollercoaster continues as research shows house prices have been rising again throughout Queensland over the past three months.

The Guardian - AU

People are going homeless in this Victorian getaway spot. Could an Airbnb tax be the answer?

Getting a rental on the Mornington Peninsula has become difficult – but some are doubtful a state-imposed levy will help

The Canberra Times

Mortgage affordability in ACT at its worst since 1990

It hasn't been this tough since 1990. The cash rate was 17 per cent at the time.

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