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Australian House Prices Are Falling At Their Fastest Rate Since The GFC So WTF Does That Mean?

Congratulations, guys! Property analysts reckon house prices across Australia are falling at their fastest rate since the global financial crisis hit in 2008.But there’s a catch.Prices have really only dropped from “exorbitantly expensive” to “slightly less exorbitantly expensive”, according to new data from CoreLogic.The data showed that as at 31…

Pedestrian.tv · Aug 1, 2022

Canberra unit values fall as housing downturn accelerates

The rate of housing decline is comparable with the onset of the GFC in 2008, according to one expert.

The Canberra Times · Jul 31, 2022

Australian property prices tumble at rates not seen since GFC

Interest rate rises lead to dwelling values falling for third month in a row with Sydney prices down 5.2% since January

The Guardian - AU · Jul 31, 2022

CoreLogic data shows Melbourne is Australia's most affordable capital city for home rentals, followed by Adelaide

Melbourne replaces Adelaide as Australia's most affordable city for renting a typical home, but rates are rising everywhere and vacancies are tightening, latest figures show.

ABC News · Jul 5, 2022

Shrinking households help drive up national rents at record pace

Shrinking households and a limited supply of rental properties have combined to push up rents at the fastest annual pace since 2008.

The New Daily · Jul 5, 2022

ACT house prices are 'flattening out' as auction clearance rates hit lowest level since 2020

Auction clearance rates in Canberra drop to the lowest levels since 2020, amid predictions the ACT is reverting to a buyers' market.

ABC News · Jul 4, 2022

Home prices drop for the second month in a row as Reserve Bank's aggressive interest rate rises hit hard

Aggressive interest rate increases have caused the second monthly fall in home prices across Australia's capital cities. It is the sharpest slowdown in the property market in 30 years.

ABC News · Jun 30, 2022

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 · Jun 30, 2022

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 · Jun 29, 2022

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 · Jun 27, 2022