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News
'Fastest start' to a property downturn in 30 years, says Domain chief economist
4+ day, 5+ hour ago (110+ words) ABC News & Headlines – Australian Broadcasting Corporation VIDEO: 'Fastest start' to a property downturn in 30 years, says Domain chief economist Domain chief economist Nicola Powell says sellers are listing their homes for auction to test the market and many are switching…...
Australia's most expensive homes decline in value
4+ day, 11+ hour ago (754+ words) September's property data shows high-end houses have dropped in value. (ABC News: John Gunn) Property data shows high-end houses in Sydney and Melbourne are down more than 10 per cent in value from their peak. An expert says the housing downturn…...
Sick of the city, Queenslanders head west and boost property prices
4+ day, 16+ hour ago (1024+ words) Dave Summerville and wife Kay left Queensland's Sunshine Coast hinterland for a quieter life on the Darling Downs. (ABC News: Grace Nakamura) Tucked away in Queensland's Sunshine Coast hinterland, Dave Summerville lived in one of the most desirable areas in…...
Drop in interstate exhibitors at 2026 Deloraine Craft Fair as Spirt of Tasmania sailings paused
6+ day, 8+ hour ago (290+ words) The Spirit of Tasmania ferry service between Tasmania and the mainland will take no paying passengers for a week in late October because of operational testing of the new Spirit ships. Australia's largest working craft fair is held annually at…...
A $3.4b collapse exposes the mess of our housing industry
1+ week, 19+ hour ago (1063+ words) There are many lessons, and consequences, from Bathla's collapse. (Supplied: Bathla website) Maybe housing developers should be required to live in what they build. In the lead-up to the $3.4 billion collapse of developer Bathla Group a fortnight ago, the NSW…...
Australia's housing problems will take 'generation' to fix, NAB economist warns
1+ week, 3+ day ago (1189+ words) Senator Barbara Pocock at the select committee on intergenerational housing inequity. (ABC News: Callum Flinn ) NAB is forecasting a peak-to-trough decline in dwelling prices of about 7 per cent across Australia's combined capital cities. But Sally Auld, NAB chief economist, says…...
Bathla shaping up to be largest housing collapse Australia has ever seen, says property developer - ABC News
1+ week, 6+ day ago (116+ words) Bathla shaping up to be largest housing collapse Australia has ever seen, says property developer ABC News & Headlines – Australian Broadcasting Corporation VIDEO: Bathla shaping up to be largest housing collapse Australia has ever seen, says property developer Michael Akkawi, the…...
House prices plunge as property downturn spreads
1+ week, 6+ day ago (91+ words) VIDEO: House prices plunge as property downturn spreads ABC News & Headlines – Australian Broadcasting Corporation VIDEO: House prices plunge as property downturn spreads Data from Cotality reveals the nation's housing downturn has accelerated, with home values declining for the fifth straight…...
Home buyers left in limbo after property developer collapse
2+ week, 5+ day ago (74+ words) VIDEO: Home buyers left in limbo after property developer collapse ABC News & Headlines – Australian Broadcasting Corporation VIDEO: Home buyers left in limbo after property developer collapse Thousands of unfinished homes have been left in limbo after major property developer, Bathla…...
Major NSW property developer in administration - ABC listen
2+ week, 6+ day ago (92+ words) Construction industry experts say the the collapse of a major NSW developer is more evidence of the financial pressure on Australian builders. The Bathla Group has announced it has gone into administration with debts estimated to total more than $3 billion....