Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Australia’s Home Prices Fall Further Ahead of Expected Rate Hike

Australia’s home prices tumbled for a seventh straight month and are on track for the biggest fall in 40 years, a private gauge showed, as the Reserve Bank is expected to increase borrowing costs again this week.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

Australian home values downgraded again

Once again, Cotality’s official dwelling value results for November have been heavily downgraded, with values falling far more sharply than its daily dwelling values index suggests. Let me explain.

  • Cotality downgrades Australian home values again
  • Brisbane and Perth see 8.3% and 8.9% declines
  • Housing downturn fastest in 40 years

More from Sunday 1 November →