Live: NSW: Sydney house prices fall at fastest rate in 40 years

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MORNING BRIEFING: Sydney house prices have slipped 1.9 per cent over the past month as interest rate hikes have taken a toll— the fastest rate of decline in 40 years.

Weaker buyer sentiment, rate hikes and rising inflation are affecting the auction market.

But reports last night emerged of players telling the club they were upset at not being consulted and they would not wear it on cultural and religious grounds.Beekeeper furious after being left in darkA beekeeper near the latest varroa mite detection site on the NSW North Coast says he is furious he has not been notified of the case by any official sources.

Apiarist Alan Elks said he found out he was in the eradication zone from a fellow beekeeper and was shocked the Department of Primary Industries had not contacted him. The holes, some the size of swimming pools, are also posing a contamination concern after filling with water from overflowing septic tanks.

At the same location, just after 9pm three days later, a man armed with a knife threatened another man before fleeing the scene with his personal belongings.Detectives have released a picture of a man they believe can help with their investigation.

Source: Loan Digest (loandigest.net)

 

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Wouldn't live there if you paid me.

Rates rise at fastest pace in 40yrs. And prices rose at fastest pace in 40yrs when rates dropped at fastest pace in 40yrs. The RBA’s mandate, whether they admit it or not is not CPI. It’s house prices. But it would kill the economist egos to be called the Dept of House Prices

Not fast or high enough.

Don't think the massive household debt here is prepared, been living the life of luxury on equity from rising home prices for too long.......Two decade party looks to be over till the market corrects.

The RBA has really damaged buyer confidence!

RBA must increase the interest rates again. High cost of living is making life harder and depressed.

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