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ABC Business Daily

Property down, rent up

7/1/202630 min

The monthly property data we've been waiting for is here. And the numbers tell us that national property prices are, in fact, falling. 

Meanwhile, rents are rising at an extraordinary clip - what part does this play in the affordability picture?

And in the wake of a wave of scandals at the big four consulting firms, the government has proposed potential regulations to respond to an industry occupied by only a few big players.

So what sorts of things could change?

Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.

Be sure to catch today's tax-time bonus episode - on the new $1,000 tax deduction - here! 

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.

Clips

Rent Surge Reality Check
Investors Heading For Exits
Uncomfortable Truth On Affordability
Bubble Warning From Abroad
When Sympathy Turns To Panic

Transcript preview

First 90 seconds

  1. Steph Chalmers0:00

    [upbeat music] ABC Listen, podcasts, radio, news, music, and more [upbeat music] Hi, it's Sam Hawley from ABC NewsDaily, the podcast that brings you one big story affecting your world each weekday in just 15 minutes The axiom in the investor community is never bet against Elon, because even if one has questions about his mental health, the simple message of the numbers at his companies are highly confidence-creating.

  2. Sam Hawley0:33

    Join me for ABC NewsDaily. Find us on ABC Listen So we have fresh data out on the property market, and it confirms what we have been talking about in recent months.

  3. Carrington Clarke· Host0:44

    Property prices are falling nationally. In fact, month on month, it was the biggest decline since December 2022. So what's going on? Where's the pain being felt, and where does property go from here? And I also want to deep dive into rents, which are rising at an extraordinary clip. Is that part of the affordability picture? Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.

  4. Steph Chalmers1:13

    And I'm ABC business reporter Steph Chalmers.

  5. Carrington Clarke· Host1:16

    Steph, thank you for joining us.

  6. Steph Chalmers1:18

    Thank you.

  7. Carrington Clarke· Host1:18

    Uh, we're dealing with one of our national obsessions, which is property prices. So the cycle is, at the end of the calendar month, we basically get these releases, both from CoreLogic, which is

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