Australian house prices drop for third consecutive month | Kanebridge News
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Australian house prices drop for third consecutive month

Sydney led the way with a 2.2% drop in the last month.

By Robyn Willis
Mon, Aug 1, 2022 9:14amGrey Clock 2 min

Housing values fell in five of the eight capitals last month, according to CoreLogic’s national Home Value Index, with Australian dwelling values dropping -1.3 per cent over July. Sydney led the way with a -2.2 per cent drop, followed by Melbourne on -1.5 per cent. Hobart also recorded a -1.5 per cent decrease, followed by Canberra on -1.1 percent.

Brisbane recorded its first drop since August 2020 with values down by -0.8 per cent. Darwin saw the highest increase in values in July at +0.5 per cent, followed by Adelaide on +0.4 per cent and Perth on +0.2 per cent.

Regional markets have also softened, with NSW leading the way with a -1.1 per cent drop, followed by regional Victoria (-0.7pc), regional Queensland (-0.7pc) and regional Tasmania (-0.6pc). Regional South Australia (+1.1pc)  and regional Western Australia (0.1pc)  both saw values increase. Overall, regional markets continue to outperform capital cities.

CoreLogic’s research director Tim Lawless said housing values were already slowing before interest rates started rising but markets have weakened sharply since the first increase was announced on May 5.

“Although the housing market is only three months into a decline, the national Home Value Index shows that the rate of decline is comparable with the onset of the global financial crisis (GFC) in 2008, and the sharp downswing of the early 1980s,” he said. “In Sydney, where the downturn has been particularly accelerated, we are seeing the sharpest value falls in almost 40 years.”

Lenders such as Westpac and ANZ are predicting the Reserve Bank of Australia will announce another half a per cent rate increase this month, putting further pressure on cost of living.



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The designer’s Mind: Delving into the Best Interior Design Books
By Kanebridge News 24/05/2023
The designer’s Mind: Delving into the Best Interior Design Books
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Wed, May 24, 2023 3 min

There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.

1. Interiors beyond the primary palette 

Arent & Pyke: Interiors Beyond the Primary Palette : Arent & Pyke, Arent, Juliette, Pyke, Sarah-Jane: Amazon.com.au: Books

Step inside the world of award-winning interior design duo Juliette Arent and Sarah-Jane Pyke in this, their first compendium of their work. A ‘best of’ over more than 15 years working together, it’s a masterclass in working with colour and pattern as seen through 18 projects from around the country. With a focus on the idea of home as sanctuary, this hefty tome offers insight into the mind of the designer with points on where to find  inspiration, meeting client briefs and the importance of relationships. Thames & Hudson, $120

2 House of Joy

House of Joy - Playful Homes and Cheerful Living - gestalten EU Shop

If there was ever a book title for our times, then this is it. With a subtitle of Playful Homes and Cheerful Living, this book champions fun in interior design, with bold and bright homes from around the world to delight and inspire. While there’s a good dose of the unexpected, like a disco ball in the garden, there’s no mayhem in these spaces. Instead, they’re beautifully executed to tempt even the most colour shy. Gestalten, $105  

3. Abigail Ahern Masterclass

Abigail Ahern's Masterclass :HarperCollins Australia

Some design books are beautiful to look at, and that’s it. This is not one of those books. A master of colour and pattern, UK designer Ahern offers a practical foundational guide to beautiful interiors, mixing form with function in her latest book, Masterclass. Find the inspiration you need to create a gorgeous home. HarperCollins, $65  

4. Interiors Now!

Looking for a visual crash course in international design trends with longevity? This is the book for you. Featuring homes across the globe, from New York to Auckland via Avignon, the biggest dilemma for readers is settling on a style. Many of the projects are owned by designers and creatives, lending a dynamic edge to this tome, now in its 40th year. Taschen, $50

5. Home by the Sea 

Home by the Sea, The Surf Shacks and Hinterland Hideaways of Byron Bay by Natalie Walton | 9781743798256 | Booktopia

For many Australians, the ocean holds an almost hypnotic appeal. Home by the Sea by Natalie Walton lets you imagine, for a little while at least, what it’s like living the dream in a beach shack in Byron Bay. The book tours 18 homes in and around the region and the hinterland owned by artists, designers and makers. With photography by Amelia Fullarton, it champions the good life. Hardie Grant, $60            

6. The Layered Interior

The Layered Interior - Greg Natale

Released last year, this is the third volume from award-winning interior designer Greg Natale. Different in format from his earlier books, the eight projects featured are Australian but with a slight Euro-centric focus. The writing is conversational, almost intimate, inviting the reader into the most luxurious spaces beautifully captured by photographer Anson Smart. This coffee table tome is perfect for dreamers and doers alike. Rizzoli, $110 

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